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Speaker 1: Hello.

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Speaker 2: My name's Sanatasha Nabananga Bamblet. I'm a proud yr the

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Speaker 2: Order Kerni Whoalbury and a waddery woman. And before we

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Speaker 2: get started on She's on the Money podcast, I would

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Speaker 2: like to acknowledge the traditional custodians of the land of

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Speaker 2: which this podcast is recorded on a wondery country, acknowledging

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Speaker 2: the elders, the ancestors and the next generation coming through

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Speaker 2: as this podcast is about connecting, empowering, knowledge sharing and

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Speaker 2: the storytelling of you to make a difference for today

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Speaker 2: and lasting impact for tomorrow.

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Speaker 1: Let's get into it.

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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 does she He's on the Money, the

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Speaker 1: podcast for millennials who want financial freedom. Welcome to our

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Speaker 1: third birthday special episode of She's on the Money Friday Drinks.

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Speaker 1: It's live. It's our very first live episode and we

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Speaker 1: have a whole community here make it sound Thank you

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Speaker 1: for making it sound like I wasn't pretending, so thank

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Speaker 1: you for that. We also have a very nervous Jess

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Speaker 1: and George.

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Speaker 4: Hello.

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Speaker 1: Hello. If you keep mentioning their nervous, it makes them

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Speaker 1: feel better. But as you guys know, Friday means it

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Speaker 1: is time to kick back, grab a bev which you

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Speaker 1: literally have in hand this week, have a chat with

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Speaker 1: our friends about the week's highs, the week's lows, what's

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Speaker 1: been going on in our community, and we get to

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Speaker 1: celebrate you quite literally. This entire party was for you, guys.

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Speaker 1: The incredible She's on the money community never ceases to

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Speaker 1: amaze me. As always, we're going to share our favorite

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Speaker 1: money wins and not so many confessions this week, just

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Speaker 1: one congestion and confession. Is it yours? Oh? Okay, and

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Speaker 1: we're gonna help answer a few live questions from our community,

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Speaker 1: literally the ones in the room. Jessica Ricci, Georgia King.

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Speaker 1: Before we get there, though, how have you been.

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Speaker 5: We just got back from a flight not too long ago,

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Speaker 5: so I am very tired and also definitely not nervous

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Speaker 5: at all. So it's going really well for me.

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Speaker 1: Georgia King, I'm good.

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Speaker 3: I'm so excited to be here, so excited to have

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Speaker 3: you girlies home from Europe. It was a lonely time

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Speaker 3: without you, and yeah, I'm just really sweaty but excited

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Speaker 3: to be here.

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Speaker 1: I'm glad. We're really just vibing on this sweaty mess.

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Speaker 1: My mum always says like, you're not sweating, darling, you're listening.

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Speaker 1: I'm like, okay, no problems. But Jess, George, we usually

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Speaker 1: start each and every single week by recapping the shows

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Speaker 1: that were, but we're not going to do that this

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Speaker 1: week because you guys, we handpicked you to be here.

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Speaker 1: You all seem like She's on the Money ogs, you

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Speaker 1: know what's going on. But what we are going to

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Speaker 1: do is answer some live questions. But before we get there,

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Speaker 1: Georgia King, what has been going on in the She's

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Speaker 1: on the Money community this week?

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Speaker 3: Jess, I think that's your domain. If I'm mistakee no,

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Speaker 3: you go, my girl. Oh So we're gonna have a

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Speaker 3: little chat. We meant, we meant, Jess, we're changed going.

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Speaker 1: Well.

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Speaker 5: Somebody came up to me before and was like, I'm

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Speaker 5: so sorry. I know your voices, I don't know your

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Speaker 5: faces and you just saw Georgia, and I was like,

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Speaker 5: it's so fine, are you George?

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Speaker 1: And then do really naughty things I should have.

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Speaker 5: But we're gonna have a little chat about some things

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Speaker 5: that we've been seeing a lot of people talking about

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Speaker 5: in the community recently. Obviously, as I said, we've just

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Speaker 5: come home. Cost of living has been on a lot

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Speaker 5: of people's minds, and I was shocked when I got

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Speaker 5: off the plane. I trove to the airport on empty

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Speaker 5: because that's who I am as a person.

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Speaker 1: She gives me mad anxiety, like it's flashing at her

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Speaker 1: and I'm like, you're gonna break down on the freeway, Jessica,

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Speaker 1: She's like, now, I've been here before. It's not even

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Speaker 1: that bad.

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Speaker 5: The light is just there to let you know that

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Speaker 5: it's nearly time. So I parked at the airport. Obviously

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Speaker 5: had to fill up at the airport gas station on

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Speaker 5: the way home, and I nearly cried when I saw

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Speaker 5: it was two dollus twenty e liter. I think it

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Speaker 5: was maybe at one eighty when we left, So definitely

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Speaker 5: feel it there. Also, apparently Lettuce is super exciting.

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Speaker 1: We've come home to Lettuce being really expensive. And we

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Speaker 1: saw this on Instagram because obviously, like we said, we

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Speaker 1: were on holiday and we were like, we're really uncontactable.

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Speaker 1: Please don't talk to us. Sorry, I are in, but

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Speaker 1: we just can't talk while we're on holiday. We holiday

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Speaker 1: and like jess and I are in the Facebook group

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Speaker 1: every day, be like did you see these? Yeah, so

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Speaker 1: we're like talking about it, and people were talking about lettus.

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Speaker 1: I'm like, this is wild. But I went down to

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Speaker 1: my local calls and I was like, thirteen dollars for

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Speaker 1: an iceberg? I think not, We're going to go back

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Speaker 1: to frozen spinach dollar eighty a packet just as.

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Speaker 4: Good, just as good.

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Speaker 5: And I think the thing that a lot of people

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Speaker 5: are stressing about is obviously inflation is kind of hitting

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Speaker 5: all of us at the moment. We're all feeling it

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Speaker 5: across the board, from utilities to groceries and all those

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Speaker 5: kinds of things. And a lot of people in the

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Speaker 5: Facebook group have been asking is it gonna get worse?

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Speaker 5: Can we expect it to continue? Should we be preparing?

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Speaker 5: Do I need to start growing my own lettuces?

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Speaker 2: Like?

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Speaker 4: What do I do?

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Speaker 1: I mean you could? Do you have enough room at

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Speaker 1: your place?

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Speaker 5: No?

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Speaker 4: My backout is one meter deep, So.

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Speaker 1: Okay, so not an option. Yeah, look, that's a pretty

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Speaker 1: blunt question. Is it going to get worse? Let's be honest.

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Speaker 1: I sorry to bring this party wiped out. Yeah it is.

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Speaker 1: We're headed for a recession. It was announced mid June

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Speaker 1: that we're officially in a recession. Oh no, sorry, that

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Speaker 1: was draw romantic. We're officially in a bear market. So

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Speaker 1: a bear market, yes, literally, it does mean bear as

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Speaker 1: in the animal. It's not some technical term or acronym.

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Speaker 1: It is quite literally the animal. But a bear market

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Speaker 1: officially is when the share market is down by twenty

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Speaker 1: percent from its twelve month average high. That can be

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Speaker 1: really scary for investors. It can be really scary for

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Speaker 1: our community to be honest as an advisor, as someone

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Speaker 1: who's quite literally obsessed with shares and research and data,

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Speaker 1: like we knew this was coming. It doesn't make it

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Speaker 1: any easier to swallow because it is really hard. But

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Speaker 1: I guess inflation is a really good indicator of that.

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Speaker 1: As that increases, it's very good indicator that we're in

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Speaker 1: the shed markets probably not doing as well as it could.

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Speaker 1: We've obviously had a lot of like tumultuous times over COVID.

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Speaker 1: I mean Australia was here really hard as well with

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Speaker 1: the bushfires before COVID. And then we also now have

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Speaker 1: your Russia invading Ukraine which is stopping a lot of

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Speaker 1: export and global economies actually functioning properly. So we are,

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Speaker 1: according to Victoria divine already in one, but according to economists,

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Speaker 1: not in one yet, but headed towards one. That sounds

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Speaker 1: like a bit of a downer. But the thing I

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Speaker 1: love about this conversation is I guess that this isn't

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Speaker 1: our first time seeing our first rodeo. My friends, we've

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Speaker 1: been here before. The importance here is on saving and

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Speaker 1: making sure we have good emergency funds and that we know,

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Speaker 1: and we talk about financial literacy. It is going to

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Speaker 1: put a lot of pressure on us, but I mean,

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Speaker 1: we need to just be smart. We're talking about asparagus before,

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Speaker 1: pretty cheap option, much cheaper at the moment than I

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Speaker 1: spurk lists.

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Speaker 4: So thrilling party conversation happen money.

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Speaker 1: I think they were happy to talk about asparagus because

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Speaker 1: usually I'm like, so, do you want to talk about

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Speaker 1: the beer market? Not really? Not really what content all

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Speaker 1: you're posting? Can it be peach?

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Speaker 3: It's an exciting place to start their recession chat, guys,

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Speaker 3: I'm afraid.

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Speaker 1: I mean it's corna by rogue, but that's okay. Do

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Speaker 1: you want to do you want to carry on? Just

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Speaker 1: anything else that you would like to say before we

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Speaker 1: get into our budget direct money wins.

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Speaker 4: No, I think. Let's bring the mood up a little.

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Speaker 1: Let's bring the mood up. Let's get into guys. In

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Speaker 1: official podcast format, it is time for our budget direct

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Speaker 1: money wins of the week. Georgia King Jeeking on tour.

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Speaker 1: What have you got for us?

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Speaker 3: I've got some pearlers as usual, guys. The first win

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Speaker 3: of the week comes from Shell Money Win. I recently

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Speaker 3: got to pay rise of eighty dollars a fortnight, but

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Speaker 3: instead of spending the extra cash frivolously, I increased my

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Speaker 3: fortnightly mortgage repayments by eighty dollars.

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Speaker 1: No longer here.

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Speaker 3: That is very smart ten discipline. We love to see it.

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Speaker 3: The next win comes from Rihanna money whin. I recently

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Speaker 3: started a new job inter state and they offered a

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Speaker 3: three thousand, five hundred dollars reimbursement award to pay it

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Speaker 3: for my moving costs, which included petrol, it included food,

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Speaker 3: it included accommodation while her fiance and her were moving

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Speaker 3: from her home state to her new state.

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Speaker 4: I feel like that's not a usual thing.

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Speaker 1: No, that's a lot of money as well. I mean,

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Speaker 1: moving costs are a lot. I moved to me recently,

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Speaker 1: very offended.

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Speaker 3: Yeah, well, I mean I kind of want to work

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Speaker 3: for Rihanna's place.

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Speaker 4: Oh do you a little do they're hiring?

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Speaker 3: Yeah, ah, they're hiring. Okay, move on, love your talk.

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Speaker 3: The next win here is from Imagen. I finally got

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Speaker 3: my emergency fund to crack one thousand dollars and rewarded

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Speaker 3: myself by buying some additional shares. Very she's on the

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Speaker 3: money of her such as she's.

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Speaker 1: On the money reward like most people like. Oh my god,

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Speaker 1: So I went out and blew all my money on champagne.

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Speaker 1: Cough me, but I rewarded myself with some shares. Girl,

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Speaker 1: you have got it more together than we do.

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Speaker 3: We also wrote that it's the first time she's ever

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Speaker 3: had a savings account with over one thousand.

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Speaker 1: Dollars, so incredible. I love that.

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Speaker 3: The next one here is from Casey. Just this one

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Speaker 3: reminded me of you. She's very organized. We can all

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Speaker 3: take some tips away from this one money win. I've

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Speaker 3: been trying to get ahead on Christmas shopping, and today

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Speaker 3: I went into a lotion slash soap shop and they

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Speaker 3: were having a huge sale where the things were fifty

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Speaker 3: to seventy five percent off.

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Speaker 1: Did she say what the company wants just lotion slash soap.

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Speaker 1: Who says that, I don't know. God, sexy Land that's

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Speaker 1: what she's talking about, right, Well, hold on a minute.

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Speaker 3: She said that she's so excited because she saved ninety

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Speaker 3: dollars and she's going to collate all of this for

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Speaker 3: her coworker is later on in the year, mate, So

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Speaker 3: not sexy Land is what we're saying.

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Speaker 1: That she gives really inappropriate gifts. I feel like I

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Speaker 1: love context. You know her money wins, so feel free

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Speaker 1: if you're boasting to give me as much as possible.

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Speaker 3: The next one here, guys, is a long one, but

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Speaker 3: it's a good one, so bear with me. It is

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Speaker 3: from Eileen. So yesterday, my partner and I accidentally locked

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Speaker 3: ourselves out of the house after a rushed exit. We

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Speaker 3: called a locksmith and it was going to cost one

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Speaker 3: hundred and eighty dollars for them to get us in.

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Speaker 3: No thanks. We decided to leave it and go out

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Speaker 3: to dinner. This is the unnecessary detail.

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Speaker 1: Like how they solve problems like I do, oh got

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Speaker 1: a problem, let's going out for dinner.

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Speaker 3: I was going out to dinner booking as our friends

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Speaker 3: flew up from Sydney to catch up with us in Brisbane.

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Speaker 1: That's the detail we love.

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Speaker 3: Over this dinner, she told us she'd actually picked a

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Speaker 3: lock before and that with a bit of patience, bit

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Speaker 3: of elbow grease, you can actually do it yourself, which

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Speaker 3: is kind of alarming. So after dinner they made a

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Speaker 3: twelve am dash to the chemist. They bought a twenty

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Speaker 3: pack of Bobby pins. Twenty minutes later, after fiddling with

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Speaker 3: the lock, they managed to open the door. Long story short,

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Speaker 3: I saved my partner and I one hundred and eighty dollars.

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Speaker 3: And we're all terrified at that story. Money we know, yeah,

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Speaker 3: do you reckon?

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Speaker 5: Anyone could do that? Because that makes me very inference.

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Speaker 1: I feel like that's a skill I want to have

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Speaker 1: in my back pocket. Sucks. Oh my god. I love

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Speaker 1: that she thinks it's a money winner as well, because

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Speaker 1: like Bobby wins, nover girl, you had to buy those.

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Speaker 1: You got twenty of them. They are lasting point two

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Speaker 1: seconds in my house? What else you got? Okay?

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Speaker 3: The next one is my favorite, They're all my favorite.

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Speaker 3: This one's my favorite comes from Ali money loss, but

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Speaker 3: life win. I finally got the hedgehog I've wanted since

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Speaker 3: I was a teenager.

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Speaker 1: I really should have read through this before letting you

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Speaker 1: read it out on stage.

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Speaker 3: I got her from a rescue about an hour from me,

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Speaker 3: and it was one hundred and fifty dollars in adoption fees,

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Speaker 3: another fifty in food and supplies, and I've spent another

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Speaker 3: fifty on fun accessories such as a dedicated snubble bag

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Speaker 3: to carry her in.

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Speaker 1: No judgment, no, no, I love that she's clearly not

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Speaker 1: in Australia. She's based in the US. Okay research where

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Speaker 1: a little bit of stalky stalks. The next commet down,

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Speaker 1: Well we need to say hedgehog. I was like, everyone's laughing,

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Speaker 1: but hahah, she's probably gonna say hedgehogs life like the animal.

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Speaker 5: We're going to be in the States later in the

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Speaker 5: yard in Orlando. So, Alie, I want to meet your

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Speaker 5: hedgehog please?

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Speaker 1: Yeah, Like, if you're in Orlando, we will meet you.

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Speaker 1: But to be honest, I would pay for flights to

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Speaker 1: go see your hedgehogs. So wherever you are, let me know.

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Speaker 3: The final win of the day, lady is it comes

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Speaker 3: from Emily. It's a bit of an inspirational one to

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Speaker 3: leave us with money.

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Speaker 2: Win.

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Speaker 3: I did an odd air tasker job for paralegal work

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Speaker 3: as I'm currently on matt leave and in my final

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Speaker 3: semester of my law degree, I got paid three hundred

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Speaker 3: dollars for a couple hours of work and I got

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Speaker 3: to do it from home. Huge There is more, though,

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Speaker 3: double win, I got offered a job out of the

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Speaker 3: work I did where I'm able to work remotely with

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Speaker 3: flexible hours which work around my baby's sleeping time. And

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Speaker 3: I'm now earning double the amount of what I do

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Speaker 3: at my current paralegal part time job. So now I'm

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Speaker 3: doing both two days a week and I've increased my

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Speaker 3: annual salary by thirty five thousand dollars and I don't

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Speaker 3: even need to get out of my pjs to do.

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Speaker 1: What on air on air taskar, I've literally only used

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Speaker 1: that to get people to put itafiron together for me

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Speaker 1: so that my relationship stays intact. Like literally, I didn't

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Speaker 1: know that was an option. Guys, don't get any ideas.

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Speaker 1: That's it for the week, guy, That's all you've got. Well, guys,

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Speaker 1: it has been so great celebrating some of your budget

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Speaker 1: direct money wins Budget Direct winner of Canstars twenty twenty

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Speaker 1: two Insurer of the Year Award. Budget Direct Insurance solved

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Speaker 1: and now we're going to head to a really quick break.

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Speaker 3: Hi, bet, have you got a money dilemma you just

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Speaker 3: can't solve That. She's on the Money team is here

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Speaker 3: to help. Every week we tackle your dilemmas, both big

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Speaker 3: and small, to answer your most burning money, career and

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Speaker 3: life questions. To get involved, simply head to our website

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Speaker 3: and leave us a quick voice recording and you may

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Speaker 3: just find yourself on the show. Now let's take a

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Speaker 3: listen to today's money dilemma.

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Speaker 1: Now it is time for some audience interaction and to

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Speaker 1: solve a you juicy it money dilemmas and a Lisa.

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Speaker 1: I believe that you have a lineup of incredibly special

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Speaker 1: Shees on the Money members to ask their questions live.

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Speaker 1: We've got some good ones for you. Victoria Terrible Advice Live.

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Speaker 6: Hello, Hello, I'm Maddied lovely in person. My question is,

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Speaker 6: I guess, in your opinion, what are the best ways

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Speaker 6: that we can set ourselves up to be financially secure

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Speaker 6: long term into our future?

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Speaker 4: Can I start sure?

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Speaker 1: I don't know any of that money.

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Speaker 5: I started by paying off debt I was listening in

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Speaker 5: the Shees on the Money community two years ago with

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Speaker 5: a whole truckload of personal debt. And you know, the

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Speaker 5: advice that you gave then was if you have savings

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Speaker 5: and debt, you don't actually have savings. And that really

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Speaker 5: hit home for me. And so I worked really hard

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Speaker 5: and I paid off my debt and it was like

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Speaker 5: I became a new person. It like really lifted a

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Speaker 5: weight off of my shoulders and it made me feel

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Speaker 5: like I could tackle my new financial goals without that

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Speaker 5: burden over my head.

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Speaker 4: So that's where I would.

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Speaker 1: Start, a very good starting point. Oh, George, you've got

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Speaker 1: something to say, O, yes, we'll get.

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Speaker 4: To v lord.

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Speaker 3: So I would say probably taking super seriously is very important.

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Speaker 3: I think a lot of people tune out when they

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Speaker 3: hear the word superannuation. It's boring, don't he excuse me?

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Speaker 1: Actually, like my favorite thing in the entire world, Like,

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Speaker 1: how many of you can say, I'm investing ten point

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Speaker 1: five percent as of tomorrow, ten point five percent of

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Speaker 1: my money into an investment for my financial future? Huh

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Speaker 1: jokes all of you? Because of super Like that's the

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Speaker 1: impulsory all right, carry on, sorry.

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Speaker 4: But it is.

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Speaker 3: It's so important for women, and we know when we

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Speaker 3: get to retirement, so many of us end up in

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Speaker 3: a much worse off position, especially compared to men, because

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Speaker 3: we have taken time out of the workforce to raise families.

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Speaker 3: And there's so many other factors that go into it.

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Speaker 3: But I think, especially if you're self employed or freelance,

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Speaker 3: make sure you're paying super because it is so very important,

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Speaker 3: little boring but important. The other thing I would say

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Speaker 3: is don't use after pay if you can avoid it,

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Speaker 3: Like that was maybe obvious, an obvious take from us,

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Speaker 3: but yeah, not a fan of what.

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Speaker 1: Do you mean do we not? Like not the biggest fans. Interesting,

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Speaker 1: I'm not going to go on and on about them

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Speaker 1: because they already got them to ask me to stop,

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Speaker 1: So not gonna though. All Right, So I feel like

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Speaker 1: that is an epic question, and I totally agree with that.

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Speaker 1: Like Jess's advice of getting out of debt is the

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Speaker 1: one thing that I would say is a priority if

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Speaker 1: you're in it right now. I feel like it's so

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Speaker 1: easy to bury your head in the sand around consumer

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Speaker 1: debt because it feels overwhelming, And yeah, I guess that's

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Speaker 1: where you came from too, Jess. You or she's on

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Speaker 1: the money community member, now you are she's on the money,

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Speaker 1: which is so cool to me, But my advice would

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Speaker 1: really be so boring and comparison to hear answers this

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Speaker 1: budget and it's cash flow, and it's remembering that it's

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Speaker 1: not actually what you earn, it's what you save and

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Speaker 1: invest and care about. It's really about your ability to

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Speaker 1: understand every single dollar that comes Because I basically can

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Speaker 1: guarantee all of you are able to answer the question

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Speaker 1: of like how much do you earn? You'll be like, oh,

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Speaker 1: I earn sixty grand, or earn seventy or awn more

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Speaker 1: than that or whatever it is, but not many of

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Speaker 1: you could say on an annual figure, like we'll actually

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Speaker 1: spend sixty grand a year, like we don't know that number.

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Speaker 1: And I think that that's such a powerful number to

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Speaker 1: understand because if we can get an understanding of every

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Speaker 1: dollar that comes in and work out what job that

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Speaker 1: dollar has it doesn't matter what it is, and understand

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Speaker 1: them what leaves our bank account, that's where our power is.

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Speaker 1: That's what we can actually, you know, use to put

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Speaker 1: ourselves back in control because we understand it, and not

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Speaker 1: many people genuinely understand their cash flow. And I say

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Speaker 1: that as a legitimate financial advisor who talks to people

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Speaker 1: who earn sixty grand a year, but also people who

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Speaker 1: earn four hundred five hundred two million dollars a year

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Speaker 1: literally on a weekly basis. And even those people, once

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Speaker 1: they are earning millions a year, they genuinely can't tell

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Speaker 1: me either. Some of my wealthiest clients are not the

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Speaker 1: ones that are earning millions. Is the ones that were

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Speaker 1: consistent and steady and understood and cared and we can

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Speaker 1: all do that. It is hard at the start to

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Speaker 1: pull your head under the sound because it is overwhelming.

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Speaker 1: But from my position, it's really about that budgeting cash

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Speaker 1: flow as a foundational skill to then you know, go

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Speaker 1: all right, this is my budget. This is what debt

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Speaker 1: can do for me. Okay, now I need to care

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Speaker 1: about super like. There are heaps of steps, but like

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Speaker 1: that for me would be the first one. I hope

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Speaker 1: that answers your question. Yes, that was beautiful.

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Speaker 4: Thank you, got chazs wen up.

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Speaker 7: Next, thank you, Happy birtha, victorious my birthday, two birthday, buddies.

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Speaker 4: Birthday, thank you. Yeah.

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Speaker 7: So my question was, as a fellow data nerd, I

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Speaker 7: was hoping that you would be able to tell me

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Speaker 7: whether you had plans to unpack the latest twenty twenty

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Speaker 7: one census starter on the pod.

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Speaker 1: I mean, yeah, like, do you want us to unpack it?

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Speaker 1: Now we can because guess what I knew you were

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Speaker 1: going to ask. It was the only question they've waten

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Speaker 1: us all because like, you can't just sit up here

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Speaker 1: and have some data questions and be like, yeah, I'll

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Speaker 1: unpack that on the pod theater. Thanks for coming, Jasmine.

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Speaker 1: Also thanks for asking that as an end of financial

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Speaker 1: year baby. Our friend over here, Georgia King, did some research.

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Speaker 3: And by that she means I read one article and

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Speaker 3: I'm going.

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Speaker 1: To share the find just one that came up on

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Speaker 1: Google news dot com dot are you pulling through with

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Speaker 1: the goods?

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Speaker 4: You're not wrong?

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Speaker 3: Actually, So Statskirl, though coming at you, OG fans will

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Speaker 3: know you.

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Speaker 1: You are known as stats girl in the community. Could

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Speaker 1: be statskill two point zero.

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Speaker 3: So a couple of stats that have come out from

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Speaker 3: this first batch of census.

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Speaker 1: There's more to.

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Speaker 3: Come, plenty more to come, which we will dig into

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Speaker 3: when we do do our big episode on it. But

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Speaker 3: millennials have caught up to baby boomers, so I think

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Speaker 3: there's five point five million of US five point five

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Speaker 3: million of them. There's a couple in Australia, not across

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Speaker 3: the world.

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Speaker 1: That would be small because the census is Australia. Correct.

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Speaker 4: Are we thing new boomer does that? Like, that's what's

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Speaker 4: becoming career?

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Speaker 1: Okay? But according to the guy on TikTok on the

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Speaker 1: videos watching this instead of doing work and preparing for this,

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Speaker 1: he was like, oh my gosh. Yeah, So the older

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Speaker 1: generation on TikTok like, you know that, you guys born

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Speaker 1: in the nineties. I was like, sir, the older generation ogo,

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Speaker 1: it hurts.

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Speaker 3: So that was the first stat and the second start

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Speaker 3: was that there's been a huge increase in people moving

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Speaker 3: back home. So I think it was for men, there's

438
00:20:23,040 --> 00:20:26,400
Speaker 3: been an increase since the last census of about seventeen percent,

439
00:20:26,600 --> 00:20:29,640
Speaker 3: so it's something like two hundred and eighty thousand men

440
00:20:29,800 --> 00:20:32,200
Speaker 3: between the ages of twenty five and thirty four are

441
00:20:32,200 --> 00:20:34,640
Speaker 3: back at home. And for women, it's been a jump

442
00:20:34,680 --> 00:20:36,639
Speaker 3: of like thirteen or fourteen percent, and it's about one

443
00:20:36,720 --> 00:20:39,879
Speaker 3: hundred and eighty thousand people women within that age bracket

444
00:20:39,880 --> 00:20:43,640
Speaker 3: are back at home, which I think is understandable given

445
00:20:43,760 --> 00:20:45,080
Speaker 3: like accountable, darker.

446
00:20:44,840 --> 00:20:48,160
Speaker 1: Time we're living in. As previously mentioned, let's reframe that

447
00:20:48,240 --> 00:20:50,560
Speaker 1: though they've all been listening to Shoes on the Money

448
00:20:50,560 --> 00:20:52,800
Speaker 1: and want to save money, and they've made the decision

449
00:20:52,960 --> 00:20:58,000
Speaker 1: to move home because they're financially savvy, that's it. I've

450
00:20:58,040 --> 00:21:00,720
Speaker 1: also been doing a little bit of research, mainly because

451
00:21:00,760 --> 00:21:02,440
Speaker 1: the second it came out, I was on the ABS

452
00:21:02,440 --> 00:21:06,800
Speaker 1: website like, ha, this is so fun. Unsurprisingly, our income

453
00:21:06,880 --> 00:21:09,640
Speaker 1: has increased, I mean, not as much as we need

454
00:21:09,640 --> 00:21:12,320
Speaker 1: to keep up with inflation, but it's gone from six

455
00:21:12,400 --> 00:21:16,440
Speaker 1: hundred and sixty two dollars to eight hundred and five dollars,

456
00:21:16,480 --> 00:21:18,440
Speaker 1: which is a nice little boost of one hundred and

457
00:21:18,520 --> 00:21:22,399
Speaker 1: forty three dollars. We like the income is increasing because

458
00:21:22,440 --> 00:21:26,359
Speaker 1: obviously that's reflective of a semi healthy economy. But the

459
00:21:26,440 --> 00:21:28,919
Speaker 1: thing that I didn't like about it is that, like

460
00:21:29,000 --> 00:21:34,640
Speaker 1: that gender and demographical and geographical disparity is still there,

461
00:21:34,720 --> 00:21:37,760
Speaker 1: so you know, there is still that gap between males

462
00:21:37,800 --> 00:21:40,040
Speaker 1: and females and what they earn, and people who are

463
00:21:40,080 --> 00:21:42,520
Speaker 1: living regionally and people who are living in metro and

464
00:21:42,520 --> 00:21:45,040
Speaker 1: what they earn. And I guess looking at that, they're

465
00:21:45,080 --> 00:21:47,760
Speaker 1: the statistics that as a community and as she's on

466
00:21:47,800 --> 00:21:49,480
Speaker 1: the money, we really want to focus on. We don't

467
00:21:49,480 --> 00:21:50,840
Speaker 1: want to go, oh my god, we're earning more like

468
00:21:50,880 --> 00:21:53,320
Speaker 1: because we kind of not like as a community, we're women,

469
00:21:53,440 --> 00:21:55,080
Speaker 1: so like, that's a nice number. But did we all

470
00:21:55,080 --> 00:21:57,760
Speaker 1: get that pay rise? Probably not, let's be honest. And

471
00:21:57,800 --> 00:22:01,320
Speaker 1: then the second thing is really interesting statistic. There are

472
00:22:01,400 --> 00:22:04,760
Speaker 1: now in Australia more than one million people that are

473
00:22:05,040 --> 00:22:09,919
Speaker 1: earning more than three grand a week. So that's a

474
00:22:09,920 --> 00:22:13,800
Speaker 1: lot of money. And you go million relatable content, unrelatable content.

475
00:22:13,880 --> 00:22:16,480
Speaker 1: I clearly don't pay these guys well enough, but to

476
00:22:16,520 --> 00:22:19,840
Speaker 1: put that in context of our population, that means one

477
00:22:19,920 --> 00:22:22,800
Speaker 1: in twenty five people are now earning more than one

478
00:22:22,840 --> 00:22:25,720
Speaker 1: hundred and fifty six thousand dollars each and every single week,

479
00:22:25,760 --> 00:22:27,920
Speaker 1: which means when you go to Cohle's, you're just walking

480
00:22:27,920 --> 00:22:30,800
Speaker 1: around with some people who are technically rich every single time,

481
00:22:30,840 --> 00:22:31,840
Speaker 1: which is kind of cool.

482
00:22:33,440 --> 00:22:34,840
Speaker 4: They're buying all the Iceberg.

483
00:22:34,560 --> 00:22:36,959
Speaker 1: Lettus, They're buying all the Iceberg lettuce. That's why they

484
00:22:37,000 --> 00:22:39,320
Speaker 1: can charge that much because they know, apparently we can

485
00:22:39,359 --> 00:22:42,440
Speaker 1: afford it. The other thing is unemployment rates are up,

486
00:22:42,520 --> 00:22:44,480
Speaker 1: and I wanted to mention that when we're talking about,

487
00:22:44,520 --> 00:22:48,080
Speaker 1: you know, data and around the census, because that is

488
00:22:48,119 --> 00:22:51,560
Speaker 1: not surprising, given COVID, given everything that is happening, given

489
00:22:51,640 --> 00:22:53,480
Speaker 1: the fact that we are now officially in a bear

490
00:22:53,560 --> 00:22:57,080
Speaker 1: market and that we're heading towards a recession, I'm not

491
00:22:57,160 --> 00:23:00,600
Speaker 1: surprised by this, but it is disheartening because one point

492
00:23:00,640 --> 00:23:05,080
Speaker 1: six six seven million people are now unemployed. And as

493
00:23:05,160 --> 00:23:08,480
Speaker 1: much as that's a terrifying number, because essentially, back to

494
00:23:08,520 --> 00:23:10,960
Speaker 1: the statistic I gave you before, of now a million

495
00:23:11,000 --> 00:23:13,920
Speaker 1: people are earning more than three grand a week, that's

496
00:23:13,960 --> 00:23:16,639
Speaker 1: one in twenty five people that are unemployed. Like that

497
00:23:16,760 --> 00:23:19,359
Speaker 1: is a lot of people, and given the recession that

498
00:23:19,480 --> 00:23:22,640
Speaker 1: is coming, it's only going to increase. So I think

499
00:23:22,680 --> 00:23:24,399
Speaker 1: that we need to just be really conscious of our

500
00:23:24,440 --> 00:23:27,560
Speaker 1: emergency funds, really conscious of what's going on, having a

501
00:23:27,600 --> 00:23:29,639
Speaker 1: little bit of empathy for the people that are surrounding us,

502
00:23:29,720 --> 00:23:32,800
Speaker 1: because it's not going to be easy for everybody. That's

503
00:23:32,840 --> 00:23:37,280
Speaker 1: a really dull Later ended, Jasmine, I hope that has

504
00:23:37,320 --> 00:23:39,200
Speaker 1: answered some of it, but yes, we're going to do

505
00:23:39,240 --> 00:23:41,800
Speaker 1: an entire episode. But the thing about the ABS is

506
00:23:41,840 --> 00:23:44,280
Speaker 1: they don't release all census starter at once. They like

507
00:23:44,320 --> 00:23:46,920
Speaker 1: to like trickle it out to keep the engagement rates high.

508
00:23:47,200 --> 00:23:49,560
Speaker 1: Kind of rude, kind of what we do. Maybe they've

509
00:23:49,560 --> 00:23:53,000
Speaker 1: got our strategy to keep their community engaged. Yeah, we

510
00:23:53,040 --> 00:23:55,320
Speaker 1: will do a whole episode on it when we have enough,

511
00:23:55,320 --> 00:23:57,480
Speaker 1: because I really want to crack that. The thing I

512
00:23:57,560 --> 00:23:59,760
Speaker 1: also want to crack is our own community census, which

513
00:23:59,800 --> 00:24:02,120
Speaker 1: will be coming out in the next month or so,

514
00:24:02,119 --> 00:24:04,440
Speaker 1: so we get a really good feel of what our

515
00:24:04,480 --> 00:24:08,160
Speaker 1: community are doing, not just what Australia is doing. So

516
00:24:08,680 --> 00:24:09,160
Speaker 1: thank you.

517
00:24:09,600 --> 00:24:12,199
Speaker 4: Happy birthday, Happy birthday, Thank you.

518
00:24:13,200 --> 00:24:17,639
Speaker 1: Hi guys him Chloe, is it your birthday too? No, well,

519
00:24:17,640 --> 00:24:20,560
Speaker 1: happy birthday when your birthday is thank you. I wanted

520
00:24:20,600 --> 00:24:23,240
Speaker 1: to ask a question about your careers. So you guys

521
00:24:23,240 --> 00:24:27,240
Speaker 1: are obviously thriving and it's amazing to see, but it

522
00:24:27,240 --> 00:24:29,360
Speaker 1: would just be great to hear how you knew what

523
00:24:29,400 --> 00:24:31,800
Speaker 1: you wanted to do, if you did, and how you

524
00:24:31,920 --> 00:24:36,919
Speaker 1: got to where you are today. Spoiler we didn't. What

525
00:24:36,960 --> 00:24:37,360
Speaker 1: do you mean?

526
00:24:38,000 --> 00:24:39,720
Speaker 4: Yeah, well, I'll take it.

527
00:24:39,800 --> 00:24:42,080
Speaker 3: Firstly, that's like the nicest thing anyone's ever said to me.

528
00:24:42,119 --> 00:24:45,919
Speaker 3: Thank you so much. But I would say for me,

529
00:24:46,440 --> 00:24:49,000
Speaker 3: I never knew what I wanted to do. All I

530
00:24:49,040 --> 00:24:52,280
Speaker 3: knew in high school was that I liked writing, I

531
00:24:52,440 --> 00:24:54,800
Speaker 3: liked talking, and I liked performing a little bit of

532
00:24:54,800 --> 00:24:57,600
Speaker 3: a drama rge, and so that led me to like

533
00:24:57,640 --> 00:25:00,520
Speaker 3: a career in media. But I was always really jealous

534
00:25:00,520 --> 00:25:01,960
Speaker 3: of the kids in school that were like, I want

535
00:25:01,960 --> 00:25:04,119
Speaker 3: to be a nurse, and that path was really clear, Oh,

536
00:25:04,119 --> 00:25:05,320
Speaker 3: I want to be a surgeon, I want to be

537
00:25:05,320 --> 00:25:07,720
Speaker 3: a teacher, and it was just really obvious where it's me.

538
00:25:07,800 --> 00:25:10,280
Speaker 3: I was like, I like to talk and write. So yeah,

539
00:25:10,280 --> 00:25:13,720
Speaker 3: eventually found my way into a media degree and from

540
00:25:13,800 --> 00:25:17,720
Speaker 3: there have just done numerous roles in various companies, doing

541
00:25:17,880 --> 00:25:20,040
Speaker 3: lots of different things, driving golf buggies at the Grand

542
00:25:20,119 --> 00:25:23,920
Speaker 3: Prix to now hosting Shees on the Money, And Yeah,

543
00:25:23,960 --> 00:25:27,520
Speaker 3: I think if you're kind of questioning where you want

544
00:25:27,560 --> 00:25:30,199
Speaker 3: to direct your career, it's a really good idea just

545
00:25:30,240 --> 00:25:32,680
Speaker 3: to ask yourself what you love, what you're passionate about,

546
00:25:32,920 --> 00:25:36,000
Speaker 3: what you're good at, and then try and push yourself

547
00:25:36,000 --> 00:25:40,040
Speaker 3: into those spaces just for like interning experience or work experience,

548
00:25:40,119 --> 00:25:42,399
Speaker 3: and see if it is what you want to do

549
00:25:42,880 --> 00:25:45,320
Speaker 3: from there. But yeah, I would also say, like you

550
00:25:45,440 --> 00:25:47,879
Speaker 3: just I don't feel like I'm nailing it at all,

551
00:25:47,960 --> 00:25:49,280
Speaker 3: Like I'm so sweaty.

552
00:25:51,320 --> 00:25:53,960
Speaker 4: But yeah, that's probably all I have to say.

553
00:25:54,320 --> 00:25:56,720
Speaker 3: Yeah, everyone has self doubt and struggles with career stuff,

554
00:25:56,760 --> 00:25:58,320
Speaker 3: so yeah, don't be hard on yourself.

555
00:25:58,320 --> 00:25:59,880
Speaker 4: If you are someone who is hard on yourself.

556
00:26:00,160 --> 00:26:03,000
Speaker 5: I feel my experience was pretty similar in that I

557
00:26:03,040 --> 00:26:04,240
Speaker 5: think I said this on the pod before.

558
00:26:04,280 --> 00:26:05,159
Speaker 4: Actually, like I had.

559
00:26:05,000 --> 00:26:09,160
Speaker 5: A really non linear career journey to get to here,

560
00:26:09,640 --> 00:26:12,200
Speaker 5: and I have this really clear memory of being in

561
00:26:12,280 --> 00:26:13,919
Speaker 5: high school and I was a fellow theater kid to

562
00:26:13,960 --> 00:26:15,000
Speaker 5: represent we.

563
00:26:14,880 --> 00:26:16,119
Speaker 1: Only hire drama kids.

564
00:26:16,320 --> 00:26:19,800
Speaker 5: Yeah, we are the drama apparently. But I remember sitting

565
00:26:19,840 --> 00:26:22,679
Speaker 5: in my career counselor's office and talking about what I

566
00:26:22,680 --> 00:26:24,240
Speaker 5: wanted to do, and I was like, I want to

567
00:26:24,240 --> 00:26:26,919
Speaker 5: be an actor, and they were like, well, you're not

568
00:26:26,960 --> 00:26:29,400
Speaker 5: going to be successful, You're never going to go anywhere.

569
00:26:29,760 --> 00:26:31,240
Speaker 5: Can you be a little more realistic?

570
00:26:31,400 --> 00:26:31,800
Speaker 1: And I just.

571
00:26:31,800 --> 00:26:35,119
Speaker 5: Remember being so devastated and so upset and I'm not

572
00:26:35,160 --> 00:26:35,600
Speaker 5: an actor.

573
00:26:35,800 --> 00:26:39,200
Speaker 1: Shockingly, I got told the same thing I got told

574
00:26:39,720 --> 00:26:42,159
Speaker 1: at the end of high school that I was a

575
00:26:42,200 --> 00:26:46,600
Speaker 1: basketball player on a tennis court. Well thanks, babe, cute

576
00:26:46,600 --> 00:26:48,080
Speaker 1: from that Jamous Filett look at this.

577
00:26:49,320 --> 00:26:51,040
Speaker 5: Yeah, And so I graduated and I kind of just

578
00:26:51,040 --> 00:26:53,520
Speaker 5: got a job in I think I was in real

579
00:26:53,640 --> 00:26:55,800
Speaker 5: estate and just doing admin, and I kind of worked

580
00:26:55,800 --> 00:26:58,640
Speaker 5: my way up and learned new skills and I ended

581
00:26:58,680 --> 00:27:01,040
Speaker 5: up here. Actually, during COVID, I was working in a

582
00:27:01,080 --> 00:27:04,120
Speaker 5: warehouse because I lost my job like so many people did,

583
00:27:04,240 --> 00:27:06,680
Speaker 5: and I just needed to put money on the table.

584
00:27:06,720 --> 00:27:08,520
Speaker 5: And I got a job working in a warehouse and

585
00:27:08,560 --> 00:27:11,560
Speaker 5: it definitely wasn't the dream, but it was a job,

586
00:27:11,560 --> 00:27:12,760
Speaker 5: and I was very grateful.

587
00:27:12,840 --> 00:27:13,840
Speaker 4: And I was.

588
00:27:13,760 --> 00:27:15,400
Speaker 5: Listening to Shees on Money, and I was paying off

589
00:27:15,400 --> 00:27:17,359
Speaker 5: my debt and I was doing all of the right things.

590
00:27:17,480 --> 00:27:20,439
Speaker 5: And I saw an Instagram post go up on the

591
00:27:20,480 --> 00:27:22,920
Speaker 5: Shoes on the Money Instagram that said you were hiring somebody,

592
00:27:22,960 --> 00:27:25,159
Speaker 5: and I was just like, oh my god, the stars

593
00:27:25,160 --> 00:27:27,600
Speaker 5: have aligned. I meant to be here, and I applied

594
00:27:27,640 --> 00:27:29,600
Speaker 5: for the job, and I just I remember I wanted

595
00:27:29,640 --> 00:27:30,880
Speaker 5: it so badly.

596
00:27:31,160 --> 00:27:34,439
Speaker 1: Yeahs old, I'm sorry to money in here, Like, I

597
00:27:34,440 --> 00:27:36,200
Speaker 1: don't mean, how bad did you want it? I mean

598
00:27:36,880 --> 00:27:39,919
Speaker 1: I asked people to send a cover letter explaining why

599
00:27:39,960 --> 00:27:42,280
Speaker 1: they would want their job and their resume through Jess

600
00:27:42,320 --> 00:27:42,920
Speaker 1: what did you do?

601
00:27:43,480 --> 00:27:47,119
Speaker 4: I sent a video of myself saying how badly I

602
00:27:47,160 --> 00:27:48,240
Speaker 4: wanted to pinch job me to.

603
00:27:48,160 --> 00:27:50,960
Speaker 1: B It wasn't even just that she'd Jess is a

604
00:27:50,960 --> 00:27:53,240
Speaker 1: little bit of a YouTuber, so she'd created me this

605
00:27:53,320 --> 00:27:56,480
Speaker 1: customer YouTube, completely edited, telling me exactly why I was

606
00:27:56,480 --> 00:27:58,880
Speaker 1: a perfect fit. Should stop looking for anybody else because

607
00:27:58,880 --> 00:28:01,119
Speaker 1: I'm wasting my time. Here's what I do with schese

608
00:28:01,119 --> 00:28:02,960
Speaker 1: on the money. This is what your socials would look like,

609
00:28:03,000 --> 00:28:04,480
Speaker 1: this is what your content would be like. This is

610
00:28:04,480 --> 00:28:06,159
Speaker 1: why I know I'm the best for this job. And

611
00:28:06,160 --> 00:28:07,919
Speaker 1: I was like, you're coming in or.

612
00:28:08,200 --> 00:28:10,200
Speaker 4: Like two days later I started working on Yeah.

613
00:28:10,320 --> 00:28:12,040
Speaker 1: Literally, I was like, how much notice do you have

614
00:28:12,040 --> 00:28:13,639
Speaker 1: to give in your work in a warehouse? When do

615
00:28:13,720 --> 00:28:14,119
Speaker 1: you want me?

616
00:28:14,400 --> 00:28:14,520
Speaker 2: Like?

617
00:28:15,200 --> 00:28:18,199
Speaker 1: And it was fantastic. But I think that that's what

618
00:28:18,680 --> 00:28:20,840
Speaker 1: I guess, you know, as the person who's the employer,

619
00:28:20,880 --> 00:28:23,920
Speaker 1: and arguably I'm a very young, probably very different employer

620
00:28:23,960 --> 00:28:27,720
Speaker 1: to a lot of people. I've never looked at credentials

621
00:28:27,760 --> 00:28:31,360
Speaker 1: as some form of entitlement to a good job or

622
00:28:31,600 --> 00:28:35,120
Speaker 1: as some form of acknowledgment like and I look at it,

623
00:28:35,200 --> 00:28:38,680
Speaker 1: maybe because I'm privileged enough to have four degrees, I'm

624
00:28:38,680 --> 00:28:41,280
Speaker 1: just going, well, I'm still not smarter than these guys,

625
00:28:41,440 --> 00:28:44,800
Speaker 1: Like what's that done? For me. So I've always hired

626
00:28:44,880 --> 00:28:48,240
Speaker 1: on tenacity. I've always hired on energy. And the second

627
00:28:48,400 --> 00:28:49,800
Speaker 1: you know, not to rub your ego to me, if

628
00:28:49,800 --> 00:28:51,320
Speaker 1: you could just block your ears while I share this

629
00:28:51,360 --> 00:28:53,600
Speaker 1: with them, that would be great. The second I saw

630
00:28:53,680 --> 00:28:55,760
Speaker 1: justice application, I was like, I want that energy in

631
00:28:55,800 --> 00:28:58,600
Speaker 1: my business. I want the person who is as passionate.

632
00:29:00,040 --> 00:29:03,200
Speaker 1: Thought you were as passionate as I am about my business,

633
00:29:03,240 --> 00:29:05,000
Speaker 1: in my business working for me. I don't care if

634
00:29:05,000 --> 00:29:07,560
Speaker 1: she doesn't have the technical skills. I can see that passion.

635
00:29:07,600 --> 00:29:09,120
Speaker 1: I can see that I am going to be able

636
00:29:09,200 --> 00:29:11,600
Speaker 1: to teach her that that is fine by me. And

637
00:29:12,320 --> 00:29:17,560
Speaker 1: I had so many really educated, really experienced people apply

638
00:29:17,680 --> 00:29:20,720
Speaker 1: for the role that Jess applied for, and I just like,

639
00:29:20,800 --> 00:29:23,440
Speaker 1: I don't even care what you've done. I want the

640
00:29:23,480 --> 00:29:26,520
Speaker 1: person who genuinely wants it. And so I guess that's

641
00:29:27,400 --> 00:29:30,320
Speaker 1: about tenacity and actually just putting yourself forward. And we

642
00:29:30,400 --> 00:29:33,080
Speaker 1: know that women are far less likely to put themselves

643
00:29:33,160 --> 00:29:36,520
Speaker 1: forward when good jobs come up that they desperately want,

644
00:29:36,520 --> 00:29:37,959
Speaker 1: they go, oh, maybe if I have a few more

645
00:29:38,000 --> 00:29:41,240
Speaker 1: years of experience. I'm literally a boss telling you the experience.

646
00:29:41,240 --> 00:29:44,040
Speaker 1: It might matter, But like, what's the worst that could

647
00:29:44,080 --> 00:29:46,240
Speaker 1: happen if you put yourself forward. You've got a really

648
00:29:46,280 --> 00:29:49,760
Speaker 1: great experience. You've got more experience putting together a resume,

649
00:29:49,840 --> 00:29:53,280
Speaker 1: writing a cover letter, maybe having an interview, and the

650
00:29:53,280 --> 00:29:54,880
Speaker 1: worst thing that they can say is no, and you

651
00:29:54,960 --> 00:29:56,680
Speaker 1: just stay in the job that you were in before.

652
00:29:56,840 --> 00:30:01,560
Speaker 1: The alternative of that is you being consistently disappointed. And before, Georgia,

653
00:30:01,640 --> 00:30:05,680
Speaker 1: you said that you really admired those people who had

654
00:30:05,680 --> 00:30:09,040
Speaker 1: their stuff together in high school. This is so bad,

655
00:30:09,080 --> 00:30:10,840
Speaker 1: and I wish I'm not mentioning because I know you're

656
00:30:10,920 --> 00:30:13,520
Speaker 1: going to go looking for it. I found my Debutante

657
00:30:13,600 --> 00:30:19,640
Speaker 1: DVD from two thousand and eight DVD and I had

658
00:30:19,640 --> 00:30:22,480
Speaker 1: to like go find My partner used to play PlayStation

659
00:30:22,520 --> 00:30:24,200
Speaker 1: a lot. We didn't have a DVD player at home.

660
00:30:24,240 --> 00:30:25,720
Speaker 1: I had like be like, do we have a PlayStation

661
00:30:25,800 --> 00:30:27,680
Speaker 1: or something we could play a DVD. So I had

662
00:30:27,680 --> 00:30:30,520
Speaker 1: to go find it so I could watch this debutante thing.

663
00:30:30,600 --> 00:30:34,080
Speaker 1: And if you did your debutante, you know that he's

664
00:30:34,240 --> 00:30:37,360
Speaker 1: really weird looking back on it, like what was that?

665
00:30:37,920 --> 00:30:40,120
Speaker 1: They like present you and explain like what you want

666
00:30:40,120 --> 00:30:42,240
Speaker 1: to be when you grow up, and it's like mine

667
00:30:42,520 --> 00:30:46,080
Speaker 1: is Victoria wants to be a surgeon. Do I look

668
00:30:46,280 --> 00:30:49,080
Speaker 1: like a surgeon? So I feel like I was that

669
00:30:49,160 --> 00:30:51,880
Speaker 1: kid that was so stuck on what I wanted to

670
00:30:51,880 --> 00:30:53,880
Speaker 1: be when I grew up, because I knew that was

671
00:30:53,960 --> 00:30:55,680
Speaker 1: kind of impressive, right Like if I say I'm a

672
00:30:55,720 --> 00:30:57,080
Speaker 1: surgeon or I'm going to be a surgeon, and I'm

673
00:30:57,120 --> 00:31:00,000
Speaker 1: working towards that, like, that's good. So I just feel

674
00:31:00,120 --> 00:31:03,040
Speaker 1: like even if people around you seem to know what

675
00:31:03,040 --> 00:31:05,440
Speaker 1: they want, that doesn't necessarily mean that that's where they'll

676
00:31:05,520 --> 00:31:07,680
Speaker 1: end up or that's actually what they want, because I

677
00:31:07,680 --> 00:31:09,360
Speaker 1: think for me, I was just trying so hard to

678
00:31:09,400 --> 00:31:12,400
Speaker 1: pick something that gave me that sense of achievement that

679
00:31:12,480 --> 00:31:15,080
Speaker 1: I was trying to look for. And looking back on

680
00:31:15,120 --> 00:31:18,360
Speaker 1: my career, my arguably semi short career because I am

681
00:31:18,440 --> 00:31:21,880
Speaker 1: now in my heading towards my mid thirties, I look

682
00:31:21,960 --> 00:31:24,000
Speaker 1: back at it and go, all right, what is the

683
00:31:24,080 --> 00:31:27,520
Speaker 1: consistent here? And the consistent isn't actually a surgeon or

684
00:31:27,520 --> 00:31:30,120
Speaker 1: a psychologist, or a financial advisor or now a podcaster.

685
00:31:30,280 --> 00:31:32,479
Speaker 1: It is actually that I just wanted to help people,

686
00:31:32,760 --> 00:31:35,120
Speaker 1: and I was desperately searching for a way to connect

687
00:31:35,200 --> 00:31:38,960
Speaker 1: and to help and to put people in a better position.

688
00:31:39,160 --> 00:31:41,400
Speaker 1: And so for me. I think my advice would be

689
00:31:41,720 --> 00:31:44,320
Speaker 1: follow the things that give you energy, follow the things

690
00:31:44,320 --> 00:31:46,880
Speaker 1: that feel you full of joy, because they will grow.

691
00:31:47,360 --> 00:31:49,760
Speaker 1: And it's very hard to grow something that you don't

692
00:31:49,760 --> 00:31:51,840
Speaker 1: put a lot of love into. So I think that

693
00:31:52,040 --> 00:31:54,280
Speaker 1: when it comes to Korea, taking the pressure off what

694
00:31:54,320 --> 00:31:56,240
Speaker 1: that is and going what do I want to do

695
00:31:56,360 --> 00:31:58,920
Speaker 1: and how does that work? Because I think it's just

696
00:31:59,080 --> 00:32:01,280
Speaker 1: everything that has worked out for me in life isn't

697
00:32:01,280 --> 00:32:03,080
Speaker 1: because I was already good at it. It was because

698
00:32:03,080 --> 00:32:06,360
Speaker 1: I just gave it a crack. And you know, I

699
00:32:06,440 --> 00:32:10,040
Speaker 1: know what this looks like. I have been at panel events,

700
00:32:10,080 --> 00:32:12,960
Speaker 1: I've been at things. Look at the people on the stage.

701
00:32:13,000 --> 00:32:14,760
Speaker 1: I'm like, oh my god, Like they're so impressive or

702
00:32:14,800 --> 00:32:17,720
Speaker 1: they're this, or they're that or the other. Like we're

703
00:32:17,720 --> 00:32:19,840
Speaker 1: not like, we're just like you. I mean, we've got

704
00:32:19,880 --> 00:32:22,280
Speaker 1: professional hair and makeup, so we're like the best versions

705
00:32:22,280 --> 00:32:25,720
Speaker 1: of ourselves right now. But it's interesting you only see

706
00:32:25,760 --> 00:32:28,120
Speaker 1: the highlight reels of stuff. People aren't going to share

707
00:32:28,120 --> 00:32:30,880
Speaker 1: the highest, the lows, the main crying like it happens

708
00:32:30,920 --> 00:32:33,280
Speaker 1: all the time. But I think that career puts a

709
00:32:33,280 --> 00:32:35,560
Speaker 1: lot of pressure on you and for a lot of

710
00:32:35,560 --> 00:32:37,840
Speaker 1: people it's not even the main priority of their life.

711
00:32:38,120 --> 00:32:40,440
Speaker 1: I hope that has answered some of them.

712
00:32:40,480 --> 00:32:45,000
Speaker 4: Thank you, hi Els.

713
00:32:45,040 --> 00:32:48,160
Speaker 1: I just had a question about investing. Hello, what do

714
00:32:48,240 --> 00:32:53,040
Speaker 1: you think the biggest misconceptions are around investing? Oh, there's

715
00:32:53,040 --> 00:32:56,320
Speaker 1: a few. Do you girls have some misconceptions? Before I

716
00:32:56,480 --> 00:32:57,600
Speaker 1: dive straight in?

717
00:32:58,240 --> 00:33:01,880
Speaker 3: I think, I mean they haven't started investing. Actually I

718
00:33:02,000 --> 00:33:04,600
Speaker 3: micro invest, So three cheers.

719
00:33:04,320 --> 00:33:06,480
Speaker 1: I'm superannuation Georgia King.

720
00:33:06,920 --> 00:33:08,520
Speaker 4: Yeah, exactly, exactly right.

721
00:33:08,800 --> 00:33:11,440
Speaker 3: But I would say it's that you need to wait

722
00:33:11,480 --> 00:33:14,480
Speaker 3: to start investing when you're earning more down the line,

723
00:33:14,520 --> 00:33:17,080
Speaker 3: when you're financially set up. It's like a rich person's game,

724
00:33:17,560 --> 00:33:20,680
Speaker 3: when really we know that the sooner you start, the better.

725
00:33:20,840 --> 00:33:22,400
Speaker 4: V what's the stat you always.

726
00:33:22,120 --> 00:33:24,360
Speaker 3: Roll out that when you're twenty one to sixty five?

727
00:33:24,680 --> 00:33:27,320
Speaker 1: Really should have put me under these versions? You know

728
00:33:27,360 --> 00:33:30,320
Speaker 1: the numbers you mean, like the compound interest one. Okay,

729
00:33:31,160 --> 00:33:34,000
Speaker 1: So the stat Georgia is referring to is the one

730
00:33:34,040 --> 00:33:36,520
Speaker 1: that I use a lot because I want to contextualize

731
00:33:36,520 --> 00:33:38,520
Speaker 1: that it doesn't take millions of dollars to make a

732
00:33:38,520 --> 00:33:40,880
Speaker 1: million dollars, and that is when you are twenty one.

733
00:33:41,040 --> 00:33:42,959
Speaker 1: Let's not mess this up when you're twenty one, if

734
00:33:42,960 --> 00:33:46,200
Speaker 1: you started investing five hundred dollars each and every single

735
00:33:46,560 --> 00:33:48,760
Speaker 1: month at an average rate of return of about seven

736
00:33:48,840 --> 00:33:51,160
Speaker 1: and a half percent, which financial advisors like to use,

737
00:33:51,320 --> 00:33:56,080
Speaker 1: nice clean number, also a relatively safe number to head

738
00:33:56,120 --> 00:33:58,880
Speaker 1: your bets on. If you were putting that money, that

739
00:33:58,960 --> 00:34:02,240
Speaker 1: five hundred bucks each every single month into a savings account,

740
00:34:02,320 --> 00:34:04,360
Speaker 1: when you turn sixty five, you'll have two hundred and

741
00:34:04,360 --> 00:34:07,880
Speaker 1: forty thousand dollars. Like that cool, no problems. Had you

742
00:34:08,000 --> 00:34:10,440
Speaker 1: invested that at that average rader return of seven and

743
00:34:10,480 --> 00:34:12,760
Speaker 1: a half percent, you would have one point two million

744
00:34:12,840 --> 00:34:16,399
Speaker 1: dollars and a one point two million dollar investment portfolio

745
00:34:16,440 --> 00:34:20,440
Speaker 1: pays you dividends, and so dividends are the income that

746
00:34:20,520 --> 00:34:23,120
Speaker 1: your share portfolio produces. It's not about selling it down.

747
00:34:23,320 --> 00:34:25,760
Speaker 1: Pays you an income of about fifty to sixty thousand

748
00:34:25,800 --> 00:34:28,560
Speaker 1: dollars each and every single year. That is you creating

749
00:34:28,600 --> 00:34:31,319
Speaker 1: an income for yourself. Imagine what you could do if

750
00:34:31,320 --> 00:34:34,560
Speaker 1: you cared more about your super once you, you know, get

751
00:34:34,600 --> 00:34:36,480
Speaker 1: a little bit more sturdy in your career and have

752
00:34:36,560 --> 00:34:38,640
Speaker 1: a little bit more free cashlow and can throw some

753
00:34:38,680 --> 00:34:40,760
Speaker 1: more money at stuff like that, Like we can create

754
00:34:40,800 --> 00:34:44,239
Speaker 1: financial freedom. It does not take millions of dollars to

755
00:34:44,320 --> 00:34:47,200
Speaker 1: create millions. And you know, I use that stat a

756
00:34:47,239 --> 00:34:50,000
Speaker 1: lot because I'm not twenty one anymore. It's going to

757
00:34:50,000 --> 00:34:51,400
Speaker 1: take me a little bit more to get there, and

758
00:34:51,440 --> 00:34:55,120
Speaker 1: that's okay, But like I think that that really contextualizes

759
00:34:55,520 --> 00:34:57,640
Speaker 1: the power of time and how we all kind of

760
00:34:57,680 --> 00:34:59,959
Speaker 1: wish we'd started earlier, but it puts like that five

761
00:35:00,280 --> 00:35:03,000
Speaker 1: in our back pocket to start sooner and get our

762
00:35:03,080 --> 00:35:06,640
Speaker 1: ducks in a row and you know, really start and really,

763
00:35:07,000 --> 00:35:09,160
Speaker 1: you know, start going there. And you're right, you don't

764
00:35:09,160 --> 00:35:11,719
Speaker 1: need millions of dollars. This is not sponsored. He is

765
00:35:11,880 --> 00:35:15,040
Speaker 1: just good. But our friends at Chares's right, like they

766
00:35:15,120 --> 00:35:17,959
Speaker 1: have found a way to make the entry point one cent,

767
00:35:18,800 --> 00:35:22,160
Speaker 1: Like use the code SotM and you get ten bucks.

768
00:35:22,440 --> 00:35:26,719
Speaker 1: But like, legit, it's that easy nowadays. I know, historically

769
00:35:26,800 --> 00:35:30,320
Speaker 1: it was really prohibitive and it was a man's community

770
00:35:30,360 --> 00:35:32,480
Speaker 1: and it was really about like a blowkey thing. And

771
00:35:32,520 --> 00:35:36,160
Speaker 1: I mean, the more I talk tomorrowseas actually round into

772
00:35:36,200 --> 00:35:38,160
Speaker 1: someone who's like, I'm an investor and I'm just like

773
00:35:38,239 --> 00:35:41,680
Speaker 1: here we go. And we had a really fun conversation

774
00:35:41,800 --> 00:35:44,560
Speaker 1: without me telling him what I did. But he definitely

775
00:35:44,640 --> 00:35:47,480
Speaker 1: knew more than me. I'm shaking my head for those

776
00:35:47,520 --> 00:35:49,640
Speaker 1: of you who are listening to this podcast, But it's

777
00:35:49,680 --> 00:35:51,640
Speaker 1: really interesting because it is such a blokes thing and

778
00:35:51,680 --> 00:35:53,719
Speaker 1: it's such a man's plain thing, and it's just it's

779
00:35:53,800 --> 00:35:56,040
Speaker 1: not as hard as you think it is. It can

780
00:35:56,080 --> 00:35:59,160
Speaker 1: be so simple and Jes like, you're now an investor,

781
00:35:59,239 --> 00:36:03,120
Speaker 1: which makes me so proud, and you're really prioritizing it. Guys.

782
00:36:03,200 --> 00:36:05,000
Speaker 1: Jess came into the office a couple of weeks ago

783
00:36:05,160 --> 00:36:06,680
Speaker 1: just like, yes, So I was fining these shares and

784
00:36:06,719 --> 00:36:08,319
Speaker 1: I've done my research, and I was like, who have

785
00:36:08,440 --> 00:36:11,640
Speaker 1: you become? I love this, but Jess, what's yours?

786
00:36:12,040 --> 00:36:13,520
Speaker 4: I think it is kind of what you just said.

787
00:36:13,560 --> 00:36:17,160
Speaker 5: I always thought that it would be much harder than

788
00:36:17,160 --> 00:36:20,080
Speaker 5: it actually is. Like it really did seem quite elusive

789
00:36:20,120 --> 00:36:23,360
Speaker 5: and overwhelming, and I guess because I didn't grow up

790
00:36:23,360 --> 00:36:25,799
Speaker 5: in a family that ever really spoke about investing, it

791
00:36:25,800 --> 00:36:28,759
Speaker 5: seems so far away for me. But once I had

792
00:36:28,760 --> 00:36:31,600
Speaker 5: listened to the podcast and done my research, I realized

793
00:36:31,640 --> 00:36:33,759
Speaker 5: that it's actually not that hard, and there are a

794
00:36:33,760 --> 00:36:35,799
Speaker 5: lot of things that you can do to make it

795
00:36:35,800 --> 00:36:38,160
Speaker 5: easier on yourself. You can buy ETFs that are pre balanced,

796
00:36:38,200 --> 00:36:40,400
Speaker 5: and there are all of these different options that are available,

797
00:36:40,840 --> 00:36:44,520
Speaker 5: and it's much easier to kind of just start and

798
00:36:44,760 --> 00:36:47,040
Speaker 5: kind of learn a bit more as you go and

799
00:36:47,120 --> 00:36:48,920
Speaker 5: take the plunge and commit.

800
00:36:48,640 --> 00:36:51,080
Speaker 4: To learning and commit to doing it regularly, and it's

801
00:36:51,120 --> 00:36:51,840
Speaker 4: all going to be okay.

802
00:36:51,880 --> 00:36:53,919
Speaker 5: It's not that hard and it's not that bad, and

803
00:36:54,040 --> 00:36:56,839
Speaker 5: there are so many great resources out there that you

804
00:36:56,880 --> 00:36:58,360
Speaker 5: can use to learn new things.

805
00:36:58,680 --> 00:37:00,719
Speaker 4: I hear there's a podcast that talks about it.

806
00:37:00,680 --> 00:37:04,319
Speaker 1: Sometimes, interested also a book coming out. Well, I don't

807
00:37:04,360 --> 00:37:07,759
Speaker 1: like reading about it. I think the thing I'd add

808
00:37:07,800 --> 00:37:13,560
Speaker 1: to that is that there's obviously this misconception that investing

809
00:37:13,640 --> 00:37:16,400
Speaker 1: is like gambling, and it couldn't be further from the

810
00:37:16,440 --> 00:37:19,840
Speaker 1: truth if you look at historical data over the last

811
00:37:19,880 --> 00:37:22,520
Speaker 1: thirty years, like, not one person who stayed invested for

812
00:37:22,560 --> 00:37:24,919
Speaker 1: that thirty year period lost money. So it's really about

813
00:37:24,920 --> 00:37:29,440
Speaker 1: a long term game, you know. Obviously, investing recently, I

814
00:37:29,440 --> 00:37:31,920
Speaker 1: feel like has had a lot of shade thrown at it,

815
00:37:32,040 --> 00:37:35,600
Speaker 1: purely because we've got these crypto influences and people throwing

816
00:37:35,640 --> 00:37:38,200
Speaker 1: money at these things that we think are really safe.

817
00:37:38,239 --> 00:37:41,560
Speaker 1: It makes me so uncomfortable, honestly, and I'm sorry this

818
00:37:41,719 --> 00:37:44,279
Speaker 1: if this is you, it makes me so uncomfortable when

819
00:37:44,320 --> 00:37:46,000
Speaker 1: I talk to people and they're like, yeah, I'm investing

820
00:37:46,000 --> 00:37:48,080
Speaker 1: in crypto, and then I have these really nice conversations

821
00:37:48,120 --> 00:37:49,319
Speaker 1: and be like, oh my god, what else do you

822
00:37:49,320 --> 00:37:50,919
Speaker 1: invest in? And they're like, I'm not the share market

823
00:37:50,960 --> 00:37:54,799
Speaker 1: too risky. I'm like, what, Like that asset class that

824
00:37:54,840 --> 00:37:57,960
Speaker 1: you have chosen isn't even regulated in this country for

825
00:37:58,000 --> 00:38:01,600
Speaker 1: a reason, like where you got your information? Like, I

826
00:38:01,680 --> 00:38:05,200
Speaker 1: totally understand that it is sexy and fun, and you know,

827
00:38:05,239 --> 00:38:07,600
Speaker 1: it's fun if that's what you want to get involved with,

828
00:38:07,680 --> 00:38:11,640
Speaker 1: But just this idea that investing is a gamble is

829
00:38:11,760 --> 00:38:14,920
Speaker 1: not the case if you're educating yourself and making decisions

830
00:38:14,920 --> 00:38:17,719
Speaker 1: that are putting you in the best possible position. And

831
00:38:17,800 --> 00:38:21,720
Speaker 1: I think the other misconception, Yeah, it's just around accessibility

832
00:38:21,960 --> 00:38:26,439
Speaker 1: and affordability and that I don't know. We're talking about

833
00:38:26,480 --> 00:38:28,200
Speaker 1: it a while ago, George, and you're like, yeah, but

834
00:38:28,280 --> 00:38:29,680
Speaker 1: I just don't know how much to put in. I'm

835
00:38:29,680 --> 00:38:33,600
Speaker 1: like five bars, Like you don't have to take your

836
00:38:33,640 --> 00:38:36,560
Speaker 1: life savings and put it into the investment market. You

837
00:38:36,800 --> 00:38:39,160
Speaker 1: just have to dip your toes in and see how

838
00:38:39,200 --> 00:38:42,200
Speaker 1: you're going and it might start like George's recently started

839
00:38:42,239 --> 00:38:45,280
Speaker 1: micro investing just to see how the markets are performing.

840
00:38:45,280 --> 00:38:47,520
Speaker 1: And if you do that for twelve months, because that's

841
00:38:47,520 --> 00:38:50,480
Speaker 1: what makes you comfortable, Like, that's what makes you comfortable.

842
00:38:50,560 --> 00:38:53,560
Speaker 1: Like we're not saying go and start throwing that five

843
00:38:53,640 --> 00:38:56,120
Speaker 1: hundred bucks a month. And that's just a really good example.

844
00:38:56,280 --> 00:38:59,160
Speaker 1: It's about understanding it. And the best investment you can

845
00:38:59,200 --> 00:39:02,440
Speaker 1: make today is actually in your own education. And sometimes

846
00:39:02,800 --> 00:39:07,960
Speaker 1: again not to stereotype, sometimes as women we get analysis

847
00:39:08,040 --> 00:39:11,120
Speaker 1: paralysis and we think we need to know absolutely every

848
00:39:11,160 --> 00:39:14,520
Speaker 1: single thing about a topic before we dive into actually

849
00:39:14,560 --> 00:39:16,880
Speaker 1: doing that. And I find that the Shoes on the

850
00:39:16,880 --> 00:39:18,880
Speaker 1: money community is very similar. They're like, oh, I just

851
00:39:18,920 --> 00:39:21,439
Speaker 1: don't know enough about investing yet. I'm like, well, why

852
00:39:21,440 --> 00:39:24,640
Speaker 1: don't we put five dollars into your financial literacy, put

853
00:39:24,680 --> 00:39:26,960
Speaker 1: it on an investing platform, and you follow the markets

854
00:39:27,000 --> 00:39:29,359
Speaker 1: instead of just reading about it. So I think it's

855
00:39:29,400 --> 00:39:33,720
Speaker 1: about really contextualizing what that means for you and knowing

856
00:39:33,719 --> 00:39:36,000
Speaker 1: that it doesn't have to be your life savings. It

857
00:39:36,040 --> 00:39:39,279
Speaker 1: can start small. It can be a small decision and

858
00:39:39,320 --> 00:39:42,400
Speaker 1: a small step in the right direction. I hope that amazing.

859
00:39:42,480 --> 00:39:42,879
Speaker 7: Thank you.

860
00:39:45,760 --> 00:39:49,280
Speaker 1: That is all we have time for, is it well? Audience,

861
00:39:49,320 --> 00:39:52,080
Speaker 1: thank you for putting up with that, because usually Thursday

862
00:39:52,160 --> 00:39:55,360
Speaker 1: afternoons are us actually recording the podcast. And the compromise

863
00:39:55,560 --> 00:39:57,680
Speaker 1: was we want a party, we have to do work

864
00:39:57,719 --> 00:40:00,680
Speaker 1: at the party. So thank you for coming. The pause

865
00:40:00,880 --> 00:40:09,880
Speaker 1: for Jessica and Georgia, thank you, my loves. It wouldn't

866
00:40:09,880 --> 00:40:12,120
Speaker 1: be a She's on the Money podcast if we didn't

867
00:40:12,160 --> 00:40:15,200
Speaker 1: make Georgia King read out my IFSL statement. So let's

868
00:40:15,200 --> 00:40:17,280
Speaker 1: make her do it live and see if she marks

869
00:40:17,360 --> 00:40:20,239
Speaker 1: up the numbers. Georgia King, take it away. Let's do it.

870
00:40:20,239 --> 00:40:23,600
Speaker 3: Brace yourself, guys, so sorry, alrighty. The advice shared on

871
00:40:23,719 --> 00:40:26,120
Speaker 3: She's on the Money is general in nature and does

872
00:40:26,160 --> 00:40:28,360
Speaker 3: not consider your individual circumstances.

873
00:40:28,719 --> 00:40:29,839
Speaker 4: She's on the Money.

874
00:40:29,640 --> 00:40:33,160
Speaker 3: Exists purely for educational purposes and should not be relied

875
00:40:33,200 --> 00:40:36,080
Speaker 3: upon to make an investment or a financial decision. And

876
00:40:36,160 --> 00:40:39,000
Speaker 3: we promise Victoria Divine and She's on the Money are

877
00:40:39,080 --> 00:40:44,919
Speaker 3: authorized representatives of Infocused Securities Australia Proprietary Limited ABN four

878
00:40:44,960 --> 00:40:47,600
Speaker 3: seven zero nine seven seven nine seven zero four nine

879
00:40:47,600 --> 00:40:49,560
Speaker 3: AFO SL two three six five two.

880
00:40:49,400 --> 00:40:54,760
Speaker 1: Three Were you were you practicing that in the mirror.

881
00:40:55,200 --> 00:40:57,480
Speaker 1: I don't know if you're well. We will see you

882
00:40:57,520 --> 00:40:59,000
Speaker 1: guys all on Monday.

883
00:40:59,239 --> 00:41:11,000
Speaker 4: Bye bye