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Speaker 1: Just before we get started, we'd like to acknowledge and

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Speaker 1: pay respect to Australia's Aboriginal and torrest Rate islander people's.

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Speaker 1: They're the traditional custodians of the lands, the waterways and

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Speaker 1: the skies all across Australia.

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Speaker 2: We thank you for sharing and for caring for the

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Speaker 2: land on which we are able to learn.

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Speaker 1: We pay respects to elders past and present, and we

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Speaker 1: share our friendship and our kindness.

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Speaker 3: She's on the Money, She's on the Money.

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Speaker 1: Hello, and welcome to She's on the Money, the podcast

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Speaker 1: for millennials who want financial freedom. Guys, Today is Friday,

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Speaker 1: which means it is time to sit back with the

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Speaker 1: girls and Glenn James with a bev in hand, to

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Speaker 1: unpack our favorite mode of the week, and of course

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Speaker 1: to celebrate you the incredible She's on the Money community.

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Speaker 1: As always, we're going to be sharing our favorite money wins.

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Speaker 1: We're going to be discussing what's making news in the

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Speaker 1: finance world, and we're going to be helping with a

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Speaker 1: hand from our friend Glenn James.

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Speaker 2: High Glenn, welcome to the show.

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Speaker 4: Hello.

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Speaker 1: We're going to be answering some juicy money questions which

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Speaker 1: this week. We have no idea what they're about. Anna

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Speaker 1: Lisa's just going to drop them in and surprise.

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Speaker 4: Us with them.

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Speaker 1: So before we get there, first, let's recap the week

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Speaker 1: that was Miss Jess Garci, who looks wildly underprepared because

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Speaker 1: she thought I wouldn't be so speedy with this intro.

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Speaker 2: What happened this week on Money Diary.

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Speaker 5: This week's Money Diarist and a little content warning here,

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Speaker 5: we're going to talk about assault was a little heavy one,

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Speaker 5: but I think it was really important and we got

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Speaker 5: some great feedback because our diarist was unfortunately the victim

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Speaker 5: of a crime, which is really really horrible. But she

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Speaker 5: spoke about some resources that are available in some financial

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Speaker 5: aid that is available to people who do undergo crimes

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Speaker 5: and assaults things like that to help you get your

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Speaker 5: life back on track. So I think she said she

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Speaker 5: used it in the interim she was at UNI and working,

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Speaker 5: and obviously when you go through a trauma, you can't

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Speaker 5: just kind of pick up your life and go about

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Speaker 5: as you need that. No, you need time and you

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Speaker 5: need to be able to look after yourself. So she

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Speaker 5: spoke about that resource. And we had a DM from

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Speaker 5: a girl this morning actually who said, I didn't know

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Speaker 5: that was a thing, and I have recently been a victim.

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Speaker 5: Thank you so much because I'm going to go look

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Speaker 5: into that.

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Speaker 2: I was so worth it, even for just her, And that's.

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Speaker 5: The thing, Like, it was so powerful. It was something

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Speaker 5: that I didn't know exist cit either. So I'm so

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Speaker 5: grateful to her for being so open and willing to

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Speaker 5: share about something that would have been incredibly difficult to share.

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Speaker 1: It was really kind the trust she had in our

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Speaker 1: community to share such I guess an intimate story that's

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Speaker 1: just really special.

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Speaker 5: Yeah, and it's already had an impact on someone, so

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Speaker 5: she can feel good knowing that she did that, which

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Speaker 5: is amazing.

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Speaker 2: Week off to a very good start, jess. I.

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Speaker 6: It's funny because I knew that I was going to

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Speaker 6: come in and have a drinks. I'm like, oh, maybe

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Speaker 6: I should listen to.

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Speaker 2: The would have money really good research.

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Speaker 6: Yeah that's right, because I'm very prepared. But I saw

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Speaker 6: the topic and I saw the warning and I actually

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Speaker 6: didn't listen to it. But I would say for someone

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Speaker 6: to share around that topic publicly, that's just amazing because

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Speaker 6: for me personally, it's it really affects me and I

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Speaker 6: don't know why.

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Speaker 4: But I can't just.

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Speaker 2: Assume that content in an easy way.

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Speaker 6: All that to say, and I'm getting weird talking about it, Like,

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Speaker 6: I think you're a champion for coming in and sharing

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Speaker 6: that story and if it does encourage other people to

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Speaker 6: speak out or whatever, Yeah, it's just wild.

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Speaker 2: That's so important.

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Speaker 1: It's also why we always like to make sure we're

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Speaker 1: super clear with our content and trigger warnings, because money

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Speaker 1: diaries can get really deep, really quickly, because we're asking, well,

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Speaker 1: what's your money story, what's your background? Tell us about you,

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Speaker 1: share your story and your journey. And when we organized

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Speaker 1: this money diary, we found ourselves in a position where

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Speaker 1: we didn't actually know that was part of her money

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Speaker 1: story until we started talking to her and learning a

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Speaker 1: bit about her and we were talking about debt and

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Speaker 1: how she got out of that debt, and she was like, oh,

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Speaker 1: well actually, And it was really nice that she was

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Speaker 1: so open and honest, and we obviously go back and

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Speaker 1: add the warnings, but there are heaps of people like

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Speaker 1: you were like, oh, look, I really know that this

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Speaker 1: is important. I so support it, but right now I'm

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Speaker 1: on my commute to work. I don't have the capacity

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Speaker 1: to carry that load right now and I think that's

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Speaker 1: totally okay.

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Speaker 4: Yeah, so good on you money dires.

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Speaker 2: But let's move on.

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Speaker 1: That was a very good start to the week, Miss Jessicaraci,

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Speaker 1: Geking on TUA, Who's I guess on tour?

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Speaker 2: You're coming in remote from COVID central. This is so weird.

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Speaker 7: I'm in isolation because Harts has COVID again twice in

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Speaker 7: three mice. Also, be careful out there, everyone, I'm lucky.

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Speaker 2: Here, should go buy a lotto ticket? Well, I mean,

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Speaker 2: Georgia King. What happened on our Wednesday deep dive?

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Speaker 7: So on Wednesday V we went deep into ethical investing,

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Speaker 7: so we spoke about what it is, how to do it,

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Speaker 7: and why, Like what is ethical to one person isn't

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Speaker 7: necessarily ethical to another. So we have done an episode

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Speaker 7: on this before, so it was it was nice to

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Speaker 7: go back into it because we still had so many

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Speaker 7: questions and hopefully in this episode we answered them.

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Speaker 1: We will continue to flog the dead horse, which is

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Speaker 1: ethical investing. I'm not going to get off that high

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Speaker 1: horse either, dead horse high horse. I think I meant

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Speaker 1: something different. We're going to move on, but Glenn James,

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Speaker 1: you've joined us to hang out on the Friday Drinks

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Speaker 1: episode because you're in Melbourne and we're like, well we're

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Speaker 1: recording our pod, you may as well come whatever. But

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Speaker 1: those of you who don't know Glenn, James heat runs

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Speaker 1: My Millennial Money, an equally good questionable money podcast. But Glenn,

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Speaker 1: when it comes to ethical investing, what's your stance?

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Speaker 4: Yeah?

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Speaker 6: I think Georgia you said it perfect. I'm looking at

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Speaker 6: her and she's not looking at me, but whatever she's looking,

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Speaker 6: it's really important to understand. And this is the trouble

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Speaker 6: I have, Like with our group of people, what is

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Speaker 6: ethical to you might not be ethical to somebody else.

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Speaker 6: And you know, would you rather invest in a coal

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Speaker 6: mining company or a bank or a big social network

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Speaker 6: that minds data with a blue logo. I mean, you've

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Speaker 6: just got to make that choice based on your own values.

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Speaker 6: But I will say, you know, the more you screen,

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Speaker 6: the less options you will end up having. So there's

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Speaker 6: got to be this tipping point. And actually I should

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Speaker 6: introduce you. We had a guest on our show, Kate

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Speaker 6: Howard from Fidelity, and they took a different view with

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Speaker 6: this whole thing, and they were talking about this impact

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Speaker 6: investing and they had the view that look, we represent

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Speaker 6: a lot of money, so we want to actually lean

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Speaker 6: into these companies and have a seat at the boardroom

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Speaker 6: table to say no, we still want to invest with

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Speaker 6: your company. You need to make these changes all will

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Speaker 6: take our money elsewhere.

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Speaker 4: So I love that.

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Speaker 6: It's a really good view that, Yeah, we just need

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Speaker 6: to be more understanding about what it is. I used

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Speaker 6: to think mining equals bad, equals unethical, but no, you

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Speaker 6: need to mine stuff to make steel to put in

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Speaker 6: wind turbines, for example, So yes, fossil fuel burning equals bad,

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Speaker 6: that mining doesn't necessarily equal bad.

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Speaker 1: Yeah, So I think it's all about education and understanding it. Yes,

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Speaker 1: I would, by the way, than introduction and we'll get

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Speaker 1: them on the show and have a chat about that,

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Speaker 1: because that episode had so much feedback and just so

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Speaker 1: much chatter surrounding it of people having further questions, and

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Speaker 1: I just think it's not a conversation we're done having.

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Speaker 5: Ethinic also really big umbrella term as well, and you

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Speaker 5: guys break down on that podcast ethical versus sustainable versus impact,

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Speaker 5: because I think people often confuse the three and think

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Speaker 5: that ethical lenders must be all of it, when actually

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Speaker 5: it's like a facet of you know, the different ways

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Speaker 5: that you can structure your portfolio in line with your value.

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Speaker 5: So while with a listen, I found that one really

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Speaker 5: interesting personally.

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Speaker 1: And Glenn, I know you didn't listen to it because

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Speaker 1: you don't need to listen to our episodes. But we

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Speaker 1: also spoke about like greenwashing and you know how spicy

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Speaker 1: that can be. And Glenn and I we have lots

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Speaker 1: of offline conversations sending screenshots back and forth of different

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Speaker 1: companies who are saying things that we're like, ah, that's

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Speaker 1: a little bit off, but whatever. Greenwashing is such a

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Speaker 1: massive thing in that space. And what I said on

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Speaker 1: the podcast was that it's not like the organic sticker

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Speaker 1: where you go into the supermarket and there's a little

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Speaker 1: organic sticker on the apple and you know that it's

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Speaker 1: GMO certified and all of these other things because it's

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Speaker 1: met the criteria in Australia to be an organic apple,

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Speaker 1: Whereas with an ethical platform, it's like they can use

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Speaker 1: whatever words they want. There's actually no criteria that globally

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Speaker 1: they need to meet unless you're looking at things that

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Speaker 1: are ESG and ESG is a completely different Paul game. Again,

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Speaker 1: So ethical is your personal point of view, whereas ESG

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Speaker 1: is a genuine form of investing where they have to

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Speaker 1: meet criteria, but most investors just don't know that.

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Speaker 6: Yeah, and I think it's important to understand that as

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Speaker 6: time goes on, green washing will become less and less

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Speaker 6: because we the people, will just see right through it

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Speaker 6: and it goes to all facets of marketing, right. Like

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Speaker 6: I was at the supermarket the other day and I

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Speaker 6: saw like some sausages and it's just like gluten free.

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Speaker 4: It's like, well, no, they're all gluten free anyway.

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Speaker 2: Because they're not because they're made with bread crumbs.

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Speaker 4: Sausages. Yes, what part of the sausages.

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Speaker 2: Like the in the meat?

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Speaker 6: Like I talked to the butcher and he said, all

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Speaker 6: our sausages we make, okay.

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Speaker 2: Sometimes they have gluten in them.

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Speaker 1: Somebody who has the Celiac in the family and usually

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Speaker 1: eats gluten free. I promise, I'm not even buying sausages.

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Speaker 1: I'm a little I don't even meat.

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Speaker 2: I don't know why.

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Speaker 6: Out it'd be like seeing an advertisement on a bottle

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Speaker 6: of water to say it's vegan. Like it gets to

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Speaker 6: the point where it's like taking a sauce. Kaigan has

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Speaker 6: read that water is vegan and gluten free.

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Speaker 5: They're just trying to appeal to people because they know

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Speaker 5: that people are now prioritizing global issues and they're trying

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Speaker 5: to appeal to that conception.

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Speaker 2: I think they're taking advantage of that. Then. Yeah, but this.

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Speaker 6: Is like all right, Georgia, hello, just to bring you

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Speaker 6: back in. This is the thing where like the marketing

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Speaker 6: team and hello to all the marketers, you do wonderful things.

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Speaker 4: Like this is.

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Speaker 6: Where like the marketing team could get involved with something

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Speaker 6: to sell it externally and maybe not represent what's actually

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Speaker 6: going on.

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Speaker 4: Spicy, I don't know, like and so.

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Speaker 6: You take something like the bottle of water that we

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Speaker 6: know is inherently vegan, Well, the marketing team might get

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Speaker 6: involved to go, let's market this water as vegan.

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Speaker 7: But to their credit, that's genius. Like until tighter regulations

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Speaker 7: are put down on this stuff like gophy life, I think,

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Speaker 7: and we just have to use our kind of consumer

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Speaker 7: knowledge and now kind of that's through the bullshit.

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Speaker 2: Next week on She's on the money, We're going to

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Speaker 2: be sponsored by Georgia's new water brand Water.

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Speaker 6: So for example, we know categorically if you'll got the

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Speaker 6: b CORP certification, like you've done a lot of work

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Speaker 6: in the background. Yeah, so I think it is knowing

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Speaker 6: those trusted certifications that aren't rubbish.

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Speaker 2: Yeah, absolutely absolutely.

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Speaker 1: Let's move on from here though, because they don't want

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Speaker 1: to get too deep, because I do have a really

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Speaker 1: big content piece that I want to discuss, which has

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Speaker 1: been going very well online recently. I feel like people

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Speaker 1: are up in arms. In fact, someone DMed me this

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Speaker 1: morning about it and they were like, I just need

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Speaker 1: to tell my finance mum about this, And I was like, girl,

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Speaker 1: if you tell me, I hold a grudge. Like you

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Speaker 1: can't tell your finance mum something and then have them

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Speaker 1: forget about it later. Don't come back to me and

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Speaker 1: say that you like this person now she's been written off.

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Speaker 1: That's how it works when you tell your mum things.

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Speaker 1: But moving on to the community again, Georgia King, we

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Speaker 1: would love to know what are the top money wins

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Speaker 1: that you've pulled from the group this week.

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Speaker 7: All right, We've got a few this week, guys. I'm

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Speaker 7: very excited that Glenn James is here for this part

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Speaker 7: of the show as well.

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Speaker 1: I'm gonna bit worried about what his feedback on your

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Speaker 1: money wins might be guys.

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Speaker 7: What if it's that I actually did see in the

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Speaker 7: list of money wins someone received Glenn James's book, but

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Speaker 7: I was like, don't put that in Georgie's The Enemy's Competition.

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Speaker 2: So a bit awkward.

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Speaker 7: Now, all right, let's get into it, guys. The first

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Speaker 7: win of the week is from Jonah. I was looking

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Speaker 7: into buying tiles to update the kitchen and bathrooms in

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Speaker 7: my investment property. However, coincidentally, my neighbor was giving away

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Speaker 7: heaps of boxes of tiles for free on her nature strip.

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Speaker 7: The tiles of the style I was looking for and

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Speaker 7: in the exact quantity I needed.

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Speaker 2: How perfect manifested it? Jess we don't know how good

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Speaker 2: to be. I will fight you. Do you want to down, fir?

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Speaker 4: Sit down? All right?

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Speaker 2: Sit down, don't stand up?

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Speaker 5: Name me an item. I will find it. I will

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Speaker 5: manifest it on market place.

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Speaker 6: Okay, well, we'll mark this right now that I will

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Speaker 6: have a manifesting debate with Jessica Richie.

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Speaker 2: And time and a plan I have to say, Jessica Riach.

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Speaker 7: The next thing, guys, comes from Angie. Today, I ticked

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Speaker 7: over sixty thousand dollars in my house deposit fund.

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Speaker 2: Which I've been saving on my own.

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Speaker 7: Since I got more serious about saving after divorcing my ex.

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Speaker 7: I've managed to save thirty five thousand dollars in the

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Speaker 7: last two and a half years. With my current projections,

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Speaker 7: by the end of next year, I'll have eighty thousand

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Speaker 7: dollars for a house deposit and can join forces with

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Speaker 7: my partner to hopefully buy my first home and his second.

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Speaker 2: Good on you, Angie, Yes, Queen, I love that.

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Speaker 1: I also loved that she's like I kicked my ex

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Speaker 1: to the curb and now I am flourishing.

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Speaker 2: Yes.

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Speaker 7: The next thing is from Kiara. I found an old

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Speaker 7: birthday card from my twenty first which was three years ago,

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Speaker 7: and I didn't realize at the time, but hidden behind

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Speaker 7: a few photos of my friend and I was actually

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Speaker 7: of fifty dollar Bras and Things gift voucher which doesn't

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Speaker 7: expire until November this year.

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Speaker 2: Money actual win. Guys. We love brass are so expensive,

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Speaker 2: don't you think, Glenn?

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Speaker 4: I do think, and I do.

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Speaker 2: Oh, let's not go.

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Speaker 5: I don't want any more information, please, I keep going O.

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Speaker 2: Thanks though. The next week is from Olivia.

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Speaker 7: I resigned from my job of three and a half

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Speaker 7: years for various reasons, including not feeling valued. I started

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Speaker 7: training my replacement, and four days into that training, she

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Speaker 7: decided the role wasn't for her. Rough I had three

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Speaker 7: days left of my notice period and four weeks until

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Speaker 7: I started my new job, so I offered to still

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Speaker 7: assist in my old role and train the next replacement.

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Speaker 4: Me.

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Speaker 7: In doing so, I negotiated a pay rate of double

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Speaker 7: my usual rate for any work I do within business

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Speaker 7: hours and triple my old rate outside of business hours.

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Speaker 7: I'll keep on doing this work until I start my

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Speaker 7: new role.

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Speaker 2: Yeah, that makes sense. Was convoluted, No, it made sense.

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Speaker 1: It made sense, And I've actually had this conversation recently

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Speaker 1: with someone who has asked to work for their old employer.

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Speaker 1: I was like, okay, cool, but they don't just get

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Speaker 1: to divide your annual past income and pay you that rate. Like,

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Speaker 1: go find what a freelancer who would do that rate

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Speaker 1: would look like and charge that because you're freelancing, Like,

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Speaker 1: this is how it works. You shouldn't be just paid

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Speaker 1: your old stuff. You absolutely should have argued that, And

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Speaker 1: I think that's primo.

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Speaker 2: Very clever.

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Speaker 7: From Olivia, Well done, girl. On the next win is

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Speaker 7: from Carlos whilst religiously investing over the past year. I'm

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Speaker 7: getting paid a few hundred dollars in dividends this month.

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Speaker 2: V That's what we talked about last week. Does that

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Speaker 2: feel We love it? The money that your money made.

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Speaker 4: Yes.

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Speaker 7: Our final win for today, guys, is from Rachel. Massive

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Speaker 7: money win. I discovered by accident that I was eligible

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Speaker 7: for the higher rate of childcare subsidy for my youngest

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Speaker 7: who is at daycare five days a week. We are

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Speaker 7: now saving one hundred and twenty dollars a week and

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Speaker 7: I'm adding the savings to paying off my personal loan,

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Speaker 7: and that's four hundred and eighty dollars extra months to

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Speaker 7: put towards the loan.

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Speaker 2: I love that. That's so much money.

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Speaker 1: If I knew how to check that, I would tell you, guys,

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Speaker 1: but if you do have childcare, I'd be looking into

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Speaker 1: whether you are paying the right amount or not because

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Speaker 1: that sounds like a massive money win.

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Speaker 2: One hundred percent. That's all I've got for you this week, guys. Exciting.

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Speaker 1: Well, let's throw to a really quick break because it

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Speaker 1: turns out we do need to get paid, and when

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Speaker 1: we come back, we are going to be talking about

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Speaker 1: a spicy credit card, an influencer has decided to make

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Speaker 1: for us. All right, we are back, Jessica. You have

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Speaker 1: brought to the table this week the content that we

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Speaker 1: would like to talk about.

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Speaker 4: It's what we're here for.

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Speaker 1: We are here for the content. We are here for

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Speaker 1: the drama. And this week it was announced that what

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Speaker 1: I would say is a scandal ridden influencer has decided

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Speaker 1: to partner with a credit card company.

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Speaker 2: Is that right? What have you got for us?

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Speaker 3: So?

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Speaker 5: Danielle Bernstein, who is a blogger or an influencer, She

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Speaker 5: originally had a blog called we Wore What, very very popular.

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Speaker 5: She's moved on and done a whole bunch of collaborations.

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Speaker 5: I believe she has her own clothing line now and

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Speaker 5: the headline runs Daniel Bernstein is launching a we Wore

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Speaker 5: What credit card. So we of course saw this and well,

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Speaker 5: like excuse me.

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Speaker 1: My dms have been absolutely blowing up about these articles

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Speaker 1: about this credit card and on face value, because usually

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Speaker 1: I read my Instagram messages when I'm on the go,

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Speaker 1: like I was reading them on the tram and I

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Speaker 1: was trying to work out what they were. I didn't

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Speaker 1: have time to read the full articles, and I was like,

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Speaker 1: oh my gosh, and influencer launching her credit card.

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Speaker 2: How irresponsible. This is wild.

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Speaker 1: So we did a bit of digging before we posted

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Speaker 1: about it on our own socials because you didn't want

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Speaker 1: to jump too many conclusions. And jeffs, it's not a

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Speaker 1: credit card.

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Speaker 4: Is it.

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Speaker 5: It's not. So it is through Visa, which obviously do

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Speaker 5: have credit cards, but it's actually a pre paid card, so.

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Speaker 2: Kind of like a gift card.

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Speaker 4: Nope, Glee Jans, can I correct you and you can

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Speaker 4: edit this out?

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Speaker 2: Please feel free.

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Speaker 6: So Visa do not actually have credit cards. They are

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Speaker 6: the payment gateway in the payment service.

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Speaker 2: That facilitates its excellent stay in that. Yeah, that's not

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Speaker 2: a bad thing.

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Speaker 1: Visa and MasterCard are the payment terminals, and then you

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Speaker 1: can have a Visa credit card, but it would be

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Speaker 1: hosted by somebody else.

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Speaker 5: Yeah, so you can have credit cards with Visa, which

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Speaker 5: I think is where all of these headlines kind of

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Speaker 5: came from.

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Speaker 1: But people are assuming as well. I think it's a

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Speaker 1: lack of financial literacy in a way for people to

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Speaker 1: just be like card credit card, ding ding ding, that's

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Speaker 1: the answer. And I mean it's arguably the headline that's

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Speaker 1: going to sell you know, the newspapers, Not that anyone

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Speaker 1: buys newspapers. Yeah, No, one's going to pick it up

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Speaker 1: and be like influencer launches financially responsible charge card.

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Speaker 2: That's not going to happen. Like this card.

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Speaker 1: We've looked into it. You can only spend what you've

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Speaker 1: loaded the card with.

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Speaker 5: Yeah, so it's prepaid, and the whole idea is that

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Speaker 5: there will be a bunch of perks available to users

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Speaker 5: that wouldn't be available otherwise, and that's the incentive. But

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Speaker 5: it's a really interesting crossover to see because this is

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Speaker 5: obviously a really large corporation in the finance space testing

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Speaker 5: the waters to see how much influence and influencer has.

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Speaker 5: And we were just saying before you know, two point

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Speaker 5: eight million followers, like she is arguably a real full

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Speaker 5: blown influencer.

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Speaker 1: Yeah, she's legit. According to Glenn James. You've got the

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Speaker 1: Glenn James tick of approval. That's better than the IG one.

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Speaker 2: Yeah.

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Speaker 6: I rate this chick. She's got like a philanthropy thing.

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Speaker 5: Well, before you say that, she has spicy, spicy.

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Speaker 4: She's riddled in scandals.

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Speaker 2: She's controversial.

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Speaker 5: I wouldn't go that far, but she has come under

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Speaker 5: fire in the past, I said before, she has a

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Speaker 5: clothing brand, and she's been called out for copying smaller

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Speaker 5: businesses and ripping off their designs.

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Speaker 2: So we do not stand.

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Speaker 5: No, we do not stand. To be clear, we haven't

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Speaker 5: looked too far into that side of things.

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Speaker 1: I did a little bit of research before, and there

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Speaker 1: are a few things where there's like Prince side by

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Speaker 1: side and they're almost identical. And I also found the

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Speaker 1: content where a lot of TikTokers were comparing her stuff

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Speaker 1: to small businesses on Etsy, and yeah, it was I

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Speaker 1: would say, pretty identical. She No, she's from New York City.

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Speaker 5: There's so much money being poured into this, and I

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Speaker 5: would be interested to know what they're kind of looking for.

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Speaker 5: Are they looking for her to convert new people to

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Speaker 5: this card or are they looking to retain people?

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Speaker 1: So I looked into it, and there's obviously always an

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Speaker 1: ulterior motive when it comes to anything in business, right

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Speaker 1: in the ulterior.

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Speaker 2: Mode, Yeah, it's.

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Speaker 1: It's but that's it, right, Like someone somewhere, somehow has

439
00:20:29,760 --> 00:20:32,439
Speaker 1: to be making money, otherwise what's the point of the collaboration.

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Speaker 1: There's a lot behind it, and that makes sense. Everybody

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Speaker 1: should get paid. I don't think that's a bad thing,

442
00:20:37,720 --> 00:20:41,879
Speaker 1: but I think we should be transparent about that. So Imprint,

443
00:20:41,920 --> 00:20:45,000
Speaker 1: who is the company who are facilitating that card? So

444
00:20:45,080 --> 00:20:48,520
Speaker 1: as Glenn was saying before, Visa are the payment terminal,

445
00:20:48,640 --> 00:20:51,800
Speaker 1: Imprint is the company issuing the card or issuing the

446
00:20:51,880 --> 00:20:54,879
Speaker 1: Visa card. And they have said things like no, the

447
00:20:54,920 --> 00:20:57,399
Speaker 1: card can't affect your credit score or put any of

448
00:20:57,440 --> 00:20:59,320
Speaker 1: the users in debt, which I really.

449
00:20:59,160 --> 00:21:01,760
Speaker 2: Like because it is a basically it's a debit card.

450
00:21:01,760 --> 00:21:04,119
Speaker 1: It's an American debit card, so you put money on it,

451
00:21:04,160 --> 00:21:06,920
Speaker 1: you can spend your own money, which is quite responsible,

452
00:21:06,960 --> 00:21:09,600
Speaker 1: and you still get all of those benefits, which could

453
00:21:09,640 --> 00:21:13,560
Speaker 1: be really nice, especially if you really align to her brand. However,

454
00:21:14,600 --> 00:21:18,360
Speaker 1: Danielle has come out recently, especially after getting a whole

455
00:21:18,400 --> 00:21:22,480
Speaker 1: heap of backlash about her quote super cool card. Daniel's

456
00:21:22,480 --> 00:21:24,240
Speaker 1: come out and said, I don't make money from the

457
00:21:24,280 --> 00:21:27,840
Speaker 1: card directly, but I will make a profit quote based

458
00:21:27,840 --> 00:21:30,920
Speaker 1: on the product sales that that we will want Visa

459
00:21:31,000 --> 00:21:35,000
Speaker 1: card facilitates, So that could be massive. So is that

460
00:21:35,160 --> 00:21:38,800
Speaker 1: like saying I might get like one percent or it's

461
00:21:39,080 --> 00:21:41,439
Speaker 1: probably way way, way less than one percent one percent

462
00:21:41,480 --> 00:21:44,080
Speaker 1: of every sale that happens on one of those cards.

463
00:21:44,119 --> 00:21:47,600
Speaker 6: So this is how I read it, right, So headline is,

464
00:21:48,080 --> 00:21:50,439
Speaker 6: hey everyone, I've got a prepaid gift card with my

465
00:21:50,520 --> 00:21:53,679
Speaker 6: brand on it now number two, So like it's no

466
00:21:53,800 --> 00:21:56,520
Speaker 6: different than Westfield having a prepaid gift card, right, so

467
00:21:56,600 --> 00:22:00,960
Speaker 6: it's their brand on it. She's obviously gone like because

468
00:22:01,040 --> 00:22:02,960
Speaker 6: you could go to a master Card, right or Visa

469
00:22:03,000 --> 00:22:05,840
Speaker 6: and say, hey, we've got this distribution. We can use

470
00:22:05,840 --> 00:22:08,920
Speaker 6: this card, because I think it's important to understand how

471
00:22:09,040 --> 00:22:11,840
Speaker 6: it all works in the background. So if you go

472
00:22:11,880 --> 00:22:15,560
Speaker 6: and use your Tap and go card with Visa or

473
00:22:15,760 --> 00:22:20,400
Speaker 6: mask card, the merchant fee, so Visa or master Card

474
00:22:20,400 --> 00:22:21,760
Speaker 6: will charge the merchant fee.

475
00:22:21,840 --> 00:22:22,600
Speaker 4: It's quite small.

476
00:22:22,640 --> 00:22:24,800
Speaker 6: We know Amex is a big fee because they charge

477
00:22:24,840 --> 00:22:26,400
Speaker 6: people extra, right.

478
00:22:26,520 --> 00:22:28,960
Speaker 1: And that's why so many places will say no Amex.

479
00:22:29,000 --> 00:22:31,080
Speaker 1: It's not because they can't process it. It's because it

480
00:22:31,119 --> 00:22:33,480
Speaker 1: costs that business so much to process that I.

481
00:22:33,400 --> 00:22:36,320
Speaker 6: Would I can't imagine there would be a percentage twenty

482
00:22:36,400 --> 00:22:40,640
Speaker 6: thirty percent of the Visa merchant fee that Visa gets

483
00:22:40,760 --> 00:22:42,080
Speaker 6: that they'd be passing on to her.

484
00:22:42,080 --> 00:22:45,600
Speaker 1: Which I think is kind of fair. Like it's quite transparent.

485
00:22:45,640 --> 00:22:47,320
Speaker 1: It's like, well, if this doesn't work. You don't get

486
00:22:47,359 --> 00:22:48,880
Speaker 1: paid if people aren't using the card.

487
00:22:48,920 --> 00:22:51,240
Speaker 4: Additional cost to the consumer.

488
00:22:51,400 --> 00:22:53,840
Speaker 1: Which is the main point here, Like you can have

489
00:22:53,960 --> 00:22:56,040
Speaker 1: this card with their benefits, it's probably not going to

490
00:22:56,119 --> 00:22:59,359
Speaker 1: cost you anymore than having a regular Imprint card. But

491
00:22:59,440 --> 00:23:02,320
Speaker 1: I think the spicy part and why people have basically

492
00:23:02,480 --> 00:23:05,879
Speaker 1: jumped down her throat so quickly, is her rocky past,

493
00:23:06,359 --> 00:23:08,399
Speaker 1: like the fact that she hasn't been the most upfront

494
00:23:08,400 --> 00:23:11,560
Speaker 1: when it comes to you know, business previously, Like she's

495
00:23:11,600 --> 00:23:14,679
Speaker 1: obviously breached a couple of trademark things and gone about

496
00:23:14,840 --> 00:23:17,480
Speaker 1: copyright infringement in a not so good way. And a

497
00:23:17,480 --> 00:23:19,800
Speaker 1: lot of people are jumping up and down, and they're like, Ah,

498
00:23:19,800 --> 00:23:21,920
Speaker 1: she's a scammer, she's not a good person. We shouldn't

499
00:23:21,960 --> 00:23:24,840
Speaker 1: trust her with our financial information. But I think the

500
00:23:24,880 --> 00:23:27,760
Speaker 1: important thing there, and I obviously haven't read their pds,

501
00:23:28,080 --> 00:23:31,040
Speaker 1: but I would make a grand assumption that there's no

502
00:23:31,240 --> 00:23:34,760
Speaker 1: way that she she's like the face of the card,

503
00:23:34,880 --> 00:23:37,120
Speaker 1: she's like the model on the front. There's no way

504
00:23:37,200 --> 00:23:40,240
Speaker 1: she would be given your financial information that would stay

505
00:23:40,240 --> 00:23:42,840
Speaker 1: with Imprint and Visa, Like I really doubt that that

506
00:23:42,920 --> 00:23:46,040
Speaker 1: would go further and be supplied unless it's some kind

507
00:23:46,080 --> 00:23:47,600
Speaker 1: of like, oh, if they sign up, you get their

508
00:23:47,640 --> 00:23:50,199
Speaker 1: email to add to their marketing list, which would be

509
00:23:50,400 --> 00:23:52,640
Speaker 1: a really good way of you know, working out who

510
00:23:52,680 --> 00:23:54,040
Speaker 1: to market to, et cetera.

511
00:23:54,480 --> 00:23:56,160
Speaker 2: But I do think it's quite spicy.

512
00:23:56,200 --> 00:23:58,959
Speaker 1: But it's definitely not as spicy as all of the

513
00:23:58,960 --> 00:24:00,520
Speaker 1: headlines are telling it is.

514
00:24:00,640 --> 00:24:03,440
Speaker 6: Yeah, I'm just looking at the Instagram ad like they've

515
00:24:03,440 --> 00:24:06,960
Speaker 6: got a heap of brands promoted. I would imagine so,

516
00:24:07,080 --> 00:24:12,280
Speaker 6: for example, if she brought somebody in her audience with

517
00:24:12,400 --> 00:24:16,200
Speaker 6: that visa card or that prepaid card to a certain brand,

518
00:24:17,440 --> 00:24:19,840
Speaker 6: they would probably be able to track that you use

519
00:24:20,200 --> 00:24:23,720
Speaker 6: this payment method to buy this pair of shoes, for example,

520
00:24:24,400 --> 00:24:28,480
Speaker 6: she may get a commission now and all that work right,

521
00:24:28,560 --> 00:24:34,240
Speaker 6: So it's we're bringing people aka buying power to your brand.

522
00:24:34,560 --> 00:24:37,560
Speaker 6: We want a benefit to bring those people. So and

523
00:24:37,640 --> 00:24:41,960
Speaker 6: but you know, million followers, this is big business everyone like, make.

524
00:24:41,840 --> 00:24:42,800
Speaker 2: No mistakes, not little.

525
00:24:42,840 --> 00:24:45,000
Speaker 1: Even though she's getting all this backlash, it could be

526
00:24:45,040 --> 00:24:47,600
Speaker 1: a really good thing for her. And in their press

527
00:24:47,640 --> 00:24:50,960
Speaker 1: statement it actually says, to further your point, Glenn, we

528
00:24:51,000 --> 00:24:54,400
Speaker 1: wore what customers benefit from POINTE best in class rewards

529
00:24:54,440 --> 00:24:57,439
Speaker 1: by offering cardholders ten percent back when they shop with

530
00:24:57,560 --> 00:24:59,960
Speaker 1: we wore what because she obviously has her own shop

531
00:25:00,200 --> 00:25:03,240
Speaker 1: facility online. Then if it's a brand partner, they get

532
00:25:03,280 --> 00:25:05,719
Speaker 1: five percent back and you'll get one percent back if

533
00:25:05,760 --> 00:25:08,720
Speaker 1: it's everywhere else, So it's not unlike a shop back

534
00:25:08,760 --> 00:25:11,080
Speaker 1: where they're getting it back. But I would be interested

535
00:25:11,160 --> 00:25:13,959
Speaker 1: to see if above and beyond that merchant fee, if

536
00:25:14,000 --> 00:25:17,080
Speaker 1: she's getting part of that, what type of partner benefit

537
00:25:17,200 --> 00:25:20,040
Speaker 1: is she getting, Like are they splitting that referral fee

538
00:25:20,320 --> 00:25:23,400
Speaker 1: because they're saying rewards are immediately available and it redeemed

539
00:25:23,400 --> 00:25:26,800
Speaker 1: interchangeably across brand partners. Kind of cool, but that must

540
00:25:26,880 --> 00:25:29,439
Speaker 1: mean that there's another facility over the top of that

541
00:25:29,520 --> 00:25:31,280
Speaker 1: to track that reward system.

542
00:25:31,560 --> 00:25:33,760
Speaker 4: Yeah, and this is it like convolution.

543
00:25:33,840 --> 00:25:36,320
Speaker 6: She's not doing it for free, as nice as she is,

544
00:25:36,440 --> 00:25:38,480
Speaker 6: and maybe she does offset some of this stuff by

545
00:25:38,480 --> 00:25:42,520
Speaker 6: having the philanthropy. I can't say that word philanthropy.

546
00:25:42,080 --> 00:25:45,399
Speaker 1: For someone who's such a philanthropist. I'm very surprised that

547
00:25:45,480 --> 00:25:45,879
Speaker 1: you can't.

548
00:25:45,960 --> 00:25:50,360
Speaker 4: I'm just a given particulate. Yeah, nice, but no one

549
00:25:50,359 --> 00:25:52,520
Speaker 4: does anything out of the goodness of their heart like

550
00:25:53,280 --> 00:25:53,520
Speaker 4: I do.

551
00:25:53,600 --> 00:25:56,480
Speaker 6: A podcast it's free to listen to, Yes, it is

552
00:25:56,600 --> 00:25:58,119
Speaker 6: out the goodness of my heart that I wouldn't be

553
00:25:58,200 --> 00:25:59,960
Speaker 6: doing it for two long follls and getting paid.

554
00:26:00,080 --> 00:26:01,440
Speaker 2: Yeah, because it's unsustainable.

555
00:26:01,760 --> 00:26:03,760
Speaker 1: Like I started mine and I was like, you know what,

556
00:26:03,800 --> 00:26:06,520
Speaker 1: this is going to be twelve episodes of quality content

557
00:26:06,680 --> 00:26:08,480
Speaker 1: because I want to put it out there for the best.

558
00:26:09,040 --> 00:26:12,040
Speaker 1: I don't have time or capacity because I need to, say,

559
00:26:12,080 --> 00:26:13,480
Speaker 1: for a house, and I need to do all these

560
00:26:13,520 --> 00:26:16,920
Speaker 1: other things. It's it's great that it's now commercialized, but yeah,

561
00:26:16,960 --> 00:26:18,840
Speaker 1: it's not. I've got to pay yess, I've got to

562
00:26:18,840 --> 00:26:21,600
Speaker 1: pay George, Like the only guys are changing.

563
00:26:21,680 --> 00:26:26,800
Speaker 6: That's slippery slope with this, Is it encouraging people to

564
00:26:26,920 --> 00:26:31,879
Speaker 6: spend more on stuff they technically wouldn't need otherwise.

565
00:26:31,760 --> 00:26:34,320
Speaker 1: Because that's the whole No, I reckon that that's the

566
00:26:34,359 --> 00:26:37,040
Speaker 1: slippery slope that they are going down, because you'd want

567
00:26:37,040 --> 00:26:38,280
Speaker 1: to be buying things online.

568
00:26:38,280 --> 00:26:40,840
Speaker 2: But if you already frequent those places and it's your.

569
00:26:40,760 --> 00:26:43,560
Speaker 1: Own money, I'm kind of like, well, maybe I don't

570
00:26:43,560 --> 00:26:44,360
Speaker 1: even know if there's.

571
00:26:44,160 --> 00:26:44,679
Speaker 4: A sign up.

572
00:26:44,680 --> 00:26:48,440
Speaker 6: I don't know anything about this influencer until I walked

573
00:26:48,440 --> 00:26:51,840
Speaker 6: in here ten minutes ago. But I think probably looking

574
00:26:51,920 --> 00:26:54,000
Speaker 6: at it more, it probably is more of a buying

575
00:26:54,040 --> 00:26:56,960
Speaker 6: power play like the shot back and the cash rewards

576
00:26:57,320 --> 00:27:00,679
Speaker 6: vibe as opposed to the visa merchants split, but we

577
00:27:00,840 --> 00:27:01,359
Speaker 6: just don't know.

578
00:27:01,600 --> 00:27:04,440
Speaker 1: It does inspire me though, to look into ways where

579
00:27:04,440 --> 00:27:06,840
Speaker 1: could get a shees on the money card to inspire

580
00:27:06,880 --> 00:27:08,679
Speaker 1: people to be smarter with their money.

581
00:27:09,000 --> 00:27:09,960
Speaker 2: How cool would that be?

582
00:27:10,520 --> 00:27:13,159
Speaker 1: You're like at the checkout and you see someone without

583
00:27:13,160 --> 00:27:15,720
Speaker 1: a peachy little card. It it be like twenty ten

584
00:27:15,800 --> 00:27:17,840
Speaker 1: and everyone's like, oh my god, are you with IRONNG

585
00:27:19,520 --> 00:27:21,520
Speaker 1: used to see people with their little stickers that would

586
00:27:21,560 --> 00:27:23,200
Speaker 1: say splurge or spend.

587
00:27:23,440 --> 00:27:26,000
Speaker 5: Yeah, all those people who get those covers for their

588
00:27:26,000 --> 00:27:27,440
Speaker 5: cards with Terry CRUs on it.

589
00:27:27,359 --> 00:27:28,960
Speaker 2: Oh my god, spend money.

590
00:27:29,800 --> 00:27:31,640
Speaker 5: But I think ultimately it's going to be in how

591
00:27:31,680 --> 00:27:34,240
Speaker 5: this card is marketed, because you know, she could just

592
00:27:34,240 --> 00:27:36,520
Speaker 5: say here's the thing. If you shop online and you

593
00:27:36,520 --> 00:27:39,120
Speaker 5: want to access some extra awards, it's an option that's

594
00:27:39,160 --> 00:27:41,320
Speaker 5: availed to you. Or it could fall into that area

595
00:27:41,400 --> 00:27:45,159
Speaker 5: of the more you know, misleading pushy marketing where they're saying,

596
00:27:45,400 --> 00:27:47,159
Speaker 5: oh my god, got no money but want to do

597
00:27:47,400 --> 00:27:50,800
Speaker 5: x y zed or thinking about doing this and spend spend, spend,

598
00:27:50,800 --> 00:27:53,080
Speaker 5: and it's that I think it's going to be how

599
00:27:53,240 --> 00:27:55,920
Speaker 5: they encourage people to be a green card rather than

600
00:27:56,000 --> 00:27:58,200
Speaker 5: the product itself, which is so often where we see

601
00:27:58,200 --> 00:28:01,800
Speaker 5: businesses being problematic. The item itself after pay is not

602
00:28:01,840 --> 00:28:04,360
Speaker 5: a problematic product, but the way that they market it.

603
00:28:04,720 --> 00:28:07,360
Speaker 1: But it's a slippery slope, like what is next for them?

604
00:28:07,480 --> 00:28:10,320
Speaker 1: Like say this is wildly successful, do they go into

605
00:28:10,320 --> 00:28:13,080
Speaker 1: buy now, pay later? How does that work? I think

606
00:28:13,119 --> 00:28:15,640
Speaker 1: for me, I'm not too concerned because it is basically

607
00:28:15,720 --> 00:28:18,119
Speaker 1: a debit card. It's not anything more than that, a

608
00:28:18,119 --> 00:28:20,920
Speaker 1: debit card with some rewards. Yes, at the end of

609
00:28:20,960 --> 00:28:23,560
Speaker 1: the day, you're probably being promoted to spend more because

610
00:28:23,600 --> 00:28:26,520
Speaker 1: you want more rewards, and I'd be really wary of that.

611
00:28:27,040 --> 00:28:29,840
Speaker 1: But it's also not available in Australia. So glad we

612
00:28:29,920 --> 00:28:33,280
Speaker 1: spent so much time on this space content. All right,

613
00:28:33,400 --> 00:28:35,760
Speaker 1: So I think we have a few minutes left to

614
00:28:35,840 --> 00:28:37,440
Speaker 1: answer some listener questions.

615
00:28:37,480 --> 00:28:39,800
Speaker 2: Are you guys ready, let's do it.

616
00:28:40,120 --> 00:28:41,920
Speaker 3: I use on the money team. I just need some

617
00:28:41,960 --> 00:28:45,680
Speaker 3: advice about work expenses. So with my job, I get

618
00:28:45,720 --> 00:28:48,600
Speaker 3: to have my work card which is under the business,

619
00:28:48,640 --> 00:28:51,600
Speaker 3: but I don't have a fuel card or an f poscard.

620
00:28:52,200 --> 00:28:54,880
Speaker 3: So with that, unfortunately, I have to pay for quite

621
00:28:54,920 --> 00:28:58,440
Speaker 3: a few things under my personal finances. I do get

622
00:28:58,480 --> 00:29:01,560
Speaker 3: this paid back once I do all the paperwork, but

623
00:29:02,200 --> 00:29:05,480
Speaker 3: the next day I have to pay that all again.

624
00:29:06,040 --> 00:29:08,040
Speaker 3: As you know, I have to pay for fuel, I

625
00:29:08,040 --> 00:29:11,880
Speaker 3: have to pay for clients, etc. So I have asked

626
00:29:12,000 --> 00:29:14,560
Speaker 3: my boss for an f post card and he fled

627
00:29:14,600 --> 00:29:18,640
Speaker 3: out refuses and says no, as he says it's a liability.

628
00:29:20,200 --> 00:29:23,520
Speaker 3: I just need to ask if this is ethical or

629
00:29:23,560 --> 00:29:26,040
Speaker 3: if there's other ways that I can convince him to

630
00:29:26,040 --> 00:29:27,880
Speaker 3: get an f POS card thank you.

631
00:29:29,480 --> 00:29:31,360
Speaker 1: I used to do this with one of my old

632
00:29:31,440 --> 00:29:35,880
Speaker 1: jobs because corporate cards were only reserved for the senior consultants,

633
00:29:36,160 --> 00:29:39,160
Speaker 1: and so whenever I traveled to Sydney for work, I

634
00:29:39,200 --> 00:29:42,560
Speaker 1: would have to put the deposit on my card personally

635
00:29:42,920 --> 00:29:45,960
Speaker 1: to check into the hotel, which is in a way.

636
00:29:46,040 --> 00:29:48,680
Speaker 1: I could understand why it was all about risk that

637
00:29:48,680 --> 00:29:51,960
Speaker 1: the business was carrying, But as a twenty something year

638
00:29:52,000 --> 00:29:53,960
Speaker 1: old who didn't have all that much cash, that.

639
00:29:54,000 --> 00:29:56,200
Speaker 2: Was a lot to foot.

640
00:29:56,040 --> 00:29:58,680
Speaker 1: And a lot of financial responsibility that I didn't think

641
00:29:58,760 --> 00:30:01,520
Speaker 1: I should have taken on. So that really used to

642
00:30:01,560 --> 00:30:04,520
Speaker 1: frustrate me. But we've got Glenn James here, so why

643
00:30:04,520 --> 00:30:07,680
Speaker 1: are we listening to me, Glenn, speak now or forever

644
00:30:07,720 --> 00:30:08,200
Speaker 1: hold your peg.

645
00:30:08,720 --> 00:30:10,960
Speaker 6: It's just ridiculous. Tell them to get stuffed. I mean,

646
00:30:11,040 --> 00:30:14,040
Speaker 6: if you're employing someone and they're out in a role

647
00:30:14,280 --> 00:30:17,600
Speaker 6: that requires expenses, you need to furnish a card. Like

648
00:30:17,880 --> 00:30:20,840
Speaker 6: it's just actually ridiculous that you should cash flow someone

649
00:30:20,840 --> 00:30:23,000
Speaker 6: else's business and then be reimbursted.

650
00:30:23,160 --> 00:30:25,040
Speaker 1: That's the summary of it. You shouldn't have to cash

651
00:30:25,080 --> 00:30:26,560
Speaker 1: flow somebody else's business.

652
00:30:26,400 --> 00:30:29,320
Speaker 6: Right, my team JP and my team she's the one

653
00:30:29,360 --> 00:30:30,600
Speaker 6: who does most of the traveling.

654
00:30:31,080 --> 00:30:31,960
Speaker 4: We've got a card.

655
00:30:32,400 --> 00:30:36,160
Speaker 6: In terms of the liability, we started with a prepaid

656
00:30:36,240 --> 00:30:39,320
Speaker 6: post Office card and I just said, yep, I'll put

657
00:30:39,360 --> 00:30:41,080
Speaker 6: a thousand dollars on it. When it gets low, let

658
00:30:41,080 --> 00:30:43,480
Speaker 6: me know, I'll transfer over. I don't expect any of

659
00:30:43,520 --> 00:30:46,680
Speaker 6: my staff to cash flow my business.

660
00:30:46,360 --> 00:30:49,360
Speaker 1: No, because you don't know what their financial situation is

661
00:30:49,440 --> 00:30:52,200
Speaker 1: and it's not their responsibility at the end of the day.

662
00:30:52,600 --> 00:30:55,160
Speaker 1: That's a really good idea, Glenn, I really like the

663
00:30:55,200 --> 00:30:56,680
Speaker 1: post Office idea.

664
00:30:56,720 --> 00:30:59,440
Speaker 2: But then you can also always get like a credit.

665
00:30:59,120 --> 00:31:01,960
Speaker 1: Card that has a five hundred dollars limit, Like it

666
00:31:02,000 --> 00:31:04,680
Speaker 1: doesn't have to be massive. But as a business you're

667
00:31:04,680 --> 00:31:07,160
Speaker 1: incurring this cost anyway, and if you get a business

668
00:31:07,200 --> 00:31:09,200
Speaker 1: credit card, you could be racking up some sweet sweet

669
00:31:09,240 --> 00:31:10,680
Speaker 1: points by owning that as well.

670
00:31:10,800 --> 00:31:13,800
Speaker 5: Because it also puts the user at a disadvantage. Let's

671
00:31:13,800 --> 00:31:16,560
Speaker 5: say she's spending she's saying for fuel primarily. Let's say

672
00:31:16,560 --> 00:31:18,600
Speaker 5: he's spending two hundred bucks a week on fuel, which.

673
00:31:18,400 --> 00:31:20,280
Speaker 2: Would would be very expensive at the moment.

674
00:31:20,360 --> 00:31:22,480
Speaker 5: I was going to say, it's being conservative given current

675
00:31:22,560 --> 00:31:25,600
Speaker 5: petrol prices. That's what let's call it. Eight hundred dollars

676
00:31:25,640 --> 00:31:28,320
Speaker 5: a month. If your business or if the business that

677
00:31:28,400 --> 00:31:32,640
Speaker 5: employees her is reconciling their accounts monthly, which most businesses do,

678
00:31:33,280 --> 00:31:35,440
Speaker 5: and she's spent eight hundred dollars out of her pocket,

679
00:31:35,480 --> 00:31:37,920
Speaker 5: that's eight hundred dollars that she's not occurring interest on

680
00:31:38,000 --> 00:31:40,920
Speaker 5: for the duration of that month. So if he's insisting

681
00:31:41,120 --> 00:31:44,440
Speaker 5: on you bankrolling it, I would be raising that and saying, hey,

682
00:31:44,520 --> 00:31:46,760
Speaker 5: like I'm actually missing out on interest. You need to

683
00:31:46,760 --> 00:31:49,000
Speaker 5: pay me a percentage on top of what I'm spending.

684
00:31:49,240 --> 00:31:51,320
Speaker 1: Oh, I wouldn't even go that far. I'd just say

685
00:31:51,480 --> 00:31:54,040
Speaker 1: it's not my job to bankroll your business. I'd be

686
00:31:54,080 --> 00:31:56,560
Speaker 1: pretty blunt about that one in saying that it's a

687
00:31:56,600 --> 00:32:00,000
Speaker 1: really hard situation to navigate. I would assume if you're

688
00:32:00,120 --> 00:32:03,280
Speaker 1: saying to your boss directly, like, oh, hey, I asked

689
00:32:03,320 --> 00:32:05,400
Speaker 1: Glenn for a bank card and he didn't let me.

690
00:32:06,040 --> 00:32:09,080
Speaker 1: That's I'm making grand assumptions here. I'm assuming it's a

691
00:32:09,080 --> 00:32:11,680
Speaker 1: small business. I'm assuming he hasn't thought too much about it,

692
00:32:11,680 --> 00:32:14,720
Speaker 1: because there's no way a bigger corporate would do that anymore.

693
00:32:14,880 --> 00:32:17,000
Speaker 1: Like I'm talking about when I was working in like

694
00:32:17,280 --> 00:32:20,280
Speaker 1: twenty eleven, twenty twelve. We're not, you know, not twenty

695
00:32:20,320 --> 00:32:23,800
Speaker 1: twenty two. I feel like that's really outdated to go, oh,

696
00:32:23,840 --> 00:32:26,800
Speaker 1: we'll reimburse you for your expenses. Like I think it's

697
00:32:26,880 --> 00:32:30,280
Speaker 1: reasonable to be reimbursed for your expenses if you're like,

698
00:32:30,360 --> 00:32:33,760
Speaker 1: oh my gosh, I incurred this one parking thing this week.

699
00:32:33,800 --> 00:32:35,840
Speaker 1: It was twenty two bucks, and you submit your ticket

700
00:32:35,920 --> 00:32:38,560
Speaker 1: and you get your money back. Not if it's a

701
00:32:38,640 --> 00:32:42,080
Speaker 1: consistent expectation like I went to training in the city,

702
00:32:42,120 --> 00:32:43,800
Speaker 1: so I had to park, and I did this, and

703
00:32:43,840 --> 00:32:47,400
Speaker 1: I did that. Like, that's reasonable reimbursement. But if it's

704
00:32:47,400 --> 00:32:48,920
Speaker 1: a consistent part.

705
00:32:48,800 --> 00:32:52,640
Speaker 4: Of all the time, get stuffed. Basically, I'll call.

706
00:32:52,520 --> 00:32:54,520
Speaker 2: Him, Yeah, let me know. Let me.

707
00:32:54,600 --> 00:32:58,600
Speaker 7: Know, So, if it is a small business and maybe

708
00:32:58,680 --> 00:33:01,320
Speaker 7: you're like worried about your position within that business, if

709
00:33:01,320 --> 00:33:04,160
Speaker 7: it's really tight and tiny, how do you bring it up,

710
00:33:04,200 --> 00:33:06,680
Speaker 7: like if there's no HR department, if you're someone that's

711
00:33:06,720 --> 00:33:10,920
Speaker 7: nervous and hates confrontation, like, it's all well and good

712
00:33:10,920 --> 00:33:13,280
Speaker 7: to say, oh, stuff you like, but how do you

713
00:33:13,320 --> 00:33:14,640
Speaker 7: actually have that conversation?

714
00:33:14,680 --> 00:33:15,240
Speaker 2: You know what I mean?

715
00:33:15,440 --> 00:33:19,200
Speaker 1: Nah, that's a really good question because twenty ten Victoria

716
00:33:19,440 --> 00:33:22,680
Speaker 1: definitely wouldn't have just been like, oh, stuff you. In fact,

717
00:33:22,720 --> 00:33:26,120
Speaker 1: twenty ten Victoria was, you know, just still reimbursing, still

718
00:33:26,120 --> 00:33:29,280
Speaker 1: putting my receipts in ste putting them in a little

719
00:33:29,320 --> 00:33:31,960
Speaker 1: folder in my handbag and taking them to work and

720
00:33:32,000 --> 00:33:34,200
Speaker 1: scanning them in and going, oh, I don't really want

721
00:33:34,240 --> 00:33:36,120
Speaker 1: to mention it because it makes me feel uncomfortable. And

722
00:33:36,120 --> 00:33:37,880
Speaker 1: I also didn't want people to think I didn't have

723
00:33:38,000 --> 00:33:39,680
Speaker 1: enough money to be able to do that because I

724
00:33:39,840 --> 00:33:42,520
Speaker 1: was being judged and all the senior consultants were really rich,

725
00:33:42,680 --> 00:33:45,800
Speaker 1: like it wasn't. Yeah, I totally get that, And I

726
00:33:45,800 --> 00:33:48,160
Speaker 1: think that's about bringing up like, hey, it's actually putting

727
00:33:48,160 --> 00:33:50,040
Speaker 1: a lot of financial stress on me at the moment.

728
00:33:50,320 --> 00:33:52,760
Speaker 1: And I looked into it, and I think best practice

729
00:33:52,800 --> 00:33:56,280
Speaker 1: is either this getting a debit card or suggesting something

730
00:33:56,360 --> 00:33:59,280
Speaker 1: ulterior like Glenn was saying a prepaid visa card that

731
00:33:59,320 --> 00:34:01,720
Speaker 1: you just get office Like, I'm not asking you to

732
00:34:01,760 --> 00:34:04,200
Speaker 1: open a bank account for me. I just want you

733
00:34:04,240 --> 00:34:07,400
Speaker 1: to give me access to company funds so I can

734
00:34:08,120 --> 00:34:10,840
Speaker 1: spend company funds on things that you're telling me I

735
00:34:10,960 --> 00:34:14,200
Speaker 1: need to. It's not my responsibility, I think turning around

736
00:34:14,280 --> 00:34:16,200
Speaker 1: and just going, oh, hey, I've had a really good

737
00:34:16,200 --> 00:34:18,240
Speaker 1: think about this. I'm under a little bit of stress

738
00:34:18,280 --> 00:34:20,400
Speaker 1: at the moment because of this, Like I'm trying to

739
00:34:20,440 --> 00:34:22,880
Speaker 1: save for a house and it's you know, I'm honestly,

740
00:34:23,200 --> 00:34:25,400
Speaker 1: with the cost of fuel at the moment, I just

741
00:34:25,400 --> 00:34:28,319
Speaker 1: don't feel like I can afford to fund this. And

742
00:34:28,480 --> 00:34:31,200
Speaker 1: maybe give a couple of really good suggestions like what

743
00:34:31,280 --> 00:34:32,920
Speaker 1: Glenn came up with, and I think that could be

744
00:34:32,920 --> 00:34:36,279
Speaker 1: a really good starting point. But if your boss isn't

745
00:34:36,320 --> 00:34:39,520
Speaker 1: respecting you either, I think there's a deeper conversation to

746
00:34:39,600 --> 00:34:43,400
Speaker 1: be had, Like if your boss is genuinely not caring

747
00:34:43,480 --> 00:34:46,640
Speaker 1: about your financial situation and not caring about the way

748
00:34:46,640 --> 00:34:48,520
Speaker 1: that they treat you in their business, I would be

749
00:34:48,560 --> 00:34:50,200
Speaker 1: really questioning why you still work there.

750
00:34:50,480 --> 00:34:52,440
Speaker 5: Yeah, I fully agree. I mean I understand it's a

751
00:34:52,440 --> 00:34:55,040
Speaker 5: small business. It's hard to take on you know, those things,

752
00:34:55,040 --> 00:34:56,720
Speaker 5: but ultimately you're going to have to pay for anyone

753
00:34:56,760 --> 00:34:59,040
Speaker 5: and it's not fair to expect an employee to bank

754
00:34:59,080 --> 00:34:59,800
Speaker 5: all your business.

755
00:35:00,000 --> 00:35:02,319
Speaker 1: I would really want to ask them, like, why do

756
00:35:02,320 --> 00:35:04,680
Speaker 1: you think that's acceptable? Like, I get it, if you

757
00:35:04,760 --> 00:35:06,680
Speaker 1: just hadn't put more thought into it, it's like, oh, Jess,

758
00:35:06,680 --> 00:35:07,040
Speaker 1: I'll pay you.

759
00:35:07,080 --> 00:35:09,000
Speaker 2: Back though, Like, yeah, like it's not swearing.

760
00:35:09,280 --> 00:35:11,680
Speaker 1: Yeah, I don't think that it's malicious from the start,

761
00:35:11,719 --> 00:35:13,680
Speaker 1: but I think once you give the mood of context

762
00:35:13,680 --> 00:35:15,239
Speaker 1: and let them know that you're not comfortable with it,

763
00:35:15,239 --> 00:35:17,239
Speaker 1: it's your employer's job to make sure that you're in

764
00:35:17,280 --> 00:35:20,360
Speaker 1: the best possible position in that aspect. But guys, I

765
00:35:20,360 --> 00:35:23,040
Speaker 1: think that is as always, all we have time for today.

766
00:35:23,120 --> 00:35:26,359
Speaker 1: You've got some spicy non credit card content. We talked

767
00:35:26,360 --> 00:35:29,600
Speaker 1: about everything we usually talk about, and we discussed how

768
00:35:29,600 --> 00:35:32,000
Speaker 1: to push back on your employer when they make you

769
00:35:32,040 --> 00:35:33,560
Speaker 1: pay for stuff you shouldn't have to pay for.

770
00:35:33,680 --> 00:35:36,440
Speaker 2: Cover all basis. What a good episode, Glenn, Thanks for

771
00:35:36,520 --> 00:35:37,080
Speaker 2: joining us.

772
00:35:37,160 --> 00:35:38,799
Speaker 4: Thanks guys, really appreciate you.

773
00:35:38,920 --> 00:35:40,399
Speaker 5: I was going to say, can we make Glenn read

774
00:35:40,440 --> 00:35:42,040
Speaker 5: the FSL with all the guess.

775
00:35:42,120 --> 00:35:45,480
Speaker 2: Yes, of course we can. So, guys, we are done

776
00:35:45,520 --> 00:35:46,040
Speaker 2: for the day.

777
00:35:46,040 --> 00:35:50,040
Speaker 1: But as always, let's listen to our very exciting disclaimer

778
00:35:50,239 --> 00:35:51,040
Speaker 1: before I do this.

779
00:35:51,200 --> 00:35:54,480
Speaker 6: Georgia, you're really good at reading and when you read stuff,

780
00:35:55,440 --> 00:35:58,240
Speaker 6: because I'm not good at reading, as you're hear. Anyway,

781
00:36:01,080 --> 00:36:03,920
Speaker 6: the advice shed on She's on the Money is generally

782
00:36:04,080 --> 00:36:07,840
Speaker 6: nature and does not consider your individual circumstances. She's on

783
00:36:07,880 --> 00:36:11,120
Speaker 6: the Money exists purely for educational purposes and should not

784
00:36:11,160 --> 00:36:15,640
Speaker 6: be relied upon to make investment or financial decisions. Victoria

785
00:36:15,680 --> 00:36:20,320
Speaker 6: Divine is an authorized representative of Infocused Securities Australia Proprietary

786
00:36:20,320 --> 00:36:25,000
Speaker 6: Limited ABN four seven zero nine seven seven nine seven

787
00:36:25,120 --> 00:36:29,959
Speaker 6: zero four nine AFSL two three six five two three.

788
00:36:30,320 --> 00:36:35,720
Speaker 1: You are officially fired from reading the disclaimer GJL CUI