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Should You Risk Buying Property With Family? · She's On The Money

• 0:00
  Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud Order
• 0:05
  Speaker 1: Order Kernie Whoalbury and a waddery woman. And before we
• 0:08
  Speaker 1: get started on She's on the Money podcast, I would
• 0:11
  Speaker 1: like to acknowledge the traditional custodians of the land of
• 0:14
  Speaker 1: which this podcast is recorded on a wondery country, acknowledging
• 0:18
  Speaker 1: the elders, the ancestors and the next generation coming through
• 0:23
  Speaker 1: as this podcast is about connecting, empowering, knowledge sharing and
• 0:27
  Speaker 1: the storytelling of you to make a difference for today
• 0:31
  Speaker 1: and lasting impact for tomorrow.
• 0:33
  Speaker 2: Let's get into it.
• 0:34
  Speaker 3: She's on the Money. She's on the Money.
• 0:57
  Speaker 4: Hello, and welcome to She's on the Money. The cast
• 1:00
  Speaker 4: the mag's personal finance fun especially on Fridays. It's our
• 1:04
  Speaker 4: favorite day of the week because this week we're getting
• 1:06
  Speaker 4: the team together and we are celebrating you. How incredible
• 1:09
  Speaker 4: She's on the Money community. First cab off the rank.
• 1:12
  Speaker 4: We've got Miss Grichin. She's going to be sharing some
• 1:15
  Speaker 4: money wins and confessions from the community. Miss bech Sayed
• 1:18
  Speaker 4: has a few broke tips for us. Beck I actually
• 1:21
  Speaker 4: have a tip.
• 1:21
  Speaker 2: To add this week.
• 1:23
  Speaker 4: I don't know if it's a good tip, but I
• 1:25
  Speaker 4: sent the TikTok of it to Jess yesterday. No, no,
• 1:29
  Speaker 4: it's not. Well, it's not a money win because I
• 1:31
  Speaker 4: didn't buy it. It's like a tip.
• 1:33
  Speaker 2: You can have it, you can have it, but it'll
• 1:35
  Speaker 2: be like a coy.
• 1:38
  Speaker 4: Thank god, thank god he was on TikTok again, like
• 1:42
  Speaker 4: I live there. We're going to be answering a money
• 1:45
  Speaker 4: dilemma this week. It's all about how to pay for
• 1:47
  Speaker 4: your egg freezing. And we've also got a juicy conversation
• 1:51
  Speaker 4: to have something that you slid into our d MS about.
• 1:53
  Speaker 4: We're going to be talking about buying property with a
• 1:56
  Speaker 4: family member before I ask you about how your weeks were,
• 2:00
  Speaker 4: My loves, do you know what today is? What? It
• 2:02
  Speaker 4: is the last day of intake for the Investing master Class,
• 2:06
  Speaker 4: and would you believe thousands of women have joined us now.
• 2:11
  Speaker 4: I am so excited about it, but I wanted to
• 2:14
  Speaker 4: mention it just right here at the top because it
• 2:16
  Speaker 4: is the last day. Doors are closing today. So if
• 2:19
  Speaker 4: you've been on the fence about jumping into the Investing
• 2:21
  Speaker 4: master Class you're not sure if it's for you, go
• 2:24
  Speaker 4: have a look at the website. We're going to put
• 2:25
  Speaker 4: all of the information in the show notes. Obviously, I'm
• 2:28
  Speaker 4: going to give you a discount if you use the
• 2:30
  Speaker 4: code podcast, you'll get a cheeky little discount at checkout.
• 2:34
  Speaker 4: But I'm really excited because it starts on Monday. The
• 2:38
  Speaker 4: reason we're closing doors is to make sure that everybody
• 2:41
  Speaker 4: gets in at the same time. They all have an
• 2:43
  Speaker 4: epic experience and we can like go through each module
• 2:47
  Speaker 4: live and we can drop it to make sure that
• 2:49
  Speaker 4: you are on top of it, because I feel like
• 2:51
  Speaker 4: sometimes you're like I've got all the best intentions in
• 2:53
  Speaker 4: the world, and then you don't do it, so it's
• 2:55
  Speaker 4: like kind of us holding you accountable. There are already
• 2:58
  Speaker 4: hundreds of women in our Facebook group as well talking
• 3:01
  Speaker 4: about how excited they are.
• 3:03
  Speaker 2: There's a few posts I've.
• 3:04
  Speaker 4: Seen where people are looking for accountability partners, and I
• 3:07
  Speaker 4: just think it's the sweetest thing ever because you can
• 3:09
  Speaker 4: just see that they're making friends with one another, and
• 3:11
  Speaker 4: I honestly cannot wait to jump in. So if you
• 3:14
  Speaker 4: haven't dove in yet and you really want to the
• 3:17
  Speaker 4: Code is podcast because obviously, like we're going to need
• 3:19
  Speaker 4: a discount, but also I don't mean to put the
• 3:22
  Speaker 4: pressure on, I haven't before doors do close. So if
• 3:26
  Speaker 4: you want to be in it to literally win it
• 3:28
  Speaker 4: or like invest it, you need to do that sooner
• 3:31
  Speaker 4: rather than later. But moving on, my loves, how are
• 3:34
  Speaker 4: your weeks?
• 3:34
  Speaker 3: Goohed?
• 3:35
  Speaker 5: Happy public holiday to everyone in Melbourne and gets a
• 3:37
  Speaker 5: day off for the footy?
• 3:38
  Speaker 2: Love that for us? Wait is that this week?
• 3:40
  Speaker 5: Yes?
• 3:40
  Speaker 4: Oh so have Friday off? Yeh, you're coming to work
• 3:46
  Speaker 4: on Friday.
• 3:47
  Speaker 1: No.
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  Speaker 4: I love being the boss and knowing everything about my
• 3:50
  Speaker 4: own vis.
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  Speaker 2: Will come.
• 3:53
  Speaker 4: That's cool. Do you know what's actually quite funny? I
• 3:55
  Speaker 4: saw Gabby who used to work at She's on the Money,
• 3:58
  Speaker 4: who now works for the af L.
• 4:00
  Speaker 2: She was telling me all about this yesterday.
• 4:02
  Speaker 4: She's like, oh, they I need to borrow all address
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  Speaker 4: because you know I've got all these.
• 4:05
  Speaker 2: Grand final things.
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  Speaker 4: I did not put two and two together that she
• 4:09
  Speaker 4: borrowed a dress because it was this week. I was
• 4:12
  Speaker 4: just like, yeah, come raid my wardrobe. All good or good,
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  Speaker 4: no worries. She did tell me it was for Friday.
• 4:18
  Speaker 4: My brain, my brain, no comprehendo.
• 4:20
  Speaker 6: No, it's shockingly not all consuming this year, Like I
• 4:24
  Speaker 6: just feel like I haven't heard or seen but maybe I'm.
• 4:27
  Speaker 2: If it's your team. It depends.
• 4:28
  Speaker 6: Yeah, and then there are no Melbourne teams and this. Yeah,
• 4:31
  Speaker 6: maybe that's why.
• 4:32
  Speaker 4: I don't know why I am so useless. But I
• 4:35
  Speaker 4: also did watch The Brownlow, so like, yeah, you know
• 4:43
  Speaker 4: you were saying, oh, like I feel like it's not anywhere.
• 4:46
  Speaker 4: I'm like, oh, it's been everywhere for me. Yeah, And
• 4:49
  Speaker 4: I've been all over TikTok looking at all the girls dresses.
• 4:52
  Speaker 4: Like because when I say I watched the Brown Low,
• 4:55
  Speaker 4: I just watched the red carpet section like a normal person.
• 4:59
  Speaker 2: Yeah, Like that's it.
• 5:00
  Speaker 4: I just want to see the dresses. I want to
• 5:02
  Speaker 4: see what's going on. I want to see who brought who,
• 5:05
  Speaker 4: and then I want to go to bed early. But
• 5:07
  Speaker 4: about that, Jess, You've got a public holiday, so this
• 5:10
  Speaker 4: week is a good week.
• 5:11
  Speaker 2: Thrilled. I have a racket racket club, so hopefully.
• 5:15
  Speaker 4: I've heard about racket clubs.
• 5:17
  Speaker 2: Six grees of separation.
• 5:19
  Speaker 5: It's like a consignments rate.
• 5:20
  Speaker 2: It's like you sell your.
• 5:20
  Speaker 5: Clothes, you rent a rack basically you and I've done
• 5:23
  Speaker 5: punter markets before where you stand there for hours on
• 5:26
  Speaker 5: end and you're selling your stuff and you're hggling. And
• 5:28
  Speaker 5: it was good it was fun.
• 5:29
  Speaker 2: We had a good time. Gillies now brought their pets.
• 5:32
  Speaker 4: I got to drink coffee, I got to meet heaps
• 5:34
  Speaker 4: of people. Also, I love a little bit of a
• 5:37
  Speaker 4: circular economy really absolutely. We're just talking about my girlfriend
• 5:41
  Speaker 4: coming over because she borrowed one of my dresses.
• 5:44
  Speaker 2: I love that reduced free recycling.
• 5:46
  Speaker 5: Yeah, so it's like a similar thing, except do you
• 5:48
  Speaker 5: render it for like a longer period. So I a
• 5:50
  Speaker 5: girlfriend and I went halves. So we've got like this
• 5:53
  Speaker 5: rack for two weeks.
• 5:54
  Speaker 2: It's I think.
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  Speaker 5: About the same price point as like a one day
• 5:57
  Speaker 5: at like a like a Camwell market.
• 5:58
  Speaker 4: That's cool because racket I was like taking off. I've
• 6:01
  Speaker 4: seen it all over social media again chronically online over here.
• 6:06
  Speaker 5: And it's co founded by Alice who used to work
• 6:09
  Speaker 5: on Jason Lauren.
• 6:10
  Speaker 2: Yeah that's right. Yeah, that's kind of fun.
• 6:12
  Speaker 5: She used to wear for iHeart and then when you know,
• 6:15
  Speaker 5: obviously that and all the redundanties and stuff happened, she
• 6:17
  Speaker 5: and her friends started this business and they're just opening
• 6:19
  Speaker 5: like their third.
• 6:20
  Speaker 2: Styeah like they do one, they've now got three. Isn't
• 6:23
  Speaker 2: that iNeST really cool? Yeah?
• 6:25
  Speaker 5: And so I said, I've done my big sprinkling. I've
• 6:27
  Speaker 5: been selling stuff, so now I've just dumped it all.
• 6:29
  Speaker 5: I mean, I dump it all there for the weekend.
• 6:30
  Speaker 4: Is that Scanlin dress that I saw on deep Pop
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  Speaker 4: going to be there?
• 6:34
  Speaker 2: Absolutely? Oh so you've got good stuff?
• 6:36
  Speaker 1: Yeah?
• 6:36
  Speaker 2: Oh I love it? So what you you borrow a
• 6:39
  Speaker 2: whole rap?
• 6:39
  Speaker 4: Yeah? I retr clothes in the shop and they really
• 6:42
  Speaker 4: and go to the shop and like basically go and
• 6:44
  Speaker 4: purchase your stuff and then they sell it for you.
• 6:47
  Speaker 4: Obviously they're going to clip the ticket on the way through.
• 6:50
  Speaker 2: But then at the.
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  Speaker 4: End of the two weeks they'll be like, hey, Jess,
• 6:52
  Speaker 4: come pick up the stuff that you haven't sold.
• 6:55
  Speaker 2: Right and new money. And I'm just doing it.
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  Speaker 5: Like the stuff that I have on deepop is still
• 6:59
  Speaker 5: on deeper because you can track it online what has sold.
• 7:02
  Speaker 5: Like if something sells at Racket Club, I'll just market
• 7:04
  Speaker 5: is sold on deep Op. So it's like smiling and
• 7:08
  Speaker 5: I don't have to stand there all day like it
• 7:09
  Speaker 5: just as a shopkeeper who does it all at the lovely.
• 7:12
  Speaker 2: Great How good is that? Okay?
• 7:14
  Speaker 6: I'm so sorry I know that we're probably I don't
• 7:16
  Speaker 6: want to take up too much time, but you're renting
• 7:18
  Speaker 6: the physical rack. I'm thinking you're renting a rack of
• 7:20
  Speaker 6: clothes and just wearing them for the week.
• 7:24
  Speaker 2: They're I understand, I understand. I'm so sorry. Why are
• 7:27
  Speaker 2: you sorry?
• 7:29
  Speaker 4: Honestly, if you were thinking it's someone somewhere, we're sitting
• 7:32
  Speaker 4: in their club being jess. You have so many clothes,
• 7:35
  Speaker 4: why would you rent a whole rack of clothes to wear.
• 7:38
  Speaker 2: I hope there's at least one person sitting at a
• 7:41
  Speaker 2: club club.
• 7:43
  Speaker 4: Slide into my DM so that I can show back,
• 7:45
  Speaker 4: so that we can all feel better about this situation. Yes, please, no,
• 7:49
  Speaker 4: but I love that borough a friend's dress go to
• 7:52
  Speaker 4: racket club, like it's a good idea. I was thinking
• 7:55
  Speaker 4: about that when I got dressed this morning, because I
• 7:57
  Speaker 4: put on this skirt that I'm wearing.
• 7:59
  Speaker 5: I love it.
• 8:01
  Speaker 2: I've had it for ten plus years.
• 8:03
  Speaker 4: I was putting it on this morning and I was like, oh,
• 8:05
  Speaker 4: this is probably not a good thing.
• 8:07
  Speaker 2: But like Scanlon.
• 8:08
  Speaker 4: Theodore used to be, I won't say accessible, it was
• 8:12
  Speaker 4: like a bit more expensive. But more recently they've gone
• 8:15
  Speaker 4: insane with their prices, Like I cannot justify it. Like
• 8:18
  Speaker 4: I used to be like, oh this is you know,
• 8:21
  Speaker 4: obviously very bougie purchased, but like two hundred and fifty
• 8:24
  Speaker 4: three hundred dollars for a skirt, Like I could find
• 8:27
  Speaker 4: a way to make it work in my budget because
• 8:29
  Speaker 4: I'm a fashion girly.
• 8:30
  Speaker 2: But now they're like eight hundred dollars.
• 8:32
  Speaker 4: I'm out.
• 8:33
  Speaker 2: I'm out.
• 8:33
  Speaker 5: Dress times are the only reason I have it is
• 8:35
  Speaker 5: I got it at a warehouse, but it was originally
• 8:37
  Speaker 5: I think, like seven hundred dollars.
• 8:39
  Speaker 4: It's insane, right, And I was just thinking, hey, I've
• 8:42
  Speaker 4: got pretty good cosper wear out of this skirt. Like
• 8:45
  Speaker 4: I tried to track back when I got it, and
• 8:47
  Speaker 4: I was like, I don't know when I got it,
• 8:49
  Speaker 4: but I remember going on dates with my husband wearing
• 8:52
  Speaker 4: this skirt when we first met.
• 8:53
  Speaker 2: And then I was like, oh, that was a really
• 8:55
  Speaker 2: long time ago.
• 8:56
  Speaker 4: And then I was like, oh, this skirt's probably ten
• 8:59
  Speaker 4: isn't it.
• 9:00
  Speaker 5: Can say pieces that last that long, they're good quality.
• 9:07
  Speaker 4: I know. I was actually kind of low key chuffed.
• 9:10
  Speaker 4: I was like, this is like that's cool.
• 9:12
  Speaker 2: And it comes around, doesn't it totally?
• 9:14
  Speaker 4: Do you know why I've pulled it back out because
• 9:16
  Speaker 4: I was coming back, you know, I saw something similar
• 9:18
  Speaker 4: online and I.
• 9:19
  Speaker 2: Was like, I think I have something like that perfect.
• 9:21
  Speaker 2: I never throw out your clothes.
• 9:23
  Speaker 4: Anyway, Beck, Yes, enough about racket clothes and my outfits.
• 9:28
  Speaker 2: How's your week being really good?
• 9:29
  Speaker 6: I was actually going to tell you guys before we
• 9:31
  Speaker 6: started this, but I didn't want to take up too
• 9:32
  Speaker 6: much time.
• 9:33
  Speaker 2: But I was diagnosed with ADHD yesterday.
• 9:37
  Speaker 4: And it's so funny because offline I was like, oh
• 9:40
  Speaker 4: my god, so my ADHD meds x y Z and
• 9:44
  Speaker 4: didn't even manage to.
• 9:45
  Speaker 2: Tell me that.
• 9:45
  Speaker 6: No, while I was like, oh, we probably should start,
• 9:48
  Speaker 6: and I was like, I felt bad that I was
• 9:50
  Speaker 6: taking too much time, So I was like, maybe just
• 9:51
  Speaker 6: like dropping and then we'll.
• 9:53
  Speaker 4: We'll talk about it on the pod to talk about
• 9:56
  Speaker 4: medical history, just straight.
• 9:58
  Speaker 2: On the post. We never do. Oh ye, god, congratulations,
• 10:02
  Speaker 2: thank you. I do feel validated.
• 10:04
  Speaker 4: I know that.
• 10:04
  Speaker 6: Like what I was saying to my psychiatrist in like
• 10:07
  Speaker 6: the most chaotic and ironically like yeah, back and forth
• 10:10
  Speaker 6: kind of way, was I was worried that I wouldn't
• 10:12
  Speaker 6: be taken seriously because so many people are a kind
• 10:15
  Speaker 6: of realizing that they may have ADHD all at the
• 10:17
  Speaker 6: same time.
• 10:18
  Speaker 2: That's because we all do. Yeah, I think that a
• 10:20
  Speaker 2: lot of people do.
• 10:21
  Speaker 6: Yeah, I was like awful in school, but not from
• 10:24
  Speaker 6: lack of like, you know, intelligence or the capacity to learn.
• 10:29
  Speaker 6: It was purely that, like I just yeah, I think
• 10:32
  Speaker 6: that my brain has always worked in a certain way.
• 10:34
  Speaker 6: I'm glad that I finally have done something about it.
• 10:36
  Speaker 6: I'm like, what could I have been if I'm impressed?
• 10:38
  Speaker 4: I'm actually so impressed. What was your process? Like, you know,
• 10:41
  Speaker 4: complete side. No, I know people listening are going to
• 10:44
  Speaker 4: be like, oh, I've been thinking about this or you know,
• 10:46
  Speaker 4: I'm not sure what this looks like. And I'm no
• 10:48
  Speaker 4: help because I got diagnosed at like eighteen nineteen, like
• 10:51
  Speaker 4: I've known for my entire career.
• 10:54
  Speaker 2: I lied about it for.
• 10:55
  Speaker 4: A long time, if we're being honest, because I was
• 10:56
  Speaker 4: embarrassed off it and now everyone's talking about it. I
• 10:58
  Speaker 4: was like, oh, so it's like not the worst thing ever.
• 11:01
  Speaker 4: Oh okay, thank you for validating me. But how long
• 11:04
  Speaker 4: did it take you to get diagnosed?
• 11:05
  Speaker 2: So for me, I was really lucky.
• 11:07
  Speaker 6: I have heard the people go to psychologists like twenty
• 11:09
  Speaker 6: times and then go to a psychiatrist blah blah blah.
• 11:12
  Speaker 6: But I went to my doctor in Brunsick, East I
• 11:15
  Speaker 6: love her with my whole heart. And she was like,
• 11:18
  Speaker 6: I'll find you the cheapest psychiatrist. Didn't I didn't have
• 11:21
  Speaker 6: to go to a psychologist.
• 11:22
  Speaker 4: No, psychologists can't like diagnose anyway.
• 11:25
  Speaker 6: And I think that I thought that they were the
• 11:27
  Speaker 6: ones to refer to you, right, But they can, they can,
• 11:30
  Speaker 6: they can, they will. But I went to my GP
• 11:33
  Speaker 6: and I told her about this, and I was like,
• 11:34
  Speaker 6: I think I want to maybe see and then she
• 11:35
  Speaker 6: was like cool. She set me up an appointment with
• 11:38
  Speaker 6: a psychiatrist of telehealth in Tasmania. It's the cheapest that
• 11:41
  Speaker 6: she could find and it was.
• 11:43
  Speaker 2: What g six hundred out of pocket wow? Thousands wow?
• 11:48
  Speaker 2: And so I went to her. She referred me.
• 11:51
  Speaker 6: I had an appointment bing bong bang literally one appointment yesterday,
• 11:56
  Speaker 6: and in that same appointment he was like you you
• 11:59
  Speaker 6: fit criteria blah blah blah. And then so now I
• 12:02
  Speaker 6: have to go back to my GP when it's already
• 12:04
  Speaker 6: she's gonna give me something for that.
• 12:07
  Speaker 4: Oh, she's gonna manage you strategy.
• 12:09
  Speaker 2: How good? Yeah, So I think it's Yeah, it's been great.
• 12:14
  Speaker 2: It's a journey. It's a journey.
• 12:15
  Speaker 4: It's very validating knowing that it's not just you totally,
• 12:19
  Speaker 4: like it's yeah, I totally get that, all right, totally.
• 12:22
  Speaker 4: Let's jump into the episode because I would love to
• 12:25
  Speaker 4: talk about ADHD all day because it's like super pervy
• 12:28
  Speaker 4: but like your medical history like probably true, like she's
• 12:32
  Speaker 4: on the money vibes like it is it is.
• 12:34
  Speaker 2: But we won't push it. You know, sure you can
• 12:37
  Speaker 2: take it. Yeah, don't worry.
• 12:40
  Speaker 4: I'm gonna But jess, what have you pulled out of
• 12:42
  Speaker 4: the community this week? I feel like there's been a
• 12:44
  Speaker 4: lot of good money wins. I've been in that thread
• 12:47
  Speaker 4: this week replying and asking for pet tax.
• 12:50
  Speaker 2: So what have you pulled out? Alrighty?
• 12:52
  Speaker 5: My first win this week comes from Cat who said
• 12:55
  Speaker 5: she has gotten on the train. She's made about three
• 12:57
  Speaker 5: hundred bucks last week by selling things she no longer
• 12:59
  Speaker 5: needed on Facebook Marketplace. Things were selling super quickly, and
• 13:03
  Speaker 5: she said it's a win all round because now she
• 13:05
  Speaker 5: has less clutter as well, which we love. Next, I've
• 13:08
  Speaker 5: got money win from Katie who said it's that time
• 13:10
  Speaker 5: of year where a cost co membership is one hundred
• 13:14
  Speaker 5: and thirty dollars for executive, but you can get cash
• 13:17
  Speaker 5: back on it to reduce the cost of your annual fee,
• 13:19
  Speaker 5: which is not something I'd ever thought about looking for.
• 13:21
  Speaker 5: If you're someone who has a cost Co membership, apparently
• 13:24
  Speaker 5: you can access cash back to reduce it.
• 13:25
  Speaker 4: Really one hundred and thirty dollars.
• 13:27
  Speaker 5: That's the executive membership, which, if I'm being honest, I
• 13:29
  Speaker 5: don't really know what that means.
• 13:31
  Speaker 4: That sounds bougie for somebody shopping at She's goad.
• 13:34
  Speaker 5: All that is sixty five dollars for a normal oh,
• 13:37
  Speaker 5: with no incentives paid off. So I'm not too sure.
• 13:41
  Speaker 5: I'm not entirely sure. But she said she got ninety
• 13:43
  Speaker 5: six dollars cash back. Oh okay, I don't know.
• 13:47
  Speaker 2: So maybe that from one thirty that's a good deal. Yeah,
• 13:50
  Speaker 2: so of that look to know, I'm a little skimned
• 13:52
  Speaker 2: on the details.
• 13:53
  Speaker 5: But all I'm saying is you have a cost Co membership,
• 13:54
  Speaker 5: or you want to look into a cost Co membership.
• 13:56
  Speaker 2: Now it's the time to shine.
• 13:57
  Speaker 5: Yeah, I have a look for some cash back because
• 13:59
  Speaker 5: that's a great deal to me. Next, I've got a
• 14:01
  Speaker 5: money win from Meil who said she's trying to make
• 14:04
  Speaker 5: an extra thousand dollars by Christmas. Guys, there's only ninety
• 14:09
  Speaker 5: two days until Christmas. I'm sure.
• 14:11
  Speaker 2: Yeah, that's disgusting, just for go to get about it.
• 14:14
  Speaker 2: The Christmas decoration throughout the shops.
• 14:16
  Speaker 5: So do as Mal is doing, Start thinking, start saving
• 14:18
  Speaker 5: if you haven't already. She said, She's banked two hundred
• 14:20
  Speaker 5: and seventy three bucks this week from a combo of
• 14:22
  Speaker 5: marketplace sales and surveys.
• 14:25
  Speaker 4: I'm going to railroad this completely. Should we be inspired
• 14:28
  Speaker 4: by Meil and get a like one thousand dollars saving
• 14:32
  Speaker 4: tracker up so that people can save one thousand dollars
• 14:35
  Speaker 4: before Christmas? Definitely, they even work towards it, Like we're
• 14:40
  Speaker 4: not talking like, you know, make a savings plan and
• 14:42
  Speaker 4: just direct debit it, like we're gonna find it, we're
• 14:44
  Speaker 4: gonna hustle it up, we're gonna like depop it, we're
• 14:46
  Speaker 4: gonna Facebook marketplace that, we're gonna do some surveys like
• 14:49
  Speaker 4: but we'll all try and get to one thousand dollars
• 14:52
  Speaker 4: before Christmas. And even if you don't get to one
• 14:54
  Speaker 4: thousand dollars and you're only able to find fifty bucks,
• 14:56
  Speaker 4: like that's fifty dollars you didn't have before Christmas, and
• 14:59
  Speaker 4: like that's gonna help too.
• 15:00
  Speaker 2: So true that's actually great.
• 15:02
  Speaker 4: I am going to get a little sheet together. We're
• 15:05
  Speaker 4: going to do this and it will be in our
• 15:07
  Speaker 4: Facebook group today.
• 15:10
  Speaker 2: There you go.
• 15:10
  Speaker 5: Everybody's going to have a little look sie for that
• 15:12
  Speaker 5: because it'll be here before you know it. Next, I've
• 15:15
  Speaker 5: got a money win from Shanade who said money win.
• 15:18
  Speaker 5: My local fruit market had a case of jam strawberries,
• 15:22
  Speaker 5: which is eighteen punnets for ten dollars. What she picked
• 15:27
  Speaker 5: the best punnets for fresh eating and then made a
• 15:29
  Speaker 5: batch with the rest of homemade jam.
• 15:30
  Speaker 2: That's so cute.
• 15:32
  Speaker 4: Also coming into Christmas, so that would be a really
• 15:35
  Speaker 4: cute present. Yeah, that's quite Cutely imagine if someone gifted
• 15:38
  Speaker 4: your homemade jam.
• 15:40
  Speaker 2: That was so sweet?
• 15:42
  Speaker 5: Yeah?
• 15:42
  Speaker 2: Literally, Also ever made jam?
• 15:44
  Speaker 4: Maybe I should make jam?
• 15:46
  Speaker 6: Yeah, I think we should be making jams because it's
• 15:48
  Speaker 6: like it's such a sweet gesture, isn't It's like you're
• 15:50
  Speaker 6: over the.
• 15:51
  Speaker 3: Stove, yeah, for hours.
• 15:53
  Speaker 5: And the little jars are so cute. So you can
• 15:55
  Speaker 5: make a little label strawberries.
• 15:56
  Speaker 4: I love cheap money win, but like, do we have
• 15:59
  Speaker 4: faced jams? I'm a raspberry kind of goal.
• 16:03
  Speaker 2: I'm strawberry, Yeah, strawberry as well.
• 16:05
  Speaker 4: See we always have strawberry and raspberry in my house
• 16:07
  Speaker 4: because I always have raspberry and my husband's like el
• 16:09
  Speaker 4: raspberry only eats strawberry.
• 16:11
  Speaker 2: The chunks freak me out. All of it freaks me out.
• 16:14
  Speaker 5: Or if you had something a little left of center
• 16:15
  Speaker 5: of BlackBerry jam, it's.
• 16:16
  Speaker 4: Quite nice, Okay, but that's really expecs pineapple can't really find.
• 16:24
  Speaker 2: It's like favorite, but she's like one thousand years old.
• 16:29
  Speaker 2: You leave her alone.
• 16:31
  Speaker 5: You cake whatever you want, buy it cheap, make the jam,
• 16:33
  Speaker 5: you preserve it a last start now and by Christmas
• 16:36
  Speaker 5: you'll have had plenty of time to make them all.
• 16:38
  Speaker 2: Yes out of ten. Love that. That's a great one.
• 16:42
  Speaker 5: And lastly, this week I have money win from Emma
• 16:44
  Speaker 5: who said it's a current money loss, but a future
• 16:46
  Speaker 5: money win. She said, thanks to she's in the money
• 16:49
  Speaker 5: and listening to the show, she became aware of the
• 16:51
  Speaker 5: hit that her superannuation took when she took a year
• 16:54
  Speaker 5: off of work for maternity leave. So she worked out
• 16:58
  Speaker 5: what she would have added to her to be she
• 17:00
  Speaker 5: had been working during that time, and she's working at
• 17:03
  Speaker 5: effectively paying it back. So she's just started doing it
• 17:06
  Speaker 5: with pre tax contributions through her work, as well as
• 17:09
  Speaker 5: chucking any extra money in like a tax return and
• 17:11
  Speaker 5: stuff like that, and she's going to keep working await
• 17:14
  Speaker 5: until she pays back that full year.
• 17:16
  Speaker 2: I'm obsessed. Yeah, what a queen.
• 17:18
  Speaker 4: Can you imagine how far ahead she's going to be
• 17:20
  Speaker 4: when she retires, Like, just oh, the impact of that.
• 17:23
  Speaker 4: And I know that she probably calculated and was like,
• 17:25
  Speaker 4: all right, so you know with twelve months off, you know,
• 17:28
  Speaker 4: the average person you know probably contributes anywhere between six
• 17:31
  Speaker 4: and ten thousand dollars to Super each year. Like you go, oh,
• 17:35
  Speaker 4: maybe that's not the biggest deal ever, but that could
• 17:38
  Speaker 4: compound over your lifestyle, that could compound over your lifetime,
• 17:43
  Speaker 4: and by the time you retire, it's probably worth more
• 17:45
  Speaker 4: than one hundred grand. Like, can you imagine being like
• 17:47
  Speaker 4: beck by making a decision today, you're gonna have like
• 17:50
  Speaker 4: another six figures in your Super.
• 17:52
  Speaker 2: Yeah, you're just so signy well done. I love this.
• 17:55
  Speaker 2: I love it.
• 17:56
  Speaker 5: That's it for me this week.
• 17:57
  Speaker 4: All right, Well, the tables are turning back.
• 18:00
  Speaker 2: It is your time to shine. What are you broke tears?
• 18:03
  Speaker 2: What are you bringing to the table? Okay, so I
• 18:05
  Speaker 2: notice a bit rogue, but I do have one from
• 18:07
  Speaker 2: the car. I did not see this.
• 18:11
  Speaker 6: For surprises, one from the community that's new, one for
• 18:14
  Speaker 6: myself that's like semi new. And then I also thought,
• 18:17
  Speaker 6: because a few people email me or sorry, I should
• 18:20
  Speaker 6: say message me. Email is very I don't know it's
• 18:23
  Speaker 6: still current. Anyway, someone messaged me about a few things
• 18:27
  Speaker 6: that I have mentioned before, so I thought i'd just
• 18:28
  Speaker 6: give them a shout out as a combined community broke.
• 18:35
  Speaker 2: You know what, it's your segment.
• 18:36
  Speaker 4: You do whatever makes your heart happy.
• 18:38
  Speaker 2: Thank you so much.
• 18:40
  Speaker 6: So this one comes from a multitude of people, so Libby.
• 18:44
  Speaker 6: As we have mentioned, it's a audiobook subscription from your
• 18:49
  Speaker 6: local library free audiobooks.
• 18:51
  Speaker 2: Great, great Great. I do want to also give another
• 18:53
  Speaker 2: shout out to eat club.
• 18:55
  Speaker 6: I know it's been a while since I mentioned it,
• 18:56
  Speaker 6: but a club is an app where you can you'll
• 18:58
  Speaker 6: be able to put your location in there. It will
• 19:00
  Speaker 6: search for cheap specials around you from like you know, restaurants,
• 19:04
  Speaker 6: take away all this stuff like really cheap food. Great
• 19:07
  Speaker 6: great great. Those are the main two I wanted to mention,
• 19:09
  Speaker 6: So I'm gonna there are a few others in here
• 19:11
  Speaker 6: that have popped up a few times, but I'll save
• 19:14
  Speaker 6: those for next week.
• 19:16
  Speaker 2: Now.
• 19:17
  Speaker 6: The new one we have comes from Maddie. Maddie says,
• 19:22
  Speaker 6: the more air that's in your fuel tank, the fast
• 19:24
  Speaker 6: you petrol will evaporate. So to get most out of
• 19:26
  Speaker 6: your fuel, regularly top it up rather than letting it
• 19:29
  Speaker 6: drop to almost empty. I did hear about this once
• 19:31
  Speaker 6: years ago. I was like, oh, it makes sense if
• 19:34
  Speaker 6: if there's more in there, yeah, tank, I mean, I'm
• 19:40
  Speaker 6: happy to save money. And it's always like rogue things
• 19:44
  Speaker 6: like that where don't get me wrong. I feel like
• 19:47
  Speaker 6: in this economy, anyone who has a full petrol tank is.
• 19:50
  Speaker 2: To check their privilege.
• 19:51
  Speaker 4: Like, if you're filling up your entire tank, like you
• 19:55
  Speaker 4: must be financially doing much better than most people. Totally,
• 19:58
  Speaker 4: Like that's a good position to be. But if you
• 20:00
  Speaker 4: can build it up over time and then you know,
• 20:04
  Speaker 4: consistently I had ten or twenty dollars worth of fuel
• 20:07
  Speaker 4: as you go, but try and keep it up instead
• 20:09
  Speaker 4: of letting it go all the way down to when
• 20:11
  Speaker 4: it dings at you and you're like, I know you're
• 20:13
  Speaker 4: not done. I know you're not done. I see you
• 20:16
  Speaker 4: had to put fuel in me, but I know there's
• 20:19
  Speaker 4: at least fifty k's there. I can see you.
• 20:21
  Speaker 5: I was laughing when you were saying it, because I
• 20:23
  Speaker 5: consistently will drive on zero like I have because r
• 20:27
  Speaker 5: ACV like three times because I see, which I know
• 20:31
  Speaker 5: is really bad for your Cartlets don't company.
• 20:32
  Speaker 2: But like I was just having a little gigle.
• 20:34
  Speaker 6: I was like in my mind, I was like, I
• 20:37
  Speaker 6: think my eyes are playing like one of them probably
• 20:40
  Speaker 6: sometimes looks bigger than the other one I'm reading.
• 20:41
  Speaker 2: I was like, Jess is laughing at my looking at
• 20:45
  Speaker 2: your no.
• 20:46
  Speaker 5: I was just literally imagine like remembering last week when
• 20:50
  Speaker 5: I drove like all the way to the city of zero,
• 20:54
  Speaker 5: living life.
• 20:55
  Speaker 2: On the edge.
• 20:56
  Speaker 4: Also, like that's from somebody who I know has a
• 20:59
  Speaker 4: very good in cash flow.
• 21:01
  Speaker 2: Sister.
• 21:01
  Speaker 5: Yes, it's like shocked that this is coming from me,
• 21:03
  Speaker 5: Like of all people I know, she's got the cash
• 21:06
  Speaker 5: for her fuel.
• 21:06
  Speaker 4: It's been set aside for the last six years.
• 21:09
  Speaker 6: I know, it's been totally You never go to the
• 21:11
  Speaker 6: petrol station with like you know how it says like
• 21:13
  Speaker 6: a minimum two leaders. Yeah, so many times I've done
• 21:16
  Speaker 6: that minimum two leaders. It has been like two dollars
• 21:18
  Speaker 6: twenty five cents, and I have it in the and
• 21:20
  Speaker 6: I have to walk up and be like, I always
• 21:22
  Speaker 6: left my wallet at home.
• 21:23
  Speaker 2: Really, I just this is all I wanted.
• 21:25
  Speaker 6: This is like, so if you need to pop up
• 21:28
  Speaker 6: your fuel one time, if you have the money one time,
• 21:31
  Speaker 6: and then just.
• 21:32
  Speaker 2: Try and keep go there with like five bucks, just
• 21:34
  Speaker 2: try and keep it up top.
• 21:36
  Speaker 6: So that way, it's also good for an emergency because
• 21:38
  Speaker 6: you're like, oh, I have no money this week, You're like, cool,
• 21:40
  Speaker 6: I actually have a full taker petrol.
• 21:42
  Speaker 2: So it's like it's a double twin win.
• 21:44
  Speaker 4: One thing that I will say has been helpful for
• 21:46
  Speaker 4: a few friends of mine who are not so good at,
• 21:49
  Speaker 4: you know, managing their money and their budget.
• 21:50
  Speaker 2: And their cash flow.
• 21:52
  Speaker 4: I've got a girlfriend who whenever she has some extra
• 21:55
  Speaker 4: cash in her bank account, because she just knows that
• 21:58
  Speaker 4: she's going to blow through it. I feel like she
• 22:00
  Speaker 4: gives beck vibes like she just and that's not a
• 22:03
  Speaker 4: bad thing. You just have to be aware of how
• 22:05
  Speaker 4: you're managing money. If she goes to the checkout, she
• 22:08
  Speaker 4: also buys a gift card for like ten or twenty
• 22:11
  Speaker 4: dollars and sticks it in her center console so that
• 22:14
  Speaker 4: when the time comes and she knows she can't afford fuel,
• 22:18
  Speaker 4: or she doesn't have cash in the bank. She's like,
• 22:20
  Speaker 4: I know, there's maybe like twenty or thirty dollars with
• 22:22
  Speaker 4: gift cards that I can use to pay.
• 22:25
  Speaker 2: For fuel in my center console.
• 22:27
  Speaker 4: So like that, I feel like it's a good little hack. Yeah,
• 22:30
  Speaker 4: it's not necessarily going to save you heaps of money,
• 22:32
  Speaker 4: but if you're the type of person that just runs
• 22:34
  Speaker 4: your bank account into the ground and you're always struggling
• 22:37
  Speaker 4: to keep the fuel going, that might be a hack
• 22:40
  Speaker 4: that works for you.
• 22:41
  Speaker 2: Totally. I think that's a really really good idea.
• 22:44
  Speaker 4: You can just hide it away and then you forget
• 22:46
  Speaker 4: about it, and then when you're desperate, you're like, good.
• 22:48
  Speaker 2: Oh my god, there is actually ten bucks there, Like
• 22:50
  Speaker 2: how good is that good? When that happens? And then
• 22:53
  Speaker 2: my one comes from myself an indie.
• 22:56
  Speaker 6: You guys are he'll love You'll in producer every now
• 22:59
  Speaker 6: and then she was talking about bi carb. I have
• 23:01
  Speaker 6: mentioned by car before that she was talking about how
• 23:03
  Speaker 6: she had like I don't want to shame her, but
• 23:05
  Speaker 6: she had an odor in her laund room, so she
• 23:08
  Speaker 6: put some bike carb on the lounge.
• 23:10
  Speaker 4: Indy, how's your stinky lounge, stinky.
• 23:12
  Speaker 2: Lound room going?
• 23:14
  Speaker 6: And She put it on her carpet on the lounge
• 23:16
  Speaker 6: and she just left overnight and then soaks everything, soaks
• 23:20
  Speaker 6: everything up, and then she just vacuumed it off and
• 23:21
  Speaker 6: it's completely gone.
• 23:22
  Speaker 2: She said. So it works for like laundry detergent.
• 23:24
  Speaker 6: You chuck some essential oils in with the laundry and
• 23:27
  Speaker 6: your bi car, but that's all you need. It's a
• 23:29
  Speaker 6: good carpet cleaner, lounge cleaner, turns out car cleaner. Everything
• 23:33
  Speaker 6: like it is off walls as well.
• 23:36
  Speaker 2: Yes, and you chuck some lemon in there, you clean
• 23:38
  Speaker 2: your sink and all that kind of stuff. God's great,
• 23:41
  Speaker 2: but I know that are.
• 23:42
  Speaker 4: Good for cleaning like fabrics and carpets and stuff. Yes,
• 23:46
  Speaker 4: comes up on my TikTok for you page all the time.
• 23:49
  Speaker 3: All the time.
• 23:50
  Speaker 4: Speaking of TikTok, Actually this is like a it's not
• 23:53
  Speaker 4: a segment, but it might become a segment. It's things.
• 23:56
  Speaker 2: Victoria d m.
• 23:57
  Speaker 4: To Jessica this week, I love that, And it's always rogue.
• 24:01
  Speaker 4: It might be about racket club, it might be about
• 24:03
  Speaker 4: saving some money. This week it was about tubleware, because
• 24:07
  Speaker 4: we've seen all over the news that tupleware has gone
• 24:10
  Speaker 4: into liquidation in the us in the US, We do you.
• 24:14
  Speaker 2: Mean that's rand.
• 24:15
  Speaker 4: Yeah, the brandy that's obviously going to filter down to
• 24:19
  Speaker 4: Australia in some way, shape or form. And I think
• 24:22
  Speaker 4: it is because my TikTok for You page is full
• 24:26
  Speaker 4: of girls going to the reject shop and buying tubleware
• 24:30
  Speaker 4: containers for like three dollars fifty four dollars fifty like
• 24:34
  Speaker 4: reasonable prices. And I wanted to mention it because I
• 24:37
  Speaker 4: feel like when you're trying to save money, you're always
• 24:40
  Speaker 4: buying the cheap things, like you might buy cheap Kmart
• 24:43
  Speaker 4: tublewear containers that don't get me wrong, nothing wrong with them,
• 24:46
  Speaker 4: but we all know that they don't last. Jessica a
• 24:50
  Speaker 4: couple of weeks ago. A couple of weeks ago, we're
• 24:52
  Speaker 4: telling me a lot. Yeah, it's interest in our community.
• 24:59
  Speaker 2: Tell me about your ask cooker.
• 25:00
  Speaker 5: So I have a rice cooker that it's like, it's
• 25:03
  Speaker 5: really cool. It's a tupware contraption. You put it in
• 25:05
  Speaker 5: your microwave. It's take you cook christ genius. I've never
• 25:07
  Speaker 5: once know that's like, I've cooked rice on my stove
• 25:09
  Speaker 5: once and I've burnt it. So love this thing. But
• 25:11
  Speaker 5: I got it from my mum's friends mule you splong
• 25:16
  Speaker 5: to my mum's friend's mumy she's rolled. Yeah, she's been
• 25:19
  Speaker 5: some star generation of women to own this tubeway of rice.
• 25:22
  Speaker 1: Wow.
• 25:22
  Speaker 5: Still works like a treat and it goes to the
• 25:24
  Speaker 5: micwave at least three times a week.
• 25:26
  Speaker 4: But even though we don't love how expensive Tupeway usually is,
• 25:29
  Speaker 4: Like we're talking like thirty forty dollars a container, Like
• 25:32
  Speaker 4: it's insane, Like I would never purchase at full price,
• 25:35
  Speaker 4: but you're telling me it's like three dollars fifty or
• 25:37
  Speaker 4: four dollars fifty or whatever. At the reject shop right now,
• 25:41
  Speaker 4: I can buy some stuff that I'm going to have
• 25:43
  Speaker 4: that can go through the dishwasher that's not going to.
• 25:46
  Speaker 2: Break or crack.
• 25:46
  Speaker 4: Like money win. If you're looking to buy some tupware
• 25:50
  Speaker 4: that is good quality.
• 25:51
  Speaker 2: And that's going to last, Yes, and I feel like
• 25:54
  Speaker 2: that's all colors. Yeah, Real Cues exactly.
• 25:57
  Speaker 6: Had not a single clue Tupperware was not universally called
• 26:02
  Speaker 6: Tupwaar Topway is the brand.
• 26:03
  Speaker 5: Have you seen those posts where it runs you through
• 26:06
  Speaker 5: like all the things that we call.
• 26:08
  Speaker 2: So it's like, yeah, glad Rap's a good one. Yeah, avel.
• 26:13
  Speaker 2: Glad Rap is not glad Rap film. Really it's a cooler.
• 26:19
  Speaker 5: But we call like especially Ozzie's called them Esquesski's the brand.
• 26:22
  Speaker 5: There's a there's a post was tiktokal Instagram, but it
• 26:25
  Speaker 5: broke down a bunch of it was so interesting. Anyway, Yeah,
• 26:28
  Speaker 5: your financial Yeah, let's go to a break.
• 26:30
  Speaker 2: Just consend you that.
• 26:31
  Speaker 4: And on the flip side, we're going to be talking
• 26:33
  Speaker 4: about paying for your egg freezing, how to do that,
• 26:36
  Speaker 4: what that looks like, and we're going to talk about
• 26:38
  Speaker 4: something a little bit spicier that you slid into our
• 26:40
  Speaker 4: DMS about this week, we're going to be answering the
• 26:43
  Speaker 4: question about whether you should be buying property with a
• 26:45
  Speaker 4: family member or not. So guys, don't go anywhere.
• 26:52
  Speaker 5: Welcome back everyone. Let's take a listen to this week's
• 26:55
  Speaker 5: money dilemma.
• 26:58
  Speaker 4: Hi, there, have you got a money to you just
• 27:00
  Speaker 4: can't solve that. She's on the Money Team is here
• 27:03
  Speaker 4: to help. Every week we tackle your dilemmas, both big
• 27:06
  Speaker 4: and small, to answer your most burning money, career and
• 27:09
  Speaker 4: life questions. To get involved, simply head to our website
• 27:12
  Speaker 4: and leave us a short voice recording and you might
• 27:14
  Speaker 4: just find yourself on the show. Now, let's take a
• 27:17
  Speaker 4: listen to this week's money dilemma.
• 27:21
  Speaker 7: Hi, she's on the Money team. I'm in a little
• 27:24
  Speaker 7: bit of a pickle and I wanted to get your thoughts.
• 27:27
  Speaker 7: So I'm about to start doing a creezing for medical reasons,
• 27:30
  Speaker 7: and my doctor is thinking I'm going to need at
• 27:34
  Speaker 7: least two rounds to get the result that we're hoping
• 27:36
  Speaker 7: for with this. Each round is about twelve thousand dollars
• 27:40
  Speaker 7: each before I get any rebates back. My partner is
• 27:44
  Speaker 7: paying half because we're a team and we're doing this
• 27:47
  Speaker 7: for our future. So what I'm trying to weigh up
• 27:51
  Speaker 7: is do I take it out of my super and
• 27:54
  Speaker 7: put it back in as my rebates come in and
• 27:58
  Speaker 7: as a salary sacrifice to make it up, I do
• 28:01
  Speaker 7: have over one hundred thousand dollars in my super. Or
• 28:05
  Speaker 7: do I take out a twelvemonth interest free loan that
• 28:07
  Speaker 7: I'm eligible for, but then that also pushes us back
• 28:11
  Speaker 7: finally having a holiday next year. So I wanted to
• 28:14
  Speaker 7: get your thoughts and the pros and cons. Thanks.
• 28:18
  Speaker 4: I have like technical things to add about that, But
• 28:21
  Speaker 4: what do you guys think?
• 28:23
  Speaker 6: Well, I just know that I have a friend who
• 28:27
  Speaker 6: works in super and always.
• 28:28
  Speaker 2: Says, never take your money out of super.
• 28:30
  Speaker 4: Did you listen to your friend who said never take
• 28:32
  Speaker 4: your money out of super when you took your money
• 28:34
  Speaker 4: out of Superman?
• 28:36
  Speaker 6: I did not listen to my friend. And now, well,
• 28:40
  Speaker 6: I'm not kicking myself yet, but I do know, you know,
• 28:42
  Speaker 6: compound interests, all this other stuff, it will eventually be well,
• 28:45
  Speaker 6: work it at different, thank you so much, It'll be fun.
• 28:48
  Speaker 2: But at the same time, I don't know.
• 28:52
  Speaker 6: I think that I would both personally go the loan,
• 28:55
  Speaker 6: but I thinks I'm also not very Why would you.
• 28:58
  Speaker 2: Go the loan though, like work shopping?
• 29:00
  Speaker 4: It not because I'm like, oh, give advice back, like,
• 29:02
  Speaker 4: and it's not to make totally totally silly either, it's
• 29:05
  Speaker 4: literally like why would you do that? Because obviously she's
• 29:07
  Speaker 4: having this thought process as well, like why would she
• 29:10
  Speaker 4: be weighing it up if she didn't see value in it?
• 29:11
  Speaker 2: Of course, I.
• 29:12
  Speaker 6: Think like interest free always gets me hook line and sinker.
• 29:15
  Speaker 2: I'm not even questioning anything, which.
• 29:17
  Speaker 6: Is really bad, but I'm like cool interest free. It's like,
• 29:19
  Speaker 6: I have the money that I like, if I could
• 29:22
  Speaker 6: save a thousand dollars. For example, in five weeks, which.
• 29:25
  Speaker 4: We're going to before Christmas our savings challenge, which I'm
• 29:29
  Speaker 4: super stoked about.
• 29:30
  Speaker 6: Anyway, I'm going to try to do that, and I
• 29:32
  Speaker 6: five weeks, I saved one thousand dollars. It's like that
• 29:35
  Speaker 6: future me that has that money in that amount of
• 29:38
  Speaker 6: time is just I'm just getting all that now, and
• 29:40
  Speaker 6: I'm like paying, you know what I mean? It feels
• 29:42
  Speaker 6: like if there's no interest, it feels like it's I'm
• 29:45
  Speaker 6: borrowing from the savings that I would have saved from myself.
• 29:49
  Speaker 2: Do you know what I mean?
• 29:50
  Speaker 4: No, I totally get it. So Super does feel like
• 29:53
  Speaker 4: more complicated.
• 29:54
  Speaker 6: Yeah, because like interest, it's growing interest while it's in
• 29:57
  Speaker 6: there or something.
• 29:58
  Speaker 2: And so I'm like, I maybe I want to leave that.
• 30:00
  Speaker 1: I don't know.
• 30:01
  Speaker 4: Agreed, Agreed, Jess, how are you feeling about it?
• 30:03
  Speaker 2: I actually agree.
• 30:04
  Speaker 5: I think for me the cost benefit is, you know, obviously,
• 30:08
  Speaker 5: when you take the money out of Super, depending on
• 30:09
  Speaker 5: how long it takes you to pay it back, Let's
• 30:11
  Speaker 5: assume that it's on the same timeline. So taking out
• 30:13
  Speaker 5: interest free your card for a YAR versus having your
• 30:16
  Speaker 5: money out of Super free YAR generally speaking with the
• 30:18
  Speaker 5: interest free card, assuming you are responsible enough to pay
• 30:22
  Speaker 5: it back, because I've had an interest free card and
• 30:23
  Speaker 5: I didn't pay any extra money when I had that.
• 30:26
  Speaker 5: Assuming you are responsible and you will pay it back
• 30:28
  Speaker 5: on time, generally speaking, you just pay like an annual
• 30:31
  Speaker 5: or monthly fee. And I don't know if the case
• 30:34
  Speaker 5: for your card, but when I did it, it was
• 30:36
  Speaker 5: relatively nominal, and I would imagine. I mean, the way
• 30:38
  Speaker 5: that I would work it out is I would just
• 30:40
  Speaker 5: compare the approximate amount of money you would lose on
• 30:42
  Speaker 5: your super from compounding interest over the twelve months versus
• 30:45
  Speaker 5: the money you paid for the fee. My best guess though,
• 30:48
  Speaker 5: is that the interest free card would be cheaper, which
• 30:51
  Speaker 5: is why I would go for it. But it only
• 30:53
  Speaker 5: works if you pay it back on time, because the
• 30:54
  Speaker 5: interest on twenty four thousand dollars of IVF would be
• 30:59
  Speaker 5: I would imagine astronomical. M tell us the actual anthiaty.
• 31:04
  Speaker 4: There's not an actual answer, and it goes back to
• 31:07
  Speaker 4: what you were saying, Beck and Jess. Like Jess, you
• 31:10
  Speaker 4: were like, well, if you can be responsible with paying
• 31:13
  Speaker 4: back the interest free loan, like that's a no brainer.
• 31:16
  Speaker 4: But for me, the interest free loan carries a little
• 31:18
  Speaker 4: bit of risk, right, Like I can't guarantee what financial
• 31:21
  Speaker 4: position you'll be in in twelve months, and what happens if,
• 31:26
  Speaker 4: hypothetically these rounds are not successful and you need to
• 31:29
  Speaker 4: take out more and more money Because, like, I get it,
• 31:32
  Speaker 4: I desperately wanted kids and I was in the very
• 31:34
  Speaker 4: very blessed position to be able to get pregnant without intervention.
• 31:39
  Speaker 4: So that's a money win for me. But like I
• 31:41
  Speaker 4: know that if I did one round of IVF and
• 31:43
  Speaker 4: it wasn't successful, I'd be lining up for the next one,
• 31:45
  Speaker 4: Like I knew that kids were part of my journey,
• 31:48
  Speaker 4: So I get it. But what does that look like
• 31:52
  Speaker 4: long term? Like if in twelve months, and I mean
• 31:54
  Speaker 4: I'm probably reading into this, you're saying if you take
• 31:57
  Speaker 4: the loan, you might not go on a holiday, Like
• 31:59
  Speaker 4: I'm a you mean you don't have a massive emergency fund. Yes,
• 32:02
  Speaker 4: you've got one hundred thousand dollars in super Like there's
• 32:04
  Speaker 4: a lot to weigh up. The other thing I want
• 32:07
  Speaker 4: to kind of like segue off and talk about is
• 32:10
  Speaker 4: do you guys know why credit card companies or loan
• 32:14
  Speaker 4: companies offer zero percent loans?
• 32:16
  Speaker 5: Because they assume that people won't pay it back and
• 32:18
  Speaker 5: the interest. I think the interest on my interest free
• 32:21
  Speaker 5: card if I did jump my pay money for twenty
• 32:23
  Speaker 5: four percent, yeah, I think it was like about twenty percent. Ye. Wow,
• 32:26
  Speaker 5: again if it's on twenty something thousand dollars, that's a
• 32:29
  Speaker 5: lot of money.
• 32:30
  Speaker 1: Yeah.
• 32:31
  Speaker 4: So companies or institutions that lend money offer you these
• 32:35
  Speaker 4: interest free loans for true reasons. So Jess has hit
• 32:38
  Speaker 4: the nail on the head. Obviously, high interest once that
• 32:42
  Speaker 4: twelve month period ends, so it'll jump to like twenty percent,
• 32:45
  Speaker 4: which is much more than like a personal loan or
• 32:48
  Speaker 4: a secured loan that you might have gotten in any
• 32:51
  Speaker 4: other way. The other reason is customer acquisition, so they
• 32:55
  Speaker 4: want more customers. Obviously, getting somebody to change who they
• 32:58
  Speaker 4: bank with is actually big deal. Like I can almost
• 33:01
  Speaker 4: guarantee that most of you are currently with the bank
• 33:04
  Speaker 4: that you set your first bank account up with, because
• 33:08
  Speaker 4: why would you change to another bank unless you know,
• 33:11
  Speaker 4: you went to an ing or you went to an
• 33:13
  Speaker 4: up bank who had significant customer acquisition value, So either
• 33:18
  Speaker 4: you really liked the app or you had a really
• 33:20
  Speaker 4: high interest rate on a savings account. There was like
• 33:23
  Speaker 4: a reason that you changed. It wasn't just like, oh,
• 33:25
  Speaker 4: I probably should one day sit down and review my
• 33:28
  Speaker 4: banking and finance and just pick the right bank for me.
• 33:31
  Speaker 4: Like people don't often do that. So two reasons. One,
• 33:35
  Speaker 4: they'll get new clients, but they'll also probably have you
• 33:38
  Speaker 4: not meet that twelvemonth interest free period. There. I won't
• 33:43
  Speaker 4: say praying on, but I just did the fact that
• 33:46
  Speaker 4: people are inherently not good at managing their money, and
• 33:50
  Speaker 4: that's why I'm scared of these things. It's not because
• 33:53
  Speaker 4: that's not a good idea. And if I sat down
• 33:55
  Speaker 4: and I use Jess as an example, because I know
• 33:57
  Speaker 4: and Jess, it's not a bad thing. It's a bloody
• 33:59
  Speaker 4: good thing. You're so good at money management. It comes in.
• 34:03
  Speaker 4: I know her system because it's the one I built
• 34:06
  Speaker 4: if she did the money master class. But I know
• 34:08
  Speaker 4: your money comes in. It's either automated or she manually
• 34:11
  Speaker 4: goes in and transfers her cash around. I know what
• 34:13
  Speaker 4: that looks like. I know Jess has a really good
• 34:15
  Speaker 4: emergency fund. I know she's always cared about her super
• 34:18
  Speaker 4: Because I know her situation so deeply, I could say, Jess,
• 34:22
  Speaker 4: I wouldn't actually have an issue with you getting a
• 34:24
  Speaker 4: twelve month interest free loan for something if you knew
• 34:27
  Speaker 4: that you wouldn't go over budget or you wouldn't keep
• 34:29
  Speaker 4: adding to it, like okay, pretty much a non issue
• 34:32
  Speaker 4: for someone like Jess. I don't know this diarist. I
• 34:35
  Speaker 4: don't know who's written in. I don't know what you're
• 34:37
  Speaker 4: like when it comes to managing money, Like there are
• 34:39
  Speaker 4: a few things that kind of sent a few red
• 34:41
  Speaker 4: flags about the holiday, Like you said, if I take
• 34:44
  Speaker 4: the interest free loan, then we won't have a holiday
• 34:46
  Speaker 4: next year. And I'm wondering why that might be, because
• 34:50
  Speaker 4: if you've got a loan but you've also budgeted for
• 34:54
  Speaker 4: a holiday, why couldn't you go on that Is it
• 34:56
  Speaker 4: because you're paying it back or is it because you
• 34:58
  Speaker 4: know you were planning on taking loan out to go
• 35:01
  Speaker 4: on a holiday, Like I just there's so many things
• 35:04
  Speaker 4: that I want to understand. But let's pretend it's all
• 35:06
  Speaker 4: very cut and dry and you're in a very just situation.
• 35:09
  Speaker 4: You are correct, the interest free loan might make sense,
• 35:12
  Speaker 4: but I want you to create a plan to pay
• 35:14
  Speaker 4: it back, like even a savings plan from the day
• 35:18
  Speaker 4: that you take out that loan to smash out that.
• 35:20
  Speaker 2: Debt early, right.
• 35:22
  Speaker 4: But the other thing is, and I want to open
• 35:25
  Speaker 4: this conversation up and go off here, is that so
• 35:28
  Speaker 4: many people don't know that to pay for your fertility treatments,
• 35:31
  Speaker 4: you actually have access to supranuation. So for egg freezing,
• 35:34
  Speaker 4: for IVF, if you've got any type of health complication
• 35:38
  Speaker 4: that you currently can't pay for, very likely that you
• 35:41
  Speaker 4: could draw on your supranuation. I was saying to somebody
• 35:44
  Speaker 4: the other day when they were asking me about a
• 35:46
  Speaker 4: breast reduction, I was like, did you know you could
• 35:47
  Speaker 4: access your supranuation for that? And they said no, I
• 35:50
  Speaker 4: had no idea. And that's another reason why we need
• 35:53
  Speaker 4: to be having these conversations, so that you're like, uh,
• 35:56
  Speaker 4: maybe I'm not going to use this information, but I
• 35:58
  Speaker 4: might go to breakfast with a friend, or I might
• 35:59
  Speaker 4: catch up with a friend for a coffee and she
• 36:01
  Speaker 4: mentioned something and I can help her financially because I
• 36:04
  Speaker 4: have more knowledge, Like knowledge is power, and the more
• 36:07
  Speaker 4: we know, the more we can help each other but
• 36:09
  Speaker 4: also help ourselves. So, yes, you can access your super
• 36:13
  Speaker 4: I would weigh up what that looks like for me
• 36:15
  Speaker 4: if I wasn't that good at money and I knew
• 36:19
  Speaker 4: that maybe I might get in a little bit of
• 36:21
  Speaker 4: a pickle with an interest free loan. Yes, you're losing
• 36:24
  Speaker 4: some compounding in your super. But what you can do
• 36:27
  Speaker 4: is go to your employer and say, hey, can you
• 36:29
  Speaker 4: please increase my superannuation contributions so that I can get
• 36:34
  Speaker 4: back in line with what I'm taking out. You don't
• 36:36
  Speaker 4: even have to tell your employer why. You just say, hey,
• 36:38
  Speaker 4: i'd like to bump it up one percent for the
• 36:40
  Speaker 4: next twelve months. I'd like to bump it up three
• 36:42
  Speaker 4: percent or whatever that looks like, to make sure that
• 36:45
  Speaker 4: if you're going to draw down on your superbalance, you
• 36:48
  Speaker 4: don't ultimately end up behind. So there's obviously a few
• 36:52
  Speaker 4: moving parts. There's obviously like a good argument for why
• 36:56
  Speaker 4: you'd take an interest free loan, but also a good
• 36:58
  Speaker 4: argument for why you might go into super and new way.
• 37:00
  Speaker 4: And that is a question I can't answer for you.
• 37:02
  Speaker 4: I can just give you the information, and you need
• 37:04
  Speaker 4: to make the decision that makes the most sense for
• 37:06
  Speaker 4: you and your family.
• 37:07
  Speaker 5: Pushing lots of luck on your IVF Joenny and yeah,
• 37:10
  Speaker 5: exciting and a lot to take on one.
• 37:12
  Speaker 4: And egg freezing is just so smart, Like I just
• 37:16
  Speaker 4: I love being alive in twenty twenty four, Like, we
• 37:18
  Speaker 4: can just do stuff.
• 37:20
  Speaker 2: Yeah, I just freeze time. Can you imagine me.
• 37:22
  Speaker 4: Going back and like talking to my grandma in the
• 37:24
  Speaker 4: nineteen fifties when she was having babies and being like,
• 37:26
  Speaker 4: by the way, one day people are going to be
• 37:29
  Speaker 4: able to freeze their eggs and have babies later in life.
• 37:31
  Speaker 2: She'd be like, sorry, what so cool?
• 37:33
  Speaker 4: Get it in all right, let's move on because we
• 37:36
  Speaker 4: have a community DM that I think you guys are
• 37:38
  Speaker 4: going to have some opinions about, and I love that
• 37:39
  Speaker 4: for us.
• 37:40
  Speaker 2: Would you like me to read it out? Absolutely right?
• 37:43
  Speaker 2: So high.
• 37:44
  Speaker 4: She's on the money money dilemma. I'm thinking about purchasing
• 37:47
  Speaker 4: my first home with my brother to help increase our
• 37:49
  Speaker 4: buying power. He currently is in a de facto relationship
• 37:52
  Speaker 4: with his really lovely girlfriend. To be eligible for first
• 37:55
  Speaker 4: home buyers, we would be living in this property for
• 37:58
  Speaker 4: twelve months. I'm worried about the possibility of his relationship
• 38:02
  Speaker 4: breaking down and what that could mean for a joint asset.
• 38:05
  Speaker 4: It's going to be a hard conversation to have.
• 38:07
  Speaker 2: Would you risk it? Oh, that's a great question.
• 38:11
  Speaker 6: I actually shocking have not a single clue would you
• 38:15
  Speaker 6: buy would.
• 38:16
  Speaker 2: You buy property with your brothers?
• 38:17
  Speaker 6: I probably would buy property with my brother because he's
• 38:21
  Speaker 6: very very good financially, and so I.
• 38:24
  Speaker 2: Always like a.
• 38:28
  Speaker 6: Buy property with me, absolutely, But so I wouldn't get
• 38:34
  Speaker 6: a brother on the phone. I guess like there always
• 38:37
  Speaker 6: is that risk that, like you've especially I like you've
• 38:40
  Speaker 6: not lived with a sibling since you were children, you
• 38:44
  Speaker 6: don't know that he might actually get sick of them.
• 38:46
  Speaker 6: This is not even taking into consideration the de facto relationship.
• 38:50
  Speaker 6: This is purely just like living with a sibling. So
• 38:52
  Speaker 6: I think that risk is always there. So you have
• 38:54
  Speaker 6: to live in a place for twelve months before you
• 38:56
  Speaker 6: can get the.
• 38:57
  Speaker 4: The reason that they would be living in it for
• 38:59
  Speaker 4: twelve months is very likely to be because they want
• 39:02
  Speaker 4: to access the first home biased scheme. And to get
• 39:05
  Speaker 4: access to the first Home biased scheme, you need to
• 39:07
  Speaker 4: have it as your primary residence for twelve months after purchase.
• 39:11
  Speaker 6: Ah, So you don't get that immediately, that's shocking.
• 39:14
  Speaker 4: No, no, no, you get it, but you need to meet
• 39:16
  Speaker 4: the criteria to keep it Otherwise next tax here they're
• 39:19
  Speaker 4: going to come knocking and say, hey, so you didn't
• 39:22
  Speaker 4: do what you said you were going to do, and
• 39:23
  Speaker 4: we gave you this great benefit to move into a
• 39:25
  Speaker 4: house that you own, and you took the mickey.
• 39:29
  Speaker 6: Okay, well that's that's a really tricky one. I think
• 39:32
  Speaker 6: if it's purely just like you and your sibling, then
• 39:35
  Speaker 6: just like suck it up. But I guess that there
• 39:36
  Speaker 6: is that fear and I don't. I'm sure there's like
• 39:38
  Speaker 6: some legal thing with de facto relationship, like do they
• 39:41
  Speaker 6: have access to if they're de facto?
• 39:44
  Speaker 2: Yes they do. Yeah, that's where it gets asset not yours.
• 39:47
  Speaker 4: So that's used to to you know what, I'm going
• 39:49
  Speaker 4: to back out a little bit because I want to
• 39:51
  Speaker 4: know what Jess has to say before I do to Actually, I.
• 39:54
  Speaker 5: Mean, I personally would not do it, but I'm very
• 39:57
  Speaker 5: protective of my assets, and I think that it gets
• 40:01
  Speaker 5: complicated when you add somebody else in. I think it's
• 40:04
  Speaker 5: more complicated when you add in the de facto element
• 40:06
  Speaker 5: because as you are kind of alluding to that, she
• 40:09
  Speaker 5: has a claim on some portion of that, which just
• 40:11
  Speaker 5: makes it messier in my opinion. And I think as well,
• 40:14
  Speaker 5: the fact that you have to live together, it's going
• 40:16
  Speaker 5: to really depend on your relationship. But even if you
• 40:18
  Speaker 5: like someone a lot, it doesn't mean that you're going
• 40:20
  Speaker 5: to live well together, which can cause friction, and if
• 40:22
  Speaker 5: one of you needs to move out, then it kind
• 40:24
  Speaker 5: of cooks. As VD was saying the first home Ooner Grant.
• 40:27
  Speaker 5: So I think it's to me, it just feels messy,
• 40:30
  Speaker 5: and I personally wouldn't do it. But I also understand
• 40:33
  Speaker 5: that that might be the only way that you can
• 40:35
  Speaker 5: get a house, or the way you might feel like
• 40:38
  Speaker 5: it's the only way that you can get into a
• 40:39
  Speaker 5: house right now. And I fully understand, you know, the
• 40:42
  Speaker 5: desperation and the desire to get that done, and maybe
• 40:45
  Speaker 5: the opportunity cost of not buying now versus buying in
• 40:49
  Speaker 5: five years when you've had time to save your own deposit.
• 40:51
  Speaker 2: But I would.
• 40:53
  Speaker 5: Probably say, talk to a mortgage broker and see what
• 40:55
  Speaker 5: your options done on your own money.
• 40:58
  Speaker 4: Mortgage brand.
• 40:59
  Speaker 2: Absolutely you're both to Jack this morning? Oh teen, Yeah,
• 41:03
  Speaker 2: is there any updates? Yeah, I want to chut to
• 41:05
  Speaker 2: you after action.
• 41:07
  Speaker 5: So yeah, I would absolutelyttat to one of the Gillies
• 41:10
  Speaker 5: at Zala and see what your options are on your
• 41:12
  Speaker 5: own And I imagine it's.
• 41:13
  Speaker 2: Jack though Jack's I love it.
• 41:15
  Speaker 4: I mean, I love all the Gillies, I know, but
• 41:16
  Speaker 4: like Jack's been with me for the longest, and I
• 41:19
  Speaker 4: feel like, obviously all of our brokers are insane. But
• 41:22
  Speaker 4: I just I know that she was talking to you
• 41:24
  Speaker 4: before hours, Like I know that she was up at
• 41:26
  Speaker 4: the crack of dawn being like, so, Jess, this is
• 41:27
  Speaker 4: what I've been thinking you like, do you have a sleep.
• 41:31
  Speaker 5: So see where options are on your own, and then
• 41:34
  Speaker 5: what things could look like with your brother and his girlfriend.
• 41:38
  Speaker 5: But if, like my answer is if I would do it, no, personally,
• 41:42
  Speaker 5: that doesn't mean that it's a bad option, but I
• 41:44
  Speaker 5: would just explore all your options first, because I, as
• 41:47
  Speaker 5: someone who is planning on buying by herself, like it
• 41:50
  Speaker 5: is more feasible than you would think.
• 41:52
  Speaker 2: So one hundred percent.
• 41:53
  Speaker 4: I also want to touch on why you're buying with
• 41:56
  Speaker 4: a sibling. So obviously it increases your purchasing power, but
• 41:59
  Speaker 4: is that because you really want to get into the
• 42:00
  Speaker 4: market sooner instead of just waiting until you've got a
• 42:03
  Speaker 4: whole deposit or maybe you have a higher income or
• 42:07
  Speaker 4: you know you're in a position to buy on your own,
• 42:09
  Speaker 4: Because like as just said, you are probably going to
• 42:12
  Speaker 4: have a lot more power than you think you do.
• 42:14
  Speaker 4: But I don't like the idea that people are compromising
• 42:18
  Speaker 4: their long term financial security and their financial success long
• 42:22
  Speaker 4: term because they are trying to rush into something Like
• 42:26
  Speaker 4: a lot of people that I've spoken to historically that
• 42:28
  Speaker 4: are like, I really want to purchase with a family
• 42:29
  Speaker 4: member or a friend or whatever. It's because they just
• 42:32
  Speaker 4: really desperate to own property. And I just go, well,
• 42:35
  Speaker 4: let's just kind of zoom out. Is the big picture
• 42:39
  Speaker 4: you owning your own property? Okay, well, purchasing You know,
• 42:42
  Speaker 4: if Jess and I purchased one tomorrow, we're on different
• 42:45
  Speaker 4: life trajectories, Like she might want to dispose of it
• 42:48
  Speaker 4: sooner than me, and I don't. I want to hold
• 42:50
  Speaker 4: on to it and keep that rental income coming in.
• 42:52
  Speaker 4: Like it just creates problems down the line. So you
• 42:55
  Speaker 4: actually have to be on exactly the same page. So
• 42:58
  Speaker 4: you know, in the next one or two years, you
• 42:59
  Speaker 4: might go, no, it's not going to be a problem
• 43:00
  Speaker 4: at all. But like, Okay, what if he and his
• 43:03
  Speaker 4: partner get married and they have a kid, or what
• 43:05
  Speaker 4: if they unexpectedly have a kid and they need access
• 43:08
  Speaker 4: to finance and they need to sell the property. Are
• 43:11
  Speaker 4: you in a position where you can purchase your brother
• 43:13
  Speaker 4: outright of that property so that you don't lose anything
• 43:16
  Speaker 4: financially or you know, again, I'm just making up a
• 43:20
  Speaker 4: hypothetical situation, but you know it's one that could literally happen.
• 43:24
  Speaker 4: What if you're in the position where they go, we
• 43:27
  Speaker 4: are having a baby, this wasn't planned financially, We're going
• 43:30
  Speaker 4: to have to dispose of the house. And you go, oh,
• 43:34
  Speaker 4: I'm going to lose a whole heap of money as
• 43:35
  Speaker 4: well because we have to sell it a loss.
• 43:38
  Speaker 2: Yeah.
• 43:38
  Speaker 4: Are you then going to have some animosity in that
• 43:41
  Speaker 4: relationship because your brother's forcing your hand? Are you going
• 43:44
  Speaker 4: to not feel good about that? Is there a backup plan?
• 43:47
  Speaker 4: What does that look like? The other thing I want
• 43:49
  Speaker 4: to talk about is joint tenancy versus tenants in common.
• 43:53
  Speaker 4: We have covered this in the Property Playbook, so if
• 43:55
  Speaker 4: you haven't listened to that podcast, Jess does an incredible
• 43:59
  Speaker 4: job of hopeing it and we talk about all the
• 44:01
  Speaker 4: nitty gritty, but essentially, in joint tenancy there's what's called
• 44:06
  Speaker 4: a rite of survivorship.
• 44:07
  Speaker 2: So essentially, if.
• 44:09
  Speaker 4: One tenant dies and I'm being a bit dramatic here,
• 44:12
  Speaker 4: but if one tenant dies, it automatically passes to the
• 44:14
  Speaker 4: other tenant because it is based off a de facto relationship.
• 44:19
  Speaker 4: So like, if I pass away, obviously I want my
• 44:21
  Speaker 4: house to go to my husband. But if I'm purchasing
• 44:24
  Speaker 4: with a sibling or a friend, I would want a
• 44:26
  Speaker 4: tenancy in common agreement, which means that two or more
• 44:29
  Speaker 4: people co own a property with defined shares. So I
• 44:33
  Speaker 4: could go in and be like, okay, Like Jess, maybe
• 44:35
  Speaker 4: you're purchasing seventy percent and I'm purchasing thirty percent. But
• 44:39
  Speaker 4: the additional benefit of that is that I can sell
• 44:42
  Speaker 4: my share without impacting Jess. We can actually get two
• 44:45
  Speaker 4: separate loans, so she can have her own lending facility.
• 44:48
  Speaker 4: I can have my own. We can also, you know,
• 44:52
  Speaker 4: pass it on to somebody else. Like if something happened
• 44:55
  Speaker 4: between Jess and I and Jess want it out, she
• 44:58
  Speaker 4: could sell it to somebody else if she wanted to,
• 45:01
  Speaker 4: but I wouldn't lose out. So like, we need to
• 45:04
  Speaker 4: look at structure as well as the relationship. And then
• 45:07
  Speaker 4: on top of that, i'd want to binding financial agreement
• 45:10
  Speaker 4: if I'm going into this relationship with somebody where now, yeah,
• 45:13
  Speaker 4: I trust you, Beck, but like what if something happens,
• 45:16
  Speaker 4: and you know, back to that pregnancy situation, unforeseen happens.
• 45:21
  Speaker 4: Now there's animosity because I don't want to lose money.
• 45:23
  Speaker 4: I don't want to sell the property. But also we
• 45:26
  Speaker 4: haven't pre agreed to anything when we were both wanting
• 45:29
  Speaker 4: the best for one another. So I think that sitting
• 45:32
  Speaker 4: down and even if and like I talk to people
• 45:35
  Speaker 4: all the time about this, they're like, the a binding
• 45:37
  Speaker 4: financial agreement is so expensive. I get it, But if
• 45:41
  Speaker 4: you can't afford to do that and you're planning on
• 45:43
  Speaker 4: buying property, can you actually afford the loss that would
• 45:45
  Speaker 4: be incurred if it went wrong? Like, can we talk
• 45:48
  Speaker 4: about that? Can we also sit down and have like
• 45:51
  Speaker 4: I don't know, if you have a date night with
• 45:52
  Speaker 4: your brother.
• 45:53
  Speaker 2: Is that weird? That's weird?
• 45:54
  Speaker 4: Weird down which it's absolutely bad. You're going to sit down,
• 45:59
  Speaker 4: You're going to have a drink, and what you're going
• 46:01
  Speaker 4: to do is go, well, let's think of all of
• 46:04
  Speaker 4: the worst case scenarios and let's work shop what we'd do. So, like, beck,
• 46:09
  Speaker 4: I want you to think of the worst thing that
• 46:10
  Speaker 4: could happen.
• 46:12
  Speaker 2: House burns down. Okay, what are we going to do?
• 46:14
  Speaker 4: I want you to be on the same page about
• 46:16
  Speaker 4: the outcomes before you get there, so that you default
• 46:20
  Speaker 4: back to okay, Well, when we work shopped this, this
• 46:23
  Speaker 4: was the outcome. This is what we agreed to. So
• 46:26
  Speaker 4: there's no like, hey, awkward, but what are we going
• 46:29
  Speaker 4: to do now? Like you already kind of have a plan,
• 46:32
  Speaker 4: but that's my advice.
• 46:33
  Speaker 2: So would you do it? You know what?
• 46:35
  Speaker 4: Lots of people have done it successfully totally. Lots of
• 46:38
  Speaker 4: people in our dms are like, don't do it.
• 46:40
  Speaker 2: It didn't work for me. So would you like to
• 46:42
  Speaker 2: hear the tea? Always okay?
• 46:44
  Speaker 4: So before we get to the tea, we did ask
• 46:47
  Speaker 4: the community, would you ever buy property with a sibling?
• 46:51
  Speaker 4: Forty seven percent of you setting up too risky, and
• 46:53
  Speaker 4: fifty three percent said yeah, that could work for me.
• 46:56
  Speaker 4: We asked, would you rather own fifty percent of a
• 46:58
  Speaker 4: property now or wait and own one hundred percent? Miss
• 47:01
  Speaker 4: Jessica Ricci Hard yes, one hundred percent.
• 47:04
  Speaker 2: She wants to.
• 47:04
  Speaker 4: Own everything and not share a thing.
• 47:06
  Speaker 2: I love it.
• 47:08
  Speaker 4: Forty five percent of you said I want to own
• 47:10
  Speaker 4: fifty percent now, but fifty five percent of you said
• 47:13
  Speaker 4: I'm gonna wait for one hundred percent ownership. We then
• 47:16
  Speaker 4: said babe, what's your two cents share? One person said,
• 47:21
  Speaker 4: I bought with my brother. It went really badly, almost.
• 47:24
  Speaker 2: Ripped my family apart. Wow, that really sad. Really ooh.
• 47:30
  Speaker 4: Someone else said, BFA all day, baby. That is she's
• 47:34
  Speaker 4: on the money a T shirt.
• 47:36
  Speaker 2: BFA all day, finding financial agreements all to day. BFA
• 47:40
  Speaker 2: all day. I want that on a T shirt.
• 47:43
  Speaker 4: Someone else said, get this communication communication. Wow.
• 47:48
  Speaker 2: I restrained myself from saying it when you were.
• 47:49
  Speaker 4: Talking about don't say it, don't say it, don't say it.
• 47:54
  Speaker 4: Someone else said, my cousins bought property together and it
• 47:56
  Speaker 4: set them up for a super successful future.
• 48:00
  Speaker 2: Beautiful.
• 48:01
  Speaker 4: Someone else said, even if everyone is level headed now,
• 48:04
  Speaker 4: things can change. Someone else said, tenants in common. That way,
• 48:09
  Speaker 4: if it does go downhill, there's an extra layer of protection.
• 48:12
  Speaker 2: We love that.
• 48:13
  Speaker 4: Someone else said I would never buy with family. I
• 48:16
  Speaker 4: did it, and it destroyed our relationship completely.
• 48:20
  Speaker 2: That's really sad. It's actually really sad.
• 48:21
  Speaker 4: Someone said, my boyfriend's brother won't sell or buy him out,
• 48:25
  Speaker 4: which means that I am massively held back from buying
• 48:28
  Speaker 4: our own place.
• 48:28
  Speaker 1: Oh.
• 48:29
  Speaker 2: True, But also I don't.
• 48:32
  Speaker 4: Want to defend your boyfriend's brother here because obviously, I'm
• 48:35
  Speaker 4: meant to be on your side, but I get it,
• 48:38
  Speaker 4: Like he bought a property and he doesn't want to
• 48:40
  Speaker 4: sell it. Yeah, like I buy property. I can almost
• 48:44
  Speaker 4: guarantee the second Jessico to each she gets her hands
• 48:47
  Speaker 4: on property. Are you going to be able to convince
• 48:49
  Speaker 4: that woman to sell it?
• 48:50
  Speaker 1: No?
• 48:50
  Speaker 2: Like from my cold far to only come this far.
• 48:55
  Speaker 4: And that's what we've got to think about when we're
• 48:56
  Speaker 4: going into situations like this, Like You're life has significantly
• 49:01
  Speaker 4: changed and now you want to buy with your partner.
• 49:04
  Speaker 4: So romantic. I love this for you, but your partner
• 49:07
  Speaker 4: already has a financial commitment with somebody else and that
• 49:11
  Speaker 4: kind of needs to be respected as well. It sucks,
• 49:13
  Speaker 4: but like what you're going to do? Someone else said
• 49:16
  Speaker 4: if they settle as tenants in common, the girlfriend would
• 49:18
  Speaker 4: only have rights to.
• 49:19
  Speaker 2: His fifty percent, which is true. Yes, and we'll leave
• 49:22
  Speaker 2: it there. Great. How are we feeling about that?
• 49:26
  Speaker 4: On Sunday, I can't wait to get off this podcast
• 49:29
  Speaker 4: because Jess said that we can talk after about her
• 49:32
  Speaker 4: meeting with Jack from Zella Money, and that means.
• 49:34
  Speaker 2: That there might be property in the works for mistress.
• 49:37
  Speaker 4: Don't know, don't know. Don't know, don't know, eggs, no
• 49:40
  Speaker 4: basket no, all right, So have a good week, guys.
• 49:44
  Speaker 4: Don't forget it is the last day that you can
• 49:45
  Speaker 4: get into the Investing Masterclass if you haven't joined us
• 49:48
  Speaker 4: doors are closing at five pm. If you want to
• 49:50
  Speaker 4: join as well, use the Code podcast for obviously a
• 49:53
  Speaker 4: very cheeky discount, but we'll see you right nearly on
• 49:56
  Speaker 4: Monday for a money diary and a.
• 49:58
  Speaker 2: Little bonus episode tomorrow.
• 49:59
  Speaker 4: So so enjoy the weekend, my loves by guys.
• 50:02
  Speaker 5: Bye.
• 50:09
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• 50:12
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• 50:15
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• 50:19
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