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Speaker 1: Hello.

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Speaker 2: My name's Santasha Nabananga Bamblet. I'm a proud yor 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 4: Hello, and welcome to She's on the Money, the podcast

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Speaker 4: for people who want to be able to enjoy their

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Speaker 4: hard owned money as well as have financial freedom. My

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Speaker 4: name is beck Side and with me as always is

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Speaker 4: Victoria Devine.

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Speaker 1: Hello, my friend. I'm really excited about this because that

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Speaker 1: is a really good point, and sometimes we put these

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Speaker 1: really hard boundaries on ourselves that if we're going to

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Speaker 1: be saving money, you can't spend any of it and

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Speaker 1: you can't enjoy the ride. And that's not as spec.

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Speaker 1: We are all about the journey aren't we Absolutely so?

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Speaker 1: Saving money, having money, reaching goals. It doesn't always bring

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Speaker 1: us joy, does it, Like I mean sometimes it can,

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Speaker 1: But just saving for the sake of it if you

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Speaker 1: have no goal not that exciting. At the end of

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Speaker 1: the day, it's all about your money story and your mindset.

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Speaker 1: And we've done so many episodes exploring money mindset over

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Speaker 1: the years of the show, and I guess this idea

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Speaker 1: of arriving at what your personal financial goals are. And

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Speaker 1: often on the show we're really trying to counterbalance this

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Speaker 1: overwhelming comparison culture that exists that does send people into debt.

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Speaker 1: But today I wanted to talk about something that I

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Speaker 1: think is very important as well. And Beck, I've got

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Speaker 1: a little secret for you. But guess what what. You're

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Speaker 1: actually allowed to spend your money on things that you like.

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Speaker 1: Like you don't have to save all of it, you

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Speaker 1: don't have to invest all of it, you don't have

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Speaker 1: to go really really tough on yourself, like we can

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Speaker 1: have fun.

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Speaker 4: That is good to know because I have been doing

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Speaker 4: just that.

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Speaker 1: You've just been doing just that the whole time.

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Speaker 2: Though.

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Speaker 1: Yeah, well now I'm giving you permission officially, I meanes

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Speaker 1: you will be investing this year. That's a non negotiable. Sure, yeah,

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Speaker 1: like we're getting there. But after the break, you and

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Speaker 1: I are going to be hearing from the community about

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Speaker 1: things that have brought them happiness that they've spent some

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Speaker 1: cash all on. But before that, we're going to step

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Speaker 1: through a bit of I guess the key psychology around

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Speaker 1: how money actually drives our emotions. Because we know that

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Speaker 1: money is inherently emotional.

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Speaker 4: That is why I.

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Speaker 1: Am so passionate about talking about money stories and how

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Speaker 1: you grew up around it, and Beck, what do you

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Speaker 1: value versus what do I value? And please stop looking

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Speaker 1: at me my values when you're trying to work out

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Speaker 1: your own, Like it is inherently emotional, and I think

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Speaker 1: that there's just such a disconnect, especially now, from people

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Speaker 1: being like, well, I have to say for a house,

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Speaker 1: this economy is absolutely screwed, Like oh, I have to

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Speaker 1: you know, invest because I need to create wealth, and

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Speaker 1: you know, there's just this idea of putting pressure on ourselves,

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Speaker 1: but like Beck, we also need to live a little.

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Speaker 4: This is like, honestly one of the most privileged things

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Speaker 4: I've ever heard, and I'm sure you've heard it too.

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Speaker 4: They say, like money doesn't buy happiness, of course, which

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Speaker 4: is you know, all well and good if you have money,

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Speaker 4: But is that really true?

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Speaker 1: Yes and no. So as you know, the saying money

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Speaker 1: doesn't buy happiness, I think is yes very true because

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Speaker 1: you know, having had your money story and me knowing

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Speaker 1: deeply about your money story, and you having shared a

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Speaker 1: lot of it with the community, I'm pretty sure money

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Speaker 1: would have made your life a little bit more comfortable

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Speaker 1: growing up. Yes, even if it was an extra like

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Speaker 1: thirty or fifty bucks a week, right, Like we're not

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Speaker 1: talking about having millions. And then I think, on the

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Speaker 1: flip side, lots of people say flippant things that really

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Speaker 1: disregard how important money is for day to day life.

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Speaker 1: They'll be like, money doesn't buy happiness, but I prefer

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Speaker 1: to cry in a maserati. You're missing the point entirely.

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Speaker 1: But according to a study that was released last year

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Speaker 1: by the British Journal of Social Psychology, whether or not

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Speaker 1: money can buy happiness is actually dependent on how our

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Speaker 1: purchases align with our goals. Almost like I paid them

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Speaker 1: to do that research. I didn't, but I love that

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Speaker 1: they've done this research as we have. In this study,

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Speaker 1: Beck researchers asked four hundred and fifty two participants in

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Speaker 1: an online survey to describe a recent purchase. They were

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Speaker 1: asked to write about something that they'd spent money on

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Speaker 1: in the last three months, ranging from about sixty bucks

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Speaker 1: all the way up to twelve hundred dollars excluding everyday

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Speaker 1: expenses like bills and groceries. After describing it, people were

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Speaker 1: asked to indicate the extent to which the purchase actually

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Speaker 1: helped fulfill a different goal for them. They also noted

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Speaker 1: how much they felt that the purchase had contributed to

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Speaker 1: their happiness and their life satisfaction. Okay, we're not asking

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Speaker 1: questions like this previously. I think this is so good.

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Speaker 1: But the research found beck the more a purchase actually

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Speaker 1: reflected someone's intrinsic goals, so an intrinsic goal is something

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Speaker 1: that motivates you internally rather than externally, the more they

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Speaker 1: thought it improved their personal well being. In other words,

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Speaker 1: the greatest well being occurred when people spent money on

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Speaker 1: something that was personally important to them.

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Speaker 4: Yeah, because I was going to say, actually, one of

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Speaker 4: my expensive purchases, and I probably couldn't have afforded this,

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Speaker 4: It wasn't in my budget. But I did my Fitbit

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Speaker 4: and that really helps me. That's my own person.

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Speaker 1: But like you thought about it, that goes back to

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Speaker 1: you know, I'm always like put twenty four hours between

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Speaker 1: you and your spending, and like, obviously we're going to

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Speaker 1: talk about some bougier purchases later, because I think we

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Speaker 1: need to normalize like celebrating other people like Beck. I

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Speaker 1: know you said you bought your fitbit, and some people

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Speaker 1: will be like, oh, I definitely couldn't afford it. But

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Speaker 1: I don't think we need to compare ourselves to Beck's

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Speaker 1: bigger purchase and go so well, so annoying she could

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Speaker 1: afford it. Like when one of us rises Beck, we

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Speaker 1: all rise. Yes, Like if you can see another woman

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Speaker 1: doing something cool, be like wow, they must be just

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Speaker 1: at a different part of their journey than me, Like wow,

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Speaker 1: they're getting it. They are absolutely slaying it. How good

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Speaker 1: is it that they bought something in line with their values?

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Speaker 1: Hope I can do the same thing one time. I

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Speaker 1: completely agree with you, But I just think we need

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Speaker 1: to change our mindsets because so often you might see

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Speaker 1: someone you know buying house or doing these big things

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Speaker 1: and you just go, oh, I'm so jealous. We don't

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Speaker 1: need to be jealous. See it as permission that you

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Speaker 1: can do it too.

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Speaker 4: I completely agree, And like, this is the thing that

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Speaker 4: money is actually like so much more emotional than we

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Speaker 4: really realize. But we did an episode in April about

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Speaker 4: comparison culture and talked all about our psychology as social creatures,

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Speaker 4: and we are constantly comparing ourselves to others, and money

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Speaker 4: in the amount of material goods we have is one

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Speaker 4: of the main ways we do it when it comes.

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Speaker 1: And right, feel like so many times we're like, oh

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Speaker 1: but she earns more. Oh be they earn more, Ah,

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Speaker 1: but I earn less than them, And it's just toxic.

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Speaker 1: You're being toxic.

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Speaker 4: But when it comes to like our goals, how do

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Speaker 4: we shape these all?

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Speaker 1: Right, So when it comes to your goals, first things first,

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Speaker 1: I find it fascinating that we have so many different

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Speaker 1: goals and everyone's on such different pages. And I mean

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Speaker 1: that's I think why I love our dynamic, Like we

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Speaker 1: have such a juxtaposition of who we are and what

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Speaker 1: we're doing and what life stage we're in. Like, you know,

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Speaker 1: I'm a new mum and you are back and you're vibing,

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Speaker 1: and if I ask you what your favorite thing in

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Speaker 1: the world is I can almost guarantee you, like, do

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Speaker 1: you know I really loved on Saturday when I laid

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Speaker 1: in the grass. We're just so different and it's my

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Speaker 1: favorite thing ever. But according to self determination theory, goals

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Speaker 1: reflect our intrinsic and our extrinsic motivation. So I touched

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Speaker 1: on this a little bit earlier. But extrinsic goals are

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Speaker 1: things that other people expect from us, For example, working

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Speaker 1: hard at your job, not because you're passionate about the work,

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Speaker 1: but because you need the money or you want a

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Speaker 1: high status job to impress other people. It's kind of like,

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Speaker 1: I see extrinsic as things on the outside, and they're

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Speaker 1: usually the shiny indicators of wealth. Yeah, they're things that

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Speaker 1: you know, you see someone driving past in a ferrari

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Speaker 1: and they're like, I'm a big dog. Like anytime you

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Speaker 1: see someone drive past in a ferrari and their windows

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Speaker 1: are down and their music is playing, like they need

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Speaker 1: you to notice them. They need you, like you need

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Speaker 1: to stroke their little egos because they can't survive without that.

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Speaker 1: That's them searching for extrinsic validation, whereas an intrinsic goal,

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Speaker 1: on the other hand Beck, they're the ones that we

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Speaker 1: have strong internal motivations to pursue. So they're the things

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Speaker 1: that just make us feel good. We don't care what

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Speaker 1: other people think of them. We don't necessarily care how

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Speaker 1: you know they're perceived. You might do them in private,

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Speaker 1: you might go sit in the grass on your own, Beck.

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Speaker 1: It's not something that you have to post on Instagram

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Speaker 1: to get validation from. It's actually really important to also

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Speaker 1: understand yourself because neither of those things are bad. So

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Speaker 1: as much as I gave the Ferrari driver as an

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Speaker 1: example for an extrinsic goal, that's just so that you

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Speaker 1: can remember the difference. But I can be extrinsically motivated

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Speaker 1: as well. Like I knew I really wanted to buy

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Speaker 1: my first house. I just thought that's a really solid

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Speaker 1: indicator that I am successful, like to me, to my peers,

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Speaker 1: to you know, our community, like I'm doing what I

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Speaker 1: said I was going to do. And we need to

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Speaker 1: understand about ourselves whether you're intrinsically or extrinsically motivate. You

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Speaker 1: can be both, Like you don't have to have one

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Speaker 1: or the other, but we need to understand the difference.

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Speaker 1: But that doesn't mean that you should feel guilty if

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Speaker 1: you want to spend money on something that's important to you, right,

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Speaker 1: So like it's not you know, the ego stroking of

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Speaker 1: having a Ferrari. I think it's really important to understand

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Speaker 1: that if that's what's important to you, get it, queen, Like,

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Speaker 1: go and get it and look after yourself. I think

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Speaker 1: guilt starts to creep in and you really feel you

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Speaker 1: shouldn't be spending money on something or spending money on

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Speaker 1: yourself at all, and that guilt actually really feeds into

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Speaker 1: scarcity mindset instead of really promoting an abundance mindset, which

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Speaker 1: is where we want to all be, Like why do

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Speaker 1: we feel guilty? We always feel guilty, right, and we

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Speaker 1: talk about it on the pod all the time, back

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Speaker 1: our money story that we have inherited or we've developed

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Speaker 1: over time. But when you feel guilt, it's when our

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Speaker 1: actions create a discrepancy with our story or our money story,

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Speaker 1: and this can actually trigger the emotion of guilt because

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Speaker 1: they're not lining up, which is why many people interpret

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Speaker 1: it as an indicator of like doing the wrong thing. Beck,

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Speaker 1: Let's use you as a really good example. Like, scarcity

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Speaker 1: was definitely a mindset that you grew up with like

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Speaker 1: you just didn't have enough, Like at the end of

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Speaker 1: the day, it was challenging. Your world was filled with love,

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Speaker 1: that's great, but also when it came to money and spending,

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Speaker 1: it was always something that you were like, we have

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Speaker 1: to be so careful with this. We might not have

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Speaker 1: enough until the end of the week, we might not

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Speaker 1: have enough until the end of the month. If you

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Speaker 1: haven't dealt with that, going and buying your fitbit could

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Speaker 1: have made you feel so guilty because you're like, oh

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Speaker 1: my god, that's like a nearly three hundred dollars purchase,

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Speaker 1: or so I shouldn't be doing this, like because what

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Speaker 1: if I don't have enough money left? But in reality,

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Speaker 1: your circumstances are so different to what you've grown up with,

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Speaker 1: and if we haven't addressed that difference between where your

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Speaker 1: money story was developed and what your reality is today,

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Speaker 1: you're going to hold on to those scarcity mindset tools

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Speaker 1: that didn't provide you any value in the first place,

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Speaker 1: but also stop you from thriving into the future. You

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Speaker 1: love your feitbit like you're obsessed with it. I am,

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Speaker 1: and I would say that that's a great purchase for you,

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Speaker 1: But if you hadn't come to the realization that no,

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Speaker 1: that's okay, I'm different now I've changed. These are my

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Speaker 1: money values, and this is aligned to what I want

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Speaker 1: to achieve. That's a fine purchase, but it could have

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Speaker 1: sent you into a bit of a spiral of thing like,

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Speaker 1: oh my gosh, I can't believe I did this, Like

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Speaker 1: my mom never could have done this, Like I shouldn't

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Speaker 1: do it. Then, like you just get into a different

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Speaker 1: mind frame and that can be really toxic.

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Speaker 4: That's so true. Actually I did have a little spiral.

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Speaker 4: So I'm glad that you're saying. That makes me feel

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Speaker 4: a lot better. But now let's go to a really

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Speaker 4: quick break so we can get to the bit we've

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Speaker 4: all been waiting for. So we did put a call

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Speaker 4: out to our beautiful community to hear about all the

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Speaker 4: things that have brought you happiness. And you've spent some big.

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Speaker 1: We know what you spend your purchases. Well, so don't

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Speaker 1: go anywhere, guys.

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Speaker 4: Welcome back, guys. We're talking about spending our money on

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Speaker 4: things that bring us joy. On today's show, So, V

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Speaker 4: what's an expensive purchase that has brought you joy?

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Speaker 1: Okay, Well, I didn't know this was going to be

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Speaker 1: like the tables have turned and it will come back

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Speaker 1: on me. I feel like I have bought a few

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Speaker 1: things that bring me joy. In saying that, I often

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Speaker 1: feel like when I talk about expensive things, I have

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Speaker 1: to like foreshadow it with like I am in a

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Speaker 1: privileged position. I this that the other to justify my purchase,

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Speaker 1: and that's actually a toxic trait of mine because I

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Speaker 1: shouldn't have to justify my purchases back, Like, at the

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Speaker 1: end of the day, I am a woman who did

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Speaker 1: not come from wealth, who has created her own wealth,

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Speaker 1: who works incredibly hard to make the money that I make,

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Speaker 1: and I make some really bloody good financial decisions around

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Speaker 1: you know, my entire life. But I would say one

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Speaker 1: of my biggest purchases was a watch, and it was

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Speaker 1: a bit of a designer watch and it costs a

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Speaker 1: lot of money, and every time I look at it,

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Speaker 1: I'm like, yeah, you did, Like you deserve that, Like

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Speaker 1: it's one of those things that you know, people have

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Speaker 1: conventioned on my Instagram. They're like, oh, where's your watch

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Speaker 1: from because they might see the band or something, and

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Speaker 1: I just don't reply because I feel so awkward about it.

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Speaker 1: But at the end of the day. We shouldn't be

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Speaker 1: down playing our successes or the things that spark joy.

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Speaker 1: We should be celebrating them. Because Beck, if I said,

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Speaker 1: do you want to buy a watch to the same amount,

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Speaker 1: you'd be like, no, what a waste, that's ugly watch.

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Speaker 1: And that's cool because we're all different, right right, Beck,

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Speaker 1: what's your big purchase?

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Speaker 4: Okay, So, as I mentioned before, my fitbit, but I

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Speaker 4: would like even go lower. And I'm gonna say that honestly,

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Speaker 4: just buying myself a coffee every single day that.

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Speaker 1: Does treat yourself.

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Speaker 4: Yeah, and I can't always afford it. There have been

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Speaker 4: times where I've been actually downstairs at the coffee shop

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Speaker 4: and I've seen a colleague. I've ordered my coffee and

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Speaker 4: then been like, hey, can I borrow your card? I

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Speaker 4: will pay you when my pay comes in tonight. And

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Speaker 4: if you're listening to this, you know who you are.

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Speaker 4: I've done to them a few times. So that for me,

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Speaker 4: certain parts of the month, certain parts of the year,

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Speaker 4: that is such an expensive purchase, but it brings me

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Speaker 4: so much joy. I don't need it, but it's like

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Speaker 4: such a wholesome thing.

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Speaker 1: Before we move on, I actually have another question, which

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Speaker 1: is a complete segue. I know you talk so openly

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Speaker 1: about being like v I'm so bad at money, and

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Speaker 1: I want to sit you down and shake you sometimes

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Speaker 1: because I know what your income is and I know

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Speaker 1: that you could afford that if you had budgeted better.

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Speaker 1: Like I'm always like Beck, I know where you sit

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Speaker 1: with this, I know what you get paid, and this

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Speaker 1: should not be your reality. But you're Likeolve, I'm just

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Speaker 1: living my best life and you know what, I'm not

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Speaker 1: going to interrupt that there. But when it comes to

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Speaker 1: other people spending money, so we're going to talk about

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Speaker 1: some pretty big numbers like six figure plus that people

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Speaker 1: are spending on things that spark joy for them as

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Speaker 1: somebody who right now could not make that purchase. How

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Speaker 1: do you feel when someone goes, I spent one hundred

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Speaker 1: thousand dollars on my wedding.

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Speaker 4: It doesn't shake me. I kind of think because my

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Speaker 4: values are different. I'm like, oh, if I had that

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Speaker 4: kind of money, I would not be spending it on

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Speaker 4: a wedding or if I was getting married. If that's

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Speaker 4: something that happened down the track, I probably try to

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Speaker 4: spend as much like it just feels like these big

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Speaker 4: purchases because sometimes it's not my personal goal. I'm like, oh,

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Speaker 4: I'm happy for you, but I don't see myself doing that.

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Speaker 4: But I'm always happy for them. I don't ever feel like, oh,

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Speaker 4: that's so unfair. Yeah, totally. And I think maybe I

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Speaker 4: used to be like that, but now I'm in a

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Speaker 4: place where I like, you're exactly right. Like if I

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Speaker 4: had probably budgeted better, I wouldn't be so broke all

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Speaker 4: the time. And so that's on me, and it's the

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Speaker 4: way I want to live, and that's it. But so

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Speaker 4: I never feel bad about it or jealous.

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Speaker 1: What if it's something that is in line with your values.

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Speaker 1: What if it's like a big purchase that you've always

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Speaker 1: wanted to purchase. What if it was like a close

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Speaker 1: friend purchasing something that you're a bit envy yourself. How

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Speaker 1: does that change the sitch?

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Speaker 4: I think sometimes I get a little pang in my

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Speaker 4: belly where I'm like, I probably could be where you

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Speaker 4: are if I had done x YZ. But then again,

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Speaker 4: if I had done X y Z, I would have

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Speaker 4: sacrificed the things that made me very happy in that moment,

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Speaker 4: you know what.

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Speaker 1: I feel like, that's a good conversation to have and

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Speaker 1: it kind of prefaces it. I agree in a way

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Speaker 1: that you know, a lot of people can't preface it right,

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Speaker 1: Like I can't be like, oh, you shouldn't be envious,

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Speaker 1: but at the end of the day, a lot of

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Speaker 1: people will be like the that's because you can't afford

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Speaker 1: a coffee at all, and like, again, checking my privilege.

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Speaker 1: That is a privilege, but also I have worked my

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Speaker 1: butt off to be in the situation that I'm in.

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Speaker 1: That does not mean, though that people who have lower

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Speaker 1: incomes aren't working just as hard as me. Like sometimes

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Speaker 1: you have so many things that just push you back,

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Speaker 1: and getting ahead feels absolutely relentless, Like it feels like

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Speaker 1: you just can't get ahead no matter how many times

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Speaker 1: you put forward. I think that that's another, you know,

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Speaker 1: check of privilege. The amount of time people are like, yeah,

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Speaker 1: but I work eighty hours a week. I'm like, have

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Speaker 1: you met a single mother? Like that's not equating for me.

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Speaker 1: But I think it's a good like check in before

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Speaker 1: we jump into it.

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Speaker 4: That's a really really good point because there probably are

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Speaker 4: people listening out there that are like, hey, I work

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Speaker 4: hard to I'm you all work hard, absolutelysolutely, But I

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Speaker 4: don't know speaking of money and purchases and things like that.

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Speaker 4: It's time for the bit we've all been waiting for.

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Speaker 4: And we did ask the community about Speno purchases. Some

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Speaker 4: of these might be unrelatable, some of these might be relatable.

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Speaker 1: That's okay, we're just talking about that totally.

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Speaker 4: And they've genuinely bought you joy so v what did

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Speaker 4: they have to say?

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Speaker 1: All right? So if this brings anything up in you

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Speaker 1: and you're like, oh, I'm so envos, let's reframe it too.

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Speaker 1: I'm so proud that somebody else has achieved that because

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Speaker 1: they're paving the way for me to also be able

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Speaker 1: to do the same thing. And women are cool. So

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Speaker 1: first things first Lydia sched she said, I spent and

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Speaker 1: I don't feel bad about this at all, one hundred

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Speaker 1: and forty thousand dollars on my dream wedding.

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Speaker 4: Fair enough.

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Speaker 1: I love that go off. That's so much money, that's

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Speaker 1: a lot of my event.

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Speaker 4: Good for you, Lyddy, and I get it that the

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Speaker 4: day was just as perfect as you imagined.

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Speaker 1: I'm assuming that it was because she said it was

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Speaker 1: her dream wedding.

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Speaker 4: That's so true.

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Speaker 1: I love it, all right. So there were lots of

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Speaker 1: comments on this thread. I'm not going to read all

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Speaker 1: of your names, but this, Beck is something that I

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Speaker 1: relate to. Lots of people said, I spent one thousand

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Speaker 1: dollars on a VIP ticket to Taylor's with.

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Speaker 4: I don't blame you, guys. Honestly, it's an experience I know, and.

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Speaker 1: I loved it every second of it. I have absolutely

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Speaker 1: no regrets. But I also go, you're right, that is

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Speaker 1: a lot of privilege. But also, Beck, would you ever

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Speaker 1: spend one thousand dollars on a ticket to a concert?

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Speaker 4: I can't see it. Maybe Missy Higgins secret fan.

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Speaker 1: I love Missy Higgins. Oh she's so good. All right,

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Speaker 1: so Monica, She said, I bought a really expensive car,

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Speaker 1: and I regret nothing. It's not so good, Like I

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Speaker 1: feel like sometimes people buy expensive cars and then they

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Speaker 1: have massive regrets. They're like, I wish I didn't do this.

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Speaker 1: I hadn't really done my maths. But if you've done

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Speaker 1: your maths, or you've saved up for it, or have

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Speaker 1: you worked out how it fits into your value system

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Speaker 1: and your budget, like get it, queen totally. In fact,

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Speaker 1: side note, Beck, my friend actually recently was talking to

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Speaker 1: me about budgeting because I feel like that's all we

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Speaker 1: talk about when we go out for breakfast. And she

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Speaker 1: was like, I'm about to buy Alexis. And I remember

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Speaker 1: being like, are you sure, Because, like any purchase that

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Speaker 1: my friends are going to make, it's a bit bigger.

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Speaker 1: I'm always like, do you really want to think about

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Speaker 1: that first? And she was like, you're going to be

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Speaker 1: very impressed with this. It's actually about the same price

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Speaker 1: as a brand new Toyota. Like it's not as ridiculous

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Speaker 1: as you're thinking it is, Like it's far more affordable

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Speaker 1: than you think it's going to be. And honestly, I

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Speaker 1: was about to be like baby making a grave mistake,

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Speaker 1: and then she showed me and I was like, that's

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Speaker 1: actually slave.

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Speaker 5: Yes.

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Speaker 4: I was going to say, actually, I probably don't look

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Speaker 4: like the type, but it is on my bucket list

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Speaker 4: to buy a luxury car.

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Speaker 1: So you want a fancy boy car, do you?

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Speaker 4: I just want to, like, you know, just.

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Speaker 1: Try to get around in Alexis. I can connect you

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Speaker 1: with my friend, she can show you hers, and you

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Speaker 1: can like formulate a plan.

434
00:19:53,920 --> 00:19:55,520
Speaker 4: Yeah, I just want to sit in it.

435
00:19:55,680 --> 00:19:57,840
Speaker 1: Yeah all right, Well maybe we'll call her and we'll

436
00:19:57,840 --> 00:20:01,720
Speaker 1: both sit Yeah, okay, all right, said I spend thousands

437
00:20:01,760 --> 00:20:03,240
Speaker 1: of dollars on indigenous art.

438
00:20:03,520 --> 00:20:03,760
Speaker 2: Yeah.

439
00:20:03,880 --> 00:20:06,240
Speaker 4: Nice, I can imagine that in very very very Dreyful's

440
00:20:06,240 --> 00:20:08,919
Speaker 4: fucking joy too. Yes, and that's something that brightens up

441
00:20:08,960 --> 00:20:11,199
Speaker 4: the environment. I love art. I think that I've always

442
00:20:11,240 --> 00:20:13,760
Speaker 4: backed expensive bits of art adore.

443
00:20:14,240 --> 00:20:15,800
Speaker 1: Lots of people said this, and I'm not going to

444
00:20:15,880 --> 00:20:17,960
Speaker 1: name names because there were so many of you that

445
00:20:18,040 --> 00:20:21,439
Speaker 1: said I actually always spend my money on travel and

446
00:20:21,560 --> 00:20:24,920
Speaker 1: all business class flights, and I was like, I totally

447
00:20:24,920 --> 00:20:27,120
Speaker 1: get it. After my team and I went last year

448
00:20:27,160 --> 00:20:29,960
Speaker 1: back to the US and we got to fly business

449
00:20:30,000 --> 00:20:32,080
Speaker 1: class because we like points hacked our way there, I

450
00:20:32,119 --> 00:20:34,439
Speaker 1: was like, this is why people fly business class. I

451
00:20:34,520 --> 00:20:38,840
Speaker 1: get it. My entire travel experience has been ruined. Was

452
00:20:38,960 --> 00:20:39,720
Speaker 1: very very sad.

453
00:20:39,880 --> 00:20:42,000
Speaker 4: Oh no, no, you can never go back. Yeah you

454
00:20:42,119 --> 00:20:42,359
Speaker 4: have to.

455
00:20:42,760 --> 00:20:47,000
Speaker 1: Yeah, I know, so painful. All right, Sarah said, I

456
00:20:47,080 --> 00:20:49,240
Speaker 1: spent more than ten thousand dollars on my braces.

457
00:20:49,400 --> 00:20:50,720
Speaker 4: Yeah, okay, I can back that.

458
00:20:50,920 --> 00:20:53,760
Speaker 1: I know Jess Goarrici, who's also on the show on Fridays.

459
00:20:54,000 --> 00:20:56,880
Speaker 1: You guys know her. She's just finished her in VISALIGNE journey,

460
00:20:57,119 --> 00:20:59,199
Speaker 1: and I know she doesn't regret one cent of that.

461
00:20:59,359 --> 00:21:02,359
Speaker 1: She's just like, my teeth are sleigh. H It brings

462
00:21:02,400 --> 00:21:05,120
Speaker 1: so much confidence. And if that's something that you want

463
00:21:05,160 --> 00:21:08,000
Speaker 1: more confidence in, get it, Queen, go for it. Next

464
00:21:08,000 --> 00:21:11,960
Speaker 1: one is Kate Beck and she said, I spend seven

465
00:21:12,040 --> 00:21:15,359
Speaker 1: hundred and twenty nine dollars on MFK perfume.

466
00:21:16,000 --> 00:21:18,200
Speaker 4: I hope it's the biggest bottle to ever exist.

467
00:21:18,440 --> 00:21:20,760
Speaker 1: Yeah. I think that's like a two hundred meal bottle

468
00:21:20,800 --> 00:21:23,800
Speaker 1: of perfume. And it's probably very telling that I know

469
00:21:23,880 --> 00:21:27,639
Speaker 1: exactly what she's talking about. So MFK is Mason Francis Kurdisjean,

470
00:21:28,280 --> 00:21:30,480
Speaker 1: and it is a very boogie brand you can buy

471
00:21:30,600 --> 00:21:34,399
Speaker 1: at Mecca. In fact, my favorite perfume is from Mason

472
00:21:34,440 --> 00:21:38,000
Speaker 1: Francis Kurdishan and it is the Rose one, which I

473
00:21:38,040 --> 00:21:42,000
Speaker 1: get lots of compliments on. But holy Moley, don't listen

474
00:21:42,040 --> 00:21:44,240
Speaker 1: to this part if you're working for Mecca. One of

475
00:21:44,240 --> 00:21:46,320
Speaker 1: my friends works there and got me a discount, So sligh,

476
00:21:46,760 --> 00:21:50,520
Speaker 1: but that's expensive, but I get it. It's so beautiful.

477
00:21:51,320 --> 00:21:52,760
Speaker 1: So expensive though, Beck.

478
00:21:52,800 --> 00:21:54,840
Speaker 4: Yeah, have you worn it in the studio before? Because

479
00:21:54,880 --> 00:21:56,480
Speaker 4: I don't know that I've smelt it.

480
00:21:56,560 --> 00:22:00,600
Speaker 1: Also, she's never even noticed I'm so sorry. Actually, Beck,

481
00:22:00,640 --> 00:22:01,600
Speaker 1: I wear it every day.

482
00:22:01,880 --> 00:22:05,320
Speaker 4: Oh really, you do not wear eight hundred dollars perfume

483
00:22:05,359 --> 00:22:08,400
Speaker 4: every day? See I do.

484
00:22:08,640 --> 00:22:11,600
Speaker 1: Straight under the bus. You know what I'm just gonna do. Beck,

485
00:22:11,760 --> 00:22:14,280
Speaker 1: I decided I'm just gonna trot on down to chemist

486
00:22:14,280 --> 00:22:16,920
Speaker 1: sweare house. I'm going to pick up I don't know, Sarah,

487
00:22:16,960 --> 00:22:21,159
Speaker 1: Jessica Parker, whatever is on sale, Britney Spears hat, like

488
00:22:21,320 --> 00:22:24,439
Speaker 1: anything that's on sale. I'm gonna throw my MFK in

489
00:22:24,520 --> 00:22:28,040
Speaker 1: the bin because other people have appreciated it. If Beck doesn't,

490
00:22:28,080 --> 00:22:28,520
Speaker 1: I'm out.

491
00:22:28,760 --> 00:22:31,080
Speaker 4: I wear a Larbo every day. I want you you wear.

492
00:22:30,920 --> 00:22:33,800
Speaker 1: A lab hold on. This is a pot calling the

493
00:22:33,880 --> 00:22:34,560
Speaker 1: kettle black.

494
00:22:34,600 --> 00:22:35,760
Speaker 4: It was a gift I want to send.

495
00:22:37,400 --> 00:22:39,679
Speaker 1: Was a gift for those playing along at home who

496
00:22:39,760 --> 00:22:41,320
Speaker 1: have no idea what perfume costs.

497
00:22:41,320 --> 00:22:44,639
Speaker 4: What's the Larbo costs? I do want to say was

498
00:22:45,160 --> 00:22:46,600
Speaker 4: a present. It was like three hundred bucks.

499
00:22:46,600 --> 00:22:49,400
Speaker 1: So but I didn't three hundred dollars bottle of perfume.

500
00:22:49,400 --> 00:22:50,360
Speaker 1: And you're telling me.

501
00:22:51,040 --> 00:22:52,959
Speaker 4: Anyway, we will move on for the last year, We're

502
00:22:52,960 --> 00:22:53,800
Speaker 4: gonna fight off air.

503
00:22:54,119 --> 00:22:56,400
Speaker 1: Yeah, off air. And also I feel like we've aired

504
00:22:56,440 --> 00:23:00,960
Speaker 1: some dirty laundry on air that's kind of unrelatable, Like true, Yeah,

505
00:23:01,000 --> 00:23:03,520
Speaker 1: as I said, I did get a discount on this

506
00:23:03,600 --> 00:23:06,399
Speaker 1: perfume and would never have purchased at full price because

507
00:23:06,720 --> 00:23:09,040
Speaker 1: it just pains me. But Beck, lots of people had

508
00:23:09,080 --> 00:23:10,920
Speaker 1: lots of things. There were lots of comments along the

509
00:23:11,000 --> 00:23:13,240
Speaker 1: same lines as yours. Lots of people like I will

510
00:23:13,280 --> 00:23:15,639
Speaker 1: spend literally one hundred dollars a week on coffee and

511
00:23:15,680 --> 00:23:19,920
Speaker 1: I don't care. And I just think there's something so liberating, Beck,

512
00:23:20,280 --> 00:23:23,359
Speaker 1: when you're aware of your spending. So we're not saying

513
00:23:23,440 --> 00:23:26,520
Speaker 1: don't spend. We're saying, spend on the things that spark joy.

514
00:23:26,680 --> 00:23:29,960
Speaker 1: Spend on the things that bring you genuine happiness into

515
00:23:30,040 --> 00:23:32,879
Speaker 1: your life. Because if you need to have that coffee

516
00:23:32,880 --> 00:23:36,160
Speaker 1: every day, back get a queen. I mean, if you're broke,

517
00:23:36,240 --> 00:23:39,960
Speaker 1: we should be talking about budgeting, yes, because ultimately, I

518
00:23:40,000 --> 00:23:42,200
Speaker 1: want everyone to have a really solid cash flow plan.

519
00:23:42,480 --> 00:23:44,280
Speaker 1: I want everyone to know what's coming into their bank

520
00:23:44,280 --> 00:23:46,159
Speaker 1: accounts and what's going out of their bank accounts. And

521
00:23:46,160 --> 00:23:48,480
Speaker 1: I want all of you to one day be in

522
00:23:48,520 --> 00:23:50,840
Speaker 1: the position where you have an emergency fund so you

523
00:23:50,880 --> 00:23:53,240
Speaker 1: can get out of any situation. You don't need to

524
00:23:53,240 --> 00:23:56,560
Speaker 1: rely on anybody else financially right, That is my wish

525
00:23:56,600 --> 00:23:59,840
Speaker 1: for everybody in the community. However, I also think we

526
00:23:59,840 --> 00:24:02,240
Speaker 1: need to overlay the fact that life is short and

527
00:24:02,359 --> 00:24:04,600
Speaker 1: old age is a privilege that is denied to many,

528
00:24:05,000 --> 00:24:07,160
Speaker 1: and we should be enjoying the journey as well as

529
00:24:07,200 --> 00:24:10,440
Speaker 1: the destination. Like I don't know, beautifully you want, you

530
00:24:10,480 --> 00:24:13,000
Speaker 1: want your coffee, babe, You're gonna get your coffee. Also,

531
00:24:13,040 --> 00:24:14,600
Speaker 1: if you can't afford your coffee, can you just ask

532
00:24:14,640 --> 00:24:16,080
Speaker 1: me or buy it, because I don't want you to

533
00:24:16,119 --> 00:24:17,080
Speaker 1: have to owe people.

534
00:24:16,920 --> 00:24:20,440
Speaker 4: Stuff qv you're gonna regret that though.

535
00:24:20,560 --> 00:24:23,399
Speaker 1: Yeah, I know I am already buy a coffee most days, guys.

536
00:24:24,480 --> 00:24:27,879
Speaker 1: Side note from all of this, what is expensive is

537
00:24:27,920 --> 00:24:30,520
Speaker 1: going to be really relative to everybody. And there were

538
00:24:30,560 --> 00:24:33,360
Speaker 1: things on that list of I guess spending that were

539
00:24:33,440 --> 00:24:36,240
Speaker 1: really practical, so one person said they had that laser

540
00:24:36,359 --> 00:24:38,800
Speaker 1: eye surgery. But there were also some things that some

541
00:24:38,840 --> 00:24:42,080
Speaker 1: people would really consider as being frivolous, Like some people said,

542
00:24:42,119 --> 00:24:44,560
Speaker 1: I don't regret my Schnell double flat handbag, or I

543
00:24:44,560 --> 00:24:48,120
Speaker 1: don't regret buying some Gucci slides, and I totally get it.

544
00:24:48,119 --> 00:24:52,000
Speaker 1: It's very different, Like everybody has their values, but Ultimately,

545
00:24:52,119 --> 00:24:55,000
Speaker 1: it's up to you, and you need to decide what

546
00:24:55,240 --> 00:24:59,159
Speaker 1: is expensive to you and more importantly, what expenses you

547
00:24:59,240 --> 00:25:02,320
Speaker 1: feel like action really worth it. And once you've done that,

548
00:25:02,520 --> 00:25:05,439
Speaker 1: then you can begin to work past the mindset that

549
00:25:05,440 --> 00:25:07,760
Speaker 1: you're not allowed to treat yourself like. I think we

550
00:25:07,840 --> 00:25:11,400
Speaker 1: need to just understand that for one person, expensive might

551
00:25:11,480 --> 00:25:14,440
Speaker 1: mean ten dollars, and for another person it might mean

552
00:25:14,480 --> 00:25:17,200
Speaker 1: ten thousand dollars, but that doesn't mean that one's worse

553
00:25:17,280 --> 00:25:19,800
Speaker 1: or better, or different or less like. We just need

554
00:25:19,840 --> 00:25:23,240
Speaker 1: to understand our own values back and stick to them

555
00:25:23,280 --> 00:25:26,080
Speaker 1: and not compare them to somebody else's. Because if one

556
00:25:26,119 --> 00:25:28,600
Speaker 1: of your friends is buying a ten thousand dollar handbag,

557
00:25:28,800 --> 00:25:30,640
Speaker 1: that does not mean you need to buy a ten

558
00:25:30,680 --> 00:25:33,560
Speaker 1: thousand dollar handbag. It means you go great, I'm so

559
00:25:33,600 --> 00:25:36,400
Speaker 1: glad that they've budgeted and saved and worked out how

560
00:25:36,440 --> 00:25:38,680
Speaker 1: to purchase something that's so in line with their values.

561
00:25:38,800 --> 00:25:41,119
Speaker 4: Yeap, completely great. We love that for them, Yeah, we

562
00:25:41,160 --> 00:25:44,240
Speaker 4: do love that for them. Be any final thoughts on

563
00:25:44,240 --> 00:25:46,840
Speaker 4: how we can better manage our mindset around money and

564
00:25:47,080 --> 00:25:48,199
Speaker 4: in motion in general.

565
00:25:48,440 --> 00:25:50,760
Speaker 1: I feel like, first things first, comparison is a thief

566
00:25:50,760 --> 00:25:53,240
Speaker 1: of joy and we should not be comparing ourselves to others.

567
00:25:53,480 --> 00:25:55,199
Speaker 1: I get it. We're still going to do it like

568
00:25:55,440 --> 00:25:57,760
Speaker 1: everybody does it. We just need to be way more

569
00:25:57,760 --> 00:26:00,159
Speaker 1: in check with it and what it means. I've said

570
00:26:00,160 --> 00:26:01,960
Speaker 1: this before and I'll say it again. Put twenty four

571
00:26:01,960 --> 00:26:05,800
Speaker 1: hours between you and your spending. Don't make impulse purchases.

572
00:26:05,920 --> 00:26:08,960
Speaker 1: I promise it will be available tomorrow. And if there's

573
00:26:08,960 --> 00:26:13,000
Speaker 1: a sale and you're so worried about running out, let's

574
00:26:13,040 --> 00:26:15,600
Speaker 1: have a think about why you wouldn't purchase at full price.

575
00:26:15,880 --> 00:26:17,800
Speaker 4: Oof, that's a great question.

576
00:26:18,040 --> 00:26:20,600
Speaker 1: Why wouldn't you purchase at full price? Where's this sense

577
00:26:20,640 --> 00:26:23,199
Speaker 1: of urgency coming from? Because you're going to save fifty bucks? Like,

578
00:26:23,240 --> 00:26:25,639
Speaker 1: don't get me wrong, saving fifty dollars on an item

579
00:26:25,640 --> 00:26:28,439
Speaker 1: that you were already going to buy money win, yes,

580
00:26:28,520 --> 00:26:30,080
Speaker 1: but like, why is the call to action that you

581
00:26:30,080 --> 00:26:30,840
Speaker 1: want that item now?

582
00:26:30,880 --> 00:26:33,720
Speaker 4: It's quote cheaper, mind blowing thee.

583
00:26:33,480 --> 00:26:36,159
Speaker 1: Why you want it? Next is set a budget so

584
00:26:36,240 --> 00:26:39,719
Speaker 1: that you know you're covering the fundamentals and allow yourself

585
00:26:39,800 --> 00:26:43,240
Speaker 1: to treat money in that or preferably set savings aside

586
00:26:43,320 --> 00:26:46,240
Speaker 1: for bigger purchases. So this is something that I'm going

587
00:26:46,280 --> 00:26:48,240
Speaker 1: to sit down with you Beck and be like, all right, well,

588
00:26:48,280 --> 00:26:49,840
Speaker 1: you can have a Fitbit. That's fine. I know you

589
00:26:49,880 --> 00:26:51,840
Speaker 1: went out and purchased it, but it can't come at

590
00:26:51,840 --> 00:26:54,399
Speaker 1: the cost of your financial wellbeing. Can't come at the

591
00:26:54,440 --> 00:26:57,680
Speaker 1: cost of you putting yourself behind. So let's just make

592
00:26:57,720 --> 00:27:00,240
Speaker 1: sure that we are planning things because I I'm not

593
00:27:00,240 --> 00:27:03,160
Speaker 1: saying not now, but it might mean not right now.

594
00:27:03,320 --> 00:27:05,040
Speaker 1: Can we buy it in another week? Can we buy

595
00:27:05,080 --> 00:27:08,120
Speaker 1: it next pay cycle so that we are not behind?

596
00:27:08,320 --> 00:27:11,000
Speaker 1: Like definitely about this treat yourself culture, because I think

597
00:27:11,040 --> 00:27:13,399
Speaker 1: we all deserve a little treaty treat I'm the queen

598
00:27:13,440 --> 00:27:15,959
Speaker 1: at that, but I want to make sure that you

599
00:27:16,160 --> 00:27:20,479
Speaker 1: are firstly looked after future you is looked after, because

600
00:27:20,520 --> 00:27:23,119
Speaker 1: that's the person that matters the most. I promise an

601
00:27:23,160 --> 00:27:26,400
Speaker 1: impulse purchase is not going to make you happy long term.

602
00:27:26,440 --> 00:27:28,160
Speaker 4: It's just not completely aggrievy.

603
00:27:28,240 --> 00:27:29,720
Speaker 1: Like no one's gonna put on my grave had a

604
00:27:29,760 --> 00:27:33,160
Speaker 1: really great designer bad collection. They're not. And that's really

605
00:27:33,200 --> 00:27:36,800
Speaker 1: disappointing because it's probably what's worth the most, you.

606
00:27:36,760 --> 00:27:38,960
Speaker 4: Know, sure, and that's something you want people to know about.

607
00:27:39,200 --> 00:27:41,400
Speaker 4: I'll put it on there for you, V I think

608
00:27:41,400 --> 00:27:42,439
Speaker 4: it's a really good place to leave it.

609
00:27:42,480 --> 00:27:43,560
Speaker 5: Let's go get a little coffee.

610
00:27:43,600 --> 00:27:44,719
Speaker 4: Let's treat ourselves a little bit.

611
00:27:44,760 --> 00:27:45,080
Speaker 3: I love it.

612
00:27:45,240 --> 00:27:46,760
Speaker 1: Let's go ask my friend if we can sit in

613
00:27:46,760 --> 00:27:47,040
Speaker 1: our car.

614
00:27:47,160 --> 00:27:47,520
Speaker 4: Perfect.

615
00:27:47,560 --> 00:27:56,360
Speaker 1: Let's go see you next time, guys. Bye? Did buy

616
00:27:56,480 --> 00:27:57,359
Speaker 1: shared on cheese?

617
00:27:57,359 --> 00:27:59,880
Speaker 5: On the Money is generally nature and does not cons

618
00:28:00,119 --> 00:28:04,000
Speaker 5: to your individual circumstances. She's on the Money exists purely

619
00:28:04,040 --> 00:28:07,000
Speaker 5: for educational purposes and should not be relied upon to

620
00:28:07,000 --> 00:28:10,359
Speaker 5: make an investment or financial decision. If you do choose

621
00:28:10,359 --> 00:28:13,320
Speaker 5: to buy a financial product, read the PDS TMD and

622
00:28:13,400 --> 00:28:15,240
Speaker 5: obtain appropriate financial.

623
00:28:14,840 --> 00:28:16,639
Speaker 1: Advice tailored towards your needs.

624
00:28:17,000 --> 00:28:20,920
Speaker 5: Victoria Divine and She's on the Money are authorized representatives

625
00:28:20,960 --> 00:28:24,840
Speaker 5: of money Sherper Pty Ltd ABN three two one IS

626
00:28:24,880 --> 00:28:28,720
Speaker 5: six four nine two seven seven zero eight AFSL four

627
00:28:28,840 --> 00:28:32,760
Speaker 5: five one two eight nine