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FRIDAY DRINKS: The Federal Budget 22/23 · She's On The Money

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Speaker 1: Just before we get started, we'd like to acknowledge and
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Speaker 1: pay respect to Australia's Aboriginal and torrest Rate islander people's.
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Speaker 1: They're the traditional custodians of the lands, the waterways and
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Speaker 1: the skies all across Australia. We thank you for sharing
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Speaker 1: and for caring for the land on which we are
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Speaker 1: able to learn. We pay respects to elders past and present,
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Speaker 1: and we share our friendship and our kindness.
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Speaker 2: She's on the Money, She's on the Money.
0:45
Speaker 1: Hello, and welcome to She's on the Money, the podcast
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Speaker 1: for millennials who want financial freedom. This is our Friday
0:52
Speaker 1: Drinks episode where we celebrate the money wins from the
0:55
Speaker 1: She's on the Money community. As you guys know, it
0:58
Speaker 1: is the time of the week where George, Jess and
1:01
Speaker 1: I we sit down with a bevy. We've all got
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Speaker 1: some form of cola this week. None are equal. Jess
1:07
Speaker 1: has what you've got a vanilla coke, not a pepsi,
1:10
Speaker 1: not a pepsi just that I've got the pepsi, but
1:12
Speaker 1: it's a Pepsi max. So it got quickly dismissed by
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Speaker 1: Jess as an option. And Georgia, as always has the
1:18
Speaker 1: little hippie option of a Cola's.
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Speaker 2: Delicious Guys tastes.
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Speaker 1: Just like hope trying. No thank you, sir, But we
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Speaker 1: are here this week because we know that every single
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Speaker 1: week there are epic money wins and confessions shared in
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Speaker 1: our Facebook group, and our community do some epic things
1:38
Speaker 1: as well as the fact that the budget happened to
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Speaker 1: this week and I really really really want to talk
1:42
Speaker 1: about it, but this week we are talking about the
1:44
Speaker 1: She's on the Money community, what they got up to,
1:46
Speaker 1: how it worked, and if you missed the Monday and
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Speaker 1: the Wednesday episodes, Jess and George they recap them for
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Speaker 1: you here. So let's jump straight in, Miss Jess Garci.
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Speaker 1: As always, what happened on this week's money Diary.
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Speaker 3: So t Speak's diarist was just living her best life,
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Speaker 3: really her work life balance, doing all different things. She's studying,
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Speaker 3: she's working, she's a gardener, she's a sex worker. She
2:09
Speaker 3: just had all of the variety, which I personally think
2:12
Speaker 3: is the way to go. Spice of life a thousand percent,
2:15
Speaker 3: and her life was indeed spicy. So she chatted to
2:18
Speaker 3: us a little bit about how COVID really impacted her
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Speaker 3: income because obviously both gardening and sex work are roles
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Speaker 3: that require face to face contact that was not an
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Speaker 3: option during COVID No, so she lost pretty much all
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Speaker 3: of her income, which would have been so so stressful,
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Speaker 3: and she's really still working on pulling herself back out
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Speaker 3: of that rebudgeting. And she just spoke to us a
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Speaker 3: little bit about how she didn't have the clarity that
2:41
Speaker 3: she needed, and we had a really good conversation around
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Speaker 3: financial advice and when to get it and when to not,
2:46
Speaker 3: and what resources are out there so you can figure
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Speaker 3: things out by yourself. And ultimately she said she just
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Speaker 3: needed a little bit of clarity, which I think a
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Speaker 3: lot of people do, And it was just a really
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Speaker 3: good down to earth I think diary that a lot
2:57
Speaker 3: of us have probably been in that space before.
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Speaker 1: Yeah. I really liked her. I wanted to be friends,
3:01
Speaker 1: But I don't think that there's been an episode of
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Speaker 1: Money Diaries where I haven't wanted to be friends with
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Speaker 1: the DIARISTYFULI we've recorded, Yeah, like, we just haven't met
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Speaker 1: you all yet. So moving on, Georgia g King on
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Speaker 1: tour as your Instagram handle names you, what happened on
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Speaker 1: the Wednesday Wednesday EP?
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Speaker 2: Ladies, We discussed growth versus dividend investing strategies by it
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Speaker 2: was actually really interesting, was it actually or are you
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Speaker 2: saying that because you're like, ah, I can't tell them
3:28
Speaker 2: glory down to pas.
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Speaker 3: No, it was a good ep. We got some really
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Speaker 3: good feedback as well this day, we folks, Yeah, we did.
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Speaker 3: We're focusing on drilling down in investing at the moment.
3:37
Speaker 3: We're working with our friends at Charesas to bring you
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Speaker 3: a whole investing series, so more in depth, high level
3:43
Speaker 3: investing specific content. We'd love to see it and if
3:46
Speaker 3: there's anything you want to see specifically, let us know
3:48
Speaker 3: because we're planning out that little series as we speak.
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Speaker 1: And just wants you to do all her work for
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Speaker 1: you exactly, all right, So let's dive into it. G
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Speaker 1: King on tour. What have you got from the community
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Speaker 1: that you would like to share with the group.
4:01
Speaker 2: I feel really honored to read out these wins every
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Speaker 2: week and as always, they're starting there amazing, their gorgeous
4:07
Speaker 2: Why are you guys lying in Oscar?
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Speaker 1: I'm just here.
4:13
Speaker 2: I mean, Oscar's are all the rage at the moment.
4:15
Speaker 2: It's the hot topic.
4:17
Speaker 1: I don't believe anyone's been punched in this studio before.
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Speaker 3: Well, not yet.
4:21
Speaker 2: Let's get into the wins of the week. The first
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Speaker 2: one comes from Emily money birthday win. I set the
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Speaker 2: goal a while ago to have all of my debt
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Speaker 2: paid off before I turned twenty four. My birthday was
4:32
Speaker 2: just last week, and I'm very proud to say I
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Speaker 2: am one hundred percent debt free. Yes, Emily, I have
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Speaker 2: closed down all my buy now pay later accounts like
4:40
Speaker 2: after pay and zip pay, paid off all of my
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Speaker 2: student debt, which is very impressive, and all the other
4:45
Speaker 2: debt I've accumulated over my adult life. It's such a
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Speaker 2: refreshing and motivating feeling starting twenty four with so much
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Speaker 2: growth on the horizon.
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Speaker 3: Happy birthday, Emily, That's such a good way to start.
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Speaker 3: You're absolutely right.
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Speaker 1: Oh my gosh. I was having this conversation the other
4:59
Speaker 1: day about words that we use, and I feel like
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Speaker 1: the word liberated is so useful here, Like you would
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Speaker 1: feel liberated once you pay off all your debt. You
5:08
Speaker 1: just feel free to do whatever you want, and that
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Speaker 1: makes me so excited for you. Emily. Congrats and happy birthday.
5:14
Speaker 2: Then next win comes from Michelle Money win. I ended
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Speaker 2: my dog food subscription as they were going to put
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Speaker 2: it up by eighty dollars.
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Speaker 1: Eighty dollars.
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Speaker 2: I decided I'm going to cook it myself, and I'm
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Speaker 2: going to save myself nearly one hundred dollars a month. Yes,
5:27
Speaker 2: I lose the convenience, but I'd rather save the money.
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Speaker 1: I'm glad she's still feeding your dog, not just canceling
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Speaker 1: the subscriptions like I would cancel my Netflix and not.
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Speaker 2: She's doing the right thing. The next win it comes
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Speaker 2: from Emily Money Win. I have a bunch of wild
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Speaker 2: monster in my garden, Ladies. This one's for you.
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Speaker 1: We can liberate those plants.
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Speaker 2: Yes, I propagated them, and now they look amazing in
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Speaker 2: my house. I might start selling them on Facebook, Mark
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Speaker 2: and Play. First customers are sitting in this room, Emily.
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Speaker 1: We aren't customers when it comes to plants, if you've
5:58
Speaker 1: listened to any good cheese on the money. So let's
6:00
Speaker 1: move on though.
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Speaker 2: The next win is a bit of a quirky one,
6:03
Speaker 2: one of my favorites, ladies. It's from Yanna in twenty
6:06
Speaker 2: twenty in the first lockdown, I bought a packet of
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Speaker 2: men's beard dye to dye my brows. It's now twenty
6:12
Speaker 2: twenty two and I've used it at least fifteen to
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Speaker 2: twenty times and I still have about a quarter of
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Speaker 2: the die left. It cost me sixteen dollars for two
6:21
Speaker 2: years of dyeing my own eyebrows. Pre covid, I was
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Speaker 2: paying twenty two dollars per session to get them dyed.
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Speaker 1: Ladies, what do we think I do that myself? Yeah,
6:30
Speaker 1: for men bread, Yeah, I totally do that. And if
6:33
Speaker 1: you want to get even spicier, you can buy the
6:35
Speaker 1: black one and put it on your eyelashes. I mean,
6:37
Speaker 1: they probably don't want you putting it anywhere any eyes,
6:39
Speaker 1: But like for a money, when.
6:41
Speaker 3: I'll do it, the safety directions we're not responsible for.
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Speaker 1: No I do. It's really really good.
6:47
Speaker 3: So that's what you do with your beautiful brows.
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Speaker 1: You can get I meantime disclaim it. I do have
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Speaker 1: tattooed brows, so I am at a bit of an advantage.
6:54
Speaker 1: But I do have to tint the hairs because naturally
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Speaker 1: I am quite light head. So yeah, anyway, very good money.
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Speaker 1: I mean I like that las. I just don't buy
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Speaker 1: the actual female one. Pink tax written all over U
7:06
Speaker 1: is it more expensive? Much more expensive? Way less product wayless.
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Speaker 2: For women's beard die. No, okay, moving on, the next
7:14
Speaker 2: wind comes from color. My MacBook pro died fourteen months
7:17
Speaker 2: after I bought it, and I thought it was out
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Speaker 2: of warranty, took it into the Apple store, and turns
7:21
Speaker 2: out the Australian consumer law warranty was still valid. I
7:24
Speaker 2: saved myself one thousand, five hundred and seventy five dollars
7:27
Speaker 2: in repair costs. I am cheering.
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Speaker 1: I love that, but also, jess, why are you dancing?
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Speaker 3: Because I have been in this exact situation where Apple
7:36
Speaker 3: tried to tell me that my four thousand dollars MacBook
7:39
Speaker 3: after two years, when it just stopped like functioning, They're like, well,
7:42
Speaker 3: it's outside of warranty, and I was like, that is
7:44
Speaker 3: absolutely not a thing. Are you joking? Consumer law friends
7:48
Speaker 3: know it, understand it, and when necessary bring it up.
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Speaker 3: Did you?
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Speaker 2: Oh?
7:52
Speaker 3: Yeah I did, And funnily enough, as soon as I
7:54
Speaker 3: said that, they replaced the laptop. Interesting, yeah, so like know.
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Speaker 1: You're rights because a cowinky did.
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Speaker 3: Stores personal policies are overridden by federal law. Funnily enough,
8:05
Speaker 3: so like know it obviously only invocate when it's applicable,
8:07
Speaker 3: but you are protected when you spend a lot of
8:10
Speaker 3: money on talping, you can expect it to work for
8:12
Speaker 3: a reasonable amount of time.
8:13
Speaker 1: When you're older, Jess and you're like in your secretes, yeah,
8:17
Speaker 1: do you reckon? You're going to change your name.
8:21
Speaker 3: There's a new restaurant in Melbourne called Karen's. I keep seeing.
8:24
Speaker 3: I'm like, is this made for me?
8:26
Speaker 1: Can we go? Apparently? They just are absolutely awful. You
8:31
Speaker 1: walk in and they throw the menus at you and stuff,
8:33
Speaker 1: and I just want slightly intimidate. We should go team outing.
8:38
Speaker 3: Lock it in.
8:39
Speaker 2: All right. The final win here, ladies, is from Nicole
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Speaker 2: Future Money Win. I am predicting Victoria will to a
8:44
Speaker 2: budget pod and that will be a win for us
8:47
Speaker 2: to understand in more detail.
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Speaker 1: Welcome to that budget precisely.
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Speaker 3: That was very strategically picked. Well done it, thanks ladies.
8:55
Speaker 1: She's on the content. All right, Let's go to a
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Speaker 1: quick break and then we'll turn this into a budget pod. Excellent.
9:00
Speaker 3: Alrighty, so we are talking budget because I mean, if
9:04
Speaker 3: anyone knows us, it's like a holiday in our office.
9:07
Speaker 3: The way Victoria wasn't just a holiday.
9:09
Speaker 1: It was an excuse to sit on the couch with
9:11
Speaker 1: not just one but maybe a couple of cheeky glasses
9:14
Speaker 1: of wine, a notebook, and my partner, who was thoroughly
9:17
Speaker 1: confused about why I was so excited about watching essentially
9:21
Speaker 1: a budget.
9:22
Speaker 3: Yeah. So there was a lot covered, obviously, a lot
9:25
Speaker 3: of which.
9:26
Speaker 1: Was just honestly not that interesting.
9:28
Speaker 3: Sorry, sorry, but can you give us It.
9:29
Speaker 1: Can be really bland and really boring. And I think
9:31
Speaker 1: it was really dry Jess, because they aren't podcasters, they're politicians,
9:35
Speaker 1: and they aren't exactly trained, and they don't have peachy
9:38
Speaker 1: branding which makes them interesting so much.
9:40
Speaker 3: I write to the federal government and let them know
9:42
Speaker 3: if they just rebranded impeach, people would probably be way
9:44
Speaker 3: more interested.
9:45
Speaker 4: Yeah.
9:46
Speaker 1: I think that's good. They can't even borrow our title.
9:48
Speaker 1: Instead of She's on the money, it's she's in Parliament. Great?
9:53
Speaker 3: Is that has like a great campaign written all over it.
9:56
Speaker 3: More women in Parliament please.
9:57
Speaker 1: BD for fifty Oh holy do it's a cool Not
10:01
Speaker 1: a chance, Not a chance, my friends, I swear way
10:03
Speaker 1: too much and have too much of a shady history.
10:06
Speaker 2: No.
10:06
Speaker 1: But moving on, This year's budget was particularly interesting, especially
10:11
Speaker 1: for someone like me, because this year is an election year,
10:14
Speaker 1: So this is a year where our current prime minister,
10:16
Speaker 1: who clearly wants to stay prime minister, is making all
10:20
Speaker 1: these promises where he is hoping that you will hang
10:23
Speaker 1: on that and go, all right, well, let's votes go
10:25
Speaker 1: mo again, because that makes me feel really comfortable, and
10:27
Speaker 1: I really like that. But I did feel personally like
10:31
Speaker 1: there were a few missing pieces. So it was really
10:34
Speaker 1: interesting for me personally because if you listen to our
10:37
Speaker 1: budget recap on the federal budget last year, I'm pretty
10:40
Speaker 1: sure I mentioned that I didn't think that there was
10:43
Speaker 1: enough information and allocation of funds towards healthcare, age healthcare
10:48
Speaker 1: and what's going on in the healthcare system right now
10:51
Speaker 1: and the amount of pressure that we know they are
10:53
Speaker 1: still under. There was basically nothing on that, but they
10:56
Speaker 1: were jumping up and down about the first home buyers
10:58
Speaker 1: grants and stuff like that. So I was like, ah,
11:00
Speaker 1: where are your values at? And obviously it's been very
11:03
Speaker 1: driven by making sure that they are getting votes. Another
11:07
Speaker 1: thing to understand about a budget is that's this government's budget.
11:11
Speaker 1: So if they're promising things and changes that are going
11:14
Speaker 1: to be made, and our government changes, that doesn't mean
11:17
Speaker 1: that they have to uphold the promises that were made
11:20
Speaker 1: with the budget. Another government proposed, they can change things,
11:23
Speaker 1: so it's proposed changes. Nothing in the budget that was
11:27
Speaker 1: allocated yesterday, except for the fuel thing, which we'll get
11:30
Speaker 1: to in a hot second, has been set in stone.
11:32
Speaker 1: So it's all like, here's the proposal of the budget,
11:35
Speaker 1: and then they kind of go through a phase of
11:37
Speaker 1: objections and people might jump up and down and be like,
11:40
Speaker 1: oh my gosh, that's awful, please don't do X, y Z,
11:43
Speaker 1: and then they might change their strategy. So it's essentially
11:46
Speaker 1: them sitting down and going, hey, JS, we've done all
11:48
Speaker 1: the work in the background, here's our proposed budget. What
11:51
Speaker 1: do you think?
11:52
Speaker 4: Yeah?
11:52
Speaker 3: Love it. There was obviously a provision and I'm sure
11:54
Speaker 3: you're going to touch on this in a second. A
11:55
Speaker 3: few tax cuts and things like that if we changed government.
12:00
Speaker 3: How likely is it that they would take those away?
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Speaker 1: It depends on how big the tax breaks are. I
12:04
Speaker 1: highly doubt that they would take them away, because there
12:07
Speaker 1: has been some pretty good tax breaks. But let's get
12:10
Speaker 1: to that in a hot second, though, Jess, because I
12:12
Speaker 1: have a few like head topics that I want to
12:14
Speaker 1: talk about and will break down what it looks like
12:17
Speaker 1: under each so you don't feel like you're jumping back
12:19
Speaker 1: and forth from super to tax cuts to what it
12:21
Speaker 1: means for paid parental leaf.
12:22
Speaker 3: Is that all right?
12:23
Speaker 1: Does that make sense?
12:24
Speaker 3: Yeah, let's do it.
12:24
Speaker 1: So the first one, Georgia King, I'm very excited about this,
12:28
Speaker 1: as are you. You are obviously incredibly excited about parental leaf. Yeah.
12:33
Speaker 2: No, well no, I mean, I'm obviously not a parent yet,
12:37
Speaker 2: but over the past two years we've spoken about it
12:39
Speaker 2: a lot, and it's something that's really been lacking. So
12:42
Speaker 2: what are the changes.
12:43
Speaker 1: Oh, I really like this because I feel like the
12:45
Speaker 1: changes aren't just financial now, they are actually just about
12:48
Speaker 1: being a bit more inclusive. So first things first, obviously
12:52
Speaker 1: she's on the money financial changes. The budget this year
12:55
Speaker 1: included three hundred and forty six million dollars to increase
12:59
Speaker 1: the aid parental scheme from eighteen weeks to twenty weeks.
13:03
Speaker 1: So now parents who are taking time off get two
13:06
Speaker 1: extra weeks, and I think that that is a lot
13:08
Speaker 1: of time in the grand scheme of things, and that's
13:10
Speaker 1: a really good step in the right direction. And now, guys,
13:14
Speaker 1: they are combining the paid parental leave scheme with the
13:18
Speaker 1: dad and Partner Pays scheme into one single scheme. Which
13:22
Speaker 1: you might go, what's the point of that, especially because you, guys,
13:25
Speaker 1: you're not parents, so you haven't had to look into this.
13:28
Speaker 1: But instead of the old scheme where it was the
13:30
Speaker 1: primary caregiver gets to take that leave, now both parents
13:35
Speaker 1: can actually choose how they spend that twenty weeks as
13:38
Speaker 1: they see applicable. So, Jesse, if you have a baby,
13:41
Speaker 1: you can just go, my partner's taking this, I'm taking that,
13:44
Speaker 1: or I'm taking at all and my partner's not taking anything.
13:46
Speaker 1: And I just feel like that's so much more inclusive
13:49
Speaker 1: and so much more twenty twenty than you the main
13:52
Speaker 1: primary caregiver, which is from my perspective, incredibly outdated.
13:56
Speaker 3: As is the term twenty twenty, because twenty twenty teh.
13:59
Speaker 4: Sorry, you know what, let's not even change that I
14:02
Speaker 4: am who I am, Guys, much more inclusive, right, just
14:05
Speaker 4: recognizing that, like the family dynamic nowadays is very different
14:09
Speaker 4: from what it was a couple of decades ago, and
14:12
Speaker 4: that the primary caregiver can in fact be not the female.
14:15
Speaker 1: Yeah, which I'm not surprised by, but turns out politicians
14:19
Speaker 1: are a little bit weirded out by it.
14:21
Speaker 3: Better late than ever.
14:22
Speaker 1: Yeah, slowly slowly from little things, big things grow, don't
14:25
Speaker 1: we say that's it?
14:26
Speaker 3: That's it.
14:26
Speaker 2: What's next on the list of me?
14:28
Speaker 1: Let's talk about health because just before I made a
14:30
Speaker 1: comment about how I was disappointed in health, and if
14:33
Speaker 1: you actually watched the budget like I did, you'd be
14:35
Speaker 1: like vie. They did allocate money towards health. I don't
14:39
Speaker 1: believe enough. But they did allocate some really good money
14:42
Speaker 1: towards some really good prevention initiatives. So they allocated a
14:46
Speaker 1: total of five hundred and forty seven million dollars over
14:50
Speaker 1: the next five years, including fifty two million dollars for Lifeline,
14:54
Speaker 1: obviously very important, forty three million dollars towards suicide prevention
14:58
Speaker 1: initiatives read, which I think is incredibly important as well,
15:02
Speaker 1: twenty nine million dollars to increase the number of psychiatric
15:06
Speaker 1: workers in the country, twenty four million dollars for programs
15:11
Speaker 1: about eating disorders, and eighteen million dollars is being targeted
15:15
Speaker 1: at multicultural communities, which I think is really great. That's
15:18
Speaker 1: all of those things are steps in the right direction.
15:21
Speaker 1: But where was aged.
15:22
Speaker 3: Care or anything physical health related. That's all mental health, which.
15:26
Speaker 1: Is and visually health is so great it is so great,
15:28
Speaker 1: But I think it's also really important to talk about
15:31
Speaker 1: the fact that, you know, with just being through COVID,
15:34
Speaker 1: and I think from my perspective, hospitals and nursing stuff,
15:38
Speaker 1: and a lot of our listeners are nursing stuff and
15:40
Speaker 1: they're just not getting the support they deserve, the bonuses
15:43
Speaker 1: they deserve, and they're working over time, and they're absolutely
15:45
Speaker 1: being thrown under a bus at the moment and being
15:48
Speaker 1: expected to lay there happily. Where was the funding for them?
15:52
Speaker 1: Where was the funding for the hospitals to support that?
15:55
Speaker 1: And I just feel like that was such a missing
15:57
Speaker 1: piece from this year's budget.
15:58
Speaker 3: Isn't it interesting as well? Like the pandemic really exposed
16:03
Speaker 3: I think some huge gaps in our preparedness for things
16:07
Speaker 3: like that. I would have thought that they would then
16:09
Speaker 3: allocate to prevent that from happening again. Like there's no
16:12
Speaker 3: money there for research or strategy or any kind of
16:17
Speaker 3: additional resources. So if we, god forbid, get hit by
16:21
Speaker 3: another plague, are we just going to be backing the
16:24
Speaker 3: same spot we were in. Yeah.
16:25
Speaker 1: Look, as much as Jess, I think that they have
16:27
Speaker 1: definitely not allocated enough. They've also allocated some resources to
16:32
Speaker 1: creating an mRNA vaccination here in Australia, which is the
16:36
Speaker 1: first time they've done that, and that's incredibly exciting, but
16:39
Speaker 1: it's only one step. It's not you know, as much
16:42
Speaker 1: as I had hoped they would be allocating. I don't
16:45
Speaker 1: know what they were expecting, and that's why I did
16:47
Speaker 1: feel like that segment was quite lean. They did have
16:50
Speaker 1: some funding in other healthcare areas. So, for example, in
16:53
Speaker 1: women's health they announced last week, not during the budget,
16:57
Speaker 1: but they announced last week an additional fifty eight million
16:59
Speaker 1: dollar for endometriosis support, which is obviously incredibly important. They
17:04
Speaker 1: also allocated forty million dollars to the McGrath Foundation's breast
17:09
Speaker 1: cancer Nurses program. Important, but what about all the other nurses?
17:13
Speaker 1: And I know that that sounds really entitled. I'm so
17:16
Speaker 1: grateful that we have support. So many countries don't have this,
17:19
Speaker 1: but I just feel like that missing piece is like
17:23
Speaker 1: grinding my gears significantly. And then there was an additional
17:27
Speaker 1: one hundred and thirty one million dollars that was allocated
17:30
Speaker 1: to treatments funded through Medicare, So that was stuff like
17:33
Speaker 1: genetic testing for stuff like cystic fibrosis and spinal muscular
17:37
Speaker 1: atrophy and fragile X syndrome, and also MRI diagnosises for
17:41
Speaker 1: liver and breast cancers and myocardtists. So all of that
17:45
Speaker 1: is really good, and I don't want to go into
17:47
Speaker 1: the numbers and break it down because that's not what
17:48
Speaker 1: you guys are here for to be like, oh, one
17:50
Speaker 1: thirty one. Can't believe though, did that? I thought it
17:52
Speaker 1: was going to be one twenty nine, Like, that's not
17:54
Speaker 1: the important thing. I think what we hear learning about
17:57
Speaker 1: is where their priorities are sitting and looking at it
18:00
Speaker 1: and going okay, cool, like they've allocated funding to healthcare. Great,
18:04
Speaker 1: how's that broken up? And I just think it potentially
18:06
Speaker 1: could have been broken up in a different way or
18:09
Speaker 1: found funding from a different location to add to it,
18:13
Speaker 1: because it's not like these areas that have had funding
18:15
Speaker 1: allocated to them aren't deserving of it. They absolutely are.
18:18
Speaker 1: And that's why I feel a bit. I feel like
18:21
Speaker 1: a bit of a dick, same that guys. But at
18:23
Speaker 1: the same time, I'm like, okay, cool, but what about
18:25
Speaker 1: the support for the average nurse, Like in mental health,
18:28
Speaker 1: why wasn't there some kind of mental health care plan
18:30
Speaker 1: put in place for nurses or for healthcare workers. From
18:34
Speaker 1: the past two years, I feel like if we've learned anything,
18:37
Speaker 1: it's that we really need to be looking after our
18:39
Speaker 1: frontline workers. Where was any support for them? So I
18:42
Speaker 1: think that's the thing that's grinding my gears. But let's
18:44
Speaker 1: move away from health because I feel like that clearly
18:47
Speaker 1: is a trigger for me. Guys, what do you want
18:49
Speaker 1: to hear about next?
18:50
Speaker 2: So let's talk petrol prices.
18:53
Speaker 1: Love a good petrol price.
18:54
Speaker 2: We do. Obviously that has gone up significantly this year
18:58
Speaker 2: because of everything happening overseas.
18:59
Speaker 1: Yeah, you would have seen it go down this week.
19:01
Speaker 2: I actually haven't had to fill ups.
19:03
Speaker 3: I haven't noticed.
19:03
Speaker 1: I noticed because I had to drive to work yesterday
19:06
Speaker 1: and I noticed that the prices had decreased because of
19:09
Speaker 1: the day before the budget. I had actually filled up.
19:11
Speaker 1: So I'm a little bit salty on this because I
19:14
Speaker 1: kind of knew it was coming, that I didn't know
19:16
Speaker 1: it would be immediate. So what happened was there was
19:19
Speaker 1: a fuel xcise, which is very exciting for us. If
19:22
Speaker 1: you know what a fuel excise is. Low jokes, no
19:24
Speaker 1: one knows what a fuel excise is, but it's essentially
19:27
Speaker 1: where they cut the amount of tax for a specific
19:30
Speaker 1: period of time. So the current flat petrol tax is
19:33
Speaker 1: forty four point two cents for every dollar of petrol,
19:36
Speaker 1: so that's pretty hefty, I reckon. But for the next
19:40
Speaker 1: six months it's being cut down to twenty two point
19:42
Speaker 1: one CeNSE per dollar, with the intention of that being
19:45
Speaker 1: passed directly onto the consumer. So instead of you know,
19:48
Speaker 1: the big corporates saving some tax and just charging you
19:51
Speaker 1: the same amount, the government is actually going to be
19:53
Speaker 1: watching and making sure that the distributors of fuel actually
19:57
Speaker 1: passing that on to the consumer because they're trying to
19:59
Speaker 1: help out hip pocket, which is very nice of them.
20:02
Speaker 1: There's no real reason why it's just six months. Maybe
20:05
Speaker 1: because they want their tax paid at some point, but
20:08
Speaker 1: hopefully that will get increased. And obviously there's been significant
20:11
Speaker 1: market pressure around the world from you know, we talked
20:14
Speaker 1: about the war that has been declared and all of
20:16
Speaker 1: the other stuff going on, but I don't think that's
20:18
Speaker 1: going away as quickly as six months. So we'll see
20:21
Speaker 1: what happens then. But for now, let's just revel in
20:23
Speaker 1: the fact that we get a discount on our fuel
20:26
Speaker 1: and that is very very welcome.
20:28
Speaker 2: We'll cop that was there anything else in the way
20:30
Speaker 2: of cost of living that they've addressed in this budget bait?
20:33
Speaker 1: Yes, So there are two things that I want to
20:35
Speaker 1: talk about in addition under the bracket of cost of living.
20:38
Speaker 1: And the first, my friends, is a tax cut. We
20:41
Speaker 1: love a tax cut and it's for the average bear.
20:44
Speaker 1: So if you earn under one hundred and twenty six
20:48
Speaker 1: thousand dollars this year, when submitting your tax return, you
20:52
Speaker 1: can expect a four hundred and twenty dollars tax cut,
20:55
Speaker 1: which is a money win for anyone earning under one
20:57
Speaker 1: hundred and twenty six thousand dollars. Important to understand, though,
21:00
Speaker 1: you obviously have to have paid that much in tax
21:02
Speaker 1: to be able to get it. So if you're in
21:04
Speaker 1: a position where you earn under eighteen thousand dollars, you're
21:07
Speaker 1: probably not going to be eligible. But for those of
21:09
Speaker 1: us who have average bare wages, that's a nice little
21:12
Speaker 1: tax bump at tax time. Certainly so, very US, very US.
21:16
Speaker 1: Not bad. And for a little bit of context there,
21:18
Speaker 1: ninety percent of Australians are within that bracket. Really yeah,
21:22
Speaker 1: not bad, good sized guys.
21:24
Speaker 2: Well, that is good for all of us.
21:25
Speaker 1: But if you're not in that situation. Guys, there has
21:28
Speaker 1: been a two hundred and fifty dollars payment for welfare
21:31
Speaker 1: recipients declared, which is very exciting as well. It's a
21:34
Speaker 1: one off payment of two hundred and fifty dollars that
21:37
Speaker 1: will be paid to anyone who is currently receiving welfare.
21:40
Speaker 1: So that's our friends who are on Youth Allowance or
21:42
Speaker 1: on job seeker payments. They could be on a parenting payment,
21:45
Speaker 1: a disability support payment, or on the age pension. So
21:48
Speaker 1: that's a nice little cash bonus that will be hitting
21:50
Speaker 1: your back pockets if you are in that situation and
21:52
Speaker 1: might take a little bit of pressure off the fact
21:54
Speaker 1: that we are have been paying exorbitant amounts of money
21:56
Speaker 1: on fuel George.
21:57
Speaker 2: Kings, So what's the idea behind that? Because to me,
22:00
Speaker 2: obviously super privileged person doing okay in life, two hundred
22:03
Speaker 2: and fifty dollars doesn't sound like very much. Should that
22:06
Speaker 2: have been more? Or is the idea behind that that
22:08
Speaker 2: it just helps out with the groceries for a couple
22:10
Speaker 2: of weeks and petrol and stuff like that. What's the
22:13
Speaker 2: logic behind it?
22:13
Speaker 1: At the end of the day, if you are on
22:16
Speaker 1: any kind of welfare payment, the plan isn't to create wealth.
22:20
Speaker 1: It's actually to put you in a situation where you
22:22
Speaker 1: can put a roof over your head and put food
22:24
Speaker 1: on the table. It doesn't exist so that you can
22:27
Speaker 1: go and save a whole heap and create wealth and
22:29
Speaker 1: go on holidays like. That's not what welfare is for.
22:32
Speaker 1: It's to make sure that you are being able to
22:34
Speaker 1: do those things. But over the last few months slash year,
22:38
Speaker 1: especially with the rate of inflation and fuel price, I
22:41
Speaker 1: think it's a very reasonable thing for the government to go.
22:43
Speaker 1: You need a little bit of a cash bonus, You
22:45
Speaker 1: need a little bit extra in your back pocket, and
22:48
Speaker 1: I would be urging you if you have gotten that
22:50
Speaker 1: to put it into something of use, like don't just
22:52
Speaker 1: blow it. But if you don't have an emergency fund,
22:54
Speaker 1: that would be a really great start. For one. If
22:57
Speaker 1: you have some debt, maybe that's a really good chunk
22:59
Speaker 1: of that debt that could be paid off. I'd be
23:01
Speaker 1: trying to make that money work as hard for you
23:03
Speaker 1: as you do. Yeah. Cool, Yeah, from my perspective, it's
23:06
Speaker 1: a nice little bonus. Do we really need to review welfare,
23:09
Speaker 1: Absolutely we do, But this is a step in the
23:11
Speaker 1: right direction.
23:12
Speaker 3: Guys, when was the last time I have often do
23:14
Speaker 3: they review welfare payments, because I've heard a lot of
23:17
Speaker 3: conversation from people who are welfare recipients that it's literally
23:21
Speaker 3: not enough to live on. And that's the whole purpose
23:23
Speaker 3: of it, right, Like you said.
23:24
Speaker 1: Yeah, yeah, like the idea, and you know, I don't
23:27
Speaker 1: agree with this. This just is what it is. Is
23:30
Speaker 1: that welfare is meant to be an intra measure, not
23:33
Speaker 1: a long term solution, and it's an amount of money
23:36
Speaker 1: that puts you in a situation where hopefully you can
23:38
Speaker 1: put a roof over your head and food on the table,
23:41
Speaker 1: but also puts you in a position where you're motivated
23:43
Speaker 1: to get back into work or motivated to go and
23:46
Speaker 1: earn an income. So I agree that it's not enough
23:49
Speaker 1: and it needs to be reviewed. From my understanding, it
23:51
Speaker 1: hasn't been reviewed properly or fully in the last ten years.
23:55
Speaker 1: And as you guys know, with the rate of inflation
23:58
Speaker 1: last year being two point eight percent, and like, eh,
24:01
Speaker 1: if that's happened for the last ten years, that's pretty significant.
24:05
Speaker 1: So I think it does need a good review, but
24:07
Speaker 1: it's never going to be changed to be in a
24:09
Speaker 1: position where it's like, oh my gosh, Now it's sixty
24:12
Speaker 1: thousand dollars a year and you guys can sit comfortably.
24:15
Speaker 1: I think there is a lot to say about welfare.
24:18
Speaker 1: You know, a lot of people have a lot of
24:20
Speaker 1: colorful experiences. This is not opinion, this is just fact.
24:23
Speaker 1: The reason it is so low is because they don't
24:26
Speaker 1: actually want people relying on it. They want people to
24:29
Speaker 1: want to get into paid work, because that amount of
24:32
Speaker 1: money is coming from tax payers, and you know, at
24:35
Speaker 1: the end of the day, the world needs to keep
24:36
Speaker 1: going around.
24:37
Speaker 3: Obviously, everyone knows I'm going through a home journey right
24:40
Speaker 3: now because I haven't done a bad it enough, so
24:43
Speaker 3: I was really interested to see what was changed for
24:46
Speaker 3: first home buyers. Phie, what can you tell me about that?
24:48
Speaker 1: All right? So I'm excited about this because there's a
24:51
Speaker 1: regional aspect to this. But the government has announced that
24:53
Speaker 1: there are forty thousand more positions being added to the
24:57
Speaker 1: First Home Buyers scheme, and ten thousand of those are
25:00
Speaker 1: being segmented into a new component specifically for our regional friends,
25:05
Speaker 1: which before wasn't the case and I think is absolutely necessary,
25:08
Speaker 1: which is really really exciting when it comes to housing prices, though,
25:12
Speaker 1: my friend the budget, they didn't predict that housing prices
25:17
Speaker 1: would go down. I sorry, I'm really sorry. It's not
25:21
Speaker 1: what we wanted to take here, But it is expected
25:24
Speaker 1: that as the interest rates climb and get a little
25:27
Speaker 1: bit higher, it's going to be putting a little bit
25:29
Speaker 1: more pressure on people and they're going to want to
25:31
Speaker 1: borrow less, which is ultimately going to take housing prices
25:35
Speaker 1: down slightly. So no, they're not predicting a housing price
25:39
Speaker 1: valuation drop, but I think with the pressure that an
25:42
Speaker 1: interest rate hike puts on people and families, it's going
25:46
Speaker 1: to mean you're going to either be borrowing less or
25:49
Speaker 1: not looking to get into the market as soon as
25:51
Speaker 1: you would have before.
25:52
Speaker 2: I noticed in my reading today VI that there was
25:54
Speaker 2: a bit of criticism about the lack of climate change
25:57
Speaker 2: action within this budget.
25:59
Speaker 3: Is the truth to that?
26:01
Speaker 1: I think there's a fair bit of truth to that.
26:03
Speaker 1: I expected a whole heap more, especially after the absolute
26:07
Speaker 1: garbage fire that has been the last few years, like
26:10
Speaker 1: in terms of bushfires, sluds, everything. I feel like Also,
26:16
Speaker 1: I was talking to my good friend Alicia hig Alisha.
26:18
Speaker 1: She listens to this show and she is heartbroken at
26:21
Speaker 1: the moment because she's been in New South Wales helping
26:23
Speaker 1: with flood relief, and I had a tear in my
26:26
Speaker 1: eye watching her Instagram stories last night. I think they
26:28
Speaker 1: were private, so sorry you can't go watch them. But
26:30
Speaker 1: she's been out there volunteering and she's just like the
26:33
Speaker 1: media are gone, no one's talking about this. There are
26:35
Speaker 1: people with their houses still full of mud. There is
26:38
Speaker 1: black mold growing in people's homes, like this stuff isn't
26:41
Speaker 1: being moved. We just need more hands on deck. And
26:44
Speaker 1: none of that was covered. The fact that our country
26:47
Speaker 1: is literally still suffering and they kind of glossed over
26:50
Speaker 1: climate change and environmental parts of the budget was really disheartening.
26:55
Speaker 1: That said, they have devoted three hundred million dollars to
26:59
Speaker 1: quote resilience and a clean up measure in areas that
27:02
Speaker 1: do have major damage. That sounds like a lot of money,
27:05
Speaker 1: but can we quickly break down what the average house
27:08
Speaker 1: price in city and Melbourne is, Oh yeah, about a
27:10
Speaker 1: million dollars, So what three hundred houses is that all
27:13
Speaker 1: that was impacted. There's a lot more to this story
27:15
Speaker 1: because you're taking into consideration labor and tools and things
27:19
Speaker 1: to rebuild, and there's just so much more to this
27:23
Speaker 1: story than three hundred million dollars and don't get me wrong,
27:26
Speaker 1: that's a lot of money, but is it enough?
27:27
Speaker 3: And Northern River has just got an evacuation warning for
27:30
Speaker 3: it again this week. Like there, I would say, coming
27:34
Speaker 3: into winter, surely these areas are at risk of the
27:36
Speaker 3: same thing happening and it's just devastating.
27:39
Speaker 1: And it's been split. So one hundred and fifty million
27:41
Speaker 1: dollars if that three hundred is going to the Northern Rivers,
27:44
Speaker 1: and that's good, but like from my perspective, I just
27:47
Speaker 1: don't think it's enough and we're not talking about this enough.
27:51
Speaker 1: There's been an additional thirty one million dollars allocated for
27:54
Speaker 1: mental health support, which makes a lot of sense. Again,
27:57
Speaker 1: I would want to see that being a bit higher
27:59
Speaker 1: because mental health support is going to be incredibly important.
28:03
Speaker 1: But yeah, I felt like it was really light on
28:06
Speaker 1: when it came to the environment, Like there was one
28:09
Speaker 1: billion dollars but over nine years to protect the Great
28:12
Speaker 1: Barrier Reef, which is, let's be honest, is already dying
28:15
Speaker 1: and you know needs a lot more than nine years
28:18
Speaker 1: worth of strategy. There was also one hundred million dollars
28:21
Speaker 1: allocated over three years to quote an environment Restoration Fund
28:26
Speaker 1: and fifty three million dollars over five years to support
28:30
Speaker 1: the recovery and conservation of koalas. So I get that,
28:33
Speaker 1: and I totally understand that koalas are important. I just
28:36
Speaker 1: feel like there's a lot of people in Australia that
28:38
Speaker 1: need a lot more.
28:39
Speaker 2: Right now, so climate change specifically, though be.
28:42
Speaker 1: There is one funding measure of two hundred and forty
28:45
Speaker 1: seven million dollars to encourage quote the private sector to
28:49
Speaker 1: invest in low emission to technology, which will mainly be hydrogen.
28:53
Speaker 1: That's not enough, Like it's not enough, but like, also,
28:56
Speaker 1: is that all you got? Isn't there other things that
28:59
Speaker 1: we can do? I thought there would have been.
29:01
Speaker 2: It's so confusing our country's lack of action, isn't it.
29:04
Speaker 1: It's actually really embarrassing, Like I'm embarrassed that we have
29:09
Speaker 1: so much support and so many people that back us,
29:11
Speaker 1: and so many things that we do as a country
29:13
Speaker 1: that are so impressive, and then it's like, oh, yeah,
29:16
Speaker 1: we're not doing much there though when we know it's
29:18
Speaker 1: a problem. Yeah, it's like how we treated our first
29:21
Speaker 1: nation's people, Like I just can't believe it took that
29:24
Speaker 1: long to get where we are. So there was some
29:27
Speaker 1: allocation in the budget this year for our First Nation's friends,
29:30
Speaker 1: which I think is incredibly important. So first things off
29:34
Speaker 1: the butt is there is a twenty million dollar allocation
29:37
Speaker 1: to make sure the transfer of the copyright to the
29:39
Speaker 1: Aboriginal Flag moves across to the Commonwealth, which I think
29:42
Speaker 1: is really exciting because historically or over the last few years,
29:46
Speaker 1: it has been licensed by a company who has stopped
29:48
Speaker 1: people using it, and I think it should be able
29:50
Speaker 1: to be liberally used by absolutely everyone in that community.
29:54
Speaker 1: So that is absolutely a step in the right direction.
29:56
Speaker 1: Then there is thirty two million dollars that has been
29:59
Speaker 1: all towards establishing thirty five local and regional voice bodies
30:04
Speaker 1: for First Nations people to participate in policy discussions and
30:08
Speaker 1: service delivery, which I'm really excited about. There's then one
30:12
Speaker 1: hundred and seventy three million dollars going to be allocated
30:16
Speaker 1: for critical services in the Northern Territory, and a further
30:19
Speaker 1: three hundred and seventeen million dollars for the Nogura Cultural
30:23
Speaker 1: Precinct near Parliament in Canberra, which is going to include
30:26
Speaker 1: the national resting Place to house ancestral remains with unknown providence.
30:31
Speaker 1: We've got this space where they are actually going to
30:33
Speaker 1: be recognized, which is really really special. So I think
30:36
Speaker 1: that that is absolutely a step in the right direction.
30:39
Speaker 1: Bit disappointed that we were talking about things like welfare
30:42
Speaker 1: and there weren't any specific mentions of First Nations people
30:46
Speaker 1: who we know are under even more significant financial pressures,
30:50
Speaker 1: especially living regionally most of the time, So I would
30:53
Speaker 1: have liked to see that, but it just wasn't there.
30:56
Speaker 2: Let's talk now about women Vee. You mentioned earlier the endometrios's.
31:01
Speaker 1: Package in healthcare.
31:03
Speaker 2: Yeah, paid parental leave, that's amazing. Is there anything else
31:06
Speaker 2: that we really get out.
31:07
Speaker 1: Of this budget?
31:07
Speaker 2: Yes.
31:08
Speaker 1: Specifically, there has been a total of one point three
31:11
Speaker 1: billion dollars over six years, not as sexy, but over
31:15
Speaker 1: six years allocated towards a range of programs to reduce
31:18
Speaker 1: violence against women and children, which is obviously welcomed with
31:22
Speaker 1: open arms. It is what they are calling the first
31:25
Speaker 1: phase of the government's quote National Plan to end violence
31:28
Speaker 1: against women and Children by twenty thirty two. Very very exciting. However,
31:34
Speaker 1: I guess to put a little bit of a negative
31:36
Speaker 1: spin on that the current national plan that was established
31:39
Speaker 1: in twenty ten hasn't actually fulfilled on any of the
31:43
Speaker 1: deliverables or most of the deliverables that it's set out.
31:47
Speaker 1: So I think that's really important to point out because
31:49
Speaker 1: that's a lot of money being allocated to something really important.
31:53
Speaker 1: Why can't we make that work? Yeah, so important to
31:57
Speaker 1: break that down though. That funding is going to include
32:00
Speaker 1: one hundred and four million dollars for national prevention organization
32:04
Speaker 1: our Watch, one hundred and twenty eight million dollars for
32:07
Speaker 1: national counseling services for victim survivors, forty eight million dollars
32:12
Speaker 1: for an early intervention campaign aimed at boys and young
32:15
Speaker 1: men love to see It, two hundred and forty million
32:18
Speaker 1: dollars to extend an Escaping Violence Payment, which I think
32:22
Speaker 1: is really really powerful, which is actually going to mean
32:24
Speaker 1: that women who are in a situation where they are
32:26
Speaker 1: forced to leave an abusive relationship can access up to
32:30
Speaker 1: five grand to help them out of that situation. There's
32:33
Speaker 1: one hundred million dollars being extended to the Safe Places program,
32:37
Speaker 1: which provides emergency accommodation for those experiencing family or domestic violence,
32:42
Speaker 1: and one hundred and fifty one million dollars on recovery
32:45
Speaker 1: services for victim survivors. Which is very very important. The
32:49
Speaker 1: other thing guys really excited this year and the budget
32:52
Speaker 1: they talked about consent, so very separately to the National Plan.
32:56
Speaker 1: The government is actually going to be spending a total
32:58
Speaker 1: of thirty two million dollars on a consent campaign that
33:02
Speaker 1: is going to be aimed at youth aged twelve years
33:05
Speaker 1: and older and their parents. And this wasn't actually news
33:09
Speaker 1: to us on budget night. We knew that this had
33:11
Speaker 1: actually been announced a little bit earlier. But five million
33:15
Speaker 1: dollars is also going to be spent to conduct a
33:17
Speaker 1: national survey of high school students so we can fully
33:21
Speaker 1: comprehend what their understanding of consent is. So I think
33:24
Speaker 1: that's a really good step in the right direction and
33:26
Speaker 1: some data collection that hasn't been done before that I
33:28
Speaker 1: think will be really powerful over the next few years.
33:31
Speaker 2: I wonder how much that was influenced by Chantel Contos.
33:34
Speaker 2: Is that how you pronounce her surname?
33:36
Speaker 1: I think so that's how I would have pronounced her surname.
33:39
Speaker 2: There's just so many women did such incredible work, and
33:42
Speaker 2: they have been doing for the last two years.
33:44
Speaker 1: So for those who might not know who Chantell is
33:47
Speaker 1: or what her impact has been, George, who is she
33:49
Speaker 1: quick Rundown?
33:50
Speaker 2: So forgive me if I get this a little bit wrong,
33:53
Speaker 2: but she essentially started this kind of movement in I
33:57
Speaker 2: think it was Sydney's like Golden Suburb and she basically said,
34:02
Speaker 2: I've been a victim of sexual assault. How many of
34:06
Speaker 2: you have had the same thing happened to you? And
34:08
Speaker 2: it was targeted at private school boys, I believe. Anyway,
34:12
Speaker 2: the response was incredible, so many women had experienced the
34:16
Speaker 2: same thing, and from that it just kind of grew
34:19
Speaker 2: into this huge national Yeah movement exactly right, and not
34:24
Speaker 2: unlike the Me Too campaign, I guess a little bit,
34:27
Speaker 2: but on a more local level. And she's yeah, she's
34:29
Speaker 2: done incredible work. Yeah.
34:31
Speaker 1: No, I think it's really important to talk about that
34:33
Speaker 1: kind of stuff as well, because as much as the
34:35
Speaker 1: budget is kind of dry and kind of boring, understanding
34:39
Speaker 1: it means you're going to understand what our government's priorities
34:42
Speaker 1: are over the next few years and what it means
34:44
Speaker 1: for you and how it's going to impact you. And
34:46
Speaker 1: at the end of the day, this is not a
34:48
Speaker 1: political podcast by any stretch of the imagination, but understanding
34:52
Speaker 1: how different governments allocate or are proposing to allocate funding
34:57
Speaker 1: is going to tell you a lot about their values
34:59
Speaker 1: and what they stand for, because they can say one
35:01
Speaker 1: thing and say, oh, my gosh, we're really going to
35:03
Speaker 1: stand behind women and violence. But then if they've allocated
35:06
Speaker 1: nothing in their proposed budget, you kind of go, Okay, well,
35:09
Speaker 1: you weren't serious about that, were you. So it's about
35:11
Speaker 1: making sure that their words are kind of aligning with
35:14
Speaker 1: their actions, which I think is very deep. But you know,
35:18
Speaker 1: move away from politics. I think for a second, I
35:20
Speaker 1: think it's interesting to really understand how our budget and
35:24
Speaker 1: how our taxpayer dollars are distributed, and whether you're happy
35:27
Speaker 1: with that or not, because at the end of the day,
35:29
Speaker 1: like we do get a say in this, not a
35:31
Speaker 1: super deep say, but we do get a say in this,
35:34
Speaker 1: and that's how it all falls out. But of course, guys,
35:37
Speaker 1: it's also really important to remember that these are promises.
35:41
Speaker 1: They are not set in stone. So it'll be really
35:44
Speaker 1: interesting to see if they do get elected, if they're
35:46
Speaker 1: actually going to put their money where their mouth is,
35:48
Speaker 1: or if maybe they were running their mouths a little
35:50
Speaker 1: bit to get into a position of power. So I
35:52
Speaker 1: think let's look at historicals and make sure that if
35:55
Speaker 1: someone is saying they will do something, have they been
35:57
Speaker 1: known to do that before? Like do they walk the
35:59
Speaker 1: world when they talk the talk? I don't know.
36:01
Speaker 2: Forgive me if this is a potato question, ladies, But
36:05
Speaker 2: if Scott Morrison Schomo is voted out and Albanesi al
36:11
Speaker 2: Elbow gets in voted in yep, then what happens to
36:14
Speaker 2: this budget?
36:15
Speaker 1: Is it different way? A different doesn't get thrown away
36:18
Speaker 1: per se. I'm sure that they will be like, oh cool,
36:20
Speaker 1: We'll just take notes, like I'm not going to let
36:22
Speaker 1: you do an entire assignment and leave it on the table.
36:25
Speaker 1: I'm gonna maybe try and copy you, borrow a few bits,
36:28
Speaker 1: make me make sure it doesn't look too play drives,
36:30
Speaker 1: reform it, make it look like it was my idea.
36:33
Speaker 1: They change the font, put an explanation mark at the
36:36
Speaker 1: end of a few sentences. Brilliant original. But the federal
36:40
Speaker 1: budget that just came out was the current budget for
36:42
Speaker 1: the current government, and the opposition will actually give a
36:45
Speaker 1: budget based on what they think the money should be
36:47
Speaker 1: allocated towards very soon, so it'll be interesting to see
36:51
Speaker 1: the dimensions of how things change and what that actually
36:54
Speaker 1: looks like. And what our friend Alba is actually going
36:57
Speaker 1: to do, so you can have a look at that
36:59
Speaker 1: and go how is he allocating funds? What does this
37:02
Speaker 1: look like? So that I can make the right decision
37:04
Speaker 1: for me in line with my values.
37:07
Speaker 2: It's handy for the opposition because they can read the feedback,
37:10
Speaker 2: read the room, and make adjustments as they say.
37:13
Speaker 1: Fit cut paste. It's not plagiarism. I hope that has
37:17
Speaker 1: given you a little bit of insight as to what
37:19
Speaker 1: the budget actually means, how it works, and what this
37:22
Speaker 1: year's budget has delivered us or potentially proposed. But as always,
37:26
Speaker 1: if you guys have any questions, jump into our Facebook group,
37:29
Speaker 1: slide into our dms and have a conversation with us.
37:32
Speaker 1: But as always, that is all we have time for.
37:34
Speaker 1: So Gee, would you please let everybody know that I
37:36
Speaker 1: am quite literally a licensed to financial advice.
37:39
Speaker 2: Absolutely would be a pleasure. Remember guys, that the advice
37:42
Speaker 2: shared on She's on the Money is general in nature
37:45
Speaker 2: and does not consider your individual circumstances. She's on the
37:48
Speaker 2: Money exists purely for educational purposes and should not be
37:51
Speaker 2: relied upon to make an investment or a financial decision.
37:55
Speaker 2: Victoria Divine is an authorized representative of in Focused Securities Australia.
38:00
Speaker 2: She Limited a b N four seven zero nine seven
38:02
Speaker 2: seven nine seven zero four nine AFO sala two three
38:05
Speaker 2: six five two three Oh.
38:06
Speaker 1: She's getting speedy. Happy Friday, guys. We will see you
38:10
Speaker 1: next week.
38:11
Speaker 3: Bye guys,