Latest / She's On The Money / Get in the bin, 2020

Transcript

Get in the bin, 2020 · She's On The Money

• 0:00
  Speaker 1: She's on the Money. She's on the Money.
• 0:15
  Speaker 2: Hello and welcome to She's on the Money, the podcast
• 0:18
  Speaker 2: for millennials who want financial freedom. My name is Georgia King.
• 0:21
  Speaker 2: I'm a copywriter and journalism student, and each week I
• 0:25
  Speaker 2: sit down to chat all things financed with Melbourne based
• 0:28
  Speaker 2: money Wizard and new dog o' mum Victoria to find Victoria.
• 0:32
  Speaker 3: Hello dog. I love that introduction. So you're not going
• 0:36
  Speaker 3: to be able to say journalism student for all that
• 0:38
  Speaker 3: much longer, are you, dug Joy King?
• 0:40
  Speaker 1: Well, one more semester, all right, so I mean it'll
• 0:43
  Speaker 1: be next year.
• 0:44
  Speaker 3: Still, all right, let's milk it for all it's worth.
• 0:46
  Speaker 3: Carry on now.
• 0:47
  Speaker 2: Twenty twenty has been a year. It's been garbage fiery
• 0:52
  Speaker 2: in more ways than one, and most of us are
• 0:54
  Speaker 2: very ready to say see you later to the year
• 0:57
  Speaker 2: that was. But what if we learned and what financial
• 1:00
  Speaker 2: lessons do we want to take with us into twenty
• 1:03
  Speaker 2: twenty one and beyond. Plus we'll be hearing a listener
• 1:07
  Speaker 2: question about the association between guilt and spending, and we
• 1:11
  Speaker 2: hear from a money diarist whose partner had a secret
• 1:13
  Speaker 2: gambling habit.
• 1:15
  Speaker 1: So a lot to.
• 1:16
  Speaker 2: Get to today, Victoria as always. But before we get
• 1:19
  Speaker 2: there money wins or confessions from the week, what have
• 1:22
  Speaker 2: you got for me?
• 1:23
  Speaker 3: You are not going to expect this, Georgia, Are you
• 1:26
  Speaker 3: ready talk to me? I've bought more dog stuff. What
• 1:29
  Speaker 3: you never? It's getting a bit excessive, but I'm here
• 1:35
  Speaker 3: for it, and I have no regrets. No rag rats,
• 1:38
  Speaker 3: I think is what the cool kids say, do they say?
• 1:41
  Speaker 3: Though they probably don't, But that's okay. I've been buying
• 1:44
  Speaker 3: really obnoxious dog stuff. Obviously. I have just gotten a puppy.
• 1:48
  Speaker 3: For those of you who don't know, you probably should
• 1:50
  Speaker 3: because it's all they talk about nowadays. I've been buying
• 1:53
  Speaker 3: dog bows like things that she can dress up in
• 1:56
  Speaker 3: at Christmas time, because I'm obviously going to have a
• 1:58
  Speaker 3: puppy at Christmas, and that's really novel and I'm really ridiculous.
• 2:02
  Speaker 3: I'd also like to just take this time to let
• 2:04
  Speaker 3: you know, Georgia, that it is aligned to my values.
• 2:07
  Speaker 3: So yeah, I'll continue to spend this way on ridiculous
• 2:11
  Speaker 3: dog things. In saying that these ridiculous dog things are
• 2:13
  Speaker 3: like three or four dollars each, we're not talking I'm
• 2:16
  Speaker 3: spending thousands of dollars on like a Gucci dog tracksuit.
• 2:19
  Speaker 3: People do that, Yeah, they do, and that does actually exist.
• 2:22
  Speaker 3: So like I'm not there yet.
• 2:24
  Speaker 1: Yes, but it's a slippery slope.
• 2:26
  Speaker 3: Yeah I can in the world of Dog Georgia.
• 2:29
  Speaker 2: Have you got a money win or confession for us
• 2:31
  Speaker 2: this week? I do, Okay, I'm going to go with
• 2:34
  Speaker 2: a money win this week. I've got a couple written
• 2:36
  Speaker 2: down that I'm going to divvy out across the journey.
• 2:38
  Speaker 2: So this one, as you guys know because I talk
• 2:41
  Speaker 2: about it all the time, I've recently moved out with
• 2:43
  Speaker 2: my partner.
• 2:43
  Speaker 3: Oh my god, you've moved out with a partner.
• 2:46
  Speaker 2: Anyway, we so we were doing our big shop, went
• 2:49
  Speaker 2: to Ika, did all of that. You know, I got
• 2:50
  Speaker 2: that river frame I was talking about last time.
• 2:53
  Speaker 3: And to go to a Kia. It's like a ride
• 2:54
  Speaker 3: of passage when you moved out with a partner for
• 2:56
  Speaker 3: the first time, Like you have to go to Ikea.
• 2:58
  Speaker 3: If you didn't, I'm pretty sure your relationships doomed.
• 3:01
  Speaker 2: Yeah. Well it was pretty intense. Like as I said
• 3:04
  Speaker 2: last time, Ikea on a Sunday, wof.
• 3:07
  Speaker 1: It is busy.
• 3:07
  Speaker 3: I don't know why you did that to yourself, But
• 3:09
  Speaker 3: that's okay.
• 3:10
  Speaker 2: I know, and it was the weekend we moved as well. Anyway,
• 3:12
  Speaker 2: story for another time.
• 3:13
  Speaker 1: I digress.
• 3:14
  Speaker 2: So the other thing that is essential as well as
• 3:17
  Speaker 2: going to Ikea is decking your house full of plants.
• 3:20
  Speaker 3: Yes, also very essential, but you know.
• 3:23
  Speaker 1: They can set you back. They can set you back
• 3:25
  Speaker 1: a lot.
• 3:26
  Speaker 3: They are very expensive, especially when you're trying to be
• 3:28
  Speaker 3: fancy plant lady.
• 3:30
  Speaker 1: Yeah, so this wasn't that fancy.
• 3:32
  Speaker 2: Harps and I were walking back inside from our big
• 3:35
  Speaker 2: day at Ikea and there was this giant plant next
• 3:39
  Speaker 2: to the rubbish bit like on our way back into
• 3:41
  Speaker 2: the apartment building.
• 3:42
  Speaker 3: Oh okay.
• 3:43
  Speaker 1: I was like, mmm, is that for free?
• 3:46
  Speaker 3: And like it was.
• 3:47
  Speaker 1: It's a little bit dingy. So it was in this pot.
• 3:49
  Speaker 3: You can bring it back to life. You are so
• 3:51
  Speaker 3: full of love to give this plant. It's going to thrive.
• 3:54
  Speaker 2: And I know that's what I've done. So we took
• 3:57
  Speaker 2: it kind of a little.
• 3:58
  Speaker 3: Bit like, sure, someone wasn't in the middle of moving
• 4:00
  Speaker 3: house and they just put their plant there for sub origin,
• 4:03
  Speaker 3: You've stolen someone.
• 4:04
  Speaker 2: To be honest, I'm not entirely sure that that is
• 4:07
  Speaker 2: not That's.
• 4:07
  Speaker 3: A very nice welcome to their community. Georgia is the resident.
• 4:12
  Speaker 1: I'll take that tree. But look, I've never been happier.
• 4:15
  Speaker 1: Free plant for George.
• 4:16
  Speaker 2: I probably know it was honest, Like, it's not they
• 4:19
  Speaker 2: were an unattended plant.
• 4:20
  Speaker 1: Unattended.
• 4:21
  Speaker 2: It was dingy, but it was dead leaves. Yeah, so
• 4:25
  Speaker 2: money win. Look out for things near the bin.
• 4:27
  Speaker 3: I love that. I love plants. I feel like those
• 4:30
  Speaker 3: of you who actually follow me on Instagram. No, I'm
• 4:32
  Speaker 3: a bit obsessed with my plants. I've started propagating again.
• 4:36
  Speaker 1: What does that mean?
• 4:37
  Speaker 3: Yeah, so propagating where you take a leaf or like
• 4:39
  Speaker 3: a stem of a plant create a new plant.
• 4:41
  Speaker 1: Who oh yeah, yeah, I do know what that is.
• 4:44
  Speaker 3: It's kind of like the debt free community on Instagram. Like,
• 4:47
  Speaker 3: if you don't know about it, you're like, what is that?
• 4:49
  Speaker 3: But then once you learn about the debt free community
• 4:52
  Speaker 3: on Instagram, it's a massive rabbit warren. Yeah sure, same
• 4:54
  Speaker 3: with the plant Instagram.
• 4:56
  Speaker 1: I love how you tit it all back to finance.
• 4:58
  Speaker 1: That's what she does.
• 4:59
  Speaker 3: Welcome, That's what we're here to do. Let's move on
• 5:01
  Speaker 3: before our rabbit warren gets any.
• 5:03
  Speaker 2: Deepers, let's move right across to the Facebook community. Vickid
• 5:08
  Speaker 2: your favorite post this week? Last one of twenty twenty.
• 5:11
  Speaker 2: What have you got for me?
• 5:12
  Speaker 3: All Right? So this week I have a post that
• 5:15
  Speaker 3: I have found from Emma, and I actually thought it
• 5:17
  Speaker 3: was a little bit inspirational which I wanted to share
• 5:20
  Speaker 3: because I want you guys to kind of do this
• 5:22
  Speaker 3: as well. So Emma posted and she said, recently I
• 5:25
  Speaker 3: discovered the term one man's trash is another man's treasure,
• 5:29
  Speaker 3: and this has never been more relatable. Leading up to
• 5:31
  Speaker 3: the festive season, she thought that she would have a
• 5:34
  Speaker 3: go at selling some of her unwanted stuff on Facebook marketplace.
• 5:38
  Speaker 3: She thought what was going to be like a few
• 5:39
  Speaker 3: dollars here and there actually ended up being more than
• 5:42
  Speaker 3: seven hundred and fifty dollars, and she's actually still got
• 5:45
  Speaker 3: more items pending to be sold. So I thought that
• 5:48
  Speaker 3: was kind of epic, especially going into the silly season
• 5:50
  Speaker 3: where most of us are a little bit cash strapped.
• 5:54
  Speaker 3: She said, these were legit, just small things lying around
• 5:57
  Speaker 3: my room and my house which had absolutely no value
• 5:59
  Speaker 3: to me. And she's also met some really lovely people
• 6:02
  Speaker 3: who actually told me these were Christmas items for friends
• 6:04
  Speaker 3: and family. So I really like that. I feel like
• 6:07
  Speaker 3: it's such as she's on the money thing to do,
• 6:09
  Speaker 3: which is why I wanted to share it. So thank
• 6:11
  Speaker 3: you Emma for posting that. ILER actually love it.
• 6:14
  Speaker 1: Well done.
• 6:15
  Speaker 3: Have you got one that could rival Emma's post?
• 6:18
  Speaker 2: I do so mineus from Jess and it's a boozy
• 6:21
  Speaker 2: money win so.
• 6:21
  Speaker 3: She was, I like that we use words like boozie
• 6:24
  Speaker 3: and bougie interchangeably.
• 6:26
  Speaker 2: We do. Yeah, absolutely take a shot now. She was
• 6:30
  Speaker 2: catching up with some friends at a winery recently and
• 6:33
  Speaker 2: noticed a barrel of wine bottles for ten dollars each.
• 6:36
  Speaker 3: Oh, winery wines are never ten dollars.
• 6:38
  Speaker 2: No, no, no, they are expensive. Anyway, she got them
• 6:41
  Speaker 2: for ten dollars. It was something to do with the
• 6:43
  Speaker 2: labels being like they were mislabeled, but they were completely fine,
• 6:48
  Speaker 2: so usually they would retail between twenty and thirty six
• 6:51
  Speaker 2: dollars at the cellar door. So she, you know, got
• 6:53
  Speaker 2: them for a hot bargain and she's also supporting the winery.
• 6:58
  Speaker 1: So cheers to you, Jeff. Enjoy those peppos.
• 7:02
  Speaker 3: Yes, I love that, and I think that we would
• 7:04
  Speaker 3: all agree that wine tastes the same regardless of what
• 7:06
  Speaker 3: the label says. If it was wrong, I don't mind
• 7:08
  Speaker 3: for sure. If you have enough glasses. You probably can't
• 7:11
  Speaker 3: read the label anyway. I hey, love that drink responsibly. Friends.
• 7:15
  Speaker 2: Of course, now they let's move across to the main
• 7:18
  Speaker 2: chat for today's show. So just a little disclaimer, this
• 7:22
  Speaker 2: show will work a little bit differently from usual. It's
• 7:24
  Speaker 2: not going to be as stat heavy as usual. It's
• 7:27
  Speaker 2: going to be more reflective.
• 7:30
  Speaker 3: I really like when you go full stats.
• 7:32
  Speaker 2: Like there's a couple of stats in there, but it's
• 7:34
  Speaker 2: not like as intense. It's basically going to be a
• 7:38
  Speaker 2: reflection on the year that has been twenty twenty. Obviously,
• 7:41
  Speaker 2: it's been extremely hard for most of us, I would say,
• 7:46
  Speaker 2: So what we want to do is look back and
• 7:48
  Speaker 2: pick apart the things that we've learned and kind of
• 7:51
  Speaker 2: just reflect on the year that was to kind of
• 7:55
  Speaker 2: go into next year all guns blazing one percent.
• 7:58
  Speaker 3: But before we get there, Yea, Georgia and I were
• 8:01
  Speaker 3: having a chat before and I'm obviously one of those
• 8:03
  Speaker 3: big inspirational quote people love a good poem, love a
• 8:07
  Speaker 3: good inspo post, and I found a really beautiful one online.
• 8:12
  Speaker 3: It is a poem that was written by a lovely
• 8:14
  Speaker 3: lady called Laura ding Edwards, and I wanted to share
• 8:17
  Speaker 3: that with you before we started, because as much as
• 8:19
  Speaker 3: it's all about celebration, I feel like these really encapsulated
• 8:23
  Speaker 3: everything that is She's on the money, that is me,
• 8:25
  Speaker 3: that is you, Georgia. And I read it to you
• 8:27
  Speaker 3: and you were like, yes, that is literally true. Yeah,
• 8:30
  Speaker 3: I think it was really special. So I'll read that
• 8:32
  Speaker 3: out for you friends, because it's story time with V
• 8:35
  Speaker 3: and I think that this is actually just too beautiful
• 8:38
  Speaker 3: to summarize, you know, maybe the feelings we should have
• 8:41
  Speaker 3: going into twenty twenty one. So the poem by Laura
• 8:44
  Speaker 3: ding Edwards is called the Mountain. If the mountain seems
• 8:48
  Speaker 3: too big today, then climb a hill instead. If the
• 8:51
  Speaker 3: morning brings you sadness, it's okay to stay in bed.
• 8:54
  Speaker 3: If the day ahead weighs heavy and your plans feel
• 8:57
  Speaker 3: like a curse, There's no shame in rearranging. Don't make
• 9:00
  Speaker 3: yourself feel worse. If a shower stings like needles, and
• 9:04
  Speaker 3: a bath feels like you'll drown. If you haven't washed
• 9:07
  Speaker 3: your hair for days, don't throw away your crown. A
• 9:10
  Speaker 3: day is not a lifetime. A rest is not defeat.
• 9:13
  Speaker 3: Don't think of it as a failure. Just a quiet,
• 9:15
  Speaker 3: kind retreat. It's okay to take a moment from an anxious,
• 9:19
  Speaker 3: fractured mind. The world will not stop turning when you
• 9:22
  Speaker 3: get realigned. The mountain will still be there when you
• 9:25
  Speaker 3: want to try again, you can climb it in your
• 9:28
  Speaker 3: own time. Just love yourself till then.
• 9:32
  Speaker 1: I put that on a pillow.
• 9:34
  Speaker 2: I mean, it would be too many words for a pillow,
• 9:36
  Speaker 2: but it'd be a big pillow, a huge pillow.
• 9:38
  Speaker 3: I think it could be a really great Instagram post.
• 9:40
  Speaker 3: So we'll do that and chuck it in a newsletter
• 9:41
  Speaker 3: this week, because genuinely, I just feel like that's the
• 9:44
  Speaker 3: type of energy that we should be encompassing and encapsulating
• 9:49
  Speaker 3: all the way through till twenty twenty one. And essentially,
• 9:52
  Speaker 3: to summarize all of that, just be kind to yourselves
• 9:54
  Speaker 3: and let's get onto a bit more of an exciting topic.
• 9:59
  Speaker 2: Let's do it, okay, So we start us off by
• 10:03
  Speaker 2: talking me through what you've learned this year. It's obviously
• 10:05
  Speaker 2: been a massive year for you in a professional sense,
• 10:09
  Speaker 2: a personal sense. A lot has happened, So give our
• 10:12
  Speaker 2: listeners a little bit of insight into how it's all
• 10:14
  Speaker 2: been for.
• 10:15
  Speaker 3: Oh my gosh, twenty twenty wash an absolute garbage flyer.
• 10:18
  Speaker 3: But also at the same time, it would be really
• 10:21
  Speaker 3: naive of me to say that it wasn't one of
• 10:24
  Speaker 3: the best years for me. Ever, that She's on the
• 10:26
  Speaker 3: Money community has grown and grown and we have this
• 10:31
  Speaker 3: epic community of literally more than one hundred thousand people. Now,
• 10:35
  Speaker 3: I am so proud. It makes me cry, it is
• 10:37
  Speaker 3: so epic. I'm also in this really fortunate position where
• 10:40
  Speaker 3: we have hired a number of people to join that
• 10:43
  Speaker 3: She's on the Money team. Like, We've got a new producer, Beck,
• 10:46
  Speaker 3: she's a legend. We've obviously got Ryan John who's been
• 10:48
  Speaker 3: here for a while. I've hired Jess and she is
• 10:52
  Speaker 3: going to be a community manager. She is my ea.
• 10:55
  Speaker 3: She is a content creator. She's honestly so beautiful, and
• 10:59
  Speaker 3: I'm so grateful for her to have started. We've got Stephie,
• 11:02
  Speaker 3: who's going to be the person that you guys will
• 11:04
  Speaker 3: hear from when you feel in our inquiries to get
• 11:06
  Speaker 3: matched with your perfect broker or accountant or financial advisor.
• 11:10
  Speaker 3: And to be honest, I never saw this coming. I
• 11:13
  Speaker 3: didn't think She's on the Money would grow that way. Obviously,
• 11:15
  Speaker 3: Georgia King, I've got you, and I've got Tenaya, and
• 11:17
  Speaker 3: I feel very grateful for everybody. But at the end
• 11:20
  Speaker 3: of the day, like as much as the community has
• 11:23
  Speaker 3: grown and has been so special, I'm not gonna lie
• 11:27
  Speaker 3: took a massive impact mentally for me. I think the
• 11:29
  Speaker 3: whole team knows. This hasn't been the easiest year on me.
• 11:33
  Speaker 3: It has been incredibly hard. I've gone through a number
• 11:35
  Speaker 3: of health issues. I stressed so much Georgia that I
• 11:38
  Speaker 3: gave myself shingles.
• 11:40
  Speaker 1: I don't think I knew that.
• 11:41
  Speaker 3: No, I don't really talk about it because it's just
• 11:44
  Speaker 3: not that interesting my friends. But at the end of
• 11:47
  Speaker 3: the day, I think it would be really silly of
• 11:49
  Speaker 3: me to not talk about the not so shiny side
• 11:51
  Speaker 3: of this, Like I've put myself in a position where
• 11:54
  Speaker 3: I have ended up really, really sick and had to
• 11:57
  Speaker 3: spend a number of days in bed. But I also
• 11:59
  Speaker 3: think that that's you know, I'm not gonna normalize that.
• 12:02
  Speaker 3: That's actually not okay. Shouldn't have burnt myself out like that.
• 12:05
  Speaker 3: I should have taken a break. But I'm just really
• 12:07
  Speaker 3: passionate about what I do on a personal front.
• 12:09
  Speaker 1: Georgia, a little bit's been going on.
• 12:12
  Speaker 3: Got a dog.
• 12:13
  Speaker 1: She's sitting beneath the table right now.
• 12:15
  Speaker 3: Yeah, but she's officially an office dog, so she'll be
• 12:17
  Speaker 3: in all of the She's on the Money recordings moving forward.
• 12:20
  Speaker 3: I got Henry the cat because obviously we all decided
• 12:24
  Speaker 3: I sow pets, ruthing love. Henry obviously have Bailey. So
• 12:27
  Speaker 3: now I'm the pet mum of three pets, which I
• 12:30
  Speaker 3: didn't see coming. And on a more exciting front that
• 12:34
  Speaker 3: I haven't announced, but if you're listening to the pod,
• 12:36
  Speaker 3: you get to know, Georgia, I bought my first home
• 12:38
  Speaker 3: this year, I know, and yeah, we haven't spoken about
• 12:43
  Speaker 3: it yet, but you best believe I've already filmed a
• 12:45
  Speaker 3: home tour. You guys will be the first to know.
• 12:48
  Speaker 3: I'll show you all around because it's essentially the house
• 12:51
  Speaker 3: that She's on the Money built, And to be honest,
• 12:53
  Speaker 3: that's so special. So Steve and I we bought a home,
• 12:56
  Speaker 3: we bought a dog, and I feel like that's just
• 12:58
  Speaker 3: really adult, Like I tap out there, Georgia, how's yours been?
• 13:02
  Speaker 3: I know it's been a bit weird, a bit big
• 13:04
  Speaker 3: bit everywhere. What's been going on with you? Yeah?
• 13:07
  Speaker 2: So similarly, I guess i'd like to start out by
• 13:09
  Speaker 2: acknowledging my privilege. My god, it's been such a hard
• 13:14
  Speaker 2: time for everyone. But yeah, it has been a really
• 13:19
  Speaker 2: just really bizarre. Yeah, as most of you guys would know,
• 13:23
  Speaker 2: I was living at home with my parents for most
• 13:25
  Speaker 2: of this year. Back out now with Harper As I
• 13:27
  Speaker 2: was just saying, and you know, wasn't working, was working
• 13:31
  Speaker 2: a little bit then was doing a degree. Like it
• 13:35
  Speaker 2: was just kind of not what I expected in any way.
• 13:38
  Speaker 3: I think that's exactly what everybody feels. It's just not
• 13:41
  Speaker 3: what we expected. I mean, obviously good and bad things
• 13:44
  Speaker 3: have happened this year, but like, this is not what
• 13:46
  Speaker 3: we expect.
• 13:47
  Speaker 2: No unprecedented is you know, the buzzword that we won't
• 13:50
  Speaker 2: miss when this is all over. I think it's really
• 13:53
  Speaker 2: made me appreciate those luxuries that were afforded living in Australia.
• 13:57
  Speaker 1: Now that Melbourne has opened up.
• 14:00
  Speaker 2: Oh yeah, I just feel really lucky, I think, and
• 14:03
  Speaker 2: I'll never take really anything for granted again. So big
• 14:06
  Speaker 2: yea big year. And it's also it's obviously been amazing
• 14:09
  Speaker 2: being a bigger part of She's on the money and
• 14:11
  Speaker 2: working with UV and you know, getting to know everyone
• 14:14
  Speaker 2: a little bit more in the community and Yeah, just
• 14:16
  Speaker 2: really grateful, feeling.
• 14:17
  Speaker 3: More bit fuzzy, I know, right, Yeah, I feel like
• 14:20
  Speaker 3: it's time that we had a She's on the Money,
• 14:22
  Speaker 3: a bit of a party at some point, socially distanced event. Yeah,
• 14:26
  Speaker 3: it'll be a socially distanced event, maybe one for the team,
• 14:28
  Speaker 3: and then maybe in twenty twenty one, when we're allowed
• 14:31
  Speaker 3: all back together, we should have a legit She's on
• 14:33
  Speaker 3: the Money.
• 14:34
  Speaker 1: Party, stunning pencil that allow She's.
• 14:36
  Speaker 3: On the Money friends. Yeah, someone messaged me the other day. Actually,
• 14:39
  Speaker 3: this is such an off topic episode, but I really
• 14:42
  Speaker 3: like it. Someone messaged me the other day and they're like,
• 14:44
  Speaker 3: oh my god, I'm so sorry to be messaging you,
• 14:46
  Speaker 3: but I really wanted to just share my money when
• 14:48
  Speaker 3: with you. You probably think it's really weird that listeners
• 14:50
  Speaker 3: are writing in. No, No, we're just friends that haven't
• 14:53
  Speaker 3: met yet. Like we just we haven't met yet. And
• 14:56
  Speaker 3: at the end of the day, I'm so excited to
• 14:58
  Speaker 3: hear from you. I want to hear your money wins,
• 15:00
  Speaker 3: I want to hear your confessions. I want to answer
• 15:02
  Speaker 3: your questions and be a part of that. And that's
• 15:04
  Speaker 3: what She's on the Money is growing plans to h
• 15:07
  Speaker 3: so that I can be more available to you guys,
• 15:09
  Speaker 3: and I can be a part of that journey.
• 15:11
  Speaker 2: We'll move along to the next point here, fee. So
• 15:14
  Speaker 2: in terms of the biggest things that have come out
• 15:16
  Speaker 2: of the year in a financial sense, obviously many of
• 15:19
  Speaker 2: us have lost our jobs, many of us have taken
• 15:21
  Speaker 2: pay cuts. We were in a recession. Now we're out
• 15:24
  Speaker 2: of a recession, I think apparently, yeah, currently, But the
• 15:26
  Speaker 2: first thing I wanted to talk to you about is
• 15:28
  Speaker 2: the stat that Ozzie's savings are up at the highest
• 15:31
  Speaker 2: they have been since the nineteen seventy APIs. Obviously that's
• 15:34
  Speaker 2: because we haven't been able to travel or go out,
• 15:37
  Speaker 2: so that's where they're staying. A good stat Yeah, I
• 15:39
  Speaker 2: couldn't have myself, But I wanted to ask you a
• 15:42
  Speaker 2: couple of things. So the first, what do you think
• 15:45
  Speaker 2: people should be doing if they do now have a
• 15:47
  Speaker 2: little bit of extra money in their accounts, so maybe
• 15:49
  Speaker 2: a few extra grand or something like that. And then
• 15:52
  Speaker 2: my second question is how you've seen people's attitudes towards
• 15:56
  Speaker 2: money change this year.
• 15:57
  Speaker 3: I think it's absolutely not the case for everybody, though
• 16:00
  Speaker 3: I know that those stats are up, and that is
• 16:02
  Speaker 3: so epic and I think that there's you know, a
• 16:05
  Speaker 3: lot to do with the fact that lots of us
• 16:07
  Speaker 3: weren't able to go out and some of us were
• 16:09
  Speaker 3: a little bit less frugal with our money, and we
• 16:12
  Speaker 3: were able to just spend, spend, spend because we were
• 16:14
  Speaker 3: leaving the house every day. I do think that, you know,
• 16:17
  Speaker 3: it might not be super reflective of that She's on
• 16:19
  Speaker 3: the Money community, because I have been speaking to lots
• 16:22
  Speaker 3: of you about going through extreme disadvantage and you know,
• 16:25
  Speaker 3: not experiencing that. I just don't think it's the case
• 16:29
  Speaker 3: for every single She's on the Money community member, or
• 16:31
  Speaker 3: even every single Australian and for the people who lost
• 16:34
  Speaker 3: their jobs this year. You guys are obviously not going
• 16:36
  Speaker 3: to be able to relate to this at all. But
• 16:38
  Speaker 3: the stats do show us that on the whole, our
• 16:40
  Speaker 3: savings up, and I think that that's a really great thing.
• 16:42
  Speaker 3: It means that Australia in general is a little bit
• 16:45
  Speaker 3: more financially secure. I think there's also a high priority
• 16:48
  Speaker 3: that's come out of this year of having emergency savings
• 16:51
  Speaker 3: and having an emergency fund and being in a position
• 16:53
  Speaker 3: where you know, you have a little cash up our sleeves.
• 16:56
  Speaker 3: Because I think in some way, shape or form. No
• 16:59
  Speaker 3: matter what we've gone through, every single one of us
• 17:01
  Speaker 3: has experienced a little bit of a pang when it
• 17:03
  Speaker 3: came to talking about money this year. And I guess
• 17:06
  Speaker 3: that's not a great thing. But if you are one
• 17:09
  Speaker 3: of those people who has managed to up your savings,
• 17:12
  Speaker 3: then fantastic, my friend. My advice would actually be just
• 17:16
  Speaker 3: as smart as possible with that extra cash. View it
• 17:19
  Speaker 3: as what was the word last week, Georgia fun bungshible,
• 17:23
  Speaker 3: and as we discussed last week, let's just not think
• 17:26
  Speaker 3: of it as free money, like, if you've got savings,
• 17:28
  Speaker 3: let's make hay while the sun is shining. My friends,
• 17:30
  Speaker 3: we need to be putting that to work because at
• 17:33
  Speaker 3: the end of the day, we don't want to have
• 17:35
  Speaker 3: to go through what we went through again to have
• 17:37
  Speaker 3: those savings recuperated. So there are a few options that
• 17:40
  Speaker 3: we can look at here. The first is just saying tight,
• 17:43
  Speaker 3: pop that money into a high interest savings account and
• 17:45
  Speaker 3: just leave it as you would build up your savings
• 17:47
  Speaker 3: even further. I say high interest savings account, but our
• 17:50
  Speaker 3: savings rates are very low at the moment, and that
• 17:52
  Speaker 3: is also okay because that is just reflective of the
• 17:56
  Speaker 3: current interest rates and the current market. It is not
• 17:59
  Speaker 3: because the banks to do the wrong things. Actually they
• 18:01
  Speaker 3: can't afford to give us the saving rates that we've
• 18:03
  Speaker 3: had before. But you'll also notice that interest rates on
• 18:07
  Speaker 3: home loans are going down, which I know lots of
• 18:09
  Speaker 3: fever in our community are really excited about because it
• 18:12
  Speaker 3: means that they can save more money, or they can
• 18:15
  Speaker 3: put more money towards their mortgages and get out of
• 18:17
  Speaker 3: debt quicker, which I think is really special. And I
• 18:20
  Speaker 3: think that if this year has pushed you forward in
• 18:22
  Speaker 3: a position where you now want to start thinking about
• 18:24
  Speaker 3: bigger ways to make your money work for you, we
• 18:27
  Speaker 3: could actually look at investing on a micro or macro level,
• 18:30
  Speaker 3: or we could even look at property, depending on your circumstances.
• 18:33
  Speaker 3: The key thing I don't want those is our community
• 18:36
  Speaker 3: to be doing all of the spending of that newly
• 18:38
  Speaker 3: saved money. But sure treat yourself here and there like
• 18:43
  Speaker 3: not going to say no to that. We've had a
• 18:45
  Speaker 3: shocking year and sometimes we all need to seek a
• 18:47
  Speaker 3: little joy in the fun things in life, perhaps a
• 18:49
  Speaker 3: little massage at the end of the day. They'm a
• 18:51
  Speaker 3: be guilty of those, but wouldn't it be amazing if
• 18:53
  Speaker 3: we could take something positive out of this really hard
• 18:56
  Speaker 3: year and use it for the benefit of future us.
• 18:59
  Speaker 3: Like I'm always talking about future you, future us. I
• 19:01
  Speaker 3: think that they're really important and at the end of
• 19:03
  Speaker 3: the day, we should be putting them first right now,
• 19:06
  Speaker 3: like you went through this so that future you could
• 19:08
  Speaker 3: potentially be in a better position. The second part of
• 19:11
  Speaker 3: your question, because your question had a number, it was
• 19:13
  Speaker 3: a long components, so I'm cute, Georgia King, was how
• 19:16
  Speaker 3: I've seen other people's attitudes change towards money this year,
• 19:20
  Speaker 3: And to be honest, I think there have been a
• 19:22
  Speaker 3: number of ways that I've seen a shift. So some
• 19:25
  Speaker 3: people have actually just become really conservative with their money
• 19:27
  Speaker 3: and they're securing their finances for the unknown that's laying ahead,
• 19:31
  Speaker 3: which is kind of interesting. And others are spending big
• 19:34
  Speaker 3: now that those everyday luxuries of eating out and shopping
• 19:37
  Speaker 3: are all available to us. Again. I'm seeing this actually
• 19:39
  Speaker 3: in my own friends' groups because we are based in
• 19:43
  Speaker 3: Melbourne and we have arguably had the longest lockdown in
• 19:47
  Speaker 3: the history of ever. You know that could change. I
• 19:50
  Speaker 3: feel like COVID isn't over and we don't know what's
• 19:53
  Speaker 3: lying ahead of us. Yeah, and some people just haven't
• 19:55
  Speaker 3: changed at all and they're just continuing on with the
• 19:57
  Speaker 3: way that they always have, which I think is kind
• 19:59
  Speaker 3: of cool as well. So I think everybody is different.
• 20:01
  Speaker 3: All of those things are fine. The priority here should
• 20:04
  Speaker 3: just be about making future us better off. I was
• 20:08
  Speaker 3: actually reading a study the other day called Brand New
• 20:11
  Speaker 3: Australia which was really interesting and we'll chuck that in
• 20:13
  Speaker 3: the group at some point, and that actually identified that
• 20:16
  Speaker 3: there are fewer new consumer personality types emerging as a
• 20:20
  Speaker 3: result of COVID nineteen. So the five groups that this
• 20:23
  Speaker 3: study identified are safety seekers. So this was twenty six
• 20:27
  Speaker 3: percent of Australians, simplifiers which was twenty percent of Australians,
• 20:32
  Speaker 3: opportunists which is twenty percent, strugglers eighteen and returners which
• 20:37
  Speaker 3: was sixteen percent. So I'll quickly recap all of them
• 20:40
  Speaker 3: because it was actually really interesting and you know, you
• 20:43
  Speaker 3: don't have to read it because my friends I did
• 20:45
  Speaker 3: that for you. So safety seekers group. The group was
• 20:48
  Speaker 3: primarily comprised of people over the age of sixty five,
• 20:51
  Speaker 3: as they are extremely worried about the future the virus
• 20:54
  Speaker 3: and as such they're very alert and very careful about
• 20:56
  Speaker 3: what they do, where they're going, and who they see.
• 20:59
  Speaker 3: So financially they are purchasing as much as they can
• 21:02
  Speaker 3: from the local and independent traders. Like these guys, there
• 21:05
  Speaker 3: are toilet paper hoarders, my friends. The strugglers, who made
• 21:08
  Speaker 3: up eighteen percent of this study, are also stressed for
• 21:11
  Speaker 3: the future, and mainly in a financial sense. So these
• 21:14
  Speaker 3: are the people from lower income households who've been hit
• 21:17
  Speaker 3: hardest in an economic sense by the coronavirus. This group
• 21:21
  Speaker 3: anticipate that the next few years is going to be
• 21:23
  Speaker 3: a huge struggle for them, and saving and budgeting has
• 21:26
  Speaker 3: recently become a huge priority for them. The third group,
• 21:30
  Speaker 3: they were called the opportunists, and these are pretty stress
• 21:33
  Speaker 3: free kind of peeps. They view the pandemic as the
• 21:36
  Speaker 3: jolt that they needed to reassess how they were living
• 21:38
  Speaker 3: and what they actually want from life, so finance was
• 21:41
  Speaker 3: less of a distressor for this group. Then we have simplifiers,
• 21:45
  Speaker 3: and these guys are worried about their financial situation, but
• 21:49
  Speaker 3: on the whole are quite optimistic. So like the opportunists,
• 21:52
  Speaker 3: the pandemic for simplifiers has been a chance to reevaluate
• 21:55
  Speaker 3: what they actually want from their lives, with the conclusion
• 21:58
  Speaker 3: that they prefer to have a lesson complicated existence, interesting
• 22:01
  Speaker 3: which I kind of get. This report actually found that
• 22:04
  Speaker 3: this group were more likely to trade down and shift
• 22:06
  Speaker 3: their priorities from buying material goods to purchasing experiences, which
• 22:10
  Speaker 3: I think is really cool. And then finally we have
• 22:13
  Speaker 3: the returners, and these guys, they're surper, chill about everything.
• 22:16
  Speaker 3: They are ready to go back to the way things were,
• 22:18
  Speaker 3: and the virus really hasn't changed their behavior at all,
• 22:21
  Speaker 3: so they're kind of like, eh, yeah, they don't mind.
• 22:25
  Speaker 3: So I think it's interesting to look at stuff like
• 22:27
  Speaker 3: this and have a think about it. And I'd really
• 22:29
  Speaker 3: encourage everyone to take a little moment and have a
• 22:31
  Speaker 3: think about what they've learned this year and about the
• 22:33
  Speaker 3: way they want to live and what has changed for
• 22:35
  Speaker 3: them in terms of their goals and their values. So
• 22:37
  Speaker 3: we can jump into next year with a super clear
• 22:39
  Speaker 3: outlook for the road ahead, which I think is you
• 22:41
  Speaker 3: know where we should all be at.
• 22:43
  Speaker 1: For sure.
• 22:44
  Speaker 3: It is what it is. Stuff happens. We can't control it.
• 22:47
  Speaker 3: Let's try and control the things that we can control
• 22:49
  Speaker 3: and understand the things that are within our breadth of understanding,
• 22:53
  Speaker 3: and I think that that's all we can really do.
• 22:55
  Speaker 1: I think that was something.
• 22:56
  Speaker 2: You spoke about with the psychologist brie and your self
• 22:59
  Speaker 2: care seminar about anxiety or something.
• 23:02
  Speaker 3: Yeah, I love those sessions.
• 23:04
  Speaker 2: They were great.
• 23:05
  Speaker 3: They were actually so fun and she was so generous
• 23:07
  Speaker 3: with her time, like, Bree, love you, love your work, you, Bree.
• 23:10
  Speaker 3: Those videos are still up on YouTube though, if you
• 23:12
  Speaker 3: guys miss them. We had a number of self care
• 23:15
  Speaker 3: sessions where I got a psychologist, Brianna Sada, who is
• 23:18
  Speaker 3: honestly one of the most delightful humans you will ever meet,
• 23:22
  Speaker 3: and she just talked through how to manage anxiety and
• 23:25
  Speaker 3: how to manage the time that we were going through.
• 23:27
  Speaker 3: And that was really powerful, even for me because in
• 23:30
  Speaker 3: the background, I'm obviously very open and happy to share this,
• 23:33
  Speaker 3: like I was struggling mentally and just really struggling with
• 23:37
  Speaker 3: lockdown and really struggling being away from my friends and
• 23:39
  Speaker 3: my family and feeling like I was, you know, not
• 23:42
  Speaker 3: in control because I'm very type A. I don't know
• 23:44
  Speaker 3: if you guys noticed super type A personality, and I
• 23:47
  Speaker 3: just felt like I have the grace of seeing a
• 23:50
  Speaker 3: psychologist like I am so lucky and so fortunate to
• 23:53
  Speaker 3: be in that position and wanted to extend it to
• 23:56
  Speaker 3: other people. So, you know, that video series was essentially
• 23:59
  Speaker 3: like a little therapy sessions that we had every Thursday
• 24:01
  Speaker 3: night together.
• 24:02
  Speaker 2: We should repost that in the Facebook group. I reckon
• 24:05
  Speaker 2: to bring it back to the top of the feed. Yeah,
• 24:07
  Speaker 2: let me do that.
• 24:08
  Speaker 1: We'll move on now again.
• 24:09
  Speaker 3: There v.
• 24:10
  Speaker 1: So we talk about money a lot on the podcast.
• 24:13
  Speaker 3: She's on the releak. I didn't even know.
• 24:16
  Speaker 1: What you a financial advisor.
• 24:18
  Speaker 3: No, I don't even know what that is.
• 24:19
  Speaker 2: So the other thing we often talk about, because it
• 24:22
  Speaker 2: kind of goes hand in hand with money, is career.
• 24:25
  Speaker 3: Oh we do, yes.
• 24:26
  Speaker 2: So is there any advice you would have for people
• 24:28
  Speaker 2: who have found this year that working and striving for
• 24:31
  Speaker 2: the ultimate career success may not actually be what they
• 24:34
  Speaker 2: wanted after all. I guess that would be maybe the simplifiers,
• 24:38
  Speaker 2: So people that are kind of shifting their priorities and
• 24:41
  Speaker 2: are thinking, oh, maybe CEO position is not what I'm after.
• 24:45
  Speaker 2: Maybe I just want more a simpler life.
• 24:48
  Speaker 3: I like that. And yeah, I have actually heard from
• 24:51
  Speaker 3: a lot of people who before the pandemic had identified
• 24:54
  Speaker 3: themselves as super ambitious career wise. They were super career
• 24:57
  Speaker 3: focused people, but now having spent most the year either
• 25:00
  Speaker 3: not working or working from home or working in those
• 25:03
  Speaker 3: very intense situations on the front line, they've decided that
• 25:06
  Speaker 3: maybe work isn't as important to them as they thought
• 25:08
  Speaker 3: it would have been at the start of this year.
• 25:10
  Speaker 3: Other things like family and friends and domestic travel and
• 25:13
  Speaker 3: having more time on our hands have really become a
• 25:16
  Speaker 3: bit more of a priority. And I think that's such
• 25:18
  Speaker 3: a good thing. Like we talk about this in our
• 25:20
  Speaker 3: team all the time, that I don't want my team
• 25:22
  Speaker 3: to just have to like work to live, Like I
• 25:25
  Speaker 3: want them to live to work and like enjoy their jobs,
• 25:28
  Speaker 3: and you know, really seek passion out of that, and
• 25:30
  Speaker 3: that you know falls back into like work life balance
• 25:33
  Speaker 3: and actually having a good one. And you know, everyone thought,
• 25:36
  Speaker 3: I think at the start of COVID lockdowns that working
• 25:40
  Speaker 3: from home would be a dream and it'd be so easy.
• 25:42
  Speaker 3: And I think most of us have actually found that
• 25:45
  Speaker 3: we're working longer hours and we're unable to separate work
• 25:47
  Speaker 3: from life and it's all becoming all consuming and overwhelming
• 25:51
  Speaker 3: and not a nice thing to have happened to us.
• 25:54
  Speaker 3: And you know, there are some people who are going
• 25:55
  Speaker 3: to be like Victory, I've got rocks in your head.
• 25:57
  Speaker 3: I love working from home, and I do know a
• 25:59
  Speaker 3: couple of people like that. You're crazy, crazy friends. We're
• 26:03
  Speaker 3: all very different, and I think that you know, a
• 26:05
  Speaker 3: lot of us have been forced into a position where
• 26:07
  Speaker 3: we've had to think, do I actually want this? Being
• 26:09
  Speaker 3: surrounded by people in an office every day sometimes gives
• 26:13
  Speaker 3: you that extra energy that you need to get through
• 26:15
  Speaker 3: the working day. But when it's just you and your
• 26:17
  Speaker 3: job in you know, maybe the spare room or even
• 26:21
  Speaker 3: like the dining table of your sharehouse, you realize M
• 26:24
  Speaker 3: doing this twenty four seven. This doesn't appeal to me
• 26:27
  Speaker 3: for the rest of my life. And I think, you
• 26:29
  Speaker 3: know what, how lucky are we to have been given
• 26:31
  Speaker 3: that reflection point to really work out what we want
• 26:33
  Speaker 3: and where we want to go and what that looks like?
• 26:36
  Speaker 1: Yeah, for sure.
• 26:37
  Speaker 2: Just a little shout out in here as well. Just
• 26:40
  Speaker 2: wanted to send love and thanks to all of the
• 26:42
  Speaker 2: frontline workers this year as well, because you might be thinking,
• 26:45
  Speaker 2: oh god, girls, stop talking about office and home stuff.
• 26:48
  Speaker 2: I've been on the front line fighting this pandemic. So
• 26:50
  Speaker 2: I just wanted to say.
• 26:51
  Speaker 3: Guys are next. I appreciate you. Guys are so cool,
• 26:54
  Speaker 3: it is not funny. We are so lucky to have you.
• 26:57
  Speaker 3: I think you've been wildly underappreciated for way too and
• 27:00
  Speaker 3: now you are literally the reason we are getting through
• 27:02
  Speaker 3: this and we are okay and we are safe. So
• 27:04
  Speaker 3: shout out to you friends, Bladi, you are epic and
• 27:07
  Speaker 3: I love it.
• 27:08
  Speaker 1: Yes, thank you Queans.
• 27:09
  Speaker 2: Now kind of on this same pattern of thought, what
• 27:14
  Speaker 2: would you say to people who are coming to the
• 27:16
  Speaker 2: close of twenty twenty and are thinking, God, damn, I
• 27:19
  Speaker 2: have not achieved anything close to what I thought I
• 27:21
  Speaker 2: would achieve.
• 27:23
  Speaker 3: Don't worry, my friend, that is fine, I think. Go
• 27:25
  Speaker 3: back to that poem I read out at the start
• 27:27
  Speaker 3: of this episode, the end of the Day. I think
• 27:29
  Speaker 3: most of us can actually relate to this feeling personally.
• 27:33
  Speaker 3: I had so much planned for my business and my
• 27:35
  Speaker 3: personal life and it just hasn't happened. Again, I am
• 27:39
  Speaker 3: really lucky in that a lot has clearly happened in
• 27:42
  Speaker 3: both of those spaces. But it is so hard, as
• 27:45
  Speaker 3: someone who thrives on feeling like they're achieving, to take
• 27:49
  Speaker 3: a step back and say, you know what, Victoria just
• 27:51
  Speaker 3: surviving is enough right now. And obviously I've got a puppy,
• 27:54
  Speaker 3: and I've bought a home, and I've done all these
• 27:56
  Speaker 3: really cool, shiny things. But admittedly they've happened in December.
• 28:00
  Speaker 3: They have not been the entire year. In as much
• 28:02
  Speaker 3: as I'm so so grateful and so privileged to have
• 28:05
  Speaker 3: been able to do that, I'm also in a position
• 28:08
  Speaker 3: where during the year it was survival mode and it
• 28:12
  Speaker 3: did feel like it was hard to get out of bed,
• 28:14
  Speaker 3: and some days I just spent the entire day in bed.
• 28:16
  Speaker 3: And do you know what, friends, that is okay, and
• 28:18
  Speaker 3: you need to give yourself a permission to do that.
• 28:20
  Speaker 3: And I think that by me talking about it, hopefully
• 28:22
  Speaker 3: it gives you permission to maybe feel a little bit
• 28:25
  Speaker 3: more okay. Yeah, that's it, because I know I've got
• 28:28
  Speaker 3: a number of friends who are like, oh, yeah, sorry,
• 28:29
  Speaker 3: I didn't answer the phone. I was busy, and I'm
• 28:32
  Speaker 3: here going, well, I know you weren't. I know you
• 28:34
  Speaker 3: were just feeling really flat, and that's okay too, But
• 28:37
  Speaker 3: we should be having these conversations with each other. And
• 28:39
  Speaker 3: I know, Georgia, I've said to you and I've said
• 28:42
  Speaker 3: to the team, do you know what I couldn't get
• 28:43
  Speaker 3: out of bed today. I was just feeling really flat.
• 28:46
  Speaker 3: And I think that knowing that there are people on
• 28:48
  Speaker 3: my team going, oh, that's okay, that's totally fine. Do
• 28:51
  Speaker 3: you need anything, Nah, I'll be right. I'll be right tomorrow.
• 28:53
  Speaker 3: I just need it today. Grateful to have a team
• 28:55
  Speaker 3: that literally embraced that for me.
• 28:58
  Speaker 2: Yeah, but also hearing that from the boss or for
• 29:01
  Speaker 2: people listening to this now from a podcaster that you love,
• 29:03
  Speaker 2: who you look up to or whatever.
• 29:05
  Speaker 1: I don't know if you do. I'm sure you do.
• 29:07
  Speaker 3: Hell don't do that.
• 29:09
  Speaker 1: But I think that is really meaningful.
• 29:11
  Speaker 2: And the more we speak about things like this, the
• 29:13
  Speaker 2: more normalized it becomes, and it makes it easier for everyone.
• 29:16
  Speaker 3: So absolutely, and late mental health is so important, and
• 29:20
  Speaker 3: mental health is real health.
• 29:21
  Speaker 2: Last question before we move on to our listener question
• 29:25
  Speaker 2: today be obviously the garbage Buyer is about to be
• 29:29
  Speaker 2: behind us. We're about to step into a fresh year. Great,
• 29:33
  Speaker 2: what tips or hot tip would you have for our
• 29:36
  Speaker 2: listeners to take home with them as we move into
• 29:38
  Speaker 2: this new year?
• 29:39
  Speaker 3: Yeah? No, tip six that listen to the next pod,
• 29:41
  Speaker 3: because that's literally what the New Year Tips pod is
• 29:45
  Speaker 3: going to be about.
• 29:46
  Speaker 4: New year.
• 29:47
  Speaker 3: Nar me, not that because that's what I did last year,
• 29:49
  Speaker 3: but literally, like how we can start twenty twenty one
• 29:51
  Speaker 3: on the best foot. But for now, I would just
• 29:53
  Speaker 3: like to say, let's congratulate ourselves on getting through an
• 29:56
  Speaker 3: impossibly tough year. There's something really symbolic about start afresh
• 30:00
  Speaker 3: in twenty twenty one. And of course the pandemic and
• 30:03
  Speaker 3: all of the collateral damage it has caused won't just
• 30:05
  Speaker 3: cease when the gear ticks over, but it is a
• 30:08
  Speaker 3: really good chance to reframe our perspective and start being
• 30:11
  Speaker 3: a little bit more positive and a little bit more optimistic,
• 30:14
  Speaker 3: and a little bit more all inclusive and you know,
• 30:17
  Speaker 3: making sure that we are all on the same team together.
• 30:19
  Speaker 3: So again, make sure you just tune into next week's
• 30:21
  Speaker 3: episode to more insight on.
• 30:23
  Speaker 1: That subtle plug. Also, just before we go, keep plug,
• 30:26
  Speaker 1: you did a poem at the start.
• 30:27
  Speaker 2: Of this chat, So I'm going to sing a song
• 30:31
  Speaker 2: last night.
• 30:34
  Speaker 1: Victoria is not sure what's happening.
• 30:36
  Speaker 3: This is very off topic, but time here for it.
• 30:39
  Speaker 3: What are we singing? Georgia?
• 30:40
  Speaker 2: Okay, guys, there's always going to be another mountain. I'm
• 30:44
  Speaker 2: always gonna make it, want to make it move always
• 30:47
  Speaker 2: going to be an uphill battle. Sometimes I'm going to
• 30:50
  Speaker 2: have to lose. Ain't about how fast I get there.
• 30:53
  Speaker 2: It ain't about what's waiting on the other side, because
• 30:56
  Speaker 2: it's the club, all.
• 31:01
  Speaker 3: Right, did you? Yeah? Obviously? Question? Do you know what Miley?
• 31:05
  Speaker 3: Back it up? Watch out? George is coming for your
• 31:08
  Speaker 3: job in twenty twenty one.
• 31:09
  Speaker 2: Sorry for anyone who I'll listen to that, Sorry guys.
• 31:12
  Speaker 1: A listener question.
• 31:12
  Speaker 5: Let's go.
• 31:20
  Speaker 2: Hi, there, you've reached the shoes on the Money mail bucks.
• 31:23
  Speaker 2: Do you have the money problem you won't help solving.
• 31:25
  Speaker 2: Do you have a money dilemma.
• 31:26
  Speaker 1: You just want to chat it out?
• 31:28
  Speaker 2: Victoria is here to help. Every week we'll be playing
• 31:30
  Speaker 2: your questions to help make sense of a money mester.
• 31:33
  Speaker 2: May I found yourself in thanke you quick recording on
• 31:35
  Speaker 2: your phone and send it through to podcast at chesothmoney
• 31:37
  Speaker 2: dot com, dot at you and you might even find
• 31:39
  Speaker 2: yourself on the show.
• 31:41
  Speaker 1: But for now, here's today's listener question.
• 31:45
  Speaker 5: Hi, she's on the Money girls. I live in Melbourne
• 31:48
  Speaker 5: and I've very much enjoyed things going back to what
• 31:50
  Speaker 5: feels like a new normal when we're in lockdown. I
• 31:52
  Speaker 5: found that I unexpectedly managed to save a lot of money.
• 31:55
  Speaker 5: I moved back home with my parents and kept my job,
• 31:57
  Speaker 5: but with a pay cup. WA's trouble me now, though
• 32:00
  Speaker 5: I'm spending money, is making me feel quite guilty. I
• 32:04
  Speaker 5: know it's silly, but I feel like things that go
• 32:06
  Speaker 5: the other way and I could lose my job and
• 32:07
  Speaker 5: then be in trouble. I'm hoping you too, can help
• 32:10
  Speaker 5: me find a way to not expect the worst so
• 32:11
  Speaker 5: that I can enjoy my money and our relatively new freedom.
• 32:16
  Speaker 2: Okay, b this is an interesting one today, and what
• 32:19
  Speaker 2: I feel like is probably quite relatable to a few
• 32:22
  Speaker 2: of our listeners who are finding it quite hard to
• 32:24
  Speaker 2: spend after the year that we've had.
• 32:26
  Speaker 3: I think there's a lot of anxiety just floating around
• 32:29
  Speaker 3: about money in general and spending in general, and you know,
• 32:32
  Speaker 3: doing things that we haven't done for a while, like
• 32:34
  Speaker 3: you might have been really good at just like kind
• 32:37
  Speaker 3: of dropping forty bucks every couple of weeks and getting
• 32:39
  Speaker 3: in oils done, but now you feel a little bit
• 32:41
  Speaker 3: anxious about it because you're more aware of it. And
• 32:44
  Speaker 3: I think it's just about you know, understanding your budget.
• 32:47
  Speaker 3: To be honest, I'm always going to come back to
• 32:49
  Speaker 3: budget in cash flow, it is who I am as
• 32:51
  Speaker 3: a person. I'm so sorry about that, but literally, you
• 32:55
  Speaker 3: are going to feel less guilty once you know it's
• 32:57
  Speaker 3: in your budget. You shouldn't ever feel guilty about spending
• 33:01
  Speaker 3: if you go through and create a budget, understand your
• 33:04
  Speaker 3: cash flow system, understand what is going on. I feel
• 33:07
  Speaker 3: like that alleviates a lot of the stress and the
• 33:09
  Speaker 3: guilt because you know you're contributing to your future. Because
• 33:14
  Speaker 3: if you've got a good budget and you've got a
• 33:15
  Speaker 3: good cash flow system, you know that you are putting
• 33:18
  Speaker 3: money into savings and you know maybe you're investing or
• 33:20
  Speaker 3: maybe you're working towards a goal. So when you do
• 33:23
  Speaker 3: spend money, there's no guilt associated because you already know
• 33:26
  Speaker 3: the big stuff and your big goals are being looked after.
• 33:29
  Speaker 3: And I think that's a really big part of what
• 33:31
  Speaker 3: we do here at She's on the Money. It's about
• 33:33
  Speaker 3: not stopping you feeling guilty about spending, but just teaching
• 33:37
  Speaker 3: you that there are different ways to understand your cash
• 33:41
  Speaker 3: flow and understand your budget and how empowering that can be.
• 33:44
  Speaker 3: I'm not going to say what's forty dollars, but essentially
• 33:47
  Speaker 3: what's forty dollars when you know that that was already
• 33:50
  Speaker 3: in your budget and allocated for you to spend, so
• 33:53
  Speaker 3: there's no guilt around it. And often we feel really
• 33:56
  Speaker 3: guilty because there's animosity. We feel like, oh, I shouldn't
• 34:01
  Speaker 3: spend that, but you don't know what you were meant
• 34:03
  Speaker 3: to do with it. Otherwise, Yeah, you feel guilty, you know,
• 34:06
  Speaker 3: tapping your God you're like, oh, I shouldn't be doing this,
• 34:09
  Speaker 3: but you feel guilty because you don't know what.
• 34:11
  Speaker 1: You should be doing because there's no real plan in pl.
• 34:14
  Speaker 3: Yeah, there's no plan in place, there's not something going
• 34:16
  Speaker 3: on in the background that makes you feel really empowered
• 34:19
  Speaker 3: and secure. So for me, it's about, you know, get
• 34:22
  Speaker 3: your budget down on paper. I don't care if you
• 34:24
  Speaker 3: jor it on a napkin or you're doing my budget
• 34:26
  Speaker 3: and Cashley mask class Like arguably you would expect that
• 34:28
  Speaker 3: the budget Cashley musk class probably a lot more powerful.
• 34:32
  Speaker 3: But you know what budgeting is budgeting, You start wherever
• 34:34
  Speaker 3: you need to. You're going to feel a whole heap
• 34:37
  Speaker 3: better once you understand what's coming into your bank account
• 34:39
  Speaker 3: each and every single week, what has to go out,
• 34:42
  Speaker 3: and what you can spend without feeling bad.
• 34:44
  Speaker 2: Bloody good advice from you, Vikidi, Thank you, Georgia King.
• 34:48
  Speaker 2: I just wanted to make a little comment on how
• 34:51
  Speaker 2: crazy it is how much you save when you still
• 34:53
  Speaker 2: live at home, Like that is such an immense privilege,
• 34:55
  Speaker 2: one that I enjoyed this year, but when you live
• 34:59
  Speaker 2: out of home, that life becomes so much more expensive.
• 35:01
  Speaker 2: Like she said that she took a pay cut and
• 35:03
  Speaker 2: has saved, which is you know, no rent, no bills,
• 35:07
  Speaker 2: no petro.
• 35:08
  Speaker 3: That can be a little bit of a kickup I'm
• 35:10
  Speaker 3: going to twist that, sorry, that that can be a
• 35:11
  Speaker 3: little bit of a kickup the butt to anybody who
• 35:14
  Speaker 3: is living at home and potentially still living paycheck to
• 35:17
  Speaker 3: paycheck and they're not having to pay you know, home
• 35:19
  Speaker 3: bills or rent, start putting future you first start putting
• 35:24
  Speaker 3: money away, because my friends, you will not have that
• 35:27
  Speaker 3: privilege again. And I know there are a lot of
• 35:29
  Speaker 3: you listening me included, who wish that when they did
• 35:32
  Speaker 3: live at home they'd kind of made more of the opportunity,
• 35:35
  Speaker 3: because I feel like lots of my friends are like,
• 35:37
  Speaker 3: oh my gosh, when I used to live at home,
• 35:39
  Speaker 3: I used to spend so much going out I should
• 35:42
  Speaker 3: have been saving. This is your kickup the bottom. Yeah,
• 35:45
  Speaker 3: for you to go and start saving and start putting
• 35:47
  Speaker 3: together a plan. Just because you don't have that expense
• 35:50
  Speaker 3: doesn't mean you shouldn't be putting money to the side.
• 35:52
  Speaker 1: Yeah.
• 35:53
  Speaker 2: Well, it's like a disposable income essentially that you have.
• 35:55
  Speaker 2: But that word is flawed, like disposable.
• 35:57
  Speaker 3: No, it's not fungible. Fungible that's never going to take off.
• 36:02
  Speaker 3: We sure, we'll try start.
• 36:03
  Speaker 2: To it, but no, I think that is really good advice.
• 36:06
  Speaker 2: So hopefully that helped you.
• 36:07
  Speaker 1: A listener question asker ha.
• 36:13
  Speaker 4: Hi, I'm the twenty four year old supportive partner and
• 36:15
  Speaker 4: this is my money diary. Last year, my partner left
• 36:21
  Speaker 4: their job. At the time, it was just due to
• 36:23
  Speaker 4: workplace bullying and stuff, so he left at the time.
• 36:26
  Speaker 4: I was also very busy with work because I was
• 36:29
  Speaker 4: financially supporting the both of us, so I didn't necessarily
• 36:31
  Speaker 4: notice what was going on. He developed a gambling problem
• 36:35
  Speaker 4: and spent nearly thirty thousand dollars of our savings before
• 36:38
  Speaker 4: I noticed. It was really tough, but we ended up
• 36:41
  Speaker 4: getting through it. It's not something that people really teach
• 36:43
  Speaker 4: you how to deal with. Or what to do when
• 36:46
  Speaker 4: that kind of happened. So it was very much winging
• 36:48
  Speaker 4: it on my end. We went to like, cow, I'm
• 36:51
  Speaker 4: selling to be like why are you doing this? Why
• 36:53
  Speaker 4: do you feel like you need to do this? And
• 36:55
  Speaker 4: then it got to a point where they suggested that
• 36:58
  Speaker 4: he doesn't have any control over his money until he
• 37:00
  Speaker 4: feels like he can make good decisions without doing any gambling. Really,
• 37:05
  Speaker 4: so balancing being angry and supportive at the same time
• 37:08
  Speaker 4: is extremely up and I would definitely not recommend it
• 37:12
  Speaker 4: if you ever get the choice. At first, it was
• 37:14
  Speaker 4: just a lot of hurt just processing that kind of
• 37:16
  Speaker 4: information because his money problems are my money problems. At
• 37:19
  Speaker 4: the end of the day, we're going to be building
• 37:21
  Speaker 4: a life together, so it would it would come up
• 37:23
  Speaker 4: at some point. The way I dealt with it first
• 37:26
  Speaker 4: just got rid of my anger kind of planet go,
• 37:28
  Speaker 4: and then it turned into a support of Okay, what
• 37:30
  Speaker 4: are we going to do here? It was very similar
• 37:32
  Speaker 4: to like making an action plan at work type things,
• 37:35
  Speaker 4: so on to seek counselor each week we'll talk it through.
• 37:38
  Speaker 4: Would put money aside and then slowly let him back
• 37:41
  Speaker 4: have access to his money and feel comfortable spending without
• 37:45
  Speaker 4: the need to go gamble.
• 37:46
  Speaker 2: What does our twenty four year old supportive partner do
• 37:49
  Speaker 2: for work.
• 37:50
  Speaker 4: I'm a marketing supervisor and I also study a Bachelor
• 37:53
  Speaker 4: of Arts Bachelor of Commerce as well.
• 37:55
  Speaker 2: How much does she earn and how much is in
• 37:57
  Speaker 2: her bank account right now?
• 37:58
  Speaker 4: I currently earn sixty seven thousand a year, but I
• 38:02
  Speaker 4: work on like a commission bonus structure, so some months
• 38:04
  Speaker 4: I could get like an extra two thousand dollars or
• 38:07
  Speaker 4: an extra five thousand dollars, so it really does very
• 38:09
  Speaker 4: And currently I've got ten thousand dollars in my personal
• 38:12
  Speaker 4: account and sixty five thousand dollars in a joint savings
• 38:16
  Speaker 4: in two thousand in an emergency fund.
• 38:17
  Speaker 1: And what happens to that money once it hits her account?
• 38:20
  Speaker 4: So first thing that happens, I've got a direct DEEV
• 38:22
  Speaker 4: into spaceship every week, so around ten to twenty dollars
• 38:25
  Speaker 4: goes into that, seven hundred and fifty dollars goes towards
• 38:29
  Speaker 4: our joint account for our house, two hundred dollars towards
• 38:31
  Speaker 4: my personal bills, one hundred dollars towards our joint bills,
• 38:35
  Speaker 4: and then one hundred dollars into a joint spending for
• 38:37
  Speaker 4: like birthday, Christmas, weddings, like just a general fund of
• 38:41
  Speaker 4: everything that happens throughout the year, and then two hundred
• 38:43
  Speaker 4: dollars for me to spend throughout the week and the
• 38:45
  Speaker 4: rest goes into personal savings.
• 38:46
  Speaker 2: What I have thoughts on investing and does she invest
• 38:49
  Speaker 2: in herself?
• 38:50
  Speaker 4: So I think investing is very I think it's something
• 38:52
  Speaker 4: that everybody should be doing where obviously feasible. I do invest,
• 38:56
  Speaker 4: but not very much. I've currently got four hundred dollars
• 38:59
  Speaker 4: sitting in my ship account. I want to get that
• 39:02
  Speaker 4: a lot higher, and I want to do the bigger shares,
• 39:05
  Speaker 4: like into big companies and be on the stock market.
• 39:09
  Speaker 4: I just want to have a bit more saved up
• 39:10
  Speaker 4: so I can go into it with a larger amount
• 39:12
  Speaker 4: rather than just a few hundred dollars.
• 39:13
  Speaker 1: What debts does she have?
• 39:15
  Speaker 4: So the early debt I have is my hex stet.
• 39:16
  Speaker 4: It's sitting at around twenty five thousand dollars. I've only
• 39:19
  Speaker 4: got two semesters of university to go, so it shouldn't
• 39:21
  Speaker 4: go up too much. But I'm also not fussed. It's
• 39:24
  Speaker 4: a good debt, so it'll just get taken out of
• 39:27
  Speaker 4: my page week for probably the rest of my life.
• 39:29
  Speaker 1: What her best money habits.
• 39:31
  Speaker 4: So my best money habits. Something I'm really proud of
• 39:33
  Speaker 4: is I'm really good at getting a bargain. Whenever I
• 39:36
  Speaker 4: buy absolutely anything, I make sure I look on every
• 39:39
  Speaker 4: possible website for a discount code. I sign up to
• 39:42
  Speaker 4: all these loyalty programs, which I know Victorial's Day, I've
• 39:44
  Speaker 4: subscribed from all of them. But what I do is
• 39:47
  Speaker 4: I have a mailbox where I just have all of
• 39:50
  Speaker 4: my spare emails go to. I never look at it
• 39:52
  Speaker 4: except for when I want to buy something and then
• 39:54
  Speaker 4: look up the store and then I see there's any
• 39:55
  Speaker 4: discount codes.
• 39:56
  Speaker 2: And what are her worst money habits?
• 39:58
  Speaker 4: I probably have two worst money habits. So the first
• 40:01
  Speaker 4: one would be food. I really really tried a meal plan,
• 40:05
  Speaker 4: but it just absolutely fails. With my job, I'm very
• 40:08
  Speaker 4: busy and I don't normally have times to take a
• 40:10
  Speaker 4: proper lunch branks, I don't have time to go downstairs
• 40:12
  Speaker 4: and eat up my lunch. So like a food van
• 40:14
  Speaker 4: comes or over EA's, I'm very easily convinced. The second
• 40:18
  Speaker 4: thing is I'm very lazy when it comes to comparing insurances,
• 40:21
  Speaker 4: and especially after listening to the podcast a while ago
• 40:23
  Speaker 4: about brand loyalty, I felt very attacked. But it's something
• 40:26
  Speaker 4: that I need to do. I just think when I'm
• 40:29
  Speaker 4: with a company, I'm with a company, So it's something
• 40:31
  Speaker 4: I need to look into a bit more.
• 40:32
  Speaker 1: What is her big money goal?
• 40:34
  Speaker 4: So our big money goal is to obviously save up
• 40:37
  Speaker 4: for a house, get as much income into that as
• 40:40
  Speaker 4: we really can, but also to recover from some of
• 40:43
  Speaker 4: the financial debts that we had for the last few
• 40:45
  Speaker 4: years in gambling, potentially save all of that money back
• 40:49
  Speaker 4: that he did lose, and just try to move on
• 40:51
  Speaker 4: from there. When I was younger, I did all of
• 40:53
  Speaker 4: my travels I've done like US, Europe, Philippines, so I've
• 40:56
  Speaker 4: kind of passed that phase of traveling and I just
• 40:59
  Speaker 4: want to focus on buying house. I'm starting to settle
• 41:01
  Speaker 4: down a little bit.
• 41:01
  Speaker 1: What grade would she give her money habits?
• 41:04
  Speaker 4: I would give myself a B plus. Previously it would
• 41:07
  Speaker 4: have been a BEE that I started investing, so I'm
• 41:10
  Speaker 4: quite happy with that. I would increase it to an
• 41:12
  Speaker 4: A if I changed my insurances and got a bit
• 41:16
  Speaker 4: more on top of that.
• 41:18
  Speaker 2: What advice would you give to her past self or
• 41:20
  Speaker 2: to others in a similar situation.
• 41:22
  Speaker 4: The advice that I'd give to others or myself two
• 41:25
  Speaker 4: years ago is just have a look at these kind
• 41:27
  Speaker 4: of habits earlier. In my situation. It started with, oh,
• 41:30
  Speaker 4: just a few bets online for Grand Final Day, a
• 41:33
  Speaker 4: few events for Melbourne Cup Day. And it was something
• 41:36
  Speaker 4: I wasn't phased about because it's so general in our culture,
• 41:39
  Speaker 4: and really it shouldn't because you're just wasting money at
• 41:42
  Speaker 4: very bad odds. You're much better putting it into investing
• 41:45
  Speaker 4: or virtually anything else. So it started off something really small,
• 41:49
  Speaker 4: and then because I was so preoccupied in my own
• 41:52
  Speaker 4: work and try and hip bonuses to cover both of
• 41:54
  Speaker 4: our incomes, it was something that I didn't really notice. Again,
• 41:57
  Speaker 4: the most important thing that I wish I knew back
• 41:59
  Speaker 4: then is to look out for the small signs. So
• 42:02
  Speaker 4: those gamblings, they're going to casinos and stuff like that.
• 42:05
  Speaker 4: Even though it's small, it can very easily develop into
• 42:08
  Speaker 4: something a lot bigger if pared with something like depression
• 42:10
  Speaker 4: or anxiety.
• 42:12
  Speaker 2: All right, Victoria, I have finished highlighting my many notes,
• 42:16
  Speaker 2: so you're ready.
• 42:17
  Speaker 3: I love this.
• 42:18
  Speaker 2: I am ready kick us off with your thoughts on
• 42:22
  Speaker 2: this quite emotional, quite interesting or unique.
• 42:26
  Speaker 3: This hurt me at the same time as made me
• 42:30
  Speaker 3: incredibly proud. So many people's relationships would have fallen apart
• 42:35
  Speaker 3: had they found out that their partner was hiding something
• 42:38
  Speaker 3: like that and going through a situation like that that
• 42:41
  Speaker 3: clearly financially impacted them so severely. I don't know what
• 42:46
  Speaker 3: I'd do if I was in a situation like that,
• 42:48
  Speaker 3: and I really hope that I would have the grace
• 42:50
  Speaker 3: that this money diarist had to deal with that. Before
• 42:53
  Speaker 3: we even know jump into the semantics of the conversation,
• 42:57
  Speaker 3: how special is she as a human know, all right,
• 43:00
  Speaker 3: I'm going to get some help, I'm going to re counseling.
• 43:02
  Speaker 3: We're going to get through this together. She fully understood
• 43:05
  Speaker 3: that there was underlying issues there, whereas often people don't
• 43:09
  Speaker 3: give that situation any further thought. And you know what,
• 43:12
  Speaker 3: that's epic because that wouldn't have been easy to do.
• 43:15
  Speaker 3: And I think she kind of glossed over the fact
• 43:17
  Speaker 3: that she went through all of that and it sounded
• 43:21
  Speaker 3: a lot easier than I know what would have been.
• 43:23
  Speaker 3: So your epic. I love that, and I love that
• 43:25
  Speaker 3: your relationship was strong enough to go through that and
• 43:28
  Speaker 3: that you, as a human were smart enough to know
• 43:31
  Speaker 3: that you do need help and you do need to
• 43:32
  Speaker 3: reach out to other people. Something like that is obviously
• 43:35
  Speaker 3: going to set you back. I thought it was really
• 43:37
  Speaker 3: great that she did have such clarity on her budget
• 43:40
  Speaker 3: and cash flow and obviously was going through such a
• 43:42
  Speaker 3: challenging period of time. But that didn't financially cripple them.
• 43:48
  Speaker 3: I mean it set them back for sure, like losing
• 43:50
  Speaker 3: thirty thousand dollars is a lot of money to have lost,
• 43:54
  Speaker 3: but they clearly aren't in mass amount of consumer debt
• 43:57
  Speaker 3: because of it. It's not like he was putting all
• 43:59
  Speaker 3: of that spending on credit card. And I think that
• 44:01
  Speaker 3: that's a lucky outcome of a gambling addiction, because it
• 44:05
  Speaker 3: is secret, it is something that people feel really ashamed of,
• 44:09
  Speaker 3: and it is something that is really hard to deal with.
• 44:12
  Speaker 2: So two questions for you here, V. I might ask
• 44:16
  Speaker 2: you first what your thoughts on gambling are in general.
• 44:20
  Speaker 2: I think I know what you're gonna say, but let's
• 44:22
  Speaker 2: make it clear for anyone who loves a bit.
• 44:24
  Speaker 3: So, I don't like gambling at all. It's addictive. Studies
• 44:30
  Speaker 3: have shown that the release of dopamine that happens during
• 44:33
  Speaker 3: gambling occurs in the brain area similar to those activated
• 44:37
  Speaker 3: by taking drugs of abuse. Like that's crazy. At the
• 44:40
  Speaker 3: end of the day, it's literally an addiction, and these
• 44:43
  Speaker 3: rewards pathways are similar to those seen in individuals suffering
• 44:47
  Speaker 3: from drug addiction who are becoming hyper sensitive. It just
• 44:51
  Speaker 3: gets worse, and that's why you need help. This isn't
• 44:53
  Speaker 3: something where people are just spending money and they can
• 44:57
  Speaker 3: just stop. It's a genuine addiction and it needs to
• 45:00
  Speaker 3: be treated as such, and it's something that it's really challenging.
• 45:03
  Speaker 3: It ruins families, it ruins relationships, it breaks people up,
• 45:08
  Speaker 3: it ruins friendships. You might see it as really nonconsequential
• 45:11
  Speaker 3: when you just go to the casino with a couple
• 45:14
  Speaker 3: of friends on a Friday night, play a couple of
• 45:15
  Speaker 3: games of blackjack, go home, lost some money, al right,
• 45:18
  Speaker 3: or it's only twenty bucks, Like that's fine, you're paying
• 45:20
  Speaker 3: for that fun. But I think we really need to
• 45:23
  Speaker 3: understand that for some other people that don't, but mean
• 45:26
  Speaker 3: hit means so much more. And that's where addiction comes
• 45:29
  Speaker 3: into play, and it's where we need to start understanding
• 45:32
  Speaker 3: that these things work differently for other people. To me,
• 45:35
  Speaker 3: I don't like it. I don't like it at all.
• 45:37
  Speaker 3: I'm obviously very opinionated when it comes to this, but
• 45:40
  Speaker 3: I'm in a very special position where I speak to
• 45:43
  Speaker 3: lots of people going through these things and help them
• 45:45
  Speaker 3: seek help. And you know, it's very secretive. I've got
• 45:49
  Speaker 3: girlfriends whose partners have gone through this, and they are secretive.
• 45:53
  Speaker 3: And it's these situations that I wouldn't wish anybody to
• 45:57
  Speaker 3: be on because it puts unnecessary pressure on every aspect
• 46:01
  Speaker 3: of their relationship. And you know, to me, it's a
• 46:04
  Speaker 3: really bad thing.
• 46:05
  Speaker 1: Oh for sure.
• 46:06
  Speaker 2: And it's also it's so hard to avoid the gambling ads.
• 46:10
  Speaker 2: Like you watch a game of footy, it is just
• 46:12
  Speaker 2: riddled with the latest odds and they package it in
• 46:15
  Speaker 2: the most glamorous, blow key way, and it is honestly repulsive.
• 46:19
  Speaker 2: I'm not a fan either. It's like such a big problem. Actually,
• 46:24
  Speaker 2: this is a side note. I for UNI was doing
• 46:27
  Speaker 2: an assignment on teenage drinking and I spoke to Paul Dylan,
• 46:31
  Speaker 2: who a lot of you probably would recognize his name.
• 46:33
  Speaker 2: He's a dragon alcohol specialist. He came and spoke in
• 46:37
  Speaker 2: my high school legend and he said the biggest problem
• 46:41
  Speaker 2: facing these kids today. Beyond consent issues around consent is gambling.
• 46:47
  Speaker 2: So it is terrifying. It's something that there needs to
• 46:49
  Speaker 2: be much tighter regulation around. I don't know how they're
• 46:52
  Speaker 2: getting away with what they're doing right now, but.
• 46:55
  Speaker 3: Yeah, oh it's such a crazy space. And I think
• 46:58
  Speaker 3: that there's a lot of people in our community that
• 47:00
  Speaker 3: will have been impacted by this, whether it is yourself,
• 47:04
  Speaker 3: because it's not just a male dominated thing. Women gamble,
• 47:08
  Speaker 3: women do this. It's obviously more of a male centric
• 47:12
  Speaker 3: space in that related to sport, like we don't want
• 47:16
  Speaker 3: to you know, gender stereotime, but bands of the day,
• 47:19
  Speaker 3: and it is very male dominated because you know, I'm
• 47:22
  Speaker 3: not going to get around the football in the same
• 47:24
  Speaker 3: way because I just genuinely don't have the interest and
• 47:27
  Speaker 3: betting on that, betting on the horses. I feel like
• 47:30
  Speaker 3: it's such a male thing. Women aren't immune too. It
• 47:33
  Speaker 3: happens all the time, we just often do it in
• 47:35
  Speaker 3: different ways. So yeah, like your brain can get addicted
• 47:38
  Speaker 3: to gambling, but it impacts our listeners that might impact
• 47:41
  Speaker 3: their partners. You know, you could have grown up in
• 47:43
  Speaker 3: a family that experienced financial distress because your family member
• 47:48
  Speaker 3: or a parent was a gambler, like it is, it's
• 47:51
  Speaker 3: a form of abuse if you are in that situation.
• 47:54
  Speaker 3: And I just think that, you know, that is a
• 47:56
  Speaker 3: part of a lot of our listeners' money stories, and
• 47:58
  Speaker 3: it's something that they need to go through. And I
• 48:00
  Speaker 3: think that we should be talking about these topics more
• 48:02
  Speaker 3: and more because it is addictive and it is detrimental,
• 48:06
  Speaker 3: and gambling is such an interesting psychological phenomenon, I think
• 48:11
  Speaker 3: in that there's been so much research on it and
• 48:15
  Speaker 3: research on how the psychological processes affect gambling behavior, and
• 48:20
  Speaker 3: it's just, yeah, it's it's really interesting, and I think that,
• 48:24
  Speaker 3: you know, maybe we'll do an entire episode on it.
• 48:26
  Speaker 1: It's really interesting.
• 48:27
  Speaker 2: We will post some helplines and websites and phone numbers
• 48:32
  Speaker 2: in the show bio today as well. Guys, if this
• 48:35
  Speaker 2: is something you struggle with, just to celebrate a few
• 48:37
  Speaker 2: of the great things about this money.
• 48:39
  Speaker 3: Yeah, dichologies, it's kind of it was a tig, and
• 48:41
  Speaker 3: I think that it's really important to kind of like
• 48:44
  Speaker 3: really emphasize that this is a massive issue, and we'll
• 48:47
  Speaker 3: talk about it on an episode at some point.
• 48:49
  Speaker 2: Yeah, was there anything else you wanted to say about
• 48:51
  Speaker 2: the lovely twenty four year old supportive partner. She's obviously
• 48:54
  Speaker 2: great at finances.
• 48:55
  Speaker 3: She's got she's great at finances, she's got a whole
• 48:58
  Speaker 3: heap of savings. She's really great. And yeah, I think
• 49:02
  Speaker 3: that if she just gets more on top of her
• 49:04
  Speaker 3: budgeting and cash flow, they could absolutely be back where
• 49:07
  Speaker 3: they begun. I think it's genuinely about them as a couple,
• 49:10
  Speaker 3: addressing the underlying issues about why gambling became an issue
• 49:14
  Speaker 3: in the first place, so that they don't find themselves
• 49:16
  Speaker 3: in that sticky situation again.
• 49:17
  Speaker 2: Yeap, and with the counseling, they'll be absolutely fine. So
• 49:21
  Speaker 2: thank you so much for sharing your story today our
• 49:24
  Speaker 2: twenty four year old supportive partner.
• 49:25
  Speaker 3: What a special story to her.
• 49:27
  Speaker 2: I know shared with that last one for the year,
• 49:29
  Speaker 2: I feel like that's a very important one to round
• 49:32
  Speaker 2: out the year. Thank you friends, Hunter rupt the show
• 49:35
  Speaker 2: if he did before we wrap the show, We'd like
• 49:37
  Speaker 2: to acknowledge and pay respects to Australia's Aboriginal and Torres
• 49:40
  Speaker 2: Strait islander peoples, the traditional custodians of the lands, the
• 49:43
  Speaker 2: waterways and the skies all across Australia. We thank you
• 49:47
  Speaker 2: for sharing and for caring for the land on which
• 49:48
  Speaker 2: we are able to learn. We pay our respects to
• 49:51
  Speaker 2: elders past and present, and we share our friendship and
• 49:53
  Speaker 2: also our kindness. The advice shared on she is on
• 49:56
  Speaker 2: the Money is general in nature and does not consider
• 49:59
  Speaker 2: your individual so cumstances. She is on the Money exists
• 50:02
  Speaker 2: purely for educational purposes and should not be relied upon
• 50:05
  Speaker 2: to make an investment or a financial decision. And we
• 50:08
  Speaker 2: promise Victoria Divine is an authorized representative of Australia Pacific
• 50:12
  Speaker 2: Funds Management Proprietly Limited ABN three four one three two
• 50:16
  Speaker 2: four six three two five seven AFSL three three nine
• 50:19
  Speaker 2: one five one.
• 50:20
  Speaker 1: That was my worst for the year.
• 50:21
  Speaker 3: That was the worst. But that is okats all right.
• 50:25
  Speaker 1: And a big thank you to Ryan and Beck our producer.
• 50:29
  Speaker 2: Angels, I'll say, Angels, that's what's written down for putting
• 50:34
  Speaker 2: it all together, making it you know, endurable.
• 50:36
  Speaker 3: Oh my god, yes, and like so excited to come
• 50:39
  Speaker 3: back in twenty twenty one.
• 50:40
  Speaker 1: Do you know why talk to me?
• 50:41
  Speaker 3: Because Ryan John has been named as a morning radio
• 50:46
  Speaker 3: host officially for twenty twenty one on Kiss FM, which
• 50:49
  Speaker 3: obviously we're really proud of. He got the gig of
• 50:52
  Speaker 3: summer breakfast radio host and he got promoted. He got
• 50:55
  Speaker 3: promoted and got to stay on. He must have done
• 50:57
  Speaker 3: a good job. What a likable fellow, hate akulable human being.
• 51:01
  Speaker 3: Furthering that, guess what, he's coming back in twenty twenty
• 51:05
  Speaker 3: one married. Oh yeah, yeah, we're aware.
• 51:09
  Speaker 1: There's not many days.
• 51:10
  Speaker 3: I meant it would have happened by the time that
• 51:12
  Speaker 3: this podcast goes live. I'm not going to share anymore,
• 51:15
  Speaker 3: but I'm so excited. God, we meant to share that.
• 51:18
  Speaker 3: Who cares we're sharing that. No, we're not going to
• 51:21
  Speaker 3: cut that out. Ryan's getting married and we are so excited.
• 51:23
  Speaker 3: But you know what, we're also excited about. What if
• 51:25
  Speaker 3: you're excited about our Facebook group where our community shares money,
• 51:29
  Speaker 3: tips and tricks literally every single day, free of judgment.
• 51:32
  Speaker 3: Got new mods in there, so nothing is going to
• 51:34
  Speaker 3: go missing my friends anymore. So She's on the money
• 51:37
  Speaker 3: on Facebook and join us if Facebook's not you think,
• 51:40
  Speaker 3: We're literally on every single social media platform, and so
• 51:43
  Speaker 3: is Lucy the office Dog. You can mind her at
• 51:47
  Speaker 3: Lucy the Golden Sheeper Doodle on instagramt you won't regret
• 51:50
  Speaker 2: That, guys, Happy New Year, My love Ye, Merry Christmas,
• 51:55
  Speaker 2: New Year, Bye,