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Speaker 1: She's on the Money. She's on the Money.

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Speaker 2: Hello, and welcome to She's on the Money, the podcast

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Speaker 2: for millennials who want financial freedom. Welcome back to another

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Speaker 2: one of our Friday Drinks episodes where we get to

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Speaker 2: celebrate the money wins from our She's on the Money community.

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Speaker 2: As we know, there are so many great money wins

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Speaker 2: and confessions that I shared every single week in our

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Speaker 2: Facebook group, and we spend a very big part of

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Speaker 2: our week talking about them and sharing them with the

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Speaker 2: whole office. So it only makes sense to have an

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Speaker 2: entire episode celebrating you before we jump straight into it. Jess,

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Speaker 2: what happened on this Week's Money Diaries?

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Speaker 3: This week's Money diarist was someone that I related to

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Speaker 3: a little bit in the sense that she was telling

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Speaker 3: us how many jobs she's had over time, and she

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Speaker 3: said she's had over thirty part time jobs, which is

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Speaker 3: crazy and definitely I have not come even close to

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Speaker 3: scratching the surface on that, but I feel like the

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Speaker 3: relatability of it for me was, you know, sometimes you

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Speaker 3: just got to do what you've got to do to

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Speaker 3: make it work. And you know, she was saying that

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Speaker 3: her and her husband haven't always been the best with money.

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Speaker 3: They've had a little bit of a hard time until

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Speaker 3: recently they had a bit of a money win in

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Speaker 3: the form of getting that tax return back and that

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Speaker 3: kind of set them on the right path a little bit.

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Speaker 3: But I think that it was quite interesting and very

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Speaker 3: relatable to hear from someone who maybe hasn't quite landed

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Speaker 3: in their perfect job just yet. She's just making ends meet,

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Speaker 3: doing what she's got to do, and I think there's

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Speaker 3: something super admirable about that and really just something that

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Speaker 3: I personally related to because I've been there.

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Speaker 2: Epic Georgia.

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Speaker 4: What happened on this week's Deep Dive Guys. This week

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Speaker 4: things got a little festy, I think because it's December,

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Speaker 4: it's almost Christmas.

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Speaker 5: So we chatted through the twelve Saves of Christmas, which

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Speaker 5: I realized at the end of the episode was like

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Speaker 5: funny because the twelve days of Christmas much you know

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Speaker 5: what I'm.

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Speaker 2: Saying, Yeah, thinking out what you're put in down.

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Speaker 5: Yeah, I just thought it was a strangely large number. Anyway,

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Speaker 5: we chatted through some really good hacks because it's actually

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Speaker 5: estimated that Australians are going to spend twenty three point

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Speaker 5: nine billion dollars on Christmas this year.

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Speaker 2: Oh, That's what I spend every year, so it just

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Speaker 2: makes sense.

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Speaker 5: Yeah, yeah, yeah, same, same. But no, if you do

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Speaker 5: need some hacks to kind of keep the costs down

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Speaker 5: this silly season, then that is definitely the episode for you.

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Speaker 3: I love it. I feel like Christmas is so expensive,

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Speaker 3: so as someone who's trying to save their very hard

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Speaker 3: earned pennies, I really enjoyed that one.

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Speaker 4: How did you guys go with the Black Friday sales

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Speaker 4: last week?

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Speaker 3: Oh, because we did talk about.

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Speaker 2: This, I was so good. I actually forgot to do

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Speaker 2: what I said I was going to do and made

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Speaker 2: no Black Friday purchases. I think that's a money win.

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Speaker 2: Even though it was accident, tool definitely counts.

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Speaker 4: Jess, how did you get pretty well?

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Speaker 3: I kicked off everything that I had on my list.

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Speaker 3: I something actually arrived today. It was a bit of

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Speaker 3: a mishap. I compared. I bought my boyfriend's shoes and

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Speaker 3: I compared them to shoes that he has. But turns

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Speaker 3: out somehow something got wrong and the shoe is the

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Speaker 3: size to my head, So we'll be going back. I'm

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Speaker 3: hoping the sales ended now and the site doesn't do exchanges.

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Speaker 3: They'll just do a refund, so I'm not going to

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Speaker 3: email them and hopefully just say hey, like I can

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Speaker 3: either return them or I can exchange them if you

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Speaker 3: honor the price and fingers cross.

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Speaker 4: That works.

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Speaker 2: That is a very strange policy. I don't think I've

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Speaker 2: ever heard of a refunds policy that's like, no, we'd

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Speaker 2: actually prefer to give you a refund then give you

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Speaker 2: the right size.

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Speaker 3: It doesn't make sense, does it. I don't understand it

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Speaker 3: at all. I thought, if anything, they'd want to exchange

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Speaker 3: so that you like they keep your money, But they go, yeah,

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Speaker 3: I thought.

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Speaker 2: You were about to say no, like they just don't

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Speaker 2: do refunds, so we'd have to exchange them. And I'm

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Speaker 2: hoping they're in size no souch.

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Speaker 3: So I mean, worst case scenario, I walk away with

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Speaker 3: my money, but like I really wanted to get the.

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Speaker 2: Shoes, so yeah, so you're going to win. But like

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Speaker 2: I would actually just prefer the product that I originally

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Speaker 2: decided here with my money for, like that's that would

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Speaker 2: be perfect.

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Speaker 3: Yeah, gee, howd you go?

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Speaker 4: I did?

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Speaker 5: Okay, I did what I said I would do, and

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Speaker 5: I didn't buy anything for myself.

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Speaker 4: Which was good.

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Speaker 5: Check you out I know, but I did buy like

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Speaker 5: one or two presents with the sales, so it was

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Speaker 5: a great rest to g.

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Speaker 2: I feel like I should have been more organized and

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Speaker 2: then I could have actually made use of that. Yet

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Speaker 2: here I am unorganized and not use of that. Do

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Speaker 2: you know what? That's really hypocritical of me? Because I

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Speaker 2: literally have a podcast where I tell everybody how to

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Speaker 2: save money, and yes, I can't do it myself. Oh

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Speaker 2: literally the worst.

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Speaker 3: Oh my gosh, Well they're actually on the money wins

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Speaker 3: thread we put up this week. I did get a

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Speaker 3: bit cheeky and I asked everyone how they went with

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Speaker 3: Black Friday. So, G were there one or two that

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Speaker 3: made it into your top ten, top seven, top ten?

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Speaker 5: Whenever there were one or two, we've got with the

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Speaker 5: top seven to eleven. So I'll kick us off with Sophia.

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Speaker 5: So she was almost out of petrol in her car

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Speaker 5: and was putting off filling up for a week or

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Speaker 5: so because petrol prices in Adelaide were ridiculous a dollar

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Speaker 5: adi per liter if you don't mind, and she flat

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Speaker 5: out refused to pay it that much. I feel like

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Speaker 5: in Melbourne that is very standard at the moment as well.

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Speaker 3: Yeah, I started to hire as two dollars. Yeah, I nearly,

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Speaker 3: and so I got excited because I filled up at

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Speaker 3: a dollar fifty and I was like, I remember three

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Speaker 3: months ago when I was like a dollar fifty, I'm

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Speaker 3: not paying that, And now I'm.

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Speaker 2: Sousing, oh, I can't believe there's a two in front

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Speaker 2: of it. That feels really scary crazy, that's too many,

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Speaker 2: but even a dollar ady like Sophia said here too much,

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Speaker 2: I would say. But eventually she did need petrol, because

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Speaker 2: you know, don't we all. So she was on her

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Speaker 2: way to reluctantly fill up the car and she drove

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Speaker 2: past a brand new petrol station recently opened, and they

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Speaker 2: were doing a promotion for ninety nine cents.

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Speaker 4: Elita, what good? So she's bloody laughing, basically half price.

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Speaker 2: They're losing money, don't they know that PETREL's really expensive.

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Speaker 3: They're obviously trying to get business. And I bet the

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Speaker 3: lines for that petrol station were out the door.

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Speaker 2: People like winding up with their Jerry cans and stuff.

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Speaker 3: That's like half of the price of the two dollars

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Speaker 3: per liter. But you can use there's an app called

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Speaker 3: petrol Spy. I don't know if anyone's used that before.

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Speaker 3: But you just download it and it uses your location

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Speaker 3: and it actually will tell you the prices of the

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Speaker 3: petrol everywhere. So when PETREL's really high, like it is

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Speaker 3: right now, I'll jump on there and you know, maybe

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Speaker 3: a couple of suburbs over it's a little cheaper. So

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Speaker 3: that's how I got my dollar fifty wheneverywhere else is

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Speaker 3: a dollar eighty. She's a genie, might be worth the

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Speaker 3: cheeky download.

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Speaker 5: I would never have the time up my sleeve to

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Speaker 5: like scout around different suburbs because my petrol tank is

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Speaker 5: just always flashing.

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Speaker 2: And I'm like, I was about to say, you've got

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Speaker 2: to be careful because if you run out of petrol

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Speaker 2: like I do, I literally wait until my car's like

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Speaker 2: you're using the reserve, and I'm like, well, how long

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Speaker 2: can we be last on this? So you've got to

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Speaker 2: be careful of that. But also like I want to

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Speaker 2: do the calculations. How much does it cost you to

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Speaker 2: drive to a few suburbs over and is the difference

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Speaker 2: in price worth it? I don't know.

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Speaker 3: With a thirty cents a leader, I was like, maybe

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Speaker 3: not for or five cents, but thirty cents felt like

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Speaker 3: a lot, and I was like, you know what, I'll

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Speaker 3: travel for that?

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Speaker 2: Yeah, no, no, I think that's really smart. The other app,

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Speaker 2: if we're talking about petrol not sponsored, just a good

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Speaker 2: call out, is the seven eleven app, So when you

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Speaker 2: can lock in the price. So if you're like, oh

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Speaker 2: my gosh, I can't get to the petrol station today

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Speaker 2: and I've heard that it's going to go up in price,

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Speaker 2: you can lock the price in on the seven eleven app.

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Speaker 2: And I think that's pretty smart.

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Speaker 5: And pick yourself up a one dollar coffee while you're there,

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Speaker 5: am I right?

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Speaker 2: Oh well, if you Jess, you won't do that, You'll

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Speaker 2: buy one dollar Slurpee, won't you? Jess?

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Speaker 3: Thousand percent?

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Speaker 5: All right, guys, let's move on to Angie's. So Angie

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Speaker 5: asked for a pay rise this week and she got

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Speaker 5: the figure she wanted without even having to negotiate.

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Speaker 4: Oh my god, has to us exactly, and.

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Speaker 5: She said she was so nervous, So you know, it

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Speaker 5: was a great result for Angie's. So well done. Our

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Speaker 5: next one here is from Alisha. So she has a

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Speaker 5: Black Friday money win which VD I feel like you

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Speaker 5: could probably get around this one.

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Speaker 2: Doll but I didn't have a Black Friday money win.

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Speaker 5: Well, yeah, okay, it's too late. Sorry, I'm just gonna

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Speaker 5: rub salt in the wound. She got her wedding bands

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Speaker 5: for thirty percent.

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Speaker 4: Off in the sales.

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Speaker 2: That's actually a lot of money.

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Speaker 4: It's decent, isn't it.

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Speaker 2: I googled wedding bands the other day. They'll be like

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Speaker 2: three hundred bucks. It's banned, like there's nothing exciting about them.

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Speaker 2: It's not three hundred dollars. Guys. Oh no, so expency.

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Speaker 5: I was like, wait what because for that, they're just

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Speaker 5: very plain, aren't they? Like they're literally a band of

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Speaker 5: metal to go with your engagement ring.

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Speaker 2: Yeah, I'm just gonna pull the ring off my cocaine and.

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Speaker 4: Use that money win.

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Speaker 3: Okay.

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Speaker 5: Next up is Tamara. So on Friday, she unfortunately run

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Speaker 5: over a nail and got a flat tire. She had

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Speaker 5: to take it to get fixed the next day. When

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Speaker 5: she picked up her car a few hours later, the

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Speaker 5: mechanics said, it's on the house.

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Speaker 4: Toots. He didn't say toots. That makes it sound credit.

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Speaker 2: That makes it sound really Yeah, that's exactly how it

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Speaker 2: made it sound good.

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Speaker 5: He just said it's on the house. So long as

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Speaker 5: you leave a Google review, so she did, and everyone wins.

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Speaker 2: I would leave a five star stellar Google review for

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Speaker 2: someone fixing my tire for free, like, as if that

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Speaker 2: is not the best service.

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Speaker 4: You've ever had?

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Speaker 2: What literally cost you nothing?

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Speaker 4: We love we love.

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Speaker 5: Money, win money win Okay. Our next one is from Casey.

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Speaker 5: So Telstra had been charging Casey for a service she

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Speaker 5: no longer had. She contacted them and got a thirteen

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Speaker 5: hundred dollars credit. Yes, thanks, thank you, I will take that.

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Speaker 4: I don't mind if I do.

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Speaker 5: Jackie, she actually had a money loss, so I thought

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Speaker 5: we'd take the mood down and then we'd pick it.

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Speaker 4: Back up right at the end.

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Speaker 2: Thank you.

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Speaker 5: So she was convinced she had locked her keys and

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Speaker 5: her phone in her car. As it turned out, she'd

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Speaker 5: only locked her phone in there and her.

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Speaker 4: Keys were actually down the back of the couch.

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Speaker 5: So that set her back one hundred and ninety five

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Speaker 5: dollars for ROCV roadside assist plus one hundred and fifty

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Speaker 5: bucks to the automotive locksmith call out.

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Speaker 4: So a bit of a bit of a bummer there.

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Speaker 3: For get copies of your keys cut and keep them

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Speaker 3: somewhere you can access them.

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Speaker 2: But car keys are so expensive?

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Speaker 5: Yeah, how expensive are we talking? I feel like I've

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Speaker 5: only heard this on the grape Barne like five hunch twenty.

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Speaker 2: So I guess it depends on the type of car

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Speaker 2: key you have or like, you know how it works.

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Speaker 2: My car keys are like the button and it's kind

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Speaker 2: of like sounds like real wanky, But I have a

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Speaker 2: push to start car. I actually have a proper key,

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Speaker 2: So to replace that is like one thousand dollars, which

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Speaker 2: I think is absolutely astronomical. But a family member of

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Speaker 2: mine has a Vaults wagon and has a key. It's

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Speaker 2: all good, very normal, and they got quoted to replace

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Speaker 2: it because they wanted a second key, and it was

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Speaker 2: four hundred and fifty dollars. I feel like that's a

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Speaker 2: lot of money.

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Speaker 3: So when I mean, that's more money than she spent

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Speaker 3: on the call out, arguably, so maybe there was a

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Speaker 3: money win.

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Speaker 2: Yeah, true, truly.

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Speaker 5: You could also just buy another car, you know what

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Speaker 5: I'm saying, Like when you break your phone, it's like

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Speaker 5: we'll just find a new one, the same deal with

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Speaker 5: the car guys. Let's wrap up with our final money

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Speaker 5: win for today. This one I chose because I feel

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Speaker 5: like it is as she's on the money E as

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Speaker 5: it could possibly.

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Speaker 2: Be she was on the money. E.

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Speaker 5: Did you like that she went on a shopping spree

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Speaker 5: on self wealth and bought more ETFs while the market

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Speaker 5: was down.

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Speaker 2: I love that. She's like, we're on a shopping spree

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Speaker 2: and you got shares. I love you. You are my people.

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Speaker 3: Yeah.

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Speaker 5: So that's that's the last one there from Hannah. But

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Speaker 5: well done everyone. Gorgeous wins this week.

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Speaker 2: Genius because on Black Friday as well, the market did

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Speaker 2: have a little bit of a dip, so it was

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Speaker 2: technically like the shares are on sale like for Black Friday.

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Speaker 2: Absolutely no correlation. Just sounded good, you.

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Speaker 3: Know, real life timing.

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Speaker 2: Let's talk more about the market and how shares work

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Speaker 2: after this really quick break.

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Speaker 5: Okay, so straight back into it, guys. I wanted to

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Speaker 5: ask you about something I've kind of seen floating around

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Speaker 5: the news channels and the news sites lately. Yes, obviously

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Speaker 5: there's a new little strain of COVID which is raging

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Speaker 5: hearts and souls across the country and the impact but

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Speaker 5: obviously this is having an impact on the stock market.

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Speaker 2: Yes, insanely so you would have thought we've learnt by

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Speaker 2: now you would have thought that. People were like, oh,

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Speaker 2: this makes sense, but it essentially sent share markets literally

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Speaker 2: around the world into a free fall since discovering what

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Speaker 2: we are deeming to be omnicron. I think I'm saying

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Speaker 2: that properly, and now they're holding their breath to see

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Speaker 2: what happens in Australia over the next few weeks, because

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Speaker 2: obviously we've had a few cases reported in Australia. It's Friday.

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Speaker 2: Technically you guys are listening to this today, and we've

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Speaker 2: recorded this a little bit earlier in the week, so

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Speaker 2: there might be more news on this. But actually, this

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Speaker 2: new variant has another spike, which, to summarize all of that,

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Speaker 2: just means it's even more contagious and sticks to your

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Speaker 2: immune system in a different way, like it has double

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Speaker 2: the spikes that had before. So that's kind of scary.

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Speaker 2: But I think the thing that I'm most worried about

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Speaker 2: is the way that the media are portraying this. Earlier

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Speaker 2: this week, I was watching TV and people were literally

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Speaker 2: comparing it and I thought this was wildly unfair. They

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Speaker 2: were comparing it to HIV and they were like, oh, well,

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Speaker 2: it makes sense that it was found in Africa because

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Speaker 2: of that, and I was like, what the hell that

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Speaker 2: is not on? But then to further that, I feel

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Speaker 2: like we should have seen this coming, Like you know

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Speaker 2: how delta happened. I think we're all shocked about that.

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Speaker 2: Then this has happened, and it kind of makes sense

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Speaker 2: because COVID mutates, like that's how it works. So that's

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Speaker 2: why we have to every single year have a new

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Speaker 2: flu vaccination because it won't work on the old flu variant,

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Speaker 2: So every year we need to do that. I just

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Speaker 2: feel like I saw that coming and I knew that

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Speaker 2: was a thing. I didn't know it would be a

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Speaker 2: dramatic is this? But I feel like we should brace

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Speaker 2: ourselves for other variants to pop up over time because

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Speaker 2: we're in COVID normal. It's not COVID eradicated, and we're

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Speaker 2: just hoping it'll go away. If that makes sense.

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Speaker 3: Can we talk about how hyperbolized as well the impact

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Speaker 3: of that, like definitely not talking it down fully understand

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Speaker 3: that there can be huge impacts and we will have

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Speaker 3: to wait to see. But I saw a lot of

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Speaker 3: reports being like stock market crash to record lows and

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Speaker 3: then you traumatic you look at the graph though, and

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Speaker 3: I mean I really wish this was a TV show

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Speaker 3: and you could we could flush a graph on the screen,

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Speaker 3: but maybe we'll find a lead. We would be but

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Speaker 3: like if you look at the crash in relation to

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Speaker 3: the stock market over like say the last ten years,

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Speaker 3: yes it is dipped, but it's not like it's dropped

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Speaker 3: through the floor. And I just feel like that fearmongering

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Speaker 3: is obviously going to stress people out. And we're all

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Speaker 3: still super traumatized from everything that's happened, and as you say,

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Speaker 3: perhaps it's something that maybe we need to expect a

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Speaker 3: little bit and of course not take things lightly. Do

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Speaker 3: not take things lightly, make sure you're acting responsibly and

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Speaker 3: in line with the COVID safe regulations, all of those

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Speaker 3: good things, but expect things to be a little uncertain.

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Speaker 3: I think it might, as you said, just kind of

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Speaker 3: be our reality for a little bit, right, And I.

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Speaker 2: Think we really need to remember the process and the

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Speaker 2: psychology behind investing. And you're seeing a lot of people

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Speaker 2: being really reactive to this, and that's exactly what we're

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Speaker 2: trying to say, don't do. We're trying to say, hey, JS,

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Speaker 2: if your portfolio has gone down like that would be scary, right,

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Speaker 2: and all of our portfolios. If you're in like a

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Speaker 2: raise or like a spaceship, or even if you have

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Speaker 2: a six puck portfolio, that would have been impacted, because

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Speaker 2: that's how it works. But I think that we need

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Speaker 2: to remember that we're here for the long term and

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Speaker 2: a couple of percentage point drops is absolutely not the

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Speaker 2: end of the world. We just have to ride it out.

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Speaker 2: But too many people are perpetuating that drop by fear

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Speaker 2: selling and selling their shares. We're just further pushing the

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Speaker 2: share prices down because if you're and you're evacuating right now,

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Speaker 2: everybody else is like, oh my gosh, it must be worthless,

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Speaker 2: and so the share prices diminish. And in reality, that's

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Speaker 2: when we should be holding on because the roller coaster

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Speaker 2: will at some point go back up, and we want

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Speaker 2: to stay on, not get off at the bottom.

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Speaker 3: Something I remember you saying that has really stuck with me.

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Speaker 3: And this might have even been before I knew. This

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Speaker 3: might have been something you said on the pod way

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Speaker 3: back when. But you said that you only lose money

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Speaker 3: if you actually sell your shares. So if I bought

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Speaker 3: a sham for two dollars and right now it's worth

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Speaker 3: one dollar, and I sell it for a dollar, I've

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Speaker 3: lost half of my investment. But if I hold it

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Speaker 3: right now, while it's only worth one dollar, eventually, theoretically

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Speaker 3: past performance is not an accurate reflection.

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Speaker 2: She's a little baby financial planner.

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Speaker 3: But you know, theoretically, if you look at the stoff

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Speaker 3: market over long term, it will climb back up, and

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Speaker 3: it might take some time, but if I hold on

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Speaker 3: to it, that value will rise. And I've actually only

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Speaker 3: crystallized that loss. If I have sold in the dip, I.

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Speaker 2: Don't even need to be on this podcast anymore. You

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Speaker 2: two can just run the show. But that's literally what

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Speaker 2: it is. I think we need to start looking at

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Speaker 2: the share market as that is the price that you

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Speaker 2: would get if you've sold your shares today, not that

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Speaker 2: is the price that you are worth. Because if you had,

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Speaker 2: as you've said before, one share yesterday and it was

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Speaker 2: worth two dollars and tomorrow it is worth one dollar,

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Speaker 2: you still have that one share and it can increase

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Speaker 2: in price, and it can change it could even decrease

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Speaker 2: further in price. But you know what price doesn't tell you.

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Speaker 2: Price doesn't tell you how much you dividend payouts are

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Speaker 2: going to be. Price doesn't tell you how much money

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Speaker 2: you're going to make from that share and there's a

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00:17:35,040 --> 00:17:37,199
Speaker 2: lot more value to be had than just looking at

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Speaker 2: the share price. So I think we need to educate

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Speaker 2: ourselves a bit better. We'll also be like, Okay, she's

396
00:17:42,600 --> 00:17:44,760
Speaker 2: on the money, thank you. That was actually a good reminder.

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Speaker 2: I was looking at it being a bit stressed. And

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Speaker 2: I think it's also really important to remember have you

399
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Speaker 2: ever seen a news article that says, oh my gosh,

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Speaker 2: the share market has increased by three percent.

401
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Speaker 3: They don't want to talk about the happy stuff, do they.

402
00:17:59,119 --> 00:18:01,160
Speaker 2: No, No, they don't. They just want to talk about

403
00:18:01,160 --> 00:18:04,040
Speaker 2: stuff that will get clicks and fearmonger and all of

404
00:18:04,080 --> 00:18:05,600
Speaker 2: that other stuff. So I think that we need to

405
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Speaker 2: just be quite diligent and quite well rounded and remember

406
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Speaker 2: that like the media only likes to show one side,

407
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Speaker 2: and that's the side that's going to sell their papers

408
00:18:13,320 --> 00:18:15,600
Speaker 2: or their website or their advertising or whatever it is.

409
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Speaker 2: There's no real story and being like, hey, jes did

410
00:18:17,920 --> 00:18:21,280
Speaker 2: you see yesterday good day in stock market? Like, no

411
00:18:21,359 --> 00:18:23,639
Speaker 2: one's going to do an entire article on that. But

412
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Speaker 2: when it crashes due to the omnicorn, like that's good article.

413
00:18:27,280 --> 00:18:27,840
Speaker 2: That's scary.

414
00:18:27,920 --> 00:18:30,680
Speaker 4: Let's read that, can I pepper a couple of cues

415
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Speaker 4: at uv? Oh?

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Speaker 5: Of course you can, gee, thanks so much. So would

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Speaker 5: you say then that it's maybe like a good time

418
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Speaker 5: to buy shites?

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Speaker 2: Oh, I could never say that. I think the only

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Speaker 2: time to buy shares is actually the time that is

421
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Speaker 2: right for you, and that's when you can afford it

422
00:18:44,359 --> 00:18:46,480
Speaker 2: and it makes sense for you. And I'm definitely not

423
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Speaker 2: someone who wants to time the market, because if I

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Speaker 2: could time the market, I would be a very rich lady.

425
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Speaker 2: But we can't. So it's all about investing consistently over

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Speaker 2: the long term. So if you're investing, like yes, absolutely,

427
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Speaker 2: now is a good time to invest, but so's tomorrow

428
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Speaker 2: and the next day and the next week and the

429
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Speaker 2: next month. Because what we want to do is a

430
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Speaker 2: thing called dollar cost averaging, and that's where we buy

431
00:19:10,200 --> 00:19:13,080
Speaker 2: over a long period of time at different points. It

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Speaker 2: might be once every six months. We're not saying it

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Speaker 2: has to be every single day. Might be once every

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Speaker 2: six months, but that means you're in the market every

435
00:19:22,240 --> 00:19:24,920
Speaker 2: single six months, or you're in the market every single month,

436
00:19:25,000 --> 00:19:27,119
Speaker 2: depending on how much money you have to invest in.

437
00:19:27,119 --> 00:19:29,679
Speaker 2: What makes sense when it comes to brokerage and stuff

438
00:19:29,720 --> 00:19:33,320
Speaker 2: like that. But you're in the market consistently because then

439
00:19:33,520 --> 00:19:36,080
Speaker 2: on average, you'll end up with the ups and the

440
00:19:36,119 --> 00:19:38,640
Speaker 2: downs of the market and you're paying an average share

441
00:19:38,720 --> 00:19:41,800
Speaker 2: price as opposed to maybe you just have a really

442
00:19:41,800 --> 00:19:43,760
Speaker 2: big lump sum of money and you drop it into

443
00:19:43,760 --> 00:19:46,120
Speaker 2: the market. How do you know that that's a good

444
00:19:46,160 --> 00:19:48,240
Speaker 2: time to buy. How do you know that's a bad

445
00:19:48,280 --> 00:19:51,320
Speaker 2: time to buy? You don't, So you're just accepting that

446
00:19:51,560 --> 00:19:54,160
Speaker 2: you're not going to have access to dollar cost averaging.

447
00:19:54,520 --> 00:19:57,160
Speaker 2: And I think that it's really really important to understand

448
00:19:57,240 --> 00:19:59,600
Speaker 2: that and actually make use of it. And that's why

449
00:19:59,600 --> 00:20:01,800
Speaker 2: we always talk on shoes on the money about investing

450
00:20:01,840 --> 00:20:04,679
Speaker 2: consistently over the long term, because we're not here for

451
00:20:04,720 --> 00:20:07,040
Speaker 2: a short time. We're here for a long time and

452
00:20:07,119 --> 00:20:08,320
Speaker 2: hopefully a really good one.

453
00:20:08,760 --> 00:20:12,439
Speaker 4: Yes, well said, thank you, thank you. So it's just

454
00:20:12,480 --> 00:20:13,760
Speaker 4: a it's a question for the.

455
00:20:13,720 --> 00:20:15,960
Speaker 5: Basic girls out there like me, who you know, have

456
00:20:16,000 --> 00:20:17,960
Speaker 5: been hosting a finance podcast for two years and still

457
00:20:17,960 --> 00:20:22,320
Speaker 5: don't really quite get it. So the reason the stock

458
00:20:22,400 --> 00:20:26,199
Speaker 5: market has plummeted, as they're saying, is that because like

459
00:20:26,359 --> 00:20:30,040
Speaker 5: big wig investors have pulled money out of like airline

460
00:20:30,160 --> 00:20:33,520
Speaker 5: companies and stuff like that. So it's caused a decrease

461
00:20:33,600 --> 00:20:36,000
Speaker 5: and then people are like getting scared about the lack

462
00:20:36,040 --> 00:20:37,520
Speaker 5: of value, so they're pulling out too.

463
00:20:37,600 --> 00:20:39,200
Speaker 4: Is that kind of like the jist?

464
00:20:39,480 --> 00:20:41,399
Speaker 3: Can I jump in? Do I know that? Do I

465
00:20:41,480 --> 00:20:42,520
Speaker 3: maybe know the answer to this?

466
00:20:42,680 --> 00:20:45,520
Speaker 2: Oh my gosh, Well maybe I literally said that I

467
00:20:45,560 --> 00:20:47,600
Speaker 2: wasn't needed on this podcast anymore, So go.

468
00:20:47,560 --> 00:20:49,720
Speaker 3: Ahead, watch out, I'm coming for your job.

469
00:20:50,280 --> 00:20:50,359
Speaker 4: No.

470
00:20:50,560 --> 00:20:54,360
Speaker 3: Is it to do with consumer confidence, because I mean,

471
00:20:54,480 --> 00:20:57,680
Speaker 3: as you were saying before, people are like unsure. Maybe

472
00:20:57,720 --> 00:20:59,600
Speaker 3: they want to sell their shares, They're worried that what

473
00:20:59,680 --> 00:21:01,919
Speaker 3: happened and you know twelve to eighteen months ago is

474
00:21:01,920 --> 00:21:04,280
Speaker 3: going to happen again. And maybe they're just like, well,

475
00:21:04,320 --> 00:21:06,720
Speaker 3: if it's going to go lower, now's the times getting

476
00:21:06,760 --> 00:21:08,879
Speaker 3: my life boat and paddle away as fast as I can.

477
00:21:09,040 --> 00:21:12,400
Speaker 2: Yes, so that, but also it's about what it's worth,

478
00:21:12,560 --> 00:21:16,920
Speaker 2: so sometimes absolutely, But also it could be about mass exodus,

479
00:21:16,960 --> 00:21:20,320
Speaker 2: so people leaving the market in droves. So that might

480
00:21:20,440 --> 00:21:24,359
Speaker 2: be because an asset, let's say, a airline is held

481
00:21:24,520 --> 00:21:27,679
Speaker 2: in an ETF and as you guys know, if you

482
00:21:27,720 --> 00:21:29,960
Speaker 2: buy an ETF or an exchange traded fund, if you

483
00:21:29,960 --> 00:21:32,000
Speaker 2: don't know what I'm talking about. We have entire episodes

484
00:21:32,040 --> 00:21:34,080
Speaker 2: on it. Go back to our investing series. Have a

485
00:21:34,119 --> 00:21:35,920
Speaker 2: listen to that. I'm biased, but I think it's a

486
00:21:35,960 --> 00:21:39,359
Speaker 2: really good content. But it might be in an ETF

487
00:21:39,880 --> 00:21:42,800
Speaker 2: and a fund manager might make the decision to pull

488
00:21:42,840 --> 00:21:45,199
Speaker 2: that or sell that, or take their gains off the

489
00:21:45,240 --> 00:21:47,840
Speaker 2: table because they're like, oh, this new variants happening. I

490
00:21:47,880 --> 00:21:49,720
Speaker 2: just don't think that travel is going to be there.

491
00:21:49,920 --> 00:21:53,159
Speaker 2: So one person might have a really big way of

492
00:21:53,240 --> 00:21:56,840
Speaker 2: having a really big impact because heaps of people, millions

493
00:21:56,840 --> 00:21:59,560
Speaker 2: of people might own that ETF. So when it sells,

494
00:21:59,680 --> 00:22:03,639
Speaker 2: that's a mass exodus of that share. So then the

495
00:22:03,680 --> 00:22:05,560
Speaker 2: market starts to see it and Jess, you might have

496
00:22:05,640 --> 00:22:08,120
Speaker 2: bought that individually, and you see it decreasing in price,

497
00:22:08,160 --> 00:22:09,960
Speaker 2: and then you get on and you're right, it's kind

498
00:22:10,000 --> 00:22:13,159
Speaker 2: of like you're not confident in that anymore. Therefore it

499
00:22:13,280 --> 00:22:17,400
Speaker 2: decreases in price. But share price isn't just driven by

500
00:22:17,520 --> 00:22:20,000
Speaker 2: what people say, right, So like we know that when

501
00:22:20,080 --> 00:22:25,040
Speaker 2: Elon Musk tweets about Tesla, that could significantly impact his

502
00:22:25,160 --> 00:22:28,639
Speaker 2: share prices, and it's not because he just says something

503
00:22:28,680 --> 00:22:32,720
Speaker 2: and automatically somewhere in the magic world of shares, the

504
00:22:32,760 --> 00:22:37,280
Speaker 2: price changes. It's actually because it's reflective of people's actions

505
00:22:37,320 --> 00:22:40,280
Speaker 2: based on his words. So what would have happened is

506
00:22:40,400 --> 00:22:42,520
Speaker 2: more people would be buying it, and more people that

507
00:22:42,560 --> 00:22:45,360
Speaker 2: are buying an asset means that that's more in demand,

508
00:22:45,600 --> 00:22:49,480
Speaker 2: and demand drives price. So the more in demand something is,

509
00:22:49,520 --> 00:22:52,840
Speaker 2: the higher it's valued at. So that's how that works,

510
00:22:53,359 --> 00:22:56,600
Speaker 2: and it's more at this point in time, a lot

511
00:22:56,600 --> 00:22:59,320
Speaker 2: of people might have been selling. Therefore the share price

512
00:22:59,359 --> 00:23:01,720
Speaker 2: is dropping because the way the market would see it

513
00:23:01,760 --> 00:23:04,320
Speaker 2: is that share is not as sexy as it was yesterday.

514
00:23:04,400 --> 00:23:08,680
Speaker 2: We want something different. So it's literally down to your right, Jess,

515
00:23:08,800 --> 00:23:12,760
Speaker 2: consumer confidence. And when people start leaving an asset class

516
00:23:12,880 --> 00:23:15,200
Speaker 2: or an asset in general, you kind of go, oh,

517
00:23:15,280 --> 00:23:17,640
Speaker 2: why they believe it might not be that good? Don't

518
00:23:17,680 --> 00:23:19,760
Speaker 2: want to go there. Kind of when you walk past

519
00:23:19,760 --> 00:23:21,960
Speaker 2: a bar and you just see one person in it

520
00:23:21,960 --> 00:23:23,880
Speaker 2: and you're like, maybe I'll go across the road when

521
00:23:23,960 --> 00:23:26,359
Speaker 2: everybody else is there, because there must be something wrong

522
00:23:26,400 --> 00:23:29,520
Speaker 2: with that, even though it's not got anything to do

523
00:23:29,560 --> 00:23:32,000
Speaker 2: with their service or their quality or the product they're serving.

524
00:23:32,640 --> 00:23:34,240
Speaker 3: Is that kind of like in the same way that

525
00:23:34,280 --> 00:23:37,639
Speaker 3: we were just talking about how the media is kind of,

526
00:23:37,960 --> 00:23:41,600
Speaker 3: you know, dramatizing things. If we see those reports that

527
00:23:41,640 --> 00:23:45,639
Speaker 3: come out that say Quantus shares drop fifty percent, absolutely

528
00:23:45,680 --> 00:23:46,200
Speaker 3: has it happened.

529
00:23:46,240 --> 00:23:49,080
Speaker 2: You may not snap them off if they drop fifty run.

530
00:23:49,640 --> 00:23:52,159
Speaker 3: I'm just pulling numbers out of god knows where are.

531
00:23:52,600 --> 00:23:55,720
Speaker 2: I was excited for a hot second, but like.

532
00:23:55,720 --> 00:23:58,360
Speaker 3: Let's say there's some article, a clickbaity article like that,

533
00:23:58,760 --> 00:24:02,080
Speaker 3: and like, does that then have the potential to like

534
00:24:02,119 --> 00:24:05,159
Speaker 3: the elong Musk tweet reached a large number of people

535
00:24:05,240 --> 00:24:06,639
Speaker 3: and have a similar impact.

536
00:24:07,040 --> 00:24:10,720
Speaker 2: Yes, absolutely, And that's what's so cool about the Internet

537
00:24:10,760 --> 00:24:13,800
Speaker 2: at the moment. So we saw it semi recently. I

538
00:24:13,800 --> 00:24:16,399
Speaker 2: think it was like early this year. I can't remember

539
00:24:16,440 --> 00:24:17,679
Speaker 2: off the top of my head, but I did a

540
00:24:17,760 --> 00:24:20,840
Speaker 2: video that we put on our Instagram chess, and it

541
00:24:20,920 --> 00:24:24,480
Speaker 2: was about GameStop and how the share price of GameStop

542
00:24:24,480 --> 00:24:27,760
Speaker 2: had changed and essentially for people on the Internet had

543
00:24:27,800 --> 00:24:31,240
Speaker 2: decided to boycott this and they were able to because

544
00:24:31,280 --> 00:24:33,320
Speaker 2: of the way they were able to communicate. So it

545
00:24:33,359 --> 00:24:36,320
Speaker 2: wasn't an Elon Musk, it wasn't a Donald Trump tweeting,

546
00:24:36,359 --> 00:24:38,639
Speaker 2: It wasn't someone with massive influence. It was actually a

547
00:24:38,680 --> 00:24:41,439
Speaker 2: group of people that came together on readit online and

548
00:24:41,480 --> 00:24:44,760
Speaker 2: made a decision. So the idea that the stock market

549
00:24:44,840 --> 00:24:47,600
Speaker 2: can now be driven by people's choice, and if we

550
00:24:47,680 --> 00:24:50,880
Speaker 2: really wanted to band together and do something like you're

551
00:24:50,920 --> 00:24:54,280
Speaker 2: not allowed to it is illegal. But the idea that

552
00:24:54,280 --> 00:24:57,320
Speaker 2: that exists is kind of scary because there's this additional

553
00:24:57,400 --> 00:25:00,080
Speaker 2: layer sitting over the share market of what drives it.

554
00:25:00,080 --> 00:25:02,040
Speaker 2: It used to be actual demand, it used to be

555
00:25:02,119 --> 00:25:05,840
Speaker 2: actual resources and reading reports. But you know, I'm not

556
00:25:05,880 --> 00:25:08,040
Speaker 2: saying that this is a good idea. It's just an example,

557
00:25:08,080 --> 00:25:10,440
Speaker 2: and it's absolutely not something that she's on the money

558
00:25:10,440 --> 00:25:12,920
Speaker 2: would do. But imagine if she's on the money, as

559
00:25:12,920 --> 00:25:15,200
Speaker 2: a community got together and said, all right, let's tell

560
00:25:15,240 --> 00:25:17,439
Speaker 2: every one of our listeners to buy one share in

561
00:25:17,520 --> 00:25:21,159
Speaker 2: one business. We've now got a few million listeners. We

562
00:25:21,280 --> 00:25:23,680
Speaker 2: could have a massive impact if that's what we wanted

563
00:25:23,720 --> 00:25:25,560
Speaker 2: to do. But it's not the right thing to do,

564
00:25:25,600 --> 00:25:27,480
Speaker 2: and it's not something we would do, and obviously you'd

565
00:25:27,520 --> 00:25:29,080
Speaker 2: have to make sure that everyone was on board and

566
00:25:29,119 --> 00:25:31,399
Speaker 2: all of that. But we the share market can be

567
00:25:31,520 --> 00:25:34,760
Speaker 2: driven by so many different factors. It's not just things

568
00:25:34,760 --> 00:25:37,560
Speaker 2: that are out of our control anymore. It's actually kind

569
00:25:37,560 --> 00:25:41,400
Speaker 2: of scary that people can now control the markets if

570
00:25:41,400 --> 00:25:44,480
Speaker 2: they've got a strong enough strategy and plan. Kind of scary.

571
00:25:44,520 --> 00:25:47,960
Speaker 3: How easy. Well not to do a complete narrative change.

572
00:25:48,000 --> 00:25:50,840
Speaker 3: But can I steer the conversation back to Christmas?

573
00:25:50,920 --> 00:25:51,080
Speaker 5: Is that?

574
00:25:51,160 --> 00:25:51,480
Speaker 3: Okay?

575
00:25:52,040 --> 00:25:54,679
Speaker 2: Well you absolutely can. But I'm just gonna say I

576
00:25:54,720 --> 00:25:57,320
Speaker 2: did a really good segue earlier, and I thought that

577
00:25:57,400 --> 00:26:00,240
Speaker 2: you could learn from that and like segue and be like, yeah, yes,

578
00:26:00,320 --> 00:26:02,800
Speaker 2: driving markets having impact. Do you know what we can

579
00:26:02,880 --> 00:26:04,960
Speaker 2: have impact on small business?

580
00:26:05,119 --> 00:26:07,240
Speaker 3: Ah, she's so much better than me. Okay, take thank

581
00:26:07,240 --> 00:26:09,240
Speaker 3: you everything that I said about coming to your job.

582
00:26:09,840 --> 00:26:10,920
Speaker 3: You're safe and secure.

583
00:26:11,000 --> 00:26:13,560
Speaker 2: Oh, thank you. I'm just here for the segways. Jessica

584
00:26:13,720 --> 00:26:15,880
Speaker 2: now gives their financial advice. Thank you, come again.

585
00:26:17,720 --> 00:26:19,960
Speaker 3: So this week for a listener question, I picked one

586
00:26:20,240 --> 00:26:22,879
Speaker 3: very on theme, very on brand. She's all about Christmas,

587
00:26:22,920 --> 00:26:24,960
Speaker 3: which we love. It wasn't a voice memo though, so

588
00:26:25,400 --> 00:26:27,080
Speaker 3: if you want to get a voice memo on the show,

589
00:26:27,119 --> 00:26:29,240
Speaker 3: if you want to hear yourself on the pod, send

590
00:26:29,359 --> 00:26:32,040
Speaker 3: your question podcasts that she's on the money dot com

591
00:26:32,080 --> 00:26:36,080
Speaker 3: dot au. We love to see it. But Mary asked

592
00:26:36,560 --> 00:26:39,240
Speaker 3: Christmas is coming up, and I want to buy gifts

593
00:26:39,280 --> 00:26:41,439
Speaker 3: for friends and family. I want to spoil them, But

594
00:26:41,480 --> 00:26:43,960
Speaker 3: I feel really uncomfortable with the idea of contributing to

595
00:26:44,040 --> 00:26:46,920
Speaker 3: the mass consumer mindset that seems to be going on.

596
00:26:47,160 --> 00:26:49,119
Speaker 3: How do I balance my love for my friends and

597
00:26:49,200 --> 00:26:51,720
Speaker 3: family with my own personal ethics? Which I thought was

598
00:26:51,760 --> 00:26:55,199
Speaker 3: an excellent question, and my answer to that would be

599
00:26:55,800 --> 00:26:59,680
Speaker 3: shop small business. You know, there's so many great little

600
00:26:59,680 --> 00:27:03,200
Speaker 3: business is out there that have really cool, unique, ethically

601
00:27:03,240 --> 00:27:07,480
Speaker 3: sourced and produced products, and I thought maybe if you

602
00:27:07,520 --> 00:27:10,119
Speaker 3: guys were down, we could all maybe share a couple

603
00:27:10,119 --> 00:27:13,280
Speaker 3: of our favor small businesses to give people some Christmas ideas,

604
00:27:13,320 --> 00:27:16,880
Speaker 3: because one, we love to shop small. I think there's

605
00:27:16,880 --> 00:27:19,200
Speaker 3: that meme or that little video that goes around that says,

606
00:27:19,240 --> 00:27:21,800
Speaker 3: every time you shop from a small business, someone somewhere

607
00:27:21,800 --> 00:27:23,360
Speaker 3: does a happy dance, and I just love.

608
00:27:24,040 --> 00:27:24,200
Speaker 5: Yes.

609
00:27:24,400 --> 00:27:26,960
Speaker 3: I love thinking that someone is excited with my business.

610
00:27:27,040 --> 00:27:30,120
Speaker 3: I love thinking that I'm getting something unique and beautiful

611
00:27:30,119 --> 00:27:32,840
Speaker 3: that was crafted with love. And if I may say

612
00:27:32,880 --> 00:27:36,320
Speaker 3: so myself, we're all ladies of immaculate taste, so.

613
00:27:37,280 --> 00:27:41,760
Speaker 2: Yously obviously so in saying that, I'll go last because

614
00:27:41,760 --> 00:27:44,000
Speaker 2: I have the least to bring to the table when

615
00:27:44,000 --> 00:27:47,119
Speaker 2: it comes to having fruit taste. Oh, Jess, I mainly

616
00:27:47,160 --> 00:27:49,120
Speaker 2: just be like, oh, cute dress, Jess, where's that from?

617
00:27:49,160 --> 00:27:53,320
Speaker 2: Maybe I'll copy you, like that's literruly how my mind works. So, Georgia,

618
00:27:53,520 --> 00:27:55,360
Speaker 2: what have you got straight off the bat?

619
00:27:55,480 --> 00:27:55,840
Speaker 3: Okay?

620
00:27:55,920 --> 00:27:57,480
Speaker 4: I have so many? What's my limit?

621
00:27:57,520 --> 00:27:57,720
Speaker 2: Here?

622
00:27:57,960 --> 00:27:58,200
Speaker 4: Tell me?

623
00:27:58,320 --> 00:27:59,920
Speaker 2: Ladies? Oh three? You get three?

624
00:28:00,119 --> 00:28:00,399
Speaker 3: Okay?

625
00:28:00,480 --> 00:28:02,560
Speaker 2: Okay? And then maybe at the end if there's one

626
00:28:02,560 --> 00:28:04,640
Speaker 2: that you're like, throw this wild card in there.

627
00:28:04,680 --> 00:28:06,680
Speaker 4: You can love it. Maybe I'll even throw them in

628
00:28:06,720 --> 00:28:07,840
Speaker 4: the newsletter this week, you know.

629
00:28:10,000 --> 00:28:12,760
Speaker 2: Instead, it's just like one be around.

630
00:28:12,480 --> 00:28:16,040
Speaker 3: Us that if you want to join our newsletter mailing list.

631
00:28:16,119 --> 00:28:18,199
Speaker 3: By the way, it's on our website. You can sign up.

632
00:28:18,240 --> 00:28:21,479
Speaker 3: It's really great. George doesn't immaculate job? Right?

633
00:28:21,640 --> 00:28:23,600
Speaker 2: Sis? You do your funny goal?

634
00:28:24,560 --> 00:28:29,280
Speaker 4: Thanks so much. Okay, So I'm going to choose.

635
00:28:30,320 --> 00:28:32,560
Speaker 5: I think I'm going to go with a jewelry brand

636
00:28:32,640 --> 00:28:38,480
Speaker 5: that I adore. It's okay, Chloe Sophia Jewels. Full disclosure,

637
00:28:38,520 --> 00:28:39,480
Speaker 5: she's my best friend.

638
00:28:39,600 --> 00:28:43,680
Speaker 2: Okay, good choice, though great choice, turns out pays to

639
00:28:43,680 --> 00:28:44,080
Speaker 2: be friends with.

640
00:28:44,240 --> 00:28:48,120
Speaker 5: She's on the money, correct, correct, No, her jewels are incredible.

641
00:28:48,160 --> 00:28:55,080
Speaker 5: They're all completely handcrafted. Her specialty is silversmithing. Like she's

642
00:28:55,400 --> 00:28:57,160
Speaker 5: she's a genie staying.

643
00:28:56,880 --> 00:28:58,680
Speaker 2: That at the bar. What do you do? I'm a

644
00:28:58,720 --> 00:29:00,280
Speaker 2: silver smith exactly.

645
00:29:00,400 --> 00:29:03,640
Speaker 4: It's very cool, very chic, but closed stuff.

646
00:29:03,680 --> 00:29:06,040
Speaker 5: It's kind of at that medium price point, so you

647
00:29:06,040 --> 00:29:09,400
Speaker 5: could pick something up maybe from between fifty dollars to

648
00:29:09,480 --> 00:29:12,360
Speaker 5: maybe two hundred, depending on what you're after. But the

649
00:29:12,400 --> 00:29:15,800
Speaker 5: difference is is that these products are handmade by a

650
00:29:15,840 --> 00:29:17,560
Speaker 5: gal just trying to make it out on the New

651
00:29:17,600 --> 00:29:21,720
Speaker 5: South Wales coast. And yeah, by supporting her, you're doing

652
00:29:21,720 --> 00:29:24,480
Speaker 5: a really good thing and her stuff is amazing. So

653
00:29:24,560 --> 00:29:28,400
Speaker 5: if you still need some little gifties, would really recommend.

654
00:29:28,000 --> 00:29:32,480
Speaker 4: Chloe Sophia Jewels. Oh I love that? Can I have

655
00:29:32,520 --> 00:29:32,920
Speaker 4: two more?

656
00:29:33,480 --> 00:29:36,280
Speaker 2: Oh? Yeah, I said, I love that. I'm waiting for

657
00:29:36,320 --> 00:29:37,680
Speaker 2: the next two, George, Okay.

658
00:29:37,960 --> 00:29:40,800
Speaker 4: Second one is Curio Practice.

659
00:29:41,280 --> 00:29:45,120
Speaker 5: Now these are super speno, not going to lie about it,

660
00:29:45,440 --> 00:29:51,000
Speaker 5: but again they're handcrafted. They're these extremely beautiful blankets. They're

661
00:29:51,000 --> 00:29:53,720
Speaker 5: in the checked print that you guys will have seen

662
00:29:53,800 --> 00:29:56,800
Speaker 5: everywhere at the moment. But if you have a little Google,

663
00:29:56,920 --> 00:30:01,320
Speaker 5: they are just so chic. They're made by a queen

664
00:30:01,560 --> 00:30:06,600
Speaker 5: in Melbourne. I think they're like hand they're not hand knitted.

665
00:30:06,680 --> 00:30:10,600
Speaker 5: I don't really I'm not a crafty girl. Woven perhaps woven,

666
00:30:11,000 --> 00:30:13,280
Speaker 5: you guys will have to tell me. But they're amazing

667
00:30:13,400 --> 00:30:16,640
Speaker 5: if you're looking for something really substantial for your partner

668
00:30:16,760 --> 00:30:20,280
Speaker 5: or someone that you really like, or maybe yourself. And

669
00:30:20,560 --> 00:30:24,959
Speaker 5: my last recommendation would be Kate Macendo, who's another local

670
00:30:25,040 --> 00:30:28,720
Speaker 5: jeweler on the Mornington Peninsula who makes beautiful stuff at

671
00:30:28,720 --> 00:30:30,560
Speaker 5: a similar price point to Chloe's stuff.

672
00:30:30,600 --> 00:30:32,720
Speaker 4: So jewels, girls, we love.

673
00:30:32,880 --> 00:30:35,840
Speaker 2: Oh, I love that. I feel like you've covered the jewelry.

674
00:30:35,880 --> 00:30:37,880
Speaker 2: I'll make sure I tick that off. There's something I

675
00:30:37,960 --> 00:30:40,520
Speaker 2: don't cover, so jess what have you got?

676
00:30:41,600 --> 00:30:44,000
Speaker 3: As I've said before, I am a lover of a

677
00:30:44,080 --> 00:30:47,200
Speaker 3: practical gift. I think if you can give something to

678
00:30:47,240 --> 00:30:49,160
Speaker 3: someone that they use every day. And this was very

679
00:30:49,160 --> 00:30:51,080
Speaker 3: divisive when I said it last time. I think I

680
00:30:51,120 --> 00:30:54,000
Speaker 3: said it when we did our Instagram livea and some

681
00:30:54,000 --> 00:30:57,360
Speaker 3: people were like, yes, give me practicality, and some people

682
00:30:57,360 --> 00:31:00,520
Speaker 3: were like, do not give me a kitchen appliance for Christmas?

683
00:31:00,560 --> 00:31:03,640
Speaker 2: I will apologies if you take in.

684
00:31:03,560 --> 00:31:07,000
Speaker 3: To camp B. I'm firmly camp A. But there's a

685
00:31:07,000 --> 00:31:09,800
Speaker 3: little small bis that I found on Instagram called Style

686
00:31:09,880 --> 00:31:14,360
Speaker 3: where they're very new and they do beautiful chic stay

687
00:31:14,400 --> 00:31:18,560
Speaker 3: with me tupperware, which I know, I know in me,

688
00:31:19,040 --> 00:31:22,840
Speaker 3: I know, have a look at have a look at

689
00:31:22,840 --> 00:31:25,560
Speaker 3: them on Instagram because as someone who is trying to

690
00:31:25,600 --> 00:31:28,920
Speaker 3: be really responsible, take her lunch places with her, bring

691
00:31:28,920 --> 00:31:30,680
Speaker 3: it into work when we're back in the office, all

692
00:31:30,720 --> 00:31:31,880
Speaker 3: those fun things.

693
00:31:31,800 --> 00:31:33,400
Speaker 2: I actually really like that idea.

694
00:31:33,720 --> 00:31:36,640
Speaker 3: Yeah, and they're stunning, Like, have a look on the Instagram.

695
00:31:36,760 --> 00:31:41,080
Speaker 3: They're monochromatic, they're silicon, they're BP free, they're beautiful in

696
00:31:41,400 --> 00:31:44,080
Speaker 3: very chic colors. I'm currently on the wait list for

697
00:31:44,120 --> 00:31:46,240
Speaker 3: a beautiful blush pink set because they're stunning.

698
00:31:46,480 --> 00:31:50,920
Speaker 2: Of course, you are also what a good present coming

699
00:31:50,920 --> 00:31:53,640
Speaker 2: out of COVID and knowing everybody's going back to work,

700
00:31:53,920 --> 00:31:55,520
Speaker 2: I want a lunch box for Christmas.

701
00:31:55,920 --> 00:31:56,640
Speaker 4: But that's so.

702
00:31:56,520 --> 00:31:58,560
Speaker 3: Thoughtful and it's the kind of thing as well that

703
00:31:58,600 --> 00:32:00,800
Speaker 3: if you took it into the office, I guarantee you

704
00:32:00,800 --> 00:32:02,600
Speaker 3: someone will be like, I love that. Where's that from?

705
00:32:02,800 --> 00:32:05,080
Speaker 3: They have like little silicon leads. They keep your food

706
00:32:05,120 --> 00:32:07,520
Speaker 3: really fresh. I know it might be a bit boring,

707
00:32:07,720 --> 00:32:08,160
Speaker 3: but that.

708
00:32:08,280 --> 00:32:09,880
Speaker 2: No, it's not. No, I think that's great.

709
00:32:10,120 --> 00:32:11,720
Speaker 3: The person you give it too will use it every day.

710
00:32:11,760 --> 00:32:13,200
Speaker 3: If you want to spice it up, throw a little

711
00:32:13,200 --> 00:32:15,120
Speaker 3: food item in with the gift, maybe pop it in

712
00:32:15,160 --> 00:32:16,960
Speaker 3: the tapp away, wrap it up really cute with a

713
00:32:16,960 --> 00:32:19,360
Speaker 3: little bow on it. So that was my first one,

714
00:32:19,840 --> 00:32:23,280
Speaker 3: and then I also have two more. My second one

715
00:32:23,600 --> 00:32:25,760
Speaker 3: is a little more fun. I don't know if you

716
00:32:25,800 --> 00:32:29,360
Speaker 3: guys have heard of croct They got really popular during Lockdown.

717
00:32:29,440 --> 00:32:32,840
Speaker 3: It's a pottery company and they sell these clay kits,

718
00:32:33,560 --> 00:32:35,600
Speaker 3: so you can get click a kit for just you

719
00:32:35,720 --> 00:32:37,760
Speaker 3: or a kit for a number of people, and they'll

720
00:32:37,840 --> 00:32:41,440
Speaker 3: literally post you out a slab of clay, some materials.

721
00:32:41,520 --> 00:32:43,640
Speaker 3: You sit down. You can make a little date day

722
00:32:43,760 --> 00:32:46,040
Speaker 3: of it, or you can do it for yourself. As

723
00:32:46,080 --> 00:32:49,960
Speaker 3: someone who pre Lockdown got very into throwing pottery on

724
00:32:50,000 --> 00:32:53,160
Speaker 3: a wheel. It's super fun. You can make something cool.

725
00:32:53,200 --> 00:32:55,120
Speaker 3: You can keep it and then they can drop it off.

726
00:32:55,120 --> 00:32:56,560
Speaker 3: They can glaze it, they can fire it, you can

727
00:32:56,560 --> 00:32:59,120
Speaker 3: do all sorts of fun things. It's something the person

728
00:32:59,160 --> 00:33:00,960
Speaker 3: you gift it too. Can you do it by themselves

729
00:33:01,120 --> 00:33:03,240
Speaker 3: or you could do it together as a fun activity.

730
00:33:04,400 --> 00:33:08,080
Speaker 3: Can you tell I'm really into the crafty stuff. Very

731
00:33:09,080 --> 00:33:11,040
Speaker 3: and then my last small bees will not come as

732
00:33:11,040 --> 00:33:14,240
Speaker 3: a surprise. It's an artist who does beautiful, beautiful prints.

733
00:33:14,280 --> 00:33:16,120
Speaker 3: We actually have one in our office.

734
00:33:16,440 --> 00:33:18,240
Speaker 2: No, the Naderna ones.

735
00:33:18,400 --> 00:33:20,640
Speaker 4: Yes, that's on my least.

736
00:33:21,680 --> 00:33:22,600
Speaker 2: Sorry I knew.

737
00:33:22,800 --> 00:33:25,520
Speaker 3: No, that's okay, coming with double the recommendations from the team.

738
00:33:25,560 --> 00:33:28,160
Speaker 3: Then we have a huge print of hers in our

739
00:33:28,200 --> 00:33:31,360
Speaker 3: office that is stunning, and she does everything from a

740
00:33:31,560 --> 00:33:34,160
Speaker 3: four through to like a one or a zero or whatever.

741
00:33:34,160 --> 00:33:36,320
Speaker 3: The biggest one is so you can get anything for

742
00:33:36,360 --> 00:33:37,960
Speaker 3: any price point. If you want to make it a

743
00:33:37,960 --> 00:33:40,000
Speaker 3: little booze, you can get it with a frame or

744
00:33:40,040 --> 00:33:43,240
Speaker 3: frame it yourself. They're just beautiful. Her work is so

745
00:33:43,440 --> 00:33:44,680
Speaker 3: colorful and warm.

746
00:33:45,000 --> 00:33:46,560
Speaker 4: It's indigenous art, isn't it.

747
00:33:46,560 --> 00:33:49,480
Speaker 3: It is indigenous art, and it's in that traditional dot

748
00:33:49,560 --> 00:33:52,000
Speaker 3: painting style, which I think is beautiful. But just the

749
00:33:52,080 --> 00:33:55,240
Speaker 3: colors are very earthy, and there's just something about it

750
00:33:55,280 --> 00:33:57,200
Speaker 3: that really speaks to me personally. And I think it's

751
00:33:57,200 --> 00:34:00,640
Speaker 3: such a lovely gift because people seldom buy themselves, as

752
00:34:01,000 --> 00:34:03,880
Speaker 3: I think, and so it's something that's really lovely to have,

753
00:34:04,360 --> 00:34:05,920
Speaker 3: and even better, it receives a gift.

754
00:34:06,360 --> 00:34:07,800
Speaker 4: Oh I love that.

755
00:34:08,000 --> 00:34:09,560
Speaker 3: How about you? I know that I just stole one

756
00:34:09,560 --> 00:34:10,799
Speaker 3: of yours. I'm very sorry. But what else?

757
00:34:11,080 --> 00:34:14,120
Speaker 2: God, It's okay, I have something really similar. I have

758
00:34:14,200 --> 00:34:17,400
Speaker 2: something different. I have found gifts for everybody. Are you ready?

759
00:34:17,760 --> 00:34:21,240
Speaker 2: So first is Rachel Sarah. So Rachel Sarah is another

760
00:34:21,239 --> 00:34:25,799
Speaker 2: indigenous artist and does gorgeous stuff, but she has a

761
00:34:25,800 --> 00:34:28,960
Speaker 2: diverse range of offerings. So the thing that I love

762
00:34:29,160 --> 00:34:32,319
Speaker 2: is her planners and her calendars, which I think are

763
00:34:32,360 --> 00:34:35,440
Speaker 2: really gorgeous. She also does notebooks and key rings and

764
00:34:35,600 --> 00:34:38,840
Speaker 2: really gorgeous totes, So I feel like that's a really

765
00:34:39,000 --> 00:34:42,560
Speaker 2: good gift idea. So the next thing, I think I

766
00:34:42,600 --> 00:34:44,239
Speaker 2: have more than three? Am I allowed more than three?

767
00:34:44,400 --> 00:34:49,480
Speaker 2: I'll be real quick you get to Yeah, flex mummy,

768
00:34:49,960 --> 00:34:52,360
Speaker 2: I have seen these, and I think I'm going to

769
00:34:52,400 --> 00:34:55,319
Speaker 2: buy a few for friends for Christmas. But for under

770
00:34:55,320 --> 00:34:58,960
Speaker 2: fifty bucks, you can get a gift from her small business.

771
00:34:59,080 --> 00:35:00,960
Speaker 2: And the one that I've been looking at is the

772
00:35:01,040 --> 00:35:05,640
Speaker 2: questions you really want to answer critical thinking conversation card games,

773
00:35:05,840 --> 00:35:07,880
Speaker 2: because I just think that would be really fun. I

774
00:35:07,960 --> 00:35:10,440
Speaker 2: loved doing the Cards against Humanity kind of thing, but

775
00:35:10,480 --> 00:35:12,760
Speaker 2: I like this kind of tangent we're going on into

776
00:35:12,840 --> 00:35:15,120
Speaker 2: actually asking people questions, so that we can get to

777
00:35:15,160 --> 00:35:17,080
Speaker 2: know them better. And it just seems like a really

778
00:35:17,200 --> 00:35:19,440
Speaker 2: nice thing to pull out when you're having a drink

779
00:35:19,440 --> 00:35:22,520
Speaker 2: with a few of your girlfriends. So that felt really good.

780
00:35:23,280 --> 00:35:26,920
Speaker 2: The next is for I won't say for the ladies,

781
00:35:27,080 --> 00:35:30,880
Speaker 2: but it's lipstick. It is from Lulu Lips, and Lulu

782
00:35:30,960 --> 00:35:34,200
Speaker 2: Lips is run by Louise and Louise is the makeup

783
00:35:34,280 --> 00:35:36,680
Speaker 2: artist that I have been working with a fair bit

784
00:35:36,719 --> 00:35:39,400
Speaker 2: on a few campaigns and she has used her products

785
00:35:39,400 --> 00:35:42,200
Speaker 2: on me and every single time I've been like, what

786
00:35:42,360 --> 00:35:44,960
Speaker 2: is this lipstick? And she's like, oh, it's mine. And

787
00:35:45,040 --> 00:35:47,959
Speaker 2: I thought when she was saying it's mine, she meant

788
00:35:48,000 --> 00:35:50,759
Speaker 2: like it's mine from my kick because I'm a makeup artist.

789
00:35:50,920 --> 00:35:51,320
Speaker 4: Victoria.

790
00:35:51,480 --> 00:35:54,040
Speaker 2: No, she made it gorgeous packaging. She even has a

791
00:35:54,120 --> 00:35:57,480
Speaker 2: lipstick called Victoria, which I have been wearing religiously. She

792
00:35:57,560 --> 00:35:59,600
Speaker 2: does really cute gift packs. You get a free little

793
00:35:59,640 --> 00:36:02,000
Speaker 2: makeup bag and a cookie. I just feel like that's

794
00:36:02,040 --> 00:36:05,320
Speaker 2: really cute. She's Melbourne based and a legend. The next

795
00:36:05,400 --> 00:36:08,680
Speaker 2: one is candles, because, as you guys know, I'm obsessed

796
00:36:08,719 --> 00:36:14,040
Speaker 2: with candles. I love the Sunday Blue candles. So they

797
00:36:14,080 --> 00:36:16,400
Speaker 2: have a blood orange candle that I'm obsessed with. The

798
00:36:16,440 --> 00:36:19,520
Speaker 2: fresh linen one is really really good, and the jasmine

799
00:36:19,520 --> 00:36:25,200
Speaker 2: and honeysuckle is next level. Gorgeous packaging, gorgeous branding, Melbourne based. Again,

800
00:36:25,440 --> 00:36:28,840
Speaker 2: you can't go wrong. And then, guys, are you ready?

801
00:36:29,480 --> 00:36:32,440
Speaker 2: I have found a gift for the person that is

802
00:36:32,560 --> 00:36:37,400
Speaker 2: ungiftable my dad. Ha ha ha, Well maybe not actually,

803
00:36:37,440 --> 00:36:39,520
Speaker 2: maybe I take that back. It's probably for She's on

804
00:36:39,600 --> 00:36:41,680
Speaker 2: the Money esque li Smak, So if they don't listen

805
00:36:41,719 --> 00:36:43,520
Speaker 2: to Shees on the Money, they're probably not that interested

806
00:36:43,520 --> 00:36:46,720
Speaker 2: in this. But I find gift giving for a number

807
00:36:46,719 --> 00:36:50,120
Speaker 2: of my friends really hard. But the next one is

808
00:36:50,160 --> 00:36:53,080
Speaker 2: from a small business based here in Melbourne and it

809
00:36:53,160 --> 00:36:56,880
Speaker 2: is from an artist called Corey Ashford. And I discovered

810
00:36:56,880 --> 00:36:59,080
Speaker 2: this as I was just going through the internet looking

811
00:36:59,120 --> 00:37:03,880
Speaker 2: for presents. But he has this gorgeous oyster incense holder.

812
00:37:04,040 --> 00:37:06,799
Speaker 2: It's eighty dollars. It's not a present that I would

813
00:37:06,880 --> 00:37:10,080
Speaker 2: just give to anybody. But if you can't think of

814
00:37:10,080 --> 00:37:13,719
Speaker 2: a gift, consider something from his store because he has

815
00:37:13,800 --> 00:37:18,960
Speaker 2: made these gorgeous gold oyster shells. They are just so pretty.

816
00:37:19,560 --> 00:37:22,560
Speaker 2: There are an incense holder, but I reckon that could

817
00:37:22,560 --> 00:37:25,600
Speaker 2: be multifunctional as like a little ring dish or something

818
00:37:25,640 --> 00:37:28,000
Speaker 2: that would sit beside your bed, Like it literally looks

819
00:37:28,040 --> 00:37:30,560
Speaker 2: like a small piece of art. I think it's gorgeous.

820
00:37:30,640 --> 00:37:35,240
Speaker 2: And that is my last gift recommendation. I've never met Corey,

821
00:37:35,360 --> 00:37:39,239
Speaker 2: but I just feel like Corey sounds like a good hit. Yeah,

822
00:37:39,280 --> 00:37:41,400
Speaker 2: I just I really liked it, and I was like,

823
00:37:41,480 --> 00:37:43,520
Speaker 2: do you know what someone gifted me that I'd be like,

824
00:37:43,560 --> 00:37:46,160
Speaker 2: that's really thoughtful because it looks like a ring dish,

825
00:37:46,280 --> 00:37:48,799
Speaker 2: like I could use it as that, like incense in it.

826
00:37:48,800 --> 00:37:50,640
Speaker 2: It just it feels like a luxury present that you

827
00:37:50,680 --> 00:37:54,000
Speaker 2: wouldn't buy for yourself anyway. None of these have been sponsored, guys,

828
00:37:54,040 --> 00:37:56,760
Speaker 2: just so you know, like nobody's spoken to anybody who's

829
00:37:56,840 --> 00:37:59,239
Speaker 2: been mentioned on this list, nor if they asked to

830
00:37:59,239 --> 00:38:01,759
Speaker 2: be included. It's just George, Jess and I having a

831
00:38:01,760 --> 00:38:03,959
Speaker 2: bit of a banter about the products that we think

832
00:38:04,000 --> 00:38:07,839
Speaker 2: would be really fun to purchase. So yeah, that's that

833
00:38:07,920 --> 00:38:09,880
Speaker 2: little non sponsorship disclaimer.

834
00:38:10,040 --> 00:38:12,680
Speaker 3: You know what I'll do, I'll chuck a thread up

835
00:38:12,800 --> 00:38:15,279
Speaker 3: in the FACI group today as well, so you can

836
00:38:15,280 --> 00:38:18,279
Speaker 3: share your favor small business purchases from a business that

837
00:38:18,320 --> 00:38:20,399
Speaker 3: you want to support. I feel like this time of year,

838
00:38:20,520 --> 00:38:23,720
Speaker 3: great question for Mary. If you don't want to shop big,

839
00:38:23,760 --> 00:38:25,480
Speaker 3: if you want to give something thoughtful, and if you

840
00:38:25,520 --> 00:38:28,919
Speaker 3: want to make somebody's day shops more. There's so many

841
00:38:28,960 --> 00:38:30,279
Speaker 3: fantastic options out there.

842
00:38:30,600 --> 00:38:34,320
Speaker 2: Please fill it full of your friend's businesses as well.

843
00:38:34,400 --> 00:38:37,640
Speaker 2: I feel like so many times our friends have businesses

844
00:38:37,680 --> 00:38:39,880
Speaker 2: and we don't promote them as much as we should.

845
00:38:40,120 --> 00:38:41,960
Speaker 2: If your friend has a small business and sells a

846
00:38:42,000 --> 00:38:44,640
Speaker 2: cool product that you think would be suitable for someone's

847
00:38:44,719 --> 00:38:46,680
Speaker 2: Christmas present, drop it in the thread. I want to

848
00:38:46,680 --> 00:38:47,920
Speaker 2: see it. I want to hear it, I want to

849
00:38:47,920 --> 00:38:49,759
Speaker 2: look at it like I want to celebrate them, because

850
00:38:49,760 --> 00:38:52,760
Speaker 2: small business is obviously something I'm wildly passionate about.

851
00:38:53,080 --> 00:38:55,600
Speaker 5: Just one more plug to the newsletter as well, Gales.

852
00:38:55,840 --> 00:38:58,360
Speaker 5: We do do a small business shout out every single

853
00:38:58,360 --> 00:39:01,600
Speaker 5: week in the newsletter, and we're always looking for more nominations.

854
00:39:01,680 --> 00:39:04,440
Speaker 5: So if you do have a biz that you want

855
00:39:04,560 --> 00:39:07,880
Speaker 5: to support, get involved, sign up to the newsletter and

856
00:39:08,080 --> 00:39:10,920
Speaker 5: nominate a pal who you think would appreciate it.

857
00:39:11,000 --> 00:39:13,640
Speaker 2: I love that. Well, guys, I think that is all

858
00:39:13,680 --> 00:39:16,480
Speaker 2: we have time for today. I do apologize, but I

859
00:39:16,520 --> 00:39:18,399
Speaker 2: feel like we have left you with a diverse range

860
00:39:18,440 --> 00:39:21,360
Speaker 2: of information. Something about the share market, something about oyster

861
00:39:21,480 --> 00:39:25,319
Speaker 2: ring dishes, something about candles. We've been everywhere today, but

862
00:39:25,520 --> 00:39:27,880
Speaker 2: as always, just before we head off, we'd like to

863
00:39:27,920 --> 00:39:31,520
Speaker 2: acknowledge and pay respect to Australia's Aboriginal and torrest Rate

864
00:39:31,600 --> 00:39:35,200
Speaker 2: islander peoples. They're the traditional custodians of the lands, the

865
00:39:35,200 --> 00:39:38,759
Speaker 2: waterways and the skies all across Australia. We thank you

866
00:39:38,800 --> 00:39:40,879
Speaker 2: for sharing and for caring for the land on which

867
00:39:40,920 --> 00:39:43,279
Speaker 2: we are able to learn. We pay our respects to

868
00:39:43,360 --> 00:39:45,960
Speaker 2: elders past and present, and we share our friendship and

869
00:39:46,040 --> 00:39:46,800
Speaker 2: our kindness.

870
00:39:47,160 --> 00:39:49,600
Speaker 5: And remember, guys, that the advice shared on She's on

871
00:39:49,640 --> 00:39:52,440
Speaker 5: the Money is general in nature and does not consider

872
00:39:52,520 --> 00:39:56,520
Speaker 5: your individual circumstances. She's on the Money exists purely for

873
00:39:56,640 --> 00:39:59,560
Speaker 5: educational purposes and should not be relied upon to make

874
00:39:59,600 --> 00:40:03,560
Speaker 5: an invest or a financial decision. And we promise Victoria

875
00:40:03,600 --> 00:40:07,440
Speaker 5: Divine is an authorized representative of Australia Pacific Funds Management

876
00:40:07,600 --> 00:40:10,920
Speaker 5: Proprietary Limited ABN three four one three two four six

877
00:40:11,000 --> 00:40:13,680
Speaker 5: three two five seven AFO CL three three nine one.

878
00:40:13,560 --> 00:40:15,760
Speaker 2: Five one No, see you next week, guys.

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00:40:16,080 --> 00:40:25,840
Speaker 3: Hi, Bye, guys,