1 00:00:00,680 --> 00:00:04,920 Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr 2 00:00:04,960 --> 00:00:08,680 Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before 3 00:00:08,680 --> 00:00:11,160 Speaker 1: we get started on She's on the Money podcast, I 4 00:00:11,160 --> 00:00:14,319 Speaker 1: would like to acknowledge the traditional custodians of the land 5 00:00:14,400 --> 00:00:17,680 Speaker 1: of which this podcast is recorded on a wondery country, 6 00:00:18,120 --> 00:00:22,240 Speaker 1: acknowledging the elders, the ancestors and the next generation coming 7 00:00:22,320 --> 00:00:26,960 Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing 8 00:00:27,080 --> 00:00:30,120 Speaker 1: and the storytelling of you to make a difference for 9 00:00:30,240 --> 00:00:32,640 Speaker 1: today and lasting impact for tomorrow. 10 00:00:33,320 --> 00:00:37,120 Speaker 2: Let's get into it. She's on the Money, She's on 11 00:00:37,159 --> 00:01:00,000 Speaker 2: the Money. Hello, and welcome to She's on the Money, 12 00:01:00,080 --> 00:01:03,880 Speaker 2: the podcast for millennials who want financial freedom. My friends, 13 00:01:03,920 --> 00:01:06,000 Speaker 2: today is Friday, which means it is time to get 14 00:01:06,000 --> 00:01:09,080 Speaker 2: the team together and celebrate you our incredible Shees on 15 00:01:09,120 --> 00:01:12,319 Speaker 2: the Money community. Today we'll be sharing our favorite money wins. 16 00:01:12,319 --> 00:01:14,760 Speaker 2: We're going to be helping to answer a juicy money dilemma, 17 00:01:14,760 --> 00:01:16,920 Speaker 2: which this week is all about the best way to 18 00:01:16,920 --> 00:01:19,680 Speaker 2: pay yourself when you run your own business, and we 19 00:01:19,760 --> 00:01:22,360 Speaker 2: unpacked something that has slid into our dms this week 20 00:01:22,400 --> 00:01:26,560 Speaker 2: about friends who never pay you back team. Hello, and 21 00:01:26,680 --> 00:01:28,600 Speaker 2: welcome to the show again this week. 22 00:01:28,760 --> 00:01:30,360 Speaker 3: Hello, Hello, Happy Friday. 23 00:01:30,400 --> 00:01:33,200 Speaker 2: Are we excited to be here? Have we had good weeks? Yeah? 24 00:01:33,400 --> 00:01:34,880 Speaker 3: Yeah, you sound really convinced on that. 25 00:01:36,280 --> 00:01:39,760 Speaker 2: I can't remember anything that happened. We talked about the oils. 26 00:01:39,800 --> 00:01:42,800 Speaker 2: You threw a sandwich, a sandwich? Yeah yeah, yeah, has 27 00:01:42,800 --> 00:01:43,240 Speaker 2: been a good week. 28 00:01:43,240 --> 00:01:45,600 Speaker 3: What about you? Just yeah, nothing exciting. I went to 29 00:01:45,640 --> 00:01:48,280 Speaker 3: the dentist. I a house. I didn't throw a sandwich 30 00:01:48,360 --> 00:01:51,000 Speaker 3: the house. You're move going slowly because this is the 31 00:01:51,000 --> 00:01:53,800 Speaker 3: first time I've ever moved a whole house. Painful, Like 32 00:01:53,840 --> 00:01:56,440 Speaker 3: I've always had housemates up until when I moved in 33 00:01:56,480 --> 00:01:59,080 Speaker 3: with my partner, and obviously then we had all the stuff, 34 00:01:59,080 --> 00:02:00,680 Speaker 3: so when we moved out, had to move all the 35 00:02:00,720 --> 00:02:02,800 Speaker 3: stuff from that. It sucks. 36 00:02:02,880 --> 00:02:03,040 Speaker 1: Yeah. 37 00:02:03,080 --> 00:02:05,000 Speaker 2: I saw on TikTok you're doing your medicine covered, and 38 00:02:05,040 --> 00:02:07,640 Speaker 2: I was like, relatable content. She has an entire washing 39 00:02:07,640 --> 00:02:10,799 Speaker 2: basket full of medicine cupboard stuff, and I was like, yeah, 40 00:02:10,840 --> 00:02:13,880 Speaker 2: same girl, same. It's painful. And then for worse, when 41 00:02:13,919 --> 00:02:15,800 Speaker 2: you're packing up the house, because I've just done the 42 00:02:15,800 --> 00:02:17,799 Speaker 2: same thing. When you're packing up the house and you're like, 43 00:02:17,919 --> 00:02:20,840 Speaker 2: this requires an entire box. What the hell Like, I 44 00:02:20,880 --> 00:02:22,480 Speaker 2: went to Bunnings and bought boxes and I was like, 45 00:02:22,520 --> 00:02:26,239 Speaker 2: well need ten ten boxes? Yeah, no, Victoria, you needed 46 00:02:26,280 --> 00:02:29,720 Speaker 2: fifty boxes. Adam in a mem like what are you doing? 47 00:02:29,800 --> 00:02:32,680 Speaker 2: And then just how much room stuff takes up. It's 48 00:02:32,720 --> 00:02:35,200 Speaker 2: making me want to throw everything I've ever owned out 49 00:02:35,480 --> 00:02:37,040 Speaker 2: because I don't need this. I don't want to. Well, 50 00:02:37,080 --> 00:02:39,080 Speaker 2: you know when you go through a miscellaneous draw and 51 00:02:39,160 --> 00:02:41,639 Speaker 2: all these things you haven't used in years, I feel 52 00:02:41,680 --> 00:02:43,720 Speaker 2: like you need so I need to do right now. 53 00:02:43,919 --> 00:02:46,720 Speaker 2: It's the bottom drawer in my kitchen and I took 54 00:02:46,760 --> 00:02:49,080 Speaker 2: that bottom drawer off the hinges and I tipped it 55 00:02:49,120 --> 00:02:50,920 Speaker 2: into a box. And then when I moved to the 56 00:02:51,000 --> 00:02:53,280 Speaker 2: new house, this is how organized am. Jess is going 57 00:02:53,320 --> 00:02:56,320 Speaker 2: to be horrified because she's like the organization queen. I 58 00:02:56,360 --> 00:02:58,440 Speaker 2: tipped the box into the bottom drawer in the new house. 59 00:02:58,840 --> 00:03:02,000 Speaker 2: That's very cool, thank you, Thank you. Here all week 60 00:03:02,040 --> 00:03:05,440 Speaker 2: if you would like some extra hair ties, some birthday sparklers, 61 00:03:05,560 --> 00:03:08,480 Speaker 2: or some zip ties, or I'd probably used batteries, that's 62 00:03:08,520 --> 00:03:10,400 Speaker 2: what's in there. But it just made me feel a 63 00:03:10,440 --> 00:03:12,800 Speaker 2: little bit more at home having all my junk in 64 00:03:12,960 --> 00:03:16,200 Speaker 2: the rightful junk draw I love that saving time, saving money, 65 00:03:16,200 --> 00:03:18,800 Speaker 2: saving space. I need to organize that stuff. I'm gonna 66 00:03:18,840 --> 00:03:21,840 Speaker 2: just pick up and drop off. Love it. Just as 67 00:03:21,880 --> 00:03:27,600 Speaker 2: like I'm judging you hardcore majority, all right, well not 68 00:03:27,720 --> 00:03:30,639 Speaker 2: over your dead body is community money wins we love those. 69 00:03:30,800 --> 00:03:33,040 Speaker 2: That is something just can get around. So jess what 70 00:03:33,200 --> 00:03:34,680 Speaker 2: have you got this week for us? 71 00:03:34,880 --> 00:03:37,440 Speaker 3: Some really really good ones this week? My first money 72 00:03:37,440 --> 00:03:40,560 Speaker 3: win comes from Hayley, who said money win. My kids 73 00:03:40,560 --> 00:03:44,280 Speaker 3: started preschool, so my daycare fees have harved money loss. 74 00:03:44,480 --> 00:03:46,240 Speaker 3: I now have to pack her lunch box and she 75 00:03:46,360 --> 00:03:48,160 Speaker 3: eats like a grown man, and my grown crow bill 76 00:03:48,200 --> 00:03:50,600 Speaker 3: will probably double and she. 77 00:03:50,680 --> 00:03:53,520 Speaker 2: Eats like a grown man. This just like little preschooler 78 00:03:53,600 --> 00:03:56,360 Speaker 2: with the oversized You know those dumb man meals do 79 00:03:56,400 --> 00:03:58,040 Speaker 2: you get in the frozen food section. 80 00:04:01,600 --> 00:04:03,080 Speaker 3: Or green for men? 81 00:04:03,520 --> 00:04:06,440 Speaker 2: It kills me. I'm like, what about that is man's size? 82 00:04:06,520 --> 00:04:09,160 Speaker 2: That is now just a regular size, like regular size 83 00:04:09,280 --> 00:04:12,720 Speaker 2: frozen meals. I swear a diet size. And then those 84 00:04:12,800 --> 00:04:15,320 Speaker 2: quote man meal. You're like, that's a normal pasta serving. 85 00:04:15,360 --> 00:04:17,640 Speaker 2: What are you guys talking about? I don't understand almost 86 00:04:17,680 --> 00:04:20,400 Speaker 2: not enough exactly. You've got to get the garlic bread 87 00:04:20,440 --> 00:04:22,120 Speaker 2: as well, but you got it. Yeah, Okay, it's rude 88 00:04:22,200 --> 00:04:22,400 Speaker 2: not to. 89 00:04:22,520 --> 00:04:24,599 Speaker 3: We all love garlic bread. My next time comes from Amy, 90 00:04:24,640 --> 00:04:26,839 Speaker 3: who said money in It. Started my own copy and 91 00:04:26,920 --> 00:04:30,919 Speaker 3: content writing business after absolutely demolishing every episode of the 92 00:04:30,920 --> 00:04:33,400 Speaker 3: Business Bible in a space of a week. I work 93 00:04:33,400 --> 00:04:35,880 Speaker 3: in local governments, so I'm just waiting for approval for 94 00:04:35,920 --> 00:04:38,640 Speaker 3: this secondary employment. But I'm so excited for this journey. 95 00:04:39,040 --> 00:04:41,719 Speaker 2: God, do you know how many messages I've had this 96 00:04:41,800 --> 00:04:44,320 Speaker 2: week about the Business Bible. People love the Business Bible, 97 00:04:44,760 --> 00:04:46,920 Speaker 2: I know, but like I've let it sleep. I haven't 98 00:04:46,920 --> 00:04:49,280 Speaker 2: brought it back. But I feel like twenty twenty three 99 00:04:49,680 --> 00:04:52,680 Speaker 2: has been everybody's year. Like I'm hearing from everybody, They're like, 100 00:04:52,720 --> 00:04:54,159 Speaker 2: you know what, this is my year. I think we're 101 00:04:54,160 --> 00:04:57,320 Speaker 2: far enough out of COVID that people are you know what. 102 00:04:57,360 --> 00:04:59,599 Speaker 2: I think I do want to change something about my circumstances, 103 00:04:59,680 --> 00:05:01,240 Speaker 2: or do want to start a side hustle, or I 104 00:05:01,240 --> 00:05:03,320 Speaker 2: want to know how to you know, run x y Z. 105 00:05:03,760 --> 00:05:06,039 Speaker 2: So I've probably had like four or five messages this week, 106 00:05:06,080 --> 00:05:08,000 Speaker 2: which I think is a lot of messages. I know, 107 00:05:08,040 --> 00:05:10,479 Speaker 2: you guys probably like Victoria when my mum texts me 108 00:05:10,560 --> 00:05:13,840 Speaker 2: more than that, But five messages. I reckon being like Victoria, 109 00:05:13,839 --> 00:05:16,719 Speaker 2: bring back the business Bible. It's making me think about it. 110 00:05:16,920 --> 00:05:18,760 Speaker 3: It's got to be what they want. I said, trying. 111 00:05:18,800 --> 00:05:21,279 Speaker 2: I'm trying, but I'm a busy goal It's true. 112 00:05:21,480 --> 00:05:21,800 Speaker 1: All right. 113 00:05:21,800 --> 00:05:23,760 Speaker 3: Well, my next one you win this week comes from Laura, 114 00:05:23,800 --> 00:05:25,760 Speaker 3: who said money. When I took my car for a 115 00:05:25,800 --> 00:05:27,960 Speaker 3: service and they tried to charge me an extra fifty 116 00:05:28,000 --> 00:05:32,520 Speaker 3: dollars for special oil getting the Oh my god, she said. 117 00:05:32,600 --> 00:05:34,880 Speaker 3: I questioned it, and they said, probably should have told 118 00:05:34,960 --> 00:05:36,720 Speaker 3: you first, and they wrote it off straight away. 119 00:05:36,880 --> 00:05:41,000 Speaker 2: Yeah, no, you guys weren't gonna tell me first. 120 00:05:40,800 --> 00:05:41,200 Speaker 1: Were you. 121 00:05:41,600 --> 00:05:43,679 Speaker 3: I don't think the oil specially, No, don't. 122 00:05:44,600 --> 00:05:46,560 Speaker 2: It's like I was at the petrol station the other day. 123 00:05:46,600 --> 00:05:48,240 Speaker 2: I think it was like a cowtext or something, and 124 00:05:48,279 --> 00:05:50,000 Speaker 2: I was just like, you know, when you're feeling your 125 00:05:50,120 --> 00:05:52,720 Speaker 2: fuel tank, you mindlessly stare off at something because you're 126 00:05:52,720 --> 00:05:54,240 Speaker 2: not meant to use your phone, and I find that 127 00:05:54,320 --> 00:05:58,440 Speaker 2: quite challenging, which is probably a personality defect on my behalf. 128 00:05:58,880 --> 00:06:01,120 Speaker 2: But I was looking at the sign where it's like 129 00:06:01,160 --> 00:06:03,800 Speaker 2: we've recently rebranded, and I was like, oh, cute, so 130 00:06:03,839 --> 00:06:06,599 Speaker 2: they've like renamed their petrols and it goes from like 131 00:06:06,760 --> 00:06:11,400 Speaker 2: petrol to special petrol and diesel to special diesel. And 132 00:06:11,440 --> 00:06:14,800 Speaker 2: I'm like, but it didn't change the product, and you 133 00:06:14,920 --> 00:06:17,480 Speaker 2: only have one diesel? Why is it now special diesel? 134 00:06:17,600 --> 00:06:19,560 Speaker 2: I don't get it. I don't get it. There are 135 00:06:19,560 --> 00:06:21,600 Speaker 2: special diesel now, I wonder what that looks like. Is 136 00:06:21,640 --> 00:06:24,560 Speaker 2: it just more expensive? Now? Why is it called special diesel? 137 00:06:24,640 --> 00:06:27,560 Speaker 2: If anyone could tell me, I'm actually genuinely excited to 138 00:06:27,600 --> 00:06:30,719 Speaker 2: learn about it because they don't understand why they've rebranded 139 00:06:30,760 --> 00:06:34,280 Speaker 2: the name to special may me feel good putting in 140 00:06:34,279 --> 00:06:35,880 Speaker 2: my car that. I'm like, this is clearly better than 141 00:06:35,920 --> 00:06:38,919 Speaker 2: the you know, the cow takes down the road special diesel. 142 00:06:39,080 --> 00:06:42,200 Speaker 2: I do, that's very impressive. Is that actually impressive? I 143 00:06:42,240 --> 00:06:43,839 Speaker 2: thought I was just going to get crucified for not 144 00:06:43,880 --> 00:06:46,480 Speaker 2: having a hybrid. Oh. I mean, I don't know enough, 145 00:06:46,600 --> 00:06:49,559 Speaker 2: but I would maybe one day crucify if I know more. Yeah, okay, 146 00:06:49,920 --> 00:06:52,280 Speaker 2: well do you get educated? I will run. 147 00:06:52,800 --> 00:06:55,640 Speaker 3: Perfect back on track. We have another money in here 148 00:06:55,640 --> 00:06:58,800 Speaker 3: from Grace who said win slash loss. I finally hit 149 00:06:58,839 --> 00:07:01,320 Speaker 3: my sixty K savings got but got notified on the 150 00:07:01,320 --> 00:07:03,839 Speaker 3: same day that I had to pay three thousand dollars 151 00:07:03,920 --> 00:07:06,599 Speaker 3: to get my visa granted. At least I'm officially a 152 00:07:06,600 --> 00:07:09,480 Speaker 3: permanent resident. Now, yeah, welcome. I'm going to say that 153 00:07:09,480 --> 00:07:11,280 Speaker 3: one's a little bit wholesome, and then I want to 154 00:07:11,360 --> 00:07:13,200 Speaker 3: round it out today, ladies with a money loss and 155 00:07:13,200 --> 00:07:15,000 Speaker 3: a little bit of an update for people who've maybe 156 00:07:15,040 --> 00:07:17,800 Speaker 3: heard our previous episodes. It comes from our friend TJ 157 00:07:17,920 --> 00:07:19,920 Speaker 3: and she said, hey, guys, I just found out something 158 00:07:19,960 --> 00:07:22,080 Speaker 3: that might be worth mentioning on the pod. It turns 159 00:07:22,080 --> 00:07:25,040 Speaker 3: out the federal government has recently abolished the ten percent 160 00:07:25,080 --> 00:07:27,559 Speaker 3: HEX discount roof if you've paid for your course fees 161 00:07:27,640 --> 00:07:30,440 Speaker 3: up front. I just paid ninety percent of my fees 162 00:07:30,520 --> 00:07:32,680 Speaker 3: last week to now find out I still own the 163 00:07:32,760 --> 00:07:33,800 Speaker 3: remaining ten percent. 164 00:07:33,920 --> 00:07:34,600 Speaker 2: That's insane. 165 00:07:34,680 --> 00:07:36,040 Speaker 3: That's been for money loss, isn't it. 166 00:07:36,640 --> 00:07:39,360 Speaker 2: That is not acceptable. And just when you said it, 167 00:07:39,400 --> 00:07:41,040 Speaker 2: I was like, I didn't think that was a thing, 168 00:07:41,160 --> 00:07:44,280 Speaker 2: Like I haven't seen any updates, And we did some 169 00:07:44,320 --> 00:07:47,200 Speaker 2: little googling and I'm currently on Study Assist dot gov 170 00:07:47,240 --> 00:07:50,320 Speaker 2: dot AU and it says the Hex help upfront discounts 171 00:07:50,320 --> 00:07:52,680 Speaker 2: ceased on the thirty first of December twenty twenty two. 172 00:07:53,360 --> 00:07:55,960 Speaker 2: So I feel like that is a little bit sneaky 173 00:07:56,080 --> 00:07:58,840 Speaker 2: of their behalf to have not said anything. Yeah, I 174 00:07:58,920 --> 00:08:02,080 Speaker 2: also think that that is quite rude, given we know 175 00:08:02,360 --> 00:08:06,680 Speaker 2: that CBI impacts the indexation of our hex rates. Yeah, 176 00:08:06,720 --> 00:08:08,680 Speaker 2: and the fact that they know we're struggling, So it 177 00:08:08,720 --> 00:08:11,200 Speaker 2: would have been nice to keep that kind of discount 178 00:08:11,280 --> 00:08:12,960 Speaker 2: of like, oh, Beck, if you paid off early, like 179 00:08:12,960 --> 00:08:14,720 Speaker 2: you'll get a discount and all. It sucks, but like 180 00:08:14,760 --> 00:08:17,000 Speaker 2: it's the best we can do. So now, if you're 181 00:08:17,000 --> 00:08:20,200 Speaker 2: eligible to make a hex slash help loan repayment, there's 182 00:08:20,240 --> 00:08:22,440 Speaker 2: actually not a lot of black carrot on a stick 183 00:08:22,440 --> 00:08:24,280 Speaker 2: to paid off early. Yeah, why would you really because 184 00:08:24,280 --> 00:08:26,520 Speaker 2: you're not getting that ten percent off, which is essentially 185 00:08:26,560 --> 00:08:28,680 Speaker 2: a ten percent return on you paying off the debt, 186 00:08:28,760 --> 00:08:33,280 Speaker 2: So yeah, just is going to index. So yeah, frustrating, 187 00:08:33,600 --> 00:08:36,720 Speaker 2: but keeping in mind if you're keeping in mind, especially 188 00:08:36,720 --> 00:08:38,280 Speaker 2: if you're going to go pay off your hex debt, 189 00:08:38,320 --> 00:08:39,839 Speaker 2: that's one thing I would say, I guess on the 190 00:08:39,880 --> 00:08:43,240 Speaker 2: flip side, Jess is as much as TJ that sucks. 191 00:08:43,360 --> 00:08:46,319 Speaker 2: I also would really recommend before paying off any type 192 00:08:46,320 --> 00:08:49,200 Speaker 2: of debt, calling up that person or calling up that 193 00:08:49,320 --> 00:08:52,199 Speaker 2: company and saying, well, can you please calculate it? If 194 00:08:52,200 --> 00:08:54,480 Speaker 2: I pay it today, because I remember when I was 195 00:08:54,480 --> 00:08:56,480 Speaker 2: paying off my debt. And this works in every other 196 00:08:56,520 --> 00:08:59,520 Speaker 2: circumstance as well. If you pay off your debt today, 197 00:09:00,000 --> 00:09:02,600 Speaker 2: maybe the interest hasn't been calculated for that week or 198 00:09:02,600 --> 00:09:04,480 Speaker 2: that month yet, and you paid off, and then you 199 00:09:04,520 --> 00:09:07,320 Speaker 2: still have outstanding amounts, so you actually need to get 200 00:09:07,400 --> 00:09:09,440 Speaker 2: the final figure on the day that you're planning on 201 00:09:09,520 --> 00:09:12,040 Speaker 2: paying it. And I would do that as well for 202 00:09:12,120 --> 00:09:14,920 Speaker 2: your hex help debt to make sure. Okay, well I 203 00:09:15,080 --> 00:09:17,000 Speaker 2: know that. You know when I listened to Sheese on 204 00:09:17,040 --> 00:09:18,480 Speaker 2: the Money last year, they said I could get a 205 00:09:18,559 --> 00:09:22,080 Speaker 2: ten percent discount. Make sure before you actually act on anything, 206 00:09:22,120 --> 00:09:24,679 Speaker 2: you triple check it because things like this happen. They 207 00:09:24,720 --> 00:09:27,520 Speaker 2: can abolish things, they can change it. The government is fluid, 208 00:09:27,600 --> 00:09:30,080 Speaker 2: and it sucks. It really sucks. I really wish we 209 00:09:30,160 --> 00:09:33,560 Speaker 2: could help, but unfortunately that's just not the case. 210 00:09:33,880 --> 00:09:34,840 Speaker 3: Yeah, sorry, TJ. 211 00:09:35,120 --> 00:09:37,720 Speaker 2: But like Chris, it's paying off ninety percent of your 212 00:09:37,760 --> 00:09:40,120 Speaker 2: health debt. That's right, that is very impressive. 213 00:09:40,240 --> 00:09:42,199 Speaker 3: It must feel good. Mustn't have that's it this week? 214 00:09:42,280 --> 00:09:44,080 Speaker 2: Lady, Oh my gosh. All right, well let's go to 215 00:09:44,120 --> 00:09:46,040 Speaker 2: a break, because when we get back from the break, 216 00:09:46,040 --> 00:09:47,679 Speaker 2: I'm going to dive into the best way to pay 217 00:09:47,720 --> 00:09:50,240 Speaker 2: yourself when you run your own business. And then we're 218 00:09:50,280 --> 00:09:52,760 Speaker 2: also talking about DM we got this week, which is 219 00:09:52,800 --> 00:09:54,480 Speaker 2: all about friends who never pay you back. And I 220 00:09:54,480 --> 00:10:00,600 Speaker 2: feel like that's a spicy topic, So don't go anywhere, guys. 221 00:10:02,679 --> 00:10:05,520 Speaker 3: Alrighty back from the break and ready to jump into 222 00:10:05,559 --> 00:10:07,720 Speaker 3: a juicy, juicy money dilemma this week? What have we 223 00:10:07,760 --> 00:10:08,480 Speaker 3: got you? Guys? 224 00:10:10,920 --> 00:10:11,079 Speaker 1: Hi? 225 00:10:11,200 --> 00:10:13,920 Speaker 2: There, have you got a money dilemma you just can't solve? 226 00:10:14,120 --> 00:10:16,280 Speaker 2: The Sheese on the Money Team is here to help. 227 00:10:16,640 --> 00:10:19,640 Speaker 2: Every week, we tackle your dilemmas, both big and small, 228 00:10:19,679 --> 00:10:22,760 Speaker 2: to answer your most burning money, career and life questions. 229 00:10:22,960 --> 00:10:25,480 Speaker 2: To get involved, simply head to our website and leave 230 00:10:25,559 --> 00:10:27,680 Speaker 2: us a short voice recording and you might just find 231 00:10:27,679 --> 00:10:30,360 Speaker 2: yourself on the show. Now, let's take a listen to 232 00:10:30,440 --> 00:10:33,040 Speaker 2: this week's money dilemma. 233 00:10:33,120 --> 00:10:37,000 Speaker 4: He So, my question for you, guys is regarding small businesses. 234 00:10:37,600 --> 00:10:40,800 Speaker 4: I've worked from home since twenty nineteen as a home hairdresser, 235 00:10:41,000 --> 00:10:43,320 Speaker 4: and then last year I made the move to rent 236 00:10:43,360 --> 00:10:46,320 Speaker 4: a chair and work from a salon. Since moving into 237 00:10:46,320 --> 00:10:49,280 Speaker 4: the salon, I've felt a lot of pressure around what 238 00:10:49,440 --> 00:10:51,320 Speaker 4: I'm doing with my money because I guess I don't 239 00:10:51,320 --> 00:10:54,400 Speaker 4: have the knowledge on that. So my question is what's 240 00:10:54,440 --> 00:10:56,720 Speaker 4: the best way to pay myself being a small business 241 00:10:57,320 --> 00:10:59,640 Speaker 4: and how much should I be putting away for super 242 00:11:00,240 --> 00:11:04,600 Speaker 4: tax the business savings? And I guess it's different each week. 243 00:11:04,600 --> 00:11:06,359 Speaker 4: So I guess if you could give me a percentage 244 00:11:07,320 --> 00:11:09,680 Speaker 4: of how much I should be putting away, that would 245 00:11:09,679 --> 00:11:12,160 Speaker 4: be amazing. And any other information. 246 00:11:12,280 --> 00:11:14,959 Speaker 2: Thank you, Becker. I do think your best place to 247 00:11:15,000 --> 00:11:18,240 Speaker 2: handle this? How would you suggest she moves forward? I 248 00:11:18,240 --> 00:11:21,839 Speaker 2: would say blow it all on things that. 249 00:11:21,800 --> 00:11:22,400 Speaker 3: You don't need. 250 00:11:22,720 --> 00:11:26,719 Speaker 2: Oh that's a good suggestion. TVs, mobile phones, TV's and 251 00:11:26,800 --> 00:11:27,719 Speaker 2: mobile phone. 252 00:11:27,960 --> 00:11:29,600 Speaker 3: That's the first thing that you thought of the people 253 00:11:29,960 --> 00:11:31,559 Speaker 3: you have TVs not just one. 254 00:11:31,440 --> 00:11:38,120 Speaker 2: Multiples several TVs, several mobile phones, and lots of takeout meals. 255 00:11:38,480 --> 00:11:40,559 Speaker 2: Oh yeah, it would be the best, but mainly on 256 00:11:40,679 --> 00:11:42,280 Speaker 2: new breats. So you have to pay the fees and 257 00:11:42,320 --> 00:11:46,720 Speaker 2: stuff too, right, yes, yeah, so the small business doesn't 258 00:11:46,720 --> 00:11:49,400 Speaker 2: get all the money either, would be ideal. Yeah, yeah, yeah, 259 00:11:49,440 --> 00:11:52,160 Speaker 2: that's you are an inspiration. I guess that's all we 260 00:11:52,200 --> 00:11:55,960 Speaker 2: have time for. But I would like to chime in 261 00:11:56,000 --> 00:11:58,840 Speaker 2: because it turns out I really like talking. I feel 262 00:11:58,840 --> 00:12:00,439 Speaker 2: like this is a really good position to be in. 263 00:12:00,520 --> 00:12:02,760 Speaker 2: It sounds like you're absolutely killing it. But what you 264 00:12:02,800 --> 00:12:04,880 Speaker 2: want to do is set up a good business cash 265 00:12:04,960 --> 00:12:08,520 Speaker 2: flow system. Now I will go into it at surface 266 00:12:08,600 --> 00:12:12,400 Speaker 2: level here, but on the Business Bible podcast, I did 267 00:12:12,400 --> 00:12:15,840 Speaker 2: a cash flow Q and A with Moyob and I 268 00:12:15,920 --> 00:12:19,840 Speaker 2: have also talked about exactly how I structure myself, so 269 00:12:20,000 --> 00:12:22,240 Speaker 2: how I pay myself, how I pay my tax, how 270 00:12:22,280 --> 00:12:24,240 Speaker 2: I pay my bills, how I make sure that I've 271 00:12:24,240 --> 00:12:27,920 Speaker 2: got money for payroll, etc. And that I think will 272 00:12:27,920 --> 00:12:30,560 Speaker 2: be really helpful, But it's thirty eight minutes long, so 273 00:12:30,600 --> 00:12:32,280 Speaker 2: I just don't think we have time to answer it 274 00:12:32,320 --> 00:12:35,760 Speaker 2: in that depth. Most small business owners that I've worked 275 00:12:35,760 --> 00:12:39,440 Speaker 2: with historically put aside about thirty percent for tax. So 276 00:12:39,600 --> 00:12:43,160 Speaker 2: business tax is less than thirty percent, but it gives 277 00:12:43,160 --> 00:12:45,800 Speaker 2: you that buffer and makes you feel really confident that 278 00:12:45,840 --> 00:12:47,520 Speaker 2: if anything pops up, you've got a little bit of 279 00:12:47,600 --> 00:12:50,240 Speaker 2: money to the side. And there's nothing better. Honestly, as 280 00:12:50,280 --> 00:12:52,880 Speaker 2: a business owner at tax time, when you have to 281 00:12:52,880 --> 00:12:55,959 Speaker 2: pay your tax and your tax account is not empty 282 00:12:56,320 --> 00:12:58,560 Speaker 2: like that is wild to me. I'm always like, oh, 283 00:12:58,640 --> 00:13:01,600 Speaker 2: I did so well. Then when it comes to GST, 284 00:13:01,920 --> 00:13:04,600 Speaker 2: it can be really helpful having a separate account for 285 00:13:04,679 --> 00:13:08,520 Speaker 2: GST because GST is goods and services tax here in Australia. 286 00:13:08,640 --> 00:13:10,839 Speaker 2: It's kind of like left pocket right pocket. If you're 287 00:13:10,920 --> 00:13:13,880 Speaker 2: charging your clients or your customers GST of ten percent. 288 00:13:14,280 --> 00:13:16,840 Speaker 2: The company doesn't actually get that, they just pass it 289 00:13:16,880 --> 00:13:19,960 Speaker 2: straight onto the government, but it does come into your account, 290 00:13:20,040 --> 00:13:21,960 Speaker 2: so you need to separate it out to make sure 291 00:13:21,960 --> 00:13:24,440 Speaker 2: that if you get paid GST, it does get paid. 292 00:13:24,800 --> 00:13:27,080 Speaker 2: And all of that can usually be automated through an 293 00:13:27,120 --> 00:13:30,920 Speaker 2: accounting software, so like moob or zero or something whatever 294 00:13:30,960 --> 00:13:33,760 Speaker 2: aligns to your values and your budget. But I would 295 00:13:33,800 --> 00:13:36,640 Speaker 2: recommend an accounting software just to keep on top of things. 296 00:13:37,240 --> 00:13:40,800 Speaker 2: Then when it comes to personal finances as a business owner, 297 00:13:40,840 --> 00:13:44,240 Speaker 2: I feel like most people really fall behind on that. 298 00:13:44,360 --> 00:13:46,520 Speaker 2: So they might have nailed their tax, they might have 299 00:13:46,600 --> 00:13:48,760 Speaker 2: nailed their GST. They pay their staff, you know, they 300 00:13:48,800 --> 00:13:53,079 Speaker 2: do their super. But a really important I guess delineation 301 00:13:53,240 --> 00:13:56,200 Speaker 2: is actually treating yourself as a staff member. So what 302 00:13:56,280 --> 00:13:59,360 Speaker 2: are you getting paid, what is your super? How often 303 00:13:59,400 --> 00:14:01,400 Speaker 2: are you going to commit to paying that? Maybe you 304 00:14:01,480 --> 00:14:04,520 Speaker 2: just pay your own super quarterly and once a quarter. 305 00:14:04,640 --> 00:14:06,520 Speaker 2: You go in four times each year and you pay 306 00:14:06,559 --> 00:14:09,640 Speaker 2: your superannuation, but it is really important to pay that. 307 00:14:10,200 --> 00:14:12,560 Speaker 2: There is a book recommendation that we will put in 308 00:14:12,600 --> 00:14:16,000 Speaker 2: these show notes today called profit First, which is a 309 00:14:16,040 --> 00:14:18,760 Speaker 2: bit of a backwards model that I find works really 310 00:14:18,800 --> 00:14:22,040 Speaker 2: well for small businesses who need to change their mindset 311 00:14:22,080 --> 00:14:25,800 Speaker 2: around paying themselves, because if you're not flourishing, how on 312 00:14:25,800 --> 00:14:28,360 Speaker 2: earth is the business flourishing. So as much as we 313 00:14:28,760 --> 00:14:31,080 Speaker 2: are told you should never take profit out for the 314 00:14:31,120 --> 00:14:33,440 Speaker 2: first ten years to build your business, like that's how 315 00:14:33,440 --> 00:14:36,160 Speaker 2: it works, I feel like in twenty twenty three that's 316 00:14:36,200 --> 00:14:39,360 Speaker 2: actually really backwards and making sure that you and your 317 00:14:39,400 --> 00:14:42,200 Speaker 2: family are thriving and surviving and doing well is actually 318 00:14:42,280 --> 00:14:45,480 Speaker 2: going to create long term and more sustainable business. So 319 00:14:45,560 --> 00:14:47,640 Speaker 2: that is where I would go, and I would make 320 00:14:47,680 --> 00:14:50,040 Speaker 2: sure that I check out the Business Bible podcast because 321 00:14:50,040 --> 00:14:52,400 Speaker 2: I feel like that can be really helpful because I 322 00:14:52,600 --> 00:14:55,240 Speaker 2: literally tell you what bank accounts I have, how the 323 00:14:55,280 --> 00:14:57,360 Speaker 2: money goes in, where it goes, what that looks like, 324 00:14:57,480 --> 00:14:59,760 Speaker 2: and I feel like that could be really helpful. I mean, 325 00:14:59,800 --> 00:15:02,840 Speaker 2: it's not advice, because obviously you do you run it 326 00:15:02,880 --> 00:15:05,520 Speaker 2: how it works for you. It's just me explaining how 327 00:15:05,560 --> 00:15:07,640 Speaker 2: I've worked it out over the years to make sure 328 00:15:07,640 --> 00:15:10,560 Speaker 2: it's as functional as possible for me, because if it's 329 00:15:10,600 --> 00:15:12,960 Speaker 2: in front of me, I will spend it, so we 330 00:15:13,000 --> 00:15:15,800 Speaker 2: need to remove it. Any other tips, just you're a freelancer, 331 00:15:15,800 --> 00:15:16,520 Speaker 2: how do you deal with it? 332 00:15:16,560 --> 00:15:17,840 Speaker 3: I don't know if it's a little bit different from 333 00:15:17,880 --> 00:15:20,520 Speaker 3: me because I obviously don't have employees or anything like that, 334 00:15:20,560 --> 00:15:21,040 Speaker 3: Like it's just me. 335 00:15:21,040 --> 00:15:22,840 Speaker 2: I'm a soft true But you still have money coming 336 00:15:22,840 --> 00:15:24,680 Speaker 2: in that you need to like pay tax on. 337 00:15:24,840 --> 00:15:27,360 Speaker 3: And yeah, I kind of am a fan of the 338 00:15:27,520 --> 00:15:30,760 Speaker 3: overestimate rather than underestimate, so I put I think between 339 00:15:30,760 --> 00:15:33,360 Speaker 3: thirty five and forty percent aside for tax, and that 340 00:15:33,760 --> 00:15:35,760 Speaker 3: to me just means that there's a buffer like if 341 00:15:35,800 --> 00:15:37,720 Speaker 3: my numbers are wrong or something like that. And then 342 00:15:37,760 --> 00:15:39,640 Speaker 3: at tax time it's kind of like, oh, I get 343 00:15:39,680 --> 00:15:42,240 Speaker 3: some tax refunded, even though it's technically like I had 344 00:15:42,280 --> 00:15:43,600 Speaker 3: it sitting there already. 345 00:15:43,280 --> 00:15:44,920 Speaker 2: So which shit makes you feel good? 346 00:15:45,080 --> 00:15:46,960 Speaker 3: Exactly? It makes me feel like I'm getting a refund, 347 00:15:46,960 --> 00:15:49,160 Speaker 3: so that's like bonus money, which is great. And then 348 00:15:49,760 --> 00:15:53,200 Speaker 3: I do not pay myself superannuation because I work a 349 00:15:53,240 --> 00:15:56,560 Speaker 3: normal job that does pay me superannuation, so I, you know, 350 00:15:56,880 --> 00:15:59,880 Speaker 3: would potentially be investing some of those funds. But that's 351 00:16:00,120 --> 00:16:01,640 Speaker 3: not within my super that's outside of it. 352 00:16:01,800 --> 00:16:04,640 Speaker 2: Yeah. No, it's interesting to see how people who freelance 353 00:16:04,720 --> 00:16:06,480 Speaker 2: on the side of a full time job deal with 354 00:16:06,520 --> 00:16:09,760 Speaker 2: their finances versus someone who their freelances their full time. 355 00:16:10,080 --> 00:16:13,000 Speaker 2: But as we've said, every financial circumstance is going to 356 00:16:13,000 --> 00:16:15,040 Speaker 2: be different, and the way just manages her money versus 357 00:16:15,040 --> 00:16:17,680 Speaker 2: I manage my money versus any other business owner might 358 00:16:17,720 --> 00:16:19,760 Speaker 2: be different. You actually just have to find a cash 359 00:16:19,760 --> 00:16:23,280 Speaker 2: flow system that works. But there are a few foundational blocks, 360 00:16:23,280 --> 00:16:25,160 Speaker 2: like having a cash hub and then having a tax 361 00:16:25,160 --> 00:16:27,920 Speaker 2: account and having a GST account and making sure that 362 00:16:27,960 --> 00:16:30,200 Speaker 2: you know, even in your business, you have a level 363 00:16:30,200 --> 00:16:32,480 Speaker 2: of an emergency fund to make sure that you're okay. 364 00:16:32,800 --> 00:16:36,080 Speaker 2: I think all of that needs to be the foundations, 365 00:16:36,120 --> 00:16:38,920 Speaker 2: and then after that we can start, you know, tailoring 366 00:16:38,960 --> 00:16:42,200 Speaker 2: it to make it work the best for you. But honestly, 367 00:16:42,280 --> 00:16:44,400 Speaker 2: having an accountant in your back pocket is one of 368 00:16:44,440 --> 00:16:46,360 Speaker 2: the best things in the entire world. Like my account 369 00:16:46,440 --> 00:16:48,520 Speaker 2: Luis shout out he never listens to my podcast because 370 00:16:48,560 --> 00:16:50,360 Speaker 2: he's not my target demographic, and it turns out he's 371 00:16:50,400 --> 00:16:54,080 Speaker 2: actually really financially literate. Yeah hope, so, but like he's 372 00:16:54,080 --> 00:16:55,800 Speaker 2: a good egg doing good things and I know his 373 00:16:55,960 --> 00:16:59,440 Speaker 2: ea Gran. She listens to the pod, so hello, Hi. 374 00:17:00,040 --> 00:17:02,280 Speaker 3: Having someone do your tax as well life changing. I think, 375 00:17:02,480 --> 00:17:04,720 Speaker 3: yea one did mine for the first time last year, 376 00:17:05,000 --> 00:17:07,320 Speaker 3: and turns out I can claim part of my rent 377 00:17:07,400 --> 00:17:09,920 Speaker 3: because I have a dedicated to talk to someone because 378 00:17:09,920 --> 00:17:12,720 Speaker 3: there's a lot of stuff. I would have never known that. 379 00:17:12,800 --> 00:17:14,760 Speaker 3: If someone hadn't said to me, hey, did you know 380 00:17:14,840 --> 00:17:16,439 Speaker 3: you can? Never would have thought of it. 381 00:17:16,520 --> 00:17:18,360 Speaker 2: So I want to be real pervy. How much did 382 00:17:18,400 --> 00:17:20,760 Speaker 2: you spend on an accountant? Was it a lot? No? 383 00:17:20,920 --> 00:17:23,000 Speaker 3: It was I want to say, like one hundred and 384 00:17:23,000 --> 00:17:24,760 Speaker 3: fifty ish, But then I can claim it. 385 00:17:24,840 --> 00:17:28,280 Speaker 2: Untas next year, so it's actually not as bad as 386 00:17:28,320 --> 00:17:29,639 Speaker 2: people seem to think. It is. 387 00:17:30,160 --> 00:17:33,560 Speaker 3: Money like the amount of money that she's for that referral, 388 00:17:33,600 --> 00:17:36,000 Speaker 3: by the way, thank you so much, well brilliant me. 389 00:17:36,480 --> 00:17:37,440 Speaker 2: Oh what's her name again? 390 00:17:37,480 --> 00:17:37,640 Speaker 1: No? 391 00:17:37,640 --> 00:17:39,800 Speaker 2: No, no, I'll tell you offline because I don't want to 392 00:17:39,800 --> 00:17:42,520 Speaker 2: bombard it. I don't want to bombard it. I already 393 00:17:42,520 --> 00:17:44,560 Speaker 2: send all my friends to it. But it's one of 394 00:17:44,560 --> 00:17:47,000 Speaker 2: those things that I think people assume seeing an accountant 395 00:17:47,119 --> 00:17:49,120 Speaker 2: might be, you know, blowing money out of the water. 396 00:17:49,200 --> 00:17:51,960 Speaker 2: But you know it's not actually the worst, and being 397 00:17:52,000 --> 00:17:53,600 Speaker 2: able to claim it on tax the year after it 398 00:17:53,680 --> 00:17:55,639 Speaker 2: feels good. So you're like, I'm getting a little bit 399 00:17:55,680 --> 00:17:57,879 Speaker 2: more back even though I already spent it. But it's nice. 400 00:17:58,200 --> 00:18:00,800 Speaker 2: Plus I imagine the amount that you're the extra amount 401 00:18:00,840 --> 00:18:05,119 Speaker 2: that you're making through the accountant makes up for spending, 402 00:18:05,520 --> 00:18:08,720 Speaker 2: and they often think about it. An accountant works with 403 00:18:08,840 --> 00:18:11,600 Speaker 2: businesses every day, so you know, they might sit down 404 00:18:11,640 --> 00:18:13,480 Speaker 2: with Jess and be like, oh, I've got another person 405 00:18:13,480 --> 00:18:15,560 Speaker 2: who does freelance work similar to you, and they've actually 406 00:18:15,560 --> 00:18:17,240 Speaker 2: structured it like this. Have you thought about that? And 407 00:18:17,320 --> 00:18:19,000 Speaker 2: Jess might go, oh, fire out and you didn't even 408 00:18:19,040 --> 00:18:20,920 Speaker 2: know that was an option. So I think having the 409 00:18:21,000 --> 00:18:23,199 Speaker 2: right people in your team or in your court or 410 00:18:23,200 --> 00:18:25,200 Speaker 2: in your corner or whatever we're going to call it 411 00:18:25,240 --> 00:18:28,800 Speaker 2: is actually really constructive because the more people you have 412 00:18:29,320 --> 00:18:32,879 Speaker 2: that help you leverage your business the better. And it 413 00:18:32,920 --> 00:18:35,280 Speaker 2: doesn't have to cost thousands. It could just be you know, 414 00:18:35,640 --> 00:18:37,480 Speaker 2: getting someone to do your tax once a year because 415 00:18:37,480 --> 00:18:39,840 Speaker 2: you're running the financials for the rest of the year, 416 00:18:40,080 --> 00:18:42,600 Speaker 2: and that can actually be really powerful. But this is 417 00:18:42,640 --> 00:18:44,400 Speaker 2: cheese on the money. Let's not go on and on 418 00:18:44,600 --> 00:18:48,360 Speaker 2: about business stuff. As I said, we will consider bringing 419 00:18:48,400 --> 00:18:50,920 Speaker 2: back the Business Bible if people want it enough. 420 00:18:51,080 --> 00:18:53,320 Speaker 3: Excellent advice for you, not that i'd expect anything less 421 00:18:53,320 --> 00:18:55,200 Speaker 3: from you. If you do want to submit your money 422 00:18:55,200 --> 00:18:56,800 Speaker 3: dilima to us, though, make sure you're head to our 423 00:18:56,840 --> 00:18:59,360 Speaker 3: website because we have this fancy little thing in there 424 00:18:59,359 --> 00:19:02,120 Speaker 3: called Telby. You can automatically record it. It's so quick 425 00:19:02,119 --> 00:19:03,800 Speaker 3: and easy. We'll have it linked in the show notes, 426 00:19:03,800 --> 00:19:05,320 Speaker 3: so if you've got something you want to share with us, 427 00:19:05,560 --> 00:19:08,320 Speaker 3: click the link. We'd love to hear from you. All right, now, 428 00:19:08,440 --> 00:19:11,639 Speaker 3: let's get into a juicy, juicy DM that's slid in 429 00:19:11,720 --> 00:19:15,080 Speaker 3: this week because I feel like it was very controversial 430 00:19:15,119 --> 00:19:16,679 Speaker 3: when we put it up on Instagram, And if you're 431 00:19:16,680 --> 00:19:18,919 Speaker 3: not following us on Instagram, you should be because we're 432 00:19:18,960 --> 00:19:21,000 Speaker 3: talking about all the spicy things whereat she's on the 433 00:19:21,000 --> 00:19:22,159 Speaker 3: money a us as. 434 00:19:22,040 --> 00:19:24,439 Speaker 2: A twenty twenty three News resolution for me to just 435 00:19:24,480 --> 00:19:26,600 Speaker 2: be spicier in general as a human. So this is 436 00:19:26,600 --> 00:19:27,320 Speaker 2: where it started. 437 00:19:27,400 --> 00:19:29,960 Speaker 3: I feel like you're really succeeding, especially with this one. 438 00:19:29,960 --> 00:19:30,840 Speaker 3: Do you want me to read it out? 439 00:19:30,920 --> 00:19:31,119 Speaker 1: I do. 440 00:19:31,359 --> 00:19:31,760 Speaker 2: Let's go. 441 00:19:31,880 --> 00:19:34,680 Speaker 3: Our friend said, hey, V loving these dms. Hopefully you 442 00:19:34,760 --> 00:19:36,440 Speaker 3: can help me out this week. I have a group 443 00:19:36,480 --> 00:19:38,400 Speaker 3: of girlfriends and we go and have quite a few 444 00:19:38,440 --> 00:19:41,240 Speaker 3: social outings together. There is one friend in my group 445 00:19:41,240 --> 00:19:44,760 Speaker 3: who just never transfers us if we can't split a bill. 446 00:19:44,800 --> 00:19:48,000 Speaker 3: She never offers to pay, and for some reason, never transfers. 447 00:19:48,280 --> 00:19:50,800 Speaker 3: She never offers to order the uber, and her split 448 00:19:50,840 --> 00:19:53,359 Speaker 3: fair never works. I don't know how to approach this 449 00:19:53,480 --> 00:19:55,280 Speaker 3: with her, but we are all getting quite fed up 450 00:19:55,280 --> 00:19:56,680 Speaker 3: with it, thoughts. 451 00:19:56,640 --> 00:19:58,560 Speaker 2: Understandably fed up with it. 452 00:19:58,680 --> 00:20:01,520 Speaker 3: I feel so frust I know. And it's the use 453 00:20:01,560 --> 00:20:03,159 Speaker 3: of the word never, like I feel like I just 454 00:20:03,400 --> 00:20:05,640 Speaker 3: never never, never, never, never, And that just makes you 455 00:20:05,720 --> 00:20:07,359 Speaker 3: feel her frustration through this. 456 00:20:07,680 --> 00:20:09,280 Speaker 2: She never does it, and then she never does this, 457 00:20:09,359 --> 00:20:11,440 Speaker 2: and then she never Do you really want this friend 458 00:20:11,440 --> 00:20:14,800 Speaker 2: as a friend, because friends don't do that to friends. No. 459 00:20:15,280 --> 00:20:19,199 Speaker 3: I get the not maybe putting everybody's dinner bill on 460 00:20:19,240 --> 00:20:22,440 Speaker 3: your card, because not everyone can necessarily afford to foot 461 00:20:22,440 --> 00:20:23,880 Speaker 3: a bill for eight people. 462 00:20:24,359 --> 00:20:26,280 Speaker 2: But that's not even what we're talking about. She doesn't 463 00:20:26,320 --> 00:20:29,160 Speaker 2: transfer the friends that coughed up the dinner bill that's 464 00:20:29,520 --> 00:20:30,520 Speaker 2: to pay back. 465 00:20:30,359 --> 00:20:32,879 Speaker 3: Because then like they're doing you a favor by putting 466 00:20:33,240 --> 00:20:35,399 Speaker 3: let's say a couple of hundred dollars on their card 467 00:20:35,840 --> 00:20:37,600 Speaker 3: and then if you don't pay, they're like they've just 468 00:20:37,600 --> 00:20:38,639 Speaker 3: brought your dinner for. 469 00:20:40,480 --> 00:20:42,560 Speaker 4: Yeah, it's a paying. 470 00:20:42,440 --> 00:20:45,280 Speaker 2: For everyone is let's say five people only three paid, 471 00:20:45,320 --> 00:20:49,440 Speaker 2: that's a huge chunk. That's three times whatever that's out 472 00:20:49,480 --> 00:20:51,440 Speaker 2: of your account that you're down. You know, so everyone 473 00:20:51,720 --> 00:20:54,919 Speaker 2: when it comes to those situations, if not everyone's paying, 474 00:20:55,040 --> 00:20:57,639 Speaker 2: it's just such a huge amount to be paying for you. 475 00:20:57,680 --> 00:20:59,840 Speaker 3: The system doesn't work. It doesn't mean if you don't work, 476 00:21:00,000 --> 00:21:00,920 Speaker 3: this doesn't work. 477 00:21:01,520 --> 00:21:05,760 Speaker 2: It's disrespectful. I genuinely think it's disrespectful of the friendship 478 00:21:05,880 --> 00:21:07,800 Speaker 2: because Jesse, if you were like, oh, I pop it 479 00:21:07,840 --> 00:21:09,800 Speaker 2: on my card and I'll transfer, You'll be like okay, cool, 480 00:21:09,800 --> 00:21:11,440 Speaker 2: no worries. Can I do it right now? Like yeah, 481 00:21:11,480 --> 00:21:14,120 Speaker 2: And I'm that person who has worked out pay ID 482 00:21:14,680 --> 00:21:16,880 Speaker 2: and even if you haven't given me your bank details, 483 00:21:16,920 --> 00:21:18,240 Speaker 2: I just know that I can pay ID you the 484 00:21:18,280 --> 00:21:19,960 Speaker 2: money because I just don't want to owe you anything 485 00:21:19,960 --> 00:21:22,199 Speaker 2: because I just feel like that's awful. It gives me 486 00:21:22,240 --> 00:21:24,520 Speaker 2: the ick. Beck have you ever had this? I have 487 00:21:24,640 --> 00:21:27,240 Speaker 2: had this. It's so you have awkward I have I have. 488 00:21:27,720 --> 00:21:29,679 Speaker 2: It's just so awkward because how do you, like, how 489 00:21:29,720 --> 00:21:31,320 Speaker 2: do you bring it up with your friend? 490 00:21:31,480 --> 00:21:33,280 Speaker 4: Like, it's just you know. 491 00:21:33,160 --> 00:21:36,080 Speaker 2: That when they usually have the intention, is what they 492 00:21:36,080 --> 00:21:38,040 Speaker 2: It seems like they seem like they have the intention 493 00:21:38,520 --> 00:21:41,760 Speaker 2: to pay back, but unfortunately it never comes and then 494 00:21:41,840 --> 00:21:45,119 Speaker 2: like chasing that up becomes very very uncomfortable, and so 495 00:21:45,160 --> 00:21:46,800 Speaker 2: you end up just letting it go. But how many 496 00:21:46,840 --> 00:21:48,560 Speaker 2: times can you just let it go before you like 497 00:21:48,760 --> 00:21:51,480 Speaker 2: owed so much money? But yes, it has happened to me. 498 00:21:51,600 --> 00:21:53,760 Speaker 2: I've had a friend like that and they how many 499 00:21:53,760 --> 00:21:56,359 Speaker 2: times do you send like a follow up of like, hey, beck, 500 00:21:56,880 --> 00:21:58,639 Speaker 2: I haven't seen it in my account yet, and they 501 00:21:58,640 --> 00:22:01,679 Speaker 2: always reply like yeah, it's oh maybe I'm with a 502 00:22:01,680 --> 00:22:03,680 Speaker 2: different bank and it hasn't gone through. Like I feel 503 00:22:03,680 --> 00:22:05,879 Speaker 2: like I don't know how to navigate that. I should, 504 00:22:06,600 --> 00:22:09,760 Speaker 2: you know, usually is like oh, I've really genuinely forgotten 505 00:22:09,760 --> 00:22:12,160 Speaker 2: to pay you back and they are really bad at remembering. 506 00:22:12,240 --> 00:22:15,440 Speaker 2: So my cutoff is about two reminders and then I'm done. 507 00:22:15,600 --> 00:22:17,080 Speaker 2: And then I'm like I'm never gonna see this money 508 00:22:17,080 --> 00:22:20,440 Speaker 2: again and I just have to deal with that. But yeah, 509 00:22:20,480 --> 00:22:24,640 Speaker 2: it's unfair when people do that, It's really unfair. I'm like, UV, 510 00:22:24,880 --> 00:22:27,639 Speaker 2: I feel so uncomfortable when someone buys me something. If 511 00:22:27,680 --> 00:22:29,679 Speaker 2: they don't give me their bank account details, I'm going 512 00:22:29,760 --> 00:22:32,480 Speaker 2: to look up their mobile. I'll find them somehow. That 513 00:22:32,600 --> 00:22:35,800 Speaker 2: money's coming back. And I wish everyone was like that. Yeah, 514 00:22:36,080 --> 00:22:37,919 Speaker 2: I would pay back dinner if you paid for it. 515 00:22:38,119 --> 00:22:40,240 Speaker 2: It's so nice, thank you. Yeah, or maybe I wouldn't. 516 00:22:40,280 --> 00:22:42,240 Speaker 2: I don't know you're getting paid heaps now a big dog. 517 00:22:43,000 --> 00:22:45,520 Speaker 2: That's true, but it is worth mentioning because we did 518 00:22:45,560 --> 00:22:49,840 Speaker 2: talk about scarcity mindset earlier this week. We did maybe 519 00:22:49,920 --> 00:22:53,480 Speaker 2: the people out there that are really hesitant to pay 520 00:22:53,480 --> 00:22:56,200 Speaker 2: people back or to split a bill or to share 521 00:22:56,200 --> 00:23:00,000 Speaker 2: a bill are those who are really scared and genuinely 522 00:23:00,119 --> 00:23:02,359 Speaker 2: anxious about spending money, but they still want to be 523 00:23:02,440 --> 00:23:06,000 Speaker 2: included in social outings. So that's something I can understand. Yeah, look, 524 00:23:06,040 --> 00:23:08,200 Speaker 2: I can see where that's coming from. But I think 525 00:23:08,200 --> 00:23:12,399 Speaker 2: that there's a line being crossed there. So like obviously going, oh, 526 00:23:12,440 --> 00:23:14,479 Speaker 2: I don't want to go out like sorry, Jess, if 527 00:23:14,480 --> 00:23:16,639 Speaker 2: you invited me out for dinner, like I can't come 528 00:23:16,760 --> 00:23:20,000 Speaker 2: because oh, like spending too much or whatever. It is 529 00:23:20,000 --> 00:23:22,720 Speaker 2: Like I feel like scarcity mindset in that aspect, it's 530 00:23:22,800 --> 00:23:26,000 Speaker 2: impacting only you, but the second that I go out 531 00:23:26,000 --> 00:23:28,119 Speaker 2: for dinner with Jess and then I don't pay Jess back. 532 00:23:28,200 --> 00:23:31,480 Speaker 2: That's financially detrimental to her. And I feel like that's 533 00:23:31,520 --> 00:23:34,800 Speaker 2: really rude. That's crossing a line that shouldn't be crossed, 534 00:23:34,840 --> 00:23:37,960 Speaker 2: and your boundaries are yours. But like she has done 535 00:23:38,000 --> 00:23:40,240 Speaker 2: something really nice for me and paid for it because 536 00:23:40,240 --> 00:23:43,080 Speaker 2: it's just easier, and I think it just is a 537 00:23:43,119 --> 00:23:46,720 Speaker 2: massive test of the relationship that shouldn't have had to happen. Yeah, 538 00:23:46,760 --> 00:23:49,120 Speaker 2: Like I just yeah, if you can't afford to go out, 539 00:23:49,119 --> 00:23:51,679 Speaker 2: don't if you have no intention of paying back your friends, 540 00:23:51,800 --> 00:23:54,320 Speaker 2: take cash, like give it to them in the moment, 541 00:23:54,680 --> 00:23:56,520 Speaker 2: Like I can't think of And I've had to say 542 00:23:56,560 --> 00:23:57,080 Speaker 2: this before. 543 00:23:57,320 --> 00:23:57,639 Speaker 1: Do you know what. 544 00:23:57,680 --> 00:23:59,480 Speaker 2: I haven't had to say it in the recent years. 545 00:23:59,520 --> 00:24:02,080 Speaker 2: I think it's like ten plus years ago, very university 546 00:24:02,119 --> 00:24:05,359 Speaker 2: student thing. I feel like, thankfully I haven't got friends 547 00:24:05,400 --> 00:24:07,879 Speaker 2: like that nowadays, maybe because I ditched them because I 548 00:24:07,880 --> 00:24:11,040 Speaker 2: don't want friends like that. Go figure. But I remember 549 00:24:11,040 --> 00:24:13,240 Speaker 2: being like, oh, yep, So we'd go out for dinner 550 00:24:13,280 --> 00:24:15,040 Speaker 2: and then I'd have like a separate group chat with 551 00:24:15,080 --> 00:24:16,760 Speaker 2: a couple of people, and then I'd say, oh, oh, 552 00:24:16,800 --> 00:24:19,359 Speaker 2: posting group chat that we all bring cash because there 553 00:24:19,400 --> 00:24:22,600 Speaker 2: was always that one person. So I'd be like, oh hey, guys, like, 554 00:24:22,640 --> 00:24:24,959 Speaker 2: everyone bring cash, We'll pay for dinner this way. Like 555 00:24:25,480 --> 00:24:29,000 Speaker 2: how frustrating? Yeah, but frustrating because then we'd have to 556 00:24:29,040 --> 00:24:31,080 Speaker 2: all get cash out because we knew if we didn't 557 00:24:31,080 --> 00:24:35,080 Speaker 2: do that, this particular person wouldn't pay us back. Jess, 558 00:24:35,119 --> 00:24:37,040 Speaker 2: have you been through this? How would you deal with it? 559 00:24:37,280 --> 00:24:41,000 Speaker 3: Not like our friend here on a consistent basis, Like 560 00:24:41,040 --> 00:24:43,399 Speaker 3: we did a big Christmas dinner my group of friends 561 00:24:43,440 --> 00:24:46,320 Speaker 3: and I paid. There was twelve of us, Oh my goodness, 562 00:24:46,359 --> 00:24:48,520 Speaker 3: big bill, which was fine. Like I volunteered. I was 563 00:24:48,560 --> 00:24:49,800 Speaker 3: one who organize it, no stress. 564 00:24:49,800 --> 00:24:51,280 Speaker 2: Why, I have no doubt you were the one that 565 00:24:51,400 --> 00:24:54,080 Speaker 2: organized it better, No doubt you would have sent them 566 00:24:54,080 --> 00:24:56,560 Speaker 2: a spreadsheet guaranteed and been like this is the menu, 567 00:24:56,800 --> 00:24:58,480 Speaker 2: this is how much it's going to cost for a head. 568 00:24:58,640 --> 00:25:00,560 Speaker 2: You just tell me you transfer and then I will 569 00:25:00,560 --> 00:25:02,080 Speaker 2: pay for the whole thing. Is that what happened? 570 00:25:02,119 --> 00:25:05,200 Speaker 3: It was very democratic. We voted on them. It was great, 571 00:25:05,400 --> 00:25:07,920 Speaker 3: but there was we paid in couples. One couple hadn't 572 00:25:07,960 --> 00:25:10,680 Speaker 3: paid me and I left it. I reckon like three 573 00:25:10,760 --> 00:25:13,120 Speaker 3: or four weeks because I was kind of like, no stress, 574 00:25:13,119 --> 00:25:14,960 Speaker 3: like it's not the end of the world and it's 575 00:25:15,040 --> 00:25:17,199 Speaker 3: not like they've ever not paid me before. I was like, 576 00:25:17,359 --> 00:25:19,000 Speaker 3: you know what, Christmas people are so busy, like it 577 00:25:19,000 --> 00:25:21,160 Speaker 3: really doesn't matter. And then I did end up shooting 578 00:25:21,359 --> 00:25:23,960 Speaker 3: my friend a message and just like, hey, so sorry, 579 00:25:24,200 --> 00:25:25,920 Speaker 3: I don't know if you've maybe transferred it and missed 580 00:25:25,920 --> 00:25:27,560 Speaker 3: a number, because I've done that before, like got a 581 00:25:27,600 --> 00:25:29,919 Speaker 3: number wrong and sent it to the wrong person. And 582 00:25:29,960 --> 00:25:33,119 Speaker 3: I felt so guilty having that conversation. I felt, but 583 00:25:33,160 --> 00:25:35,440 Speaker 3: it was like a good chunk of money. I was like, no, 584 00:25:35,520 --> 00:25:36,760 Speaker 3: I do want to follow it up, but I felt 585 00:25:36,760 --> 00:25:39,639 Speaker 3: so terrible. And then she also felt terrible because she 586 00:25:39,640 --> 00:25:42,040 Speaker 3: had just forgotten and she's okay, so but it was 587 00:25:42,080 --> 00:25:43,680 Speaker 3: like that thing I said to her. We were both 588 00:25:43,760 --> 00:25:45,520 Speaker 3: just like apologizing back and forth. I was like, you 589 00:25:45,600 --> 00:25:48,000 Speaker 3: know what, neither of us don't an apology. Yeah, you 590 00:25:48,240 --> 00:25:51,800 Speaker 3: made a mistake. I did, like I'm just following something up, 591 00:25:51,920 --> 00:25:53,600 Speaker 3: like there's no bad life, but that's. 592 00:25:53,480 --> 00:25:56,120 Speaker 2: A different story and that's so fine. Correct. 593 00:25:56,200 --> 00:25:58,720 Speaker 3: I feel like if I was in this circumstance where 594 00:25:58,720 --> 00:26:02,200 Speaker 3: someone owed me for five dinners or something like that 595 00:26:02,680 --> 00:26:06,040 Speaker 3: I actually would just have the conversation. Say, hey, just 596 00:26:06,080 --> 00:26:08,560 Speaker 3: totaled out how much I've spent over the last five 597 00:26:08,680 --> 00:26:11,760 Speaker 3: or six dinners. You owe me three hundred dollars. Oh God, 598 00:26:11,960 --> 00:26:14,240 Speaker 3: just wanted to let you know I'm not financially in 599 00:26:14,280 --> 00:26:16,800 Speaker 3: the position to pay for dinner anymore without that money. 600 00:26:16,880 --> 00:26:19,919 Speaker 3: I feel like the way I would absorb or like 601 00:26:20,080 --> 00:26:22,840 Speaker 3: soften the blow is by trying to point out what 602 00:26:22,880 --> 00:26:24,960 Speaker 3: an impact that was having on me is to say, 603 00:26:25,119 --> 00:26:27,720 Speaker 3: I can't afford to pay for your dinner because you 604 00:26:27,760 --> 00:26:30,760 Speaker 3: owe me so much money, Like I'm now financially stressed 605 00:26:30,800 --> 00:26:33,160 Speaker 3: because of you, And I would hope, like if you're 606 00:26:33,160 --> 00:26:35,439 Speaker 3: friends with them, surely that would hit home right, And. 607 00:26:35,480 --> 00:26:38,879 Speaker 2: I would hope because you actually owe no explanation for 608 00:26:38,960 --> 00:26:41,560 Speaker 2: following up something that is rightfully yours, not at all. 609 00:26:41,640 --> 00:26:43,920 Speaker 3: But if that's you know, it sounds like she wants 610 00:26:43,960 --> 00:26:47,680 Speaker 3: to have the conversation gently and kindly, And then if 611 00:26:47,720 --> 00:26:50,600 Speaker 3: that didn't work, I personally would be cutting the cord 612 00:26:50,880 --> 00:26:53,160 Speaker 3: if I'm honest. Yeah, Like, I know that might sound 613 00:26:53,200 --> 00:26:55,560 Speaker 3: a bit harsh, but that it shows such a lack 614 00:26:55,600 --> 00:26:59,919 Speaker 3: of respect, a lack of consideration, there's just no reason 615 00:27:00,080 --> 00:27:01,520 Speaker 3: to treat a friend that way. 616 00:27:01,560 --> 00:27:02,199 Speaker 2: Absolutely not. 617 00:27:02,280 --> 00:27:04,200 Speaker 3: So if they're doing it, I'd be going, well, you don't. 618 00:27:04,320 --> 00:27:07,440 Speaker 3: You clearly don't respect me. Yeah, there goes your invitation 619 00:27:07,520 --> 00:27:09,640 Speaker 3: to dinner, Like I'm not footing your bill, You're not invited. 620 00:27:10,160 --> 00:27:14,000 Speaker 2: Yeah, and that would really really frustrate Meah, it would 621 00:27:14,000 --> 00:27:15,760 Speaker 2: be the natural next step. And I wonder if it's 622 00:27:15,800 --> 00:27:18,359 Speaker 2: just the one person consistently paying, or if everyone in 623 00:27:18,400 --> 00:27:19,800 Speaker 2: the group has to take a bit of a hit 624 00:27:20,080 --> 00:27:21,240 Speaker 2: every single time they go out. 625 00:27:21,280 --> 00:27:23,560 Speaker 3: That's actually a great point. Like if you owe five 626 00:27:23,600 --> 00:27:28,200 Speaker 3: different people fifty bucks running up of talent, you're running 627 00:27:28,240 --> 00:27:30,240 Speaker 3: up a tab and then it's like, how do you 628 00:27:30,320 --> 00:27:32,040 Speaker 3: all have the conversation? Because if you say it in 629 00:27:32,080 --> 00:27:34,840 Speaker 3: a group chat, it feels a bit like a pylon almost, 630 00:27:34,880 --> 00:27:37,359 Speaker 3: like if you owe me money and then Beck, you 631 00:27:37,480 --> 00:27:39,040 Speaker 3: jump in and go you owe me money, and then 632 00:27:39,040 --> 00:27:40,439 Speaker 3: all of a sudden sit like you don't. 633 00:27:40,520 --> 00:27:42,359 Speaker 2: Just need to get split wise, Yeah, you need to 634 00:27:42,400 --> 00:27:44,280 Speaker 2: get split wise added all up, and then there's one 635 00:27:44,320 --> 00:27:46,240 Speaker 2: sum that you need to pay to one direct person 636 00:27:46,359 --> 00:27:48,520 Speaker 2: and it will make sense. I mean, you could also 637 00:27:48,640 --> 00:27:52,560 Speaker 2: just invoice them formal route and be like, hey, Beck, 638 00:27:52,840 --> 00:27:55,359 Speaker 2: here's the invoice for the dinner that we had. Also, 639 00:27:55,400 --> 00:27:57,480 Speaker 2: there's a late fee, and the late fee compounds on 640 00:27:57,520 --> 00:28:00,399 Speaker 2: a daily basis. It's fifty percent of the fee. I 641 00:28:00,440 --> 00:28:02,360 Speaker 2: would listen to that. I think the invoice is far 642 00:28:02,440 --> 00:28:05,200 Speaker 2: more intimidating and be like, hey, but then you're the 643 00:28:05,320 --> 00:28:10,359 Speaker 2: rude friend that's sent you invoice for the dinner. I 644 00:28:10,359 --> 00:28:12,919 Speaker 2: would like to do it one time. It would be funny, 645 00:28:13,119 --> 00:28:16,440 Speaker 2: like in voicing something for something really petty, like yes, 646 00:28:16,440 --> 00:28:18,399 Speaker 2: five dollars because I bought your fruit tingles at the 647 00:28:18,400 --> 00:28:22,439 Speaker 2: supermarket because I'm obsessed with fruit tingles at the moment. 648 00:28:23,240 --> 00:28:26,880 Speaker 2: Oh so good. But also we had some responses from 649 00:28:26,920 --> 00:28:29,439 Speaker 2: our community, and I thought we could read some of 650 00:28:29,480 --> 00:28:32,120 Speaker 2: them out because they're kind of funny and they agree 651 00:28:32,160 --> 00:28:35,080 Speaker 2: with us when I like it. So one person said, 652 00:28:35,080 --> 00:28:37,560 Speaker 2: never lend money you're not willing to lose, but poor 653 00:28:37,600 --> 00:28:40,320 Speaker 2: form from them. A conversation needs to be had or 654 00:28:40,440 --> 00:28:43,240 Speaker 2: just let her go. Someone else said, make sure you 655 00:28:43,320 --> 00:28:45,720 Speaker 2: go to a place where they're split billing, which I 656 00:28:45,800 --> 00:28:49,640 Speaker 2: think is smart honestly. But even with split billing, sometimes 657 00:28:49,640 --> 00:28:52,200 Speaker 2: like there's that kerfuffle at exit and maybe there's like 658 00:28:52,240 --> 00:28:53,959 Speaker 2: five of you and it's just too hard and You're like, 659 00:28:54,000 --> 00:28:56,200 Speaker 2: I'll pop it on my cart, Like that is your 660 00:28:56,240 --> 00:28:59,560 Speaker 2: friend doing you a service? That makes sense, Like, don't 661 00:29:00,160 --> 00:29:02,000 Speaker 2: respect it because you could have just paid for it 662 00:29:02,040 --> 00:29:03,920 Speaker 2: then and there and it would have been a bill 663 00:29:04,000 --> 00:29:06,640 Speaker 2: that you had to foot. Someone said, one of my 664 00:29:06,720 --> 00:29:09,240 Speaker 2: sisters does this. We now just don't include her in 665 00:29:09,280 --> 00:29:11,760 Speaker 2: group presence or any type of group expenses. 666 00:29:12,720 --> 00:29:14,600 Speaker 3: That's like that there goes into the invitation thing like. 667 00:29:14,800 --> 00:29:18,280 Speaker 2: Very little sister thing to do. Yeah, oh aboute Yeah, 668 00:29:19,320 --> 00:29:25,040 Speaker 2: the oldest sister. You know what, Kudos to Alex. She 669 00:29:25,160 --> 00:29:27,720 Speaker 2: always pays me back. And I'm always surprised because I'm like, 670 00:29:27,720 --> 00:29:29,400 Speaker 2: if I was a little sister, I wouldn't do that. 671 00:29:29,760 --> 00:29:32,640 Speaker 2: You don't have to. No, I feel like that's the 672 00:29:32,680 --> 00:29:36,080 Speaker 2: one rule that gets to jump over this. Someone said, 673 00:29:36,160 --> 00:29:37,959 Speaker 2: it's a lack of respect and it means that it 674 00:29:38,000 --> 00:29:40,800 Speaker 2: was never a real friendship in the first place. I 675 00:29:40,840 --> 00:29:44,240 Speaker 2: think that's fair. Someone else said, honestly, I'd just stop 676 00:29:44,280 --> 00:29:46,760 Speaker 2: inviting them and then drift apart and not tell them 677 00:29:46,800 --> 00:29:51,920 Speaker 2: why that's fair nor worries. Someone said, I just sneakily 678 00:29:51,920 --> 00:29:54,720 Speaker 2: get them to quote pay back by doing errands or 679 00:29:54,800 --> 00:29:55,400 Speaker 2: chores for me. 680 00:29:57,280 --> 00:30:02,360 Speaker 3: Come over, become my slave exically, but. 681 00:30:02,360 --> 00:30:05,880 Speaker 2: I don't think that's the way it should go, Like no, like, 682 00:30:05,960 --> 00:30:08,320 Speaker 2: oh yes, I'll behave you donate hu moow my lawn, 683 00:30:08,480 --> 00:30:10,600 Speaker 2: Like it's just not gonna work. 684 00:30:10,600 --> 00:30:11,840 Speaker 3: Bartering system, babe. 685 00:30:11,960 --> 00:30:13,760 Speaker 2: So I feel like the summary of all of this 686 00:30:13,880 --> 00:30:18,280 Speaker 2: is basically everyone says, stop inviting them, stop allowing situations 687 00:30:18,400 --> 00:30:20,720 Speaker 2: like this where they owe you. Obviously they can't be 688 00:30:20,800 --> 00:30:23,240 Speaker 2: trusted with that. A lot of you have said cut 689 00:30:23,280 --> 00:30:25,760 Speaker 2: the friendship because you think it is disrespectful, but I 690 00:30:25,760 --> 00:30:28,400 Speaker 2: feel like, from my perspective, there needs to be a 691 00:30:28,440 --> 00:30:31,640 Speaker 2: conversation that's had. And I think that you know you 692 00:30:31,760 --> 00:30:33,960 Speaker 2: mentioned it before, Jess, you're the same as me. Like 693 00:30:34,000 --> 00:30:36,120 Speaker 2: if I had to ask someone for something, I pit 694 00:30:36,160 --> 00:30:38,120 Speaker 2: a potter around it and go, oh my gosh, like 695 00:30:38,360 --> 00:30:40,840 Speaker 2: I don't mean to, you know, upset you, but I 696 00:30:40,880 --> 00:30:43,200 Speaker 2: also need X y Z and like, I know, as 697 00:30:43,280 --> 00:30:46,400 Speaker 2: financially impowered women, we probably should just be more direct. 698 00:30:46,840 --> 00:30:49,160 Speaker 2: But that's what makes me feel more comfortable to have 699 00:30:49,200 --> 00:30:51,560 Speaker 2: that conversation. And I think it's actually okay to have 700 00:30:51,640 --> 00:30:54,440 Speaker 2: conversations around money that just make you feel comfortable. Pat 701 00:30:54,480 --> 00:30:57,120 Speaker 2: it out however you like. But at the same time, 702 00:30:57,760 --> 00:31:00,600 Speaker 2: the conversation needs to be had, like if someone is 703 00:31:00,600 --> 00:31:04,120 Speaker 2: disrespecting a boundary, like I think a conversation around, well, 704 00:31:04,160 --> 00:31:06,920 Speaker 2: what's going on. This isn't the first time, not a 705 00:31:07,240 --> 00:31:09,040 Speaker 2: you haven't paid me back please do? I think I 706 00:31:09,040 --> 00:31:10,880 Speaker 2: would then take it to the next step and be like, look, 707 00:31:10,920 --> 00:31:12,960 Speaker 2: I just feel like this is really disrespectful, like why 708 00:31:13,040 --> 00:31:15,800 Speaker 2: is it happening? And then maybe that scarcity mindset conversation 709 00:31:15,840 --> 00:31:18,320 Speaker 2: could open up and maybe that's what's going on. But 710 00:31:18,480 --> 00:31:22,080 Speaker 2: if it's consistent, yeah, I don't think i'd cut them 711 00:31:22,080 --> 00:31:24,640 Speaker 2: without a conversation if they meant something to. 712 00:31:24,560 --> 00:31:26,000 Speaker 3: Me, Yeah, that's big of you. 713 00:31:26,760 --> 00:31:28,760 Speaker 2: Like some people, I've got all I've got. 714 00:31:28,800 --> 00:31:31,520 Speaker 3: It's all i've got. I feel like that's a perfect 715 00:31:31,520 --> 00:31:32,080 Speaker 3: place to leave it. 716 00:31:32,240 --> 00:31:34,120 Speaker 2: Yeah. I was about to say the same, We've got 717 00:31:34,120 --> 00:31:37,080 Speaker 2: to go. It's frayay, let's get out of here. Let's 718 00:31:37,080 --> 00:31:38,840 Speaker 2: get out of here, and we will see you guys 719 00:31:38,880 --> 00:31:39,600 Speaker 2: on Monday. 720 00:31:39,960 --> 00:31:41,120 Speaker 3: Fine by. 721 00:31:47,560 --> 00:31:50,160 Speaker 2: The advice shared on She's on the Money is generally 722 00:31:50,320 --> 00:31:54,120 Speaker 2: nature and does not consider your individual circumstances. She's on 723 00:31:54,160 --> 00:31:57,640 Speaker 2: the Money exists purely for educational purposes and should not 724 00:31:57,720 --> 00:32:00,720 Speaker 2: be relied upon to make an investment or financial decision. 725 00:32:01,080 --> 00:32:03,520 Speaker 2: If you do choose to buy a financial product, read 726 00:32:03,560 --> 00:32:07,719 Speaker 2: the PDS TMD and obtain appropriate financial advice tailored towards 727 00:32:07,720 --> 00:32:11,000 Speaker 2: your needs. Victoria Divine and She's on the Money are 728 00:32:11,080 --> 00:32:14,680 Speaker 2: authorized representatives of Money sheerper P t y lt D 729 00:32:14,920 --> 00:32:17,640 Speaker 2: A b N three two one six four nine two 730 00:32:17,760 --> 00:32:21,400 Speaker 2: seven seven zero eight AFS L four five one two 731 00:32:21,440 --> 00:32:24,080 Speaker 2: eight nine