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Does Your HECS debt Really Matter? How to Set Money Boundaries at Work · She's On The Money

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  Speaker 1: My name is Tatasha Bamblet. I'm a proud First Nations
• 0:03
  Speaker 1: woman and I'm here to acknowledge country. Te Glenn Young, Ganya, Niana,
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  Speaker 1: Kaka yah y and Binahwaka niaan Our gay In, Nimbini,
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  Speaker 1: yakarum Jar, Dominyamika Umaga, Ihowaka Nile, Waman damon Immalan Bumba,
• 0:16
  Speaker 1: bang gadaboma In and now in Waka Ghana on yak
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  Speaker 1: rum Jar water Nadaa. Hello, beautiful friends. We gather on
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  Speaker 1: the lands of the Aboriginal people. We thank acknowledge and
• 0:27
  Speaker 1: respect the Abiginal people's land that we're gathering on today.
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  Speaker 1: Take pleasure in all the land and respect all that
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  Speaker 1: you see. She's on the Money podcast acknowledges culture, country,
• 0:38
  Speaker 1: community and connections, bringing you the tools, knowledge and resources
• 0:43
  Speaker 1: for you to thrive.
• 0:45
  Speaker 2: She's on the Money. She's on the Money. Hello and
• 0:52
  Speaker 2: welcome to She's on the Money, the podcast that makes
• 0:54
  Speaker 2: personal finance fun, especially on Fridays. It is our favorite
• 0:58
  Speaker 2: day of the week because we get our together to
• 1:00
  Speaker 2: celebrate you ow incredible. She's on the Money Community. Miss
• 1:04
  Speaker 2: Jessicach is here and she is going to be sharing
• 1:07
  Speaker 2: some of her favorite money wins from the community. Miss
• 1:10
  Speaker 2: Besyed has three killer Broke tips lined up, and we're
• 1:14
  Speaker 2: going to be helping to answer a very relatable money
• 1:17
  Speaker 2: dilemma that's all about hex stress. And then something that
• 1:21
  Speaker 2: you slid into our DMS about this week. What do
• 1:24
  Speaker 2: you do when a colleague is always asking you to
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  Speaker 2: shout from lunch but never pays you back? Rude? Also,
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  Speaker 2: how do you manage that? Because that's like maybe a
• 1:34
  Speaker 2: good money win for them? Well, this is true. Maybe
• 1:37
  Speaker 2: we could like re engineer this and be like, how
• 1:40
  Speaker 2: to always get your coworkers to pay for lunch?
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  Speaker 3: Could go either way?
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  Speaker 2: Really away any away? Before we get there, my friends,
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  Speaker 2: would you like to have your ego stroked for a
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  Speaker 2: hot minute?
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  Speaker 3: Yes?
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  Speaker 2: Please? Absolutely? Well, it also strokes my ego. I've picked
• 1:53
  Speaker 2: a five star review and I feature in it.
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  Speaker 4: Oh wow, So.
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  Speaker 2: This one is from Rookie T twenty one and they
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  Speaker 2: say five stars. Gonna say it, Victoria divine is truly divine.
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  Speaker 2: This podcast has been such a helpful tool in reaching
• 2:08
  Speaker 2: a member of your community who has very limited access
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  Speaker 2: to financial knowledge given my field of work. Thanks so
• 2:14
  Speaker 2: much for sharing your knowledge, tips and insights. The skill
• 2:18
  Speaker 2: of turning a dull and dry topic that is financial literacy,
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  Speaker 2: into a learning opportunity is much to be applauded. Have
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  Speaker 2: been enjoying the banter from all the co hosts as well.
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  Speaker 2: Keep up the great work, guys. Wow, that's so cute.
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  Speaker 2: I saw my name at the top and I was like, Oh,
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  Speaker 2: they're not complaining about how my voice sounds. Let's put
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  Speaker 2: that on the show.
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  Speaker 3: Divine is divine?
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  Speaker 4: Absolutely agree more?
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  Speaker 3: All right?
• 2:40
  Speaker 2: So diving into I would say my favorite part of
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  Speaker 2: this episode. We love the juicy finance gossip, but I
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  Speaker 2: also love this part of the episode where our community
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  Speaker 2: gets to ask one question that they are dying to
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  Speaker 2: know of us. It can literally be about anything, and
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  Speaker 2: this week's one from Aleisha wants to know guys, what
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  Speaker 2: is your death wrote meal?
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  Speaker 4: Oh I love this question.
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  Speaker 5: My goodness, chocolate Scotch fingers with tea.
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  Speaker 2: But as a the whole package, I can give you
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  Speaker 2: a death throw meal every day.
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  Speaker 5: There but the savory element. God, I never really think
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  Speaker 5: about the savory element.
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  Speaker 2: You don't have to have savory element. You're on death row, like,
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  Speaker 2: no one is gonna make you have.
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  Speaker 5: But I honestly I think like I just want macas,
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  Speaker 5: and I know that's really like boo, but the save
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  Speaker 5: element I want to get over and done with. I'm
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  Speaker 5: just having macas and then chocolate Scotch fingers with a
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  Speaker 5: perfectly made tea.
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  Speaker 2: What constitutes are perfectly made tea? Just to be clear, struggling, Yeah,
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  Speaker 2: good girl.
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  Speaker 5: I do want It depends if I'm having If I'm
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  Speaker 5: having vige my toast and I want sugar in my tea.
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  Speaker 5: If I'm having Scotch fingers, I do wantny sugar in
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  Speaker 5: my tea. I want strong and milky with just oat milk,
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  Speaker 5: no cow's milk, no offence to anyone.
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  Speaker 2: That's fair, that's fair. Do you want to hear something heinous?
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  Speaker 4: Please?
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  Speaker 2: So My mum's idea of a good cup of tea
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  Speaker 2: is when I make my strong cup of tea and
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  Speaker 2: then take the tea bag that I use about that
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  Speaker 2: and just dunk it once or twice into her water
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  Speaker 2: and that's it. That's the whole tea. Plain water, no no, no,
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  Speaker 2: like the boiling water, but like dunk a used tea
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  Speaker 2: bag in so it is so weak it is dish
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  Speaker 2: water and no milk, no sugar, nothing. That's her favorite tea.
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  Speaker 2: That's water. That's that is not okay, Miss Jessicucci.
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  Speaker 3: I have a really hard time with this. I don't
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  Speaker 3: have like the ultimate favorite meal. I think if I'm
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  Speaker 3: going out, I want one at everything.
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  Speaker 6: I want the.
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  Speaker 3: Kingfish sashimi from Chin Chin, and i want.
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  Speaker 2: Get off.
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  Speaker 3: The little Cheeto things from Stupid Like i want, yeah.
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  Speaker 2: The Cheetos from super Normal.
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  Speaker 3: Yeah, i want my favorite dish from everywhere fast food
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  Speaker 3: and fancy and like a really really big glass.
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  Speaker 2: Of Pepsi max. Yeah yeah sure.
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  Speaker 3: Like I'm like we're mixing cuisines, We're doing sometings favorite,
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  Speaker 3: like one of everything, please, you know, So I get.
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  Speaker 2: That I forgot about the Cheetos at super Normal. They're
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  Speaker 2: not called Cheetos, yes that's the proper name, but like
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  Speaker 2: they kind of look like Cheetos. Yeah, so that's what
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  Speaker 2: we've always called spice. My death throw meal would be
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  Speaker 2: the Kingfish sashimi from Chin Chin, but I'm not sharing
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  Speaker 2: with anyone, and I'm getting the share sized plate of it.
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  Speaker 2: I would also have the Cheetos from Super Normal, and
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  Speaker 2: then I'm finishing with a whole tray of the Magnolia
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  Speaker 2: Bakery Banana pudding.
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  Speaker 3: Oh you do love the banana.
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  Speaker 2: Oh, Like, I go feral for that. Like I get
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  Speaker 2: asked all the time, Oh, can you make your banana pudding?
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  Speaker 2: It's not mine, it's the Magnolia Bakery one, but like
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  Speaker 2: I make it, and I literally can't make it unless
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  Speaker 2: I know I'm going to an event because if it
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  Speaker 2: is in the fridge, I just have to walk past
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  Speaker 2: with a spoon every seconds and I have no self control.
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  Speaker 2: So I just know that would be a great death
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  Speaker 2: throw meal. Yeah, Gottes, gotcha, guys. I think that's really fun.
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  Speaker 2: Scotch fingers, chocky Scotch fiht to be chocolate.
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  Speaker 7: I love that.
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  Speaker 2: Al Right. If you guys have a question that you
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  Speaker 2: want dying for us to answer, I leave it in
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  Speaker 2: the comments and we will get to it. But what
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  Speaker 2: we're jumping to now is Miss jessagreed. She's money. Wins
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  Speaker 2: and confessions from the community.
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  Speaker 3: Alrighty, this week, I'm starting off with one from Rachel,
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  Speaker 3: who said, my puppy seemed intrigued by something in a
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  Speaker 3: pile of leaves. I was about to give him a
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  Speaker 3: firm leave it before I realized it was a twenty
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  Speaker 3: dollar note.
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  Speaker 2: Okay, little key trouble snuffler.
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  Speaker 3: She said, I'll take him to pet Balm later to
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  Speaker 3: pick out a treat, which I think is very cute.
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  Speaker 4: That is good and it's very fair.
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  Speaker 2: He's like, don't you take my twenty bucks? I found
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  Speaker 2: that that's for doggo treat the things.
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  Speaker 3: Next, I've got money win from Peru, who said she
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  Speaker 3: did a superannuation health check and found eleven thousand dollars
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  Speaker 3: in a fund that she'd forgotten about. She's had a
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  Speaker 3: transferred over to her current super fund and it's a
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  Speaker 3: nice little boost towards her retirement. Then I've got one
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  Speaker 3: from Shannon, who said she recently discovered that she can
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  Speaker 3: redeem her Flybys dollars for gift cards that she can
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  Speaker 3: then use it a wide variety of beauty places in
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  Speaker 3: her town. She's currently on maternity lease, so she cashed
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  Speaker 3: in two hundred dollars worth of points and he's going
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  Speaker 3: to book herself a massage.
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  Speaker 2: Nice.
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  Speaker 3: Don't sleep on the vouchers with points. I feel like
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  Speaker 3: vouchers is such a clever little workaround option. Next, I've
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  Speaker 3: got a money in from Grace, who said I just
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  Speaker 3: used cash back from a holiday earlier in the year
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  Speaker 3: to buy the Phillips air fryer. It was reduced from
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  Speaker 3: two hundred ninety nine dollars down to one hundred and
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  Speaker 3: nineteen on Amazon, and then she only had to pay
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  Speaker 3: fourteen dollars out of pocket because she had some gift
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  Speaker 3: cards and some cash back and some other things that
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  Speaker 3: she all stuck together.
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  Speaker 2: That is so good. You're gonna love that air fra.
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  Speaker 3: I have a Phillips airfryer and it's the best thing
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  Speaker 3: I've ever spent money on.
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  Speaker 2: And if the girls on our team, you're going to
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  Speaker 2: love this. Just interjecting another money win, used all of
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  Speaker 2: her points and all of the gift cards that she'd
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  Speaker 2: saved up, bought an air rap just under two hundred bucks.
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  Speaker 1: So clever.
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  Speaker 4: We love a little points moment.
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  Speaker 3: Next, I've got a money win from Tory, who said
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  Speaker 3: I've been putting it. That's a great name. Puttyrway extra
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  Speaker 3: money we don't spend on takeouts. Some splurges into a
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  Speaker 3: shares account, and I've just hit my first five hundred
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  Speaker 3: dollars invested. Now inside, very clever way to do that.
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  Speaker 3: Little you don't notice a little bit going away every week, absolutely,
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  Speaker 3: And then lastly, this week I've got a money win
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  Speaker 3: from Savvy, who said money win. I had a meeting
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  Speaker 3: with a Zella mortgage broker and discovered we are in
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  Speaker 3: the perfect position to use equity in our owner occupy
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  Speaker 3: a home which has doubled in value since we purchased
• 8:13
  Speaker 3: it with a smaller mortgage to start out our property
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  Speaker 3: investing journey.
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  Speaker 2: I have heard that they're actually the best mortgage brokers
• 8:20
  Speaker 2: in the country.
• 8:21
  Speaker 3: I've heard that too.
• 8:21
  Speaker 2: So funny. Yeah, that's so crazy, Like I heard that
• 8:24
  Speaker 2: they were literally the best ever ever ever.
• 8:27
  Speaker 3: Yeah, and they're also all really pretty.
• 8:29
  Speaker 2: Oh so hot, so nice. And did you know the owner,
• 8:33
  Speaker 2: we're also very hot, very pretty, very nice, very very
• 8:36
  Speaker 2: fairly very funny. Yeah, funny, she's hilarious. Anyway, moving on,
• 8:41
  Speaker 2: miss Beck, have you got some broke tips for us? Yes?
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  Speaker 8: I do so.
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  Speaker 5: This first one comes from Bonnie, who says, we pay
• 8:47
  Speaker 5: for one family music streaming and one TV streaming. Our
• 8:51
  Speaker 5: teenager thinks she can't survive without at least one more
• 8:53
  Speaker 5: TV streaming service, and so Nana and Poppy.
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  Speaker 4: I love these names, you know.
• 8:58
  Speaker 2: It's so cute, Like it's just cute. Everyone has her.
• 9:01
  Speaker 4: Name for the grandma, grandpa, I think it's so cute.
• 9:03
  Speaker 2: What do you call your grandparents?
• 9:04
  Speaker 4: I just call him grandma grandma.
• 9:07
  Speaker 3: What did you on my Italian side? It was like no, no, no, no,
• 9:11
  Speaker 3: grandma grandpa.
• 9:12
  Speaker 2: Yeah.
• 9:12
  Speaker 5: Okay, So Nana and Poppy buy her a twelvemonth Disney
• 9:17
  Speaker 5: Plus subscription for her birthday each year, keeps costs down,
• 9:20
  Speaker 5: lasts for a whole year, and we all get the benefit,
• 9:22
  Speaker 5: which I think is a great idea. So if you
• 9:23
  Speaker 5: have like friends who have teenage kids, you're kind of
• 9:28
  Speaker 5: helping everyone. Also, you know that thing where if you
• 9:30
  Speaker 5: have more money and you can buy a yearly subscription,
• 9:33
  Speaker 5: you get benefited because you had a discount. And I'm like,
• 9:37
  Speaker 5: well give the discount to people A can't ford a
• 9:38
  Speaker 5: year anyway? Who knows, But I think that's a great idea.
• 9:41
  Speaker 5: It's a great gift idea as well. The next one
• 9:43
  Speaker 5: comes from Chloe, who says I do a Survivor pantry
• 9:46
  Speaker 5: challenge every fortnight where I must cook up, slash use
• 9:49
  Speaker 5: up any food in the pantry or fridge. This started
• 9:52
  Speaker 5: just as a fun challenge to be more sustainable with
• 9:54
  Speaker 5: food waste, but now look forward to it and save
• 9:56
  Speaker 5: on groceries. As an added bonus survive.
• 10:00
  Speaker 4: That's so funny. Yeah, that's so funny. I think it's
• 10:03
  Speaker 4: so it's such a great idea. You know, you like pretend.
• 10:05
  Speaker 5: I know we've been talking about whimsical things before, but
• 10:07
  Speaker 5: I think if you even if you drink water and
• 10:09
  Speaker 5: you pretend you're in space jam and you've got that.
• 10:12
  Speaker 4: But I think like making something a game, it can make.
• 10:15
  Speaker 2: It have ADHD. Maybe your diagnosis would tell me yes,
• 10:20
  Speaker 2: true true, yeah, and though.
• 10:23
  Speaker 4: We do and it makes it like fun and yeah,
• 10:27
  Speaker 4: you can really save money doing that.
• 10:28
  Speaker 5: My broke tip this week. I live in a really
• 10:30
  Speaker 5: old share house. As you guys know, it's like it's gorgeous,
• 10:33
  Speaker 5: it's cozy, but it's.
• 10:34
  Speaker 2: Old and so but it's better than your last one,
• 10:36
  Speaker 2: which had a wall literally falling down out. Liked it exactly.
• 10:41
  Speaker 4: It's such a good memory.
• 10:42
  Speaker 1: It was.
• 10:42
  Speaker 2: You can't forget that. You're like you could see the
• 10:44
  Speaker 2: outside from the inside, not a window. I was.
• 10:50
  Speaker 4: Very dangerous.
• 10:50
  Speaker 5: The whole front of the house was not attached to anyway.
• 10:54
  Speaker 5: And I know this doesn't sound like a broke tip yet,
• 10:55
  Speaker 5: but what I did was I went to Bunnings and
• 10:57
  Speaker 5: I just bought like a really cheap but pretty shower
• 11:00
  Speaker 5: head with like a hose, and you know when you
• 11:03
  Speaker 5: see those in houses, you're like, this house is worth
• 11:05
  Speaker 5: a lot.
• 11:05
  Speaker 4: And so I went and I changed it. It was
• 11:07
  Speaker 4: like one hundred dollars. I changed myself. It was really quick,
• 11:10
  Speaker 4: really easy.
• 11:11
  Speaker 5: And also you can get ones that have like a
• 11:13
  Speaker 5: lower shower pressure so that which I know is not ideal,
• 11:16
  Speaker 5: but it is better for your water. Yeah, so you
• 11:18
  Speaker 5: can go ahead and change that. You can feel like
• 11:20
  Speaker 5: you're living in a brand.
• 11:22
  Speaker 4: New bathroom just by changing the shower head. You can
• 11:24
  Speaker 4: do it yourself.
• 11:24
  Speaker 2: It's so easy as well. Totally when you move out,
• 11:28
  Speaker 2: if you keep the old shower head just under the sink,
• 11:30
  Speaker 2: you can like swap it back and take it to
• 11:32
  Speaker 2: your next sharehouse.
• 11:33
  Speaker 4: It's not true.
• 11:34
  Speaker 2: Yeah, And there's heaps of really like I did this
• 11:36
  Speaker 2: when I was in sharehousing because wherever we lived, we
• 11:39
  Speaker 2: always had that teeny tiny shower hair Yeah, that had
• 11:43
  Speaker 2: terrible water pressure. It was like dribbling onto my hair.
• 11:46
  Speaker 2: Absolutely not, we can't have that. We know how much
• 11:48
  Speaker 2: I care about my hair, and I would swap it
• 11:51
  Speaker 2: to one of the like low water use high pressure ones. Yes, incredible,
• 11:55
  Speaker 2: saving money on water, but also I get a bit
• 11:58
  Speaker 2: of showering exactly, sat crazy genius. Thank you so much.
• 12:02
  Speaker 2: That's me for this week. I love that. All right, Well,
• 12:05
  Speaker 2: let's go to a really quick break and on the
• 12:06
  Speaker 2: flip side, we're going to be answering. I would say
• 12:08
  Speaker 2: a very relatable money dilemma that's all about hex stress
• 12:13
  Speaker 2: and then something spicy that you slid into our DMS
• 12:16
  Speaker 2: about what do you do when a colleague is always
• 12:18
  Speaker 2: asking you, how, bab can you get me lunch? But
• 12:20
  Speaker 2: then they never pay you back? Rude, don't go anywhere.
• 12:27
  Speaker 3: Welcome back, everybody. Let's take a listen to this week's
• 12:30
  Speaker 3: money dilemma.
• 12:33
  Speaker 8: Hi, there, have you got a money dilemma you just
• 12:36
  Speaker 8: can't solve? The She's on the Money team is here
• 12:38
  Speaker 8: to help. Every week we tackle your dilemmas, both big
• 12:42
  Speaker 8: and small, to answer your most burning money, career and
• 12:44
  Speaker 8: life questions. To get involved, simply head to our website
• 12:48
  Speaker 8: and leave us a short voice recording and you might
• 12:50
  Speaker 8: just find yourself on the show.
• 12:52
  Speaker 2: Now, let's take a listen to this week's money dilemma.
• 12:56
  Speaker 6: Hi, She's on the Money. I feel like my money
• 12:59
  Speaker 6: dilemma is one that is shared with a lot of
• 13:01
  Speaker 6: people in the ses on the money community, and that
• 13:04
  Speaker 6: is the really heavy regret that I have about my
• 13:07
  Speaker 6: hex slash help debt that I've accrued. I thought I
• 13:11
  Speaker 6: was investing in my future and further education by obtaining
• 13:15
  Speaker 6: a bachelor's degree in an industry that I was really
• 13:17
  Speaker 6: passionate about, but unfortunately I haven't been able to obtain
• 13:21
  Speaker 6: work in that industry since graduating.
• 13:24
  Speaker 2: Further to that, I pursued a degree.
• 13:27
  Speaker 6: Through a private university, so have come out with a
• 13:30
  Speaker 6: really large hex stet, which at the time I didn't
• 13:32
  Speaker 6: understand the difference. I didn't have any financial advice from
• 13:36
  Speaker 6: anyone saying that university wasn't the be all, end all
• 13:39
  Speaker 6: and that there are other avenues to pursue when furthering
• 13:42
  Speaker 6: your education. So I left my degree with about a
• 13:47
  Speaker 6: eighty k hex stet, which makes me sick to even
• 13:50
  Speaker 6: think about or talk about. I look on my MyGov
• 13:53
  Speaker 6: account and see the indexation every year, and it just
• 13:56
  Speaker 6: feels like I go back to square one, even with
• 13:58
  Speaker 6: this twenty percent reduction recently we've obtained from the government.
• 14:02
  Speaker 6: So I guess my question is should I be tipping
• 14:06
  Speaker 6: away at that debt? It makes me sick and anxious
• 14:10
  Speaker 6: every time I look at it. If I could hand
• 14:12
  Speaker 6: back my degree tomorrow to get a refund, I wouldn't
• 14:15
  Speaker 6: a heartbeat. Any advice is really appreciated because I feel
• 14:19
  Speaker 6: like I'll be paying this off forever.
• 14:21
  Speaker 2: Can I just jump in first things first? And I
• 14:23
  Speaker 2: know that, like from a financial standpoint, you're like, this
• 14:25
  Speaker 2: was not worth it at all, and you might not
• 14:28
  Speaker 2: be working in your field at all. Like I'm not
• 14:32
  Speaker 2: so like I have too many degrees because I'm basically
• 14:35
  Speaker 2: a nerd, and I totally get the hex stress thing.
• 14:38
  Speaker 2: But I started my career in psychology. I have two
• 14:42
  Speaker 2: psychology degrees that I could probably say we're useless to
• 14:45
  Speaker 2: do because I'm now in finance and I've found my
• 14:48
  Speaker 2: way into finance. But I genuinely believe that you learn
• 14:51
  Speaker 2: so much just through you know, the structuring of courses,
• 14:55
  Speaker 2: like being able to complete essays in a particular way,
• 14:59
  Speaker 2: being ab to interact, manage your time, manage your projects
• 15:03
  Speaker 2: like throughout university that I would argue it hasn't been
• 15:06
  Speaker 2: a waste. I don't know what your degrees were. You
• 15:08
  Speaker 2: might have trained as a nurse and now you're working
• 15:10
  Speaker 2: in an admin role or something, and these things aren't
• 15:13
  Speaker 2: obviously compatible, but I think it's maybe worth checking your
• 15:17
  Speaker 2: mindset a little bit about like what you did learn
• 15:20
  Speaker 2: and how you could apply those things or how you
• 15:22
  Speaker 2: are applying those things in every day. Not because I'm
• 15:25
  Speaker 2: trying to justify the expense, but also because I'm trying
• 15:28
  Speaker 2: to justify the expense because it's like, I reckon, you
• 15:31
  Speaker 2: grew during that time as well and learned and like
• 15:34
  Speaker 2: learn how to deal with pressure in a different way,
• 15:36
  Speaker 2: because like UNI can be really stressful. Jess, you didn't
• 15:40
  Speaker 2: go to UNI. No, you said, no, I don't need that,
• 15:42
  Speaker 2: Like that's not my journey. Talk to me about your
• 15:46
  Speaker 2: thoughts on this question.
• 15:47
  Speaker 3: I understand, And I want to say, for any of
• 15:49
  Speaker 3: our younger listeners, I guess this is a really good example.
• 15:52
  Speaker 4: I think most not most.
• 15:53
  Speaker 2: People, is a really good example. She's right, you should
• 15:56
  Speaker 2: try to ENA's footsteps always, not me specifically, but I think,
• 15:59
  Speaker 2: like a specifically thank you.
• 16:01
  Speaker 3: A lot of people go to university because it's like
• 16:03
  Speaker 3: the conventional path. Almost all of my friends started degrees
• 16:07
  Speaker 3: and then change degrees or completed degree and then did
• 16:10
  Speaker 3: a secondary degree.
• 16:11
  Speaker 6: Yep.
• 16:11
  Speaker 3: Because I think to make the choice at eighteen, it's
• 16:14
  Speaker 3: a very large choice to make your frontal lobi's not
• 16:17
  Speaker 3: developed front fully developed. You haven't had any real world experience. Like,
• 16:22
  Speaker 3: it's a big decision, which does land you in a
• 16:24
  Speaker 3: lot of debt. And I guess I want to say,
• 16:26
  Speaker 3: give yourself a little bit of grace because you made
• 16:29
  Speaker 3: this choice. There was probably a lot of pressure. I
• 16:31
  Speaker 3: felt a lot of pressure to go to university, like
• 16:33
  Speaker 3: from external people, and so as much as you know,
• 16:37
  Speaker 3: I totally understand where you're coming from, and I'm grateful
• 16:41
  Speaker 3: that I followed the path that I did. I would
• 16:43
  Speaker 3: also say, in the same way that we sayed about finance,
• 16:45
  Speaker 3: like you did the best you could with what you had,
• 16:47
  Speaker 3: Like you made what you thought was the right choice
• 16:49
  Speaker 3: at the time, totally and hindsight's twenty twenty. Like we
• 16:52
  Speaker 3: can't regretting it doesn't benefit you at all. Now. With
• 16:56
  Speaker 3: that being said, I totally empathize and the fact that
• 16:59
  Speaker 3: it's causing you anxiety is really frustrating, and I'm sorry
• 17:01
  Speaker 3: that that is the case. We've spoken before about the
• 17:04
  Speaker 3: fact that hex deebt dies with you. It's not smar.
• 17:07
  Speaker 2: Yeah, we love something to bring up, not that.
• 17:09
  Speaker 3: I'm manifesting.
• 17:12
  Speaker 2: Anybody.
• 17:12
  Speaker 3: No, I think it's really nice to know that that
• 17:15
  Speaker 3: debt won't pass along to anybody. It's obviously your required
• 17:19
  Speaker 3: contributions are capped based on your income, so as much
• 17:22
  Speaker 3: as the number you're climbing the best big debt you
• 17:25
  Speaker 3: could have, it's not the worst case scenario to be in.
• 17:28
  Speaker 3: I personally probably would chip away it a little bit,
• 17:32
  Speaker 3: and that is just because I think, maybe similar to
• 17:34
  Speaker 3: our listener, I don't love having debt there, I guess,
• 17:37
  Speaker 3: especially if you're looking at taking on loans for different things,
• 17:40
  Speaker 3: whether it be a car loan or a moryage or whatever,
• 17:42
  Speaker 3: your HEX may potentially impact it. There's lots of factors,
• 17:46
  Speaker 3: so don't necessarily let that get you down either. Like
• 17:50
  Speaker 3: I think it's a common thought that, oh, if I
• 17:51
  Speaker 3: have this big hex stet, like I won't be able
• 17:53
  Speaker 3: to get a house, or I won't be able to
• 17:54
  Speaker 3: do whatever. There are lots of things that you or
• 17:56
  Speaker 3: mortgage brokers can help you do to like figure that out.
• 17:59
  Speaker 3: But if it's causing you anxiety, I think there can
• 18:02
  Speaker 3: be value in paying that back, even if on paper
• 18:05
  Speaker 3: that's not the financially best choice, Because I think.
• 18:08
  Speaker 2: Because if I did the paper, it would be the
• 18:11
  Speaker 2: best correct being honest, and that's not because I'm like, oh,
• 18:15
  Speaker 2: that's so silly, don't stress about I get the stress
• 18:17
  Speaker 2: and like money is more than you know, the most
• 18:20
  Speaker 2: logical on paper decision. It's why some people invest in
• 18:24
  Speaker 2: property because they feel so safe and secure with that,
• 18:27
  Speaker 2: when if we looked at a risk return chart, the
• 18:30
  Speaker 2: best performing asset will be the share market. And so
• 18:34
  Speaker 2: that is not me saying, oh, well, the only option
• 18:37
  Speaker 2: you should be considering is this. It's the one that
• 18:39
  Speaker 2: makes you most comfortable, but you need to understand the
• 18:41
  Speaker 2: risks and the benefits. And I find that education is
• 18:45
  Speaker 2: going to be the thing that helps you feel a
• 18:47
  Speaker 2: little bit more comfortable with it, because unfortunately, we can't
• 18:49
  Speaker 2: just make your hex debt disappear overnight, like I can't
• 18:52
  Speaker 2: waive a magic wand and be like, you're right, you
• 18:54
  Speaker 2: should give your degree back and we will have no
• 18:57
  Speaker 2: debt money in. You've got this debt, what are you
• 18:59
  Speaker 2: going to do about it? Beck? Before I dive in
• 19:02
  Speaker 2: and go a little bit deeper, how do you feel
• 19:04
  Speaker 2: about the hex debt situation?
• 19:06
  Speaker 5: I do also have hextack, though I do not have
• 19:08
  Speaker 5: any qualifications because I started a bunch of things, so
• 19:11
  Speaker 5: I can understand. I think that I have probably money
• 19:13
  Speaker 5: and debt sits with me a little bit differently than
• 19:15
  Speaker 5: it does other people. Certainly it sounds like for this listener,
• 19:18
  Speaker 5: I can understand the anxiety, especially it feels like such
• 19:20
  Speaker 5: an exorbitant amount. And I know this is not helpful advice,
• 19:23
  Speaker 5: but I really do feel like we live in a
• 19:25
  Speaker 5: world where we may one day see that. I hope
• 19:29
  Speaker 5: the hex debt be white, but I think we'll see
• 19:31
  Speaker 5: it in our lifetime manifest.
• 19:34
  Speaker 2: In the nicest possible way. The government is relying on
• 19:38
  Speaker 2: that income to continue to fund the educations.
• 19:41
  Speaker 5: Just increase love guy, just in case I wouldn't pay anymore,
• 19:45
  Speaker 5: because if it got to it and then it was wiped,
• 19:47
  Speaker 5: I'd be really happy, but I'd be like, oh my god,
• 19:49
  Speaker 5: I just spent so much money on this thing.
• 19:50
  Speaker 4: So and we are doing that in every paycheck. It
• 19:52
  Speaker 4: can be really, really small.
• 19:54
  Speaker 5: But I think the other thing, honestly, as you guys
• 19:56
  Speaker 5: are saying, like learning is never a waste, and you
• 19:59
  Speaker 5: might have met a bunch of people during your time,
• 20:01
  Speaker 5: you might be in a place where you're just one
• 20:04
  Speaker 5: step away from your dream life. Whatever that looks like.
• 20:07
  Speaker 5: I don't want to say dream job because job is
• 20:10
  Speaker 5: not life.
• 20:11
  Speaker 2: That's a good delineation, thank you.
• 20:14
  Speaker 5: So I would say maybe, yeah, maybe a one step
• 20:16
  Speaker 5: away from your dream life and whatever that looks like.
• 20:18
  Speaker 5: It does still feel like sickening all this money, but
• 20:22
  Speaker 5: it's not in vain. I would say, I know that's
• 20:26
  Speaker 5: not helpful, being like, hey, be grateful, but that's not
• 20:28
  Speaker 5: what I'm saying at all. I just think it's not
• 20:30
  Speaker 5: in vain. Just try and ignore those little bits coming
• 20:33
  Speaker 5: out of your paycheck, and then if it doesn't change,
• 20:36
  Speaker 5: if the hex stet doesn't get wiped, then is as
• 20:38
  Speaker 5: Jess said, it's going.
• 20:39
  Speaker 2: To die with you. Yeah. Fair. So I am a
• 20:42
  Speaker 2: little bit more liberal with hextet. So from my ex
• 20:45
  Speaker 2: financial advisor's point of view, it is the most okay
• 20:49
  Speaker 2: debt to sit on that doesn't necessarily create an asset
• 20:53
  Speaker 2: for you. Now, I do truly believe that you having
• 20:56
  Speaker 2: a university degree, it doesn't mean that you're immediately going
• 20:59
  Speaker 2: to walk in to a job and earn. More Like,
• 21:01
  Speaker 2: if we look at Jess didn't go to Uni, I
• 21:03
  Speaker 2: think that's epic inspiration because I just go. You're earning
• 21:07
  Speaker 2: more than most people would who did go to university,
• 21:10
  Speaker 2: and her career trajectory is looking incredible to go on
• 21:14
  Speaker 2: and on in that space, right, So you don't need
• 21:16
  Speaker 2: to go to university to make a lot of money.
• 21:19
  Speaker 2: But on the flip side, I don't want you to
• 21:22
  Speaker 2: be stressed about the money in your HEX. Now. I
• 21:25
  Speaker 2: can't give you specific advice on what to do and
• 21:28
  Speaker 2: whatnot because I'm actually licensed to give general financial advice
• 21:31
  Speaker 2: and that would be in breach of that and our
• 21:33
  Speaker 2: old mate at money Shape would be very mad at me,
• 21:36
  Speaker 2: and that's okay. Yeah. So what I am going to do, though,
• 21:39
  Speaker 2: is share how I feel about it, because I have
• 21:42
  Speaker 2: never prioritized my HEX. Now. I own a mortgage broking business,
• 21:46
  Speaker 2: as you guys know, Zella Money, and we see clients
• 21:50
  Speaker 2: every single day with hextet buying their first homes, buying
• 21:53
  Speaker 2: their next homes, and sometimes yes, you might have saved
• 21:57
  Speaker 2: a really nice deposit and you're ready to purchase a home.
• 21:59
  Speaker 2: And one of the things that the bank says is, hey, bet,
• 22:02
  Speaker 2: could you take like five or ten thousand dollars off
• 22:04
  Speaker 2: your hex because it actually increases your serviceability. We've got
• 22:07
  Speaker 2: that cash at that point to make that decision, or
• 22:10
  Speaker 2: we might be paying LMI. But at no point does
• 22:13
  Speaker 2: the government or any banking institution look at a client
• 22:17
  Speaker 2: and go, well, they have hex stet. That's a bad thing.
• 22:20
  Speaker 2: They're not worth lending money to. Like it just sits there.
• 22:24
  Speaker 2: And in fact, when you have a hex stet, and
• 22:26
  Speaker 2: when you have a university degree and you do all
• 22:28
  Speaker 2: of your applications to a mortgage broker, they go, that's
• 22:32
  Speaker 2: quote according to the government and banking institutions, not the
• 22:36
  Speaker 2: real world, that's a more reasonable person to lend money to. Right,
• 22:40
  Speaker 2: they must be smarter, they must have more earning potential,
• 22:42
  Speaker 2: like they sit on a higher scale of like being
• 22:45
  Speaker 2: a quote safe person to lend to. So you're actually
• 22:49
  Speaker 2: in a good position, even though if you go, oh
• 22:51
  Speaker 2: my goodness, like I'm paying this stuff back. Personally, I've
• 22:56
  Speaker 2: never paid more off my hex and I still won't
• 22:59
  Speaker 2: prioritize that at any point. I'm just letting it tick
• 23:01
  Speaker 2: away and I pay exactly what the government tells me
• 23:04
  Speaker 2: to pay each and every single year, which worked out
• 23:07
  Speaker 2: for me because I got that text message late last
• 23:10
  Speaker 2: year from the government being like, your twenty percent discount
• 23:13
  Speaker 2: has been applied, and I was like, yeah, see, if
• 23:16
  Speaker 2: I'd paid this off, I wouldn't have got that little discount.
• 23:19
  Speaker 2: But from my perspective, I think we need to reframe
• 23:22
  Speaker 2: it as well, because if you're stressed right now, thinking
• 23:25
  Speaker 2: my goodness, I'm never going to get into a home,
• 23:27
  Speaker 2: you know, this hextet is lauding over me. Go talk
• 23:30
  Speaker 2: to a mortgage broker. Go talk to a mortgage broker
• 23:32
  Speaker 2: about your options. You might have literally no deposit, but
• 23:35
  Speaker 2: that will take the weight off your shoulders because they'll go, okay, well,
• 23:38
  Speaker 2: in your specific situation, this is how you should be
• 23:42
  Speaker 2: saving for your first home or your first deposit, and
• 23:45
  Speaker 2: they might go, yeah, actually, let's over the next you know,
• 23:48
  Speaker 2: twelve months, smash another five grand off this because it
• 23:51
  Speaker 2: puts you in this other position. But most of the
• 23:54
  Speaker 2: time a mortgage broker is actually going to say, don't
• 23:57
  Speaker 2: pay any extra off your hex stet yet. Let's get
• 24:00
  Speaker 2: to the point where you have a deposit and then
• 24:02
  Speaker 2: we can look at the bigger picture as to how
• 24:03
  Speaker 2: we allocate that deposit to put you in the best
• 24:05
  Speaker 2: possible position. So that's my two cents. I could go
• 24:09
  Speaker 2: on and on about it all day, because I just
• 24:11
  Speaker 2: hate that it stresses people because I'm like, oh, guys, like, yes,
• 24:15
  Speaker 2: I know it gets indexed. I'm not an idiot, but
• 24:18
  Speaker 2: it's the only interest free loan that exists that if
• 24:21
  Speaker 2: you lose your job, you don't have to pay. That's
• 24:24
  Speaker 2: very true, Andrew. Honestly, if you still had your hex
• 24:27
  Speaker 2: stet at the age of sixty five, at the age
• 24:29
  Speaker 2: of eighty, they're not going to make you paid off
• 24:32
  Speaker 2: unless you earn enough. And if you get to that point,
• 24:35
  Speaker 2: and let's say you get to like the ripe old
• 24:37
  Speaker 2: age of one hundred and ten, amazing, and you pass
• 24:40
  Speaker 2: away and you still have thirty thousand dollars worth of
• 24:42
  Speaker 2: HEX just gets wiped. Like, as you said before, it's
• 24:46
  Speaker 2: not a debt that rolls into your estate. It's not
• 24:49
  Speaker 2: a debt that would impact your savings or your investments.
• 24:52
  Speaker 2: Just gets wiped. Yeah, And I kind of am like, well,
• 24:54
  Speaker 2: if that happened, I don't really want to use the
• 24:57
  Speaker 2: money that I could have invested.
• 24:59
  Speaker 4: But up to you, guys, Yes, it's a good point.
• 25:01
  Speaker 2: She get into the juicy to let Oh my gosh, yes,
• 25:02
  Speaker 2: I've got it on my phone and I have been
• 25:04
  Speaker 2: chomping at the bit to share it. So this week
• 25:05
  Speaker 2: I got a DM. It sounded like this girls help
• 25:09
  Speaker 2: work leaching question mark, what would you do? I've got
• 25:12
  Speaker 2: a younger coworker who really struggles with money. We sit
• 25:15
  Speaker 2: together for ten hours a day and she often comes
• 25:17
  Speaker 2: to work hungry. At first, I didn't mind shouting her
• 25:20
  Speaker 2: the occasional lunch or drink, especially because she was going
• 25:23
  Speaker 2: through a lot, But now it's becoming constant. She gets
• 25:27
  Speaker 2: sick because she hasn't eaten all day. Every time I
• 25:29
  Speaker 2: go out for food, she asks me to buy hers too,
• 25:32
  Speaker 2: and then never pays me back. The thing is we're
• 25:35
  Speaker 2: paid exactly the same, but I pay more in rent, debt,
• 25:38
  Speaker 2: and utilities, and I have two dependents at home. I
• 25:42
  Speaker 2: can't afford to be her safety net. I'm a big
• 25:45
  Speaker 2: softy and always help when someone's struggling, But at what
• 25:48
  Speaker 2: point is she just taking advantage of my good nature?
• 25:51
  Speaker 2: What would you do?
• 25:53
  Speaker 3: Beck?
• 25:53
  Speaker 2: What would you do?
• 25:54
  Speaker 4: It's a really tricky one.
• 25:56
  Speaker 5: I don't think this is what our listener was saying,
• 25:59
  Speaker 5: but I think if I get paid the same as
• 26:00
  Speaker 5: someone and I feel like I've got more expenses, and
• 26:03
  Speaker 5: it's probably true that you do on paper. I still
• 26:07
  Speaker 5: wouldn't be like, oh, they should have more money or
• 26:10
  Speaker 5: anything like that. And I don't ever judge what anyone
• 26:13
  Speaker 5: is doing. I never kind of question that, so I
• 26:15
  Speaker 5: don't think that's what they were doing. But I just
• 26:16
  Speaker 5: want to say that we don't know anyone's story, so
• 26:19
  Speaker 5: I would wipe that from my brain, the fact that
• 26:22
  Speaker 5: I don't understand why or how they've gotten themselves into
• 26:26
  Speaker 5: this position, because everyone's got their own journey. But I
• 26:29
  Speaker 5: think I would because it feels like ten hours a
• 26:31
  Speaker 5: day also is a long goddamn day.
• 26:33
  Speaker 2: Where do you work ten hours a day?
• 26:35
  Speaker 4: Why you're working ten hours a day?
• 26:37
  Speaker 2: And if you are working ten hours a day, low key,
• 26:40
  Speaker 2: you should be able to buy lunch. I'm not not
• 26:42
  Speaker 2: going to lie, like, if you're putting in that much
• 26:44
  Speaker 2: energy and time, like you should be paid enough to
• 26:47
  Speaker 2: be able to basically buy your lunch at work every day.
• 26:50
  Speaker 2: From my humble opinion, that's so true.
• 26:52
  Speaker 5: We should be And that's the question for like the
• 26:54
  Speaker 5: economy and the cost of living, and we're like, why
• 26:57
  Speaker 5: is it still so hard?
• 26:58
  Speaker 4: But again I say, like, we don't know any one's journey.
• 27:00
  Speaker 5: So I would probably assume that you've kind of built
• 27:04
  Speaker 5: this bond with each other. Maybe for you this is
• 27:07
  Speaker 5: just a friend. Maybe for her, she's kind of built
• 27:10
  Speaker 5: this like Kara parent bond and she's like.
• 27:13
  Speaker 4: Oh, can you go get me food? Can you get
• 27:15
  Speaker 4: me food? And like, I think I would just honestly
• 27:18
  Speaker 4: just sit down and have a chat with them, be
• 27:19
  Speaker 4: like I hate Bubby a kind of for this anymore.
• 27:22
  Speaker 5: I kind of want to buy both of us food
• 27:24
  Speaker 5: every day. It is tricky, though, if they still come
• 27:27
  Speaker 5: in hungry and you're like, well, I'm going to go
• 27:29
  Speaker 5: buy my food now, I guess I would. Communication is key.
• 27:33
  Speaker 5: I would try and just help them in some way.
• 27:35
  Speaker 5: I would talk to people in their life, but unfortunately
• 27:39
  Speaker 5: I know this is boring.
• 27:40
  Speaker 4: Communication is probably key.
• 27:42
  Speaker 2: Wow, that's crazy. I've never heard that as a solution, Jess,
• 27:45
  Speaker 2: what do you reckon?
• 27:46
  Speaker 8: Yeah?
• 27:46
  Speaker 3: I agree, I think it's it is hard. It sounds
• 27:49
  Speaker 3: like a broader issue. If you're saying they're coming to
• 27:51
  Speaker 3: work hungry, they're not eating all day, and then they're
• 27:53
  Speaker 3: getting sick like that. For me, there's a lot of
• 27:55
  Speaker 3: alarm bells going off with that kind of situation. I
• 27:59
  Speaker 3: think that it does just honestly warrant a proper conversation
• 28:03
  Speaker 3: and exactly as you said sharing that, Hey, like from
• 28:05
  Speaker 3: my perspective, like it just is not like I can't
• 28:08
  Speaker 3: do it, you know, like my money's not going as
• 28:10
  Speaker 3: far as it used to, Like I can't afford to
• 28:11
  Speaker 3: shout you like when I've got the funds, Like obviously
• 28:14
  Speaker 3: really happy to, but I just it's not something that's
• 28:17
  Speaker 3: doable for me right now. And then I think also
• 28:20
  Speaker 3: using that as an opportunity to check in with them
• 28:22
  Speaker 3: and be like, are you okay, Like what's going on?
• 28:25
  Speaker 3: Like do you need some help maybe coming up with
• 28:27
  Speaker 3: cheap meal ideas like to bring lunch to the office.
• 28:31
  Speaker 2: Here's you Chelsea's ten dollar meal plans exactly right.
• 28:33
  Speaker 3: Like we've got that linch on the website that's really great.
• 28:35
  Speaker 3: Like I think for me, the bigger issue is like
• 28:39
  Speaker 3: I'm just worried, honestly for this person and what's going
• 28:42
  Speaker 3: on in their life. And obviously I'm missing a significant
• 28:44
  Speaker 3: amount of context, but that extreme of a situation to
• 28:48
  Speaker 3: me suggests that maybe there's like some bigger stuff going on,
• 28:52
  Speaker 3: and I would be wanting to check in regarding that. Obviously,
• 28:55
  Speaker 3: you're totally valid in how you're feeling, and you know
• 28:57
  Speaker 3: it's not your job to cover somebody's lunch at the
• 28:59
  Speaker 3: end of the day, Like, that's not a responsibility that
• 29:02
  Speaker 3: you have to take on. But I do also understand,
• 29:04
  Speaker 3: like when you care for somebody or care for just
• 29:07
  Speaker 3: people who are having a hard time, it can be
• 29:09
  Speaker 3: hard to step away from that. And so I think,
• 29:11
  Speaker 3: like being really honest with your coworker will hopefully make
• 29:14
  Speaker 3: that feel a little bit less uncomfy, but also provide
• 29:17
  Speaker 3: you the opportunity to maybe find other ways to help
• 29:20
  Speaker 3: will support them.
• 29:21
  Speaker 2: Yeah, I'm going to go down two streams, right, So
• 29:23
  Speaker 2: the first stream is exactly aligned to what you guys
• 29:26
  Speaker 2: were saying, Can we please check in with this person,
• 29:29
  Speaker 2: Like there's so many reasons as to why they might
• 29:32
  Speaker 2: not have cash, and like I am always so like,
• 29:35
  Speaker 2: are they in a relationship and it's a financially abusive relationship.
• 29:38
  Speaker 2: Have they got an addiction that they are struggling with?
• 29:41
  Speaker 2: Is there something bigger at play? Are they, you know,
• 29:44
  Speaker 2: giving all their money to their and I don't know
• 29:46
  Speaker 2: like what their family situation is, but are they giving
• 29:48
  Speaker 2: all their money to their family and then having nothing
• 29:51
  Speaker 2: left for themselves because they don't know how to say no.
• 29:54
  Speaker 2: I want to make sure that they're fine. But then
• 29:56
  Speaker 2: on the flip side, so let's pretend we know they're
• 29:59
  Speaker 2: absolutely fine and they're just not very good at money management,
• 30:03
  Speaker 2: or they're just taking advantage of the fact that you
• 30:07
  Speaker 2: are willing to buy lunch. And because you guys were,
• 30:10
  Speaker 2: I guess a little bit kinder in your responses, I'm
• 30:12
  Speaker 2: going to go down the route that they've worked out
• 30:14
  Speaker 2: that you'll buy lunch and there's actually no reason why. Like,
• 30:18
  Speaker 2: let's pretend they are just shopping and enjoying life and
• 30:21
  Speaker 2: they just wake up like five minutes before they have
• 30:23
  Speaker 2: to leave. So that's why they're coming to work hungry,
• 30:26
  Speaker 2: because they haven't managed their own time properly. And do
• 30:30
  Speaker 2: you know why I'm thinking that because I used to
• 30:32
  Speaker 2: do that, not rely on other people, but my lord,
• 30:34
  Speaker 2: I would like roll out of bed and go straight
• 30:37
  Speaker 2: to work, no coffee, no breakfast, no nothing, and then
• 30:39
  Speaker 2: by ten am I'd be like, oh my god, I
• 30:41
  Speaker 2: need a coffee because I have done myself for dirty here.
• 30:45
  Speaker 2: So a lot of this is not your responsibility. Actually
• 30:48
  Speaker 2: none of it is your responsibility. But the check in
• 30:51
  Speaker 2: thing fantastic, but on the flip side, if they're taking
• 30:55
  Speaker 2: advantage of you, there are a number of ways to
• 30:58
  Speaker 2: put ashback. Great idea, Beck having a chat, you know, going, hey,
• 31:01
  Speaker 2: I actually conffward this. Same with you, Jess, if you're
• 31:04
  Speaker 2: a little bit less confrontational, like you don't want to
• 31:06
  Speaker 2: have that chat so strange. You're trying to budget better
• 31:10
  Speaker 2: and you're bringing lunch every day, so you're going to
• 31:13
  Speaker 2: talk about your budgeting journey and oh my god, you
• 31:16
  Speaker 2: know it's what January, So you've just started a new
• 31:19
  Speaker 2: budget for the new year, and you're so excited and
• 31:21
  Speaker 2: you've decided to cut back on buying lunch out you
• 31:24
  Speaker 2: cannot believe how much it's adding up. And you've started
• 31:27
  Speaker 2: bringing lunch to work, And then you ask your friend
• 31:30
  Speaker 2: or your colleague, what are they going to do, Like
• 31:32
  Speaker 2: do you want to start bringing your lunch because it'll
• 31:34
  Speaker 2: save you so much money too, just glossing over the
• 31:37
  Speaker 2: fact that you know that you're purchasing their lunch. But
• 31:41
  Speaker 2: like the concept of bringing your lunch to work would
• 31:43
  Speaker 2: save someone money when they're meant to be paying for
• 31:45
  Speaker 2: it themselves. Absolutely, So I think for me, I would
• 31:48
  Speaker 2: probably go down that route because it just it stops
• 31:51
  Speaker 2: the interaction of oh, can you grab me something, because
• 31:53
  Speaker 2: I'm not actually going anywhere I can grab you something.
• 31:57
  Speaker 2: And I'm not saying that's a forever solution, but it
• 31:59
  Speaker 2: might break the habit, like it might break them asking you,
• 32:04
  Speaker 2: because they're going to fall into this idea that every
• 32:07
  Speaker 2: day Beck brings her lunch. I can't keep asking her. Great,
• 32:10
  Speaker 2: they're going to have to find another solution. And then
• 32:12
  Speaker 2: on the other times that maybe we've full, like, let's
• 32:14
  Speaker 2: be honest, I can't commit to bring my lunch every
• 32:16
  Speaker 2: single day to work. That's not a me thing. But
• 32:19
  Speaker 2: maybe I would do it to break this cycle. And
• 32:21
  Speaker 2: then when I start going back out for lunch, I go, oh,
• 32:23
  Speaker 2: why don't you come down and pick and then you
• 32:26
  Speaker 2: do separate transactions, or you let them go first, or
• 32:29
  Speaker 2: you kind of don't jump in with the debit card
• 32:33
  Speaker 2: to kind of save you'd be like, oh, yeah, you go.
• 32:36
  Speaker 2: I'm just thinking about what I want and kind of
• 32:39
  Speaker 2: doing it that way. Because I'm not saying that's the
• 32:41
  Speaker 2: right solution, because personally, I would probably have a conversation
• 32:45
  Speaker 2: if I felt comfortable to do so. But I'm also
• 32:47
  Speaker 2: aware that not every community member is as confrontational as
• 32:50
  Speaker 2: we are able to be, because we are pretty open
• 32:53
  Speaker 2: with money conversations for sure, Like in our team where
• 32:56
  Speaker 2: I was like, oh, how's your saving skull? Going, like
• 32:58
  Speaker 2: we know what's in each other's investment accounts, Like we're like, oh,
• 33:01
  Speaker 2: how much were those boots, Jess? And it's not a
• 33:04
  Speaker 2: weird question, but in like a corporate environment, can you
• 33:06
  Speaker 2: imagine if someone turned around and said, well, Jess, nice
• 33:09
  Speaker 2: cowboy boots. How much were they? You'd be like, what?
• 33:12
  Speaker 3: Yeah, I forget that.
• 33:13
  Speaker 2: It's not very normal to always talk about money, do
• 33:17
  Speaker 2: it all the time. I think people. I don't think
• 33:19
  Speaker 2: people would be surprised because it's us. But then I
• 33:22
  Speaker 2: think if you were in a more conservative environment, you'd
• 33:25
  Speaker 2: be like what understandably, Like the second I get a
• 33:28
  Speaker 2: good deal on deep Pop, I'm rolling into the office.
• 33:30
  Speaker 2: You should see the cardigan I just got it was
• 33:32
  Speaker 2: listed for one hundred and eighty new I just got
• 33:34
  Speaker 2: it for forty bucks. Look at this so sick, Like
• 33:37
  Speaker 2: we're just proud of ourselves in our money conversations. And
• 33:39
  Speaker 2: I hope that everybody gets to that point. But I
• 33:42
  Speaker 2: did ask the community for their two cents. The first
• 33:44
  Speaker 2: question I asked was what would you do if you
• 33:46
  Speaker 2: were our community member just like you guys? Fifty nine
• 33:49
  Speaker 2: percent said that they would have an honest conversation love.
• 33:52
  Speaker 2: Twenty four percent said that they would distance themselves. Understandable, yes,
• 33:57
  Speaker 2: but also that could put a spanner in the world.
• 34:00
  Speaker 2: From a workplace, you got to manage the dynamic. Yeah,
• 34:04
  Speaker 2: like it's a hard Like, I get it, but I
• 34:06
  Speaker 2: find that's a hard one. Seventeen percent said, maybe you
• 34:10
  Speaker 2: just say it's their shout today. Yeah, let's see how
• 34:13
  Speaker 2: that goes.
• 34:13
  Speaker 3: See.
• 34:14
  Speaker 2: Yeah, a great idea. Actually, I've got some work to
• 34:17
  Speaker 2: finish your shout today. Do you want to get me
• 34:19
  Speaker 2: a like salad sandwich? Thanks? I doubt they'd ever ask again.
• 34:24
  Speaker 7: Yeah, yeah, And.
• 34:25
  Speaker 2: Then less than one percent of you said, I'm just
• 34:27
  Speaker 2: going to keep paying to avoid the drummer. Next question
• 34:31
  Speaker 2: I asked was do you struggle to say no when
• 34:33
  Speaker 2: people ask you to shout them food. Fifty percent of
• 34:36
  Speaker 2: you said it depends on who not a work colleague,
• 34:39
  Speaker 2: Twenty five percent said no, I'm the boundaries queen, and
• 34:43
  Speaker 2: then twenty five percent said no, I'm a softy. Yeah
• 34:46
  Speaker 2: we do and relatable. Then I obviously was like all right,
• 34:50
  Speaker 2: the two cents getting my dms? What have you got
• 34:53
  Speaker 2: to say? First person said, she won't starve if you
• 34:57
  Speaker 2: start saying no, she survived for years before she met you.
• 35:01
  Speaker 2: This is true, but I feel like she's starving and
• 35:03
  Speaker 2: I can't have that. You know, I was born to
• 35:06
  Speaker 2: be a mum, Like I literally was asked Jess. The
• 35:08
  Speaker 2: second you get in my house, I'm like, you hungry,
• 35:10
  Speaker 2: you're thirsty. What do you need? Jess will say, oh, no,
• 35:12
  Speaker 2: I'm fine. I'll be like, well, I've got cookies.
• 35:15
  Speaker 3: I'm a co worker that never pays for my lunch
• 35:16
  Speaker 3: because you're trying about it for me.
• 35:18
  Speaker 4: That's so cute.
• 35:19
  Speaker 2: You just come and work at she's on the money,
• 35:20
  Speaker 2: because like, if I can pay your lunch, I do try.
• 35:23
  Speaker 2: Next one is have an emergency tint of tuna to
• 35:26
  Speaker 2: offer support request may your support requests may drop when
• 35:31
  Speaker 2: the food offered isn't fun anymore.
• 35:33
  Speaker 3: That's actually a great one, like a little chip. I've
• 35:35
  Speaker 3: got a children advice in the door if you want to.
• 35:37
  Speaker 3: That's actually a nice, like yeah, ground solution.
• 35:39
  Speaker 2: That's cute too, because it's like, oh, I've got like
• 35:41
  Speaker 2: a little option. You can't be mad at that ye true.
• 35:45
  Speaker 2: Next person said, if the op is hesitant to have
• 35:47
  Speaker 2: the conversation, suggests that they reframe it as a welfare check.
• 35:51
  Speaker 2: Another person said, think of a one liner to say
• 35:54
  Speaker 2: and practice it. Sorry, that's not in my budget at
• 35:56
  Speaker 2: the moment, and to be able to shout you basically yeah.
• 36:00
  Speaker 2: Next person says, you're actually enabling that person's behavior. Humans
• 36:04
  Speaker 2: take advantage of people who give things away for free.
• 36:07
  Speaker 2: Not always, not always, but it's definitely human nature to
• 36:12
  Speaker 2: take more than you give unfortunately, like from a psychological
• 36:17
  Speaker 2: point of view, like if someone is giving us stuff,
• 36:20
  Speaker 2: we will take advantage of that. And the reason for
• 36:23
  Speaker 2: that is, like you're hoarding stuff for the winter, Like
• 36:26
  Speaker 2: you know, it's not us being mean or not grateful. Like,
• 36:30
  Speaker 2: gratefulness is actually a practice you have to embrace. It's
• 36:34
  Speaker 2: not something that it's one of. It is literally the
• 36:36
  Speaker 2: only emotion that you have to physically learn. And I
• 36:41
  Speaker 2: think that that's quite an interesting concept because everything and
• 36:45
  Speaker 2: I have obviously done a fair bit of study, but
• 36:47
  Speaker 2: every single emotion comes back to fear. And one of
• 36:50
  Speaker 2: the things that really like knocks it on the head
• 36:52
  Speaker 2: is like fear of not having something in the future,
• 36:55
  Speaker 2: so if someone offers you something, you're more likely to
• 36:57
  Speaker 2: say yes than no. And it doesn't mean it's reciprocal.
• 37:00
  Speaker 2: Nice people obviously reciprocal. I cannot imagine lending anything or
• 37:04
  Speaker 2: buying Beck anything without her being like, babe, i'll pay
• 37:07
  Speaker 2: you back. I'll do A good person who practices gratitude,
• 37:11
  Speaker 2: But not everyone is like that got you anyway? Two
• 37:15
  Speaker 2: more second, last one, maybe you have a conversation around
• 37:18
  Speaker 2: well being. Most businesses have an EAP that can help
• 37:21
  Speaker 2: with budgeting.
• 37:22
  Speaker 3: Oh that's good.
• 37:23
  Speaker 2: And then the last one, which is self absorbed, says,
• 37:27
  Speaker 2: why don't you just email her a link to that
• 37:29
  Speaker 2: she's on the money podcast or newsletter? Do that to
• 37:33
  Speaker 2: even all your friends who aren't struggling this afternoon. This afternoon,
• 37:37
  Speaker 2: just forward your newsletters to all of your friends. Would
• 37:40
  Speaker 2: be like, this newsletter is lit to We've got a
• 37:43
  Speaker 2: lot of time and energy into making that stuff juicy. Anyway,
• 37:47
  Speaker 2: that's place to leave the funniest of people. Oh my goodness,
• 37:54
  Speaker 2: all right, let's go before I go on another round
• 37:56
  Speaker 2: about lunches your shout today. I fear it might be.
• 38:03
  Speaker 2: I fear it might.
• 38:05
  Speaker 7: I can't And I'm also like, no, you came all
• 38:07
  Speaker 7: the way to work like, oh that wait, it worked
• 38:12
  Speaker 7: just I'm like, no, you came here, you work for me,
• 38:14
  Speaker 7: like I should be looking after you.
• 38:17
  Speaker 2: All Right, let's go. We will see you bright nearly
• 38:19
  Speaker 2: on Monday morning for a money diary. Until then, have
• 38:21
  Speaker 2: a really beautiful weekend and we'll see you then. Bye, guys,
• 38:24
  Speaker 2: Bye bye guys. Did buy shared on?
• 38:31
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• 38:34
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• 38:38
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• 38:41
  Speaker 8: to make an investment or financial decision. If you do
• 38:44
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• 38:47
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• 38:49
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• 38:51
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• 38:55
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• 38:56
  Speaker 2: Sheper pty ltd ABN three
• 38:58
  Speaker 8: Two one is six four nine two seven seven zero
• 39:01
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• 39:04
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