1 00:00:00,720 --> 00:00:13,880 Speaker 1: She's on the Money, She's on the Money. 2 00:00:18,800 --> 00:00:21,840 Speaker 2: Hello and welcome to She's on the Money, the podcast 3 00:00:21,840 --> 00:00:25,960 Speaker 2: for millennials who want financial freedom. Today we're talking about 4 00:00:26,040 --> 00:00:30,120 Speaker 2: bad financial habits and how to break them. So Victoria Divine, 5 00:00:30,280 --> 00:00:34,480 Speaker 2: our Melbourne based money wiz, in your opinion, what would 6 00:00:34,520 --> 00:00:37,640 Speaker 2: you say are the most common bad money habits? The 7 00:00:37,720 --> 00:00:40,880 Speaker 2: naughty money habits you hear about from your clients the most, 8 00:00:40,920 --> 00:00:42,880 Speaker 2: and in the shoes on the money community the most. 9 00:00:43,400 --> 00:00:45,519 Speaker 3: I don't believe that this comes as a surprise to 10 00:00:45,600 --> 00:00:48,320 Speaker 3: any of us. But spending too much money on food, 11 00:00:48,840 --> 00:00:51,920 Speaker 3: spending too much money on after pay zip pay every 12 00:00:52,000 --> 00:00:57,040 Speaker 3: other by now pay later option that exists, sporadic shopping sprees, 13 00:00:57,600 --> 00:01:00,520 Speaker 3: and not thinking about our future and just assuming we 14 00:01:00,560 --> 00:01:02,400 Speaker 3: can start later. I feel like there's a lot of 15 00:01:02,440 --> 00:01:06,000 Speaker 3: them in our group. Would say foods are very hot topic, 16 00:01:06,080 --> 00:01:08,920 Speaker 3: but maybe we won't focus on that today. Yeah, okay, 17 00:01:09,000 --> 00:01:10,679 Speaker 3: we've done some episodes on food before. 18 00:01:10,720 --> 00:01:12,360 Speaker 2: So that was back in season three and we had 19 00:01:12,360 --> 00:01:14,679 Speaker 2: the lovely Milli Padula Dietian with us. 20 00:01:14,959 --> 00:01:15,280 Speaker 1: We did. 21 00:01:15,720 --> 00:01:18,440 Speaker 2: Anyway, let's get into it. So the first habit I 22 00:01:18,520 --> 00:01:21,720 Speaker 2: want you to help us break down is mindless daily 23 00:01:21,880 --> 00:01:25,080 Speaker 2: spending so talk to me about why exactly this is 24 00:01:25,400 --> 00:01:27,839 Speaker 2: holding us back and how we can manage to break 25 00:01:27,840 --> 00:01:28,520 Speaker 2: that bad habit. 26 00:01:28,959 --> 00:01:30,720 Speaker 3: I feel like this is one that we're all really 27 00:01:30,720 --> 00:01:34,480 Speaker 3: good at. In fact, Georgie, I did it today. Yeah, 28 00:01:34,480 --> 00:01:36,120 Speaker 3: I bought a top, but that I didn't. 29 00:01:35,920 --> 00:01:37,319 Speaker 2: Need Victoria device. 30 00:01:37,720 --> 00:01:40,880 Speaker 3: It wasn't good. I've just did a good goal for 31 00:01:40,920 --> 00:01:43,039 Speaker 3: a venue. I decided to go on a little bit 32 00:01:43,080 --> 00:01:45,800 Speaker 3: of a wonder But that wander, especially given we work 33 00:01:45,800 --> 00:01:49,040 Speaker 3: in the CBD, happens to go straight through Melbourne Central 34 00:01:49,560 --> 00:01:51,840 Speaker 3: and they had a sale and like, oh, there was 35 00:01:51,880 --> 00:01:54,600 Speaker 3: a top that I really wanted. It's actually a money loss. 36 00:01:54,640 --> 00:01:56,640 Speaker 3: This is not meant to be a bantury episode, but 37 00:01:56,880 --> 00:02:02,760 Speaker 3: you get what you get. I no, no, no, it 38 00:02:02,800 --> 00:02:05,040 Speaker 3: was the color of your top, which is like an 39 00:02:05,040 --> 00:02:08,200 Speaker 3: oak aisy oat meal. It was beautiful, and I picked 40 00:02:08,240 --> 00:02:10,480 Speaker 3: up my regular size without trying it on and just 41 00:02:10,480 --> 00:02:13,640 Speaker 3: purchased it for a good twenty seven dollars fifty so like, 42 00:02:13,680 --> 00:02:17,120 Speaker 3: that's pretty good amount for a cheap top. And I 43 00:02:17,280 --> 00:02:19,280 Speaker 3: put it on before coming to the show and it 44 00:02:19,280 --> 00:02:20,639 Speaker 3: doesn't fit, So that's. 45 00:02:20,880 --> 00:02:21,239 Speaker 2: I'll love it. 46 00:02:21,360 --> 00:02:23,760 Speaker 3: That's what you get. So I think one of the 47 00:02:23,760 --> 00:02:25,640 Speaker 3: ways that we can actually have a look at this, 48 00:02:26,360 --> 00:02:28,760 Speaker 3: you know, maybe do as I say, not as I do. 49 00:02:29,000 --> 00:02:31,200 Speaker 3: But one of the ways of snapping out of this 50 00:02:31,360 --> 00:02:33,360 Speaker 3: is actually to just look at our spending on a 51 00:02:33,440 --> 00:02:36,880 Speaker 3: yearly scale rather than on daily because as I did today, 52 00:02:36,919 --> 00:02:39,359 Speaker 3: it was so easy to just pick up a top 53 00:02:39,440 --> 00:02:42,440 Speaker 3: that I really liked because I genuinely felt like, oh, 54 00:02:42,440 --> 00:02:44,839 Speaker 3: it's not that much and there's a further thirty percent off, 55 00:02:44,880 --> 00:02:48,520 Speaker 3: Like that was really easy for me to just accidentally. 56 00:02:48,200 --> 00:02:49,800 Speaker 2: Yeah, got sucked into the sale. 57 00:02:49,919 --> 00:02:52,440 Speaker 3: Yeah. But if you said to me, well, Victoria, actually 58 00:02:52,560 --> 00:02:56,080 Speaker 3: twenty seven dollars fifty a day course a year is 59 00:02:56,120 --> 00:02:59,160 Speaker 3: ten thousand dollars. If I did that every day, that's 60 00:02:59,200 --> 00:03:01,799 Speaker 3: a lot of money, correct, And I think that when 61 00:03:01,800 --> 00:03:04,440 Speaker 3: we look at things like lunch, right, ten dollars a 62 00:03:04,480 --> 00:03:07,440 Speaker 3: day for lunch does not feel like that much money, 63 00:03:07,960 --> 00:03:10,440 Speaker 3: but every day for a week, that's fifty bucks a 64 00:03:10,480 --> 00:03:13,360 Speaker 3: week or what is it, twenty six hundred dollars I 65 00:03:13,360 --> 00:03:15,200 Speaker 3: was about today, twenty six thousand a year, but it's 66 00:03:15,240 --> 00:03:18,280 Speaker 3: not being really dramatic lavish, but it's twenty six hundred 67 00:03:18,320 --> 00:03:20,720 Speaker 3: dollars a year, and that's a lot of money as well. 68 00:03:21,360 --> 00:03:23,520 Speaker 3: And I think that you can start making that calculation 69 00:03:23,639 --> 00:03:26,680 Speaker 3: a whole heat bigger when you add in not just lunch, 70 00:03:26,720 --> 00:03:28,760 Speaker 3: but you add in the drinks that you have and 71 00:03:28,800 --> 00:03:31,880 Speaker 3: the additional stuff you're spending on uber eats, and it 72 00:03:32,040 --> 00:03:33,880 Speaker 3: just starts to blow up and it ends up being 73 00:03:34,639 --> 00:03:37,360 Speaker 3: maybe what you'd spend on a family holiday for four Yeah. 74 00:03:37,640 --> 00:03:41,360 Speaker 3: Sorry not to be dramatic, because of course I'm not dramatic, 75 00:03:41,760 --> 00:03:44,119 Speaker 3: but I think it's really important to see that from 76 00:03:44,160 --> 00:03:46,440 Speaker 3: little things big things to grow, and that is my 77 00:03:46,560 --> 00:03:49,960 Speaker 3: ongoing theme of I would say this year. But of 78 00:03:50,000 --> 00:03:52,320 Speaker 3: course I think it's also a really important to understand 79 00:03:52,320 --> 00:03:54,360 Speaker 3: that we want to also enjoy our lives and not 80 00:03:54,400 --> 00:03:57,560 Speaker 3: be frugal to the point of joylessness, but also think 81 00:03:57,560 --> 00:04:00,200 Speaker 3: about our spending on a really large level, on a 82 00:04:00,240 --> 00:04:02,839 Speaker 3: yearly level, or how that actually adds up for you, 83 00:04:02,920 --> 00:04:06,760 Speaker 3: because I think if you're considering purchasing something, we actually 84 00:04:06,800 --> 00:04:08,840 Speaker 3: often just don't think about the bigger picture when we're 85 00:04:08,880 --> 00:04:12,000 Speaker 3: doing that, and I certainly didn't today. And you know, 86 00:04:12,120 --> 00:04:13,880 Speaker 3: I think it's important for me to share stuff like 87 00:04:13,880 --> 00:04:15,839 Speaker 3: that because I'm just as bad as everybody else. 88 00:04:15,920 --> 00:04:16,159 Speaker 2: Yeah. 89 00:04:17,240 --> 00:04:19,240 Speaker 3: Yeah, I'm just a gol who saw a cute top 90 00:04:19,320 --> 00:04:23,120 Speaker 3: and just really wanted the cute top that ultimately didn't fit. Yeah, 91 00:04:24,080 --> 00:04:26,240 Speaker 3: otherwise it would have been a delightful top. 92 00:04:26,360 --> 00:04:29,760 Speaker 2: Absolutely. I think we saw that as well a lot 93 00:04:29,880 --> 00:04:32,440 Speaker 2: last year with everyone working from home, and I know 94 00:04:32,480 --> 00:04:34,400 Speaker 2: a lot of people continue to work from home. We're 95 00:04:34,400 --> 00:04:36,279 Speaker 2: not buying our lunches, we're not going out for coffee 96 00:04:36,320 --> 00:04:38,320 Speaker 2: as much, so we really saw our savings build up. 97 00:04:38,520 --> 00:04:40,440 Speaker 2: So I think that's just a really clear way of 98 00:04:40,480 --> 00:04:45,320 Speaker 2: seeing how much taking away those luxurious little daily spendings 99 00:04:45,360 --> 00:04:47,160 Speaker 2: can kind of help us out exactly. 100 00:04:47,240 --> 00:04:50,280 Speaker 3: And we all know, Well, I can't say this for sure, 101 00:04:50,360 --> 00:04:52,680 Speaker 3: but I'm assuming you were eating lunch at home, right, 102 00:04:52,760 --> 00:04:55,479 Speaker 3: Like you were still eating at home and saving and 103 00:04:55,600 --> 00:04:57,880 Speaker 3: I would assume enjoying the food that you were eating 104 00:04:57,920 --> 00:05:01,400 Speaker 3: because you had an abundance of choice take that food 105 00:05:01,440 --> 00:05:03,960 Speaker 3: to work, and we are in the same financial position, 106 00:05:04,040 --> 00:05:07,320 Speaker 3: but probably our public transport tickets, etc. Yeah, but I 107 00:05:07,320 --> 00:05:09,520 Speaker 3: think it's a really important point, like you were making 108 00:05:09,600 --> 00:05:11,880 Speaker 3: lunch for yourself and you were taking it to work, 109 00:05:11,960 --> 00:05:15,120 Speaker 3: and that it's a financial habit that you could absolutely. 110 00:05:14,640 --> 00:05:17,640 Speaker 2: Start to look after yourself with stunning well said talk 111 00:05:17,680 --> 00:05:20,120 Speaker 2: to me about sporadic shopping spreeze so obviously you went 112 00:05:20,160 --> 00:05:21,480 Speaker 2: on a little one today. 113 00:05:21,520 --> 00:05:23,760 Speaker 3: Okay, I bought a top. I feel like a sporadic 114 00:05:23,839 --> 00:05:28,440 Speaker 3: shopping freeze. That's not what happened. Definitely overstated, but that's okay. 115 00:05:28,720 --> 00:05:31,279 Speaker 3: But essentially it's another habit that I think our generation 116 00:05:31,400 --> 00:05:33,239 Speaker 3: needs to break, and I see it in my friends, 117 00:05:33,279 --> 00:05:35,600 Speaker 3: I see it in people that are in our community. 118 00:05:35,640 --> 00:05:37,640 Speaker 3: It is not uncommon for people to go out and 119 00:05:37,680 --> 00:05:39,839 Speaker 3: be like, oh, I'll just buy a whole heap of stuff, 120 00:05:39,920 --> 00:05:41,799 Speaker 3: or I'll just buy one thing, and then that turns 121 00:05:41,839 --> 00:05:43,960 Speaker 3: into three. I think at the end of the day, 122 00:05:44,000 --> 00:05:46,560 Speaker 3: it's going to come back to advice I've given you before, 123 00:05:46,720 --> 00:05:49,360 Speaker 3: and that is put twenty four hours between you and 124 00:05:49,440 --> 00:05:52,480 Speaker 3: your purchases and make a wish list on your phone 125 00:05:52,520 --> 00:05:54,840 Speaker 3: and make sure that you're referring back to that. If 126 00:05:54,880 --> 00:05:56,680 Speaker 3: you want something, to take a photo of it and go, 127 00:05:56,760 --> 00:05:58,599 Speaker 3: you know what, if I want that again tomorrow, like, 128 00:05:58,760 --> 00:06:01,560 Speaker 3: I can come back. But often in the moment you'll 129 00:06:01,600 --> 00:06:03,200 Speaker 3: be like, yeah, the top was cute, but I actually 130 00:06:03,240 --> 00:06:05,680 Speaker 3: don't need it, and you can justify to yourself, but 131 00:06:05,760 --> 00:06:08,479 Speaker 3: in that moment, you're not saying no, You're just saying 132 00:06:08,560 --> 00:06:10,240 Speaker 3: I'm going to sit on this, and I think that's 133 00:06:10,279 --> 00:06:14,360 Speaker 3: a much easier thing to swallow than just being like, Nah, 134 00:06:14,440 --> 00:06:16,880 Speaker 3: can't have it, Nut, can't have it because that sucks. Yeah, 135 00:06:16,920 --> 00:06:19,440 Speaker 3: that's not a fun mentality to be in. That is 136 00:06:19,520 --> 00:06:22,919 Speaker 3: really limiting. But I think, Okay, I really really like 137 00:06:23,000 --> 00:06:26,120 Speaker 3: this top in this moment. Let me think about it tomorrow, 138 00:06:26,160 --> 00:06:27,960 Speaker 3: and you know what, if it's still here, I'm going 139 00:06:28,040 --> 00:06:29,560 Speaker 3: to be all hippy about it and be like it 140 00:06:29,560 --> 00:06:32,760 Speaker 3: was meant to be and if it's not, then it's not. 141 00:06:33,320 --> 00:06:35,320 Speaker 3: So I think that that is potentially a good way 142 00:06:35,360 --> 00:06:38,680 Speaker 3: of doing it. But then also on this point, stop 143 00:06:38,760 --> 00:06:42,200 Speaker 3: getting sucked into sales like Miss Victoria the line today. 144 00:06:42,839 --> 00:06:44,919 Speaker 3: Make the most of them if you actually need to 145 00:06:44,960 --> 00:06:47,440 Speaker 3: buy something, But because it's on sale doesn't make the 146 00:06:47,520 --> 00:06:49,400 Speaker 3: top any cute. I'm talking to myself here. 147 00:06:50,680 --> 00:06:52,960 Speaker 2: Okay, So the next one here, v is one that 148 00:06:53,080 --> 00:06:55,960 Speaker 2: I feel like the older generations would accuse us all 149 00:06:56,000 --> 00:06:57,480 Speaker 2: of being really guilty. 150 00:06:57,680 --> 00:06:59,920 Speaker 3: Oh is that like eating too much of a cart? 151 00:07:00,279 --> 00:07:04,039 Speaker 2: Well sits around that kind of that line of thinking. 152 00:07:04,560 --> 00:07:09,080 Speaker 2: I'm talking about us not taking our futures seriously enough. 153 00:07:08,880 --> 00:07:10,640 Speaker 3: To slash Yeah that's a thing. 154 00:07:10,920 --> 00:07:15,000 Speaker 2: Yeah, but also not considering investing in our plan kind 155 00:07:15,000 --> 00:07:16,640 Speaker 2: of just assuming we can do it later and we'll 156 00:07:16,640 --> 00:07:17,400 Speaker 2: be fine. 157 00:07:17,600 --> 00:07:19,800 Speaker 3: Okay, well we all know that you can't just do 158 00:07:19,840 --> 00:07:21,680 Speaker 3: it later and you'll be fine. I feel like I've 159 00:07:21,680 --> 00:07:24,760 Speaker 3: orientted on this podcast time and time again about how 160 00:07:24,760 --> 00:07:27,080 Speaker 3: we need to put future us first and start planning 161 00:07:27,080 --> 00:07:29,200 Speaker 3: our financial futures today. At the end of the day, 162 00:07:29,440 --> 00:07:33,040 Speaker 3: Georgia with a podcast millennials who want financial freedom not 163 00:07:33,160 --> 00:07:36,200 Speaker 3: to do it tomorrow. So I think that it's really 164 00:07:36,200 --> 00:07:39,480 Speaker 3: important to understand it's really important to educate yourself, and 165 00:07:39,520 --> 00:07:42,840 Speaker 3: I actually think that we are incredibly educated as a generation. 166 00:07:43,480 --> 00:07:46,440 Speaker 3: An article came out this week and said that research 167 00:07:46,440 --> 00:07:50,440 Speaker 3: should come out about boys should be handling the finance. 168 00:07:51,000 --> 00:07:53,720 Speaker 3: A whole piece of research has been done on Australian 169 00:07:53,880 --> 00:07:56,640 Speaker 3: parents and an older generation than what you or I 170 00:07:56,840 --> 00:07:59,880 Speaker 3: or our average listeners age is and it says that 171 00:08:00,080 --> 00:08:02,120 Speaker 3: stuck in a traditional view. And I went on a 172 00:08:02,160 --> 00:08:03,640 Speaker 3: bit of a rant because at the end of the day, 173 00:08:03,680 --> 00:08:09,200 Speaker 3: obviously I am wildly passionate about financial literacy and changing 174 00:08:09,240 --> 00:08:11,600 Speaker 3: that and making sure that that is not the view 175 00:08:11,680 --> 00:08:15,000 Speaker 3: of our current generation. But at the same time, if 176 00:08:15,040 --> 00:08:17,680 Speaker 3: older generations seem to think that we are, you know, 177 00:08:17,760 --> 00:08:20,720 Speaker 3: maybe not taking our futures seriously, I would argue back 178 00:08:20,760 --> 00:08:23,080 Speaker 3: and being like, we are actually taking back this power, 179 00:08:23,120 --> 00:08:25,520 Speaker 3: or we are investing. Young women are investing so much 180 00:08:25,600 --> 00:08:29,000 Speaker 3: more than any other generation or age or demographic is 181 00:08:29,080 --> 00:08:32,560 Speaker 3: At the moment, we are seeing an epic change in 182 00:08:32,679 --> 00:08:35,600 Speaker 3: women in the workforce, in women in jobs of power, 183 00:08:35,640 --> 00:08:38,640 Speaker 3: in leadership positions. I am so wildly passionate about this, 184 00:08:39,000 --> 00:08:41,840 Speaker 3: and I swear if somebody else in an older generation 185 00:08:42,320 --> 00:08:45,440 Speaker 3: starts saying that we are guilty of being maybe two 186 00:08:45,480 --> 00:08:48,040 Speaker 3: in the moment or not taking things seriously, like, yeah, 187 00:08:48,040 --> 00:08:50,680 Speaker 3: you're right, we might not take things seriously on social media, 188 00:08:50,880 --> 00:08:53,040 Speaker 3: but when they were our age, they didn't have access 189 00:08:53,040 --> 00:08:55,839 Speaker 3: to platforms that allowed them to be as free or 190 00:08:55,880 --> 00:08:58,760 Speaker 3: as open or as you know, conversational as what we 191 00:08:58,880 --> 00:09:01,920 Speaker 3: currently are. That question gets me a little bit heated 192 00:09:01,960 --> 00:09:05,400 Speaker 3: because it really frustrates me that older generations are not 193 00:09:05,520 --> 00:09:08,679 Speaker 3: seeing the opportunities that we have as a generation and 194 00:09:08,720 --> 00:09:11,120 Speaker 3: that we are seizing. So for me, it's a bit 195 00:09:11,640 --> 00:09:14,920 Speaker 3: it's a bit topical, because they get really frustrated that 196 00:09:15,400 --> 00:09:17,559 Speaker 3: we are not in the best possible position and people 197 00:09:17,600 --> 00:09:20,280 Speaker 3: do not seem to see that we actually have a 198 00:09:20,280 --> 00:09:22,800 Speaker 3: whole heap of other barriers and hurdles that are actually 199 00:09:22,880 --> 00:09:25,120 Speaker 3: in our way. And you know, I won't go on 200 00:09:25,160 --> 00:09:28,240 Speaker 3: about it, but property prices, the fact that inflation has 201 00:09:28,760 --> 00:09:32,240 Speaker 3: gone up higher than what the average salary has, like. 202 00:09:32,160 --> 00:09:34,040 Speaker 2: The number of people who lost their jobs last year, 203 00:09:34,160 --> 00:09:36,680 Speaker 2: exactly young people being amongst the hardest hits. 204 00:09:36,800 --> 00:09:39,440 Speaker 3: But then we're also seeing so many people come through 205 00:09:39,440 --> 00:09:42,199 Speaker 3: that and being innovative and coming up with different businesses 206 00:09:42,240 --> 00:09:44,559 Speaker 3: and being nimble and agile. And then we're also seeing 207 00:09:44,600 --> 00:09:47,280 Speaker 3: people I have seen this wave of people who are 208 00:09:47,280 --> 00:09:50,440 Speaker 3: just willing to get their hands dirty, people who are going, yep, cool, 209 00:09:50,480 --> 00:09:52,360 Speaker 3: that was my job. But I'll just take whatever's going 210 00:09:52,360 --> 00:09:54,480 Speaker 3: because I need to put food on the table. And 211 00:09:54,960 --> 00:09:57,400 Speaker 3: I think that older generations and this might be wildly 212 00:09:57,440 --> 00:10:00,280 Speaker 3: and accurate, so I do apologize, weren't as will to 213 00:10:00,320 --> 00:10:02,800 Speaker 3: do that because I think they were too proud, whereas 214 00:10:02,800 --> 00:10:05,199 Speaker 3: this generation's kind of like, yep, seek, I'll drive an uber. 215 00:10:05,600 --> 00:10:07,719 Speaker 3: That'd be good. I'll just earn some extra cash, or 216 00:10:07,760 --> 00:10:10,239 Speaker 3: don't have a job at the moment, so I'll absolutely 217 00:10:10,280 --> 00:10:13,000 Speaker 3: do that, or yeah, I'll go. One of our staff 218 00:10:13,160 --> 00:10:15,920 Speaker 3: worked in a warehouse during COVID and I cannot tell 219 00:10:15,960 --> 00:10:18,560 Speaker 3: you how impressed I was with that, because at the 220 00:10:18,679 --> 00:10:21,440 Speaker 3: end of the day, that person could have gone and 221 00:10:21,559 --> 00:10:24,839 Speaker 3: just gotten you know, job seeker, job keeper, but they 222 00:10:24,840 --> 00:10:27,200 Speaker 3: were like, no, like, I've got two hands, I can 223 00:10:27,240 --> 00:10:29,160 Speaker 3: do a job and I can earn money with that. 224 00:10:29,320 --> 00:10:32,120 Speaker 3: And I love that mentality, and that is a mentality 225 00:10:32,120 --> 00:10:34,320 Speaker 3: that I don't see in any other generations. So that's 226 00:10:34,360 --> 00:10:37,160 Speaker 3: the end of my ranch. Georgia we were actually talking about. 227 00:10:38,480 --> 00:10:40,360 Speaker 2: Just want to jump in there and say, of course, 228 00:10:40,440 --> 00:10:43,000 Speaker 2: job seeker, job keeper like no, Jo. 229 00:10:43,080 --> 00:10:45,760 Speaker 3: Yeah, no, no, no, yeah, And I think that's actually 230 00:10:45,800 --> 00:10:47,440 Speaker 3: really good for you to pull me up on. That's 231 00:10:47,480 --> 00:10:49,840 Speaker 3: absolutely not it. But I think that a number of 232 00:10:49,880 --> 00:10:53,240 Speaker 3: people did sit back during COVID and just going, oh, like, 233 00:10:53,280 --> 00:10:55,000 Speaker 3: I can't do anything. You know what, there are a 234 00:10:55,000 --> 00:10:58,600 Speaker 3: lot of people that were not in the location or 235 00:10:58,679 --> 00:11:01,640 Speaker 3: the financial position, or the lifestyle position, or had kids 236 00:11:01,640 --> 00:11:04,120 Speaker 3: at home and absolutely couldn't work. Like please, don't get 237 00:11:04,120 --> 00:11:07,319 Speaker 3: me wrong, but I think that as a generation as 238 00:11:07,360 --> 00:11:09,679 Speaker 3: a whole, if we have the ability to do something, 239 00:11:09,760 --> 00:11:11,840 Speaker 3: we do it, and most generations don't do that. 240 00:11:12,120 --> 00:11:15,640 Speaker 2: I love that. Okay, So you're basically saying that we 241 00:11:15,880 --> 00:11:18,679 Speaker 2: are taking our futures pretty seriously, So you don't really 242 00:11:18,679 --> 00:11:22,080 Speaker 2: subscribe to what these older generations are perhaps saying. Is 243 00:11:22,160 --> 00:11:26,559 Speaker 2: the you know, classic millennial you don't believe in those tropes. 244 00:11:26,320 --> 00:11:29,600 Speaker 3: Which I love. They can Georgia Hey, getting the. 245 00:11:29,520 --> 00:11:33,880 Speaker 2: Bin, Getting the bin? Yeah, love it. Okay, Well it's. 246 00:11:33,760 --> 00:11:38,640 Speaker 3: The professional and mature way to respond to accusations. 247 00:11:39,200 --> 00:11:42,120 Speaker 2: Get in the bin. I just want to quickly touch 248 00:11:42,160 --> 00:11:45,160 Speaker 2: on super here V because I know we are smart, 249 00:11:45,160 --> 00:11:47,679 Speaker 2: empowered and interested in finance now, but I feel like 250 00:11:47,720 --> 00:11:51,840 Speaker 2: super is still something that is maybe considered or perceived 251 00:11:51,880 --> 00:11:54,240 Speaker 2: to be as a little bit of a boring topic. 252 00:11:54,280 --> 00:11:55,440 Speaker 2: Can you just reiterate, I. 253 00:11:55,400 --> 00:11:56,760 Speaker 3: Don't know why you want to talk about it on 254 00:11:56,800 --> 00:11:57,520 Speaker 3: this podcast. 255 00:11:58,120 --> 00:11:58,800 Speaker 2: Is it boring? 256 00:11:58,960 --> 00:12:00,880 Speaker 3: No, it's actually so was so cool. 257 00:12:00,920 --> 00:12:02,880 Speaker 2: That's what I thought. You're gonna say this little spiel 258 00:12:03,600 --> 00:12:06,480 Speaker 2: about what just why it's something we need to be 259 00:12:06,760 --> 00:12:07,320 Speaker 2: thinking about. 260 00:12:07,440 --> 00:12:09,760 Speaker 3: So I think that when people say I'm not investing 261 00:12:10,200 --> 00:12:12,559 Speaker 3: my friend, have you got a super account? Yes, you're 262 00:12:12,559 --> 00:12:15,200 Speaker 3: an investor, something that I don't think a lot of 263 00:12:15,240 --> 00:12:18,920 Speaker 3: people realize is that their superanuation money is not saving 264 00:12:19,120 --> 00:12:22,200 Speaker 3: for retirement. It's an investment for retirement. It's going into 265 00:12:22,240 --> 00:12:25,600 Speaker 3: what we call an investment fund. Essentially, this is all 266 00:12:25,720 --> 00:12:29,079 Speaker 3: very basic in comparison, but that is then being invested 267 00:12:29,080 --> 00:12:33,199 Speaker 3: on behalf of you to create wealth for your financial future. 268 00:12:33,920 --> 00:12:37,800 Speaker 3: And superanuation here in Australia is essentially the closest thing 269 00:12:37,840 --> 00:12:41,240 Speaker 3: we have to what maybe other people would refer to 270 00:12:41,280 --> 00:12:43,560 Speaker 3: as a tax haven, right, and that's like a really 271 00:12:43,600 --> 00:12:47,880 Speaker 3: good tax situation. Essentially, the amount of tax we pay 272 00:12:47,880 --> 00:12:50,600 Speaker 3: in superannuation is only fifteen percent, whereas a lot of 273 00:12:50,600 --> 00:12:53,720 Speaker 3: our listeners would be paying marginal tax rates between twenty 274 00:12:53,720 --> 00:12:57,280 Speaker 3: five and thirty nine percent, which obviously, if you were 275 00:12:57,320 --> 00:13:00,439 Speaker 3: going to put money somewhere and save some moreuation is 276 00:13:00,520 --> 00:13:03,160 Speaker 3: the environment for that. So I think that for us 277 00:13:03,600 --> 00:13:05,720 Speaker 3: we just don't take it seriously because we don't feel 278 00:13:05,720 --> 00:13:07,760 Speaker 3: like it's our money. But at the end of the day, 279 00:13:07,840 --> 00:13:11,320 Speaker 3: supernuation is nine point five usually can be more than that, 280 00:13:11,400 --> 00:13:14,160 Speaker 3: but at a base level here in Australia, subernuation is 281 00:13:14,160 --> 00:13:17,360 Speaker 3: a base of nine point five percent of your real money, 282 00:13:17,679 --> 00:13:19,680 Speaker 3: like your real money that you are going to work 283 00:13:19,720 --> 00:13:21,480 Speaker 3: each and every single day to earn, and it is 284 00:13:21,520 --> 00:13:25,239 Speaker 3: being put in an investment for you, and that investment 285 00:13:25,280 --> 00:13:27,880 Speaker 3: for you should be performing and you should be keeping 286 00:13:27,920 --> 00:13:30,640 Speaker 3: an eye on that, because, my friend, that's your share portfolio. 287 00:13:31,120 --> 00:13:32,760 Speaker 3: You might not be able to pull your money out 288 00:13:32,800 --> 00:13:35,360 Speaker 3: two sixty five, but that doesn't matter. It's still your 289 00:13:35,440 --> 00:13:38,600 Speaker 3: money and it is still invested on your behalf. If 290 00:13:38,640 --> 00:13:40,240 Speaker 3: you don't like the way it's invested, you've got to 291 00:13:40,320 --> 00:13:42,840 Speaker 3: change that. So I think that we don't take it 292 00:13:42,880 --> 00:13:45,360 Speaker 3: seriously enough because we genuinely don't see it as ours, 293 00:13:45,600 --> 00:13:48,960 Speaker 3: when in reality, that's your future sitting right there, my friends. 294 00:13:48,840 --> 00:13:51,559 Speaker 2: One hundred percent. And we did do a whole episode 295 00:13:51,600 --> 00:13:54,720 Speaker 2: on super as well, so scoop back and listen to 296 00:13:54,760 --> 00:13:56,880 Speaker 2: that one if you do need help breaking the bad 297 00:13:56,920 --> 00:14:00,760 Speaker 2: habit of not taking your super seriously. Next one v 298 00:14:01,320 --> 00:14:03,679 Speaker 2: Maybe a little bit predictable. We did touch on it 299 00:14:03,720 --> 00:14:04,320 Speaker 2: at the top. 300 00:14:04,400 --> 00:14:12,160 Speaker 3: Predictable never no, no, never go over the hit. We're fresh, But. 301 00:14:12,160 --> 00:14:15,120 Speaker 2: I want to talk now about buy now, pay later. 302 00:14:15,280 --> 00:14:19,760 Speaker 2: So this made the list of the startling it Yeah, 303 00:14:20,520 --> 00:14:23,520 Speaker 2: let the kids call it so regular listeners would of 304 00:14:23,520 --> 00:14:26,040 Speaker 2: course know that both you and my good self are 305 00:14:26,240 --> 00:14:30,080 Speaker 2: quite anti BNPR. But can you please give us a 306 00:14:30,080 --> 00:14:34,440 Speaker 2: little refresher as to why find our pay later schemes? 307 00:14:34,680 --> 00:14:37,640 Speaker 2: Is that too hard? Why they're more of a hindurance 308 00:14:37,640 --> 00:14:38,120 Speaker 2: than a help. 309 00:14:38,520 --> 00:14:42,240 Speaker 3: I think it's a trap. Is that bad? I actually 310 00:14:42,320 --> 00:14:44,320 Speaker 3: want to disclaimer this right. We actually have a number 311 00:14:44,360 --> 00:14:48,000 Speaker 3: of people in our community that do use programs like 312 00:14:48,440 --> 00:14:51,880 Speaker 3: after pay for really constructive reasons. They're really good at 313 00:14:51,880 --> 00:14:53,960 Speaker 3: cash flow, and they're using it as a cash flow tool. 314 00:14:54,200 --> 00:14:56,640 Speaker 3: We are not talking to those people. We are talking 315 00:14:56,640 --> 00:14:58,440 Speaker 3: to the people that get after paid by things they 316 00:14:58,480 --> 00:15:02,400 Speaker 3: don't need with money they don't have. And so though 317 00:15:02,440 --> 00:15:05,080 Speaker 3: it may seem like after pay is going to help 318 00:15:05,080 --> 00:15:08,640 Speaker 3: you attain an item or an object or a life 319 00:15:08,680 --> 00:15:10,920 Speaker 3: that you don't currently have that you do want, the 320 00:15:11,000 --> 00:15:13,760 Speaker 3: reality is they are actually going to be bad news 321 00:15:13,800 --> 00:15:16,840 Speaker 3: for your financial future. They're literally just another line of 322 00:15:16,880 --> 00:15:19,320 Speaker 3: credit and it is absolutely not something I want our 323 00:15:19,320 --> 00:15:22,440 Speaker 3: community to come to rely on. And for me, it's 324 00:15:22,480 --> 00:15:25,040 Speaker 3: a really slippery slope. If you're going to go buy 325 00:15:25,080 --> 00:15:27,160 Speaker 3: a dress and that dress is two hundred dollars, they're like, oh, 326 00:15:27,200 --> 00:15:30,480 Speaker 3: it's easy, we'll just take payments out and it'll be 327 00:15:30,720 --> 00:15:32,640 Speaker 3: fifty dollars a week for the next four weeks, and 328 00:15:32,720 --> 00:15:35,360 Speaker 3: you kind of don't feel the bite of that dress 329 00:15:35,400 --> 00:15:38,160 Speaker 3: as harshly as you would have had you had to 330 00:15:38,160 --> 00:15:40,680 Speaker 3: cough up that money initially. It's even worse if you 331 00:15:40,760 --> 00:15:43,680 Speaker 3: didn't have that money at the time, because you're literally 332 00:15:43,760 --> 00:15:46,080 Speaker 3: spending money that you don't have. I just feel like 333 00:15:46,080 --> 00:15:48,360 Speaker 3: it's a really slippery slope. The end of the day, 334 00:15:48,400 --> 00:15:51,200 Speaker 3: you don't need to be buying things to impress other people. 335 00:15:51,440 --> 00:15:54,480 Speaker 3: And it really frustrates me that we're in a in 336 00:15:54,520 --> 00:15:56,920 Speaker 3: a world where we are often buying things to impress 337 00:15:56,960 --> 00:15:59,720 Speaker 3: people we don't even like. I think it's really not constructive. 338 00:15:59,760 --> 00:16:03,520 Speaker 3: And seeing a number of different platforms pop up at 339 00:16:03,520 --> 00:16:06,640 Speaker 3: the moment that are equally as concerning that maybe are 340 00:16:06,680 --> 00:16:09,640 Speaker 3: worthy of talking about on a future podcast episode, like 341 00:16:09,800 --> 00:16:11,920 Speaker 3: my pay Now, Georgia. I'm not sure if you've heard 342 00:16:11,920 --> 00:16:15,080 Speaker 3: the advertisements for them, but they are also terrifying. 343 00:16:15,120 --> 00:16:16,240 Speaker 2: Did you say, why pay now? 344 00:16:16,480 --> 00:16:17,440 Speaker 3: My pay Now? 345 00:16:18,000 --> 00:16:19,800 Speaker 2: Oh okay, interesting. 346 00:16:20,320 --> 00:16:24,480 Speaker 3: It's like essentially a cash advance on your own income. 347 00:16:24,760 --> 00:16:28,120 Speaker 3: And they say they're revolutionizing the way that people get paid, 348 00:16:28,440 --> 00:16:31,400 Speaker 3: and they say it's early and on demand, when in reality, 349 00:16:31,440 --> 00:16:34,640 Speaker 3: they're just going to charge you money to behaveock your 350 00:16:34,680 --> 00:16:37,960 Speaker 3: own salary, and it kind of makes me feel sick. 351 00:16:37,880 --> 00:16:40,200 Speaker 2: With interest or late fees and all of that kind. 352 00:16:40,080 --> 00:16:43,760 Speaker 3: Of flat rate Georgia. You know, no, hidden fees are 353 00:16:43,760 --> 00:16:46,840 Speaker 3: annoying interest. What they're saying there is like they are 354 00:16:46,840 --> 00:16:50,240 Speaker 3: going to charge you money on the money that you have, 355 00:16:50,320 --> 00:16:52,600 Speaker 3: and they say, that's really good. But I'm looking at 356 00:16:52,600 --> 00:16:54,440 Speaker 3: their website right now because I keyed it in to 357 00:16:54,520 --> 00:16:57,680 Speaker 3: make sure that I wasn't wrong, and they say for 358 00:16:57,920 --> 00:17:01,040 Speaker 3: just five dollars for every one hundred dollars that you 359 00:17:01,120 --> 00:17:03,680 Speaker 3: get an advance on. Like wow, So you're gonna charge 360 00:17:03,720 --> 00:17:08,200 Speaker 3: me five percent yep, for every dollar that I get 361 00:17:08,240 --> 00:17:10,919 Speaker 3: as an advance. So that's essentially alone. My friends and 362 00:17:10,960 --> 00:17:13,320 Speaker 3: I think that it's a really really slippery slope and 363 00:17:13,320 --> 00:17:14,480 Speaker 3: that's my opinion on that. 364 00:17:14,800 --> 00:17:16,960 Speaker 2: Yeah, and the marketing makes it sound so glossy, so 365 00:17:16,960 --> 00:17:17,320 Speaker 2: you have to. 366 00:17:17,240 --> 00:17:19,360 Speaker 3: Tell me, gosh, yes, And you look at their beautiful 367 00:17:19,359 --> 00:17:22,960 Speaker 3: websites and their Coverty memes and they're covered in emojis 368 00:17:23,000 --> 00:17:25,919 Speaker 3: and they are beautiful, like they're branding stunning, Like whoever 369 00:17:25,960 --> 00:17:29,000 Speaker 3: did they wear the website? Whoever did their website? Get 370 00:17:29,000 --> 00:17:32,560 Speaker 3: in touch? But I just get so frustrated because this 371 00:17:32,720 --> 00:17:35,600 Speaker 3: is not putting you in the best possible financial position. 372 00:17:36,119 --> 00:17:38,280 Speaker 3: And please don't get me wrong, if you need a 373 00:17:38,320 --> 00:17:41,800 Speaker 3: cash advance, and you need it for a really good reason. 374 00:17:42,200 --> 00:17:45,520 Speaker 3: Medical food on the table, like all of that stuff. 375 00:17:45,560 --> 00:17:47,800 Speaker 3: Please don't get me wrong if you're using these as 376 00:17:47,880 --> 00:17:50,920 Speaker 3: tools to actually put your family in a position where 377 00:17:50,920 --> 00:17:54,680 Speaker 3: they're getting by. But if you are advancing your salary 378 00:17:54,800 --> 00:17:57,240 Speaker 3: because you went out a couple of times too many 379 00:17:57,280 --> 00:18:00,439 Speaker 3: with the girls for a couple of espresso martinis, like 380 00:18:00,520 --> 00:18:02,680 Speaker 3: this is not how you're going to get ahead in life, 381 00:18:02,720 --> 00:18:04,679 Speaker 3: and it's actually impacting future you. 382 00:18:05,119 --> 00:18:06,920 Speaker 2: I just wanted to throw in some stats here before 383 00:18:06,960 --> 00:18:09,119 Speaker 2: I ask you how we can actually break the habit 384 00:18:09,160 --> 00:18:11,639 Speaker 2: if we are. You know, I love some stats. I 385 00:18:12,520 --> 00:18:15,480 Speaker 2: do so. First stat here, one in five people using 386 00:18:15,520 --> 00:18:18,760 Speaker 2: buy now, Pay Later schemes misspayments and are racking up 387 00:18:18,800 --> 00:18:20,720 Speaker 2: serious amounts of debt. One in five. 388 00:18:20,800 --> 00:18:24,879 Speaker 3: That's pretty sad. Twenty Georgia. That's twenty percent. That's a 389 00:18:24,880 --> 00:18:25,760 Speaker 3: lot of percents. 390 00:18:26,080 --> 00:18:27,080 Speaker 2: That's a lot of percent. 391 00:18:27,240 --> 00:18:27,960 Speaker 3: You're not wrong. 392 00:18:28,880 --> 00:18:31,320 Speaker 2: Next up for you here, people under the age of 393 00:18:31,600 --> 00:18:34,120 Speaker 2: thirty five are using buy now, Pay Later more than 394 00:18:34,119 --> 00:18:38,320 Speaker 2: any other demographic, which our audience yep. And the number 395 00:18:38,400 --> 00:18:41,680 Speaker 2: of buy now Pay Later transactions increased from a sixteen 396 00:18:41,720 --> 00:18:45,560 Speaker 2: point eight million in the twenty seventeen to eighteen financial 397 00:18:45,640 --> 00:18:49,480 Speaker 2: year to thirty two million in twenty eighteen to nineteen, 398 00:18:49,520 --> 00:18:52,600 Speaker 2: which is an increase of ninety percent, essentially double. It 399 00:18:52,680 --> 00:18:56,600 Speaker 2: is filthy. V talk us through how we can break 400 00:18:56,600 --> 00:18:57,040 Speaker 2: this habit. 401 00:18:57,640 --> 00:19:00,320 Speaker 3: I'm so opinionated on this podcast this week. I do 402 00:19:00,400 --> 00:19:03,600 Speaker 3: apologize friends, we're talking about habits. I'm just bad habits, 403 00:19:03,640 --> 00:19:07,359 Speaker 3: And given Valentine's Day is literally just around the corner, 404 00:19:07,560 --> 00:19:10,240 Speaker 3: I feel like we should be taking care of ourselves, 405 00:19:10,640 --> 00:19:13,840 Speaker 3: not someone else. So let's just put ourselves first and 406 00:19:13,880 --> 00:19:17,159 Speaker 3: break a whole heap of bad financial habits. And it 407 00:19:17,200 --> 00:19:19,679 Speaker 3: gets me really riled up when we have habits that 408 00:19:19,720 --> 00:19:22,240 Speaker 3: aren't necessarily our fault, because it's due to us being 409 00:19:22,280 --> 00:19:25,879 Speaker 3: sucked in with really beautiful marketing or own idea or 410 00:19:25,920 --> 00:19:28,440 Speaker 3: a statement that seems too good to be true because 411 00:19:28,440 --> 00:19:31,439 Speaker 3: it actually is. So I think that while credit is 412 00:19:31,600 --> 00:19:35,320 Speaker 3: absolutely a super important lifeline for a lot of people, 413 00:19:35,640 --> 00:19:37,880 Speaker 3: we shouldn't be going into debt to buy brand new 414 00:19:37,880 --> 00:19:40,760 Speaker 3: tops or dresses or outfits. We shouldn't be going into 415 00:19:40,760 --> 00:19:43,439 Speaker 3: debt to buy a new technology or things that we 416 00:19:43,640 --> 00:19:47,359 Speaker 3: genuinely do not need. So don't forget how satisfying it 417 00:19:47,400 --> 00:19:50,800 Speaker 3: can be to save up for something. And I've plugged 418 00:19:50,800 --> 00:19:54,919 Speaker 3: this before. I'm not sponsored by these people, by the way, Georgia, 419 00:19:54,960 --> 00:19:57,680 Speaker 3: otherwise you might know about it. But I've plugged them 420 00:19:57,680 --> 00:20:01,240 Speaker 3: before and I really love them because it's essentially proper layby. 421 00:20:01,440 --> 00:20:03,560 Speaker 3: If you would like to purchase something and you're bad 422 00:20:03,600 --> 00:20:05,919 Speaker 3: at cash flow and management, you can actually go to 423 00:20:06,040 --> 00:20:08,720 Speaker 3: layby land dot com, dot a you and lay by 424 00:20:08,880 --> 00:20:12,679 Speaker 3: something like you can start paying towards an item and 425 00:20:12,720 --> 00:20:14,400 Speaker 3: then have it delivered once you've paid it off. 426 00:20:14,600 --> 00:20:16,320 Speaker 2: Yeah, so that's the other way around. 427 00:20:16,400 --> 00:20:19,120 Speaker 3: Yeah, so the people don't have any debt on something. 428 00:20:19,400 --> 00:20:21,080 Speaker 3: And I think that if you need a new fridge 429 00:20:21,080 --> 00:20:23,040 Speaker 3: for your home and you're really bad at cash flow, 430 00:20:23,119 --> 00:20:25,439 Speaker 3: like pick out that fridge, go and put it on 431 00:20:25,560 --> 00:20:29,080 Speaker 3: layby and go and actually purchase it that way because 432 00:20:29,560 --> 00:20:32,840 Speaker 3: they're not charging you anymore. And I obviously wouldn't recommend 433 00:20:32,840 --> 00:20:35,359 Speaker 3: it if it was a more expensive option, but at 434 00:20:35,400 --> 00:20:37,359 Speaker 3: the end of the day, like, if cash flow is 435 00:20:37,400 --> 00:20:39,719 Speaker 3: your problem, find another solution for it. And lay by 436 00:20:39,800 --> 00:20:42,959 Speaker 3: land again not sponsored. I just really like that that 437 00:20:43,119 --> 00:20:45,800 Speaker 3: is an option because a lot of people say, oh, yeah, 438 00:20:45,840 --> 00:20:48,720 Speaker 3: by Victoria so bad like that fridge. I wants a 439 00:20:48,760 --> 00:20:52,720 Speaker 3: thousand dollars so bad at saving up so after pace 440 00:20:52,760 --> 00:20:55,359 Speaker 3: the way that I kind of, you know, say, okay, well, 441 00:20:55,440 --> 00:20:58,240 Speaker 3: let's reverse engineer that the problem is saving. Let's get 442 00:20:58,240 --> 00:21:00,480 Speaker 3: that item on a cash flow plan that doesn't negatively 443 00:21:00,520 --> 00:21:03,399 Speaker 3: impact you. So for me, it's just let's think about 444 00:21:03,440 --> 00:21:05,560 Speaker 3: how gratifying it can be to save. If you're bad 445 00:21:05,600 --> 00:21:08,760 Speaker 3: at cashalo, let's look at another option instead of turning 446 00:21:08,760 --> 00:21:11,240 Speaker 3: to places that could end up flashing you in the bottom. 447 00:21:11,880 --> 00:21:15,399 Speaker 2: The last habit here, v, the one that you're pretty 448 00:21:15,400 --> 00:21:18,879 Speaker 2: renowned for saying on the podcast, is keeping our heads 449 00:21:19,040 --> 00:21:20,000 Speaker 2: buried in the sand. 450 00:21:20,080 --> 00:21:22,160 Speaker 3: I don't know where that phrase even came from. I'm 451 00:21:22,160 --> 00:21:25,040 Speaker 3: not saying a lot I do, I do, And it's 452 00:21:25,160 --> 00:21:26,600 Speaker 3: so dated. 453 00:21:27,160 --> 00:21:30,639 Speaker 2: Ah it's a real visual Like every time you say it, 454 00:21:30,960 --> 00:21:33,440 Speaker 2: I can imagine me with like. 455 00:21:33,480 --> 00:21:37,280 Speaker 3: Some sand up your nose. Yeah, yeah, that's really a hotness. 456 00:21:37,320 --> 00:21:39,320 Speaker 3: What were you trying to say before I cut off? 457 00:21:40,640 --> 00:21:43,240 Speaker 2: So the issue of keeping our heads buried in the 458 00:21:43,280 --> 00:21:49,400 Speaker 2: sand rather than facing our financial fears head on quicksand too. Ah, Well, 459 00:21:49,400 --> 00:21:51,000 Speaker 2: that's the worst kind of sand. 460 00:21:51,480 --> 00:21:54,280 Speaker 3: Ah No, the worst kind of sands, That really gritty, 461 00:21:54,359 --> 00:21:57,680 Speaker 3: thin sand that gets stuck in your baths. Yeah, that's 462 00:21:57,720 --> 00:21:58,119 Speaker 3: the worst. 463 00:21:58,280 --> 00:21:59,760 Speaker 2: That is the worst sand and you find it in 464 00:21:59,800 --> 00:22:00,399 Speaker 2: the shower. 465 00:22:00,760 --> 00:22:03,520 Speaker 3: Yes, and you thought you didn't have any in your babies, 466 00:22:03,640 --> 00:22:04,960 Speaker 3: but then it is. 467 00:22:05,080 --> 00:22:09,400 Speaker 2: Yeah, I haven't thought about that. Noah, good visual. One 468 00:22:09,400 --> 00:22:10,680 Speaker 2: more time, I'm going to ask. 469 00:22:10,520 --> 00:22:14,640 Speaker 3: You, I'm really trying to railroad this episode because I'm 470 00:22:14,640 --> 00:22:17,119 Speaker 3: missing the band to Georgia. 471 00:22:17,240 --> 00:22:19,280 Speaker 2: Why do you think this is an issue that we 472 00:22:19,359 --> 00:22:20,600 Speaker 2: need to address. 473 00:22:20,960 --> 00:22:22,640 Speaker 3: I think a lot of people that have come into 474 00:22:22,680 --> 00:22:25,560 Speaker 3: our community that were a bit reluctant when it came 475 00:22:25,560 --> 00:22:29,159 Speaker 3: to talking to about things related to finance came because 476 00:22:29,200 --> 00:22:31,520 Speaker 3: it filled them with a sense of dread and anxiety 477 00:22:31,520 --> 00:22:34,200 Speaker 3: and it made them feel really uneasy. And we've spoken 478 00:22:34,200 --> 00:22:36,639 Speaker 3: about this like literally, if you haven't heard our Money 479 00:22:36,680 --> 00:22:40,080 Speaker 3: Story episode, it was the first episode we did ever, 480 00:22:40,440 --> 00:22:43,520 Speaker 3: and that arguably is the premise of everything I do. 481 00:22:43,600 --> 00:22:45,720 Speaker 3: And that's why I wanted it to be the first episode, 482 00:22:45,760 --> 00:22:48,520 Speaker 3: because your money story is so important to me and 483 00:22:48,600 --> 00:22:52,119 Speaker 3: so important to you to understand, because the way you 484 00:22:52,200 --> 00:22:55,399 Speaker 3: were brought up around money is going to impact the 485 00:22:55,440 --> 00:22:58,040 Speaker 3: rest of your life. When we said on a podcast, recently, 486 00:22:58,119 --> 00:23:01,199 Speaker 3: some research has come out that you're money beliefs and 487 00:23:01,320 --> 00:23:04,120 Speaker 3: values start being shaped as young as seven years old 488 00:23:04,359 --> 00:23:08,040 Speaker 3: and they then become ingrained. So for me, understanding your 489 00:23:08,040 --> 00:23:10,600 Speaker 3: money story is going to help you understand a little 490 00:23:10,600 --> 00:23:14,000 Speaker 3: bit about why you might feel dread or anxiety and 491 00:23:14,560 --> 00:23:18,119 Speaker 3: money anxiety is such a real thing. It is not 492 00:23:18,240 --> 00:23:20,840 Speaker 3: something that we should laugh at or you know, if 493 00:23:20,920 --> 00:23:24,119 Speaker 3: you don't understand what that feels like, you should be grateful. 494 00:23:24,560 --> 00:23:26,800 Speaker 3: Money anxiety is a really real thing, and lots of 495 00:23:26,880 --> 00:23:29,280 Speaker 3: us would actually prefer to live in a state of ignorance. 496 00:23:29,359 --> 00:23:31,359 Speaker 3: That's why we put our head in this and rather 497 00:23:31,400 --> 00:23:34,080 Speaker 3: than actually taking control of our finances because that can 498 00:23:34,119 --> 00:23:39,359 Speaker 3: often feel incredibly overwhelming and often too much. So for 499 00:23:39,440 --> 00:23:42,399 Speaker 3: our community to understand this, you need to know that 500 00:23:42,680 --> 00:23:44,720 Speaker 3: the longer I did is going to be in the sand, 501 00:23:44,760 --> 00:23:47,080 Speaker 3: the longer you're going to be saving or investing or 502 00:23:47,280 --> 00:23:49,119 Speaker 3: you know, trying to get out of the sand. So 503 00:23:49,160 --> 00:23:51,639 Speaker 3: the sooner that you can essentially just start going, you 504 00:23:51,640 --> 00:23:53,080 Speaker 3: know what, I'm going to tackle this head on, like, 505 00:23:53,160 --> 00:23:55,280 Speaker 3: let's just have a chat about it. Let's work out 506 00:23:55,320 --> 00:23:57,199 Speaker 3: what my money story is. Let's work out what I 507 00:23:57,200 --> 00:23:59,800 Speaker 3: can do for future me. The less time and energy 508 00:23:59,800 --> 00:24:01,280 Speaker 3: in it that you're going to have to put into 509 00:24:01,320 --> 00:24:04,960 Speaker 3: that future you, situation that you want to achieve when 510 00:24:04,960 --> 00:24:07,439 Speaker 3: you're really young. It can actually just be easy to 511 00:24:07,440 --> 00:24:09,959 Speaker 3: focus on life right now. I was guilty of that. 512 00:24:10,040 --> 00:24:12,640 Speaker 3: I went to UNI. I definitely spent everything I had 513 00:24:12,680 --> 00:24:14,840 Speaker 3: and ended up in debt because of it. And you 514 00:24:15,000 --> 00:24:17,639 Speaker 3: just don't end up putting much thought into future you 515 00:24:17,800 --> 00:24:20,479 Speaker 3: because you're thinking, Okay, well it doesn't actually matter I'm 516 00:24:20,480 --> 00:24:22,320 Speaker 3: a UNI, I'll have a full time job at some point, 517 00:24:22,560 --> 00:24:24,760 Speaker 3: or it doesn't actually matter I m agrad right now, 518 00:24:24,840 --> 00:24:27,639 Speaker 3: I'll have a real paying job at some point. Like 519 00:24:27,920 --> 00:24:31,560 Speaker 3: that point never comes. There's always going to be oh, well, 520 00:24:31,560 --> 00:24:33,720 Speaker 3: i'll have a higher paying job, or I'll do it 521 00:24:33,760 --> 00:24:36,160 Speaker 3: when I achieve X, or I'll do it once I've 522 00:24:36,200 --> 00:24:38,879 Speaker 3: paid off my personal loan, and oh once the personal 523 00:24:38,920 --> 00:24:40,520 Speaker 3: loan's gone. It's I'll do it once I get a 524 00:24:40,560 --> 00:24:42,399 Speaker 3: new car, because I really I deserve one and I 525 00:24:42,480 --> 00:24:45,240 Speaker 3: need it. And there's just there's never today like today 526 00:24:45,359 --> 00:24:47,879 Speaker 3: is the day. And I think we need to understand that, 527 00:24:48,000 --> 00:24:50,359 Speaker 3: because it can be so easy to just focus on 528 00:24:50,400 --> 00:24:53,200 Speaker 3: the right now instead of putting future you first. 529 00:24:54,000 --> 00:24:57,479 Speaker 2: All right, before we hear what your worst money habit is, 530 00:24:57,480 --> 00:24:59,920 Speaker 2: miss Victoria Devine, and have a little chat about the 531 00:25:00,080 --> 00:25:03,000 Speaker 2: psychology of why it is so very hard to break 532 00:25:03,119 --> 00:25:06,120 Speaker 2: bad habits. Here is a quick word from the partners 533 00:25:06,160 --> 00:25:20,440 Speaker 2: of today's show. Now, if you're falling as in love 534 00:25:20,560 --> 00:25:23,600 Speaker 2: with finance as our good mate Vickid is, then please 535 00:25:26,400 --> 00:25:27,879 Speaker 2: should I stop calling you Vikid? 536 00:25:28,119 --> 00:25:29,920 Speaker 3: No? I want to let's do a pop background. 537 00:25:30,200 --> 00:25:34,880 Speaker 2: Okay, Now, if you're falling as in love with finance 538 00:25:34,920 --> 00:25:38,119 Speaker 2: as Vikid is, then please remember that we aren't just 539 00:25:38,119 --> 00:25:42,400 Speaker 2: hanging around on this podcast. We also have a Facebook community, 540 00:25:42,560 --> 00:25:45,040 Speaker 2: which we talk a lot about on the podcast, where 541 00:25:45,200 --> 00:25:49,200 Speaker 2: one hundred and thirty thousand angels absolute weekly daily our. 542 00:25:49,119 --> 00:25:51,760 Speaker 3: One hundred and thirty thousand people like that's a lot 543 00:25:51,800 --> 00:25:52,320 Speaker 3: of people. 544 00:25:52,400 --> 00:25:52,920 Speaker 2: It's a lot. 545 00:25:52,960 --> 00:25:56,439 Speaker 3: I don't know how many people that visually looks like 546 00:25:56,920 --> 00:26:00,320 Speaker 3: MCG plus some. I can't even tell you how many 547 00:26:00,320 --> 00:26:02,879 Speaker 3: people fit in an MCG just on it. Let you 548 00:26:02,960 --> 00:26:06,880 Speaker 3: know that. Hypothetically, it's probably ten mcgs. 549 00:26:06,880 --> 00:26:10,240 Speaker 2: Okay, so it's one, it's not. We'll get there. The 550 00:26:10,280 --> 00:26:12,040 Speaker 2: aim is to get to ten mcgs. 551 00:26:12,240 --> 00:26:18,679 Speaker 3: This is all, but but George is worth of people 552 00:26:18,680 --> 00:26:20,160 Speaker 3: listen to our podcast last month. 553 00:26:20,440 --> 00:26:24,600 Speaker 2: Okay, well that's big, that's big. That's a stat worth celebrated. 554 00:26:24,640 --> 00:26:26,920 Speaker 3: Do you know what else is worth celebrating Georgia King? 555 00:26:27,080 --> 00:26:28,720 Speaker 2: Oh, here we go. I know what you're gonna say. 556 00:26:28,840 --> 00:26:30,200 Speaker 2: You do what, Victoria? 557 00:26:30,480 --> 00:26:34,320 Speaker 3: Oh shot, Georgia, we got verified on him. 558 00:26:34,520 --> 00:26:38,840 Speaker 2: Yeah, dear willogit the blue tick. You've approved got the 559 00:26:38,840 --> 00:26:39,320 Speaker 2: blue tick. 560 00:26:39,480 --> 00:26:41,720 Speaker 3: So Brian John has the blue tick. No one really 561 00:26:41,760 --> 00:26:43,879 Speaker 3: knows how we got it, but he's got it. So 562 00:26:43,960 --> 00:26:46,520 Speaker 3: now we're as cool as Ryan John. Yay? 563 00:26:46,560 --> 00:26:47,720 Speaker 2: Do you have one? Personally? 564 00:26:47,840 --> 00:26:48,679 Speaker 3: Absolutely not. 565 00:26:49,960 --> 00:26:53,200 Speaker 2: But so if you love the pod, don't forget. We're 566 00:26:53,240 --> 00:26:54,080 Speaker 2: also on YouTube. 567 00:26:54,280 --> 00:26:56,520 Speaker 3: We are if you love the pod, We're on YouTube, 568 00:26:56,520 --> 00:26:59,720 Speaker 3: We're on Instagram, we're on TikTok, and George is not 569 00:26:59,760 --> 00:27:03,840 Speaker 3: gonna mention it. But we put together an absolutely delightful 570 00:27:03,920 --> 00:27:09,280 Speaker 3: newsletter where Georgia shares tips, tricks, her unsolicited recommendations, what's 571 00:27:09,320 --> 00:27:11,879 Speaker 3: going on in the community, and every week a really 572 00:27:11,960 --> 00:27:14,200 Speaker 3: short summary of what actually happened on the pod. So 573 00:27:14,359 --> 00:27:16,639 Speaker 3: if you missed out a bit of a recap, you 574 00:27:16,720 --> 00:27:18,280 Speaker 3: get the juicy, juicy recap. 575 00:27:18,400 --> 00:27:21,680 Speaker 2: So let's get very silly, very fun. Okay, so everyone 576 00:27:21,840 --> 00:27:26,160 Speaker 2: is dying to know Victoria, what is your worst financial 577 00:27:26,240 --> 00:27:29,080 Speaker 2: habit by Yeah. 578 00:27:28,800 --> 00:27:32,480 Speaker 3: Everybody has bad habits. Yeah, I actually get quite frustrated 579 00:27:32,520 --> 00:27:34,600 Speaker 3: when people put me up on a pedestal as being 580 00:27:34,600 --> 00:27:37,320 Speaker 3: the absolute og of money, because at the end of 581 00:27:37,359 --> 00:27:40,320 Speaker 3: the day, I'm not. Yes, I'm really open about talking 582 00:27:40,400 --> 00:27:43,160 Speaker 3: about it. Yes, I'm really passionate about it. And if 583 00:27:43,160 --> 00:27:46,120 Speaker 3: you say I'm the og of being passionate about financial literacy, 584 00:27:46,280 --> 00:27:48,960 Speaker 3: I'm not going to say no. But if you think 585 00:27:49,000 --> 00:27:51,880 Speaker 3: I've got incredibly good money habits, sorry, I brought two 586 00:27:51,960 --> 00:27:57,280 Speaker 3: oat lattes today in a top I didn't need Toria, Yeah, exactly, exactly, 587 00:27:57,520 --> 00:27:58,800 Speaker 3: So come at me. 588 00:27:59,200 --> 00:28:01,080 Speaker 2: Would you say that it's your worst money habit then, 589 00:28:01,160 --> 00:28:03,320 Speaker 2: just daily non essential spending? 590 00:28:03,600 --> 00:28:06,119 Speaker 3: Yeah, I think I would say that it's just little 591 00:28:06,160 --> 00:28:10,040 Speaker 3: non essential spending that really adds up. Like I genuinely 592 00:28:10,080 --> 00:28:13,159 Speaker 3: didn't need another coffee today, but I felt like I 593 00:28:13,200 --> 00:28:15,199 Speaker 3: needed to get out of the office and just you know, 594 00:28:15,240 --> 00:28:17,159 Speaker 3: have a breather, so I used a coffee as that. 595 00:28:17,640 --> 00:28:19,840 Speaker 3: And I really could be a little bit more thoughtful 596 00:28:19,960 --> 00:28:21,840 Speaker 3: about that and go for a walk around the block 597 00:28:21,920 --> 00:28:24,560 Speaker 3: instead of a walk to Melbourne's Central Yes, but here 598 00:28:24,600 --> 00:28:24,840 Speaker 3: we are. 599 00:28:25,119 --> 00:28:29,360 Speaker 2: You obviously have an amazing suite of knowledge in your head. 600 00:28:29,600 --> 00:28:33,479 Speaker 3: Absolutely, and this isn't coming out of my savings account 601 00:28:33,560 --> 00:28:35,719 Speaker 3: or anything. But it does frustrate me that I do 602 00:28:35,800 --> 00:28:39,479 Speaker 3: things like that sometimes. But I'm not mad about it. 603 00:28:39,560 --> 00:28:40,880 Speaker 3: I just take it as it is. 604 00:28:41,120 --> 00:28:42,640 Speaker 2: What about when you were younger, Like, what was the 605 00:28:42,720 --> 00:28:43,320 Speaker 2: turning point? 606 00:28:43,760 --> 00:28:46,400 Speaker 3: When I was younger, I lived way beyond my means. 607 00:28:46,920 --> 00:28:50,320 Speaker 3: I went into personal debt when I went overseas for UNI, 608 00:28:50,400 --> 00:28:53,960 Speaker 3: and you know, lived my best life. I don't think 609 00:28:53,960 --> 00:28:56,479 Speaker 3: that that was something I regret, because it's a part 610 00:28:56,520 --> 00:28:59,440 Speaker 3: of my money story. I think that going through being 611 00:28:59,480 --> 00:29:02,480 Speaker 3: in debt actually helped me really understand the impact of it, 612 00:29:02,520 --> 00:29:06,040 Speaker 3: the anxiety it brings, how upset it made me, felt 613 00:29:06,080 --> 00:29:09,400 Speaker 3: a lot of shame around that. It made me really embarrassed, 614 00:29:09,520 --> 00:29:12,520 Speaker 3: especially when my friends would talk about their savings and 615 00:29:12,600 --> 00:29:15,719 Speaker 3: I was sitting here with like twenty thousand dollars on 616 00:29:15,760 --> 00:29:19,080 Speaker 3: a personal loan. Yeah, that feels awful, And I know 617 00:29:19,200 --> 00:29:21,400 Speaker 3: how that feels. And that's why I'm so passionate about 618 00:29:21,400 --> 00:29:24,560 Speaker 3: making sure that everyone in our community feels heard and 619 00:29:24,600 --> 00:29:26,920 Speaker 3: feels seen and is actually you know, a part of 620 00:29:27,000 --> 00:29:29,520 Speaker 3: changing their story and not being ashamed of it. Because 621 00:29:29,720 --> 00:29:32,000 Speaker 3: no one chooses to get into debt. So I think 622 00:29:32,040 --> 00:29:35,040 Speaker 3: that for me, there's nothing I would change about my 623 00:29:35,080 --> 00:29:37,200 Speaker 3: money story or what I did when I was younger, 624 00:29:37,240 --> 00:29:39,360 Speaker 3: because it has made me who I am today and 625 00:29:39,440 --> 00:29:43,680 Speaker 3: has helped me understand financial literacy to a deeper level. 626 00:29:43,960 --> 00:29:46,360 Speaker 2: And Yeah, you're able to empathize with our community and 627 00:29:46,400 --> 00:29:48,400 Speaker 2: your clients more, which I think would probably give you 628 00:29:48,440 --> 00:29:49,440 Speaker 2: an edge as well. 629 00:29:49,520 --> 00:29:52,600 Speaker 3: Yeah, and I'm still working towards financial freedom too, like 630 00:29:52,760 --> 00:29:54,960 Speaker 3: I have to come to work every day and earn 631 00:29:54,960 --> 00:29:58,360 Speaker 3: an income because I'm definitely not financially free like Georgia. 632 00:29:58,480 --> 00:30:01,160 Speaker 3: You heard, I just bought a house. Yeah, we have 633 00:30:01,200 --> 00:30:04,760 Speaker 3: a mortgage now the commitment a mortgage and a dog. 634 00:30:04,800 --> 00:30:06,160 Speaker 3: I have a family to provide for. 635 00:30:06,440 --> 00:30:11,040 Speaker 2: You're all grownupul that's a bad habits though, in terms 636 00:30:11,120 --> 00:30:14,280 Speaker 2: of the psychology behind why it is so hard to 637 00:30:14,400 --> 00:30:18,040 Speaker 2: break them, where do we begin, Like why is it 638 00:30:18,080 --> 00:30:18,560 Speaker 2: so hard? 639 00:30:19,000 --> 00:30:23,400 Speaker 3: Because we are humans and humans like to be comfortable, 640 00:30:23,560 --> 00:30:26,600 Speaker 3: And once you've created a habit that you are comfortable with, 641 00:30:27,160 --> 00:30:30,600 Speaker 3: change is too hard, so we are less likely to 642 00:30:30,720 --> 00:30:32,840 Speaker 3: change than we are to stick with. Where we know 643 00:30:33,440 --> 00:30:36,160 Speaker 3: most of us would have heard this historically, and that 644 00:30:36,360 --> 00:30:38,600 Speaker 3: is that it takes twenty one days to break a 645 00:30:38,640 --> 00:30:41,800 Speaker 3: bad habit, which actually hasn't improven, but it seems pretty 646 00:30:41,800 --> 00:30:44,720 Speaker 3: accurate to me, because I feel like that seems like 647 00:30:44,920 --> 00:30:47,760 Speaker 3: enough time for you to get in the really good 648 00:30:47,800 --> 00:30:50,280 Speaker 3: swing of testing things out, like twenty one days without 649 00:30:50,320 --> 00:30:52,440 Speaker 3: an oat latae, and I'd probably forget that I used 650 00:30:52,480 --> 00:30:56,600 Speaker 3: to go and get one. Often bad habits are associated 651 00:30:56,640 --> 00:31:00,960 Speaker 3: with pleasure, though, Georgia and I think that instant gratification 652 00:31:01,080 --> 00:31:05,200 Speaker 3: of buying a new top randomly on a Tuesday that 653 00:31:05,240 --> 00:31:08,920 Speaker 3: you hadn't really thought about and acknowledging that you're potentially 654 00:31:08,960 --> 00:31:11,920 Speaker 3: sabotaging your bigger financial goals by doing this can be 655 00:31:12,120 --> 00:31:14,840 Speaker 3: much harder than actually just stopping yourself from buying top. 656 00:31:15,200 --> 00:31:17,560 Speaker 3: So we're not saying it is easy, but we are 657 00:31:17,600 --> 00:31:19,280 Speaker 3: just saying, how do we be a little bit more 658 00:31:19,320 --> 00:31:21,800 Speaker 3: aware of this and what does that actually look like? 659 00:31:22,400 --> 00:31:24,040 Speaker 3: And sometimes we don't even know that we have a 660 00:31:24,080 --> 00:31:26,520 Speaker 3: bad habit because we actually consider it really normal. And 661 00:31:26,560 --> 00:31:28,960 Speaker 3: I think that we need to acknowledge that behavior is 662 00:31:29,000 --> 00:31:32,280 Speaker 3: an issue that can be helpful in stopping it. And yeah, 663 00:31:32,280 --> 00:31:35,040 Speaker 3: That's where I'm at. Also, stress, like, you don't need 664 00:31:35,080 --> 00:31:38,680 Speaker 3: to stress about money. Life is already hard enough. We 665 00:31:38,800 --> 00:31:42,960 Speaker 3: know that money is the largest stressor of Australian employees, 666 00:31:43,240 --> 00:31:47,800 Speaker 3: which is crazy and completely anticipated from my perspective. So 667 00:31:48,040 --> 00:31:50,840 Speaker 3: rather than acknowledging an issue and leaving our heads buried 668 00:31:50,880 --> 00:31:52,520 Speaker 3: in the sands, like we can create the life that 669 00:31:52,560 --> 00:31:54,800 Speaker 3: we want and stop stressing about money, even if it 670 00:31:54,800 --> 00:31:57,360 Speaker 3: means that we are less stressed about money because we're 671 00:31:57,360 --> 00:31:59,440 Speaker 3: just talking about it. Like, we might not be able 672 00:31:59,520 --> 00:32:02,440 Speaker 3: to change our financial situation right now, but a problem 673 00:32:02,480 --> 00:32:03,760 Speaker 3: shared is a problem halved. 674 00:32:03,840 --> 00:32:07,040 Speaker 2: My friends well said, they're v Now, before we do 675 00:32:07,240 --> 00:32:09,920 Speaker 2: head off for today, can you please leave us with 676 00:32:10,000 --> 00:32:13,560 Speaker 2: some final words of wisdom For anyone who's listening, who 677 00:32:13,720 --> 00:32:16,960 Speaker 2: has related to any and or all of the bad 678 00:32:17,000 --> 00:32:19,680 Speaker 2: habits that we've mentioned here, what would you like to 679 00:32:19,800 --> 00:32:20,360 Speaker 2: leave them with? 680 00:32:21,440 --> 00:32:24,320 Speaker 3: I think we need to understand that we can make small, 681 00:32:24,400 --> 00:32:28,120 Speaker 3: sustainable changes that impact our stress levels and our lives 682 00:32:28,160 --> 00:32:30,800 Speaker 3: on a really, really deep level. And I would use 683 00:32:30,840 --> 00:32:33,000 Speaker 3: the quote from little things Big Things Grow, but I 684 00:32:33,120 --> 00:32:34,720 Speaker 3: use that too much, so I'm not going to use that, 685 00:32:34,760 --> 00:32:37,400 Speaker 3: And I'm just going to say that talking about it 686 00:32:37,440 --> 00:32:41,200 Speaker 3: and sharing problems and sharing just conversation about money can 687 00:32:41,240 --> 00:32:45,040 Speaker 3: actually make that weight feel a little less heavy, and 688 00:32:45,160 --> 00:32:47,560 Speaker 3: especially after the year that we had last year, which 689 00:32:47,760 --> 00:32:50,160 Speaker 3: I think weighed really heavily on other people. We just 690 00:32:50,200 --> 00:32:52,160 Speaker 3: don't need to add to that, like, let's just be 691 00:32:52,280 --> 00:32:55,480 Speaker 3: kind to ourselves. It's Valentine's Day and I think that's 692 00:32:55,520 --> 00:32:57,600 Speaker 3: just about showing yourself a lot of self love. 693 00:32:57,960 --> 00:33:01,240 Speaker 2: Well said Vicki D Just before. 694 00:33:00,960 --> 00:33:03,160 Speaker 3: We head off, we'd like to acknowledge and pay respects 695 00:33:03,200 --> 00:33:07,120 Speaker 3: to Australia's Aboriginal and torri Straight Islander people's, the traditional 696 00:33:07,120 --> 00:33:10,240 Speaker 3: custodians of the lands, the waterways and the skies all 697 00:33:10,280 --> 00:33:13,360 Speaker 3: across Australia. We thank you for sharing and for caring 698 00:33:13,400 --> 00:33:15,840 Speaker 3: on the land which we are able to learn. We 699 00:33:15,880 --> 00:33:18,400 Speaker 3: pay our respects to elders past and present, and we 700 00:33:18,440 --> 00:33:20,480 Speaker 3: share our friendship and our kindness. 701 00:33:21,240 --> 00:33:24,120 Speaker 2: And please remember that the advice sheared on She's on 702 00:33:24,160 --> 00:33:26,680 Speaker 2: the Money is general in nature and does not consider 703 00:33:26,720 --> 00:33:30,400 Speaker 2: your individual circumstances. She's on the Money exists purely for 704 00:33:30,560 --> 00:33:33,360 Speaker 2: educational purposes and should not be relied upon to make 705 00:33:33,400 --> 00:33:35,760 Speaker 2: an investment or a financial decision. 706 00:33:36,080 --> 00:33:41,960 Speaker 3: Educational and meet for sure, we're funny funny gal ariy 707 00:33:42,000 --> 00:33:42,560 Speaker 3: on media rap. 708 00:33:42,800 --> 00:33:46,360 Speaker 2: We promise that Victoria Divine is an authorized representative of 709 00:33:46,400 --> 00:33:50,520 Speaker 2: Australia Pacific Funds Management Proprietary Limited ABN three four one 710 00:33:50,520 --> 00:33:54,240 Speaker 2: through two four six, three two two five seven FSL 711 00:33:54,440 --> 00:33:57,720 Speaker 2: three through nine one five one and big thanks to 712 00:33:58,040 --> 00:34:01,480 Speaker 2: Ryan Beck and Jess our producer does so pling it 713 00:34:01,520 --> 00:34:01,960 Speaker 2: all together. 714 00:34:02,240 --> 00:34:05,360 Speaker 3: They are actual wizards. They are pressed with them. Honestly, 715 00:34:05,520 --> 00:34:08,280 Speaker 3: She's in the money. Would not happen without any of them, 716 00:34:08,320 --> 00:34:10,800 Speaker 3: which is kind of stands no longer just us tweaking. 717 00:34:11,640 --> 00:34:13,920 Speaker 2: We need them, We need the crew. Ye imagine us 718 00:34:13,960 --> 00:34:14,560 Speaker 2: trying to edit. 719 00:34:14,880 --> 00:34:18,480 Speaker 3: Oh my gosh, we don't even hot mess when we 720 00:34:18,520 --> 00:34:21,040 Speaker 3: try to podcast on our own right now, guys, we 721 00:34:21,080 --> 00:34:24,239 Speaker 3: do have two producers sitting with us. When we podcast 722 00:34:24,239 --> 00:34:25,960 Speaker 3: on our own at my house, we end up with 723 00:34:25,960 --> 00:34:26,800 Speaker 3: a bottle of red. 724 00:34:26,920 --> 00:34:27,640 Speaker 2: That was fun. 725 00:34:27,760 --> 00:34:32,480 Speaker 3: We need to be controlled anyway, See you next week, guys. 726 00:34:32,600 --> 00:34:33,320 Speaker 2: Bye, guys,