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How To Build Your 'F*ck You' Fund · Two Broke Chicks

• 0:00
  Speaker 1: This podcast is recorded on gaddigal Land Always was, always
• 0:03
  Speaker 1: will be Aboriginal Land ajix. I'm out and I'm sall
• 0:13
  Speaker 1: and this is too Breachi that shares life lessons on
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  Speaker 1: tipstale will make.
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  Speaker 2: You rich in life.
• 0:18
  Speaker 1: Sorry, I got distracted, fell down the side of the couch,
• 0:23
  Speaker 1: fingering the couch and I was like, oh, I didn't
• 0:25
  Speaker 1: mean to I'm so sorry. Anyway, how are you.
• 0:27
  Speaker 2: I'm good? Been a good week.
• 0:29
  Speaker 1: Yeah, this week was a short week, like it was
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  Speaker 1: long weekend week. But I'm not gonna lie. I didn't
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  Speaker 1: get that vibe from this week. I'm not sitting here
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  Speaker 1: going time loss fell like before week. Yeah, it felt
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  Speaker 1: like a full week, which scares me because when we
• 0:44
  Speaker 1: go into May and we're going back to a five
• 0:46
  Speaker 1: day I'm gonna be a husk. Yeah, but it's because
• 0:49
  Speaker 1: you're trying to jam five days of work into four days.
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  Speaker 2: So maybe it'll actually be all right.
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  Speaker 1: Yeah, exactly exactly. But today we have a very very
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  Speaker 1: fun If you've got kids in the care little ones
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  Speaker 1: in the car, little ones in the car, you made
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  Speaker 1: want to close your earls. Hasbrey this one because we
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  Speaker 1: are you talking at fuck you funds, Fuck your fuck
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  Speaker 1: your fuck your fund, fuck your mom. No, oh, maybe
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  Speaker 1: I've never seen your mom. Maybe it would.
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  Speaker 2: Exactly.
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  Speaker 1: I reckon. Objectively, there are way more hotter moms in
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  Speaker 1: the world than there are hotter dads. Definitely, women are
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  Speaker 1: like objectively better looking than men.
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  Speaker 2: Yeah, I think so.
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  Speaker 1: I think that's just the bisexual in me. But I'm
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  Speaker 1: like I could list off like ten hot mums like
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  Speaker 1: right now, fully, whereas like god.
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  Speaker 2: Dads, there are half of them are cartoons.
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  Speaker 1: Yeah, animals, cartoon animals. I feel like that clarification is necessary.
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  Speaker 2: Everyone thought of mofoss me like Zeus, Yeah, you know
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  Speaker 2: King Triton.
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  Speaker 1: Tarzan's dad, Tarzan's dad could.
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  Speaker 2: He is a POI?
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  Speaker 1: His mom was really beautiful to him. Yeah, I get that,
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  Speaker 1: but I would like to I'd like to watch. Yeah,
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  Speaker 1: I was gonna be like I would like to be included.
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  Speaker 2: Ye, a cup of chair on that boat?
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  Speaker 1: Fuck sala. Who else are some hot Disney dads I
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  Speaker 1: like Fassa, yep, Zeus, Tarzan's dad, King Triton.
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  Speaker 2: Oh how could we forget that daddy?
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  Speaker 1: Yeah?
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  Speaker 2: Who else?
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  Speaker 1: What else is there that's not But also all of
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  Speaker 1: the mom's babes like sleeping Beauty's mum smash Yep, Sarabi.
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  Speaker 2: Could get it, could get Sarabi.
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  Speaker 1: Would make me her bitch like is like a dominatrix mummy.
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  Speaker 1: She'd be like, get down in the ease of it. Yes,
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  Speaker 1: Sir is the hottest of the Disney Daddy fucking whipped
• 3:11
  Speaker 1: Moufassa into shape. Okay, move Ussa was literally crawling for
• 3:17
  Speaker 1: anyway to begin into the fucking fun and lots of fun. Literally. Yeah.
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  Speaker 1: But before we do that, we have to talk about
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  Speaker 1: our obsessions. The we tell me, tell me.
• 3:34
  Speaker 2: Mane.
• 3:35
  Speaker 1: My obsession of the week is a joint obsession, and
• 3:38
  Speaker 1: it is Love on the Spectrum Season four. Oh my god,
• 3:40
  Speaker 1: I love this show so freaking much. It is maybe
• 3:42
  Speaker 1: the best show on Netflix. Like this show could heal
• 3:46
  Speaker 1: the world. It really really could, especially in like pretty
• 3:49
  Speaker 1: dark times. It honestly gives me so much hope for humanity.
• 3:52
  Speaker 1: It is the most beautiful, beautiful shaking of hot dads
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  Speaker 1: names his dad.
• 3:59
  Speaker 2: Oh he's break wait no, oh wait, no, so I'm
• 4:03
  Speaker 2: thinking of Connor.
• 4:04
  Speaker 1: Yes, I saw a TikTok last night being like he
• 4:07
  Speaker 1: could get it?
• 4:08
  Speaker 2: Is that the TikTok? Did you make it? I did
• 4:13
  Speaker 2: see that, and I hadn't.
• 4:14
  Speaker 1: Actually caught the energy in the show, and then I
• 4:17
  Speaker 1: saw TikTok that I was like, would be weird.
• 4:21
  Speaker 2: But yeah, seriously love him.
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  Speaker 1: Love that show though. It's just so beautiful, and I
• 4:27
  Speaker 1: think it's like a really beautiful reminder of like how
• 4:32
  Speaker 1: everyone is just human and just wants to like love
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  Speaker 1: and be loved, you know, as like two very very
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  Speaker 1: privileged women like I see here and I go, fuck
• 4:44
  Speaker 1: like the things that I'm winging about in the grand
• 4:49
  Speaker 1: scheme of things, you get a pretty good gear. Yeah, exactly.
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  Speaker 1: And there's so much to learn from them too, and
• 4:56
  Speaker 1: like just how earnest a lot of the cast bizarre
• 5:00
  Speaker 1: and they're just all so sweet and beautiful. And it's
• 5:03
  Speaker 1: also incredible because a few of the cast members have
• 5:06
  Speaker 1: been on the show like the whole for every single season,
• 5:09
  Speaker 1: and when you think back of like where they began
• 5:11
  Speaker 1: and how much they've grown, it's just fucking incredible and
• 5:15
  Speaker 1: how they're all like friends and stuff.
• 5:17
  Speaker 2: Did you see that Connor isn't going to be on
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  Speaker 2: the next season though, He's passing the baton on to
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  Speaker 2: somebody else to find. I think that makes.
• 5:25
  Speaker 1: Sense though, because as well, even when you think about
• 5:28
  Speaker 1: dating like you go through ebbs and flows for dating, right.
• 5:32
  Speaker 1: I thought it actually just was very reflective of just
• 5:34
  Speaker 1: life of like even Tanner how at the end he
• 5:38
  Speaker 1: was like, Oh, I'm not on the show because I
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  Speaker 1: don't want a girlfriend right now. Yeah. So it's like
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  Speaker 1: and Connor's like, yeah, I'm just not really looking to
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  Speaker 1: continue dating at the moment. So it's like yeah, fair,
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  Speaker 1: yeah exactly, And like maybe what they wanted to get
• 5:49
  Speaker 1: from the show, which was like that support and the tips,
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  Speaker 1: like they've got those tools now they can go out
• 5:55
  Speaker 1: on their own and yeah, use what they've learned.
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  Speaker 2: It's just the fucking best show.
• 5:59
  Speaker 1: It's the best show.
• 6:00
  Speaker 2: Crying one second, you'll be pissing yourself.
• 6:02
  Speaker 1: Like every episode. Same, It's so beautiful. Okay, My obsession
• 6:07
  Speaker 1: of the week is inspired and is the question inspired
• 6:11
  Speaker 1: by a tiki TALKI that I saw this morning and
• 6:14
  Speaker 1: it was at what age do you stop fake? Tanning?
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  Speaker 2: I saw this morning too.
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  Speaker 1: This is an investigative piece now, so I was like, well, fuck,
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  Speaker 1: am I going to be like when do when do
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  Speaker 1: you just go? Eh? I'm done? So I figured we
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  Speaker 1: could maybe discuss and I could we could investigate in
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  Speaker 1: the comments.
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  Speaker 2: Yeah, okay, yeah, because one thing, I'm like, do you
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  Speaker 2: just get over it?
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  Speaker 1: Yeah? At some point you're just like, fuck, like, is
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  Speaker 1: this going to be every Thursday for the rest of
• 6:46
  Speaker 1: my life? Well? I think you would get especially when
• 6:49
  Speaker 1: you have kids. When you have young children, I couldn't imagine, like,
• 6:54
  Speaker 1: you know, it's so tiring being fucking asked to exfoliate
• 6:58
  Speaker 1: my body. Also, from like a physics level chemistry, perhaps,
• 7:05
  Speaker 1: I'm like, does it settle into your wrinkles? Because even
• 7:09
  Speaker 1: I would notice that, say, like on my hands for example,
• 7:12
  Speaker 1: like the wrinkles on your knuckles and stuff. I'm like,
• 7:15
  Speaker 1: would that be kind of like across your whole body?
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  Speaker 1: Like I would love to know who is like that
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  Speaker 1: the most mature slash oldest person the chicks know in
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  Speaker 1: their life that's still fakes teens? Fakes teens?
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  Speaker 2: Does your mum faked tan?
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  Speaker 1: Ever?
• 7:29
  Speaker 2: Surely Chris jen is out there getting straighten.
• 7:31
  Speaker 1: Surely, surely. But what age like do we like? I
• 7:36
  Speaker 1: don't care about what age we stop having sex. I
• 7:38
  Speaker 1: care about what age we stop fakedanny.
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  Speaker 2: Apparently people are like getting dicked down in nursing home. Yes, so.
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  Speaker 1: Love that for them. You're the same.
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  Speaker 2: Yeah, they call it like a second second wind.
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  Speaker 1: Yeah, but we can do a whole episode on this
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  Speaker 1: because I thought that women also got like a second
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  Speaker 1: wind in like like their sexual thought in the board. Yeah,
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  Speaker 1: I've seen, but then that's because a lot of women
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  Speaker 1: get divorced in their forties later I'm gonna go fuck
• 8:10
  Speaker 1: fuck And speaking of doors, I think that's a lovely
• 8:12
  Speaker 1: segue into episode the Fuck You Fund? So what is
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  Speaker 1: the fuck You Fund? So it's a collection of savings
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  Speaker 1: to essentially give you financial independence, and you get to
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  Speaker 1: be able to walk away from anything that you're like,
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  Speaker 1: fuck you. So whether it's you want to leave an
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  Speaker 1: unhealthy situation or relationship, whether you want to walk away
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  Speaker 1: from a job that you hate, it just allows you
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  Speaker 1: to say fuck this and start fresh. And it can
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  Speaker 1: also be called an escape or revenge fund. Love that.
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  Speaker 2: Do you ever watch that show revenge?
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  Speaker 1: Revenge? You've never even heard of the show Revenge? Okay,
• 8:58
  Speaker 1: well let's put a pin in that. I'll dicuss that, like,
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  Speaker 1: oh what is it? Oh my god. There's this chick
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  Speaker 1: and her dad gets like done but framed by this
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  Speaker 1: like rich family. So then she grows up and grows
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  Speaker 1: up hot and sexy, and then she starts fucking the
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  Speaker 1: mum's son and like goes after the family and is
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  Speaker 1: like the daughter in law, but she's really here for revenge. Well,
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  Speaker 1: so you could use your revenge fund for that true
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  Speaker 1: want it? Yeah, if you want it, because she bought
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  Speaker 1: a house in the hympt and so you know it's
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  Speaker 1: how you want to do it. We endorse using your
• 9:34
  Speaker 1: powers for good, but if you want to use your
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  Speaker 1: fucking fund for evil, go for it. Who are we
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  Speaker 1: to judge? It got a bit weird toward the end
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  Speaker 1: of the season, I can imagine, Yeah it was, and
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  Speaker 1: I was like, come on, we're stretching this out when
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  Speaker 1: she's gonna actually have a revenge all right. So this
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  Speaker 1: is not the same as an emergency fund. Emergency funds
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  Speaker 1: are typically kept away for when something goes wrong or
• 9:56
  Speaker 1: is like unforeseen, So it's more like you don't actually
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  Speaker 1: have contry froll over that situation. So it's like if
• 10:02
  Speaker 1: your cargoes cut bye bye, Yeah, sorry my lady we
• 10:07
  Speaker 1: out here. Yeah, or like you lose your job or something, yeah,
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  Speaker 1: cover like your essential expenses. You get like a parking
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  Speaker 1: fine and you're like, oh damn, man, I read that
• 10:15
  Speaker 1: sign wrong, but honestly, who can read the signs? Right? No? Please? Yeah?
• 10:19
  Speaker 1: And what I loved about this is and you would
• 10:21
  Speaker 1: love this is that Lucy Lou helped make the term
• 10:25
  Speaker 1: more popular. So Lucy Lou if you're unfamiliar, she was
• 10:28
  Speaker 1: one of the Queens and Charlie's angels.
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  Speaker 2: Mm hmm, she's.
• 10:31
  Speaker 1: All Alex yes me yeah. Des I.
• 10:37
  Speaker 2: Is ia iconic queen actress.
• 10:39
  Speaker 1: Seriously. Oh, she's so hot in that movie it's not
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  Speaker 1: even funny.
• 10:42
  Speaker 2: Yeah, gorge.
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  Speaker 1: So she kind of made the term more popular when
• 10:46
  Speaker 1: she talked about fuck your money in an interview and said,
• 10:49
  Speaker 1: if you have it and something's not working out and
• 10:52
  Speaker 1: they say you have to take this job or you're fired,
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  Speaker 1: you can be like fuck you.
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  Speaker 2: It's basically about.
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  Speaker 1: Having flexibility and the freedom to leave situations yes that
• 11:03
  Speaker 1: you don't want to be in anymore one hundred percent.
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  Speaker 1: And that is so often, especially for women, like a
• 11:11
  Speaker 1: corner that you get boxed into because you're like, oh,
• 11:14
  Speaker 1: I have I have to go? Yeah? Is you know
• 11:18
  Speaker 1: I can't if not to get paid or you know,
• 11:21
  Speaker 1: I have to say this relationship because I haven't been
• 11:23
  Speaker 1: working and I've been raising children and they don't have
• 11:26
  Speaker 1: any money or whatever that looks like for you. And
• 11:29
  Speaker 1: according to a UK psychotherapist Katherine Cavallo, these savings are
• 11:34
  Speaker 1: all about having the flexibility and autonomy to be both
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  Speaker 1: emotionally and financially free, especially for millennials and gen Z.
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  Speaker 1: I also want to acknowledge that a lot of people
• 11:45
  Speaker 1: would find the idea of a fuck you fun as
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  Speaker 1: like a really far off concept, right, because it's really.
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  Speaker 2: Hard to save money in general.
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  Speaker 1: But that's the point, and that's why we wanted to
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  Speaker 1: talk about it, because forty three percent of Australians have
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  Speaker 1: less than a third dollars in their savings. So if
• 12:02
  Speaker 1: you're listening to this episode and you're like, you know,
• 12:05
  Speaker 1: I would love to leave my job, but you know
• 12:07
  Speaker 1: I only love a fuck you fan. Yeah, but I'm
• 12:09
  Speaker 1: only at the beginning of my savings journey or I'm
• 12:12
  Speaker 1: finding it really difficult. Like that is so relatable and
• 12:16
  Speaker 1: so normal, and that's why we wanted to talk about it,
• 12:18
  Speaker 1: because it's one of those things that you probably don't
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  Speaker 1: actually prepare for and even think of until you.
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  Speaker 2: Actually need it.
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  Speaker 1: Yeah, And you never go into a relationship or a
• 12:27
  Speaker 1: job or a situation being like I'm gonna need to
• 12:30
  Speaker 1: have a fuck you fund and leave this one day.
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  Speaker 2: But that's kind of the point. It's there as a buffer.
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  Speaker 1: In those moments when you like life throws unexpected things
• 12:40
  Speaker 1: at you. Yeah, And it's like, even like we've spoken
• 12:46
  Speaker 1: about this a lot on the pod, but like I
• 12:48
  Speaker 1: did not have savings until a couple of years ago,
• 12:51
  Speaker 1: and even now, like there was a big expense that
• 12:54
  Speaker 1: was like, oh, maybe we do, maybe we don't in
• 12:56
  Speaker 1: terms of like an investment that Rob and I were discussing,
• 12:59
  Speaker 1: but it would have been my entire savings. And I
• 13:03
  Speaker 1: was like, really, I was so surprised at how comfortable
• 13:10
  Speaker 1: and less anxious I have become once creating a fuck
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  Speaker 1: you fund or like just having my comfort blanket that
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  Speaker 1: it's like I actually was like, no, I'm actually not
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  Speaker 1: okay with not having that because it was more important
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  Speaker 1: for me to have a fuck you fund than to
• 13:30
  Speaker 1: invest it into something for the future, because I was like,
• 13:32
  Speaker 1: I'm not I don't want to drain that. I still
• 13:34
  Speaker 1: always need to have that comfort there whereas And it
• 13:38
  Speaker 1: made reminded me of, you know, the anxiety I had
• 13:41
  Speaker 1: when I was younger and I was maybe a little
• 13:43
  Speaker 1: bit more reckless with my bad girl. I went on
• 13:49
  Speaker 1: to get ahead of Disney, and I said, I want
• 13:51
  Speaker 1: to make history.
• 13:53
  Speaker 2: And you just spent all your money at Prince's.
• 13:56
  Speaker 1: And I spent all my money at Princess VALI that
• 13:58
  Speaker 1: was history. That was history for me. I went on
• 14:01
  Speaker 1: there the other day just for fun, and I'm thirty
• 14:04
  Speaker 1: and I felt that yeah, yeah, I'm saying I didn't
• 14:10
  Speaker 1: like anything, but I went this is when it happened.
• 14:14
  Speaker 2: Maybe we've aged out of that. I then started.
• 14:16
  Speaker 1: Realizing, like shit, I'm out hit shopping at DJs and
• 14:21
  Speaker 1: Mayer and Country Rise Seed beautiful, and I'm like, oh shit,
• 14:26
  Speaker 1: ha happened. I didn't even see it. That's all right. Well,
• 14:29
  Speaker 1: like a butterfly in the wind, exactly of flight, like
• 14:35
  Speaker 1: a beavers thinking, Like having a fuck you fund is
• 14:38
  Speaker 1: especially important for women because men have twenty six percent
• 14:41
  Speaker 1: more savings on average than women. And we did a
• 14:45
  Speaker 1: whole episode on this, which we can link in the
• 14:48
  Speaker 1: show notes about the pink tacks and yeah, how to
• 14:51
  Speaker 1: overcome it. But again that's why we wanted to talk
• 14:54
  Speaker 1: about it, because women do have fewer opportunities to earn
• 14:59
  Speaker 1: more mo need than men and have more obstacles when
• 15:03
  Speaker 1: it comes to saving money, and a lot of the time,
• 15:06
  Speaker 1: like in my life and the people that you know,
• 15:09
  Speaker 1: the experiences that I've seen, like a lot of the time,
• 15:12
  Speaker 1: it is the woman who has to stay and put
• 15:15
  Speaker 1: up with shiit situations because they're sort of like stuck
• 15:17
  Speaker 1: between a rock and a hard place.
• 15:19
  Speaker 2: And we don't want that for our tikies out there.
• 15:21
  Speaker 1: That's not the type of rock hard we want. There's
• 15:25
  Speaker 1: only one type of rock hard, one rock card that
• 15:28
  Speaker 1: you deserve in your life, Queenie poo, and it is
• 15:31
  Speaker 1: not being between it.
• 15:35
  Speaker 2: Sorry, it's fine, It's fine. Okay.
• 15:38
  Speaker 1: It was the king, try it and talk it got titilated?
• 15:48
  Speaker 2: Did that hurt a little far?
• 15:51
  Speaker 1: Okay? So I hear I hear you for I see
• 15:55
  Speaker 1: you and you're going Alex Sally, I love this. This
• 16:01
  Speaker 1: is the best episode of the podcast I've ever listened
• 16:04
  Speaker 1: to so far until next one. How do I build
• 16:08
  Speaker 1: a fuck you fund? Why do I say it like that?
• 16:11
  Speaker 1: Why do I say with such conviction? I literally is like,
• 16:14
  Speaker 1: fuck you fund? Like Jesus, Alex, no one you hate
• 16:18
  Speaker 1: us in the room. Maybe, Oh my god, scandal, I'm kidding,
• 16:22
  Speaker 1: Lo love it here so tips to build a fuck
• 16:25
  Speaker 1: you fund. The journalist and financial advisor Francis Cook actually
• 16:30
  Speaker 1: shared tiers of the fuck You Fund. Number one is
• 16:33
  Speaker 1: breathing space money, which accounts for three months worth of
• 16:37
  Speaker 1: core expenses eg. Rent, mortgage, groceries, basic utility bills, petrol.
• 16:42
  Speaker 1: It's the easy way to calculate this is to add
• 16:45
  Speaker 1: up your non negotiable spending each month and multiply it
• 16:48
  Speaker 1: by three. So if your non negotiable spending per month
• 16:51
  Speaker 1: was two thousand dollars, your breathing space would be six thousand.
• 16:57
  Speaker 1: Number two is recover and refresh, so around six months
• 17:01
  Speaker 1: of salary used to clear your head and recharge. So
• 17:04
  Speaker 1: this gives you space and time to plan your next steps.
• 17:07
  Speaker 1: Can sity your next move, and you have the freedom
• 17:09
  Speaker 1: to choose what your next step is. So a good
• 17:12
  Speaker 1: example of this would be, you know, if you are
• 17:16
  Speaker 1: at work and you're like, you know what, I'm going
• 17:18
  Speaker 1: to kick your door if it's hinges, I hate everyone
• 17:21
  Speaker 1: in this office. I'm done and you don't have to
• 17:24
  Speaker 1: sit there applying for twenty jobs in a row and
• 17:28
  Speaker 1: you get a call and they go, oh, you applied
• 17:30
  Speaker 1: for the role and you're like which one? Yeah, Literally
• 17:33
  Speaker 1: in there.
• 17:33
  Speaker 2: You have to try and like squeeze in your interview
• 17:35
  Speaker 2: on your lunch break.
• 17:36
  Speaker 1: Yeah, that you can actually quit your job and give
• 17:38
  Speaker 1: yourself space to find the one that's right and next
• 17:42
  Speaker 1: for you without having to sit in an office chair
• 17:46
  Speaker 1: with hospital lighting being like, what's happened to me? What's
• 17:51
  Speaker 1: happened to my law? Yeah? Yeah, I have a friend
• 17:54
  Speaker 1: at the moment that's like in that scenario, and she
• 17:56
  Speaker 1: hasn't worked for like two months, and she's just it's like, yeah,
• 18:00
  Speaker 1: you know, saved up before I quit, and I'm just
• 18:02
  Speaker 1: waiting to find the right thing. Yeah. It also means
• 18:05
  Speaker 1: when you do find the right job, you're actually refreshed
• 18:08
  Speaker 1: and ready to take on the role. Like it's so
• 18:11
  Speaker 1: hard when you're in a toxic work situation and you're
• 18:14
  Speaker 1: very highly likely burnt out. Yeah, and then going through
• 18:17
  Speaker 1: the whole interview and application process is also so stressful
• 18:22
  Speaker 1: and time consuming, and then you have like maybe four
• 18:26
  Speaker 1: business days off and then you start a new job again.
• 18:28
  Speaker 1: Number three is I might go back to work when
• 18:31
  Speaker 1: I'm bored. Money and investment portfolio in these six figures,
• 18:36
  Speaker 1: adding up to two years of salary so you could
• 18:39
  Speaker 1: have enough to fund a mini retirement. With this amount,
• 18:43
  Speaker 1: you could take a few years out of the workforce
• 18:45
  Speaker 1: without giving up too much of your lifestyle and spending habits,
• 18:48
  Speaker 1: then re enter your professional career on your own terms.
• 18:52
  Speaker 1: And then, last, but not least is my personal favorite,
• 18:56
  Speaker 1: if you will, this is the goal, the goal any
• 18:59
  Speaker 1: any fuck you've I was gonna se any holes goal,
• 19:01
  Speaker 1: but it doesn't know it make sense. Number four is you're
• 19:04
  Speaker 1: never telling me what to do money. Put that shit
• 19:08
  Speaker 1: on a ship. Taste good. This is around one million
• 19:13
  Speaker 1: dollars worth of investments savings. It's true financial independence. It's
• 19:21
  Speaker 1: the moment you can walk away and live purely off
• 19:24
  Speaker 1: your passive income. It's like those have you heard of
• 19:30
  Speaker 1: that movement called fire not fire festival?
• 19:34
  Speaker 2: Financial independence, retire early. Sorry, I don't know why I
• 19:39
  Speaker 2: thought of that. It's twenty sixteen. Take me so back.
• 19:44
  Speaker 1: Sixteen is so bad. Let's bring fire back.
• 19:47
  Speaker 2: I thought they dry. Really they tried to do you
• 19:51
  Speaker 2: ever watch the doco na?
• 19:53
  Speaker 1: I just saw all the Oh no, maybe I did,
• 19:55
  Speaker 1: and that guy was like offering to suck dick and
• 19:57
  Speaker 1: cock to pay on.
• 20:00
  Speaker 2: But yeah, the fire movement, yep.
• 20:03
  Speaker 1: Financial independence retire early, and it's these people who spend
• 20:07
  Speaker 1: like their entire twenties and thirtyears just like really really saving,
• 20:12
  Speaker 1: focusing on investing with the goal typically to retire in
• 20:16
  Speaker 1: their forties. And a good way to do this as
• 20:19
  Speaker 1: well if you kind of sit there and maybe you're
• 20:21
  Speaker 1: like a little bit cheeky when you manage your money,
• 20:25
  Speaker 1: or you just kind of get to the end of
• 20:27
  Speaker 1: the month and you're like, where the fuck did my money?
• 20:29
  Speaker 1: You is and you taught me about this, but it's
• 20:31
  Speaker 1: salary sacrificing. Oh yeah, So like if you don't really
• 20:35
  Speaker 1: want to do investing because it makes you nervous, it's
• 20:37
  Speaker 1: not really your vibe if you aren't you know, the
• 20:40
  Speaker 1: strongest saver yet emphasis on that you can actually look
• 20:44
  Speaker 1: at salary sacrificing, which you know more about this than
• 20:47
  Speaker 1: I do. So a lot of people do this who
• 20:50
  Speaker 1: are like employed full time. But you can ask your
• 20:54
  Speaker 1: employer to actually put more of your salary into your
• 20:57
  Speaker 1: superannuation because most people, like workplaces.
• 21:03
  Speaker 2: Will be putting the money into the super for them.
• 21:05
  Speaker 1: Yeah, and they do like the minimum. Yeah, you can
• 21:07
  Speaker 1: do more than that, and it means that before the
• 21:10
  Speaker 1: money even lands in your account, they put more of it. Yeah,
• 21:14
  Speaker 1: super when your parents would My mom would do this
• 21:18
  Speaker 1: to me. She would be like, okay, well how much
• 21:20
  Speaker 1: money did you make? And then it would go into
• 21:22
  Speaker 1: an account and then she would pay me from myself.
• 21:26
  Speaker 1: This is someone I was like fourteen and started working,
• 21:29
  Speaker 1: not when I was like ag she'd be like, here's
• 21:31
  Speaker 1: your penny.
• 21:31
  Speaker 2: She still does it.
• 21:32
  Speaker 1: Yeah, wish bro. I'd have so much more in savings
• 21:35
  Speaker 1: if she did. But yeah, and so she would like,
• 21:39
  Speaker 1: get my pay and then pay me and she'd put
• 21:42
  Speaker 1: the rest of it in savings. And if I ever
• 21:44
  Speaker 1: wanted to access the savings, I'd have to call my
• 21:46
  Speaker 1: mom and be like, I'm like justifying. Yeah, I'd be like,
• 21:49
  Speaker 1: I want to buy this pair of shock blue jeans.
• 21:52
  Speaker 1: I remember I was in Cottinam and I called her
• 21:55
  Speaker 1: and I was like Rouse Hill shopping Center and she
• 21:58
  Speaker 1: said no, and I said it's my money. She said, well,
• 22:00
  Speaker 1: too bad, hung up the phone. And I ended up
• 22:04
  Speaker 1: being able to buy a car when I was eighteen
• 22:07
  Speaker 1: because she'd done that. So I'm like, that's how I
• 22:11
  Speaker 1: look at salary. Sacrificing your work is then your mum
• 22:13
  Speaker 1: and you want to buy blue jeans and they say no,
• 22:16
  Speaker 1: it's going in your super. Yeah, because the benefit is
• 22:20
  Speaker 1: that you don't have the temptation to spend it because
• 22:22
  Speaker 1: it never lands in your spending account. And then also
• 22:26
  Speaker 1: obviously you're putting more money into your super. But then
• 22:29
  Speaker 1: also you get the benefits of the compound interest over
• 22:31
  Speaker 1: time too, So I definitely recommend that if. Yeah, and
• 22:36
  Speaker 1: also I'm not one hundred percent sure on this, so
• 22:38
  Speaker 1: I would look into it, but I think like the
• 22:40
  Speaker 1: tax on it is a different structure as well. I
• 22:45
  Speaker 1: don't know if you're taxed the same on your super
• 22:50
  Speaker 1: as your actual salary. Yeah, Okay, Yeah, we'd have to
• 22:54
  Speaker 1: look into that because I'm not one hundred percent sure
• 22:56
  Speaker 1: on it. I don't want to be spread and missed
• 22:57
  Speaker 1: them for me exactly.
• 22:58
  Speaker 2: We can put a link to the ATO guide.
• 23:01
  Speaker 1: Yes on salary sacrifice all Larissa, it's your sief with
• 23:05
  Speaker 1: the fuck you fund.
• 23:06
  Speaker 2: Really, you could probably shape it or tear it in
• 23:09
  Speaker 2: whatever way you want and what suits your goals.
• 23:11
  Speaker 1: But I like this approach because it shows you that
• 23:14
  Speaker 1: there isn't like a one size fiddle, and that it
• 23:16
  Speaker 1: is something that can be ongoing and can change as your.
• 23:20
  Speaker 2: Needs do and as life happens.
• 23:22
  Speaker 1: But if you are inspired and you want to get
• 23:25
  Speaker 1: started in building your fuck you Fund, there's a few
• 23:28
  Speaker 1: ways that you can start.
• 23:30
  Speaker 2: The first app would be working out how much you
• 23:32
  Speaker 2: can consistently save, right so factor.
• 23:35
  Speaker 1: In your monetary goals and responsibilities, any debts that you're
• 23:39
  Speaker 1: paying off are the savings goals that you have, obviously
• 23:43
  Speaker 1: your expenses, and then decide what to prioritize from there.
• 23:48
  Speaker 1: Like that's what I did when I first started. I
• 23:50
  Speaker 1: kind of just had like all of my expenses listed out,
• 23:54
  Speaker 1: and then I was like.
• 23:55
  Speaker 2: How much money do I have leftover? And then that
• 23:58
  Speaker 2: was just the amount that I put in.
• 24:00
  Speaker 1: And it really is like once you start doing it,
• 24:02
  Speaker 1: you realize like firstly how good it feels when you
• 24:06
  Speaker 1: see that number stuff start to grow, but also how
• 24:09
  Speaker 1: much extra money that you actually do probably have that
• 24:11
  Speaker 1: you could be putting towards that and not blue jeans
• 24:14
  Speaker 1: that cottnot or cotton on. But also I think one
• 24:19
  Speaker 1: of the best things that I did when creating savings
• 24:22
  Speaker 1: like you could do with a fuck you fund is
• 24:25
  Speaker 1: for me, it's like an out of sight, out of
• 24:27
  Speaker 1: mind approach as well that I actually set up a
• 24:30
  Speaker 1: completely separate bank account that was with a completely separate
• 24:34
  Speaker 1: bank that like I could not tell you what my
• 24:38
  Speaker 1: customer IDNA, but was off the top of my head.
• 24:41
  Speaker 1: And so it was like if like I couldn't just
• 24:44
  Speaker 1: freely access it. And so when I'm also not logging
• 24:48
  Speaker 1: into my banking app, when I'm buying a vodka Limb
• 24:50
  Speaker 1: soda and seeing that money in a separate account, it's
• 24:52
  Speaker 1: not easy for me to transfer it back. So creating
• 24:56
  Speaker 1: friction in your fuck you fund will also help you
• 24:59
  Speaker 1: grow it. Creating friction in anything to do with money
• 25:02
  Speaker 1: also just like creates a better structure because you're not
• 25:06
  Speaker 1: just like WI, this is a game and it's like
• 25:08
  Speaker 1: numbers on a screen. No, it's actually guys, it's actually money.
• 25:13
  Speaker 2: I know, how rude is that?
• 25:14
  Speaker 1: I know? What do you mean? This isn't just like
• 25:16
  Speaker 1: a fun Little girlipop game? Yeah? What do you mean?
• 25:19
  Speaker 1: I don't just like go for a run around the
• 25:21
  Speaker 1: block and pick up coins in a videotape.
• 25:23
  Speaker 2: It's not just Mario gard Seriously, if you have.
• 25:26
  Speaker 1: No expendable income right now, you're not alone. That's a
• 25:29
  Speaker 1: very very common situation, but you can look for creative
• 25:33
  Speaker 1: ways to free up cash. So you can use that
• 25:36
  Speaker 1: hour's worked rule from a former investment back i turned
• 25:39
  Speaker 1: content creator Niche Shah, before purchasing an item, calculates how
• 25:43
  Speaker 1: many hours of work that she'd be trading to afford it. So,
• 25:48
  Speaker 1: if you wanted a new pair of sneakers that cost
• 25:50
  Speaker 1: one hundred dollars when you're earning twenty dollars an hour,
• 25:53
  Speaker 1: that would cost you five hours of work, yep, you know.
• 25:57
  Speaker 1: And if that's your fifth pair of shoes, you'd probably
• 26:00
  Speaker 1: be trading twenty five hours of work. Yeah, which I'm like,
• 26:04
  Speaker 1: that would probably help for like when we're all crumbling
• 26:07
  Speaker 1: and buying like seventy colored shades of the addedor sombers.
• 26:12
  Speaker 2: We were all there, We're all there. Yeah, you were there. Yeah,
• 26:15
  Speaker 2: you were there, you were there.
• 26:17
  Speaker 1: M's mullins. She was there.
• 26:18
  Speaker 2: She was there, honestly.
• 26:21
  Speaker 1: And also kind of like what you were saying. But
• 26:23
  Speaker 1: momentum matters, Like the more you keep your promise to
• 26:26
  Speaker 1: yourself with saving and building a fuck you fund and
• 26:29
  Speaker 1: building that empowerment for yourself, the better you will get
• 26:33
  Speaker 1: at it. Like money is a muscle, and the more
• 26:36
  Speaker 1: that you exercise it, the stronger you will be at it.
• 26:39
  Speaker 1: And I definitely think like I EBB and flow in
• 26:45
  Speaker 1: it absolutely, like you don't just flip the switch and
• 26:48
  Speaker 1: you're like, I'm good with money now, Like if I
• 26:51
  Speaker 1: check my budget and do my budget that week, I'm
• 26:53
  Speaker 1: so much stronger with it. If I don't do my
• 26:55
  Speaker 1: budget that week, I'm like Lee, and you get a
• 26:59
  Speaker 1: coffee and I have Subway for lunch, and I like
• 27:01
  Speaker 1: those shoes, Like it's so much more. I'll be like, oh,
• 27:05
  Speaker 1: fuck it yeah, Like, oh, I don't know, it's a.
• 27:08
  Speaker 2: Fuck it fun, it's you fun.
• 27:10
  Speaker 1: Yeah, that's what we need to do. The Yes, that's
• 27:14
  Speaker 1: what we need to do, the rebrand. But when it
• 27:16
  Speaker 1: comes to your fuck you fun or any money managing strategy,
• 27:21
  Speaker 1: it's really about momentum over perfection, because, like you said,
• 27:25
  Speaker 1: the more that you do it, it's like a muxle.
• 27:26
  Speaker 2: You get better at it. But also like shit's gonna happen,
• 27:30
  Speaker 2: and like.
• 27:31
  Speaker 1: Shit happens, Shit happens.
• 27:35
  Speaker 2: Man, it's gurty, it's kurty, it's just girty, just girty.
• 27:39
  Speaker 1: Man, Cody is here, I can feel it. Yeah, But seriously,
• 27:45
  Speaker 1: like shit is gonna happen, You're gonna see something shiny
• 27:48
  Speaker 1: and spend money on it or you know, like the car.
• 27:51
  Speaker 2: So that's fine, and that's fine. Yeah, but I think
• 27:53
  Speaker 2: that's the thing.
• 27:54
  Speaker 1: Like when I was first, like starting with my savings,
• 27:58
  Speaker 1: I had like a strict goal of how much I
• 27:59
  Speaker 1: wanted to put away every month when I got paid.
• 28:03
  Speaker 1: But then some months I'd be like, I can't afford
• 28:05
  Speaker 1: that this month, or like I want to go to
• 28:06
  Speaker 1: Splendor in the Grass, So like, instead, this month, I'll
• 28:09
  Speaker 1: still put money in my savings, but it's going to
• 28:11
  Speaker 1: be a little less than last month. We can also
• 28:13
  Speaker 1: add that to the list of things my mom didn't
• 28:15
  Speaker 1: let me spend my savings on. I don't know what
• 28:18
  Speaker 1: seventeen take me back. He was playing I Want to
• 28:20
  Speaker 1: Sam Smith and she said, I said, Mama, want to
• 28:25
  Speaker 1: go to splend the Grass And all my friends were gone,
• 28:27
  Speaker 1: didn't have that many And she said, do you know
• 28:30
  Speaker 1: what splendor in the Grass? Mate said, no, what does
• 28:33
  Speaker 1: it mean? Mum? She could take me off behind shedd
• 28:35
  Speaker 1: and have your way with me.
• 28:36
  Speaker 2: You're not going that sounds great?
• 28:40
  Speaker 1: Little did she know I'm kidding.
• 28:45
  Speaker 2: Trains already left the station.
• 28:48
  Speaker 1: Well, doo, late, mother, maybe the train is less stasion,
• 28:52
  Speaker 1: but make it the v train.
• 28:54
  Speaker 3: Yeah shit, anyway, innuendos, innuendos, I could say that was anything.
• 29:05
  Speaker 2: Yeah, exactly. Can't frame me. You don't know me.
• 29:08
  Speaker 1: I wasn't there. I have an alibi, so yeah, I
• 29:11
  Speaker 1: didn't get to go. And it was a really good
• 29:12
  Speaker 1: line up that year.
• 29:13
  Speaker 2: Wow, twenty fourteen, What a year?
• 29:14
  Speaker 1: What a year? Well, yeah, there we go, there we go.
• 29:18
  Speaker 2: That is a rap.
• 29:20
  Speaker 1: But I would also love for you chicks to comment
• 29:22
  Speaker 1: below how you contribute to your fuck you fund each month.
• 29:27
  Speaker 1: Give us some little creative saving tips.
• 29:29
  Speaker 2: Yeah, please.
• 29:32
  Speaker 1: Your tips. Well that's a rap for today's episode of
• 29:36
  Speaker 1: Two Broke Chicks or Two Hot Daddies.
• 29:39
  Speaker 2: Why two hot cartoon dads?
• 29:42
  Speaker 1: Hot a cartoon lion and the cartoon fish walk in
• 29:45
  Speaker 1: through a ball? Oh yeah?
• 29:48
  Speaker 2: Would you fuck with nemostdad Marlin?
• 29:53
  Speaker 1: No, but.
• 29:58
  Speaker 2: And we can wrap the episode there.
• 30:00
  Speaker 1: Thanks you.
• 30:00
  Speaker 2: Chee's having us so he was wait what's his name? Okay?
• 30:04
  Speaker 1: Three to one, Gil, thanks for having us at your house.
• 30:07
  Speaker 1: We love to be here, Love you jicks. Hi