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FRIDAY DRINKS: Happy New Year friends! · She's On The Money

0:00
Speaker 1: She's on the Money. She's on the Money.
0:23
Speaker 2: Hello, and welcome to the last episode of She's on
0:26
Speaker 2: the Money, the podcast for millennials who want financial freedom.
0:30
Speaker 3: Now, that sounded pretty dramatic.
0:32
Speaker 2: I didn't mean the last ever episode of She's on
0:34
Speaker 2: the Money. I meant the last episode for the year
0:37
Speaker 2: of twenty twenty one, not ever. But you know, drama
0:41
Speaker 2: is my thing. We'll keep it there. I'm not going
0:43
Speaker 2: to re record that. This is our Friday Drinks episode
0:47
Speaker 2: where we get to celebrate the money wins from our
0:49
Speaker 2: She's on the Money community. There are so many great
0:52
Speaker 2: money wins and confessions she had each and every single
0:54
Speaker 2: week in our Facebook group, and Jess, George and I
0:57
Speaker 2: spend a very big part of our week having a
0:59
Speaker 2: chat about all that you guys achieved this week. We
1:02
Speaker 2: are celebrating you. We are celebrating the end of the year,
1:05
Speaker 2: and we are so excited to dive right in. But
1:08
Speaker 2: the first cab off the rank, Miss jesse Garichi, what
1:12
Speaker 2: happened in Money Diaries this week?
1:14
Speaker 4: So this week's diarist chatted to us about I guess
1:18
Speaker 4: her youth. She grew up in a low income household.
1:21
Speaker 4: There was a history of abuse there, which was obviously
1:23
Speaker 4: really tough, and her mum had a history of mental illness,
1:26
Speaker 4: so there were a lot of factors in her kind
1:28
Speaker 4: of early childhood that really shaped her and her habits
1:32
Speaker 4: as an adult.
1:34
Speaker 5: She's had a bit of a.
1:34
Speaker 4: Rough go over after the last few years, she split
1:37
Speaker 4: with her partner who she had bought land with. It
1:39
Speaker 4: was a whole thing, and it was just a really
1:42
Speaker 4: insightful discussion around I guess how your childhood and how
1:47
Speaker 4: your money story really can shape your direction as an adult.
1:51
Speaker 4: She's worked incredibly hard to put herself in a different
1:55
Speaker 4: position and change that story, which was really inspiring. But
1:59
Speaker 4: I guess we don't always delve too deeply into childhood obviously,
2:03
Speaker 4: we just chat about whatever the diarist is comfortable sharing,
2:06
Speaker 4: and wherever that journey takes us, no two are the same.
2:09
Speaker 4: So it was just really interesting, and I'm so grateful
2:11
Speaker 4: that she was happy to share, you know, such a
2:14
Speaker 4: personal story with us.
2:15
Speaker 2: I'm always, honestly so grateful for the stories that the
2:19
Speaker 2: money diarists are willing to share with us. So next
2:22
Speaker 2: year we are obviously going to be sharing so so
2:24
Speaker 2: many more money diaries. So if you've ever thought, oh,
2:27
Speaker 2: my gosh, I want to be on it, but I'm
2:29
Speaker 2: really nervous. Please don't be. We definitely make sure that
2:32
Speaker 2: every piece of information that you give to us is
2:34
Speaker 2: de identified and that you are all safe and sound,
2:37
Speaker 2: and I would love to think that we are a
2:39
Speaker 2: very safe space to share that story and we love
2:42
Speaker 2: it like we literally adore having chats with you guys.
2:44
Speaker 2: So if you've ever wondered I should be a money diarist,
2:47
Speaker 2: now's the time to slide into our DMS as we
2:49
Speaker 2: start booking up money diaries for twenty twenty two.
2:52
Speaker 4: And when we say slide into our DMS, we mean
2:55
Speaker 4: fill out the form on our website because really that's
2:57
Speaker 4: what we mean.
2:58
Speaker 2: That's what we mean because too many times have we
3:01
Speaker 2: lost good money stories in our dms because, as you
3:04
Speaker 2: guys can imagine, people reply to our stories and they
3:07
Speaker 2: just get oh messy. So if you want to be
3:09
Speaker 2: on the show, please jump on the website, feel out
3:12
Speaker 2: the form, and we will get back to you.
3:14
Speaker 3: George getting back to you though, Hello, my friend. What
3:18
Speaker 3: happened on Wednesday on the show?
3:20
Speaker 5: Hello? Team? So Wednesday was our final Wednesday Deep Dive
3:25
Speaker 5: episode of.
3:25
Speaker 3: The year, which was a dream was exciting.
3:29
Speaker 5: It was fun that we spoke about how to improve
3:32
Speaker 5: our credit scores and also what credit scores are.
3:35
Speaker 3: That was very exciting.
3:37
Speaker 5: I mean, it doesn't sound that exciting, but it was
3:39
Speaker 5: really interesting, and I feel like the main takeaway from
3:43
Speaker 5: the episode was that credit scores will. Improving credit scores
3:47
Speaker 5: rather takes a really long time. There's no like not
3:51
Speaker 5: get rich quick scheme, but there's no get fixed quick,
3:55
Speaker 5: get fixed. Yes, well done, well done, that was well said.
3:58
Speaker 5: There's a few kind of scamming like companies out there
4:01
Speaker 5: that we should all be really mindful of.
4:03
Speaker 2: So yeah, and I know that we've done it. If
4:05
Speaker 2: you didn't listen to it, I get it if you
4:07
Speaker 2: were like, look, Via, I thought you already did an
4:09
Speaker 2: episode on this before. But yes, it is different. Content
4:12
Speaker 2: can promise you that. But the reason we thought it
4:15
Speaker 2: was so important to talk about credit scores again is
4:18
Speaker 2: because there's just so much misinformation flying around the Internet
4:21
Speaker 2: at this point in time about credit scores, and I'm
4:24
Speaker 2: seeing in our communities so many people talk about very
4:26
Speaker 2: American ways of approaching credit scores, and I just don't
4:30
Speaker 2: want that to be our narrative, like our money system.
4:34
Speaker 2: As much as we both function in dollars is not
4:37
Speaker 2: the same as the US system, and the same requirements
4:40
Speaker 2: that exist to have a good credit score in the
4:42
Speaker 2: US are not the requirements to have a good credit
4:45
Speaker 2: score in Australia. So I think we really need to
4:47
Speaker 2: be privy to what the Australian expectations are so that
4:51
Speaker 2: we can do the best thing by us. But summary
4:53
Speaker 2: from all of that is you do not need a
4:55
Speaker 2: credit card to have a good credit score here in Australia.
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Speaker 4: I feel like the really good thing about episode, as
5:00
Speaker 4: well as compared to the original Credit Score app, is
5:04
Speaker 4: that this one had some really great actionable steps, whereas
5:07
Speaker 4: the first EP was more about what is a credit screen?
5:10
Speaker 5: Why might you need it?
5:12
Speaker 4: So if you're wanting to improve your score, it's a
5:14
Speaker 4: question we see all the time on Facebook.
5:17
Speaker 5: It's the few.
5:18
Speaker 4: Yeah.
5:18
Speaker 2: I loved it, but I also love talking about money.
5:20
Speaker 2: I love talking about credit scores, I love talking about
5:23
Speaker 2: fixing our finances, and it was a pretty good EPP
5:26
Speaker 2: in my opinion.
5:26
Speaker 3: But I'm going to just call it out here and.
5:28
Speaker 2: Say that I'm quite biased and always have been about
5:31
Speaker 2: the shees on the Money episode. So I'll let you
5:32
Speaker 2: guys make your own decisions, and we will move on
5:35
Speaker 2: to arguably my favorite and the most fun part of
5:39
Speaker 2: this show, and that is when Georgia tells us her
5:42
Speaker 2: favorite money wins and confessions from the She's on the
5:45
Speaker 2: Money community from this week.
5:47
Speaker 3: Georgia, throw them at us. What have you got this week?
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Speaker 5: Ladies? We have some absolute belters coming in your ways,
5:53
Speaker 5: So strap yourselves here and it's going to be a good time.
5:56
Speaker 3: But yeah, it's wrapped in and ready. Jess, have you
5:58
Speaker 3: got your buckle on?
6:00
Speaker 5: Buckle and helmet? I'm excited.
6:01
Speaker 3: Oh my gosh.
6:03
Speaker 5: So our first win is from Samantha Jones. I know
6:06
Speaker 5: we don't usually do surnames, but I couldn't help myself
6:08
Speaker 5: because of she's.
6:09
Speaker 3: From Sex in the City. Well sorry, Sex and the City.
6:13
Speaker 3: Who am I?
6:14
Speaker 4: So?
6:15
Speaker 5: Samantha bought a handbag for fifty dollars a couple of
6:18
Speaker 5: months ago. It'sj of her, isn't it? Precisely? And guess
6:23
Speaker 5: what happened?
6:24
Speaker 2: She found us bucks in it.
6:25
Speaker 5: She sold it recently for four hundred dollars. What snaughty girl. Hell,
6:32
Speaker 5: I'd love to know.
6:33
Speaker 3: I want to see the bag. I'm very excited about this.
6:36
Speaker 5: Well done, Samantha what a genius.
6:38
Speaker 2: I thought she was going to tell us that cute
6:40
Speaker 2: story where you know, you go to the op shop,
6:42
Speaker 2: you buy a bag, and then you find the money
6:43
Speaker 2: in the bag, Like that would also be a good
6:45
Speaker 2: money win. I wonder how many times that happens to people,
6:48
Speaker 2: and whether we should start a business purchasing secondhand handbags
6:52
Speaker 2: to find the cash inside. And I imagine it would
6:56
Speaker 2: be very profitable. Yep, maybe I'll just stick in my
6:58
Speaker 2: own financial advice lane.
7:01
Speaker 5: Maybe our next win here, guys, is from Riley. So
7:05
Speaker 5: sadly she was scammed out of four hundred and ten
7:08
Speaker 5: dollars three years ago after making a purchase on Facebook marketplace.
7:12
Speaker 5: Maybe she bought the handbag, am I right?
7:15
Speaker 3: So the ten was the shipping.
7:19
Speaker 5: So she made the purchase on Facebook marketplace and paid
7:22
Speaker 5: via a bank transfer, which can be a little risky.
7:26
Speaker 5: She contacted her bank, their bank, and the police to
7:29
Speaker 5: try and recover the funds, but in the end she
7:32
Speaker 5: chopped it up to an expensive but valuable lesson. Fast
7:36
Speaker 5: forward to last Thursday, she got an email from her
7:40
Speaker 5: bank saying they'd recovered the full amount. Wow, that's your forever.
7:46
Speaker 5: It did take a while, but it paid off. In
7:48
Speaker 5: the end, she's got the four ten back in her
7:49
Speaker 5: account and it's a Christmas miracle.
7:51
Speaker 2: She's written, love Squeen, and do you know what Those
7:55
Speaker 2: money wins are the sweetest ones because you had written
7:57
Speaker 2: that off like you didn't expect that that was to
8:00
Speaker 2: be a win. It wasn't like, look, I've been waiting
8:02
Speaker 2: ages and I finally got that four hundred bucks. She'd
8:04
Speaker 2: written that off, thought it didn't exist, and then them
8:07
Speaker 2: it popped back into her life.
8:09
Speaker 5: Thank you, Santa Claus Renee is our next win. So
8:14
Speaker 5: she received a letter from Vic Rhoades offering her a
8:17
Speaker 5: free three year license as she's coming off her peas
8:21
Speaker 5: because she hasn't had any fines or lost any points.
8:24
Speaker 5: She gets it for free on.
8:25
Speaker 3: Relatable content that never happened to me.
8:28
Speaker 4: It's also extremely expensive, so that is a huge win.
8:32
Speaker 3: That's actually a thing.
8:33
Speaker 2: If you don't get any points or you don't get
8:37
Speaker 2: any fines or lose anything during your beginning of your
8:41
Speaker 2: car driving journey, they.
8:43
Speaker 5: Do offer that to you.
8:44
Speaker 2: But sadly that was never extended to me because I'm.
8:46
Speaker 5: Not responsible enough naughty.
8:49
Speaker 2: I don't hear you guys being like, yeah, okay, I
8:52
Speaker 2: got that offered to me, Jess George, I would like.
8:56
Speaker 5: To please remember. Our next win here is from Anna.
9:01
Speaker 5: So she went clothes shopping for the first time in
9:03
Speaker 5: over twelve months in Melbourne over the weekend she lives regionally.
9:08
Speaker 5: She went from shop to shop, tried on all of
9:10
Speaker 5: the clothes and then worked out what she wanted to buy.
9:13
Speaker 5: Then she checks for them on shopback, went home, let
9:16
Speaker 5: herself think on what she actually wanted, culled out what
9:20
Speaker 5: she didn't need, and then purchased it all through shop back.
9:23
Speaker 3: You are as she's on the money dream Triald.
9:26
Speaker 2: You are the poster child for what we want everybody
9:29
Speaker 2: to do in twenty twenty two. Very impressed, Diana. Yeah,
9:33
Speaker 2: I don't have that level of self control. If I'm
9:36
Speaker 2: going out shopping and I've made the decision to purchase
9:39
Speaker 2: something and I've headed out and made the trip, especially
9:41
Speaker 2: if I was regional, I don't have the self control
9:44
Speaker 2: to then not purchase it.
9:45
Speaker 5: In the moment, all the more impressive.
9:47
Speaker 2: Nope, Nope, that's why it's so impressive.
9:49
Speaker 3: I love her.
9:49
Speaker 5: Our next win here is from Crystal. Well, it's not
9:52
Speaker 5: a win yet, but she hopes it will be She's
9:54
Speaker 5: turned her book addiction into a side hustle and is
9:57
Speaker 5: selling her pre loved books online.
10:00
Speaker 1: God, she loves that that.
10:02
Speaker 2: She's on the money book. Oh U can she got
10:04
Speaker 2: a good return on her investment? No?
10:08
Speaker 3: Okay, that's fallings, George. What else have you got to
10:15
Speaker 3: share with the community this week?
10:17
Speaker 5: So our final win slash lost here Ladies comes from Natasha.
10:22
Speaker 5: So she decided she did not want to go into
10:24
Speaker 5: the new year with any debt, so she dipped into
10:27
Speaker 5: her emergency fund to pay off her credit card. Now
10:30
Speaker 5: she can focus on building her savings for the new
10:32
Speaker 5: year ahead.
10:33
Speaker 3: Yes, Kawen, it's a good idea.
10:35
Speaker 5: V I wanted to know what you thought, Gina.
10:37
Speaker 4: What.
10:38
Speaker 2: I don't believe that you have savings if you have debt.
10:41
Speaker 2: If you have savings sitting in your account and then
10:44
Speaker 2: you also have a debt that you are paying interest on,
10:46
Speaker 2: you really need to be prioritizing getting rid of that debt.
10:50
Speaker 2: In saying that, I do also verminently believe that you
10:54
Speaker 2: need an emergency fund while you're in debt as well.
10:57
Speaker 2: So I wouldn't say if you've got an emergency fund that, no,
11:01
Speaker 2: we have our base. But if you have additional wiggle
11:03
Speaker 2: room and your emergency fund, or you've got some savings
11:06
Speaker 2: to get rid of debt. I would absolutely be prioritizing that,
11:10
Speaker 2: because the rule is if you have debt, you do
11:12
Speaker 2: not have savings, and at the end of the day,
11:15
Speaker 2: you're just putting off and actually costing yourself more over
11:19
Speaker 2: the long term, because any debt is going to be
11:21
Speaker 2: accruing interest and those savings are sitting there not actually
11:25
Speaker 2: working for you. So make them work for you. Get
11:27
Speaker 2: rid of your debt.
11:28
Speaker 3: I completely get it if you like.
11:30
Speaker 2: But v I've saved up so hard and that money
11:33
Speaker 2: sitting there, and I don't want to pay it off
11:35
Speaker 2: because then I'll have nothing. No, No, that's not how
11:37
Speaker 2: it works. You are already behind. If that is the
11:40
Speaker 2: mindset we are approaching it with, find your clean slate
11:43
Speaker 2: if you've got the potential to do that. But again,
11:46
Speaker 2: always make sure you do have that emergency fund. I'm
11:48
Speaker 2: not saying s vendor emergency funds on getting out of debt,
11:51
Speaker 2: because I do think that regardless of where we are,
11:54
Speaker 2: we need to always have access to cash to get
11:57
Speaker 2: out of any circumstance situation, money related anything, and that's
12:03
Speaker 2: where your emergency fund comes into play.
12:05
Speaker 5: And Natasha said that she only dipped into her emergency funds,
12:08
Speaker 5: she didn't drain it all. So that's a great outcome,
12:11
Speaker 5: then you.
12:11
Speaker 2: Outcome love that for you and starting the new year
12:15
Speaker 2: with no debt, what a better way?
12:18
Speaker 3: How exciting?
12:19
Speaker 4: Alridy, So I thought that we could have a little chart.
12:22
Speaker 4: It's the last episode of the year. The vibes are high,
12:25
Speaker 4: we're just kind of reflecting a little bit. And we've
12:27
Speaker 4: been doing this as a team anyway, chatting about the
12:30
Speaker 4: year that was. It's been a hectic one to say
12:33
Speaker 4: the very least. Oh white what Yes, that is her
12:36
Speaker 4: garbage fire, But there has been a lot of really fun,
12:41
Speaker 4: good things that have come out of our community specifically
12:44
Speaker 4: as well. So I thought let's be a little self
12:46
Speaker 4: indulge it and take a moment just to celebrate us
12:49
Speaker 4: and everything that we've done.
12:50
Speaker 3: Oh, you're so cute, and just to.
12:52
Speaker 4: Say thank you as well, because we've had an epic
12:55
Speaker 4: year and we could not have done it without the community,
12:59
Speaker 4: without the peace listening, the reason we get to do
13:02
Speaker 4: what we do and help people and share their stories
13:05
Speaker 4: and touch all of these lives. Am I being incredibly
13:08
Speaker 4: dramatic right now, I am I'm sorry, No.
13:10
Speaker 6: You're not.
13:10
Speaker 2: We get to do what we love every day because
13:13
Speaker 2: you guys exist, and that is so special and so lucky.
13:17
Speaker 2: And I don't think that we even comprehend the gravity
13:20
Speaker 2: of that situation until we get to sit down and
13:22
Speaker 2: be like, how cool is that? Like we've done some
13:25
Speaker 2: really epic things. And I mean, Jess, you've officially been
13:28
Speaker 2: with us more than a year. You joined last December,
13:30
Speaker 2: which is so so exciting. So happy anniversary, babe, thank you.
13:35
Speaker 5: Happy to be So that was a.
13:37
Speaker 2: Great acquisition to the community. We have moved offices, which was.
13:42
Speaker 3: Also really fun.
13:43
Speaker 2: We grew and we got a bigger office and then
13:46
Speaker 2: we promptly had to go straight back home and work
13:49
Speaker 2: from home, which is fine, but we can tell everybody
13:51
Speaker 2: else that we've got Q office space.
13:54
Speaker 3: What else have we done? G We have done three
13:57
Speaker 3: episodes a week.
13:59
Speaker 5: And and there's been no weeks off, so three times
14:02
Speaker 5: fifty two. That's one hundred and fifty plus some more episodes.
14:07
Speaker 5: We have a lot of episodes. Wow.
14:09
Speaker 2: We have pumped out the content and I'm just so
14:13
Speaker 2: proud of our team for doing that because it's one
14:16
Speaker 2: of those things that I remember last year sitting down
14:19
Speaker 2: it was December and we're talking about what could we
14:21
Speaker 2: do to enhance the She's on the Money community, enhance
14:25
Speaker 2: the podcast, like how do we make it better? We
14:27
Speaker 2: love money diries, we love the deep dives, we love
14:30
Speaker 2: our banter, and that's how we've broken them into those
14:33
Speaker 2: three episodes. And so breaking it into the three episodes
14:36
Speaker 2: felt incredibly overwhelming. And the fact that She's on the
14:40
Speaker 2: Money Team has not only done those three episodes each
14:43
Speaker 2: and every single week, but we've also brought to the
14:46
Speaker 2: table two brand new shows. We've got The Property Playbook
14:48
Speaker 2: and The Business Bible during that time. At one stage
14:52
Speaker 2: this year, we were doing an episode a day, every
14:56
Speaker 2: single day of every single week for a few months there.
14:59
Speaker 2: So Jess, George, the She's on the Money Team, you
15:02
Speaker 2: guys have been absolutely Stella like, could not be more
15:07
Speaker 2: proud to call you my little She's on the Money fam.
15:10
Speaker 6: Ah.
15:12
Speaker 4: I mean in other news, not to take a complete segue,
15:15
Speaker 4: but I mean, I don't even know if we're going
15:17
Speaker 4: chronologically at this point, but.
15:19
Speaker 5: Are we going to talk about the book?
15:21
Speaker 2: Oh? Yes, we finally got the She's on the Money
15:25
Speaker 2: Book published and We've been talking about it.
15:28
Speaker 5: For years, since before I went Yeah.
15:30
Speaker 2: Since before you worked here, I have been writing this book.
15:34
Speaker 2: It took a good two years to get off the ground,
15:37
Speaker 2: because it turns out writing a book is actually a
15:39
Speaker 2: lot bigger of a project than I had anticipated. And honestly,
15:44
Speaker 2: getting that first book in the mail was one of
15:46
Speaker 2: the best days of my entire life. Jess I remember
15:50
Speaker 2: followed me down the hall when we were told that
15:52
Speaker 2: it had been delivered and I was just crying and
15:55
Speaker 2: I was so excited.
15:56
Speaker 3: But we got that book done, We got it published.
16:00
Speaker 2: My Penguin roundom House family have been nothing but supportive
16:04
Speaker 2: layer honestly, such an incredible publisher to have gone through.
16:08
Speaker 2: But not only do we get that book up and running,
16:10
Speaker 2: we became a best selling book in the country. Like
16:12
Speaker 2: we were number one in Dimmicks, We were number one
16:14
Speaker 2: on book Topia, we were number one on book Depository,
16:18
Speaker 2: Like what who would have even seen that coming. But
16:21
Speaker 2: that's not because of me, that's not because of the content,
16:24
Speaker 2: And sadly it's not because of Jess or George. It's
16:26
Speaker 2: actually because of the She's on the money community and
16:28
Speaker 2: the support that you guys showed us through that period
16:31
Speaker 2: of time when we launched it, you guys, were incredible,
16:34
Speaker 2: But then also you continue to purchase it, and you know,
16:38
Speaker 2: even through this festive period, we've seen so many people
16:41
Speaker 2: purchasing it for their friends and their family, and oh,
16:43
Speaker 2: my gosh, my heart like knowing that that book is
16:46
Speaker 2: out there and the impact that it is having on
16:49
Speaker 2: people's lives literally is the coolest thing ever.
16:53
Speaker 4: I don't know if I can do this, but unofficially,
16:55
Speaker 4: off the record, another book on the way.
17:01
Speaker 2: Look, there could possibly be another book on the way.
17:05
Speaker 2: And for those of you who've been following my social
17:08
Speaker 2: media and going Victoria, are you ever going to stop working?
17:10
Speaker 2: The answer is no, because I'm actually in the middle
17:14
Speaker 2: of writing my second book, and the manuscript, guys, is
17:18
Speaker 2: due in March, So that book is apparently who knows,
17:22
Speaker 2: because timeframes can sometimes get pushed out. But you might
17:26
Speaker 2: find another She's on the money book on the shelves
17:29
Speaker 2: by September twenty twenty two, which is, Oh my gosh,
17:33
Speaker 2: my wildest dreams are literally coming true.
17:36
Speaker 5: Can you give us any indication beer, is it too
17:39
Speaker 5: early to tell us a little bit about what made you? Now?
17:42
Speaker 2: I can tell you, Oh, you can tell you. Are
17:43
Speaker 2: you ready to sit down? It's my favorite topic, guys.
17:46
Speaker 2: She's on the Money was written because I wanted to
17:49
Speaker 2: give you a solid foundational understanding of your money story,
17:53
Speaker 2: and of budgeting and cash flow, and of what investment
17:56
Speaker 2: is and what insurance is, and what you need when
17:59
Speaker 2: it comes to protecting yourself, and how to plan for things,
18:02
Speaker 2: and how to actually manage money in a way that's
18:05
Speaker 2: responsible but really reflects your lifestyle and doesn't make you
18:08
Speaker 2: compromise everything or sacrifice the life that you want to have,
18:12
Speaker 2: and that is so important to have as those foundational
18:15
Speaker 2: blocks before you begin investing. So the She's on the
18:20
Speaker 2: Money second book doesn't have a name yet because I'm
18:23
Speaker 2: not sassy or puney in any way, shape or form.
18:26
Speaker 2: So I've thrown it back to my publishers at Penguin
18:28
Speaker 2: and said, can you guys have a little bit of
18:30
Speaker 2: a brainstorm around what this book could potentially be called.
18:33
Speaker 2: But the book is going to be on the eights
18:36
Speaker 2: of investing so that you guys can take it to
18:38
Speaker 2: the next level and really understand investing to the degree
18:44
Speaker 2: that you guys are demanding at the moment. So obviously,
18:47
Speaker 2: and She's on the money. We covered it. There was
18:48
Speaker 2: a chapter on investing, and it introduced you to everything
18:52
Speaker 2: that I needed you to know as a foundational level,
18:54
Speaker 2: but this will be taking those foundations to the next
18:57
Speaker 2: level to really understand what long term strategy is going
19:01
Speaker 2: to look like and how that works, and what that means,
19:04
Speaker 2: and what different products look like and how they work.
19:07
Speaker 2: And I'm just really excited while I'm pulling this together
19:10
Speaker 2: because this book is not just me talking about investment.
19:14
Speaker 2: It's literally the thing that I do every day with
19:17
Speaker 2: my clients. And I'm just like, oh, my gosh, and
19:19
Speaker 2: we could talk about this and we really need to
19:21
Speaker 2: talk about that, and oh, I wouldn't want to miss
19:23
Speaker 2: out on this. So it's been an absolute joy to
19:25
Speaker 2: be pulling together and doing the research for And that's
19:28
Speaker 2: just it gets me so excited, and I cannot believe
19:31
Speaker 2: that this is my job, Like.
19:32
Speaker 3: What crazy crazy.
19:35
Speaker 5: The other little little thing that happened this year, V
19:39
Speaker 5: was that you were listed in Forbes's thirty Under thirty
19:43
Speaker 5: just before you turned thirty. You just smacking their doll by.
19:47
Speaker 3: The skin of my teeth.
19:48
Speaker 2: Guys, I didn't even know I was gonna slide in there.
19:52
Speaker 2: That was an absolute shock, how strange, what a fackage.
19:57
Speaker 4: Forbes baby, Oh my gosh, incredible from me because I'm
20:02
Speaker 4: the little content Colleen. We hit two hundred thousand members
20:07
Speaker 4: in our Facebook group. My little brain can't even begin
20:12
Speaker 4: to comprehend what that number looks like.
20:15
Speaker 6: That's so many people, like that is so many people
20:19
Speaker 6: who are excited about creating financial freedom and talking about money,
20:22
Speaker 6: and oh my god, Like I cannot begin to tell
20:26
Speaker 6: you how exciting that is.
20:28
Speaker 2: Like I remember, and you guys have probably heard this
20:31
Speaker 2: story if you've listened to a few of our podcasts,
20:33
Speaker 2: but that She's on the Money podcast was born after
20:37
Speaker 2: the Facebook group existed. So the Facebook group existed because
20:40
Speaker 2: I used to run these workshops called She's on the
20:42
Speaker 2: Money to empower people to understand finances and understand super
20:47
Speaker 2: and investment and insurance. And I used to run these
20:50
Speaker 2: workshops so that we could empower people. And I wanted
20:53
Speaker 2: to take that conversation further and have more open, honest
20:57
Speaker 2: chats about things. I was like, you know what I'll do,
20:59
Speaker 2: I'll start a Facebook group. And at the time, I
21:02
Speaker 2: felt like I was the lamest person in the entire world.
21:05
Speaker 2: Like I remember being like to my sister, Hey, I
21:08
Speaker 2: just posted something in my Facebook group with four friends.
21:11
Speaker 3: Can you like it?
21:12
Speaker 2: My sister would like it, and I would ask my
21:14
Speaker 2: girlfriends to do the same. I'd be like, oh, hey,
21:16
Speaker 2: I feeling a bit nervous, but I just posted this
21:18
Speaker 2: tip in She's on the Money. And they'd be like,
21:20
Speaker 2: what's that And I'd be like, Oh, it's like this
21:21
Speaker 2: Facebook group that I've started, and they'd be like, oh cool, V,
21:25
Speaker 2: Like what are you doing? And that slowly grew, and
21:29
Speaker 2: I remember it grew by me adding friends and family
21:32
Speaker 2: and people that went to my workshops, and it was
21:34
Speaker 2: very exciting. And then people started joining and I'd be like,
21:37
Speaker 2: I don't know you, and then I'd get a message
21:39
Speaker 2: from someone being like, oh, hey, V, I know this
21:42
Speaker 2: is really strange. I went to one of your workshops.
21:44
Speaker 2: But I think my sister would love your Facebook group.
21:46
Speaker 2: Can I add her?
21:47
Speaker 3: And be like, oh yeah. The more the merrier.
21:49
Speaker 2: And I remember when it tipped over a thousand people,
21:51
Speaker 2: and I thought that was the most people that I'd
21:54
Speaker 2: ever I could fathom in the entire world. I was like,
21:57
Speaker 2: how do all these people? How have they found it
21:59
Speaker 2: to my Facebook group? And Jess for you to then.
22:02
Speaker 3: Be like, hey, like three years later we're at.
22:05
Speaker 2: Two hundred thousand. I'm like what, Like, where have you
22:08
Speaker 2: all come from? And how are you so excited about this?
22:12
Speaker 2: Because I felt so lame when I started. She's on
22:14
Speaker 2: the money. But now it's like a thing. Now it's
22:17
Speaker 2: a book, it's a podcast, it's a whole community.
22:20
Speaker 4: What absolutely wild To put that into some perspective for
22:24
Speaker 4: all my fellow visual people out there, that is over
22:28
Speaker 4: double the capacity of the MCG. So we have two
22:31
Speaker 4: MPGs worth of humans sharing their tips and tricks who all.
22:35
Speaker 3: Want to be financially free. Can you imagine?
22:40
Speaker 4: It's next level. We also ticked over one hundred k
22:43
Speaker 4: on Instagram. We got to work with some of our
22:45
Speaker 4: favorite brands. We got to give away so many fantastic things,
22:49
Speaker 4: and we're hoping that that's going to be bigger and better.
22:52
Speaker 4: We're going to get someone a Dison air up. It's
22:54
Speaker 4: my personal mission to get.
22:56
Speaker 3: Someone an air two Dyson.
22:59
Speaker 2: If you are listening, Jess would like to work more
23:01
Speaker 2: closely with you, and we would really like a Dicon
23:05
Speaker 2: air rap to give away to our community.
23:07
Speaker 5: One thousand percent. Okay, So that's everything that has happened, ladies,
23:12
Speaker 5: But what's what's ahead in twenty twenty two? What's on
23:15
Speaker 5: the agenda with shoes on?
23:16
Speaker 2: I mean a lot also happened, like every single week.
23:20
Speaker 2: Just to like go back to what happened every single week, guys,
23:23
Speaker 2: Jess has been posting in the community about the money
23:25
Speaker 2: wins and confessions people have been happening, and the amount
23:28
Speaker 2: of times I've seen people say I got out of
23:30
Speaker 2: debt this year, I have changed my money story. I
23:32
Speaker 2: got out of an abusive relationship. I am finally on
23:35
Speaker 2: top of my credit card. I finally have an emergency fund.
23:38
Speaker 2: Oh my gosh, I could pay vet bills without being stressed.
23:41
Speaker 2: I didn't have to worry about having money for groceries
23:43
Speaker 2: this week. Like, guys, I cannot tell you how proud
23:47
Speaker 2: I am of every single person's personal journey over the
23:50
Speaker 2: last twelve months in the She's on the Money community, Like,
23:54
Speaker 2: it is not only cool that you guys have done
23:57
Speaker 2: that for yourselves, but you've shared it with us and
24:00
Speaker 2: known how important it is to us that that is vocalized.
24:04
Speaker 2: Because for every money win that is shared, I guarantee
24:08
Speaker 2: you there's ten that haven't been because people don't always
24:11
Speaker 2: want to, you know, talk about money on the internet.
24:13
Speaker 2: But every single time you do that, you're giving permission
24:16
Speaker 2: to somebody else to talk about money more openly. And
24:20
Speaker 2: how cool is it that we are now at a
24:22
Speaker 2: stage where every single week it has gone from me
24:26
Speaker 2: having what I thought was a lame Facebook group where
24:29
Speaker 2: I used to ask my sister to like and comment
24:32
Speaker 2: on my posts, to just having to turn comments off
24:35
Speaker 2: on old threads because there are literally thousands of comments
24:38
Speaker 2: of people sharing their money wins and sharing their confessions.
24:42
Speaker 2: And every single week just posts a new thread and says, right, guys,
24:45
Speaker 2: what are your wins this week?
24:46
Speaker 3: And we get to.
24:47
Speaker 2: Learn from them, we get to celebrate them and share them.
24:50
Speaker 2: And I cannot begin to tell you how special that is.
24:53
Speaker 2: And I promise you it will not go anywhere. It
24:55
Speaker 2: will happen again all next year. But George, your question,
24:59
Speaker 2: what's coming next year?
25:00
Speaker 5: What if we got in store?
25:02
Speaker 2: Look, we won't be getting rid of any of the episodes.
25:04
Speaker 2: We will still be here with our bells on. But
25:07
Speaker 2: the beautiful thing about twenty twenty two is that we
25:10
Speaker 2: are going to have a bit more freedom. We're going
25:11
Speaker 2: to be able to travel g not personally but she's
25:15
Speaker 2: on the money. He's going to be able to travel
25:17
Speaker 2: touch we will be able to do yet look not
25:19
Speaker 2: Colm would, but we're going to be able to do events.
25:22
Speaker 2: We're going to be able to do a tour. We
25:24
Speaker 2: are going to be able to meet you guys, which
25:27
Speaker 2: for me has been one of the hardest parts of growing.
25:30
Speaker 2: She's on the money. You know, Jess was celebrating before
25:33
Speaker 2: we launched the book, and I'm so proud of that,
25:36
Speaker 2: but one of the most heartbreaking parts of that was
25:39
Speaker 2: I wanted to share that with the community. I wanted
25:41
Speaker 2: to meet you guys. I wanted to hug people and
25:43
Speaker 2: you know, share that in person. But unfortunately, because twenty
25:47
Speaker 2: twenty one was the year that was, that wasn't an option.
25:50
Speaker 2: So our priority next year is getting out and sharing
25:54
Speaker 2: content with you and doing events. And I'm pretty sure
25:57
Speaker 2: the first event will do next year is for International
26:00
Speaker 2: Women's Day, So keep your eyes pelled because we will
26:02
Speaker 2: be doing that in a couple of locations, not just Melbourne.
26:06
Speaker 5: That's in March, isn't it or May? It is in March.
26:09
Speaker 2: It is in March, and those are coming and we
26:12
Speaker 2: are already in the background pulling that together. So keep
26:15
Speaker 2: your eyes peeled because unfortunately we will have limited tickets,
26:19
Speaker 2: So if you're interested in that, definitely be on our
26:22
Speaker 2: eedm and sign up to our newsletter on our website
26:25
Speaker 2: to make sure that you are in the know, because
26:28
Speaker 2: that is who we will tell first our email list
26:31
Speaker 2: and our Facebook group, and then we'll launch it to
26:33
Speaker 2: the public. So if you're interested in coming to that,
26:35
Speaker 2: please make sure you are keeping your eyes pelled and
26:39
Speaker 2: checking out what we're up to because that will be
26:41
Speaker 2: announced early next year. Exciting stuff, I know, right, like
26:46
Speaker 2: imagine real live events.
26:48
Speaker 4: Before we wrap this episode, the last one of the year,
26:51
Speaker 4: normally we put a listener.
26:52
Speaker 5: Question here, but I've been thinking.
26:55
Speaker 4: To myself and I actually have a little question that
26:58
Speaker 4: I would like to ask. I can pretend to be
27:01
Speaker 4: a listener if you would like me to.
27:02
Speaker 2: I do know that when you come into the office
27:04
Speaker 2: in the mornings, just sometimes you do put your phone
27:07
Speaker 2: down and she's on the money is on your phone.
27:09
Speaker 2: I'm like, geez, Louise, are you not sick of our voices?
27:12
Speaker 2: Like you get them twenty four to seven in the
27:14
Speaker 2: office and then you listen to the episodes as well.
27:16
Speaker 3: Who are you? So technically you are a listener, it
27:18
Speaker 3: could be a listener question.
27:19
Speaker 5: One thousand percent.
27:21
Speaker 4: So with the silly season being here, I've been thinking
27:24
Speaker 4: a lot about clothes, the whole having a dress or
27:28
Speaker 4: an outfit for an event that you then perhaps don't
27:32
Speaker 4: want to wear for a while and it sits in
27:34
Speaker 4: your closet while you wait for some time to re
27:37
Speaker 4: wear it at a later occasion with different people. How
27:40
Speaker 4: do we feel about renting out your dresses? Because I've
27:44
Speaker 4: seen people doing it on deepop and Instagram. I know
27:47
Speaker 4: there's some websites out there, and maybe this is something
27:50
Speaker 4: that the community can chime in on if any of
27:52
Speaker 4: them do it. But I just have some beautiful dresses
27:55
Speaker 4: that maybe cost me a little bit of money if
27:58
Speaker 4: we're being honest, that I would love to see doing something.
28:02
Speaker 4: But then I got thinking, oh, the tax implications, and
28:06
Speaker 4: I mean the sending and the posting and the is
28:10
Speaker 4: it even worth it? So I wanted to see the
28:13
Speaker 4: have you ever thought about it? Have you heard of
28:14
Speaker 4: anyone doing it?
28:16
Speaker 3: I had lots of people doing it.
28:19
Speaker 2: I have pondered the idea historically, But at the same time,
28:24
Speaker 2: I think the administration would actually be a lot of time, energy,
28:28
Speaker 2: and effort and unfortunately, I don't know. Maybe this isn't
28:32
Speaker 2: the truth, but from my opinion, I don't think it's
28:35
Speaker 2: like lending address to a girlfriend, Like I know that
28:38
Speaker 2: if I lent you address, Jess, it would come back
28:41
Speaker 2: in the same or better condition, like you're not going
28:44
Speaker 2: to not look after my things, Whereas I don't think
28:47
Speaker 2: that that is true for people who just hire addresses
28:50
Speaker 2: and you don't know them, like who knows how they're
28:52
Speaker 2: going to treat them or if they're going to wear
28:53
Speaker 2: it to their UNI ball and it's going to come
28:56
Speaker 2: back with questionable things all over the dress and you go,
29:00
Speaker 2: I have to dry clean it. I just I don't
29:02
Speaker 2: know if I have time to facilitate that. I mean,
29:04
Speaker 2: my friends and my family know that my wardrobe is
29:07
Speaker 2: completely open for borrowing and sharing, and I.
29:10
Speaker 3: Really love that.
29:11
Speaker 2: But I don't know if I'd ever do it on
29:13
Speaker 2: the internet. But it could be a good little side hustle.
29:15
Speaker 5: That's why I was thinking.
29:16
Speaker 4: I see these girls and they're renting dresses for I mean,
29:20
Speaker 4: obviously depending on where you purchase it from a couple
29:23
Speaker 4: hundred bucks and I'm like, red dress out, Yeah, rent
29:26
Speaker 4: to dress out a couple of times and it's paid
29:28
Speaker 4: for itself, which is what I found so appealing.
29:30
Speaker 5: And you're absolutely right.
29:31
Speaker 4: I guess the back end admin of it, the posting
29:34
Speaker 4: and the dry cleaning and all of that stuff probably
29:36
Speaker 4: is something that I need to think about in terms
29:39
Speaker 4: of tax I'm assuming that money that I would earn
29:42
Speaker 4: i'd have to be to clearing.
29:43
Speaker 2: Yes, you boyd, it is taxable income. But in saying that,
29:47
Speaker 2: it depends on whether you're making that a business or
29:50
Speaker 2: it's just a bit of a hobby. On the side,
29:52
Speaker 2: you could potentially talk to your accountant about deeming it
29:56
Speaker 2: as income derived from a hobby, which is not tax
30:00
Speaker 2: up into a certain point. So I think you can
30:02
Speaker 2: make up to five thousand dollars from a hobby without
30:05
Speaker 2: having a tax, But that is quite fickle. And before
30:09
Speaker 2: you make that decision and go, well, I'll just claim
30:11
Speaker 2: it as a hobby, like do talk to your accountant,
30:13
Speaker 2: because I know a lot of people have gotten in
30:16
Speaker 2: a bit of trouble for being like, oh, it's it's
30:18
Speaker 2: a hobby. So for example, I know someone who claimed
30:22
Speaker 2: uber as a hobby just because they did it a
30:24
Speaker 2: couple of times, and they were like, oh, it was
30:26
Speaker 2: just for fun. But uber is definitely not a hobby.
30:29
Speaker 2: It is definitely a business. And because you have to register,
30:32
Speaker 2: et cetera, et cetera, it wasn't so have a chat
30:34
Speaker 2: with your accountant. But if you're only doing it here,
30:37
Speaker 2: there and everywhere, maybe it could be categorized as a hobby.
30:40
Speaker 5: Yeah, good way of like paying off a dress. I
30:42
Speaker 5: like that.
30:43
Speaker 4: That's what I thought, like self paying. So maybe if
30:45
Speaker 4: anyone's ever done it and has any feedback, let me know.
30:48
Speaker 5: I'm open to it. I'm content.
30:49
Speaker 2: It's also a really good point that you bring up, Like,
30:52
Speaker 2: we have so many beautiful clothes, and I'm a really
30:55
Speaker 2: big fan of re wearing dresses. Like I didn't buy
30:59
Speaker 2: a dress to wear once. I wore it because I
31:01
Speaker 2: put it on and it made me feel good and
31:04
Speaker 2: I really liked it, and therefore I'm very likely to
31:06
Speaker 2: want to wear it to a lot of different events.
31:08
Speaker 2: Like I have this blue striped dress, and if you're
31:11
Speaker 2: an og Facebook group member from like three years ago,
31:14
Speaker 2: you would have seen it a million times.
31:17
Speaker 3: But it's like the.
31:18
Speaker 2: Sisterhood of the traveling dress. Like I've worn it to
31:20
Speaker 2: multiple weddings, multiple events. I'm pretty sure every single one
31:24
Speaker 2: of my friends at some point or another has worn it.
31:26
Speaker 2: My sister has worn it, like everybody has worn this dress.
31:29
Speaker 2: And I just think there's something really nice about a
31:31
Speaker 2: dress that carries a level of sentimental value. So maybe
31:35
Speaker 2: in twenty twenty two, if you've got events, because I
31:37
Speaker 2: feel like weddings and big events are back on, see
31:41
Speaker 2: if you could maybe borrow a dress from a friend
31:43
Speaker 2: before going shopping for a brand new one and create
31:46
Speaker 2: a money win for yourself and create a good memory
31:48
Speaker 2: with a beautiful dress that you saw on a friend
31:50
Speaker 2: one time.
31:51
Speaker 4: Gorghe Well, I will continue to take advantage of wardrobe
31:56
Speaker 4: Dell divine.
31:58
Speaker 2: Yeah, you welcome, no problems that all, but I do
32:00
Speaker 2: think before you start rummaging through my wardrobe. And we're
32:03
Speaker 2: done for today.
32:04
Speaker 3: So enjoy guys. Thank you for the most gorgeous of years.
32:08
Speaker 3: We are so lucky to have you all. But as always,
32:12
Speaker 3: just before we.
32:12
Speaker 2: Head off, we'd like to acknowledge and pay respect to
32:15
Speaker 2: Australia's Aboriginal and torrest Rate islander peoples. They're the traditional
32:19
Speaker 2: custodians of the lands, the waterways and the skies all
32:22
Speaker 2: across Australia. We thank you for sharing and for caring
32:25
Speaker 2: for the land on which we are able to learn.
32:28
Speaker 2: We pay respects to elders past and present, and we
32:31
Speaker 2: share our friendship and our kindness.
32:33
Speaker 5: And remember, guys, that the advice sheared on shoes on
32:35
Speaker 5: the money is general in nature and does not consider
32:38
Speaker 5: your individual circumstances. She's on the money exists purely for
32:43
Speaker 5: educational purposes and should not be relied upon to make
32:46
Speaker 5: an investment or a financial decision. And we promise Victoria
32:50
Speaker 5: Divine is an authorized representative of Australia Pacific Funds Management
32:54
Speaker 5: propriet To Limited ABN three four one three two four
32:57
Speaker 5: six three two five seven AFOSL three three nine one
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Speaker 5: five one penix d the by