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FRIDAY DRINKS: Super(annuation) heroes! · She's On The Money

0:00
Speaker 1: She's on the Money. She's on the Money.
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Speaker 2: Hello, and welcome to She's on the Money, the podcast
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Speaker 2: for millennials who want financial freedom. Welcome back to another
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Speaker 2: one of our Friday Drinks episodes where we celebrate the
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Speaker 2: money wins from our community. Each and every single week.
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Speaker 2: There are always so many great money wins and stories
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Speaker 2: in our community, and this is our time to share
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Speaker 2: them and have a chat about them and also catch
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Speaker 2: up on what's been going on with the team for
0:39
Speaker 2: the week. So let's jump straight into it, Tony Lodge.
0:44
Speaker 2: That's what happened on Money Diaries this week.
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Speaker 3: So this week was a bit of a different vibe
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Speaker 3: for our Money Diaries. Often we hear stories about what
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Speaker 3: people have been through and how they've come out on
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Speaker 3: the other side and how they're doing amazing now and
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Speaker 3: all of that. You kind of hear the happy end
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Speaker 3: of the stories. And this week we chatted to someone
1:03
Speaker 3: who is like dead in the middle of her story.
1:05
Speaker 3: So she she had a business and it was thriving,
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Speaker 3: but she found out she wasn't paying tax, she wasn't
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Speaker 3: paying super so she got a massive tax bill and
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Speaker 3: all these things that she didn't really know about because
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Speaker 3: there's no manual to be this is how you start
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Speaker 3: a small business unless you listen to the business Bible.
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Speaker 2: Yeah, nobody is ever going to have these issues ever again, obviously.
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Speaker 3: But she's twenty seven, She's got like fifty dollars and
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Speaker 3: that's it. She's kind of like restarting her professional life.
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Speaker 2: But how positive was she. She was honestly one of
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Speaker 2: the best money diarists because she was like, nah, but
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Speaker 2: I've learned so much and I am taking it all
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Speaker 2: with in Mestode, still in debt, still paying it.
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Speaker 3: Off, but better things are coming.
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Speaker 2: Yeah, Like imagine going through all of that and still
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Speaker 2: being arguably what people would say is in the midst
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Speaker 2: of it, still being like yep, but better things are coming,
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Speaker 2: and I've got my stuff sorted out, I have a
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Speaker 2: plan and i can see the light at the end
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Speaker 2: of the tunnel. It was just I loved it and
2:01
Speaker 2: I loved her, and I just felt like she was
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Speaker 2: one of our people, Tony.
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Speaker 3: And at the end, I said, oh, do you think
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Speaker 3: you'd ever go back into business? And she said, yeah,
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Speaker 3: I think I would. You know, And you don't You
2:12
Speaker 3: don't hear that a lot, you know, kind of yeah,
2:15
Speaker 3: you get exactly you get burned when you do something
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Speaker 3: and then you're like, well, I'm not gonna try That
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Speaker 3: went terribly, but yeah, she was super positive. So and
2:24
Speaker 3: in the show, not as I actually put, Prepare to
2:26
Speaker 3: be empowered. And it's so true because if you haven't
2:30
Speaker 3: listened to it, go back and listen to it.
2:31
Speaker 2: I really really loved it. Jess. This week's Deep Dive,
2:35
Speaker 2: I heard her a bit of a different feature had
2:37
Speaker 2: me it did? Have you? What did we talk about
2:40
Speaker 2: this week?
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Speaker 4: So we had a really interesting chat about the psychology
2:44
Speaker 4: behind saving and spending because obviously, Victoria, you have your
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Speaker 4: degrees after you in psychology, so I think you're kind
2:51
Speaker 4: of uniquely positioned to comment on that because you kind
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Speaker 4: of bridge the two worlds between finance and psychology, and
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Speaker 4: psychology impacts so much of what we do that we
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Speaker 4: maybe don't realize. Marketing is so strategic and clever. And
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Speaker 4: we spoke about the different personality types when it comes
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Speaker 4: to your money, and that.
3:09
Speaker 2: We feel like we might have got a bit off track.
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Speaker 5: Is that why the whole team had to do the
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Speaker 5: Myers Briggs test?
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Speaker 2: Yeah? And do you know what is actually really interesting?
3:18
Speaker 2: Jess and I went on such a tangent, and halfway
3:20
Speaker 2: through recording that podcast, I was like, hold up, hold up,
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Speaker 2: I just want to google this properly and like look
3:25
Speaker 2: into what the different things are so that I fully
3:27
Speaker 2: understand it, because I know exactly what I am. In fact,
3:30
Speaker 2: I don't just know what I think. I think I'm
3:32
Speaker 2: still certified in being able to analyze the NB.
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Speaker 3: Yeah, well that's what you get when you have all
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Speaker 3: those degrees.
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Speaker 5: I love how you've got a certification. And we just
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Speaker 5: did a BuzzFeed quiz.
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Speaker 2: Yeah, no, no, no, I can present the results to other people.
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Speaker 3: And I just got a free email.
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Speaker 2: Yeah, and if you want to do that and get
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Speaker 2: your free email, we actually put the link for you
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Speaker 2: to get your free email and MBT in the show
4:00
Speaker 2: of the Wednesday episode. But Jess and I literally went
4:03
Speaker 2: on a tangent and we found it so interesting because
4:06
Speaker 2: it turns out we have exactly the same personality type.
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Speaker 2: So historically when I've done it, I know that I'm
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Speaker 2: an IRONFJ And then Jess was like, wait, hold on,
4:14
Speaker 2: let me go into my emails and look it up,
4:16
Speaker 2: and it turns out Jess is exactly the same, and
4:19
Speaker 2: so we put the link in the slack chat of
4:21
Speaker 2: our team, which is just like our team group chat,
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Speaker 2: I would say, And we've been learning a whole heap
4:26
Speaker 2: this week just about what personalities we have and what
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Speaker 2: personality Tony is. And I think we all understood that
4:32
Speaker 2: that was your personality. And I can't remember what you got,
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Speaker 2: but I was like, oh that makes sense.
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Speaker 3: I'm an EESFJ.
4:39
Speaker 2: Yeah that's a sense.
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Speaker 4: That was like, you are absolutely extroverted, that's for sure.
4:42
Speaker 3: Thank you.
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Speaker 2: Yeah, yeah, she's our extroverted friend. And then we got
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Speaker 2: Ryan's and I wasn't surprised when his came back with
4:48
Speaker 2: introverted at the start, because you're good at putting on
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Speaker 2: a show, Ryan, But I think you like hanging out
4:54
Speaker 2: with your dog, is that right?
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Speaker 6: Yeah? Yeah. Humans take energy from me. I get my
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Speaker 6: energy from my alone time. I don't like people. It's
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Speaker 6: just like that's where my.
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Speaker 2: Energy is the same as me, Like, I obviously adore people,
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Speaker 2: but I also love my own time and that's where
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Speaker 2: I get my energy.
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Speaker 5: Yeah, don't get me wrong. I do hate a lot
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Speaker 5: of people.
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Speaker 2: All right, But it's all about understanding yourself and what
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Speaker 2: you're willing to take on and what you can actually tolerate,
5:19
Speaker 2: and I guess to loop back to making this about money,
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Speaker 2: because it turns out this podcast is called She's on
5:23
Speaker 2: the Money. It's all about understanding how you make decisions
5:28
Speaker 2: around money and where that actually stems from. And we
5:30
Speaker 2: discussed just the different money personality types and how you
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Speaker 2: would relate to that. And that's how we got off
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Speaker 2: track to MBTI because at the end of the day, like,
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Speaker 2: it's really interesting learning about yourself. I think a lot
5:41
Speaker 2: of people if you listen to the podcast and see
5:44
Speaker 2: me on social media, you would immediately think I'm extroverted,
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Speaker 2: because I'm good at being extroverted. I'm good at putting
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Speaker 2: myself out there. But the people that are closest to
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Speaker 2: me know that at the end of the day, you
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Speaker 2: need to I'm done by yourself. Yeah, I'm done. I'm
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Speaker 2: going home. I'm probably the first person to tap out.
6:02
Speaker 2: When we go out for dinner. I'll be like, yep, cool,
6:04
Speaker 2: well that's nine thirty. That's me. I'm going home to
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Speaker 2: my fluffy socks and my dog in a cup of tea.
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Speaker 6: That's actually why they say partying, Like when people talk
6:13
Speaker 6: about partying with Victoria, they call the little ray of
6:16
Speaker 6: sunshine is because you'll never see her out after eight
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Speaker 6: o'clock at night.
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Speaker 2: Oh, that's really mean about daylight.
6:21
Speaker 3: Samings nine o'clock. Speaking of still having fun after the
6:26
Speaker 3: sun goes down, we're drinking while.
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Speaker 2: We are and this week I'm actually really impressed with
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Speaker 2: the drink. And Tony, do you want to introduce it?
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Speaker 3: So it's a twenty third Street Distillery gin and tonic.
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Speaker 3: No sugar, thank you very much, because Tonic is like
6:43
Speaker 3: a hidden sugar demon.
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Speaker 2: Sugar, Yeah it doesn't.
6:47
Speaker 3: So hidden sugar demon. I don't know what that means.
6:50
Speaker 2: But it is twenty third Street Distillery, not hidden sugar demon.
6:54
Speaker 3: I think this is the best drink we've had in age.
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Speaker 6: It also says it has a calculated hint of sweetness.
7:00
Speaker 6: No sugar, but a calculated hint of sweetness.
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Speaker 2: What does that mean?
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Speaker 4: I don't know, but I like it.
7:06
Speaker 2: Yeah, I really like it. But in saying that, I
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Speaker 2: already knew I was gonna like it because I do
7:11
Speaker 2: really like the twin Can Street. Oh, by the way,
7:14
Speaker 2: the cat, but also like their gin. And the other day,
7:18
Speaker 2: if you follow me on Instagram, you would have seen
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Speaker 2: me make a gluten free dairy free version of Gigi
7:23
Speaker 2: her Did's vodka pasta with their vodka. Oh, I sound
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Speaker 2: like an ad, Yeah you do. I paid for this,
7:30
Speaker 2: I've never even spoken. I'd welcome it with open arms. Absolutely.
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Speaker 2: If you want to slide into my DM's twenty third
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Speaker 2: Street distillery, I'll talk to you. But till then, I'll
7:41
Speaker 2: keep making my vod CA pasta ten out of ten.
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Speaker 2: By the way, all right, enough about Gin, More about Win.
7:48
Speaker 2: Did you hear Ryan John? What money Winter have we
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Speaker 2: got from the community?
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Speaker 5: First of all?
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Speaker 6: And get ready to cheer and cry. This stuff really
7:58
Speaker 6: gets to me. Maybe that music is not appropriate for this,
7:59
Speaker 6: Onne Sandy says, money win Hi. Sandy booked in an
8:04
Speaker 6: IVF procedure and was asked to do a HSG test
8:07
Speaker 6: before proceeding.
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Speaker 5: It costs five hundred dollars.
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Speaker 6: Yeah, and as a lot of people may know or
8:13
Speaker 6: may not know, IVF as a.
8:14
Speaker 5: Whole, it's really expensive.
8:16
Speaker 6: Yeah, she said, I paid the five hundred dollars, but
8:18
Speaker 6: I don't need to pay any more money because we
8:20
Speaker 6: got pregnant naturally.
8:24
Speaker 3: Congratulations.
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Speaker 2: Can you imagine being like, all right, we're going to
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Speaker 2: go through this really expensive, really arduous process like IVF
8:33
Speaker 2: is a big decision.
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Speaker 3: To emotionally tings not.
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Speaker 2: Even know you're pregnant.
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Speaker 3: But that's really really exciting, Sandy, congratulations, she's on the baby.
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Speaker 5: She's on the baby.
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Speaker 4: Baby co me soon.
8:45
Speaker 6: Jennifer says, I worked at the night shift over the
8:48
Speaker 6: public holidays in Western Australia over the last fortnight and
8:50
Speaker 6: scored some major penalty rates day. I earned five hundred
8:54
Speaker 6: dollars extra after tax and then went straight into my
8:58
Speaker 6: commseck account and straight towards more.
8:59
Speaker 3: She yay, love that great job.
9:03
Speaker 5: Now.
9:03
Speaker 6: Emily joined Amazon Prime for a free thirty day trial.
9:06
Speaker 4: I love Prime.
9:07
Speaker 6: Yeah.
9:08
Speaker 2: Now Jesse is literally the Prime Queen.
9:10
Speaker 6: So you'll over Prime day Amazon Prime.
9:13
Speaker 2: How many packages have arrived at our office, Jessica, stay
9:16
Speaker 2: tuned for that a little later in the show.
9:19
Speaker 6: Well, because it's free shipping for members, Emily thought, if
9:23
Speaker 6: I get the free trial during Prime days, I can
9:25
Speaker 6: get all the sales, get the free shipping. But it's
9:28
Speaker 6: not She's not done just yet. I found that She's
9:31
Speaker 6: on the Money book for just nineteen dollars on Amazon,
9:35
Speaker 6: and I received a fifteen dollar voucher from Amazon because
9:37
Speaker 6: it was my first order, which means the book cost
9:39
Speaker 6: me just four dollars with free shipping.
9:42
Speaker 2: I'm really excited about that.
9:44
Speaker 6: Money went for Emily, money lost for Victoria.
9:47
Speaker 2: I'm about that. But also I launched my book last
9:51
Speaker 2: week and it's already discounted. Like I get the point.
9:54
Speaker 5: We need to move this thing. I got this I
9:56
Speaker 5: speaking of the new book.
9:57
Speaker 4: Oh my gosh.
9:57
Speaker 6: Yes.
9:58
Speaker 4: We had our event last night that was so much fun.
10:01
Speaker 4: We had to pull something together really quickly because we
10:04
Speaker 4: had all these grand plans. We wanted to do this
10:06
Speaker 4: amazing event, which we will still do on the download.
10:10
Speaker 4: We're just waiting because you know Covid and Melbourney, it
10:12
Speaker 4: won't be.
10:13
Speaker 2: Called the book launch though, we'll find some other reason
10:15
Speaker 2: to have as she's on the money party. Absolutely, and
10:19
Speaker 2: we did not do that much planning for it to
10:22
Speaker 2: just all go in the binn.
10:23
Speaker 4: Absolutely not. But you know who did do a lot
10:25
Speaker 4: of planning our friends at U Bank. They actually helped
10:28
Speaker 4: us bring the event to life, which was amazing and
10:30
Speaker 4: I just want to say thank you so much to
10:32
Speaker 4: them because we gave them pretty much no notice and
10:34
Speaker 4: they were like, nope, okay, great, what can we do?
10:36
Speaker 4: How can we do it?
10:37
Speaker 2: And we want to make so sweet. They've bent over backwards.
10:40
Speaker 2: But obviously, you guys know that we've never worked with
10:43
Speaker 2: U Bank before except Ryan and I once did videos
10:46
Speaker 2: for U Bank for their hot dollars campaign and it
10:48
Speaker 2: was actually I love yeah, and my gosh, it was
10:53
Speaker 2: so much fun doing and I remember when they reached
10:55
Speaker 2: out and I was just super stoked because I was like, yeah,
10:57
Speaker 2: I will do a hot sauce money finance video. Like
11:00
Speaker 2: I was sold before we even got there anyway. Through that,
11:04
Speaker 2: one thing led to another, and I actually got to
11:06
Speaker 2: become friends with their CEO, Philipart. They've got this is
11:14
Speaker 2: She's on the money. Like, how cool is it that
11:16
Speaker 2: we're now, you know, being able to work with the
11:18
Speaker 2: bank that has a female CEO and she's just like
11:21
Speaker 2: this ultimate boss woman that just she runs an entire bank.
11:24
Speaker 2: Guys like I just think it's so cool and just
11:27
Speaker 2: so inspiring, and I am really grateful that when I
11:30
Speaker 2: was like, hey, guys, like, are you planning on putting
11:32
Speaker 2: this song because obviously with COVID, our actual event has
11:34
Speaker 2: been canned, and they're like, yep, we'll make it happen,
11:37
Speaker 2: no problems, And they literally worked over the weekend to
11:40
Speaker 2: make sure that everything was good to go by this week,
11:44
Speaker 2: which was really sweet.
11:45
Speaker 4: And the event was so much fun as well. Thank
11:47
Speaker 4: you to everyone who attended. We had a great time
11:49
Speaker 4: and it wasn't maybe quite as good as an in
11:52
Speaker 4: person event, but it was pretty freaking close.
11:54
Speaker 2: It was very close.
11:55
Speaker 4: Yeah, thank you so much.
11:57
Speaker 5: Was there a DJ who played the saxophone?
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Speaker 2: There wasn't.
12:00
Speaker 5: Well, it wasn't as good as the real one.
12:01
Speaker 2: Okay, sorry, oh spoil USAKA Jess and I. All right,
12:07
Speaker 2: just to talk about the event that was gonna happen.
12:09
Speaker 2: We obviously could not announce it because the week that
12:12
Speaker 2: we had planned this massive announcement and roll out of
12:15
Speaker 2: what was going on COVID. Need we say more? But
12:20
Speaker 2: Jess and I had booked like Peach Fairy Floss in
12:22
Speaker 2: this like DJ that had a saxophone, Like we was
12:25
Speaker 2: gonna be a lot of fun.
12:26
Speaker 4: We went in on this party and we had plans
12:29
Speaker 4: for all of these fun goodie bags, and some of
12:31
Speaker 4: our favorite favorite brands have sent us amazing things.
12:33
Speaker 2: So and now we just have boxes of these favorite
12:36
Speaker 2: things and we're like, we will use them. We promise
12:38
Speaker 2: they will get to our audio.
12:39
Speaker 4: They're coming, So I guess keep an eye out, stay tuned.
12:42
Speaker 4: We have no idea when that's gonna happen, but.
12:44
Speaker 2: Hopefully, but we're talking about it, right And I did
12:47
Speaker 2: pitch the idea that instead of just having one Melbourne event,
12:50
Speaker 2: we do a series of events around Australia. If COVID
12:54
Speaker 2: lets us do something like that. She's on the road trip,
12:57
Speaker 2: she's on tour.
12:58
Speaker 3: Oh no, I like she on the road, she's.
13:01
Speaker 5: On the minivan. No, you guys aren't minivan travelers.
13:04
Speaker 3: You're tour bus, private jet.
13:08
Speaker 2: Please imagine if we got a tour bus and like,
13:12
Speaker 2: paint do you paint? Did you wrap it?
13:14
Speaker 3: I want to make I want those magnets that they
13:17
Speaker 3: put on the side of a Domino's car.
13:21
Speaker 2: It's like Victoria, that's probably all our budget.
13:25
Speaker 6: All right, I've got another book related money in. EM says,
13:29
Speaker 6: not my money win exactly, but I created a money
13:32
Speaker 6: win for someone else. I left a copy of Victoria's
13:36
Speaker 6: new book on the bench at work in the staff
13:38
Speaker 6: room as an anonymous I left. She didn't like it.
13:41
Speaker 3: She read it, left it in the staff room.
13:44
Speaker 6: I said sorry, EM said, I left it with instructions
13:47
Speaker 6: for them to pass it on to the next person
13:49
Speaker 6: once they had finished. Follow up, Taylor said, oh, Taylor
13:55
Speaker 6: must work with him. I found a book in the
13:58
Speaker 6: work lunch and I picked it up this morning, thank
14:01
Speaker 6: you very much. And then em replied to that it
14:03
Speaker 6: was supposed to be an anonymous gift. And now I've
14:04
Speaker 6: outed myself and I believe they both work at a Woolworth.
14:10
Speaker 6: So I was in the staff room out the back
14:11
Speaker 6: of a release.
14:12
Speaker 4: That is so cool.
14:13
Speaker 2: I love that, all right.
14:15
Speaker 6: Lucy says, got quoted eight thousand dollars for dental work,
14:19
Speaker 6: which is a lot.
14:20
Speaker 3: That's so much money.
14:21
Speaker 6: I paid fifty two dollars to get a second opinion.
14:24
Speaker 6: You dentist solved my problems on the spot.
14:26
Speaker 5: Money. We have seven one and forty eight dollars.
14:29
Speaker 2: Wow, what she's.
14:31
Speaker 6: Like, Oh, that sounds like a big deal. I might
14:33
Speaker 6: just go get it double checked, like from another dentist
14:35
Speaker 6: and another.
14:35
Speaker 5: D's fifty dollars.
14:37
Speaker 6: You don't need that surgery. I'll take care of that
14:38
Speaker 6: for you right now. Yeah, eight thousand dollars surgery avoided.
14:42
Speaker 3: Was it a man in the wools stuff checking that this.
14:46
Speaker 6: Is all good.
14:48
Speaker 5: And final? One?
14:49
Speaker 6: Indiana says got thirty dollars worth of chicken for three dollars.
14:52
Speaker 6: The other day, her friend Lucy replied, salmonella for free.
15:06
Speaker 2: All right, So, Tony and Jess we've been talking this
15:09
Speaker 2: week in the office a fair bit about some changes
15:12
Speaker 2: that are going to be made to SUPER in the
15:14
Speaker 2: next month, which I'm genuinely excited about because yay financial freedom.
15:18
Speaker 2: But also I feel like we're not talking about it
15:22
Speaker 2: publicly as much as we could. So as of the
15:25
Speaker 2: first of July, our superanuation guarantee, which is the amount
15:29
Speaker 2: of SUPER that our employer legally has to pay us,
15:32
Speaker 2: is going to increase, which I'm so excited about because
15:35
Speaker 2: over the next few years through to twenty twenty five,
15:38
Speaker 2: the government is actually planning on taking our SUPER all
15:41
Speaker 2: the way up to twelve percent instead.
15:42
Speaker 4: I didn't realize it was going that high.
15:44
Speaker 2: Yeah, so it's going up to twelve percent instead of
15:47
Speaker 2: nine point five percent, which is obviously a very significant
15:50
Speaker 2: increase to the amount of superannuation that you put aside,
15:52
Speaker 2: and I think it's well over due, if I'm being honest,
15:55
Speaker 2: because of inflation and literally everything else, and too many
15:58
Speaker 2: times employers don't get their people pay rises in line
16:02
Speaker 2: with CPI and indexation, and the fact that they actually
16:06
Speaker 2: need to increase the amount of money that they have,
16:09
Speaker 2: because you know, if we distill it down, the amount
16:11
Speaker 2: of money that you need today is actually less than
16:14
Speaker 2: what you would need in three years time, because you know,
16:17
Speaker 2: a life of bread might be three dollars today, but
16:19
Speaker 2: it will be three fifty in you know, three years time.
16:21
Speaker 2: And that's what inflation actually means, Like it's inflating costs
16:25
Speaker 2: over time and the rising price of goods and services,
16:28
Speaker 2: which is absolutely fine and very normal. But I just
16:31
Speaker 2: don't think we've ever kept up with that when it
16:33
Speaker 2: comes to superannuation, because what was appropriate when SUPER became
16:37
Speaker 2: mandated in nineteen ninety two is very different to what
16:40
Speaker 2: needs to happen now, So it to me is well overdue.
16:44
Speaker 2: But the conversation that's been happening in the office before
16:46
Speaker 2: I get to techniques.
16:48
Speaker 3: Because everyone like, hang on, what is she doing?
16:51
Speaker 2: She was talking about her wins and confessions and community
16:53
Speaker 2: and now I was just talking about super we did
16:55
Speaker 2: not need. It's one of those conversations that I want
16:59
Speaker 2: to have because this podcast is all about empowering you
17:02
Speaker 2: to have better money conversations, and at the moment, there
17:04
Speaker 2: is a money conversation that is going to impact everybody
17:07
Speaker 2: who is employed at the moment getting paid superannuation that
17:11
Speaker 2: we might not all be comfortable to have. And I
17:13
Speaker 2: thought it was a good time on Friday drinks to
17:16
Speaker 2: have avent with my team about how would you approach
17:19
Speaker 2: this and how do we talk about this with our
17:21
Speaker 2: employer and why are we going to do that? So
17:24
Speaker 2: let me just talk for a second about why it's
17:26
Speaker 2: really important for you to have a conversation with your
17:28
Speaker 2: employer about how that change is going to impact you.
17:31
Speaker 2: Because you might have thought great, like that's fabulous, where
17:33
Speaker 2: is that money coming from? So if you have a
17:36
Speaker 2: contract with an employer that you know your contract says
17:39
Speaker 2: it includes super, there's a very high probability that that
17:43
Speaker 2: increase in super. It's only zero point five percent right now,
17:47
Speaker 2: but over the next few years it's going to creep
17:49
Speaker 2: up to twelve percent. So that which is a lot,
17:51
Speaker 2: which is a lot, is going to come out of
17:53
Speaker 2: your take home salary. So if you are an employee
17:56
Speaker 2: who is paid on an including super basis, might have
18:00
Speaker 2: a rude shot coming for you in the first of
18:02
Speaker 2: July if you haven't had a discussion with your employer
18:04
Speaker 2: and you don't actually understand it because they could take
18:07
Speaker 2: that money from your take home pay and just reallocate
18:11
Speaker 2: it towards superannuation.
18:12
Speaker 5: Legal.
18:13
Speaker 2: Look, it is absolutely legal because that's a part of
18:15
Speaker 2: your salary package. So for example, if I said, Ryan,
18:18
Speaker 2: you're on a salary of seventy thousand dollars including SUPER,
18:22
Speaker 2: very nice, very sexy, they might just reallocate what goes
18:26
Speaker 2: towards SUPER so that they still meet that commitment. And
18:29
Speaker 2: it's absolutely well within their rights to do that. But
18:32
Speaker 2: I guess that comes into a moral conversation and an
18:34
Speaker 2: actual logical conversation and are you doing the right thing
18:37
Speaker 2: by your employees? And yeah, we've had a good conversation
18:40
Speaker 2: this week, Tony, how do you feel about it?
18:42
Speaker 3: So then would that, in that situation be my responsibility
18:45
Speaker 3: to check in that they are doing the right thing,
18:48
Speaker 3: because I mean, we talk about it all the time.
18:51
Speaker 3: How intimidating it is to bring up Yeah, for sure,
18:54
Speaker 3: So I'm supposed to go into my boss's office and
18:56
Speaker 3: you say, oh, I actually think that you're supposed to
18:59
Speaker 3: be paying me more. And if you're not forebottle on
19:01
Speaker 3: these things, which most people aren't because we aren't talking
19:03
Speaker 3: about it. It's a pretty terrifying thing to think about
19:06
Speaker 3: asking for more money, even when it's not actually a
19:09
Speaker 3: pay rise, just like I just want to make sure
19:11
Speaker 3: that you're allocating my fees properly. So how do you
19:14
Speaker 3: suggest that people tackle that? I mean, I know that's
19:17
Speaker 3: probably a huge question, but what are we supposed to do?
19:21
Speaker 2: And that's the conversation I wanted to have.
19:24
Speaker 3: I've led you straight there, thank you, But it.
19:26
Speaker 2: Is really hard to have that conversation because a lot
19:29
Speaker 2: of us, as much as we have these great podcasts,
19:31
Speaker 2: so I think they're great, a podcast about, you know,
19:34
Speaker 2: talking to your employer about pay rises, like most of us,
19:36
Speaker 2: to be honest, haven't done that. Most of us haven't
19:38
Speaker 2: had that conversation and scary. Yeah, and for some of us,
19:42
Speaker 2: our employers might have sent out a letter already this
19:45
Speaker 2: June and just said, hey, guys, this is how the
19:47
Speaker 2: changes are going to impact you. In which case you're educated,
19:49
Speaker 2: you know what's going on. You've probably been given the
19:52
Speaker 2: right contact details to have a conversation about that. But
19:54
Speaker 2: if this is the first time you're hearing about that,
19:56
Speaker 2: in my opinion as an employer, it's not good. I
20:00
Speaker 2: am lucky that our team is small enough that I've
20:03
Speaker 2: verbally mentioned it to you guys. I think you're across it.
20:06
Speaker 2: You know, the decision that we've made is accepted by
20:08
Speaker 2: the team. You guys are super happy with it. It's
20:10
Speaker 2: all well and good, right, So I don't need to
20:12
Speaker 2: send out a formal letter. But if you work in
20:14
Speaker 2: like a big corporate, usually the best way for them
20:16
Speaker 2: to communicate with you guys on a big level is
20:20
Speaker 2: to send out a letter and be like, hey, here's this,
20:21
Speaker 2: here's HIL's contact, here's the time. If you want to
20:24
Speaker 2: have this conversation before any changes are made, you need
20:28
Speaker 2: to be having that conversation with your employee now and going, hey, Jess,
20:31
Speaker 2: I noticed that you said that you weren't going to
20:34
Speaker 2: do that, But I really think that, you know, the
20:35
Speaker 2: opposite should be happening, or vice versa, or whatever you
20:38
Speaker 2: think is fair for your situation. And you know, not
20:42
Speaker 2: every single business, especially small businesses, are going to be
20:45
Speaker 2: in a position where, you know, budgets might be tight.
20:47
Speaker 2: We've just gone through COVID, like we're still going through COVID,
20:50
Speaker 2: and that could be actually quite challenging for small businesses
20:54
Speaker 2: to come up with you know, it might only be
20:56
Speaker 2: zero point five percent of their super contributions, but if
21:00
Speaker 2: they are running it on the line and they are,
21:02
Speaker 2: you know, down to.
21:03
Speaker 3: Every dollar, especially at the moment, Yeah, that's.
21:06
Speaker 2: Such a big change for a business to have to
21:08
Speaker 2: make that. I think that as much as it might
21:11
Speaker 2: be a big change and they might not have to
21:13
Speaker 2: absorb it, because I'm kind of on the fence right Like,
21:15
Speaker 2: I'm not saying give everyone a pay rise, nor negotiable
21:18
Speaker 2: like you guys have got that, You're welcome. It was
21:21
Speaker 2: something that I considered and I spoke to my bookkeeper
21:23
Speaker 2: and I spoke to my accountant. It wasn't something that
21:25
Speaker 2: I just said, Wow, we're made of money, let's do this.
21:28
Speaker 2: It was more like, is this the right thing to do?
21:30
Speaker 2: How do we do it? Like I considered it all
21:31
Speaker 2: options and made a decision. But a lot of other
21:34
Speaker 2: small businesses aren't in that situation. And I think that
21:36
Speaker 2: that then comes down to communication. We're all adults. We
21:40
Speaker 2: deserve to be spoken to like adults, and if our
21:42
Speaker 2: business can't afford it, I think that they should just
21:45
Speaker 2: be saying, hey, Tony, you know what this is changing,
21:47
Speaker 2: we can't afford it. Here's why, and you'd probably be like, yeah,
21:50
Speaker 2: no problems, Like I think it would be really challenging
21:53
Speaker 2: to actually approach that, especially if you haven't spoken to
21:56
Speaker 2: your boss or your manager about your salary before. Yeah,
21:59
Speaker 2: because we've all been own into this position where something
22:01
Speaker 2: is definitely changing. It could impact you regardless of what
22:05
Speaker 2: your job role is. So if you're in a position
22:07
Speaker 2: where like, well, vitue, I don't really care if it
22:09
Speaker 2: comes out of my income or if it gets added, like,
22:12
Speaker 2: I don't mind either way. They're great, good for you,
22:14
Speaker 2: But some of us budget down to the very last cent,
22:17
Speaker 2: and this is going to impact us, and we really
22:20
Speaker 2: need to be aware of how to have that conversation.
22:22
Speaker 5: If we work for a big company.
22:24
Speaker 6: Yeah, is it every individual's job to speak to their
22:27
Speaker 6: individual manager or is it more of you know, the
22:30
Speaker 6: staff kind of getting together or speaking to their direct
22:32
Speaker 6: manager and saying, hey, direct manager, can you speak to
22:34
Speaker 6: your manager on behalf of the crew, because I'm guessing
22:37
Speaker 6: it's not going to be a oh we'll give it
22:39
Speaker 6: to those three people, but not those so it'll be
22:41
Speaker 6: like a company decision, right, they're like a global change. Yeah,
22:43
Speaker 6: But is there like channels to go through.
22:45
Speaker 2: Look, there are channels to go through. I think it's
22:47
Speaker 2: just talking to your direct manager. But I also know
22:50
Speaker 2: that this is going to be a fickle conversation, and
22:52
Speaker 2: to be honest, I am predicting some pretty nasty media
22:56
Speaker 2: articles coming out about businesses who have decided not to
22:59
Speaker 2: eat increase their employees' salaries and decide to just take
23:03
Speaker 2: it from them.
23:04
Speaker 6: If I found out they've taken job keeper and don't
23:06
Speaker 6: pass on this, I'm going to be mad.
23:08
Speaker 2: Yeah, that's a good point.
23:10
Speaker 6: If you're in a BEG company and you go and
23:11
Speaker 6: speak to your manager, they're in the same boat as you.
23:13
Speaker 6: They also want it. It's not like they're the one
23:16
Speaker 6: losing money to give to you. They're with you.
23:18
Speaker 4: So and that's the hard thing. I think every business
23:20
Speaker 4: structure is different, and so maybe it's worth when you
23:23
Speaker 4: approach that conversation instead of going oh, i'd really like
23:26
Speaker 4: a pay rise, saying hey, like, I want to talk
23:29
Speaker 4: about the super contribution that's being made. I think that
23:32
Speaker 4: it's justified, and i'd really like to talk to you
23:34
Speaker 4: about ensuring that that gap is met by you rather
23:37
Speaker 4: than by it being taken from from me. Yeah, exactly right.
23:41
Speaker 2: Yeah, and I think that that is well within your
23:43
Speaker 2: rights to have that conversation. I'm just going to bounce
23:45
Speaker 2: back to what you were saying before, Ryan, like, you know,
23:47
Speaker 2: do you talk to your fellow staff members about it?
23:51
Speaker 4: Yes?
23:51
Speaker 2: And no, like I think you should like. From my
23:53
Speaker 2: personal perspective, absolutely, I'm a very big advocate of talking
23:57
Speaker 2: about your salary and sharing it if you're comfortable to
23:59
Speaker 2: do so. And I don't think that any employer should
24:02
Speaker 2: ever be ashamed of the salary that they're paying someone
24:05
Speaker 2: to the point where they would be mad if one
24:07
Speaker 2: employee spoke to another about how they.
24:09
Speaker 5: They do that.
24:10
Speaker 2: I was going to makes they do contract because some people,
24:13
Speaker 2: but speaking from me as a professional, some people have
24:18
Speaker 2: in their contracts clauses to not discuss pay and salary
24:21
Speaker 2: And I just want you to tread really lightly around
24:24
Speaker 2: that because more recently I've spoken to someone in the
24:27
Speaker 2: Shees on the Money community who has been told off
24:30
Speaker 2: for talking about pays to one of their team members
24:33
Speaker 2: and they thought they were doing the right thing, and
24:35
Speaker 2: to be honest, they were, from my personal opinion, absolutely
24:39
Speaker 2: well within their rights. Someone new started they were being
24:42
Speaker 2: paid a whole heap more than what they were being paid.
24:44
Speaker 2: They approached their manager about us for a pay rise
24:46
Speaker 2: and they're like, oh no, like that's definitely not what
24:48
Speaker 2: they're being paid. So they're going back and forth on
24:51
Speaker 2: who's lying and not, and it just became an absolute mess.
24:54
Speaker 2: So I think it's one of those things where personally,
24:56
Speaker 2: of course they think you should be talking about it.
24:58
Speaker 2: We should openly talk about my but check your contracts
25:01
Speaker 2: if you're going to do this, so that you don't
25:03
Speaker 2: end up in a pickle, because the last thing I
25:05
Speaker 2: need is you listening to if she's on the Money
25:07
Speaker 2: episode going I'm so empowered, like this is so right,
25:10
Speaker 2: she's so correct, and then finding yourself in HR's office
25:14
Speaker 2: because you weren't supposed to do that and I know
25:16
Speaker 2: that that's not the world we should live in, and
25:18
Speaker 2: it makes me so mad. But we need to disclaim it.
25:22
Speaker 2: We need to tell you that.
25:23
Speaker 5: Is that a clause that we should be crossing off
25:25
Speaker 5: the contract before we sign it?
25:27
Speaker 4: Oh I would I wouldn't sign a contract.
25:28
Speaker 6: I would absolutely not, because I've worked at a place
25:30
Speaker 6: where they said, oh, we don't do this and then
25:32
Speaker 6: are rocked up and they clearly did, and they're just like, oh,
25:34
Speaker 6: we hope the others didn't tell you about it.
25:36
Speaker 4: Oh that's crazy.
25:37
Speaker 3: Yeah, it just it breeds such a horrible culture of privacy.
25:42
Speaker 3: And also, just like you said before, Victoria, if a
25:45
Speaker 3: company is that embarrassed about what they're paying you that
25:48
Speaker 3: they don't want you to talk to each other, then
25:49
Speaker 3: it's probably a bigger problem than what you're really looking at.
25:53
Speaker 4: If I saw that clause, my first immediate thought would be,
25:55
Speaker 4: what are you trying to hide?
25:56
Speaker 2: Yeah, exactly, exactly right.
25:58
Speaker 4: Yeah, that shouldn't be there. If you've got nothing hard,
26:00
Speaker 4: you shouldn't be preventing.
26:01
Speaker 2: I honestly feel so bad for your future employers if
26:05
Speaker 2: you ever get She's terrifying. She's so tough, gosh.
26:11
Speaker 4: Like, oh, people are gonna think I'm mean. You're not mean.
26:14
Speaker 3: You're just so assertive, so empowered by knowledge, And I'm.
26:19
Speaker 2: Like, can you imagine if I gave her her contract
26:22
Speaker 2: and she was like yes, just by the way, change
26:24
Speaker 2: all these clauses.
26:25
Speaker 4: Like I was a nightmare when I worked in retail
26:27
Speaker 4: because I knew all my rights and I told all
26:29
Speaker 4: the other girls what their rights were as well.
26:32
Speaker 2: Lava for you retail, We'll pop some stuff up online
26:37
Speaker 2: because I think it's really important to talk about. But
26:39
Speaker 2: it's also one of those things where this genuinely impacts you,
26:43
Speaker 2: and these changes are going to be consistently made until
26:45
Speaker 2: twenty twenty five when we reached that twelve percent, And
26:49
Speaker 2: I think that we need to have these conversations and
26:51
Speaker 2: just get clear on how we can have more conversations.
26:54
Speaker 5: Yeah, I also have another thing to add.
26:56
Speaker 2: I knew you did. That's why I was like, I
26:58
Speaker 2: trailed off on conversations because you like stuck your hand
27:01
Speaker 2: in the air and I was like, Ryan, what have
27:03
Speaker 2: you got to tell us.
27:04
Speaker 5: There's been a few stories in the group this week
27:06
Speaker 5: about people not getting paid superannuation, So just let this
27:08
Speaker 5: be another reminder. Just always check your pace list anyway.
27:11
Speaker 2: Check check your as, log into your superinuation. It is
27:16
Speaker 2: so easy to do. If you don't know your super details,
27:19
Speaker 2: jump on the ato my Gov website, log into that
27:22
Speaker 2: and it will tell you when you last got your
27:24
Speaker 2: super payment. If you have not got one in the
27:27
Speaker 2: last quarter, ask your employer, call the cops. Don't do that.
27:32
Speaker 2: They don't care, so they're not going to be able
27:34
Speaker 2: to help. Come at that point, they'll be like, oh,
27:35
Speaker 2: do you even know your log in details and you're like, no,
27:37
Speaker 2: that's why I called you. But it's really important to
27:42
Speaker 2: understand that. And if you don't know your log in details,
27:44
Speaker 2: just call your super fund. The amount of times I've
27:47
Speaker 2: said on this podcast that the call center people are
27:49
Speaker 2: really nice, really kind to people. They are so good
27:52
Speaker 2: at what they do. Call them and be like, hey,
27:54
Speaker 2: my know, Victoria, I have a super fund with you. Guys,
27:58
Speaker 2: I just want to know more about it. Don't know
27:59
Speaker 2: what details are? They go, oh, no, problems, we'll sort
28:02
Speaker 2: you out.
28:02
Speaker 3: A really good point that I think Jess raised last
28:05
Speaker 3: week or the week before is that you are actually
28:08
Speaker 3: paying fees. You are paying to be able to access
28:11
Speaker 3: your own information. So and yes, the fees go to
28:13
Speaker 3: good things, but yeah, myed help call them like, no,
28:18
Speaker 3: they can't give you financial advice, so they can tell
28:21
Speaker 3: you exactly what your fees are going towards and all
28:23
Speaker 3: of that. So it's just be empowered.
28:25
Speaker 2: To really call them. Be empowered by it. And it's
28:28
Speaker 2: one of those things where if someone is not paying
28:30
Speaker 2: you super, that is not acceptable, full stop, end of story.
28:34
Speaker 2: Not only do they now have to pay you that super,
28:36
Speaker 2: they have to pay you what you missed out in interest.
28:39
Speaker 3: Oh love that?
28:40
Speaker 2: Yeah, I do love that too.
28:41
Speaker 3: Yeah, that's good.
28:42
Speaker 2: Don't ever let somebody gaslight you, which is what they
28:45
Speaker 2: do if they're a bad employer and they are going
28:48
Speaker 2: to not pay your super. Oh no, Tony, maybe you
28:50
Speaker 2: didn't read it right or we only do it this often.
28:53
Speaker 2: You'll be like, it's been twelve months and then you
28:55
Speaker 2: got you definitely should have.
28:56
Speaker 3: Wrong, and it's so easy to do so.
28:59
Speaker 2: Yeah, and if you're really confused about when you're meant
29:01
Speaker 2: to get paid SUPER, check your contract because it will
29:04
Speaker 2: say like in the contract it might say and SUPER
29:07
Speaker 2: is paid on a quarterly basis, or SUPER is paid
29:10
Speaker 2: monthly with your salary, or some people pay it weekly
29:13
Speaker 2: like it doesn't matter, but it will tell you how
29:15
Speaker 2: often you were supposed to receive that payment. And then
29:19
Speaker 2: you get to go and check it if that happened
29:21
Speaker 2: or not, Like it shouldn't be something that is so
29:24
Speaker 2: shadowed with I don't know how does it work? Like
29:27
Speaker 2: I get it a payment was meant to happen, Go
29:29
Speaker 2: check if it happened.
29:30
Speaker 4: Yeah, we'll take you ten minutes. At a maximum, it's
29:32
Speaker 4: every three months. Legally they must pay you that Super
29:35
Speaker 4: once every quarter. So yeah, as you said, if it's
29:38
Speaker 4: been three months, I haven't done it, don't let them
29:40
Speaker 4: be like, oh, we only pay it twice a year,
29:41
Speaker 4: like they have to pay it.
29:43
Speaker 2: And this stuff breaks me, Like I end up crying
29:46
Speaker 2: at least once a week because of a story someone's
29:48
Speaker 2: messaged me in my DMS, which I'm so grateful for,
29:50
Speaker 2: please never stop. But the amount of messages I've gotten
29:54
Speaker 2: after you know, doing super podcasts or just talking about
29:57
Speaker 2: it on Instagram, for people being like, oh, hey, I
29:59
Speaker 2: checked mine and my employee wasn't paying it, and so
30:01
Speaker 2: I followed them up and it had been twelve months
30:03
Speaker 2: or it had been two years, And it's just it's
30:05
Speaker 2: wild what people get away with because they rely on
30:09
Speaker 2: your naivity, They rely on the fact that you just
30:11
Speaker 2: trusted them to do the right thing. That's gross, Yeah
30:14
Speaker 2: it is. Yeah, But enough of me ranting on about
30:17
Speaker 2: superannuation and us being empowered, because as you guys know,
30:20
Speaker 2: I literally could go on forever. So I just do
30:23
Speaker 2: I really click by a round of our money wins
30:26
Speaker 2: or confessions and then we can run away for the week.
30:28
Speaker 2: How about that?
30:29
Speaker 3: Yeah? All right?
30:30
Speaker 2: I nominate Jessicagi as tribute and she gets to go
30:34
Speaker 2: first because she baited us earlier and said that we
30:37
Speaker 2: had to wait.
30:38
Speaker 4: Well, I have a confessions. It was Amazon Prime Day
30:42
Speaker 4: this week, and I'm usually pretty good with my money.
30:46
Speaker 4: I'm usually quite good about like knowing what I want
30:49
Speaker 4: and waiting for it go and sale. And I did
30:51
Speaker 4: do that, but I also found myself with an assortment
30:54
Speaker 4: of items in my cart that I had wanted whimsically
30:58
Speaker 4: at some point or another, and because they were on
31:00
Speaker 4: really good deals for Prime Day, I was like, now's
31:03
Speaker 4: the time you get all right?
31:05
Speaker 2: So we we got something delivered earlier this week into
31:08
Speaker 2: the office, Jessica and I had a hot turn of it.
31:10
Speaker 2: What was it?
31:11
Speaker 4: I got the Split End Trimmer Pro.
31:15
Speaker 2: What even is that?
31:16
Speaker 4: So it's a device that you like. Essentially it cuts
31:19
Speaker 4: off just the split ends. And when I got it out,
31:22
Speaker 4: Tony looked at me and was like, no, they're not.
31:26
Speaker 2: It's like a rotating blade and it sucks your hair in.
31:29
Speaker 4: And specifically targets the split Have you used it?
31:33
Speaker 6: Yeah?
31:33
Speaker 5: I saw earlier today. I was like, she's used the Yeah,
31:39
Speaker 5: she's done it.
31:39
Speaker 4: I will report back on that one. But also in
31:43
Speaker 4: addition to that, I ended up with a massage gun,
31:46
Speaker 4: like one of those yeah, absolutely, Actually, well I don't know,
31:52
Speaker 4: it hasn't arrived.
31:53
Speaker 5: Okay, how much was that?
31:54
Speaker 6: So?
31:54
Speaker 4: I think it was one twenty down from two hundreds,
31:58
Speaker 4: so it was a good deal. But like, it's still
31:59
Speaker 4: a lot, and like I play a I played.
32:03
Speaker 5: Frisbee, Ultimate frisbee or a sport, which one.
32:10
Speaker 4: For you, And a selection of other delightful items which
32:18
Speaker 4: arguably I did not need, but I definitely did want.
32:21
Speaker 4: And while I'm very fortunate that I have the room
32:23
Speaker 4: in my budget to.
32:24
Speaker 2: Do that, you don't anymore.
32:26
Speaker 4: Yeah, that's it. No more sending for the next month.
32:29
Speaker 3: It's all right. That's why we can't go out for
32:30
Speaker 3: dinner tonight because Jests bought a massage gun.
32:34
Speaker 2: Imagine she would say that too, She'd be like, sorry, guys,
32:36
Speaker 2: I prioritize the massage without me, all right.
32:41
Speaker 3: So I very cold winter in Melbourne at the moment,
32:45
Speaker 3: as anybody who is in Victoria will know, I've needed
32:48
Speaker 3: a proper woolen coat for a really long time. I've
32:52
Speaker 3: lived in Melbourne now for four years and still haven't
32:55
Speaker 3: splurged on one. And I bought this coat and it
32:57
Speaker 3: was one hundred dollars and I checked it today because
33:00
Speaker 3: I was like, oh, is it supposed to come with
33:03
Speaker 3: a spare button? Really dorky? I know it is now
33:06
Speaker 3: back to two hundred and fifty dollars money.
33:09
Speaker 2: Money We That was actually such a good purchase from
33:12
Speaker 2: you because you spent so long researching that. I did
33:16
Speaker 2: the amount of times that link had come sent to
33:18
Speaker 2: me on Slack and you're like, what about this? And
33:20
Speaker 2: I was like, Oh, what's its composition?
33:21
Speaker 4: Is it wall?
33:22
Speaker 2: And You're like, yeah, it's wall And I'm like, oh,
33:23
Speaker 2: that's a good deal. One hundred dollars for actually wool coat.
33:26
Speaker 5: Is it one of those ones that you'll wear four
33:28
Speaker 5: times a.
33:28
Speaker 4: Week every years because your.
33:31
Speaker 5: Rule is five dollars per week and you'll smash that out.
33:33
Speaker 3: In one hundred percent And it would have taken me
33:36
Speaker 3: over twice as long if I'd paid full price.
33:38
Speaker 2: So I'm very proud of my money win. I really
33:41
Speaker 2: liked the coat as well. You look very beautiful.
33:43
Speaker 6: Thank you, Bryan, you got what bridget myself and BJ
33:47
Speaker 6: we are now a one car family instead of a
33:50
Speaker 6: two car.
33:52
Speaker 3: CJ finally sold his car.
33:54
Speaker 6: Did he barely drove it so Bridget's been catching the
33:58
Speaker 6: tram into work. We bare used the second car, so
34:01
Speaker 6: we went, you know.
34:01
Speaker 3: What, two cars that I must be yet we both used.
34:05
Speaker 6: To have to drive to work and now we don't.
34:07
Speaker 6: So we've sold one car. But not only is the
34:09
Speaker 6: win the money from the sole car. We just took
34:11
Speaker 6: it to like a used car sales thing, but it's
34:14
Speaker 6: the second insurance.
34:15
Speaker 5: We don't have to pay the second rejo. We don't
34:17
Speaker 5: have to go. Yeah, the on gar.
34:19
Speaker 6: I mean, you don't need us to tell you that
34:21
Speaker 6: cars just suck money from your life. So to be
34:23
Speaker 6: able to remove one of them, I think that not
34:25
Speaker 6: only is the win now, but it will be an
34:26
Speaker 6: ongoing win for us, A good one. That's a great win.
34:29
Speaker 2: Yeah, I really like that. That makes mine seem not
34:31
Speaker 2: so good now.
34:32
Speaker 4: We still want to hear it.
34:34
Speaker 2: No, well, mine's not car related. It's actually backfashion related.
34:38
Speaker 2: It's like not a jacket, but it is a robe.
34:41
Speaker 2: So I've decided that this is my money win because
34:44
Speaker 2: I have been speaking to the team for a very
34:46
Speaker 2: long time about not owning a bathrobe. So I don't
34:49
Speaker 2: own a bathrobe. And our friend Jess literally could not
34:53
Speaker 2: comprehend the fact that I did not own a bathrobe.
34:56
Speaker 4: I live for my robe. Yea, it is the best
34:58
Speaker 4: money ever.
34:59
Speaker 3: I joined the car a year ago, last when COVID
35:02
Speaker 3: first happened, and yeah, best money ever.
35:04
Speaker 4: If you really want to feel good, get an ankle
35:06
Speaker 4: length one.
35:10
Speaker 2: So I did all my research because I didn't want
35:13
Speaker 2: like their big bulky things. In my head, they were
35:15
Speaker 2: like going to take up all this wardrobe space and
35:17
Speaker 2: like they were going to be hard to store. And
35:19
Speaker 2: turns out I'm definitely not worried about that anymore. This
35:23
Speaker 2: prime place in my wardrobe. But I did all my
35:26
Speaker 2: research and I was like, one hundred and fifty dollars, like,
35:28
Speaker 2: this is a lot of money for a robe that
35:30
Speaker 2: nobody else is going to see. And so I started
35:33
Speaker 2: looking into them and I ended up doing this whole
35:35
Speaker 2: poll on my Instagram. Be guys, I want to know
35:38
Speaker 2: where to get the best the hot topic. It was
35:39
Speaker 2: a hot topic, right because they are hard to find, and.
35:43
Speaker 6: Was I here on the list?
35:44
Speaker 5: I feel like I kid, I.
35:48
Speaker 2: Here got a run. Someone suggested that someone suggested that
35:52
Speaker 2: I do have together.
35:55
Speaker 4: Probably it's just a bunch of friends.
35:59
Speaker 2: They give you all about They don't actually sell. They
36:02
Speaker 2: don't sell robes, they just sell towers Diowa. But I
36:06
Speaker 2: did all my research right, and I tried to work
36:09
Speaker 2: out what the best one was. I'd been shopping and
36:11
Speaker 2: I didn't like the textures of heaps of them because
36:13
Speaker 2: I'm a very texture backs person. Anyway, I opened like
36:18
Speaker 2: the questions on my Instagram, because like that's the best
36:20
Speaker 2: thing about Instagram. You can ask the people, and they
36:23
Speaker 2: all said skin Forward, and I was like, oh, like,
36:26
Speaker 2: why didn't I think of that? Because it's run by
36:28
Speaker 2: Joanna who works at a door beauty and runs the
36:30
Speaker 2: beauty podcast.
36:31
Speaker 6: Could those girls be any more better at life?
36:33
Speaker 5: I don't even.
36:34
Speaker 2: And this is not sponsored, by the way. I actually
36:36
Speaker 2: spent my own money on this, Like she had nothing
36:38
Speaker 2: to do with this process. Like I just did my
36:41
Speaker 2: research purchased the thing. But it was like sixty bucks
36:45
Speaker 2: in comparison to like the one hundred and fifty, and
36:48
Speaker 2: I got it.
36:49
Speaker 4: It is like a cloud.
36:50
Speaker 2: I think it has been made out of threads from
36:52
Speaker 2: unicorns and it like it's the best thing in the
36:55
Speaker 2: entire world. My cats are obsessed with it. I'm obsessed
36:58
Speaker 2: with it. I obviously look much a home than I
37:01
Speaker 2: did before, and it's got pockets, pockets big enough for
37:05
Speaker 2: snacks like as if that's not a money win, but anyway,
37:09
Speaker 2: that's where I'm at.
37:10
Speaker 3: That's a great money win.
37:12
Speaker 2: We've got money wins and confessions done. We've talked about robes,
37:14
Speaker 2: We've talked about superannuation, We've talked about Jessica's spending urges
37:18
Speaker 2: this week and Ryan becoming a one car family. I
37:21
Speaker 2: think we're done here, guys, But just before we head off,
37:25
Speaker 2: we'd like to acknowledge and pay respect to Australia's Aboriginal
37:28
Speaker 2: and torrist Right Islander people's. They're the traditional custodians of
37:32
Speaker 2: the lands, the waterways and the skies all across Australia.
37:35
Speaker 2: We thank you for sharing and for caring for the
37:37
Speaker 2: land on which we are able to learn. We pay
37:40
Speaker 2: respects to elders past and present, and we share our
37:42
Speaker 2: friendship and our kindness.
37:44
Speaker 3: The advice shared on She's on the Money is general
37:46
Speaker 3: in nature and does not consider your individual circumstances. She's
37:50
Speaker 3: on the Money exists purely for educational purposes and should
37:53
Speaker 3: not be relied upon to make an investment or financial decision.
37:56
Speaker 3: And we promise Victoria Devine is an authorized representative of
37:59
Speaker 3: Alia Pacific Funds Management Proprietary Limited ABN three four one
38:03
Speaker 3: three two four six three two five seven AFSL three
38:06
Speaker 3: three nine one five one.
38:08
Speaker 2: Oh, you've got that. Why you're looking so shocked because
38:11
Speaker 2: she stared at me the entire time. She didn't read that.
38:13
Speaker 6: I know it was join us on Instagram, but she's
38:18
Speaker 6: on the money a US or join the Facebook group
38:20
Speaker 6: that now has one hundred and eighty thousand people sharing
38:24
Speaker 6: their stories and everyone helping each other out as well.
38:26
Speaker 6: And if you want to achieve financial freedom, going by,
38:30
Speaker 6: she's on the money.
38:31
Speaker 5: The book in all good bookstore.
38:35
Speaker 4: Guys.
38:35
Speaker 2: It was the number one seller on book top. I
38:40
Speaker 2: love that.
38:41
Speaker 3: That wasn't your wing.
38:42
Speaker 1: You talked about a bathroom.
38:44
Speaker 2: I'm sorry, priority see you next week, guys.
38:47
Speaker 4: Bye.
38:48
Speaker 1: By