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How Much Should You Actually Save Before Having a Baby? And Balancing Travel Dreams Vs Buying a Home · She's On The Money

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Speaker 1: My name's Sasha Bamblet. I'm a proud First Nations woman
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Speaker 1: and I'm here to acknowledge country t Glenn Young Ganya, Niana,
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Speaker 1: Kaka yah y and beIN Ahaka Nian our gay In
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Speaker 1: Mbini yakarum Jar Dominyamiga Umagahawaka Woman Damon Imlan Bumba ban
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Speaker 1: Gadabomba in and now in wakah ghan On yak rum
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Speaker 1: Jar water Nadaa. Hello, beautiful friends, we gather on the
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Speaker 1: lands of the Aboriginal people. We thank acknowledge and respect
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Speaker 1: the Abiginal people's land that we're gathering on today. Take
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Speaker 1: pleasure in all the land and respect all that you see.
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Speaker 1: She's on the Money podcast acknowledges culture, country, community and connections,
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Speaker 1: bringing you the tools, knowledge and resources for you to thrive.
0:45
Speaker 2: She's on the Money. She's on the Money.
1:08
Speaker 3: Hello and welcome to She's on the Money, the podcast
1:11
Speaker 3: that makes personal finance fun, especially on Fridays. It is
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Speaker 3: our favorite day of the week because we are very
1:17
Speaker 3: lucky and we get our team together to celebrate you
1:20
Speaker 3: the incredible She's on the Money community. The only person
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Speaker 3: I have here with me today is actually Miss Jess Grici,
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Speaker 3: who is as always going to be sharing her money
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Speaker 3: wins and confessions. Beck's not here, but she did leave
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Speaker 3: us with some broke tips which I will share with you. Guys.
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Speaker 3: We're going to be helping to answer a money dilemma
1:38
Speaker 3: which is all about how to prepare for dropping down
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Speaker 3: to one income from maternity leave and something that you
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Speaker 3: slid into our DMS about this week. Is it a
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Speaker 3: bad idea to prioritize travel as a money goal over
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Speaker 3: buying a house? Mister Gerricci, Before we get there, how
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Speaker 3: was your week?
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Speaker 4: My week has been so good. You've seen in the
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Speaker 4: office I have been trawling the Amazon.
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Speaker 3: Oh yeah, you're not even like in the office doing it.
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Speaker 3: You're all over our group chat as well, like you
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Speaker 3: are trying to influence me to write all the stuff
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Speaker 3: that you're buying because you've had it in your cart
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Speaker 3: for so long.
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Speaker 4: Genuinely, you guys, now, I love Amazon. We've been working
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Speaker 4: with them. The big deal days are on and I
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Speaker 4: feel like it's such a good time to be buying
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Speaker 4: stuff for Christmas, because you know, I love an early
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Speaker 4: Christmas buy to put.
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Speaker 3: It on percent and an early group message like why
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Speaker 3: are you messaging us at seven thirty with like, hey, guys,
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Speaker 3: did you see this? No, we didn't, jest, we haven't
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Speaker 3: sat in front of our computer yet, but you are
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Speaker 3: doing work for us absolutely.
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Speaker 4: And I've pulled out a list I thought I could
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Speaker 4: share with you a couple of the really good deals
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Speaker 4: I thought people might like.
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Speaker 3: Yes, I mean I've seen them in group chat already,
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Speaker 3: but share with the community absolutely.
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Speaker 4: All right. First, one big one for anyone who knows me.
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Speaker 4: Ninja slashy. Yeah, thirty percent off.
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Speaker 3: What's the Ninja creamy though, because I've decided the Ninja
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Speaker 3: slushy you can have at your house, but you can
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Speaker 3: come to my house for the creamy is on all
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Speaker 3: ninja stuff.
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Speaker 4: It is on stuff sory.
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Speaker 3: I just realized I got that wrong. Ninjaslashy forty percent off?
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Speaker 3: Oh okay injore creamy. Okay, that's a good idea. Is
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Speaker 3: the Ninja creamy swirl included in that? Because like I
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Speaker 3: have been going down what you could say is a
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Speaker 3: massive rabbit hole. Yeah, and I need that in my house.
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Speaker 4: Oh, it looks incredible. It is also on say, I
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Speaker 4: don't remember the percentage.
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Speaker 3: Was also included. A deal is a deal.
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Speaker 4: One hundred percent.
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Speaker 3: What else have you got?
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Speaker 4: Robo rock vacuums up to sixty percent off?
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Speaker 3: Sorry sixty I know that people are basically giving them
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Speaker 3: away for free, like and I shouldn't say that because
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Speaker 3: I should be like put twenty four hours between you
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Speaker 3: and you're spending. But like brooking our team. She's like
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Speaker 3: the queen of robot vacuums. Like if she walked into
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Speaker 3: your house, I think the robot vacuum would come up
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Speaker 3: to her and be like, oh all hell, robot vacuum queen.
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Speaker 3: But like, sixty percent is a good deal.
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Speaker 4: It is a really good deal. And the sale is
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Speaker 4: on until the thirteenth, so you do you have the
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Speaker 4: time to put twenty four hours and you're spending.
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Speaker 3: Which reminder you absolutely should. But like, sorry, are you
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Speaker 3: Christmas shopping already as well? Literally this year, I just
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Speaker 3: feel the pressure. I don't know why. Why am I
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Speaker 3: feeling the pressure in October? I be buying Christmas presents now.
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Speaker 4: I think it's good because you can get ready early,
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Speaker 4: get it done, I get it on sale, save some money.
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Speaker 4: Someone in my family wanted to Kindle eighteen percent off
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Speaker 4: done and dusted, Lego set to twenty percent off if
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Speaker 4: you've got kids, and.
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Speaker 3: Then buying, do you plow this Christmas as well? Perfect?
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Speaker 3: Get on there's Eve, it's on sale. Oh my god.
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Speaker 3: I think that's genius. But then also, sorry, good a
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Speaker 3: reminder that a lot of sales don't happen closer to Christmas.
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Speaker 3: So if you're trying to snag a deal, maybe now's
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Speaker 3: the time to shine.
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Speaker 4: Yeah. I don't want to be fighting with people in
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Speaker 4: the aisles. I don't want to be stressing a week
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Speaker 4: before Christmas. I'm going to get it all done now.
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Speaker 3: Yeap, genius, I'll still be stressing. But that's okay. Let's
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Speaker 3: put some info in the show notes because I know
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Speaker 3: that people are going to be interested in that. How
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Speaker 3: do you I love this. I am good. I'm live,
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Speaker 3: laugh loving my way into October. I will say that
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Speaker 3: it has been such a chaotic period of time for us.
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Speaker 3: We have sold our house, like that's you know, I
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Speaker 3: guess all news now, but like just going through this
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Speaker 3: process is just so stressful. We're talking about okay, well,
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Speaker 3: now settlements coming up soon, like obviously not that soon,
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Speaker 3: but in a a month or two, and I just go,
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Speaker 3: We've got to get everything out of the house. Where
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Speaker 3: are we going with that? What does storage look like?
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Speaker 3: And doing that with a toddler in the house hard?
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Speaker 3: I bet it's not just it's the mental load, I think. Yeah,
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Speaker 3: And I'm just and I have a fantastic husband, please
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Speaker 3: don't get me wrong, we're both sharing that. But I'm
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Speaker 3: always like, low key, just don't want to do it.
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Speaker 4: Moving such a big thing. Yeah.
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Speaker 3: And I was talking to a couple of girls in
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Speaker 3: the office about it yesterday and I was like, oh, yeah,
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Speaker 3: it's not too hard. And then I was like, oh,
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Speaker 3: the plastic drawer in my kitchen that I keep avoiding, Yeah,
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Speaker 3: should I go through that? Like do you know what
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Speaker 3: I mean? It's like the shed. Do I have to
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Speaker 3: do this shed? Or do I like bunch everything into
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Speaker 3: boxes so that when we move into a new house,
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Speaker 3: like I just reopen it and go, wow, now I'll
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Speaker 3: deal with it, or just currently deal with it so
5:46
Speaker 3: that future me has a better time.
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Speaker 4: I'm a fan of doing it pre move personally. It's
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Speaker 4: less things too. It feels redundant to move it and
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Speaker 4: then color it, you know, if I.
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Speaker 3: Need it though, Like I don't need two can openers,
5:58
Speaker 3: but we have two can openers. Yeah, which one do
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Speaker 3: you pick that are you paying? Yeah, b you paying favorites?
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Speaker 3: And does my husband agree with that? Being the nicer
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Speaker 3: can opener?
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Speaker 5: Yeah.
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Speaker 4: Have you seen the people on TikTok. They go through
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Speaker 4: their mug collection. They have a one in, one out.
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Speaker 4: This is so funny.
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Speaker 3: We're TikTok mugs and you.
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Speaker 4: Just end up with like heaps of them for no reason.
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Speaker 4: They had too many. They're like, that's not me. I
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Speaker 4: do not own enough mugs.
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Speaker 3: Oh, there you go.
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Speaker 4: But they were like, we need to implement a one in,
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Speaker 4: one out rule, and so they make these tiktoks where
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Speaker 4: if they want to buy a new mug, it's like
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Speaker 4: Survivor and they take turns like drafting there until there's
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Speaker 4: one mug left that they get rid of it and
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Speaker 4: they bring the new. As I'm explaining, I go, wow,
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Speaker 4: that's very dull. But would you please send that Yes?
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Speaker 2: Absolutely, I love it.
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Speaker 3: I'm on the side of TikTok. I think it's Oregon
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Speaker 3: fishing TikTok oh niche, yes, but let me just let
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Speaker 3: me pitch this to you again, completely niche side of TikTok,
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Speaker 3: which tells me that you and I have very different
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Speaker 3: tasting content, so it's not just fishing videos. In fact,
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Speaker 3: this guy gets you and you're watching an Oregon fishing video.
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Speaker 3: Before you know, you're watching an Oregon fishing video, and
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Speaker 3: then you're too far in. He actually catfishes men online
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Speaker 3: who have pictures of fish in their profile pictures, right,
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Speaker 3: And then it's kind of wholesome because he doesn't like
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Speaker 3: do anything bad, but he you know, lures them in
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Speaker 3: by asking what their favorite fishing locations are, and then
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Speaker 3: his videos are him reviewing the fishing locations.
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Speaker 4: Oh, I love that. I like this sounds like it
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Speaker 4: could be a little bit of fair really, And.
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Speaker 3: Then he's just got this way of like editing the
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Speaker 3: videos that you're like, wow, he brings back all of
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Speaker 3: these like old school videos and clips that like feel
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Speaker 3: nostyle duke. Then you're watching them, and then all of
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Speaker 3: a sudden you're watching an Oregon fishing video again. You're like,
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Speaker 3: damn me, got me. And you know when you like
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Speaker 3: watch one or two videos and then all of a sudden,
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Speaker 3: that's all your fat, that's your entire feed.
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Speaker 4: Yeah, don't send it to me. I don't want to
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Speaker 4: be on fishing target.
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Speaker 3: I mean to send it so many of them. All right,
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Speaker 3: all right, all right, speaking of online, we have an
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Speaker 3: online at five star review that I would love to
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Speaker 3: share with you. Are you ready to hear it? Okay,
8:04
Speaker 3: So this one comes from KDEZ Investing Diaries, Keep them coming.
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Speaker 3: Five stars. I loved the episode with the and brook
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Speaker 3: going through Brooks investment portfolio and her strategy. Would love
8:16
Speaker 3: to hear more things like this.
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Speaker 4: Okay, that away for later. That was a really good episode,
8:21
Speaker 4: but it's a great job.
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Speaker 3: I picked that five star review because, Hi, guys, if
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Speaker 3: you've got an investment strategy that you're willing to share
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Speaker 3: on the podcast and we can go through with a
8:29
Speaker 3: fine tooth comb, submit a money diary via our website
8:33
Speaker 3: because I would love to hear it and like, there's
8:35
Speaker 3: nothing juicier and being like, what do you own Jess?
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Speaker 4: Yeah, it's you own it.
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Speaker 3: And Jess and I are currently in the same hole
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Speaker 3: with the same biopharmaceutical stock that Brooke and I were
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Speaker 3: talking about that we took a punt on. But I
8:46
Speaker 3: would say that Jess has been better at it because
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Speaker 3: I invested in it and stopped and then Jess is
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Speaker 3: consistently invested in it and you're not in a bad
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Speaker 3: position with them anymore.
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Speaker 4: I'm up a decent amount, but also I am down.
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Speaker 4: My anticipation is once they finished the trials, that's when
9:04
Speaker 4: you'll see.
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Speaker 3: See I'm still committed as well, assuming.
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Speaker 4: The trial goes well. Obviously, all investin contains risk, not
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Speaker 4: financial advice.
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Speaker 3: That past performance is not indicative of future performance, absolutely,
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Speaker 3: which I've learned because the past performance of this stock
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Speaker 3: was amazing and then she went down. Anyway, Miss Jess Gerchi,
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Speaker 3: tell me about our community. I want to know what
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Speaker 3: are your favorite money wins from the week.
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Speaker 4: So firstly, this week, I've got a money win from Sus,
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Speaker 4: who said she went to a quiz night on Friday
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Speaker 4: to support her local score. She spent four bucks on
9:33
Speaker 4: raffle tickets. She won the major prize, which was two
9:36
Speaker 4: Pennicott Wilderness Cruise tickets worth four hundred bucks.
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Speaker 3: Oh my god.
9:39
Speaker 4: And I don't know what a Pennicott Wilderness cruise is,
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Speaker 4: but it sounds fun and four dollars is a bargain.
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Speaker 3: All I heard is that you paid four dollars for
9:46
Speaker 3: a four hundred dollars thing, and that's a money win
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Speaker 3: in my eyes. Wild done, Sus.
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Speaker 4: Next I've got a money in from Lisa, who said
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Speaker 4: it's a big day for her money win. She went
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Speaker 4: to the local tafe as a nail model for her
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Speaker 4: friend's daughter and got a full set of acrylic nails
10:00
Speaker 4: for ten dollars, and she said she did a great job.
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Speaker 4: She put in a little photo they look very cute.
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Speaker 3: Oh cute, very.
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Speaker 4: Nice, and then she said money loss. She got a
10:08
Speaker 4: rejection letter for a higher role at work.
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Speaker 3: Unfortunately, but that's okay because you put your hat in
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Speaker 3: the ring and now please you might not have the job.
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Speaker 3: You have more experience, you have more confidence, and next
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Speaker 3: time you know that you can go for it again.
10:19
Speaker 3: Worst thing that can happen, Jess.
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Speaker 4: They say no exactly, and now they know you're interested,
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Speaker 4: which I think is a big win.
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Speaker 3: Yeah, They're like, she's not going to want to stay
10:26
Speaker 3: in this role. We're going to have to make.
10:27
Speaker 4: Room exactly right. Next I've got a money win from Mike,
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Speaker 4: who said he followed our advice about negotiating our your
10:33
Speaker 4: mobile phone bill. He called and went straight through to
10:35
Speaker 4: someone at Retention who reduced his plan from fifty five
10:38
Speaker 4: dollars to twenty five dollars.
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Speaker 3: That is so good. Less than a half.
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Speaker 4: No hesitation on their part. He said, the whole process
10:44
Speaker 4: took less than five minutes.
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Speaker 3: I love that. Can I chime in with a money
10:47
Speaker 3: win from my nana please? Zella from Zella. So Zella
10:51
Speaker 3: is currently staying with my parents sover from Tasmania, and
10:54
Speaker 3: my mum found out her phone bill and was like
10:58
Speaker 3: absolutely not. In fact, mum was that's not a money
11:01
Speaker 3: win and marched her down to the phone company and
11:04
Speaker 3: have switched my nana from paying like one hundred and
11:06
Speaker 3: fifty dollars a month because phone companies just leave old
11:10
Speaker 3: people on their old contract. No, I was a month.
11:14
Speaker 3: Don't even start it. I'm about to send a very
11:17
Speaker 3: salty email because my grandpa passed away like more than
11:21
Speaker 3: ten years ago. That's okay, why are we still paying
11:24
Speaker 3: his phone plan?
11:26
Speaker 4: But did they know?
11:27
Speaker 3: I don't know. Yeah, I don't know. But it didn't
11:30
Speaker 3: get used for ten years. The number's been disconnected, so
11:32
Speaker 3: why are we paying for it? That's crazy anyway, that's
11:35
Speaker 3: another story for another day. But my nana has just
11:37
Speaker 3: purchased a sim only plan for like thirty nine dollars
11:42
Speaker 3: last six months, so much better stop it, Nana, Like,
11:46
Speaker 3: that's a good deal. And she came home and she said,
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Speaker 3: I've got a money win for you. I was like,
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Speaker 3: tell me, tell me, I'll put it on the show.
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Speaker 3: Don't worry, Nana. She's never listened to my podcast. I
11:55
Speaker 3: don't even know if she can access it, but like,
11:57
Speaker 3: I did it for you. Now shout out to Sala
11:59
Speaker 3: if she's listening. It's also a good reminded for everyone
12:01
Speaker 3: checking on your grandparents and just make sure that all
12:03
Speaker 3: excuse me, is anyone taking advantage of you, because that's awful.
12:07
Speaker 3: They just go, oh, life's expensive, No worries, ducky not
12:11
Speaker 3: no so much money?
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Speaker 4: Oh my goodness. Next, I've got money in this week
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Speaker 4: from Lily who said she's six months pregnant and a
12:18
Speaker 4: week post COVID. They scrubbed the hell out of their
12:22
Speaker 4: hopefully last ever bond clean and got the full bond
12:25
Speaker 4: back and she said there's nothing like telling a guy
12:28
Speaker 4: his new TV budget depends on the bond being returned.
12:33
Speaker 3: Pitch made TV's are expensy. Ah, well done.
12:37
Speaker 4: And then last of this week, I've got a money
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Speaker 4: in from Christine who said she signed up a few
12:41
Speaker 4: months back for an adopt a fruit tree program through
12:43
Speaker 4: her local council where you got a free fruit tree
12:46
Speaker 4: to be planted in their yard. She got home today
12:49
Speaker 4: to find a baby peach tree sitting there ready to go.
12:52
Speaker 4: It's still got a bit of growing to do, but
12:54
Speaker 4: eventually it'll give her free fruit and look amazing.
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Speaker 3: Stop her a little peach tree that's so down your alley.
13:00
Speaker 4: And local council coming through once again.
13:02
Speaker 3: Jess needs to go work for local friends. I actually should.
13:05
Speaker 3: I love it, Like, I don't agree with that, but
13:07
Speaker 3: like if you quit and said I'm going to work
13:10
Speaker 3: for Burindara, I'd be like, you know what, I'm not
13:12
Speaker 3: even surprised. Like the story checks out all right. So
13:16
Speaker 3: I am lucky because while beck is not here, I
13:19
Speaker 3: get to do broke tips. So would you like to
13:22
Speaker 3: hear them?
13:22
Speaker 4: Of course?
13:23
Speaker 3: So these have all obviously come from our community, and
13:25
Speaker 3: the first one I have got is from Hannah. She said.
13:28
Speaker 3: Sign up to your local gym that has a crash
13:31
Speaker 3: rather than having daycare fees, I pay twenty bucks a
13:35
Speaker 3: week and the kids go to Krash for up to
13:37
Speaker 3: two hours a day. Some days I just chill and
13:40
Speaker 3: do some reading at the gym, or I do things
13:43
Speaker 3: on my laptop while they're in creation get some life
13:46
Speaker 3: admin kicked out. I didn't know that was a thing,
13:48
Speaker 3: neither did I.
13:49
Speaker 4: That's so smart.
13:51
Speaker 3: So you're telling me that you can just drop your
13:52
Speaker 3: kid off, and I'm assuming that there's like rules and
13:54
Speaker 3: regulations around you probably not being allowed to leave the premise,
13:58
Speaker 3: like you've got a UNI a sign and your mom,
14:01
Speaker 3: or you've got like you know, some life admin or
14:03
Speaker 3: want to get through your emails. Sorry, two hours is golden.
14:06
Speaker 4: Yeah, I'm just mind boggled that you could just drop
14:08
Speaker 4: them off at the crazy at the thing.
14:10
Speaker 3: That's insane. That's that's elite. That is good money, money win,
14:14
Speaker 3: or a good broke teap I reckon. The next one
14:17
Speaker 3: is from our friend Cassie. She says, check old loyalty
14:20
Speaker 3: apps you might not have logged into for a while.
14:23
Speaker 3: I logged into my Zassafras app after nearly three years
14:27
Speaker 3: to see I had fifteen dollars in drink credit and
14:30
Speaker 3: as my birthday was last month, I still had a
14:32
Speaker 3: free drink for that three free coffees for me. And
14:35
Speaker 3: then she said, for context, that's a new South Wales
14:38
Speaker 3: coffee chain. And I moved to Victoria three years ago.
14:41
Speaker 3: Ohs fra someone.
14:43
Speaker 4: There was a money win that mentions us fresh and
14:45
Speaker 4: I was like, I don't know what that is.
14:46
Speaker 3: So it's a coffee chain.
14:47
Speaker 4: Oh, there you go.
14:48
Speaker 3: It makes more sense modern.
14:50
Speaker 4: Day equivalent of like finding money in a pocket of
14:52
Speaker 4: an old jacket or something.
14:54
Speaker 3: Happening to us less and less. It's so disappointing. The
14:57
Speaker 3: other day I couldn't even find a two dollar coin
14:59
Speaker 3: for my trolley, and I was like, is this really
15:01
Speaker 3: where we're at Victoria?
15:02
Speaker 4: It's desperate times when you're like pulling back the car
15:05
Speaker 4: seat really get in your hand.
15:07
Speaker 3: And also, I'm sorry, a shopping cart with a toddler
15:10
Speaker 3: life changing. Shopping in the supermarket without the trolley and
15:14
Speaker 3: a toddler life ruining.
15:17
Speaker 4: I was at coals and I didn't have two dollars
15:18
Speaker 4: and I said, oh, can I buy a token? And
15:21
Speaker 4: they said we don't have any tokens? And I said,
15:23
Speaker 4: so how do I access a trolley then? And they said,
15:25
Speaker 4: don't be broke. They literally were just like you're going
15:27
Speaker 4: to have to carry things in your hands.
15:30
Speaker 3: What is this?
15:31
Speaker 4: What do you mean? Like obviously, so like I'll bring
15:33
Speaker 4: the trolley back, like I'm a good citizen. I just
15:36
Speaker 4: couldn't believe it.
15:37
Speaker 3: Say, do you know what this is? Why? And like
15:39
Speaker 3: shout out to coals Intoaronga because I feel like everybody
15:41
Speaker 3: knows where I live anyway and whatever, like that's just
15:44
Speaker 3: my local at the moment. They don't have coins on
15:47
Speaker 3: their trolleys, so I go there exclusively because the woolies
15:51
Speaker 3: down the road. Sorry, they have coin trolleys not happening.
15:54
Speaker 3: I can't live like that. That's not an option for me. Sorry,
15:57
Speaker 3: get it together.
15:58
Speaker 4: I just think not everybody carry a coin, so like,
16:01
Speaker 4: what do you do?
16:01
Speaker 3: You know what? We're gonna make that as merch. We're
16:03
Speaker 3: gonna make those coins for your your keys, so that
16:07
Speaker 3: you'll never be without me or without a coin for
16:10
Speaker 3: the trolley.
16:10
Speaker 4: It's just your face on a coin.
16:12
Speaker 3: Do you know what viccoin? Or what was it? Yeah? Viccoin?
16:16
Speaker 3: Or what have we made last time? But it's actually
16:18
Speaker 3: coming to real life and it's a grocery trolley coin,
16:20
Speaker 3: not bitcoin?
16:21
Speaker 4: All right.
16:22
Speaker 3: I have a last one. This one isn't from beck
16:24
Speaker 3: it is actually I've just gone with another community one
16:26
Speaker 3: because I thought it was really good. This one's from
16:28
Speaker 3: Bianca and she said I recycle all my empty beauty
16:31
Speaker 3: and skincare containers at Sephora. In turn, I'm then given
16:35
Speaker 3: points on my beauty Pass account. When you accumulate enough points,
16:39
Speaker 3: you can trade them in for rewards. If you have
16:42
Speaker 3: five hundred points, you can actually get ten percent off
16:44
Speaker 3: your purchase.
16:46
Speaker 4: This is life changing for me because I don't know
16:48
Speaker 4: if you know this, I've been I don't even know
16:51
Speaker 4: why I've been holding onto every empty product I've used
16:54
Speaker 4: for probably the last eighteen months. Why it started as
16:57
Speaker 4: a like I want to see what I'm actually using,
17:00
Speaker 4: spiraled into hoarding. Yeah, it's I have a whole shelf
17:03
Speaker 4: in my bathroom cupboard that like you open it things
17:06
Speaker 4: like youture it bags, bags of stuff, just empty stuff.
17:10
Speaker 3: So if I came to your house and I was like, huh,
17:12
Speaker 3: I'm going to raides this beauty cupboard and then I
17:14
Speaker 3: like scoop it all in take my bag home, I
17:17
Speaker 3: would be so disappointed.
17:19
Speaker 4: I'll post a photo somewhere because I have so.
17:21
Speaker 3: Many and content of stuff you used and actually like.
17:25
Speaker 3: But I really should because I always say, can you
17:27
Speaker 3: not do you? You know you don't, but you need
17:30
Speaker 3: to be like these are my beauty empties, because that's
17:32
Speaker 3: the content I want to see. I don't want to
17:33
Speaker 3: be like, here's my brand new eyes shadow I just
17:36
Speaker 3: got I love it. Sorry, did you actually use it?
17:38
Speaker 3: Is this worth the investment? Is this the money win?
17:40
Speaker 4: I'll do that. I'm going to do that on TikTok
17:42
Speaker 4: and then I'm going to take it to Sephora and
17:43
Speaker 4: get points because I didn't know what to do with
17:45
Speaker 4: it because you can't put it in the bin to
17:46
Speaker 4: recycle it. What. Yeah, most beauty product components are not
17:50
Speaker 4: like normal recyclable. You have to dispose of them, which
17:53
Speaker 4: is the other reason I've been hoarding them is because
17:55
Speaker 4: I was like, oh, I know, I need to take
17:57
Speaker 4: them to like a specific place.
17:58
Speaker 3: I was like, girl, your deu Lulu turns you're just
18:00
Speaker 3: actually a better person than me and you're basically Captain Planet.
18:03
Speaker 3: Because I could, I've been just putting it in the
18:07
Speaker 3: recycling I just put.
18:08
Speaker 4: A bit of bag. We'll take them to support.
18:10
Speaker 3: I don't go through my bins. I would not win
18:12
Speaker 3: any type of community or like council award Jess would
18:15
Speaker 3: though you would you win Captain Plannet. And on that note,
18:20
Speaker 3: all right, let's go to a really quick break because
18:22
Speaker 3: on the flip side. We're going to be talking about
18:24
Speaker 3: how to prepare for dropping down to one income for
18:27
Speaker 3: maternity leave. And then something that you slid into our
18:29
Speaker 3: dms about is it about idea to prioritize travel as
18:33
Speaker 3: a money goal over purchasing a house. Guys, don't go anywhere.
18:41
Speaker 4: Welcome back, everybody. Let's take a listen to this week's
18:44
Speaker 4: money dilemma.
18:47
Speaker 3: Hi, there, have you got a money dilemma you just
18:49
Speaker 3: can't solve? The Sheese on the Money team is here
18:52
Speaker 3: to help. Every week we tackle your dilemmas, both big
18:55
Speaker 3: and small, to answer your most burning money, career and
18:58
Speaker 3: life questions. To get him, simply head to our website
19:01
Speaker 3: and leave us a short voice recording and you might
19:03
Speaker 3: just find yourself on the show. Now, let's take a
19:06
Speaker 3: listen to this week's money dilemma.
19:10
Speaker 5: Hi, Shoes on the Money. I was just wondering if
19:13
Speaker 5: you could do a segment on preparing for maternity leave.
19:16
Speaker 5: So we're planning to fell pregnant within the next twelve
19:19
Speaker 5: months and we're kind of looking at how to manage
19:22
Speaker 5: our finances by coming back onto one income and how
19:26
Speaker 5: to just balance everything there. If you have any advice
19:30
Speaker 5: that would be greatly appreciated. Thank you.
19:32
Speaker 4: Not that I've had to deal with it before, but
19:34
Speaker 4: I would say my best guess would be start living
19:38
Speaker 4: off of one income. Now, while you don't have to
19:40
Speaker 4: do a good well, you've got a luxury of knowing
19:44
Speaker 4: that you've got the money that you can fall back on.
19:46
Speaker 4: Because I think it's like a double win, right, you
19:48
Speaker 4: will figure out how much you actually do need to live. So, like,
19:50
Speaker 4: redo your budget. You know, on the assumption that this
19:53
Speaker 4: is how much we've got coming in from the one income,
19:55
Speaker 4: try it us to live off that. There's probably going
19:57
Speaker 4: to be some teething where you go, oh, we thought
19:59
Speaker 4: we could spend fifty bucks a week on takeaway. It
20:01
Speaker 4: turns out it's actually more like seventy. Make your adjustments,
20:04
Speaker 4: but then all the money that you save put aside
20:07
Speaker 4: so that you can then maybe pay some of that
20:09
Speaker 4: into you know, top up your super if there's a
20:12
Speaker 4: gap between the government payment, or you know, just as
20:14
Speaker 4: an emergency fund or for things for baby or whatever
20:17
Speaker 4: you need. Like it kind of gives you those extra
20:19
Speaker 4: savings too. But honestly, I don't really know what that
20:22
Speaker 4: looks like.
20:23
Speaker 3: I'd be reviewing your contracts so like right now you're in,
20:26
Speaker 3: I would say, a pretty powerful position. You're not pregnant, yeah,
20:30
Speaker 3: which means you've got all this planning time, and you
20:32
Speaker 3: said we're planning on getting pregnant in the next twelve months,
20:35
Speaker 3: and I just want to address you know, I guess
20:38
Speaker 3: the elephant that exists when you talk about planning pregnancy
20:40
Speaker 3: is that it might not be smooth. But like, let's
20:42
Speaker 3: pretend it is. We're hoping it will be. Yeah, we
20:45
Speaker 3: are manifesting that energy that when you get pregnant it
20:48
Speaker 3: was because that was the time you wanted to and
20:49
Speaker 3: it was all smooth and sunshine and roses. But I
20:52
Speaker 3: think good suggestion going back to one income or even
20:56
Speaker 3: just trying to budget and save as much as possible.
20:59
Speaker 3: I also want you to do a maternity leave budget,
21:02
Speaker 3: because I think so many of us go, oh, well,
21:04
Speaker 3: we will, you know, just be really frugal during that time.
21:08
Speaker 3: But I would say the fourth trimester, so like you
21:10
Speaker 3: have three trimesters where you're pregnant, and then you have
21:12
Speaker 3: the first twelve weeks of having a baby at home,
21:14
Speaker 3: and that is for some people glorious, for others really rough.
21:19
Speaker 3: And I was a mix of both like your hormones
21:22
Speaker 3: are surging. Everything is so hard. I cried so much,
21:26
Speaker 3: like and sometimes my husband would be like, why are
21:30
Speaker 3: you crying and it'd be like, I'm now crying because
21:33
Speaker 3: you don't know why I'm crying. And it was just
21:36
Speaker 3: a chaos period, right. But something that I learnt really
21:40
Speaker 3: quickly and thankfully as a financial advisor, I have always
21:43
Speaker 3: allocated for my clients is like, have I got money
21:46
Speaker 3: in the bank that I can go for a morning
21:48
Speaker 3: walk and get a coffee comfortably? You do not need
21:51
Speaker 3: the guilts at that period of time where you're like oofed,
21:54
Speaker 3: we're on one income. I don't want to be going
21:56
Speaker 3: to the cafe and quote wasting money. To me, that
21:59
Speaker 3: was like a massive achievement if I got out of
22:01
Speaker 3: the house, especially once my husband had gone back to work,
22:05
Speaker 3: If I got out of the house and got myself
22:08
Speaker 3: a coffee or a little sweet treat, do you know
22:10
Speaker 3: what that was worth it? So, like, what does that
22:12
Speaker 3: budget potentially look like? If you don't use it, money win,
22:16
Speaker 3: If you do use it, mental health win. Everybody wins
22:19
Speaker 3: in this situation. So we're not just looking at like
22:22
Speaker 3: what are your life expenses or your rent or your mortgage,
22:25
Speaker 3: Like are the additional things that you want to be doing?
22:27
Speaker 3: Like are your electricity bills going to increase? Because you know,
22:31
Speaker 3: maybe you do know what month your baby is going
22:33
Speaker 3: to be born in it's the middle of winter, and
22:35
Speaker 3: like for me, that was something that I didn't anticipate.
22:39
Speaker 3: I'm now home twenty four seven, and unlike Jess, who
22:42
Speaker 3: is very good with the electricity, I think you would
22:45
Speaker 3: change too if you had a baby.
22:46
Speaker 4: Because you have to keep it a certain temperature.
22:47
Speaker 1: Yea, Like all of.
22:48
Speaker 3: A sudden, all I cared about was making sure that
22:51
Speaker 3: my house was perfect twenty one twenty two degrees for
22:53
Speaker 3: this baby, because that's what I'd been told. And like historically,
22:56
Speaker 3: if I was just home alone, I'd just have the
22:58
Speaker 3: heating off until my husband got home, socks on, grab
23:00
Speaker 3: a jumper. You don't do that with a baby. You know,
23:03
Speaker 3: what are your electricity costs likely to look like? Also
23:06
Speaker 3: on the flip side, if it's the middle of summer,
23:09
Speaker 3: are you using your air con a lot? So just
23:11
Speaker 3: having these little conversations about what that would mean. Also,
23:15
Speaker 3: budgeting for baby is going to be so different for everybody,
23:19
Speaker 3: and like everybody's got an opinion on how this works.
23:22
Speaker 3: We've done an episode on budgeting for baby. We're going
23:24
Speaker 3: to do another one soon now that I've especially had
23:27
Speaker 3: a baby. But some of us have a lot of support.
23:31
Speaker 3: Some of us have an older sibling who gives you
23:34
Speaker 3: the cot, the hammy down outfits, you're doing cloth nappies,
23:37
Speaker 3: and you're a perfect breastfeeder. It's not going to cost
23:41
Speaker 3: you a lot. You also go through the public system,
23:43
Speaker 3: or on the flip side, it could be like myself,
23:46
Speaker 3: thankfully I had the financial privilege to like fund this,
23:50
Speaker 3: but like we decided to go through the private system.
23:52
Speaker 3: I don't have any siblings or older friends who had
23:56
Speaker 3: cots and lots of handy downs, So all of the
23:59
Speaker 3: stuff that I acquiring was new. So my budget obviously
24:02
Speaker 3: had to be a little bit bigger when it came
24:03
Speaker 3: to setting up for a baby. But there's still going
24:06
Speaker 3: to be those costs that you can't avoid, So what
24:08
Speaker 3: do they look like? How's that going to work? But
24:11
Speaker 3: the idea that you would not only have an emergency
24:13
Speaker 3: fund but also a maternity fund, I think is really good.
24:17
Speaker 3: And we're looking back at the conversation I was having
24:19
Speaker 3: before at your contracts, So you know, I might, let's
24:23
Speaker 3: say Jesse and I were having a baby together, I
24:25
Speaker 3: might look at your leave contract and be like, okay, well,
24:27
Speaker 3: this is what your workplace gives you from an eternity leave.
24:31
Speaker 3: What's the parental leave policy at my husband's job? Like
24:34
Speaker 3: what do those things look like? Because for even my
24:37
Speaker 3: husband and I went planning that, I was like, oh,
24:39
Speaker 3: you actually have a really good parental leave policy that
24:42
Speaker 3: we could definitely lean on a bit more. Are you
24:46
Speaker 3: planning on taking time and my husband always wanted to
24:48
Speaker 3: do this, but are you planning on taking some time off?
24:52
Speaker 3: If so, how do we make the most of that?
24:54
Speaker 3: At what point is the best time for you to
24:56
Speaker 3: take off? Is it from me going on maternity leave?
24:59
Speaker 3: Is it when the bay becomes is it? You know
25:01
Speaker 3: you take a month now, and then later down the
25:04
Speaker 3: track you might take some more time. Like how's that
25:07
Speaker 3: action exactly? How's that going to work for you guys?
25:10
Speaker 3: And what does that balance look like? But then also
25:13
Speaker 3: when you're planning on going back to work, so like
25:15
Speaker 3: maternity leave, yes, you're planning for not having any any
25:19
Speaker 3: second income. You're on one income, which I'm assuming you
25:23
Speaker 3: know you're like, how do I budget for this for
25:25
Speaker 3: that period, because I'm assuming that you're planning on returning
25:27
Speaker 3: to work. What does return to work.
25:29
Speaker 4: Costs look like?
25:31
Speaker 3: Have you looked at daycares? Do you know what daycare
25:33
Speaker 3: in your area looks like? What subsidies are you able
25:36
Speaker 3: to access? What type of family support can you can
25:40
Speaker 3: you not like be reliant on? So maybe not having
25:43
Speaker 3: those conversations because you don't want to bring up to
25:45
Speaker 3: your mum that you're trying to have a baby. But
25:48
Speaker 3: what would that look like? Because your whole budget once
25:51
Speaker 3: you have kids changes and that can look very different
25:53
Speaker 3: for different people, And I don't want you to just
25:56
Speaker 3: focus on that, you know, first twelve weeks or first
25:58
Speaker 3: six months or first twelve months when your budget in
26:02
Speaker 3: general is going to significantly change.
26:04
Speaker 4: Yeah, and then I guess you're probably once the baby's born,
26:07
Speaker 4: even before they want to start contributing or if you
26:09
Speaker 4: can putting money aside for like future school fees or futures.
26:13
Speaker 3: It's chaos, isn't it.
26:14
Speaker 4: Yeah, there's a lot to think about, but there's probably
26:16
Speaker 4: some really good budgets out there that account for those.
26:18
Speaker 3: Things absolutely, like a free one on the She's on
26:21
Speaker 3: the Money website that you could just download that has
26:23
Speaker 3: a whole kids section. Amazing exactly. I wish I'd thought
26:26
Speaker 3: of that myself.
26:28
Speaker 4: Exactly right, But yeah, very exciting. Congratulations, it's a really
26:32
Speaker 4: exciting time.
26:32
Speaker 3: Budget, I think is the outcome. And also communicate with
26:35
Speaker 3: your partner what are their expectations? How are you going
26:38
Speaker 3: to be managing money? Something that comes up as well,
26:40
Speaker 3: and I'm just yapping on, is actually you feeling if
26:44
Speaker 3: you're the person going on maternity leave like that you're
26:46
Speaker 3: spending your partner's money. It's not it's a household income,
26:50
Speaker 3: like you're taking a sacrifice. Also, can we please talk
26:53
Speaker 3: about superannuation? What's that going to look like? How are
26:55
Speaker 3: we going to be making sure that if I'm taking
26:58
Speaker 3: a year of maternity leave. I'm not completely off because
27:01
Speaker 3: the government doesn't actually provide maternity leave cover for that
27:04
Speaker 3: period of time, but Sexy, they do now give you
27:08
Speaker 3: supernuation on your matt leave pay from the government. We
27:11
Speaker 3: love that, we love to see it, but it might
27:13
Speaker 3: not be at your salary expectations.
27:15
Speaker 4: Yeah, so what do you need to do to make up?
27:17
Speaker 3: We got well, we could salary split. That's crazy, partner.
27:21
Speaker 4: Lots of conversations have keep an eye up with that
27:22
Speaker 4: baby episode coming soon?
27:24
Speaker 3: Would you like to hear a cheeky DM?
27:26
Speaker 4: We got absolutely all right.
27:28
Speaker 3: Hi, she's on the money. I have a money dilemma
27:30
Speaker 3: and would love some advice. My partner wants to buy
27:33
Speaker 3: a house or apartment together next year. I want this
27:36
Speaker 3: too in brackets eventually, but travel is so important to me.
27:40
Speaker 3: I know traveling will be incredibly difficult once we are
27:43
Speaker 3: locked into a mortgage. My question is traveling while having
27:47
Speaker 3: a mortgage a bad idea? I know financially, I should
27:50
Speaker 3: probably just throw everything we have at it financially, but
27:54
Speaker 3: I also want to see the world while I'm young.
27:56
Speaker 3: Am I stupid for wanting my cake and to be
27:59
Speaker 3: able to eat it too? I would love your tips.
28:01
Speaker 4: I think it's so dependent on your personal financial situation,
28:04
Speaker 4: because if you're earning fifty thousand dollars a year, paying
28:08
Speaker 4: a mortgage and traveling might be a little bit tricky.
28:11
Speaker 4: But if you're earning one hundred and fifty thousand dollars
28:13
Speaker 4: a year, it's probably something that's a lot more achievable. Yeah,
28:16
Speaker 4: it also really depends on I know that you've said
28:19
Speaker 4: you want to see the world, so to me, that
28:21
Speaker 4: kind of implies international travel, and it really depends on
28:24
Speaker 4: where you want to go, you know, countries close to
28:26
Speaker 4: Australia as countries further away First world verse third world, Like,
28:30
Speaker 4: there's lots of factors that are going to impact how
28:33
Speaker 4: expensive it will be for you to travel. I would
28:36
Speaker 4: say that if that's something that you want to prioritize,
28:38
Speaker 4: that's totally okay, but you need to talk to your
28:40
Speaker 4: partner about it because it sounds like they're operating on
28:43
Speaker 4: the assumption that you're doing this together, like purchasing this
28:46
Speaker 4: home together, and it sounds like you're not quite there.
28:50
Speaker 4: You said you it's something you want to do eventually,
28:52
Speaker 4: but you don't want to do it now, and it
28:53
Speaker 4: sounds like maybe your partner is pushing to get it
28:55
Speaker 4: done sooner than later, which is totally fine that you
28:58
Speaker 4: both have different priorities, but if your partner's operating on
29:01
Speaker 4: the assumption that you'll be doing it together in the
29:03
Speaker 4: next five years, for example, like they've probably built their
29:06
Speaker 4: long term plan around that, and if that's not something
29:09
Speaker 4: you want to commit to, you've kind of got to
29:11
Speaker 4: let them know because that's her job to impact what
29:14
Speaker 4: their plans are. How soon they can do it all
29:16
Speaker 4: those types of things. So it's definitely not a bad thing.
29:20
Speaker 4: Like you're allowed to want to prioritize whatever you want.
29:22
Speaker 4: You know, whatever is important to you is good and okay,
29:26
Speaker 4: but you just I think, need to be conscious of
29:28
Speaker 4: the way that that will then impact your partner. Yeah,
29:31
Speaker 4: and it is totally doable, Like you can absolutely travel
29:35
Speaker 4: and pay a mortgage, but again it comes down to
29:37
Speaker 4: like what are your lifestyle expenses? Like, if travel is
29:41
Speaker 4: something you want to prioritize, does that mean that you
29:43
Speaker 4: would not be able to afford eating out with friends
29:45
Speaker 4: or buying new clothes or you know, Like, there's lots
29:48
Speaker 4: of ways that you can juggle your budget. We've spoken
29:50
Speaker 4: before about how everybody has different priorities and different things
29:53
Speaker 4: that they care about, and there's no right or wrong
29:56
Speaker 4: way to organize all of that. But you need to
29:59
Speaker 4: do some reflection figure out like is it achievable for
30:01
Speaker 4: you with what you earn, with what you want to do,
30:04
Speaker 4: and with the lifestyle sacrifices that you may or may
30:08
Speaker 4: not have to make.
30:08
Speaker 3: Yeah, I agree. The other thing I would be doing
30:11
Speaker 3: is talking to a mortgage broker about what these scenarios
30:14
Speaker 3: actually look like because a lot of the time I
30:17
Speaker 3: speak to people literally weekly and they're like, we want
30:19
Speaker 3: to buy next year, and then we find that that's
30:21
Speaker 3: actually not feasible. Pipe dream, so fantastic, you thought you
30:24
Speaker 3: could buy, but you know the deposit that you've saved
30:27
Speaker 3: is simply not enough for you know, you're actually not
30:29
Speaker 3: on the same page about what you're purchasing. And then
30:32
Speaker 3: having a good conversation with a broker is going to
30:34
Speaker 3: do two things right. You're going to work out what
30:36
Speaker 3: your borrowing capacity is and like, let's just pretend between
30:39
Speaker 3: you and your partner and just for clean numbers sakes
30:41
Speaker 3: both of you together, you can borrow a million dollars. Fantastic,
30:45
Speaker 3: very sexy, very nice. What are the repayments on that
30:48
Speaker 3: million dollars looking like each and every single month? And
30:50
Speaker 3: how does that impact your lifestyle? And what does that
30:54
Speaker 3: then look like for the rest of the lifestyle that
30:57
Speaker 3: you want to achieve. So are we talking to our
30:58
Speaker 3: partner about not maybe pushing off, Like, let's pretend your
31:02
Speaker 3: partner is reasonable in saying we can afford to buy
31:04
Speaker 3: next year, Jessica, and you go, yes, no worries. What
31:07
Speaker 3: does life look like to them? Have you had a
31:09
Speaker 3: bit of a brainstorm together about well, you know, what
31:12
Speaker 3: are we happy to sacrifice? What are we not happy
31:14
Speaker 3: to sacrifice? Like I remember when my husband and I
31:17
Speaker 3: were buying, we had a borrowing capacity above what we
31:20
Speaker 3: actually purchased for because, like both of us were like, oh,
31:24
Speaker 3: we still want to eat out, we still want to
31:26
Speaker 3: have travel, we still want to have all of these things.
31:29
Speaker 3: So we lowered what we borrowed and what our quote
31:32
Speaker 3: limit was not because that's what the bank said we
31:34
Speaker 3: could borrow, but that's what we said we could borrow
31:37
Speaker 3: based on the lifestyle we wanted to achieve, And so
31:40
Speaker 3: I think that's really important as well. So what does
31:43
Speaker 3: your partner think, Like, are they planning on purchasing and
31:46
Speaker 3: they just still think travel is going to be slotting
31:49
Speaker 3: in there absolutely fine? Or are they like, oh my goodness, Jess,
31:52
Speaker 3: I never actually thought about this. You're right, like, we'll
31:55
Speaker 3: be living on rice and beans for the rest of
31:57
Speaker 3: our life if we take on that mortgage. And maybe
31:59
Speaker 3: the decision is to save for a little bit longer
32:02
Speaker 3: so you have more deposit, or maybe it is to
32:04
Speaker 3: reset expectations around the type of property that you purchase,
32:07
Speaker 3: so you can absolutely have your cake and eat it too,
32:10
Speaker 3: But when it comes to finances, everything is about compromise.
32:13
Speaker 3: So like, yes, you could travel the entire world and
32:16
Speaker 3: go on luxury cruises and only travel to first world
32:19
Speaker 3: countries for the rest of your life, but that is
32:21
Speaker 3: going to come at a cost. But you could also
32:24
Speaker 3: reasonably go, Okay, well, we really want to travel together
32:29
Speaker 3: as a couple, it's a value of ours. We also
32:31
Speaker 3: really want to buy a house. How do we buy
32:33
Speaker 3: a house but also still have the cash flow to
32:35
Speaker 3: afford an eight to ten thousand dollars holiday every year? Okay, well,
32:39
Speaker 3: maybe that doesn't work. How do we have the eight
32:42
Speaker 3: to ten thousand dollars holiday every two years? Is that
32:45
Speaker 3: what you're happy to commit to? Like, what does that
32:47
Speaker 3: look like? Also, let's take a step back. What's your
32:50
Speaker 3: earning potential into the future. Is that going to change?
32:53
Speaker 3: Is your lifestyle going to change?
32:55
Speaker 4: Are you factoring in inflation?
32:56
Speaker 3: Are you factoring in any of the life choices that
32:59
Speaker 3: you make, Like, babies aren't for everybody, But if that's
33:02
Speaker 3: a part of your lifestyle decision, maybe that's why you're like,
33:05
Speaker 3: I really want to see with the world while I'm young,
33:06
Speaker 3: because I can't think of anything worse than a toddler
33:09
Speaker 3: in Europe, you know.
33:10
Speaker 5: Like fair.
33:11
Speaker 3: I just want to experience that on my own. So
33:13
Speaker 3: I think it's all about open communication, which is hilarious
33:16
Speaker 3: because that's what we always talk about. But if your
33:18
Speaker 3: partners like, really want to purchase next year, and you're like, oh,
33:22
Speaker 3: I do really want that, but I also have this
33:24
Speaker 3: other value. Let's bring it up, Let's have a wine,
33:27
Speaker 3: let's have a date night.
33:28
Speaker 4: Yeah, And now it's a good time to talk about
33:29
Speaker 4: it because you haven't committed to anything. It's not at
33:32
Speaker 4: all out now before you start making choices.
33:34
Speaker 3: And you can get a budget together now, So like
33:37
Speaker 3: you can google mortgage calculator and basically every single bank
33:41
Speaker 3: and credit union has a free one on their website,
33:43
Speaker 3: and you can put in what your loan would be,
33:45
Speaker 3: what your deposit is looking like, and it will tell
33:47
Speaker 3: you what your average monthly repayments on that kind of
33:50
Speaker 3: look like. Please don't take that stuff as gospel. It's
33:53
Speaker 3: just for conversation beforehand, because every loan is going to
33:56
Speaker 3: look different based on the interest rate, based on like
33:59
Speaker 3: the loan term, based on so much stuff, whether you
34:01
Speaker 3: have ELEMI no elamite whatever, but use those as kind
34:05
Speaker 3: of guides be like, oh, okay, well I didn't realize
34:08
Speaker 3: that would cost us six thousand dollars a month. Yeah,
34:11
Speaker 3: did your partner know that? Do you know what I mean? Like,
34:14
Speaker 3: sometimes these things are so aspirational and we're so excited
34:17
Speaker 3: that we forget to get into the semantics, and then
34:19
Speaker 3: that's where we shoot ourselves in the foot. So google it,
34:22
Speaker 3: work it.
34:22
Speaker 4: Out, whatever we else say.
34:24
Speaker 3: So we asked a few questions before I asked them
34:26
Speaker 3: for their two cents. First question was what would you
34:29
Speaker 3: prioritize in this situation? So fifty eight percent of you
34:32
Speaker 3: said travel lightly or paying the mortgage, thirty three percent
34:37
Speaker 3: said delay the house, go see the world, and ten
34:39
Speaker 3: percent of you said house first, travel later.
34:42
Speaker 4: Interesting.
34:43
Speaker 3: And then we asked what would you do if your
34:45
Speaker 3: timeline for financial goals was different to your partners? And
34:49
Speaker 3: a whopping eighty eight percent of you said, I would
34:52
Speaker 3: find a compromise. I kind of love that because it's like, for.
34:55
Speaker 4: A second I thought you were going to say they
34:56
Speaker 4: were going to say break up.
34:57
Speaker 3: My heart dropped. Oh my god, I thought it with
35:00
Speaker 3: financial advice, not like relationship advice. Maybe I should. So
35:04
Speaker 3: there's this like content creator online that I send a
35:07
Speaker 3: lot of videos to you of His name's Caleb Yep.
35:11
Speaker 3: So his name's Caleb Hammer And if you haven't looked
35:13
Speaker 3: him up on TikTok do, because he's everything I've always
35:16
Speaker 3: wanted to be. But like, also I would never he's
35:20
Speaker 3: so aggressive with So he does a podcast called Financial
35:23
Speaker 3: Audit and maybe one day somehow we could manifest getting
35:27
Speaker 3: him on our show.
35:28
Speaker 4: That would be cool.
35:28
Speaker 3: But he does like unhinged money diaries. Basically he does
35:32
Speaker 3: these like audits of people's finances and he'll be like,
35:36
Speaker 3: what the hell are you doing, Jess, And like I
35:39
Speaker 3: cannot get enough of these people that are going on
35:41
Speaker 3: his show and putting their hands up and being like
35:44
Speaker 3: I'd love to be non anonymously, like I'll put my
35:46
Speaker 3: name to this on your show. And then she's in
35:49
Speaker 3: forty thousand dollars worth of debt because she bought La
35:51
Speaker 3: Boo Boos.
35:52
Speaker 4: They're volunteering to be rastered.
35:53
Speaker 3: They are volunteering exactly, and it just I go, what
35:57
Speaker 3: the hell? Or like they'll be like, yeah, my husband
36:00
Speaker 3: and like does all of these terrible financial things, and
36:02
Speaker 3: he's like, divorce him and I'm like, oh my god,
36:05
Speaker 3: can you imagine saying that doesn't anyway? It is so
36:07
Speaker 3: unhinged that I can't get enough of it. I think
36:10
Speaker 3: my other favorite one was this girl being like, well,
36:11
Speaker 3: I shouldn't have to work, I'm beautiful, And I was like,
36:14
Speaker 3: I wasn't made to work. What's going on? Like what
36:17
Speaker 3: he's going on anyway? Clearly not she's on the money coded,
36:21
Speaker 3: but like when it comes to like finance content, I
36:24
Speaker 3: love it because he's so savage.
36:26
Speaker 4: He says. I feel like he's like the little voice
36:28
Speaker 4: in your head, you know, like I'm sure that I've shown,
36:30
Speaker 4: especially in the early days, like said or shown some
36:32
Speaker 4: things to you where like your internal monologue was probably
36:34
Speaker 4: like girl, get it together, Like what are you doing?
36:37
Speaker 3: But like I say, like in a kind way, though,
36:39
Speaker 3: I'll be like, oh, do you really think that that's
36:41
Speaker 3: really helping you or whatever? But like he says the thoughts,
36:45
Speaker 3: he's like what the air for? What are you doing?
36:48
Speaker 3: Like there was a couple on the show the other
36:49
Speaker 3: day and he was like, why are you two together?
36:52
Speaker 3: He's awful? Or like this other girl was on the
36:56
Speaker 3: show and to the husband, he literally said in the
36:59
Speaker 3: three years of doing this podcast. I've never met someone
37:02
Speaker 3: more dislikable. What do you like about this woman? And
37:04
Speaker 3: I was like, I would die, I would cry anyway.
37:08
Speaker 3: So that's clearly not what our show is about. But
37:11
Speaker 3: I'm glad that most of our community would find a
37:13
Speaker 3: compromise not break up with their partner.
37:15
Speaker 4: Jess.
37:15
Speaker 3: Seven percent said that they would pause the goal until
37:18
Speaker 3: you're both ready, and five percent said no, I'm sticking
37:20
Speaker 3: to my own plan. The you live love laugh queens.
37:23
Speaker 3: We then said, guys, what is your two cents? First
37:27
Speaker 3: person and I've just got like a little selection as always.
37:29
Speaker 3: First person said, you can definitely travel with a mortgage.
37:32
Speaker 3: I do, just don't borrow more than you can manage
37:36
Speaker 3: can be done. Next person said extending trips would allow
37:39
Speaker 3: for renting out the home whilst paying the mortgage.
37:42
Speaker 4: I'll just.
37:44
Speaker 3: Exactly, I didn't even think of that. Next person said,
37:48
Speaker 3: start a side gig so that you can pay for
37:49
Speaker 3: your travel. I mean, why not, hustle queen? Next person,
37:54
Speaker 3: you will never regret traveling and making memories. And then
37:57
Speaker 3: I have another one. We had buckets for travel, deposit,
38:00
Speaker 3: and wedding. We ticked all of our goals off. We
38:02
Speaker 3: just had to make adjustments along the way.
38:04
Speaker 4: It's exactly what you were saying.
38:05
Speaker 3: Another person said, I'm fifty one and missed traveling the
38:09
Speaker 3: world due to a mortgage. Please travel now, mortgage later.
38:13
Speaker 4: There you go some insight from someone who's lived in yelp.
38:16
Speaker 3: And then I've got a two parter. So this person said,
38:18
Speaker 3: I bought a house three years ago now on a
38:21
Speaker 3: single income. It took a little while before I could
38:24
Speaker 3: afford a trip again, but I kept saving and this
38:26
Speaker 3: year I went to Canada for four weeks. Oh that's
38:29
Speaker 3: so exciting, I know, right. So, like, I think it's
38:31
Speaker 3: just about communicating, either with yourself or with your partner,
38:34
Speaker 3: like what's the goal here? Can we still do these things?
38:36
Speaker 3: It's like, yes, we can do everything, we just can't
38:39
Speaker 3: do everything at once.
38:41
Speaker 4: Be realistic.
38:42
Speaker 3: And I have two more for you before I wrap
38:43
Speaker 3: it up. This one says I just broke up with
38:45
Speaker 3: my boyfriend over this. Actually, oh, we couldn't come to
38:48
Speaker 3: a compromise. Well, I mean, if.
38:50
Speaker 4: Your goals don't align financially, like that's a pretty big thing.
38:53
Speaker 3: That's massive. And also know your worth and know what
38:57
Speaker 3: you want. And I'm like, you know, don't just break
38:59
Speaker 3: up with somebody over one thing. I'm not Caleb Hammer.
39:02
Speaker 3: I can't just say that. But I also think that
39:04
Speaker 3: there's probably some more deep rooted issues there and like
39:07
Speaker 3: these things where you can't compromise or like I can't
39:10
Speaker 3: want you to achieve your goals. Yeah bye boy.
39:13
Speaker 4: Yeah absolutely.
39:14
Speaker 3: And the last one I've got is whatever you do
39:16
Speaker 3: travel before the kids come along. It's so much cheaper
39:19
Speaker 3: when you're only planning for two hashtag money hack up
39:22
Speaker 3: there you go, Oh my god. It actually is like
39:24
Speaker 3: as somebody who's just gotten back from Bali with a
39:27
Speaker 3: kid who's eighteen months old. I loved it, but my
39:31
Speaker 3: husband and I were talking about what are we going
39:32
Speaker 3: to do when we have to buy him his own
39:33
Speaker 3: plane seat?
39:34
Speaker 4: Yeah?
39:35
Speaker 3: Expensive, little Once they're two, they become a full adult
39:38
Speaker 3: when it comes to flying. So anyway, enjoy it while
39:42
Speaker 3: they're young we can. All right. That is all from
39:44
Speaker 3: us this week. I feel like this has been a
39:47
Speaker 3: good wrap up. We miss Beck, but she'll be back soon. Guys.
39:49
Speaker 3: Don't worry. Until then, we will have a bright and
39:52
Speaker 3: early money diary for you on Monday. See you hi, guys.
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Speaker 3: The advice shared on She's on the Money is general
40:04
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