Latest / She's On The Money / New year, new money story

Transcript

New year, new money story · She's On The Money

• 0:00
  Speaker 1: She's on the Money. She's on the Money.
• 0:19
  Speaker 2: Hello, and welcome to a brand new season of She's
• 0:21
  Speaker 2: on the Money, the podcast for millennials who want financial freedom.
• 0:25
  Speaker 2: This week's episode is brought to you by Shopback. Be
• 0:27
  Speaker 2: smart with your ownline shopping and get up to thirty
• 0:29
  Speaker 2: percent of your purchase back as real money. My name
• 0:32
  Speaker 2: is Georgia King. I'm a writer and TV production assistant,
• 0:35
  Speaker 2: and I'm someone who just really wants to lift my
• 0:37
  Speaker 2: game when it comes to all things money. To do that,
• 0:39
  Speaker 2: we put our friend and money expert, Victoria Devine back
• 0:42
  Speaker 2: in the hot seat to help us clean up the
• 0:44
  Speaker 2: money side of our lives. Think of Victoria as your wiser,
• 0:48
  Speaker 2: older sister. She might drop some truths when we aren't
• 0:51
  Speaker 2: quite ready to hear them, but she's always got our
• 0:53
  Speaker 2: best interests at heart, and we're all going to be
• 0:56
  Speaker 2: in better money positions because of it. She's on the
• 0:58
  Speaker 2: Money is a no judgment zone. We're not here to
• 1:00
  Speaker 2: make you feel bad or like you're behind. We're here
• 1:03
  Speaker 2: to make you feel included, like money is something you
• 1:05
  Speaker 2: should be talking about, from saving to spending to why
• 1:08
  Speaker 2: the hell investing is absolutely essential for everyone. We're here
• 1:12
  Speaker 2: for you. We've got your back. We're going to support you,
• 1:15
  Speaker 2: uplift you, and educate you because you're not in this alone.
• 1:17
  Speaker 2: Every week we'll be sharing tips and tricks so you
• 1:20
  Speaker 2: can be better at money. We've got an incredible Facebook
• 1:22
  Speaker 2: community where you can share your money wins and confessions,
• 1:25
  Speaker 2: plus an Instagram page that'll help keep you motivated or
• 1:28
  Speaker 2: at the very least make you giggle over a few
• 1:29
  Speaker 2: cheeky money memes. And we've got a newsletter that'll keep
• 1:32
  Speaker 2: you across all you need to know. But for now,
• 1:34
  Speaker 2: let's jump into the much awaited second season of the
• 1:37
  Speaker 2: show Get a Victoria. Hello, Welcome to season two, mate.
• 1:41
  Speaker 3: So excited to be here.
• 1:43
  Speaker 2: As always, it's time to chat money wins, money confessions.
• 1:47
  Speaker 2: How'd you go this week?
• 1:48
  Speaker 4: Victoria?
• 1:49
  Speaker 3: So, I actually have a money confession for you girls. Sorry,
• 1:52
  Speaker 3: not that naughty though. I think it's something that a
• 1:55
  Speaker 3: lot of people might have been doing. Over the last
• 1:56
  Speaker 3: couple of weeks. We've had a lot of time off,
• 2:00
  Speaker 3: which means I've had a lot of time to socialize,
• 2:03
  Speaker 3: and I've been going out a fair bit more than
• 2:05
  Speaker 3: I used to, so more brunches and lunches and casual
• 2:08
  Speaker 3: coffees with friends before we all go back to work,
• 2:11
  Speaker 3: which I have enjoyed to the n's degree. Yes, but
• 2:14
  Speaker 3: it definitely wasn't in the budget. And I know I've
• 2:17
  Speaker 3: probably spent a bit more than I probably should have.
• 2:20
  Speaker 2: Yeah, I think we all kind of do that in summer,
• 2:22
  Speaker 2: don't we, especially in Melbourne.
• 2:24
  Speaker 3: Yeah, and maybe I could have been a little bit
• 2:25
  Speaker 3: more conservative with it, but I definitely enjoyed it, so
• 2:28
  Speaker 3: maybe it's a money win. At the same time, it's
• 2:30
  Speaker 3: a little bit of a budget splurg.
• 2:33
  Speaker 2: Absolutely, what have you got for me? Well, mine is
• 2:36
  Speaker 2: a money win. I mean it was still kind of expensive.
• 2:39
  Speaker 2: But recently I went to a music festival, Oh fancy,
• 2:43
  Speaker 2: thank you. In the lead up, I wasn't sure I
• 2:44
  Speaker 2: was on the fence if I was going to go
• 2:46
  Speaker 2: or not, because these tickets to music festivals, as I'm
• 2:48
  Speaker 2: sure every way, price this one was like four hundred dollars,
• 2:51
  Speaker 2: Oh my gosh. And you know, it's an amazing weekend,
• 2:54
  Speaker 2: but it's a lot of money to fork out. Plus
• 2:56
  Speaker 2: you're spending money on outfits, booze, food, all that jazz. Anyway,
• 3:00
  Speaker 2: negotiating with a girl on a ticket price the day
• 3:02
  Speaker 2: before the festival and my brother messages me, I've got
• 3:05
  Speaker 2: a free ticket for you, George. Are you interested?
• 3:08
  Speaker 3: Yeah, I'm interested.
• 3:09
  Speaker 2: Took that on board, saved four hundred dollars. It's some
• 3:11
  Speaker 2: money win, Victoria.
• 3:12
  Speaker 3: That's paid. Are your money win? That covers both of us?
• 3:15
  Speaker 4: Thank you? Yeah?
• 3:16
  Speaker 3: Yeah, like I'm going to claim some of that. It
• 3:18
  Speaker 3: wasn't at the festival.
• 3:19
  Speaker 1: It was a great time.
• 3:20
  Speaker 2: Yep.
• 3:20
  Speaker 3: I probably wouldn't look like I fit in at the festival,
• 3:24
  Speaker 3: but I'm going to claim that money in to make
• 3:26
  Speaker 3: me feel a little bit better about my money commssion.
• 3:28
  Speaker 2: Thanks girl. So Victoria, it has been a great week
• 3:31
  Speaker 2: for so many of the Shes on the Money and
• 3:33
  Speaker 2: community members. I've seen money win after win in our
• 3:36
  Speaker 2: Facebook group and I am continuously impressed, proud, motivated all
• 3:39
  Speaker 2: of the things. So as always, let's share our favorites
• 3:41
  Speaker 2: from the week. What stood out to you?
• 3:43
  Speaker 3: Do I get to go first?
• 3:44
  Speaker 2: You can go first winning?
• 3:45
  Speaker 5: All right?
• 3:46
  Speaker 3: So I have one from Jessica, and she sent through
• 3:50
  Speaker 3: a post recently that said, growing up, I didn't have
• 3:52
  Speaker 3: the opportunity to have these conversations with my parents. I'm
• 3:56
  Speaker 3: assuming she's referencing money conversations here. It wasn't something that
• 4:00
  Speaker 3: was really spoken about, and then Jessica went on to
• 4:02
  Speaker 3: say that more recently she started thinking about her money
• 4:05
  Speaker 3: story and has been feeling really empowered in regards to
• 4:08
  Speaker 3: her money choices and said she feels so much more
• 4:11
  Speaker 3: in control. She said that it's a beautiful thing and
• 4:13
  Speaker 3: that she now feels interested in watching her money work
• 4:16
  Speaker 3: for her rather than her feeling like a slave to it. Congrats,
• 4:20
  Speaker 3: that's amazing. Absolutely, that's what I want for everybody in
• 4:23
  Speaker 3: our community. I feel like there's been so many other
• 4:26
  Speaker 3: money wins this week, though, what have you got for us?
• 4:28
  Speaker 2: So my money win is from Thomas Cina, who wrote.
• 4:32
  Speaker 2: My partner and I needed to buy an appliance, so
• 4:34
  Speaker 2: we had to look around the shops. We found the
• 4:36
  Speaker 2: one we loved, looked it up online, found it on
• 4:38
  Speaker 2: Catch of the day for thirty dollars cheaper, then used
• 4:41
  Speaker 2: shop back for five percent cash back, and signed up
• 4:44
  Speaker 2: for free shipping. So they've saved heaps there. That's so savvy.
• 4:48
  Speaker 3: I wish I spent more time researching my purchases. I
• 4:51
  Speaker 3: could have got thirty dollars off plus five percent cash backs.
• 4:54
  Speaker 2: Free shipping.
• 4:56
  Speaker 3: Money win.
• 4:57
  Speaker 2: So now that's out of the way, Victoria, let's jump
• 5:00
  Speaker 2: into today's show. Today's show is really, I guess about
• 5:03
  Speaker 2: using the new year as a new opportunity to redefine
• 5:06
  Speaker 2: our relationship with money. We already know that one of
• 5:09
  Speaker 2: the most important things we can do to improve our
• 5:11
  Speaker 2: financial situation is to identify our existing relationship with money
• 5:15
  Speaker 2: and how it makes us think, feel, and behave. But
• 5:17
  Speaker 2: what next? What comes after identifying what our money story is? Victoria,
• 5:22
  Speaker 2: can you please give us a quick little refresh about
• 5:25
  Speaker 2: what a money story is and why it's so very important.
• 5:27
  Speaker 3: So I won't harp on about this too much because
• 5:30
  Speaker 3: we actually did a whole podcast on what money stories were.
• 5:34
  Speaker 3: But a money story is all of the conscious and
• 5:37
  Speaker 3: unconscious beliefs and values that you have about money, So
• 5:40
  Speaker 3: how it makes you feel and think and behave It
• 5:43
  Speaker 3: can tell you a lot about yourself, and it can
• 5:45
  Speaker 3: guide what you believe is actually possible. So more often
• 5:49
  Speaker 3: than not, our money stories are negative and they often
• 5:52
  Speaker 3: get used as an excuse for not taking our financial
• 5:55
  Speaker 3: health seriously, which often means that we're consistently stressed when
• 5:59
  Speaker 3: thinking about money and we don't actually end up taking
• 6:02
  Speaker 3: control of our situations. So we actually all know what
• 6:05
  Speaker 3: we should be doing. Don't spend money on the things
• 6:07
  Speaker 3: that you don't need, and don't charge up your credit card.
• 6:11
  Speaker 3: We're all told eat meat and vegetables for dinner, not
• 6:13
  Speaker 3: chocolate cake. But that doesn't always mean we do the
• 6:17
  Speaker 3: right thing, though, does it, George.
• 6:18
  Speaker 2: No, it doesn't. Chocolate cake for dinner's always always.
• 6:21
  Speaker 3: Ten out of ten. I've actually really got it cereal
• 6:23
  Speaker 3: for dinner as well. So sometimes we do manage to
• 6:26
  Speaker 3: stay on track and we don't overspend on our credit
• 6:29
  Speaker 3: cards or eat cake for dinner, But then something happens
• 6:32
  Speaker 3: and we might not even realize that there's a correlation
• 6:35
  Speaker 3: between how we spend our money and how we feel.
• 6:38
  Speaker 3: So for me, it's incredibly important to get on top
• 6:40
  Speaker 3: of our money stories, to not only understand them, but
• 6:43
  Speaker 3: to be able to rewrite them. If we're in a
• 6:45
  Speaker 3: situation where we want things to change, and what about
• 6:48
  Speaker 3: a time to do that? Then the start of a.
• 6:50
  Speaker 2: Year, Victoria, have you seen a trend of people wanting
• 6:52
  Speaker 2: to change their money stories?
• 6:54
  Speaker 3: Yes, absolutely so. I think we have a really special
• 6:56
  Speaker 3: space in Cheese on the Money where people can actually
• 6:59
  Speaker 3: talk about these things, and it's often not until someone
• 7:02
  Speaker 3: asks you what your money story is, that you think
• 7:05
  Speaker 3: that it's a thing, that you think it's something that
• 7:07
  Speaker 3: needs changing or even needs consideration. So over the last
• 7:11
  Speaker 3: twelve months in the She's on the Money community, and
• 7:13
  Speaker 3: I think more widely, I'm starting to see lots of
• 7:15
  Speaker 3: articles about money stories and your family financial history popping up,
• 7:20
  Speaker 3: and I think it's really important to start having these
• 7:22
  Speaker 3: conversations that we always should have been having. So we're
• 7:25
  Speaker 3: in this position where people are now just becoming more
• 7:27
  Speaker 3: aware and more educated on the fact that a money
• 7:30
  Speaker 3: story exists, and they're going, Wow, that actually does impact me,
• 7:33
  Speaker 3: or Wow, my dad never wanted to have credit cards,
• 7:36
  Speaker 3: therefore I don't want to have credit cards, Or hey,
• 7:39
  Speaker 3: my spending looks like spending lots on a credit card,
• 7:42
  Speaker 3: Therefore where does that come from? So you're getting people
• 7:45
  Speaker 3: to be a little bit more reflective, but it's not
• 7:47
  Speaker 3: until they're prompted that that needs reflection on that we're
• 7:50
  Speaker 3: now starting to have these conversations. So I think it's
• 7:52
  Speaker 3: a really good time to be talking about changing that.
• 7:55
  Speaker 3: But I also want to acknowledge that we've had so
• 7:57
  Speaker 3: many people recently changing money stories for the better. There
• 8:01
  Speaker 3: are so many great news stories at the moment of
• 8:04
  Speaker 3: people changing their money story for the better getting out
• 8:07
  Speaker 3: of massive amounts of debt. And I'm so excited to
• 8:09
  Speaker 3: bring some of these stories to the Money Diaries section
• 8:12
  Speaker 3: of our podcast over the next few weeks, so keep
• 8:15
  Speaker 3: an eye out. But I think it's really great that
• 8:18
  Speaker 3: there are so many people taking charge of their finances
• 8:20
  Speaker 3: by transforming their mindset, eliminating their poor habits, and identifying
• 8:25
  Speaker 3: their long term goals and actually working out ways to
• 8:27
  Speaker 3: achieve them. So changing money stories is not just about
• 8:31
  Speaker 3: going all right, well this is what I want my
• 8:33
  Speaker 3: life to look like. It's actually about saying, well, this
• 8:36
  Speaker 3: is actually achievable for me, and these are things that
• 8:39
  Speaker 3: I can actually do to be stepping in the right
• 8:41
  Speaker 3: direction instead of staying still. Because I think often a
• 8:44
  Speaker 3: lot of people get a little bit of analysis paralysis,
• 8:47
  Speaker 3: whether are too many options or too many things to consider.
• 8:50
  Speaker 3: It gets overwhelming, so we don't actually move forward.
• 8:52
  Speaker 2: So can I ask you, Victoria, about how we go
• 8:55
  Speaker 2: about rewriting our money stories, Like do we sit down
• 8:58
  Speaker 2: pen and paper and to find our story and what
• 9:01
  Speaker 2: we don't like about it or what we did wrong
• 9:03
  Speaker 2: in twenty nineteen that we'd like to change for the
• 9:05
  Speaker 2: next year, or do we need to see a financial advisor? Like,
• 9:08
  Speaker 2: how do we actually reshape and redefine our money stories?
• 9:12
  Speaker 3: So money stories actually start with you, so you don't
• 9:14
  Speaker 3: need professional help to go and work out what your
• 9:17
  Speaker 3: money story is. It's the thing that shapes our financial reality,
• 9:21
  Speaker 3: but it's also the one thing we have complete control
• 9:23
  Speaker 3: over because of this awareness is the key, So you
• 9:27
  Speaker 3: understanding it and being open to change is the most
• 9:30
  Speaker 3: important part here. So it's not about saying they're right
• 9:33
  Speaker 3: and wrong. I don't believe that there is anything that
• 9:35
  Speaker 3: we've ever done badly. We're all on a different journey.
• 9:38
  Speaker 3: We're all on a different path. We might have had
• 9:40
  Speaker 3: some missteps and misfortunate things happen to us, but we
• 9:44
  Speaker 3: all have the same power to change our financial situation
• 9:47
  Speaker 3: as the next person. I think it's also really important
• 9:50
  Speaker 3: to realize that our money story can't be compared to
• 9:53
  Speaker 3: our friends or other people's even your siblings who might
• 9:56
  Speaker 3: have been brought up in exactly the same way. Do
• 9:58
  Speaker 3: you have a completely different experience. It's of the same
• 10:00
  Speaker 3: situations that you had. So being in a position where
• 10:04
  Speaker 3: you are thinking about your money story but not comparing
• 10:07
  Speaker 3: it to the money stories of others is really important
• 10:09
  Speaker 3: when we sit down here, because more often than not,
• 10:12
  Speaker 3: the person that will be the harshest on you is
• 10:14
  Speaker 3: actually you. So I think we also need to look
• 10:16
  Speaker 3: at our money stories and be a little bit kinder
• 10:18
  Speaker 3: to ourselves and say, I'm actually on the right path.
• 10:21
  Speaker 3: I'm actually moving forward, and these are the steps I'm making.
• 10:25
  Speaker 3: They might not be the same steps as other people,
• 10:27
  Speaker 3: but they are the steps that are in the right direction.
• 10:29
  Speaker 2: So how do we understand where our story actually comes from?
• 10:32
  Speaker 3: So, given most of our spending and saving habits have
• 10:35
  Speaker 3: come from our parents or the family that surrounded us,
• 10:38
  Speaker 3: I think it's important to sit down and have a
• 10:41
  Speaker 3: think about how they managed money. What's your earliest memory
• 10:44
  Speaker 3: of money? How was it talked about in your family?
• 10:47
  Speaker 3: Were you in a family where your parents didn't talk
• 10:50
  Speaker 3: about money in front of the children, or were you're
• 10:52
  Speaker 3: in a family where your parents gave you pocket money
• 10:54
  Speaker 3: and taught you how to spend. So just understanding what
• 10:57
  Speaker 3: that actually look like and drawing in on your own
• 11:01
  Speaker 3: life and your own experiences to work out how your
• 11:04
  Speaker 3: money story has been shaped is really important. So this
• 11:07
  Speaker 3: is again just about awareness. So how do we unhook
• 11:10
  Speaker 3: ourselves from the money habits that don't serve us and
• 11:13
  Speaker 3: pick up money habits that will.
• 11:15
  Speaker 2: So Victoria, our story doesn't have to define us moving forward, right.
• 11:18
  Speaker 3: No, it absolutely doesn't. And I think another important point
• 11:22
  Speaker 3: to make here is we need to also ensure that
• 11:25
  Speaker 3: we're disassociating our self worth from our net worth. If
• 11:29
  Speaker 3: you're someone who is equating your self worth with financial security,
• 11:33
  Speaker 3: that's actually quite unhealthy. So whilst we are all in
• 11:36
  Speaker 3: this together and we are all striving towards financial freedom,
• 11:40
  Speaker 3: you can often feel really overwhelmed. And when you're buried
• 11:44
  Speaker 3: up to your neck in debt and you don't feel
• 11:46
  Speaker 3: like you can get ahead, you feel hopeless and a
• 11:48
  Speaker 3: little bit stuck. The thing that will keep you from
• 11:51
  Speaker 3: taking action is your situation. That's the thing you're going
• 11:54
  Speaker 3: to blame for not being able to move forward. And
• 11:57
  Speaker 3: I think we need to look at it and say,
• 11:58
  Speaker 3: debt does not mean you're a bad person. Being a
• 12:00
  Speaker 3: little bit behind does not mean you're a bad person,
• 12:03
  Speaker 3: and not having the same money story as the person
• 12:05
  Speaker 3: sitting next to you doesn't actually define you. Is really important,
• 12:10
  Speaker 3: and once you're able to free yourself from the negative
• 12:12
  Speaker 3: emotions that are associated with having debt or you know,
• 12:15
  Speaker 3: poor money habits. You can actually open yourself up to change.
• 12:19
  Speaker 3: But that's a choice. Change is a choice.
• 12:21
  Speaker 2: So would you say, Victoria, that if change is a choice,
• 12:24
  Speaker 2: that I can just I can just choose to change
• 12:27
  Speaker 2: my money story. Like, is it that easy? Just faking
• 12:30
  Speaker 2: it till you make it? Like? How does it actually work?
• 12:33
  Speaker 3: So it's obviously not as easy as that I wish
• 12:36
  Speaker 3: it was. But because people act on the things that
• 12:39
  Speaker 3: they really believe in, it's important to identify those things
• 12:42
  Speaker 3: that we believe in. It's important to start doing the
• 12:45
  Speaker 3: things that actually align with your ideal money story. If
• 12:48
  Speaker 3: the thing that is making you feel bad about, you know,
• 12:51
  Speaker 3: your money story and your future wealth is spending too
• 12:54
  Speaker 3: much on the weekends, that could be a small step
• 12:56
  Speaker 3: towards a bigger picture. I'm not expecting anybody to go,
• 13:00
  Speaker 3: all right, well, I need to change my money story immediately,
• 13:04
  Speaker 3: and they pick up a new budget and absolutely rewrite
• 13:06
  Speaker 3: every aspect of their life.
• 13:08
  Speaker 2: Yeah.
• 13:08
  Speaker 3: I think that there are so many good things about people.
• 13:11
  Speaker 3: The thing with money stories that you don't like is
• 13:14
  Speaker 3: that we are spending more than we're earning, and we
• 13:17
  Speaker 3: just need to change that. So there's nothing negative or
• 13:20
  Speaker 3: positive about that. It's a simple fact that you are
• 13:23
  Speaker 3: spending more than you are earning, and we just need
• 13:25
  Speaker 3: to change that so that you are more financially secure
• 13:28
  Speaker 3: for the long term. You are not a bad person
• 13:31
  Speaker 3: or a worse off person for those choices. It just
• 13:34
  Speaker 3: means you hadn't changed things yet and now you are.
• 13:37
  Speaker 3: So being able to align to the things that are
• 13:41
  Speaker 3: most important to you will actually prove that your old
• 13:44
  Speaker 3: story wasn't your truth, and it shows you that you're
• 13:47
  Speaker 3: in control of your future. And if we start small,
• 13:50
  Speaker 3: it's kind of like positive recognition along the way. We
• 13:53
  Speaker 3: can start small and see that we can achieve these
• 13:55
  Speaker 3: small things, we're more likely to bite off a little
• 13:57
  Speaker 3: bit more each time. I think it's important to not
• 13:59
  Speaker 3: be off everything all at once and think that we
• 14:02
  Speaker 3: can do it and actually change. It's important to recognize
• 14:05
  Speaker 3: that your current money situation only exists because of the
• 14:08
  Speaker 3: choices you've made, and it means you can actually make
• 14:11
  Speaker 3: new ones and create a new money story based on
• 14:13
  Speaker 3: the choices you want to make moving forward. So as
• 14:16
  Speaker 3: much as that sounds quite simple, it can be really
• 14:19
  Speaker 3: complex for a lot of people. And I also need
• 14:21
  Speaker 3: to recognize there are a lot of people who are
• 14:23
  Speaker 3: in sticky situations that they can't change immediately. But this
• 14:27
  Speaker 3: is also a lot about mindset and making the best
• 14:29
  Speaker 3: of a situation and saying, all right, well what have
• 14:32
  Speaker 3: I got and how do I deal with it? How
• 14:33
  Speaker 3: can I make this work best for me? Or how
• 14:36
  Speaker 3: can I change this a little bit so I feel
• 14:38
  Speaker 3: more empowered instead of overwhelmed.
• 14:40
  Speaker 2: Now that it's a new year, it is the perfect
• 14:42
  Speaker 2: reason to buckle down on your finances and ensure you're
• 14:45
  Speaker 2: making the most of your hard earned money. If you're
• 14:48
  Speaker 2: looking to book travel, by your weekly groceries, or update
• 14:50
  Speaker 2: your wardrobe, essentially any online shopping, you need to be
• 14:53
  Speaker 2: doing it through Shotback.
• 14:55
  Speaker 3: If you haven't heard of shopback before, it's essentially a
• 14:57
  Speaker 3: website or app you shop through to get up to
• 15:00
  Speaker 3: thirty percent cash back on your purchases. That's online purchases
• 15:03
  Speaker 3: from over nine hundred brands, including the iconic Booking dot Com, Maya,
• 15:08
  Speaker 3: and Delivery.
• 15:09
  Speaker 2: If you're wondering how shot Back can give you free
• 15:11
  Speaker 2: money on your online shopping, it's because the brands pay
• 15:14
  Speaker 2: shop Back a commission when customers shop through their website
• 15:17
  Speaker 2: and app, and then shop Back shares this commission with
• 15:19
  Speaker 2: their customers.
• 15:20
  Speaker 3: And I've got an exclusive ten dollar welcome bonus just
• 15:23
  Speaker 3: for She's on the Money listeners. Head to shopback dot
• 15:26
  Speaker 3: com dot au, forward slash soo TM. It's free to
• 15:30
  Speaker 3: sign up and I'll make sure these details are in
• 15:32
  Speaker 3: our show notes for you guys.
• 15:33
  Speaker 2: Too, Happy savings cuts. Hi, there, you've reached the shes
• 15:46
  Speaker 2: on the Money mailbox. Do you have a money problem
• 15:48
  Speaker 2: you want help solving. Do you have a money dilemma
• 15:51
  Speaker 2: you just want to chat about. Victoria is here to help.
• 15:54
  Speaker 2: Every week, we'll be playing your questions to help make
• 15:56
  Speaker 2: sense of a money mess you may have found yourself in.
• 15:59
  Speaker 2: Make a quick recording on your phone and send it
• 16:01
  Speaker 2: through to podcasts at cheesodthmoney dot com dou and you
• 16:04
  Speaker 2: might find yourself on the show. But for now, here's
• 16:06
  Speaker 2: today's question.
• 16:08
  Speaker 4: Hey guys, I've got about five thousand dollars left on
• 16:11
  Speaker 4: a personal loan. I'm not being working really hard to
• 16:14
  Speaker 4: get it down. I just seem to be getting nowhere.
• 16:17
  Speaker 4: In reality, I know that I have paid a large
• 16:19
  Speaker 4: chunk off the loan because it did start out at
• 16:21
  Speaker 4: twenty thousand dollars, but recently I haven't really paid anything
• 16:25
  Speaker 4: off it. I've never really been good with my money,
• 16:28
  Speaker 4: and when I have it in my account, I just
• 16:30
  Speaker 4: feel like it's burning a hole in my pocket and
• 16:32
  Speaker 4: I just want to spend it. I've set my goal
• 16:34
  Speaker 4: to twenty twenty, worked out my budget, but it just
• 16:36
  Speaker 4: doesn't seem to help, because when I'm in the moment,
• 16:39
  Speaker 4: they all just go out of the window. Each month,
• 16:41
  Speaker 4: I have big plans to save my money, but I'm
• 16:43
  Speaker 4: just not getting anywhere. As soon as I make one
• 16:46
  Speaker 4: bad spending decision for my pay cycle, it seems that
• 16:49
  Speaker 4: the whole fortnight is a write off, and I just
• 16:51
  Speaker 4: keep spending everything that I have. I just honestly don't
• 16:55
  Speaker 4: know how to fix this. I do want my money
• 16:57
  Speaker 4: story to change. I just don't know how to make
• 16:59
  Speaker 4: this happen. I want twenty twenty three an amazing year
• 17:02
  Speaker 4: for me financially, but right now just feel so unachievable.
• 17:06
  Speaker 4: I know this really isn't a specific question, but is
• 17:08
  Speaker 4: there something that you can help me out with?
• 17:10
  Speaker 2: Thanks God, Ah, that's a hard one, Victoria. Yeah, she's
• 17:15
  Speaker 2: in a really tough spot. How does she get out
• 17:18
  Speaker 2: of it? And how does she redefine her money story.
• 17:19
  Speaker 3: I think you need to be really willing to forgive yourself.
• 17:22
  Speaker 3: You're never going to be perfect off the bat. Rewriting
• 17:24
  Speaker 3: your story doesn't actually happen overnight as much as we
• 17:27
  Speaker 3: would all like it to, and we do encounter some hiccups.
• 17:30
  Speaker 3: It's like going on a diet right and blowing out
• 17:32
  Speaker 3: one weekend and then going, oh, well, I'm never going
• 17:35
  Speaker 3: to lose weight. I think that being in a situation
• 17:38
  Speaker 3: where you're changing your money story, it's about the journey.
• 17:40
  Speaker 3: It's not just about the destination or being right or wrong.
• 17:43
  Speaker 3: Sometimes we blow out, sometimes we go out for dinner
• 17:45
  Speaker 3: with friends and order that extra glass of wine. But
• 17:48
  Speaker 3: the next day we should just be able to pick
• 17:50
  Speaker 3: ourselves up, dust ourselves off, and move on to the
• 17:53
  Speaker 3: next best thing, even if that means sometimes we take
• 17:56
  Speaker 3: two steps back to move one step forward. So for me,
• 18:00
  Speaker 3: forgiveness is the key around long term success and having
• 18:03
  Speaker 3: a positive money story doesn't mean that we're going to
• 18:06
  Speaker 3: be completely free from problems or pain. It's just more
• 18:09
  Speaker 3: about developing a strong mindset so we can understand that
• 18:13
  Speaker 3: we are actually capable of these changes. And I think
• 18:16
  Speaker 3: that if she could reach out to even a couple
• 18:17
  Speaker 3: of friends and start discussing that money story and saying, well, hey,
• 18:21
  Speaker 3: i'm struggling here. Maybe she'll have some friends that can
• 18:23
  Speaker 3: help keep her on track. So when she messes up
• 18:26
  Speaker 3: in her eyes, her friends are there to be like.
• 18:28
  Speaker 3: That is not as bad as you think it is.
• 18:31
  Speaker 2: I see it all the time as well, Like people
• 18:33
  Speaker 2: hold themselves to these really high standards. It's unrealistic, unsustainable,
• 18:37
  Speaker 2: and then they get angry with themselves and they're.
• 18:39
  Speaker 3: Back to square one.
• 18:41
  Speaker 2: Not to square one is what I was looking for.
• 18:42
  Speaker 3: It's a bit like that. So I think it's important
• 18:45
  Speaker 3: that when we start trying to change our money story,
• 18:48
  Speaker 3: we start with really small steps. So trying to make
• 18:50
  Speaker 3: over all of our bad financial habits or habits that
• 18:53
  Speaker 3: we just don't like can also backfire on us because
• 18:57
  Speaker 3: when you fail, you often retreat to the ways that
• 18:59
  Speaker 3: you are at before. It's so much easier because the
• 19:02
  Speaker 3: ways that you had before that you have now they're comfortable.
• 19:05
  Speaker 3: Being comfortable is of utmost importance to us as humans.
• 19:09
  Speaker 3: So often changing a money story can be a little
• 19:12
  Speaker 3: bit uncomfortable. So it's about becoming comfortable with the uncomfortable,
• 19:16
  Speaker 3: and it's a lot easier to commit to small scale
• 19:18
  Speaker 3: change than a complete life overhaul. So I think baby
• 19:22
  Speaker 3: steps are the way forward instead of committing to an
• 19:26
  Speaker 3: entire financial overhaul. And I think that's what we need
• 19:28
  Speaker 3: to be really focusing on, especially coming into a new year.
• 19:31
  Speaker 3: We all have these new year new mea kind of vibe,
• 19:34
  Speaker 3: and we all commit to these changes because a new
• 19:36
  Speaker 3: year has come upon us, and what happens in February,
• 19:40
  Speaker 3: we fall off the bandwagon again because we've often over
• 19:43
  Speaker 3: committed ourselves. So I think it's about the small steps.
• 19:46
  Speaker 3: So for example, if you typically go out for dinner
• 19:50
  Speaker 3: three times a week, I wish I did. I think
• 19:53
  Speaker 3: it's more about cutting back and saying, well, what can
• 19:55
  Speaker 3: I do to make it too or what can I
• 19:57
  Speaker 3: do to make it one instead of saying to yourself
• 19:59
  Speaker 3: or I'm in a situation where I'm used to dining out,
• 20:02
  Speaker 3: I'm going to completely cut that.
• 20:04
  Speaker 2: Yeah, it's not sustainable.
• 20:05
  Speaker 3: It's not sustainable, So what can we do that over
• 20:08
  Speaker 3: time makes our habits start to become better habits instead
• 20:12
  Speaker 3: of cutting things out completely. More about sustainability. I also
• 20:16
  Speaker 3: think it's important to talk about accountability. And we can
• 20:19
  Speaker 3: talk about this later, but writing down your goals means
• 20:22
  Speaker 3: you're actually more likely to achieve them and share them
• 20:25
  Speaker 3: with people. If you've got friends that don't want to
• 20:28
  Speaker 3: listen right now, you can share it in the Shoes
• 20:30
  Speaker 3: on the Money community because we are here for it. Yes,
• 20:33
  Speaker 3: totally here for this. But these actions are actually going
• 20:36
  Speaker 3: to make you more likely to stick to your goals.
• 20:37
  Speaker 3: And that's what we're about.
• 20:44
  Speaker 2: Okay, now for the fun stuff. What good would a
• 20:46
  Speaker 2: money podcast be without the pervy stuff. Now it's time
• 20:49
  Speaker 2: for money Diary. Let's get into it.
• 20:53
  Speaker 5: Hello, I'm twenty five and Sensible.
• 20:58
  Speaker 2: Today's money Diary is from twenty five Vibe and Sensible,
• 21:00
  Speaker 2: who's a little bit of a savings wizit.
• 21:02
  Speaker 5: So, my mum has never had a credit card, and
• 21:06
  Speaker 5: when you hear about other influential people or other parents
• 21:10
  Speaker 5: in your life, they say, oh yeah, put it on
• 21:11
  Speaker 5: the credit card. Put it on credit card. So, as
• 21:12
  Speaker 5: a child, in growing up and understanding what a credit
• 21:16
  Speaker 5: card was, mum explained to me it's money that you
• 21:19
  Speaker 5: don't own, it's money that you borrow and then you
• 21:21
  Speaker 5: have to pay back and so sort of that influence.
• 21:25
  Speaker 5: I guess effectively influenced me to not want to have
• 21:28
  Speaker 5: that kind of money. Having studied economics, I've always been
• 21:32
  Speaker 5: fascinated about where money travels around the world and around
• 21:35
  Speaker 5: the economy. And as a young child, I used to think,
• 21:39
  Speaker 5: if I hold onto this ten dollars and don't spend
• 21:41
  Speaker 5: it on lollies, where could this money go? But if
• 21:44
  Speaker 5: I give ten dollars to the shop, what's that shop
• 21:47
  Speaker 5: going to do now with my money? And they're going
• 21:49
  Speaker 5: to use it and find it more useful than me
• 21:51
  Speaker 5: holding onto it. So I've always been fascinated in that
• 21:53
  Speaker 5: kind of sense of where money floats around the world,
• 21:56
  Speaker 5: and that sort of I guess inspired me to hold
• 21:58
  Speaker 5: onto my money more as well. I do not like
• 22:02
  Speaker 5: relying on anybody else for my money, whether that be
• 22:05
  Speaker 5: my boyfriend, my parents, any other family member. When I'm
• 22:08
  Speaker 5: out with friends, I am very measured in how the
• 22:14
  Speaker 5: group situation works when it comes to money, and I'm
• 22:18
  Speaker 5: pretty careful with that kind of spending. I don't often
• 22:20
  Speaker 5: like to pull money together and just lash out and
• 22:24
  Speaker 5: spend because it's often harder to take control. I feel
• 22:28
  Speaker 5: like I learned about money as a young age that
• 22:31
  Speaker 5: in the freedom it can bring you so that I've
• 22:33
  Speaker 5: never wanted to rely on my parents in that way.
• 22:35
  Speaker 5: I got a job when I was fourteen years old
• 22:37
  Speaker 5: and always have wanted to pay for everything myself. I'm
• 22:40
  Speaker 5: currently working as a graduate in the insurance industry. I've
• 22:45
  Speaker 5: been doing this for the last two years, so this
• 22:47
  Speaker 5: has been my first sort of full time job since
• 22:50
  Speaker 5: finishing university.
• 22:52
  Speaker 2: Okay, so now we know what she does. Let's get
• 22:54
  Speaker 2: into the juicy stuff. How much does she earn and
• 22:56
  Speaker 2: how much is sitting in her bank account right now?
• 22:59
  Speaker 5: So I currently I earn sixty five thousand dollars a year,
• 23:03
  Speaker 5: which also includes superannuation, and currently I have saved around
• 23:08
  Speaker 5: forty four thousand dollars. Currently my super is invested with
• 23:14
  Speaker 5: my employer's superannuation fund. However, I have been a bit
• 23:18
  Speaker 5: slack lately and still need to combine all my superannuations
• 23:21
  Speaker 5: together because I know that having them in separate accounts
• 23:24
  Speaker 5: is not beneficial for myself. So that is something I
• 23:27
  Speaker 5: actually plan to look into over the next few weeks
• 23:30
  Speaker 5: to sort of knuckle down into.
• 23:32
  Speaker 2: That time and what exactly happens to that money after
• 23:35
  Speaker 2: it's deposited into her account.
• 23:37
  Speaker 5: I keep good control of my money as it comes
• 23:40
  Speaker 5: into my bank account. I have three different accounts set up.
• 23:45
  Speaker 5: I have a big savings account which I keep the
• 23:47
  Speaker 5: bulk of my savings in. I get paid into a
• 23:49
  Speaker 5: middle savings account where all of my pay goes into.
• 23:52
  Speaker 5: And I also have a spending account. So each time
• 23:55
  Speaker 5: I get paid, the money comes into that middle account.
• 23:58
  Speaker 5: I then separate what I would like to choose to
• 24:00
  Speaker 5: put away into my big savings account and what I
• 24:03
  Speaker 5: would like to choose to put into my spending account. However,
• 24:06
  Speaker 5: this spending account I don't often touch until I actually
• 24:11
  Speaker 5: need the spending money. So I prefer to have sort
• 24:14
  Speaker 5: of that middle account as that safe, secure sort of
• 24:17
  Speaker 5: some money there for the next month or two weeks,
• 24:21
  Speaker 5: and when I'm out or when I have something that
• 24:24
  Speaker 5: I know I need to put money aside for, I
• 24:27
  Speaker 5: will transfer across that account. So if I'm going to
• 24:29
  Speaker 5: buy a birthday present for a friend, I know that
• 24:31
  Speaker 5: I'll need to spend X amount, that I'll transfer across
• 24:33
  Speaker 5: that account. And for me, that's a way of controlling
• 24:36
  Speaker 5: my spending in a day to day scenario. So if
• 24:41
  Speaker 5: I already have the money there in that spending account,
• 24:43
  Speaker 5: then I'll lose control of it and I won't be
• 24:45
  Speaker 5: able to hold on to it as best I could.
• 24:48
  Speaker 2: Okay, then, so how does twenty five and Sensible feel
• 24:51
  Speaker 2: about investing? Does she invest? And if so? How?
• 24:54
  Speaker 5: This is actually an area I had been thinking about
• 24:56
  Speaker 5: quite a lot in the lead up to this recording.
• 25:00
  Speaker 5: I don't currently invest a whole lot, obviously. I have
• 25:04
  Speaker 5: my bank account that's growing its own interest in savings.
• 25:07
  Speaker 5: I do have an employee share scheme, which I don't
• 25:11
  Speaker 5: know a huge amount because I've only just taken that
• 25:13
  Speaker 5: on in the recent weeks. But I'm definitely keen to
• 25:16
  Speaker 5: learn a lot more about investment in the next couple
• 25:19
  Speaker 5: of years, especially as my financial situation changes.
• 25:22
  Speaker 2: What about debts like credit cards or personal loads?
• 25:25
  Speaker 5: Personally, I'm a big hater of debt, so I try
• 25:27
  Speaker 5: to avoid it at all costs. The only debt I
• 25:31
  Speaker 5: do have at the moment is my hex debt, which
• 25:33
  Speaker 5: I wanted to get an education, so this was worth
• 25:35
  Speaker 5: it in my mind when taking university education into account,
• 25:41
  Speaker 5: I guess from a young age, I've always understood that
• 25:45
  Speaker 5: it's not good to have a credit card, it's not
• 25:47
  Speaker 5: good to have money that's not yours, and just go
• 25:49
  Speaker 5: ahead and use it, so I've always understood how that
• 25:53
  Speaker 5: sort of works. I did have a credit card at
• 25:55
  Speaker 5: one stage when I went on a Europe trip, which
• 25:59
  Speaker 5: I never used. In that case, the bank actually suggested
• 26:03
  Speaker 5: I took it for a smaller limit of one thousand dollars.
• 26:07
  Speaker 5: I then use that card a couple of times by
• 26:09
  Speaker 5: accident at the supermarket and quickly paid the debts back
• 26:11
  Speaker 5: straight away, and then I canceled the card because I
• 26:13
  Speaker 5: didn't like the fees coming out when I wasn't using
• 26:16
  Speaker 5: that credit card, and have since never felt the need
• 26:19
  Speaker 5: to use a credit card, so I tried to avoid debt. Obviously,
• 26:24
  Speaker 5: I will probably have one in the future for a
• 26:27
  Speaker 5: house or another living arrangement, but yeah, not a big
• 26:30
  Speaker 5: fan of accumulating debt.
• 26:31
  Speaker 2: Does our sweet Savings Wizard have any good money habits
• 26:34
  Speaker 2: that she's especially proud of?
• 26:35
  Speaker 5: Ooh money habits. There's a few different ones that just
• 26:39
  Speaker 5: kind of fell into place through how I was influenced.
• 26:43
  Speaker 5: I guess as a child, but also hobbies I guess
• 26:45
  Speaker 5: as well. I love finding great clothing at op shops.
• 26:50
  Speaker 5: It sounds strange, but I often find things that are
• 26:53
  Speaker 5: to my taste and my liking that don't necessarily look
• 26:56
  Speaker 5: like they've come from the op shop, or they might
• 26:58
  Speaker 5: be something brand new that I found. This top, in fact,
• 27:01
  Speaker 5: is from the up shop. So I feel like those
• 27:04
  Speaker 5: of money wins. I don't necessarily go shopping all the time.
• 27:09
  Speaker 5: It might be I just because I don't have necessarily
• 27:13
  Speaker 5: an interest in I don't know, just buying tangible items
• 27:17
  Speaker 5: that doesn't give me a lot of satisfaction. I prefer
• 27:20
  Speaker 5: to sort of put my money away for future. Another
• 27:24
  Speaker 5: thing is I've never really been a big fan of
• 27:26
  Speaker 5: spending money on exercise because I've always thought, I don't know,
• 27:30
  Speaker 5: it's just like at school, I always ran a lot,
• 27:34
  Speaker 5: and I always enjoyed swimming, so I would do that.
• 27:36
  Speaker 5: I guess at the beach a lot as well. So
• 27:39
  Speaker 5: I still do a lot of running. I still do
• 27:41
  Speaker 5: a lot of cycling. I like to take those sports
• 27:44
  Speaker 5: in a weird way. I cycle to work and sometimes
• 27:48
  Speaker 5: run to work, so I guess I save on transport
• 27:51
  Speaker 5: in that sense as well.
• 27:53
  Speaker 2: And what about her worst money habit, I.
• 27:55
  Speaker 5: Think, although I touched on how I like to have
• 27:58
  Speaker 5: my own spending in control of my own spending at
• 28:01
  Speaker 5: social gatherings and events, I think sometimes when I'm in.
• 28:04
  Speaker 1: The mood, I do lash out a little.
• 28:06
  Speaker 5: So if I'm with my boyfriend and we are going
• 28:09
  Speaker 5: to the movies or we're going out for dinner, I'll
• 28:12
  Speaker 5: often shout drinks as well, and then I'd like to
• 28:14
  Speaker 5: go get ice cream on the way home. So I
• 28:16
  Speaker 5: think it's in those certain scenarios that's probably my bad habit.
• 28:20
  Speaker 5: Or if it's a wine weakened away the thing, I'll
• 28:25
  Speaker 5: often think, oh, I don't often do this, and then
• 28:27
  Speaker 5: I'll spend a little bit more. Luckily that doesn't happen
• 28:30
  Speaker 5: too often.
• 28:31
  Speaker 2: So what's today's money diarist actually saving for? What's her
• 28:34
  Speaker 2: big money goal?
• 28:35
  Speaker 5: My current saving goal. I haven't clearly defined exactly what
• 28:39
  Speaker 5: I've wanted to save four However, in general, my goal
• 28:44
  Speaker 5: has always been to accumulate savings in my account for
• 28:49
  Speaker 5: my future self. So even though I don't have that
• 28:51
  Speaker 5: clearly defined, I've always wanted to put some money away
• 28:54
  Speaker 5: because eventually I'd like to buy a house, or build
• 28:57
  Speaker 5: a house or do something of that like that is
• 29:00
  Speaker 5: a big investment that will be meaningful to me, and
• 29:03
  Speaker 5: at the moment, I haven't made up the decision of
• 29:05
  Speaker 5: what that is but I've always known that for my
• 29:07
  Speaker 5: future self, I will really think myself one day that
• 29:10
  Speaker 5: I've put this aside. So that's sort of been my
• 29:12
  Speaker 5: motivation to always have those those savings.
• 29:15
  Speaker 2: And twenty twenty is here, will twenty five and sensible
• 29:18
  Speaker 2: change any of her habits for the new year.
• 29:20
  Speaker 5: In twenty twenty, I would really like to change my
• 29:24
  Speaker 5: habits in a way that incorporates some professional financial advice.
• 29:30
  Speaker 5: I think being a listener if she's on the money,
• 29:32
  Speaker 5: I've barely been inspired by what I can do and
• 29:35
  Speaker 5: what I should be doing more of. I would like to,
• 29:39
  Speaker 5: as I mentioned, put all my superannuation together, and also
• 29:43
  Speaker 5: really attack budgeting. I would really like to get into
• 29:46
  Speaker 5: spreadsheets more. I'd like to budget more for my supermarket
• 29:49
  Speaker 5: spending even that kind of thing, and also putting away
• 29:53
  Speaker 5: savings for other bigger things such as holidays and Christmas,
• 29:57
  Speaker 5: and really working that out earlier before the time comes.
• 30:00
  Speaker 2: So how would today's money diarist rate her own relationship
• 30:03
  Speaker 2: with money?
• 30:03
  Speaker 5: Oh, if I had to rate myself, i'd probably give
• 30:06
  Speaker 5: myself maybe a B or B plus because I still
• 30:11
  Speaker 5: haven't quite worked out where my money is going for
• 30:14
  Speaker 5: the future in terms of investment and how to get
• 30:18
  Speaker 5: the best out of it. However, I feel like I'm
• 30:20
  Speaker 5: pretty on track and pretty happy with the way it's
• 30:23
  Speaker 5: been tracking in the past.
• 30:25
  Speaker 2: How good was that twenty five and sensible? You put
• 30:29
  Speaker 2: me to shame?
• 30:30
  Speaker 3: I love her, I also think and I feel like,
• 30:32
  Speaker 3: I say this a lot about our money diarists, who
• 30:35
  Speaker 3: are savvy little savers. I think she is too harsh
• 30:38
  Speaker 3: on herself. Her rating should say a B. I say
• 30:41
  Speaker 3: this a lot about our money diarists because I think
• 30:44
  Speaker 3: that they're all doing so much better than they think
• 30:46
  Speaker 3: they are. But I also want to be respectful of
• 30:48
  Speaker 3: where they think they are at. Because if she said
• 30:50
  Speaker 3: that she's a bee and she feels like she needs
• 30:53
  Speaker 3: to get her souper together and wants to get financial help,
• 30:55
  Speaker 3: imagine how great she's going to be in the next year.
• 30:58
  Speaker 2: Yeah, what does an A plus look like for twenty
• 30:59
  Speaker 2: five and sensible?
• 31:00
  Speaker 3: Geez amazing. And as much as I don't love that
• 31:03
  Speaker 3: she has her superanuation spread out across other places, I
• 31:08
  Speaker 3: liked that she understood that was something she needed to
• 31:10
  Speaker 3: change and wanted to get help for that. I think
• 31:13
  Speaker 3: it's really important when talking about superannuation that we don't
• 31:15
  Speaker 3: just jump into consolidating our super into one account. There
• 31:19
  Speaker 3: are so many things we need to take into consideration
• 31:22
  Speaker 3: when looking at superanuation, like fees and performance of the fund.
• 31:26
  Speaker 3: But also, and most commonly forgotten, are the insurances that
• 31:29
  Speaker 3: are attached to the superfund that we lose if we
• 31:32
  Speaker 3: roll out of a superfund without any consultation with a
• 31:35
  Speaker 3: financial advisor. So as much as you can absolutely roll
• 31:38
  Speaker 3: together your super on your own through the MyGov account,
• 31:42
  Speaker 3: I think it's also worth having a quick chat with
• 31:44
  Speaker 3: a financial advisor to work out what the best possible
• 31:47
  Speaker 3: outcome for you is. And she was totally on track
• 31:49
  Speaker 3: with that.
• 31:50
  Speaker 2: Absolutely. I loved her quirky little habits like shopping in
• 31:54
  Speaker 2: op shops and getting fulfilment out of that. You know,
• 31:56
  Speaker 2: you get one off pieces that no one else is
• 31:58
  Speaker 2: gonna be wearing, a very sustainable way to shop. Also,
• 32:01
  Speaker 2: running riding her bike to work is amazing. Not paying
• 32:04
  Speaker 2: for your marqie, which adds up.
• 32:06
  Speaker 3: It totally adds up, And I feel like I need
• 32:08
  Speaker 3: to take a leaf out of her book because I'm
• 32:10
  Speaker 3: really good at paying for exercise that I do not
• 32:14
  Speaker 3: do nearly as consistently or regularly as I should be
• 32:17
  Speaker 3: so paying for exercise. Coming into the next couple of
• 32:20
  Speaker 3: months where it's going to be really nice outside, maybe
• 32:23
  Speaker 3: I need to evaluate what I'm up to. I also
• 32:26
  Speaker 3: love that she said that she wants to see a
• 32:28
  Speaker 3: financial advisor to get advice on her money, knowing that
• 32:31
  Speaker 3: she doesn't know what she wants to do with it.
• 32:34
  Speaker 3: That's such a great way of making her money work
• 32:36
  Speaker 3: for her instead of her consistently working for it. She
• 32:39
  Speaker 3: is so young and has so much opportunity ahead of
• 32:42
  Speaker 3: her to take hold of, and the sooner she gets
• 32:45
  Speaker 3: into the investment market, whether that is shares or property
• 32:48
  Speaker 3: or some other form of investment, it actually doesn't matter.
• 32:51
  Speaker 3: I think it's just important to get educated and start
• 32:54
  Speaker 3: talking to people. And she seems to be on the
• 32:56
  Speaker 3: right track.
• 32:56
  Speaker 2: She's definitely on the right track. Well done, twenty five
• 32:58
  Speaker 2: and sensible, and that is all we have time for today.
• 33:02
  Speaker 5: But before we.
• 33:02
  Speaker 2: Head off, let's quickly wrap the boring but important stuff.
• 33:06
  Speaker 2: The advice shared on she Is on the Money is
• 33:08
  Speaker 2: general in nature and does not consider your individual circumstances.
• 33:11
  Speaker 2: She's on the Money exists purely for educational purposes only
• 33:14
  Speaker 2: and should not be relied upon to make an investment
• 33:17
  Speaker 2: or financial decision, and don't worry, We promise Victoria to
• 33:21
  Speaker 2: find is an authorized representative of Consultant Financial Advisors Proprietary
• 33:25
  Speaker 2: Limited ABN six five zero zero six three seven three
• 33:29
  Speaker 2: nine ninety five AFSL two three zero three two three.
• 33:32
  Speaker 2: And of course, thank you to our loveliest sound engineer,
• 33:35
  Speaker 2: Chris Burke for making us sound so very fabulous.
• 33:37
  Speaker 3: We would love it if you joined our Facebook group,
• 33:39
  Speaker 3: where our community shares our money, wins and confessions every
• 33:43
  Speaker 3: single day, free of judgment. Search She's on the Money
• 33:46
  Speaker 3: on Facebook and join us. If Facebook's not your thing,
• 33:49
  Speaker 3: you can also find us hanging out on Instagram. We're
• 33:52
  Speaker 3: at She's on the Money a US.
• 33:54
  Speaker 2: See you guys next week.
• 33:55
  Speaker 1: Bye bye