Latest / She's On The Money / She's On The Money Radio Recap - 15 October

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She's On The Money Radio Recap - 15 October · She's On The Money

0:03
Speaker 1: She's on the Money Radio Show.
0:07
Speaker 2: With Victoria Divine. Now.
0:10
Speaker 3: Hello, welcome to the She's on the Money Radio Show podcast,
0:13
Speaker 3: The radio show podcast for millennials who want financial freedom.
0:16
Speaker 4: Help me, I want financial freedom?
0:18
Speaker 1: You can have it, congratulations.
0:20
Speaker 5: Do you want some to apparently have been given away?
0:23
Speaker 5: Throw some my way? You know what I realized, guys,
0:26
Speaker 5: what's that funny? We are broadcasting and attracting three different generations. Here,
0:33
Speaker 5: Victoria's a millennial.
0:36
Speaker 4: Here, we got my mum listens to the show.
0:38
Speaker 3: You've ruined his burn mate, he's gonna say that I
0:43
Speaker 3: am Victoria.
0:43
Speaker 6: I set you up, all right, so we can laugh
0:46
Speaker 6: at trav guys, you ruin it.
0:48
Speaker 3: Here's what we're going to do, all right, because we're
0:51
Speaker 3: going to no, no, We're going to do point for
0:53
Speaker 3: she is beautiful. Let's do an edit point here and
0:56
Speaker 3: when we go live to where guys, it will sound fantasmic.
0:59
Speaker 2: TRAVI, it's not worth it.
1:00
Speaker 6: That's such a gen boomer thing to say.
1:04
Speaker 1: On TikTok.
1:05
Speaker 5: Recently, they're talking about the millennial break, which is that
1:09
Speaker 5: when you're watching video content online the older generations, which
1:13
Speaker 5: I falled into and I didn't realize I do this.
1:15
Speaker 5: If they post video content, there's like a half a
1:18
Speaker 5: second before they actually start filming because they're waiting for
1:20
Speaker 5: the camera to turn on gen zs they just go
1:24
Speaker 5: straight into it because they're way better than us. And
1:27
Speaker 5: I was attending a webinar the other day on how
1:28
Speaker 5: to be better at creating video content and they said
1:31
Speaker 5: edit that breakout and I was like.
1:32
Speaker 4: Oh, I didn't. I don't have that. What are you
1:34
Speaker 4: talking about?
1:34
Speaker 5: Reviewed all my videos definitely have it so great I'm old.
1:39
Speaker 3: You know. The funny thing is it's when you actually
1:42
Speaker 3: have those glasses just over the point of your nose
1:44
Speaker 3: there and you're like, is the camera on yet?
1:48
Speaker 6: No?
1:48
Speaker 4: No, no. I love that.
1:49
Speaker 5: It's the authentic part of me. I don't usually go
1:52
Speaker 5: on camera with my glasses. Can you talk about that?
1:54
Speaker 1: Sorry? Mate?
1:55
Speaker 3: Hey, what we can talk about is saving people money,
1:57
Speaker 3: which we did on the show.
1:58
Speaker 5: I feel like this episode was really good. We had
2:01
Speaker 5: some good callers, but all of the money wins that
2:04
Speaker 5: I'm like, hey, here's some super Savor Saturday tips. They're
2:06
Speaker 5: just basically me telling you how bad I am at
2:09
Speaker 5: money and giving you three tips that I need to implement.
2:11
Speaker 5: So it's all good. It's all good, but like it's
2:13
Speaker 5: very self deprecating.
2:14
Speaker 3: So anyway, she's on the money radio community. If you
2:16
Speaker 3: could please jump online to socials and give us your
2:19
Speaker 3: tips so it's not all about Victoria next.
2:21
Speaker 5: S Reuly, I can't be the only one that's getting
2:23
Speaker 5: a little bit lax with their financial goals at the
2:26
Speaker 5: end of the year. I feel like I'm falling off
2:29
Speaker 5: the train.
2:30
Speaker 4: But sol a lot of people.
2:31
Speaker 6: So I was going to say the same thing. Yeah,
2:34
Speaker 6: everyone's the same bee that.
2:36
Speaker 4: Was only around the corner, isn't it scary?
2:38
Speaker 7: Yeah?
2:38
Speaker 1: That was one of your tips, though, is like getting
2:40
Speaker 1: on the train?
2:41
Speaker 5: No, it wasn't. It absolutely wasn't. But Junozin came out
2:43
Speaker 5: the other day. They're selling Christmas trees already, no doubt.
2:46
Speaker 5: Advent Calendar's already for sale. Christmas decorations. There are the
2:50
Speaker 5: front dancing Santa's. You can pick one up really easily.
2:52
Speaker 3: Now, see, as soon as Halloween is finished, then it
2:56
Speaker 3: is all on like Donkey Kong.
2:58
Speaker 5: Okay, but Halloween is not done. It's not even Halloween yet,
3:01
Speaker 5: and the Christmas stuff is out. Is that what's meant
3:03
Speaker 5: to be scary?
3:04
Speaker 4: They're like coming to Kenymart. This Christmas stuff and it's Halloween.
3:07
Speaker 4: This is as scary as hell.
3:09
Speaker 3: And the funny thing is it's for Christmas twenty twenty three, Victoria,
3:11
Speaker 3: All that shit is already all right, let's get into
3:14
Speaker 3: a guy's that she's on the Money radio show starts
3:17
Speaker 3: right now, pushing play.
3:18
Speaker 6: Oh god, that's such a movie thing to say, pressing
3:21
Speaker 6: play on my recorder?
3:22
Speaker 2: Right, mald did you.
3:24
Speaker 3: Ever tape songs off the radio and then get annoyed
3:27
Speaker 3: when the radio DJ's Mitch would like sing you like,
3:30
Speaker 3: stop it, I'm trying to hear this song.
3:31
Speaker 4: Yeah, or they'd like watermark their songs.
3:34
Speaker 1: Godcha.
3:35
Speaker 2: Also, this is still in the show right. Our producer
3:37
Speaker 2: just barged in, we were done.
3:39
Speaker 5: Mel, get out, were trying to do a radio shot.
3:43
Speaker 1: Well you're not even important, mate, stop it.
3:46
Speaker 2: Don't say that, mel mn Oh god, thank you.
3:50
Speaker 6: And you know what, Mel, I'm your witness also agree.
3:54
Speaker 1: What a pity? This just accidentally got edited out.
3:57
Speaker 4: No it didn't, No, it didn't.
3:59
Speaker 1: Show starts now.
4:00
Speaker 6: I think we're having a very adult conversation now, and
4:04
Speaker 6: we talk about it, aren't we. Yeah, finance is a
4:06
Speaker 6: very adult conversation. But v were showing you something on
4:09
Speaker 6: her phone in a hidden folder, and v I'll let
4:11
Speaker 6: you take it from here.
4:11
Speaker 2: Because those photos were revealing it.
4:13
Speaker 4: I wasn't going to tell anybody in that calculator app.
4:16
Speaker 4: Is that not what we're talking.
4:17
Speaker 1: About, Surete? If that's okay?
4:20
Speaker 5: So of course I have written a book about it.
4:24
Speaker 5: Our mates are doing it. It feels like everyone's doing it.
4:26
Speaker 5: Today we are going to be talking about investing. Obviously
4:29
Speaker 5: I didn't write a book about cryptocurrency investing, but we're
4:32
Speaker 5: going to talk about it today because it seems like
4:34
Speaker 5: every man, his dog and celebrity is investing in cryptocurrency
4:38
Speaker 5: or being sued for posting cryptocurrency.
4:42
Speaker 4: Yes programs on the internet.
4:44
Speaker 5: It just seems like a spicy topic we should cover,
4:47
Speaker 5: and I mean anything to get Kim Kardashian on the show.
4:49
Speaker 3: I guess like so many people are out there, They're
4:51
Speaker 3: throwing around like.
4:52
Speaker 1: Oh, you've got to invest in crypto.
4:55
Speaker 3: But Mitchie and I are always trying to press you
4:57
Speaker 3: for you know, all these investing tips for the show.
5:00
Speaker 1: That's really for us, So what kind of stuff?
5:03
Speaker 5: I already knew it was for you because you never
5:04
Speaker 5: ask on air. You're always like after you, Oh, can
5:07
Speaker 5: we pay for your coffee after the show?
5:09
Speaker 2: Yeah?
5:09
Speaker 4: So what is your investment portfolio made up of?
5:12
Speaker 6: We winds, a lot of easy shoes and designer balanc
5:14
Speaker 6: Yagger bags. That's a good investment, right, same mind's mate, Chanel.
5:17
Speaker 3: We pay for that coffee with money we make from
5:19
Speaker 3: your investing advice mates.
5:20
Speaker 4: So what are so welcome?
5:22
Speaker 1: What are we investing in?
5:23
Speaker 3: What's something that our listeners and our community can actually
5:26
Speaker 3: invest in that's going to make an actual money.
5:28
Speaker 5: You can invest in literally anything, And I mean it
5:30
Speaker 5: would be a breach of the ACIC guidelines for me
5:33
Speaker 5: to say, oh, this is the thing that you can
5:35
Speaker 5: invest in. But it's one of those things that it's
5:37
Speaker 5: different for everybody. It could be you investing in having
5:40
Speaker 5: a good emergency fund, because I think that that's my
5:43
Speaker 5: number one rule of life. Every single person, regardless of
5:46
Speaker 5: who you are or what you do, you need an
5:48
Speaker 5: emergency fund.
5:49
Speaker 6: What do you mean, like like a little wad of
5:50
Speaker 6: cash in case you have a carbing or you get sick.
5:52
Speaker 5: Yeah, a little bit of casholer off to the side,
5:55
Speaker 5: and it's kind of like a fund that gets you
5:57
Speaker 5: out of jail.
5:58
Speaker 4: It's like they get out of jail free card.
5:59
Speaker 5: In an where you know, if you find yourself in
6:01
Speaker 5: a little bit of a pickle, you can just whip
6:03
Speaker 5: it out and be like.
6:03
Speaker 4: Ha, ha ha, how much you had me?
6:06
Speaker 2: How much?
6:06
Speaker 4: It really depends.
6:07
Speaker 5: So if you're a UNI student, you're still at home
6:10
Speaker 5: and you don't have like that many overheads, maybe five.
6:12
Speaker 4: Hundred bucks stashed to the side is more than sufficient.
6:15
Speaker 5: But if you're a mum of two and you're currently
6:16
Speaker 5: driving the kids to footy practice, and you've got a mortgage,
6:19
Speaker 5: and you've got a couple of cars on the road,
6:21
Speaker 5: and you're a single income household, well that's going to
6:24
Speaker 5: look really different, right. But let's get some rules in place,
6:27
Speaker 5: because I feel like guidelines are very helpful. And if
6:30
Speaker 5: you don't have an emergency fund or you're wondering where
6:32
Speaker 5: do I start, I would say with about three months
6:34
Speaker 5: worth of expenses. So when I say three months worth
6:37
Speaker 5: of expenses, we're not talking about your savings or your investments.
6:39
Speaker 5: We're just talking about what would it cost to keep
6:42
Speaker 5: the roof over your head and all your bills paid
6:43
Speaker 5: and your mortgage on track and everything else in line,
6:46
Speaker 5: so that if something did happen you are covered.
6:50
Speaker 3: And I remember you were telling us a few months
6:52
Speaker 3: ago that it's as easy as taking that extra money
6:55
Speaker 3: every single month or whatever is from your salary after
6:58
Speaker 3: your expenses and put that away, because that's not free money.
7:00
Speaker 1: Like Mitch Cheery thinks.
7:01
Speaker 5: No such thing as free money. We put every single
7:04
Speaker 5: dollar we earn to work.
7:06
Speaker 2: No, no, no free money.
7:07
Speaker 6: You know, when you're driving your car and you go
7:08
Speaker 6: to Macas and you put your hand in between the
7:10
Speaker 6: seat and like the cup holders, and you find a
7:12
Speaker 6: two dollar coin, that's my free money, No free money,
7:15
Speaker 6: free money, that was your money'd out of the blue.
7:19
Speaker 5: It's free money, okay, But like you know what's more
7:22
Speaker 5: free money when you download the macas app and actually
7:24
Speaker 5: use that to get free food, so you didn't have
7:26
Speaker 5: to use the two dollar coin.
7:27
Speaker 1: Yes, yes, yes, not sponsored.
7:29
Speaker 5: It's actually not sponsored. I just love a Maca's diet coke,
7:32
Speaker 5: you know. But it's amazing how investing is so accessible now,
7:35
Speaker 5: because I feel like historically there's just been this misconception
7:39
Speaker 5: that investing is only for the rich, right, and like
7:42
Speaker 5: twenty years ago, if you wanted to go into like
7:43
Speaker 5: a managed fund or something fancy like that, it might
7:46
Speaker 5: have cost you twenty thousand dollars to break into that.
7:48
Speaker 5: But now, I mean this is a shameless plug for
7:50
Speaker 5: a client I've worked with, but absolutely not a shameless
7:53
Speaker 5: paid plug.
7:54
Speaker 4: Shares is right.
7:55
Speaker 5: It is an investment app that you can just download
7:57
Speaker 5: and you can invest in fractions of shares instead of
8:00
Speaker 5: having to buy the whole share, which you know might
8:02
Speaker 5: be out of budget or might not be aligned.
8:04
Speaker 4: To your values.
8:05
Speaker 5: At this point, you can buy like a fraction of
8:07
Speaker 5: it and you can invest on their platform in heaps
8:09
Speaker 5: of stuff you can, So.
8:10
Speaker 2: It's a share of a share.
8:11
Speaker 4: It's a share of a shares.
8:12
Speaker 5: Why they're called chezis go figure. But also you can
8:15
Speaker 5: invest with as little as one sense. So investing nowadays
8:18
Speaker 5: is not unaccessible like in fact, I can't make it
8:20
Speaker 5: more accessible.
8:21
Speaker 4: That's the lowest of the.
8:22
Speaker 3: Low All right, let's do this thirty one to six five.
8:25
Speaker 3: What have you invested in that's given you a little
8:27
Speaker 3: bit of a win? We just want to steal some
8:29
Speaker 3: tips for us. Let's be honest. But it could be
8:32
Speaker 3: you know something that you stumbled onto like a chas ease, you.
8:35
Speaker 5: Know anything, or is it actually investing apps? Because I
8:38
Speaker 5: bought a dress a while ago.
8:40
Speaker 3: No, no good, it's different.
8:44
Speaker 4: Let me finish.
8:44
Speaker 5: I bought it, it was on sale at the shop.
8:47
Speaker 5: I wore it to my event and then I had
8:50
Speaker 5: every intention of selling it on Facebook Marketplace.
8:52
Speaker 4: But before I did that, I looked up what others
8:54
Speaker 4: were selling it for. Sold it for more than what
8:56
Speaker 4: I paid for it. Got to wear the dress.
8:58
Speaker 1: Fantastic, Like good investment. Like those people that.
9:01
Speaker 3: Go to yard sales and like scan the little thing
9:03
Speaker 3: and go, oh my god, this is three bucks, but
9:04
Speaker 3: it's actually fifteen hundred bucks in real life. That's me either.
9:08
Speaker 3: But that's the kind of stuff we want to hear. Wins,
9:11
Speaker 3: even losses, even if you're like, absolutely.
9:14
Speaker 4: Talk to us about your investment.
9:15
Speaker 1: Let's do it. Thirty one oh six y five, going
9:17
Speaker 1: to take your calls.
9:17
Speaker 3: Next it's She's on the Money radio show with Australia's
9:21
Speaker 3: number one finance podcast and Mitschury.
9:23
Speaker 1: No, it's I just wanted to free.
9:28
Speaker 2: Well, Victoria, you know I did talk about cash. It
9:30
Speaker 2: was money cash, you know, the gold coins of a chocolate.
9:32
Speaker 1: I did speak about that.
9:34
Speaker 2: So maybe I am a finance podcast.
9:36
Speaker 4: I'm getting married soon.
9:37
Speaker 5: Maybe that can be the BOMBANNERI I just give everyone
9:39
Speaker 5: a gold calls chocolate coins, Eddie.
9:42
Speaker 2: Or Victoria, no one knows what a bombay?
9:44
Speaker 1: I was going to say, what the hell is that?
9:46
Speaker 5: I'm going to continue not to know because that wasn't
9:48
Speaker 5: in the budget for my wedding.
9:50
Speaker 6: No one's smashing plates as well, is there?
9:52
Speaker 2: Okay?
9:53
Speaker 5: I'm doing like I'm not even having a wedding cake.
9:55
Speaker 5: What a waste of money, Tory.
9:57
Speaker 6: Instead of a flower girl, you're gonna have a little
9:59
Speaker 6: girl with gold.
10:00
Speaker 4: Just throwingly crown. Hear me out, I'm having a flower dog,
10:04
Speaker 4: my dog.
10:06
Speaker 3: You are.
10:06
Speaker 2: I love it.
10:07
Speaker 3: Hey, if Lucy goes out of control starts smashing stuff up,
10:12
Speaker 3: it's going to be okay because she's on the money
10:14
Speaker 3: radio shows brought to you thanks to Budget Direct winner
10:16
Speaker 3: a can Stars Insurer of the Year Award twenty twenty two.
10:19
Speaker 1: Budget Direct Insurance.
10:21
Speaker 3: Sold talking about investment wins and losses here guy.
10:25
Speaker 6: Yeah, we want to know your investment wins or losses
10:28
Speaker 6: because it can be a tricky thing, right, Victoria. You
10:30
Speaker 6: think it's easy, but there's say laws involved, and there's
10:33
Speaker 6: a like you put a lot of money in and
10:35
Speaker 6: there's even bigger losses. So thirteen one oh sixty five.
10:37
Speaker 6: I think we've got back on the line. You've got
10:39
Speaker 6: a story, Hey.
10:40
Speaker 7: Back, okay. My investing story sort of happened about six
10:44
Speaker 7: months into COVID, where, like a lot of people, I
10:47
Speaker 7: was worried about my small business and the effects of
10:50
Speaker 7: all the restrictions I was going to have on that.
10:52
Speaker 7: And I did have a bit of savings. I'd sold
10:55
Speaker 7: a property and an opportunity came up to get involved
10:58
Speaker 7: in a sector that I'd never been involved with before,
11:01
Speaker 7: which was a health food store. So I actually invested
11:05
Speaker 7: all of my savings and became a twenty five percent
11:09
Speaker 7: owner in health fridge store.
11:11
Speaker 8: Took a risk and yeah, so.
11:13
Speaker 7: Far earning about one thousand dollars a week passive income
11:17
Speaker 7: and in four days time about to open the second one.
11:20
Speaker 1: Look at.
11:22
Speaker 4: Oh my gosh, what is this company called?
11:24
Speaker 5: So we can give you a little sneaky plus.
11:27
Speaker 7: Well, we're actually based in Queensland and it's the Tweed
11:32
Speaker 7: health food store that was.
11:36
Speaker 2: And I love Tweed. Tweet's a great little area.
11:39
Speaker 1: It's a little beach.
11:40
Speaker 7: Yes really it really is.
11:43
Speaker 6: This snapper I love that place, right, So that's just
11:45
Speaker 6: called to humble, brag and get a free plug.
11:47
Speaker 2: That is like I.
11:50
Speaker 7: Am bragging here, but no so far it's definitely a win.
11:53
Speaker 5: And money's all about bragging and I brag about you too.
11:57
Speaker 3: I love it all right, Russell's given us call th
11:59
Speaker 3: when six five mate? What is your investment win or loss?
12:03
Speaker 8: Oh? Look, I've had an eventful sort of a few years.
12:06
Speaker 8: It's the end in my career. I think being an
12:08
Speaker 8: AFL player is sort of get a little bit extra
12:10
Speaker 8: and they get more now, I might add than when
12:12
Speaker 8: I was playing.
12:14
Speaker 5: We're talking about bragging on the shows to cash AFL
12:18
Speaker 5: player calling up to let us know that he's an AFLR.
12:21
Speaker 5: What did you invest in apart from your footy career?
12:25
Speaker 8: I was kind of lucky at the end of my career.
12:27
Speaker 8: I had a mate who had a really great idea
12:29
Speaker 8: of concept for an app. It's called team App, which
12:32
Speaker 8: was really in the early days, an idea around creating
12:35
Speaker 8: a social Facebook type thing for each club, something that
12:39
Speaker 8: they could call their own.
12:40
Speaker 4: That's massive.
12:41
Speaker 5: My partner us is that Good Olds and Kevin's Old
12:43
Speaker 5: Boys soccer club.
12:44
Speaker 4: Yeah, no, they kill it.
12:46
Speaker 1: So you put some of your cash into that, Russell, Yeah,
12:48
Speaker 1: put some.
12:48
Speaker 8: Money in and look, it was a real It's not
12:51
Speaker 8: small amounts of cash. When you're creating something that's kind
12:53
Speaker 8: of decent on in the app space, you've got to
12:55
Speaker 8: be willing to throw some money behind it. We did
12:58
Speaker 8: that and we sold.
13:00
Speaker 1: So really thanks.
13:03
Speaker 3: It's nice to know that our community are making some money,
13:06
Speaker 3: and probably off of the advice of one Victoria Devine.
13:09
Speaker 1: I'd say I think that's right.
13:11
Speaker 3: Speaking of making money, though, coming up next, we've got
13:13
Speaker 3: a money dilemma. George just hit us up at she's
13:16
Speaker 3: on the Money on socials, which you can do as well.
13:18
Speaker 3: She wants to buy an investment property, I believe, and
13:21
Speaker 3: she wants to know all the ins and outs. Victoria
13:24
Speaker 3: up for that.
13:24
Speaker 4: I am always up for that.
13:26
Speaker 5: I love talking about investing in a holiday home and
13:29
Speaker 5: I want to know more about it.
13:30
Speaker 4: To be honest, I get.
13:31
Speaker 5: Real pervy when people start to about property. I'm like,
13:33
Speaker 5: you got the domain link or not?
13:37
Speaker 2: This is She's on the Money radio show.
13:39
Speaker 1: Let's do this.
13:42
Speaker 2: Yeah. Every week.
13:43
Speaker 6: What we do is we bring someone's financial story on
13:45
Speaker 6: air a listener or part of that she's on the
13:47
Speaker 6: Money community and they get Victoria's advice on what they
13:50
Speaker 6: should do. So Georgia has sent us a DM about
13:52
Speaker 6: investing on a holiday house and how to go about it,
13:55
Speaker 6: which would be a very daunting thing. So she says,
13:57
Speaker 6: hi Ve, I really want to look into investing in
13:59
Speaker 6: a whole day home. The cost of traveler is crazy
14:02
Speaker 6: right now, and I feel my money will be best
14:04
Speaker 6: used by giving us a place to escape to. I'm
14:07
Speaker 6: concerned about this because the inconsistency and interest rate hikes,
14:12
Speaker 6: as well as talk of a recession looming. Is it
14:15
Speaker 6: the right thing to be doing? What does a feasible
14:17
Speaker 6: yield on investment property? Fancy words? And how would you
14:20
Speaker 6: structure the loan? Like would you do an interest or
14:22
Speaker 6: self managed super fun? Lots of questions? What do we think?
14:25
Speaker 5: Well, first things first, No, we would not do a
14:27
Speaker 5: self managed super fund.
14:29
Speaker 4: One out of ten cannot recommend.
14:31
Speaker 5: Every accountant driving in their car right now is furiously
14:34
Speaker 5: shaking their pay Why don't put all your money in
14:37
Speaker 5: one investment class? It's also really really regulated nowadays. But
14:42
Speaker 5: let's get back to the investment property slash holiday home vibe.
14:45
Speaker 5: I feel like so many people are doing that now,
14:48
Speaker 5: But what I would do is all the research first.
14:51
Speaker 5: So not only have you said I think my money
14:53
Speaker 5: would be best used there. Okay, no worries. I can't
14:55
Speaker 5: tell you that's not the case because I don't know
14:57
Speaker 5: your personal circumstances. But what I can you to do is,
15:01
Speaker 5: if you're planning on leasing it out, like if it's
15:03
Speaker 5: a holiday home just for you and your family, look
15:05
Speaker 5: at what those mortgage repayments would be and whether that's
15:08
Speaker 5: actually something you want to outlay, because obviously, with rising
15:11
Speaker 5: rate increases over time, like that might be more expensive
15:14
Speaker 5: than you're anticipating. I would also talk to a mortgage
15:17
Speaker 5: broker and actually get the numbers because it is actually
15:20
Speaker 5: a different interest rate for whether it is owner occupied
15:23
Speaker 5: which means you live there, or it's an investment property.
15:26
Speaker 5: So obviously subtle plug for Zella money. Obviously, the best
15:29
Speaker 5: mortgage brokers in the entire year of those.
15:31
Speaker 3: Guys, they got me three million dollars and I don't
15:33
Speaker 3: even earn any money.
15:34
Speaker 4: That's not even true. But that's okay.
15:36
Speaker 5: If you have the income to support it, I will
15:38
Speaker 5: get you your three million dollars, but do a little
15:42
Speaker 5: bit of sneaky research. So one thing that I talk
15:44
Speaker 5: to a lot of clients about, or used to talk
15:46
Speaker 5: to a lot of clients about is jumping on Airbnb
15:48
Speaker 5: looking at like vacancy rates and how much they lease
15:51
Speaker 5: for over busy periods. So if you want to be
15:54
Speaker 5: sneaky about it, you could buy this holiday home to
15:56
Speaker 5: use in maybe off periods, but you might end up
15:59
Speaker 5: making bangco like Christmas and New Year's And I know
16:02
Speaker 5: that might be the period of time that you want
16:04
Speaker 5: to use it, but we also want to pay off
16:06
Speaker 5: that mortgage. So Airbnb might be the place to start
16:09
Speaker 5: when it comes to actually working out. All right, if
16:12
Speaker 5: this is going to be a holiday home that we
16:13
Speaker 5: then lease out and making actual investment, not just a
16:15
Speaker 5: property that we sit on. You can have a look
16:17
Speaker 5: at the area and what other properties are there, because
16:20
Speaker 5: you're kind of having a look at the competition in
16:22
Speaker 5: a way. And if you find out that they're, oh
16:24
Speaker 5: my gosh, there's a massive saturation of apartments in that
16:26
Speaker 5: area and they all look super swanky. But all I
16:29
Speaker 5: can afford is a two bedroom, not renovated place, Maybe
16:32
Speaker 5: that's not the stream you want to go down because
16:35
Speaker 5: you might not be getting the rental yield that you're expecting.
16:37
Speaker 5: It also really depends, I mean, you did say obviously,
16:40
Speaker 5: I feel like my money would be best used by
16:42
Speaker 5: giving us a place to escape to, or what does
16:45
Speaker 5: that actually cost and what's the trade off there? Because
16:48
Speaker 5: as much as it sounds so romantic and honestly a
16:51
Speaker 5: little bit sexy to be like, oh, let's go down
16:53
Speaker 5: to the holiday house mortgage, your payments are a lot
16:56
Speaker 5: and nowadays with the rising cost of property, average property
17:00
Speaker 5: in Melbourne cities a million dollars obviously probably not looking
17:02
Speaker 5: at that much for a holiday house. But we'll get
17:05
Speaker 5: your payments for a million dollars are sitting at about
17:08
Speaker 5: five to seven thousand dollars a month. If you're in
17:11
Speaker 5: that circumstance and you're just paying that off as an investment,
17:14
Speaker 5: is it actually better to just say five to seven
17:16
Speaker 5: thousand dollars and go on a holiday and then put
17:18
Speaker 5: your money into something else that might be a better
17:21
Speaker 5: use of time, energy and effort, Like you really just
17:23
Speaker 5: need to do the cost benefit analysis and from my perspective,
17:27
Speaker 5: take a bit of the emotion out of it to
17:28
Speaker 5: make the best financial decision for you and your family.
17:31
Speaker 3: So, if you are looking though to airbnbt out though,
17:34
Speaker 3: what kind of money is like a good yield, Well, it.
17:36
Speaker 5: Really depends on what your purchase price is, right, So
17:39
Speaker 5: they say that on average, when you're looking at property,
17:41
Speaker 5: you kind of want about five percent yield. That's the
17:44
Speaker 5: old school rules. Obviously, now with interest rates increasing, it's
17:48
Speaker 5: very unlikely that you might get a yield of five percent.
17:51
Speaker 4: But there can be anything.
17:52
Speaker 5: Honestly, it could be a really beautiful home in the
17:56
Speaker 5: Sticks that cost you like three hundred grand to buy,
17:59
Speaker 5: but because it's not got any other Airbnbs in the area,
18:02
Speaker 5: you're renting it out for six hundred bucks. And yeah, yeah,
18:05
Speaker 5: Like there are so many different ways to get into
18:08
Speaker 5: this and pick a property. But as I said, I'd
18:10
Speaker 5: really use Airbnb to do a bit more research and
18:13
Speaker 5: see one vacancy rates too, what are people charging per night?
18:16
Speaker 5: But also what are the people who are renting in
18:19
Speaker 5: that area's expectations? Like are the properties really boring and
18:23
Speaker 5: playing or are they like mega mansions and they come.
18:26
Speaker 4: With a butler?
18:27
Speaker 5: Like what are the expectations of the people renting these
18:30
Speaker 5: properties that would make your property quite attractive to lease?
18:33
Speaker 1: Amazing advice.
18:34
Speaker 3: All right, if you've got a money Jaalamma, you've got
18:36
Speaker 3: a question for us, just hit us up at She's
18:38
Speaker 3: on the money on any socials.
18:40
Speaker 2: Simper save a Saturday all right.
18:42
Speaker 6: Every week Victoria tries her best to give us some
18:44
Speaker 6: sneaky tips on how to keep more bucks in your
18:47
Speaker 6: bank account. Quickly, Victoria, I did say before, you know,
18:51
Speaker 6: when you put your hand in between the car seat
18:52
Speaker 6: and like the cup holes in you and you find
18:55
Speaker 6: cash that money with, that's free money, and that is
18:57
Speaker 6: a money tip.
18:58
Speaker 2: Sorry, that is it even going.
18:59
Speaker 5: To keep talking about this? Okay, download your Maca's app
19:03
Speaker 5: and use that instead.
19:04
Speaker 2: Exactly is that a tip? Or is that? Is that
19:06
Speaker 2: just an extra AdLib one?
19:07
Speaker 5: It's just an extra ad lib one? But I also
19:09
Speaker 5: who has cash anymore? Like I cannot remember the last
19:12
Speaker 5: time I had coins that could fall down the car seat?
19:16
Speaker 4: So what are you doing?
19:16
Speaker 5: Do you just get your envelopes out each week and
19:18
Speaker 5: popp all your money in there?
19:20
Speaker 2: And no, I don't give us some tips some real time.
19:22
Speaker 5: Look, this week I really racked my brain. But I
19:25
Speaker 5: feel like I've been really naughty. And it's not even
19:28
Speaker 5: this week. It's over the last few months. I've been
19:29
Speaker 5: slipping a little bit. So the tips I've got are
19:32
Speaker 5: just like gentle reminders for the one and only me,
19:36
Speaker 5: but also I feel like if I share them on
19:37
Speaker 5: the show, I'm making myself accountable. But then also maybe
19:41
Speaker 5: you guys need a little sneaky reminder too.
19:43
Speaker 4: So the first thing, my first tip is, Victoria.
19:46
Speaker 5: Devine, use public transport or ride your bike. I don't
19:50
Speaker 5: have a bike, but ride your scooter or whatever you've got.
19:52
Speaker 5: Because parking, now that COVID is done and dusted and
19:56
Speaker 5: everyone seems to be dry, it's been going up.
19:58
Speaker 4: Like I drove into.
19:59
Speaker 5: This the other day, and like, if I'm here, there
20:02
Speaker 5: and everywhere, and I'm you know, needing to drive to meetings,
20:04
Speaker 5: I do have to pay city parking. Usually that's like
20:07
Speaker 5: twenty to twenty five dollars, which is an absolute stooge
20:09
Speaker 5: to begin with. Where my office is located, they've gone up.
20:12
Speaker 5: Do you know how much it is to park beside
20:14
Speaker 5: my office now?
20:15
Speaker 1: Thirty bucks?
20:16
Speaker 4: Nope, it is thirty eight dollars.
20:18
Speaker 2: See what's the point?
20:19
Speaker 5: I actually just don't understand anyway, So I'm gonna have
20:22
Speaker 5: to start using public transport. It's kind of hard to
20:24
Speaker 5: take the dog to work when you're on the train.
20:26
Speaker 5: But the next tip, this is all about me today.
20:29
Speaker 5: I do apologize.
20:30
Speaker 2: It's your show.
20:31
Speaker 4: I've been so naughty.
20:32
Speaker 5: On uber eats, all right, Mitch Cheery, Oh, I feel like, yeah,
20:35
Speaker 5: I feel like when we started this radio show, it was,
20:38
Speaker 5: oh my gosh, Mitch Cheery spent what was at metch.
20:40
Speaker 5: I haven't forgotten ten thousand dollars on uber eats and
20:45
Speaker 5: in a year, and I just feel like it.
20:49
Speaker 4: Really starts to creep up on you. Hey, Like it
20:51
Speaker 4: just is one of those things.
20:52
Speaker 5: I've got a lot going on, so I'm just like
20:54
Speaker 5: trying to make this sound better.
20:56
Speaker 4: I've got work, I've got life.
20:57
Speaker 5: I'm planning a wedding, I'm about to you know. All
20:59
Speaker 5: of that means that sometimes I'm like, oh, Steve, do
21:02
Speaker 5: you just want to get a cheeky luxA? And we do,
21:04
Speaker 5: and I just feel a bit guilty at the moment.
21:07
Speaker 5: And so this is my reminder to get a few
21:09
Speaker 5: more freezer meals or fridge meals in the fridge so
21:12
Speaker 5: I can actually keep.
21:13
Speaker 4: On top of that.
21:13
Speaker 3: Yeah, this is not a cheeky plug at all. Definitely
21:16
Speaker 3: not sponsored. But during COVID, because they didn't want to
21:18
Speaker 3: go down to the supermarkets, I got.
21:21
Speaker 4: Dinnery oh yeah, yeah.
21:23
Speaker 1: Real cheap that one.
21:24
Speaker 3: And the thing is they take twenty minutes to cook,
21:27
Speaker 3: so you know what you're having for dinner every single day,
21:29
Speaker 3: and you kind of forced to have it because it's
21:31
Speaker 3: going to go off otherwise.
21:32
Speaker 5: So yeah, oh, can I do a cheeky plug. I'm
21:34
Speaker 5: actually working with Marley Spoon at the moment, which I'm
21:37
Speaker 5: super stoked about because obviously they're great, but I used
21:40
Speaker 5: to be their biggest fan.
21:41
Speaker 4: Like I looked at their social stuff.
21:42
Speaker 5: I've been tagging them in my my Masterpieces since twenty seventeen,
21:47
Speaker 5: and it's only now that I've got a radio show
21:49
Speaker 5: that they.
21:49
Speaker 1: Reply, oh classic Marley.
21:51
Speaker 4: So honestly, they're giving my community. They're going to love
21:53
Speaker 4: this plug.
21:54
Speaker 5: One ninety five off their first four boxes by using
21:57
Speaker 5: the code Victoria ten out of ten. If you want
21:59
Speaker 5: to try, Marley Spoon give you nearly two hundred bucks
22:02
Speaker 5: off your grocery bill.
22:03
Speaker 3: What a money We in not just giving us money,
22:05
Speaker 3: you're actually giving us food, Victoria.
22:06
Speaker 5: Honestly, that's not a paid plug. Again, our radio show
22:10
Speaker 5: is not big enough for that many paid plugs. I
22:12
Speaker 5: just shared things I love, and to be honest, that
22:14
Speaker 5: is why I agreed to it so quickly. I was like,
22:16
Speaker 5: you know, what I need to get back on the
22:17
Speaker 5: Mali train because I have not been cooking at home
22:20
Speaker 5: enough and this kind of forces you down there with
22:22
Speaker 5: food you actually want to cook.
22:23
Speaker 1: You know what I got for this afternoon?
22:24
Speaker 5: What have you got?
22:25
Speaker 1: A little chicken cash you?
22:26
Speaker 4: Oh, you're so fancy.
22:28
Speaker 5: I'm just gonna eat more Fredo Frogs honestly, and then
22:32
Speaker 5: the next tier. But I've been making sure that I'm
22:34
Speaker 5: putting my health first, and I've been going to the.
22:36
Speaker 1: Doctor with a fretdo frogs good one?
22:38
Speaker 2: Mate?
22:39
Speaker 4: Oh look balance Trav.
22:41
Speaker 5: But I have been going to the doctor recently just
22:43
Speaker 5: to like do check ups, make sure I'm aokay, pick
22:45
Speaker 5: up some new scripts.
22:47
Speaker 4: Bulk billing.
22:47
Speaker 6: Yeah, my GP. Oh he's fantastic. And he's one of
22:50
Speaker 6: those old school gps that still has jelly beans.
22:53
Speaker 1: I love that.
22:54
Speaker 6: I just want to say, and I'm not coping, Victoria,
22:56
Speaker 6: but if you go to this local GP end quote Mitch,
22:59
Speaker 6: you'll get ten percent off your vaccinations.
23:02
Speaker 3: And also a free jelly bean. You get a free
23:05
Speaker 3: are you getting paid in jelly bean's?
23:07
Speaker 1: Mitch? Sure is what's going on here?
23:08
Speaker 2: Let's go, guys. It's been a great show. Time to
23:10
Speaker 2: wrap her.
23:11
Speaker 1: If you've got a tip, you can hit us up anytime.
23:13
Speaker 1: Just search.
23:13
Speaker 3: She's on the Money on Socials. Yes, we are going
23:16
Speaker 3: to get out of here, Mitch. You've got to stick around.
23:18
Speaker 3: You are joining the Live Uncut radio show with Laura Fern.
23:22
Speaker 1: I think every week.
23:24
Speaker 6: It's not like it's Laura Burn, Britney Hockley. I love
23:27
Speaker 6: them not as much as I love you too, though.
23:29
Speaker 6: It's been a great week. It's been really good to
23:31
Speaker 6: be back guys, and on all socials at Mitch Jury.
23:33
Speaker 6: Slide into the DMS and let me know how much
23:36
Speaker 6: you miss me. Thank you so much.
23:37
Speaker 3: Victoria's just tuned out. She's checking her phone right now.
23:40
Speaker 1: She has that is coming up next.
23:42
Speaker 3: This has been She's on the Money radio show for
23:44
Speaker 3: your Saturday morning