WEBVTT - Introducing...Bec Syed! 0:00:00.680 --> 0:00:04.920 Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr 0:00:04.960 --> 0:00:08.680 the Order Kerni Whoalbury and a waddery woman. And before 0:00:08.680 --> 0:00:11.160 we get started on She's on the Money podcast, I 0:00:11.160 --> 0:00:14.319 would like to acknowledge the traditional custodians of the land 0:00:14.400 --> 0:00:17.720 of which this podcast is recorded on a wondery country, 0:00:18.120 --> 0:00:22.240 acknowledging the elders, the ancestors and the next generation coming 0:00:22.320 --> 0:00:26.960 through as this podcast is about connecting, empowering, knowledge sharing 0:00:27.080 --> 0:00:30.120 and the storytelling of you to make a difference for 0:00:30.240 --> 0:00:32.640 today and lasting impact for tomorrow. 0:00:33.320 --> 0:00:34.120 Let's get into it. 0:00:34.760 --> 0:00:47.920 She's on the Money, She's on the Money. 0:00:57.800 --> 0:01:00.840 Hello, and welcome to She's on the Money, the podcast 0:01:00.840 --> 0:01:04.640 for millennials who want financial freedom. Today is Friday, which 0:01:04.680 --> 0:01:06.320 means it is time to get the team together and 0:01:06.360 --> 0:01:10.120 celebrate you our incredible She's on the Money community. And 0:01:10.400 --> 0:01:12.960 before we get there, we're just letting you know one, 0:01:13.040 --> 0:01:17.360 welcome to twenty twenty three whew. But two, we're shaking 0:01:17.480 --> 0:01:20.440 up the format of our Friday episodes to make them 0:01:20.480 --> 0:01:23.880 more engaging and wait wait, more juicier. So today, not 0:01:23.920 --> 0:01:26.280 only will we be sharing our favorite money wins, which 0:01:26.440 --> 0:01:28.400 just does as always we were never going to cut 0:01:28.400 --> 0:01:30.920 that part out. We'll be helping to answer a juicy 0:01:30.959 --> 0:01:33.920 money question, which this week is all about superannuation, but 0:01:34.000 --> 0:01:37.120 we are also going to unpack a spicy money dilemma 0:01:37.200 --> 0:01:40.680 one of our community members has had recently about sharing 0:01:40.800 --> 0:01:43.800 money and sharing an emergency fund with her partner. 0:01:44.120 --> 0:01:45.440 So we'll get to all of that. 0:01:45.560 --> 0:01:49.520 But before we get there, miss jessic RICI, welcome back. 0:01:49.720 --> 0:01:52.760 I'm so excited that we're here doing more pods. 0:01:52.880 --> 0:01:55.560 Oh my gosh, happy news here everybody. 0:01:55.240 --> 0:01:59.880 My gosh, she knew. Who's that? Who's that? Who were 0:01:59.800 --> 0:02:00.840 we you? Oh? 0:02:01.000 --> 0:02:03.040 Sorry, I just I snuck in here. 0:02:03.280 --> 0:02:06.520 My name is Beck, sired and I believe I am 0:02:06.600 --> 0:02:07.640 joining your team this year. 0:02:07.720 --> 0:02:08.120 I don't know. 0:02:10.000 --> 0:02:13.280 She made it obvious before. She hasn't signed anything, and 0:02:13.320 --> 0:02:15.440 I was like, oh, it's probably good for both of us, sir, 0:02:16.000 --> 0:02:17.200 so not bad, not bad. 0:02:17.280 --> 0:02:19.320 But this is a decider this episode right here. 0:02:19.440 --> 0:02:22.200 Yeah. If Jess doesn't agree, we'll have to talk after 0:02:22.240 --> 0:02:25.960 the show. So perform. Well, Beck, welcome to the show. 0:02:26.320 --> 0:02:28.720 Thank you so much. It's really nice to be here 0:02:28.760 --> 0:02:29.360 with you both. 0:02:29.400 --> 0:02:32.919 Oh my gosh. Beck. Obviously the community knows Jess because 0:02:33.040 --> 0:02:35.960 Jesse is our dy money queen. Also, they know me, 0:02:36.080 --> 0:02:37.600 but they don't know you. Can you do like a 0:02:37.600 --> 0:02:40.520 little introduction, like we're going around in circles and you're 0:02:40.560 --> 0:02:42.240 put on the spot and have to be like, oh, hi, 0:02:42.320 --> 0:02:44.120 my name's Beck, and these are my hobbies and these 0:02:44.160 --> 0:02:45.799 are my interests and this is what I do for work, 0:02:45.960 --> 0:02:48.720 Like ready, set go, okay, wow, pressures on. 0:02:48.960 --> 0:02:50.920 This is the you know when you start like a 0:02:50.960 --> 0:02:53.520 new job or something, and they ask you these Honest, 0:02:54.880 --> 0:02:57.280 I'm not prepared and I but I was going to 0:02:57.320 --> 0:03:01.640 say that I really really hate these kind of questions. 0:03:02.080 --> 0:03:04.280 That's why we're asking you, not vice versa. That's why 0:03:04.639 --> 0:03:07.040 volunteer Jess or I to answer first. I'm going to 0:03:07.120 --> 0:03:08.800 do a surprise one on both of you. Are okay, 0:03:09.120 --> 0:03:10.359 but no, just kidding, I won't. 0:03:10.440 --> 0:03:11.280 But my name's Beck. 0:03:11.440 --> 0:03:14.799 Of course, as you guys know, and hopefully everyone listening 0:03:14.880 --> 0:03:16.640 now knows, I've worked. 0:03:16.360 --> 0:03:20.160 With you guys, but behind the scenes about. 0:03:19.919 --> 0:03:24.000 It about a year I could say, Yeah, we were 0:03:24.040 --> 0:03:26.760 like Beck has big beck energy, we need be on 0:03:26.800 --> 0:03:27.160 the pod. 0:03:27.440 --> 0:03:31.000 B BB just kind of crept up on me. And 0:03:31.000 --> 0:03:32.480 I'm really really stoked about it. 0:03:32.520 --> 0:03:34.320 Oh, I'm so excited that you love these. 0:03:34.480 --> 0:03:36.240 I'm so excited. 0:03:36.560 --> 0:03:38.520 I've done a little bit basically, you know, to give 0:03:38.560 --> 0:03:42.960 everyone context, I've not done anything in the radio world before, 0:03:43.080 --> 0:03:46.200 but I've worked basically, I've worked in radio, just not 0:03:46.520 --> 0:03:49.200 kind of behind the mic, and I've recorded demos with 0:03:49.240 --> 0:03:51.160 you guys before and all this kind of stuff, So 0:03:51.160 --> 0:03:53.360 I guess it kind of it makes sense on paper 0:03:53.680 --> 0:03:55.040 that you get to go here, that. 0:03:55.040 --> 0:03:56.960 I'm here now, Well, it's just because. 0:03:56.720 --> 0:03:59.120 You're nice, Like you weren't picked because you worked in radio. 0:04:00.200 --> 0:04:02.160 I mean when we met, because you worked in radio. 0:04:02.560 --> 0:04:06.200 But then we're like, that's SOMEVB, that's BBA. 0:04:05.160 --> 0:04:07.040 Come on the pod. 0:04:07.440 --> 0:04:10.080 What about your money knowledge? Are you a financial advisor? 0:04:10.120 --> 0:04:13.480 You mortgage broker? Did you go do maths at university? 0:04:13.720 --> 0:04:13.800 Like? 0:04:13.880 --> 0:04:14.560 Where are we at? 0:04:14.720 --> 0:04:17.240 Oh no, I don't think you're gonna like this, But 0:04:17.560 --> 0:04:21.240 I have no idea what I'm doing financially right now. 0:04:21.279 --> 0:04:24.240 I have minus seventeen dollars in my bank account and 0:04:24.520 --> 0:04:29.000 I have previously been bankrupt, so I guess I'm starting 0:04:29.000 --> 0:04:29.560 from scratch. 0:04:29.720 --> 0:04:33.360 I love this. When Jess joined that she's on the 0:04:33.400 --> 0:04:35.680 money team, she was doing very well on her own, 0:04:35.720 --> 0:04:38.160 so I'm not saying that the circumstances are the same, 0:04:38.400 --> 0:04:40.240 but I feel like Jess joined him, Like Victoria, I 0:04:40.240 --> 0:04:42.360 don't know about being on the podcast. I have no idea, 0:04:42.400 --> 0:04:44.880 And now I basically am redundant on a lot of 0:04:44.920 --> 0:04:47.279 the podcast because Jess could run it for me, because 0:04:47.279 --> 0:04:52.440 she's basically smarter than me. Now done, I would because 0:04:52.480 --> 0:04:54.680 sometimes just would be like, oh, hey, they just want 0:04:54.680 --> 0:04:56.719 to run this past you because we're doing something for work, 0:04:56.920 --> 0:04:58.920 and I'll be like, yeah, that's actually much better than 0:04:58.920 --> 0:05:01.440 what I could have produced. So I'll just see myself 0:05:01.560 --> 0:05:05.240 at Wow. I have high hopes. But also I'm so 0:05:05.240 --> 0:05:07.520 so excited to have you on the team, not only 0:05:07.520 --> 0:05:09.359 because I know the community is going to love you, 0:05:09.760 --> 0:05:11.720 not only because you don't have a lot of financial 0:05:11.800 --> 0:05:14.919 knowledge yet, but because I'm just putting myself in the 0:05:14.920 --> 0:05:17.600 control seat here. I get to be on this journey 0:05:17.640 --> 0:05:19.120 with you, or we all get to be on this 0:05:19.200 --> 0:05:22.159 journey with you of educating you and getting your budget 0:05:22.240 --> 0:05:25.200 up to scratch and like talking about investing and savings 0:05:25.480 --> 0:05:27.520 and Beck we just recorded in an episode that's going 0:05:27.600 --> 0:05:31.160 to drop next week about lipstick index and recession, and 0:05:31.360 --> 0:05:34.039 I think the thing that I loved about your involvement 0:05:34.080 --> 0:05:36.800 in that episode, was you just being like, what's a recession? Like, 0:05:36.839 --> 0:05:39.160 I just I don't know where I'm at. And as 0:05:39.240 --> 0:05:40.840 much as a lot of our shees on the money 0:05:40.839 --> 0:05:43.720 community has been with us for three years and would go, oh, 0:05:43.800 --> 0:05:46.719 I know what that is. Our community is always growing 0:05:46.760 --> 0:05:48.599 and always evolving and there are going to be so 0:05:48.760 --> 0:05:51.200 many people that are exactly in the same position as 0:05:51.240 --> 0:05:53.680 you that maybe reset a goal for twenty twenty three 0:05:53.760 --> 0:05:56.039 to absorb more money. Content would have been thinking that. 0:05:56.400 --> 0:05:59.320 So I feel like your job, my friend big Boots, 0:05:59.320 --> 0:06:03.400 to feel you're the voice of the community. Ah okay, 0:06:03.480 --> 0:06:06.160 I hope that you do them justice. I hope so, sir, 0:06:06.520 --> 0:06:08.680 But I know you will because I'm so excited to 0:06:08.680 --> 0:06:11.200 have you on the team, and I know Jesse's as well. Yes, 0:06:11.480 --> 0:06:15.120 but Jess g Ricci is your time to shine. We 0:06:15.160 --> 0:06:17.520 were speaking about the community and Jess spends a lot 0:06:17.560 --> 0:06:19.560 of time in the community and solving all their money 0:06:19.560 --> 0:06:23.120 wins and confessions and chatting to them basically every single day. So, Jess, 0:06:23.360 --> 0:06:26.239 I want a quick whip around, what are your favorite 0:06:26.240 --> 0:06:28.720 money wins and confessions that you've dragged out of our 0:06:28.720 --> 0:06:29.960 community from this week? 0:06:30.080 --> 0:06:32.599 All right, first one comes from our friend Lindsey, and 0:06:32.600 --> 0:06:34.520 I feel like this is a very timely reminder. At 0:06:34.520 --> 0:06:36.479 the start of the yar, she says, I finally bit 0:06:36.480 --> 0:06:39.600 the bullet and reviewed my insurance with the staff discounts 0:06:39.640 --> 0:06:41.520 I get moving my insurance to where I work. I've 0:06:41.560 --> 0:06:43.880 saved almost one hundred and sixty dollars a month across 0:06:43.920 --> 0:06:46.719 our two cars and contents insurance. Is that time of 0:06:46.800 --> 0:06:49.919 year everyone's renewing, They're coming around. They've probably jacked the 0:06:49.960 --> 0:06:53.000 prices up. They always do, they always do. Yeah, I 0:06:53.040 --> 0:06:54.719 was about to say, isn't that what happened to you? 0:06:54.760 --> 0:06:56.279 And you called them and you just got a discount 0:06:56.320 --> 0:06:58.800 immediately exactly. And if you need help, there's a script 0:06:58.800 --> 0:07:01.040 on our website if you're a little don't like being 0:07:01.040 --> 0:07:03.520 on the phone, can relate, read it word for word 0:07:03.640 --> 0:07:05.320 and hopefully they'll knock it back down for you. 0:07:05.400 --> 0:07:07.680 I was talking about this on TikTok the other day 0:07:07.720 --> 0:07:10.720 because someone said as like a question on one of 0:07:10.760 --> 0:07:13.160 my videos, like, oh, well, how do I deal with this? 0:07:13.240 --> 0:07:15.760 And I think a lot of the time the responses are, oh, 0:07:16.000 --> 0:07:18.280 just like have big dog energy and just tell them no, 0:07:18.680 --> 0:07:21.120 Like if you've got to like negotiate something or change something. 0:07:21.240 --> 0:07:24.640 I'm not like that, like, yeah, exactly. If I have 0:07:24.720 --> 0:07:27.000 a big conversation to have, or a conversation that I 0:07:27.040 --> 0:07:29.280 believe is going to be big for me, I actually 0:07:29.320 --> 0:07:30.840 want a little bit of like a script to follow, 0:07:31.000 --> 0:07:33.440 Like if I'm asking for a discount for my insurance 0:07:33.520 --> 0:07:35.080 or something, I don't just want to go into it 0:07:35.120 --> 0:07:37.080 completely blind and go, oh, well, I just called an 0:07:37.080 --> 0:07:39.240 asked for a discount, Like I'm not that girl. I 0:07:39.320 --> 0:07:40.960 need the script to be like, hey, I just want 0:07:41.000 --> 0:07:43.040 to chat about this, like I do know it can 0:07:43.080 --> 0:07:45.440 be really simple, but just having that in front of 0:07:45.480 --> 0:07:47.000 you while you make the call can make you feel 0:07:47.080 --> 0:07:49.080 so much more empowered, which is why we wrote it, 0:07:49.160 --> 0:07:51.640 jess And it just puts you back in the control seat. 0:07:51.720 --> 0:07:53.320 So don't feel bad if you don't have the big 0:07:53.320 --> 0:07:55.920 dog energy that everybody else on TikTok seems to have 0:07:55.960 --> 0:07:58.840 where they just negotiate off the bat like not everyone 0:07:58.920 --> 0:08:01.280 is like that, no all, and definitely check to see 0:08:01.320 --> 0:08:03.680 if your premiums went up. Kids next win comes from 0:08:03.800 --> 0:08:06.480 Jessica great Name, who said I just applied for the 0:08:06.520 --> 0:08:09.800 new South Wales Creative Kids and Active Kids vouchers. Now 0:08:09.880 --> 0:08:12.600 I have another child enrolled in school. It's one hundred 0:08:12.640 --> 0:08:14.920 dollars voucher that you each get, so four hundred dollars 0:08:14.920 --> 0:08:17.320 in total for two kids that can go towards dance fees. 0:08:17.520 --> 0:08:20.160 Dances expensive, So that's a massive win. What I didn't 0:08:20.200 --> 0:08:22.040 even know that existed. Do you know if there's something 0:08:22.160 --> 0:08:24.560 like in Victoria or in other states that is similar. 0:08:24.840 --> 0:08:26.280 I don't know off the top of my head, but 0:08:26.280 --> 0:08:28.840 I would say to people definitely check your local government 0:08:28.880 --> 0:08:31.080 website because I know that there were things like this 0:08:31.120 --> 0:08:33.400 when I was a kid. They're trying to encourage active 0:08:33.440 --> 0:08:36.199 living and you know, kids getting out and doing fun things, 0:08:36.240 --> 0:08:38.480 which can be super expensive. So have a look at 0:08:38.480 --> 0:08:40.600 your local state website. And if you're in New South Wales, 0:08:40.679 --> 0:08:42.520 I would be applying that is. 0:08:42.559 --> 0:08:44.679 If you've got kids getting on that that sounds a 0:08:44.720 --> 0:08:46.760 lot like free money to me, and I love. 0:08:46.679 --> 0:08:47.920 Free love, free money. 0:08:48.559 --> 0:08:51.199 All next win comes from Lazar, who said I made 0:08:51.200 --> 0:08:53.719 a resolution to put twenty four hours between my non 0:08:53.840 --> 0:08:57.320 essential purchases, put two outfits in my basket, waited until 0:08:57.320 --> 0:08:59.520 the next day, and was rewarded with a twenty percent 0:08:59.559 --> 0:09:00.600 off sale money. 0:09:00.640 --> 0:09:03.640 When I feel like that often happens. The other thing 0:09:03.679 --> 0:09:06.760 that I think happens sometimes is like retail is quite smart, right, 0:09:06.840 --> 0:09:09.080 so they can see that you put those things in 0:09:09.120 --> 0:09:11.680 your bas yes, right, and then they're like, oh my gosh, 0:09:11.720 --> 0:09:14.560 like Beck didn't check out. I wonder what it was. 0:09:14.600 --> 0:09:16.360 Maybe we need to send you a little carrot to 0:09:16.360 --> 0:09:18.480 get her to check out. And then they send you 0:09:18.520 --> 0:09:20.360 like ten or twenty percent off because they're like, oh, 0:09:20.360 --> 0:09:22.839 did you forget your basket? His little carrot to get 0:09:22.880 --> 0:09:25.800 you to go through with the sale works every time, exactly. 0:09:26.040 --> 0:09:29.160 So definitely, leaving twenty four hours between you and making 0:09:29.160 --> 0:09:31.520 an online purchase not bad. Double that up with your 0:09:31.520 --> 0:09:34.200 shop back, and we're just basically now making money. 0:09:34.559 --> 0:09:35.160 Yeah, exactly. 0:09:37.200 --> 0:09:39.600 Next one I have for you comes from Rhiannon, who says, 0:09:39.640 --> 0:09:41.480 I made my husband call out bank to see if 0:09:41.480 --> 0:09:43.280 they could do better with our interest rate on our 0:09:43.320 --> 0:09:46.160 mortgage and they got it down over one percent. Thank 0:09:46.200 --> 0:09:47.720 you Kate from Zeala money for the tip. 0:09:47.840 --> 0:09:50.600 Oh was that actually? Oh? I love that. That's Kate 0:09:50.640 --> 0:09:53.400 from our team. And do you know what getting your 0:09:53.440 --> 0:09:56.520 mortgage down one percent in this current economic environment, that's 0:09:56.600 --> 0:09:57.240 big dog. 0:09:57.160 --> 0:09:58.840 Energy, Big dog energy. 0:09:58.920 --> 0:10:00.839 I feel like I need to stop s big dog energy, 0:10:00.840 --> 0:10:02.840 but like, that's the energy I chose to take into 0:10:02.840 --> 0:10:03.640 twenty twenty three. 0:10:03.720 --> 0:10:05.320 I mean, else, who do you explain it? 0:10:05.520 --> 0:10:08.400 B b E b B BECK energy, Like that's what 0:10:08.440 --> 0:10:09.280 we want to embrace. 0:10:09.559 --> 0:10:12.280 Well, my very last win for this week definitely embraces 0:10:12.320 --> 0:10:15.040 the bd bb E energy. It comes from Peter And 0:10:15.080 --> 0:10:18.840 she said, my first year debt free since domestic violence. 0:10:18.920 --> 0:10:21.040 I have over two hundred dollars a week in my 0:10:21.120 --> 0:10:23.400 pocket now, And I just wanted to say, Peter, I'm 0:10:23.440 --> 0:10:26.520 so proud and so excited for you. That is freaking incredible, amazing, 0:10:26.600 --> 0:10:28.480 What a good way to start the r p B 0:10:28.640 --> 0:10:31.040 E for sure, Oh my gosh, I love that. 0:10:31.040 --> 0:10:33.040 That is actually such a wholesome way to end the 0:10:33.040 --> 0:10:36.400 community money wins. As always, I have loved hearing them, 0:10:36.480 --> 0:10:38.360 and I think in addition to bb we're going to 0:10:38.400 --> 0:10:41.720 add WWJD. And like I think a lot of people 0:10:41.760 --> 0:10:43.920 are like, oh, what would Jesus do? No, no enough, 0:10:44.679 --> 0:10:46.680 what would just would just do? And I feel like 0:10:46.760 --> 0:10:48.600 that's a good way to live your life. In twenty 0:10:48.600 --> 0:10:49.200 twenty three. 0:10:49.200 --> 0:10:51.520 I ask myself that every single time I'm going. 0:10:51.520 --> 0:10:54.240 To get a bracelets made like everybody is really on 0:10:54.280 --> 0:10:56.079 top of this. All right, let's go to a quick 0:10:56.120 --> 0:10:58.080 break and after the break, we're going to be answering 0:10:58.120 --> 0:11:00.760 your juicy money question about stuperrenuation, and we're also going 0:11:00.800 --> 0:11:03.240 to be talking about hiding your savings from your partner. 0:11:03.520 --> 0:11:04.839 Don't go anywhere. 0:11:09.480 --> 0:11:12.240 Welcome back to our shining New Friday with our shining 0:11:12.280 --> 0:11:15.120 new team member. I hope you guys are enjoying bb 0:11:15.559 --> 0:11:16.800 BB for sure. 0:11:17.000 --> 0:11:17.920 I'm loving this. 0:11:19.559 --> 0:11:19.840 On me. 0:11:20.000 --> 0:11:21.600 I love this guys. 0:11:21.640 --> 0:11:23.440 I think we have a really fun money dilemma to 0:11:23.520 --> 0:11:24.959 answer today. Should we take a listen? 0:11:25.080 --> 0:11:25.280 Yes? 0:11:25.360 --> 0:11:25.959 Please go. 0:11:28.280 --> 0:11:30.640 Hi there. Have you got a money dilemma you just 0:11:30.679 --> 0:11:33.200 can't solve? The She's on the Money team is here 0:11:33.240 --> 0:11:36.480 to help. Every week we tackle your dilemmas, both big 0:11:36.520 --> 0:11:39.240 and small, to answer your most burning money, career and 0:11:39.280 --> 0:11:42.480 life questions. To get involved, simply head to our website 0:11:42.480 --> 0:11:44.640 and leave us a short voice recording and you might 0:11:44.679 --> 0:11:47.240 just find yourself on the show. Now, let's take a 0:11:47.280 --> 0:11:49.040 listen to this week's money dilemma. 0:11:50.600 --> 0:11:53.160 Hey you v and happy near to the She's on 0:11:53.200 --> 0:11:54.079 the Money fanbam. 0:11:54.240 --> 0:11:55.240 I love you guys. 0:11:55.320 --> 0:11:57.360 This is the most amazing community. 0:11:57.800 --> 0:11:58.559 My name's loan. 0:11:58.840 --> 0:12:01.880 I recently scored a great opportunity at my work, which 0:12:01.920 --> 0:12:06.360 equals to more money and some commission. I'm super excited, 0:12:06.600 --> 0:12:08.960 but it got me thinking. Up until now, all of 0:12:09.000 --> 0:12:13.320 my super has been going into a retail worker like 0:12:13.800 --> 0:12:17.720 specific super fun. But now I'm not working in retail anymore. 0:12:17.800 --> 0:12:19.680 I'm making more money. I'm wondering if this is the 0:12:19.679 --> 0:12:23.120 best option for me. So my money dilemma is where 0:12:23.120 --> 0:12:25.520 do I go to find good super advice because I'm 0:12:25.559 --> 0:12:29.080 super confused. Is this something a financial adviser would be 0:12:29.080 --> 0:12:30.960 able to help me with? Or where do I go? 0:12:31.320 --> 0:12:33.440 Thank you so much for helping me out. 0:12:33.960 --> 0:12:36.920 They loved the little pun she slipped on a mess. 0:12:36.960 --> 0:12:37.439 I love that. 0:12:37.480 --> 0:12:39.600 She was like, I love you guys. I'm like, I 0:12:39.640 --> 0:12:42.480 love you do Lauren? I really sweet? Also, how good 0:12:42.520 --> 0:12:44.200 is it she got a new job and now she 0:12:44.200 --> 0:12:46.880 gets commissions. I have so much to say about budgeting 0:12:46.960 --> 0:12:49.000 and like living on your base salary and then using 0:12:49.040 --> 0:12:51.600 your commissions to save and invest and create financial freedom. 0:12:51.679 --> 0:12:56.000 But that wasn't actually what the question was about, yess So, Jess, 0:12:56.080 --> 0:12:58.880 as I said before, Beck, basically a finance wizard. Where 0:12:58.880 --> 0:13:00.920 would you start, jess Oh. 0:13:01.080 --> 0:13:04.360 I feel like, she's definitely right in the looking at 0:13:04.400 --> 0:13:06.640 the different super options out there is a way to start, 0:13:06.679 --> 0:13:08.960 because I was the same I started in retail. I 0:13:08.960 --> 0:13:11.520 remember when you reviewed my super V you were like, oh, 0:13:11.520 --> 0:13:12.960 who are you with? And I was like blah blah blah, 0:13:12.960 --> 0:13:15.720 and you were like and I was like what, And 0:13:15.760 --> 0:13:16.920 You're like, they're not good? 0:13:17.880 --> 0:13:20.640 But also they weren't good. It's not to say that 0:13:20.760 --> 0:13:23.920 all fun but I think. 0:13:23.960 --> 0:13:26.079 A lot of the time potentially they're just kind of 0:13:26.080 --> 0:13:28.959 going one size fits all, right, And you have thousands, 0:13:29.160 --> 0:13:32.400 arguably of employees working across the country for a retail company. 0:13:33.040 --> 0:13:34.719 If you're picking one super fun for all of them, 0:13:35.120 --> 0:13:36.800 very good chance that it's not going to work for everyone. 0:13:37.200 --> 0:13:40.079 So I guess the place to type would be the Google. 0:13:40.360 --> 0:13:45.640 The Google yaht Google seems like a good before I respect, 0:13:45.679 --> 0:13:46.200 What would you do? 0:13:46.679 --> 0:13:48.320 What do you do about your super funny? 0:13:48.360 --> 0:13:48.920 You ask V? 0:13:49.120 --> 0:13:51.520 Because I actually used to work in super You did 0:13:51.559 --> 0:13:53.080 not disclose that in your interview. 0:13:53.280 --> 0:13:57.240 I know when we said earlier on the podcast, like, oh, 0:13:57.280 --> 0:14:00.600 what do you ring to the table? You financial adviser, 0:14:00.640 --> 0:14:02.800 You're like, nah, I was broke, and we were like, oh, okay, 0:14:02.880 --> 0:14:06.080 no worries. Thanks for sharing. Now, Now, Jess, she's like, oh, yeah, 0:14:06.120 --> 0:14:07.960 actually I used to work in super anyway. 0:14:07.760 --> 0:14:10.920 Financial advisor. No, I was scared I would be too 0:14:10.960 --> 0:14:14.600 qualified for this position. Oh I didn't mention it, but no, 0:14:14.679 --> 0:14:16.360 I used to work in super and I kind of realized, 0:14:16.400 --> 0:14:18.000 I don't know if everyone else has this as well, 0:14:18.000 --> 0:14:21.280 but i'd like seven different super accounts a really common 0:14:21.600 --> 0:14:24.240 really and so like I really didn't know who to 0:14:24.280 --> 0:14:26.200 go for. But yeah, I just googled it and it 0:14:26.360 --> 0:14:28.080 was like, you know, you know, you get the I 0:14:28.080 --> 0:14:30.520 don't know what's it can Star or something. Yeah, yeah, 0:14:30.560 --> 0:14:32.600 I just like went to the number one. I didn't 0:14:32.600 --> 0:14:34.800 even check anything. I just thought, that's the number one 0:14:34.920 --> 0:14:37.120 super company. I'm going to go with that one. 0:14:37.200 --> 0:14:41.600 And so that essays don't do that. 0:14:40.240 --> 0:14:44.320 That is actually exactly what we're not going to do. 0:14:44.680 --> 0:14:46.640 So we're not going to do that. And I'll give 0:14:46.680 --> 0:14:49.240 you a reason why because I think in your situation, 0:14:49.360 --> 0:14:53.040 and that makes so much sense, right because cancer that's reputable. 0:14:53.120 --> 0:14:53.240 Right. 0:14:53.280 --> 0:14:55.440 They give other companies like awards and stuff for being 0:14:55.480 --> 0:14:57.440 the best super company, and I would think that that's 0:14:57.480 --> 0:14:59.640 really good. The thing you want to be aware of 0:14:59.640 --> 0:15:02.040 and I'm not saying that can Star is bad. Finder 0:15:02.200 --> 0:15:04.440 is the same, though. The thing that I would want 0:15:04.480 --> 0:15:07.200 you to know about that is they are actually basically 0:15:07.280 --> 0:15:10.200 an advertising company. So obviously they do lots of other things, 0:15:10.400 --> 0:15:14.000 but superannuation companies pay them to appear on the tops 0:15:14.000 --> 0:15:17.920 of their charts or be in their articles or yeah exactly. 0:15:18.240 --> 0:15:21.320 So from my perspective, yeah, there might be a fine 0:15:21.360 --> 0:15:24.600 super company because legitimate super companies they do advertise to 0:15:24.600 --> 0:15:27.800 get more clients like you, Beck. But what you probably 0:15:27.840 --> 0:15:31.720 didn't realize is that that quote best super company came 0:15:31.800 --> 0:15:34.720 up because they were very likely paying for that ad space, 0:15:35.080 --> 0:15:38.040 and that's what got you. That doesn't necessarily mean that 0:15:38.080 --> 0:15:41.280 you're in the best position. So I would also go 0:15:41.360 --> 0:15:43.440 back to what Jess said and use the Google. But 0:15:43.520 --> 0:15:45.320 what I would be using when it comes to the 0:15:45.360 --> 0:15:49.800 Google is I would google ATO your super comparison And 0:15:49.920 --> 0:15:53.359 the reason I would google that is because the ATO 0:15:53.480 --> 0:15:56.320 last year, the start of twenty twenty two, released your 0:15:56.360 --> 0:16:00.480 super Comparison tool, and that takes all of the work 0:16:00.560 --> 0:16:03.600 out of it in terms of is this advertised, is 0:16:03.640 --> 0:16:06.360 this a paid partnership? You know? All of that stuff 0:16:06.400 --> 0:16:08.640 is really hard to see through. This is actually a 0:16:08.640 --> 0:16:11.520 government run website that is going to just enable you 0:16:11.760 --> 0:16:14.880 to compare apples with apples. When you compare on a 0:16:14.920 --> 0:16:18.960 platform like Cansterer or Finder, you're not usually comparing apples 0:16:18.960 --> 0:16:22.480 with apples. You're comparing the features and benefits that company 0:16:22.520 --> 0:16:25.640 wants to showcase with the features and benefits of a 0:16:25.720 --> 0:16:29.040 maybe less superior company. That you go, ah, well, you're right, 0:16:29.120 --> 0:16:31.240 that one is much better, and you feel good about 0:16:31.240 --> 0:16:35.520 your decision. But it's actually just advertising. So the ATO 0:16:35.680 --> 0:16:38.520 website has it. It is free. And the thing I 0:16:38.560 --> 0:16:41.440 would do before that, though, is because you mentioned, oh, 0:16:41.440 --> 0:16:44.160 I'm in a retail super fund, that doesn't necessarily mean 0:16:44.160 --> 0:16:46.440 that that retail super fund is bad like you might 0:16:46.440 --> 0:16:49.480 be with like host plus or rest or something like that, 0:16:49.520 --> 0:16:52.440 and they are legitimate super companies. The first thing I 0:16:52.440 --> 0:16:55.160 would actually do is log into my mygove portal and 0:16:55.160 --> 0:16:57.400 actually have a look at what super funds I have, because, 0:16:57.480 --> 0:16:59.400 just like you, Beck, you might have seven accounts that 0:16:59.440 --> 0:17:02.160 you didn't know about. Because if you jump around from 0:17:02.200 --> 0:17:05.520 casual employment to casual employment, especially when you're a bit younger, 0:17:05.880 --> 0:17:08.480 often you starting a super fund. Yeah, tick the box, 0:17:08.560 --> 0:17:10.919 you know what I can't One time I ended up 0:17:10.920 --> 0:17:13.679 with a new superfund because I literally couldn't be bothered 0:17:13.680 --> 0:17:15.280 going and finding my old super fund. 0:17:15.320 --> 0:17:19.160 The information yeah right, I could does matter. 0:17:19.760 --> 0:17:22.400 It doesn't matter. I don't have any money like that 0:17:22.560 --> 0:17:25.160 was the mentality that I had. And that's not okay, 0:17:25.240 --> 0:17:27.760 we don't do that. That is not BB scrapping it. 0:17:27.800 --> 0:17:29.880 That is not what Jess would do these days. So 0:17:29.920 --> 0:17:31.639 we are going to compare it. If you have a 0:17:31.680 --> 0:17:33.400 number of super funds, I would be having a look 0:17:33.440 --> 0:17:36.200 at all of them, making sure that there aren't any 0:17:36.359 --> 0:17:39.359 important insurances in them, because if you are leaving a 0:17:39.359 --> 0:17:43.320