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FRIDAY DRINKS: Live 3rd Birthday Extravaganza! · She's On The Money

• 0:00
  Speaker 1: Hello.
• 0:01
  Speaker 2: My name's Sanatasha Nabananga Bamblet. I'm a proud yr the
• 0:05
  Speaker 2: Order Kerni Whoalbury and a waddery woman. And before we
• 0:08
  Speaker 2: get started on She's on the Money podcast, I would
• 0:11
  Speaker 2: like to acknowledge the traditional custodians of the land of
• 0:14
  Speaker 2: which this podcast is recorded on a wondery country, acknowledging
• 0:18
  Speaker 2: the elders, the ancestors and the next generation coming through
• 0:23
  Speaker 2: as this podcast is about connecting, empowering, knowledge sharing and
• 0:27
  Speaker 2: the storytelling of you to make a difference for today
• 0:31
  Speaker 2: and lasting impact for tomorrow.
• 0:33
  Speaker 1: Let's get into it.
• 0:34
  Speaker 3: She's on the Money, She's on the Money.
• 0:57
  Speaker 1: Hello, and welcome does she He's on the Money, the
• 1:00
  Speaker 1: podcast for millennials who want financial freedom. Welcome to our
• 1:06
  Speaker 1: third birthday special episode of She's on the Money Friday Drinks.
• 1:11
  Speaker 1: It's live. It's our very first live episode and we
• 1:15
  Speaker 1: have a whole community here make it sound Thank you
• 1:20
  Speaker 1: for making it sound like I wasn't pretending, so thank
• 1:24
  Speaker 1: you for that. We also have a very nervous Jess
• 1:26
  Speaker 1: and George.
• 1:27
  Speaker 4: Hello.
• 1:27
  Speaker 1: Hello. If you keep mentioning their nervous, it makes them
• 1:29
  Speaker 1: feel better. But as you guys know, Friday means it
• 1:32
  Speaker 1: is time to kick back, grab a bev which you
• 1:35
  Speaker 1: literally have in hand this week, have a chat with
• 1:38
  Speaker 1: our friends about the week's highs, the week's lows, what's
• 1:42
  Speaker 1: been going on in our community, and we get to
• 1:44
  Speaker 1: celebrate you quite literally. This entire party was for you, guys.
• 1:48
  Speaker 1: The incredible She's on the money community never ceases to
• 1:51
  Speaker 1: amaze me. As always, we're going to share our favorite
• 1:54
  Speaker 1: money wins and not so many confessions this week, just
• 1:57
  Speaker 1: one congestion and confession. Is it yours? Oh? Okay, and
• 2:02
  Speaker 1: we're gonna help answer a few live questions from our community,
• 2:06
  Speaker 1: literally the ones in the room. Jessica Ricci, Georgia King.
• 2:09
  Speaker 1: Before we get there, though, how have you been.
• 2:12
  Speaker 5: We just got back from a flight not too long ago,
• 2:14
  Speaker 5: so I am very tired and also definitely not nervous
• 2:17
  Speaker 5: at all. So it's going really well for me.
• 2:20
  Speaker 1: Georgia King, I'm good.
• 2:22
  Speaker 3: I'm so excited to be here, so excited to have
• 2:24
  Speaker 3: you girlies home from Europe. It was a lonely time
• 2:27
  Speaker 3: without you, and yeah, I'm just really sweaty but excited
• 2:30
  Speaker 3: to be here.
• 2:31
  Speaker 1: I'm glad. We're really just vibing on this sweaty mess.
• 2:33
  Speaker 1: My mum always says like, you're not sweating, darling, you're listening.
• 2:36
  Speaker 1: I'm like, okay, no problems. But Jess, George, we usually
• 2:41
  Speaker 1: start each and every single week by recapping the shows
• 2:43
  Speaker 1: that were, but we're not going to do that this
• 2:44
  Speaker 1: week because you guys, we handpicked you to be here.
• 2:48
  Speaker 1: You all seem like She's on the Money ogs, you
• 2:50
  Speaker 1: know what's going on. But what we are going to
• 2:53
  Speaker 1: do is answer some live questions. But before we get there,
• 2:57
  Speaker 1: Georgia King, what has been going on in the She's
• 3:00
  Speaker 1: on the Money community this week?
• 3:01
  Speaker 3: Jess, I think that's your domain. If I'm mistakee no,
• 3:05
  Speaker 3: you go, my girl. Oh So we're gonna have a
• 3:07
  Speaker 3: little chat. We meant, we meant, Jess, we're changed going.
• 3:10
  Speaker 1: Well.
• 3:10
  Speaker 5: Somebody came up to me before and was like, I'm
• 3:12
  Speaker 5: so sorry. I know your voices, I don't know your
• 3:14
  Speaker 5: faces and you just saw Georgia, and I was like,
• 3:16
  Speaker 5: it's so fine, are you George?
• 3:18
  Speaker 1: And then do really naughty things I should have.
• 3:20
  Speaker 5: But we're gonna have a little chat about some things
• 3:22
  Speaker 5: that we've been seeing a lot of people talking about
• 3:24
  Speaker 5: in the community recently. Obviously, as I said, we've just
• 3:28
  Speaker 5: come home. Cost of living has been on a lot
• 3:30
  Speaker 5: of people's minds, and I was shocked when I got
• 3:33
  Speaker 5: off the plane. I trove to the airport on empty
• 3:36
  Speaker 5: because that's who I am as a person.
• 3:38
  Speaker 1: She gives me mad anxiety, like it's flashing at her
• 3:41
  Speaker 1: and I'm like, you're gonna break down on the freeway, Jessica,
• 3:43
  Speaker 1: She's like, now, I've been here before. It's not even
• 3:45
  Speaker 1: that bad.
• 3:45
  Speaker 5: The light is just there to let you know that
• 3:47
  Speaker 5: it's nearly time. So I parked at the airport. Obviously
• 3:50
  Speaker 5: had to fill up at the airport gas station on
• 3:52
  Speaker 5: the way home, and I nearly cried when I saw
• 3:54
  Speaker 5: it was two dollus twenty e liter. I think it
• 3:56
  Speaker 5: was maybe at one eighty when we left, So definitely
• 3:59
  Speaker 5: feel it there. Also, apparently Lettuce is super exciting.
• 4:04
  Speaker 1: We've come home to Lettuce being really expensive. And we
• 4:06
  Speaker 1: saw this on Instagram because obviously, like we said, we
• 4:09
  Speaker 1: were on holiday and we were like, we're really uncontactable.
• 4:12
  Speaker 1: Please don't talk to us. Sorry, I are in, but
• 4:15
  Speaker 1: we just can't talk while we're on holiday. We holiday
• 4:18
  Speaker 1: and like jess and I are in the Facebook group
• 4:19
  Speaker 1: every day, be like did you see these? Yeah, so
• 4:22
  Speaker 1: we're like talking about it, and people were talking about lettus.
• 4:24
  Speaker 1: I'm like, this is wild. But I went down to
• 4:25
  Speaker 1: my local calls and I was like, thirteen dollars for
• 4:27
  Speaker 1: an iceberg? I think not, We're going to go back
• 4:30
  Speaker 1: to frozen spinach dollar eighty a packet just as.
• 4:34
  Speaker 4: Good, just as good.
• 4:36
  Speaker 5: And I think the thing that a lot of people
• 4:37
  Speaker 5: are stressing about is obviously inflation is kind of hitting
• 4:40
  Speaker 5: all of us at the moment. We're all feeling it
• 4:42
  Speaker 5: across the board, from utilities to groceries and all those
• 4:45
  Speaker 5: kinds of things. And a lot of people in the
• 4:48
  Speaker 5: Facebook group have been asking is it gonna get worse?
• 4:51
  Speaker 5: Can we expect it to continue? Should we be preparing?
• 4:54
  Speaker 5: Do I need to start growing my own lettuces?
• 4:56
  Speaker 2: Like?
• 4:57
  Speaker 4: What do I do?
• 4:57
  Speaker 1: I mean you could? Do you have enough room at
• 4:59
  Speaker 1: your place?
• 5:00
  Speaker 5: No?
• 5:00
  Speaker 4: My backout is one meter deep, So.
• 5:02
  Speaker 1: Okay, so not an option. Yeah, look, that's a pretty
• 5:05
  Speaker 1: blunt question. Is it going to get worse? Let's be honest.
• 5:08
  Speaker 1: I sorry to bring this party wiped out. Yeah it is.
• 5:11
  Speaker 1: We're headed for a recession. It was announced mid June
• 5:14
  Speaker 1: that we're officially in a recession. Oh no, sorry, that
• 5:17
  Speaker 1: was draw romantic. We're officially in a bear market. So
• 5:22
  Speaker 1: a bear market, yes, literally, it does mean bear as
• 5:25
  Speaker 1: in the animal. It's not some technical term or acronym.
• 5:28
  Speaker 1: It is quite literally the animal. But a bear market
• 5:32
  Speaker 1: officially is when the share market is down by twenty
• 5:35
  Speaker 1: percent from its twelve month average high. That can be
• 5:39
  Speaker 1: really scary for investors. It can be really scary for
• 5:41
  Speaker 1: our community to be honest as an advisor, as someone
• 5:44
  Speaker 1: who's quite literally obsessed with shares and research and data,
• 5:47
  Speaker 1: like we knew this was coming. It doesn't make it
• 5:51
  Speaker 1: any easier to swallow because it is really hard. But
• 5:54
  Speaker 1: I guess inflation is a really good indicator of that.
• 5:58
  Speaker 1: As that increases, it's very good indicator that we're in
• 6:01
  Speaker 1: the shed markets probably not doing as well as it could.
• 6:04
  Speaker 1: We've obviously had a lot of like tumultuous times over COVID.
• 6:07
  Speaker 1: I mean Australia was here really hard as well with
• 6:10
  Speaker 1: the bushfires before COVID. And then we also now have
• 6:15
  Speaker 1: your Russia invading Ukraine which is stopping a lot of
• 6:19
  Speaker 1: export and global economies actually functioning properly. So we are,
• 6:23
  Speaker 1: according to Victoria divine already in one, but according to economists,
• 6:28
  Speaker 1: not in one yet, but headed towards one. That sounds
• 6:31
  Speaker 1: like a bit of a downer. But the thing I
• 6:33
  Speaker 1: love about this conversation is I guess that this isn't
• 6:37
  Speaker 1: our first time seeing our first rodeo. My friends, we've
• 6:40
  Speaker 1: been here before. The importance here is on saving and
• 6:43
  Speaker 1: making sure we have good emergency funds and that we know,
• 6:45
  Speaker 1: and we talk about financial literacy. It is going to
• 6:48
  Speaker 1: put a lot of pressure on us, but I mean,
• 6:51
  Speaker 1: we need to just be smart. We're talking about asparagus before,
• 6:54
  Speaker 1: pretty cheap option, much cheaper at the moment than I
• 6:57
  Speaker 1: spurk lists.
• 6:58
  Speaker 4: So thrilling party conversation happen money.
• 7:02
  Speaker 1: I think they were happy to talk about asparagus because
• 7:05
  Speaker 1: usually I'm like, so, do you want to talk about
• 7:06
  Speaker 1: the beer market? Not really? Not really what content all
• 7:10
  Speaker 1: you're posting? Can it be peach?
• 7:12
  Speaker 3: It's an exciting place to start their recession chat, guys,
• 7:16
  Speaker 3: I'm afraid.
• 7:18
  Speaker 1: I mean it's corna by rogue, but that's okay. Do
• 7:20
  Speaker 1: you want to do you want to carry on? Just
• 7:22
  Speaker 1: anything else that you would like to say before we
• 7:24
  Speaker 1: get into our budget direct money wins.
• 7:25
  Speaker 4: No, I think. Let's bring the mood up a little.
• 7:27
  Speaker 1: Let's bring the mood up. Let's get into guys. In
• 7:29
  Speaker 1: official podcast format, it is time for our budget direct
• 7:33
  Speaker 1: money wins of the week. Georgia King Jeeking on tour.
• 7:37
  Speaker 1: What have you got for us?
• 7:39
  Speaker 3: I've got some pearlers as usual, guys. The first win
• 7:42
  Speaker 3: of the week comes from Shell Money Win. I recently
• 7:45
  Speaker 3: got to pay rise of eighty dollars a fortnight, but
• 7:48
  Speaker 3: instead of spending the extra cash frivolously, I increased my
• 7:52
  Speaker 3: fortnightly mortgage repayments by eighty dollars.
• 7:54
  Speaker 1: No longer here.
• 7:56
  Speaker 3: That is very smart ten discipline. We love to see it.
• 8:00
  Speaker 3: The next win comes from Rihanna money whin. I recently
• 8:03
  Speaker 3: started a new job inter state and they offered a
• 8:06
  Speaker 3: three thousand, five hundred dollars reimbursement award to pay it
• 8:10
  Speaker 3: for my moving costs, which included petrol, it included food,
• 8:13
  Speaker 3: it included accommodation while her fiance and her were moving
• 8:17
  Speaker 3: from her home state to her new state.
• 8:18
  Speaker 4: I feel like that's not a usual thing.
• 8:21
  Speaker 1: No, that's a lot of money as well. I mean,
• 8:24
  Speaker 1: moving costs are a lot. I moved to me recently,
• 8:28
  Speaker 1: very offended.
• 8:28
  Speaker 3: Yeah, well, I mean I kind of want to work
• 8:31
  Speaker 3: for Rihanna's place.
• 8:32
  Speaker 4: Oh do you a little do they're hiring?
• 8:35
  Speaker 3: Yeah, ah, they're hiring. Okay, move on, love your talk.
• 8:39
  Speaker 3: The next win here is from Imagen. I finally got
• 8:41
  Speaker 3: my emergency fund to crack one thousand dollars and rewarded
• 8:44
  Speaker 3: myself by buying some additional shares. Very she's on the
• 8:47
  Speaker 3: money of her such as she's.
• 8:49
  Speaker 1: On the money reward like most people like. Oh my god,
• 8:51
  Speaker 1: So I went out and blew all my money on champagne.
• 8:53
  Speaker 1: Cough me, but I rewarded myself with some shares. Girl,
• 8:58
  Speaker 1: you have got it more together than we do.
• 9:00
  Speaker 3: We also wrote that it's the first time she's ever
• 9:01
  Speaker 3: had a savings account with over one thousand.
• 9:03
  Speaker 1: Dollars, so incredible. I love that.
• 9:06
  Speaker 3: The next one here is from Casey. Just this one
• 9:09
  Speaker 3: reminded me of you. She's very organized. We can all
• 9:11
  Speaker 3: take some tips away from this one money win. I've
• 9:14
  Speaker 3: been trying to get ahead on Christmas shopping, and today
• 9:17
  Speaker 3: I went into a lotion slash soap shop and they
• 9:20
  Speaker 3: were having a huge sale where the things were fifty
• 9:23
  Speaker 3: to seventy five percent off.
• 9:24
  Speaker 1: Did she say what the company wants just lotion slash soap.
• 9:27
  Speaker 1: Who says that, I don't know. God, sexy Land that's
• 9:33
  Speaker 1: what she's talking about, right, Well, hold on a minute.
• 9:36
  Speaker 3: She said that she's so excited because she saved ninety
• 9:38
  Speaker 3: dollars and she's going to collate all of this for
• 9:40
  Speaker 3: her coworker is later on in the year, mate, So
• 9:42
  Speaker 3: not sexy Land is what we're saying.
• 9:44
  Speaker 1: That she gives really inappropriate gifts. I feel like I
• 9:48
  Speaker 1: love context. You know her money wins, so feel free
• 9:50
  Speaker 1: if you're boasting to give me as much as possible.
• 9:53
  Speaker 3: The next one here, guys, is a long one, but
• 9:55
  Speaker 3: it's a good one, so bear with me. It is
• 9:57
  Speaker 3: from Eileen. So yesterday, my partner and I accidentally locked
• 10:02
  Speaker 3: ourselves out of the house after a rushed exit. We
• 10:05
  Speaker 3: called a locksmith and it was going to cost one
• 10:07
  Speaker 3: hundred and eighty dollars for them to get us in.
• 10:09
  Speaker 3: No thanks. We decided to leave it and go out
• 10:12
  Speaker 3: to dinner. This is the unnecessary detail.
• 10:14
  Speaker 1: Like how they solve problems like I do, oh got
• 10:16
  Speaker 1: a problem, let's going out for dinner.
• 10:19
  Speaker 3: I was going out to dinner booking as our friends
• 10:21
  Speaker 3: flew up from Sydney to catch up with us in Brisbane.
• 10:23
  Speaker 1: That's the detail we love.
• 10:25
  Speaker 3: Over this dinner, she told us she'd actually picked a
• 10:28
  Speaker 3: lock before and that with a bit of patience, bit
• 10:30
  Speaker 3: of elbow grease, you can actually do it yourself, which
• 10:33
  Speaker 3: is kind of alarming. So after dinner they made a
• 10:37
  Speaker 3: twelve am dash to the chemist. They bought a twenty
• 10:39
  Speaker 3: pack of Bobby pins. Twenty minutes later, after fiddling with
• 10:42
  Speaker 3: the lock, they managed to open the door. Long story short,
• 10:46
  Speaker 3: I saved my partner and I one hundred and eighty dollars.
• 10:48
  Speaker 3: And we're all terrified at that story. Money we know, yeah,
• 10:53
  Speaker 3: do you reckon?
• 10:54
  Speaker 5: Anyone could do that? Because that makes me very inference.
• 10:58
  Speaker 1: I feel like that's a skill I want to have
• 11:00
  Speaker 1: in my back pocket. Sucks. Oh my god. I love
• 11:04
  Speaker 1: that she thinks it's a money winner as well, because
• 11:06
  Speaker 1: like Bobby wins, nover girl, you had to buy those.
• 11:09
  Speaker 1: You got twenty of them. They are lasting point two
• 11:11
  Speaker 1: seconds in my house? What else you got? Okay?
• 11:14
  Speaker 3: The next one is my favorite, They're all my favorite.
• 11:16
  Speaker 3: This one's my favorite comes from Ali money loss, but
• 11:21
  Speaker 3: life win. I finally got the hedgehog I've wanted since
• 11:24
  Speaker 3: I was a teenager.
• 11:25
  Speaker 1: I really should have read through this before letting you
• 11:28
  Speaker 1: read it out on stage.
• 11:29
  Speaker 3: I got her from a rescue about an hour from me,
• 11:32
  Speaker 3: and it was one hundred and fifty dollars in adoption fees,
• 11:34
  Speaker 3: another fifty in food and supplies, and I've spent another
• 11:37
  Speaker 3: fifty on fun accessories such as a dedicated snubble bag
• 11:40
  Speaker 3: to carry her in.
• 11:43
  Speaker 1: No judgment, no, no, I love that she's clearly not
• 11:46
  Speaker 1: in Australia. She's based in the US. Okay research where
• 11:49
  Speaker 1: a little bit of stalky stalks. The next commet down,
• 11:51
  Speaker 1: Well we need to say hedgehog. I was like, everyone's laughing,
• 11:53
  Speaker 1: but hahah, she's probably gonna say hedgehogs life like the animal.
• 11:58
  Speaker 5: We're going to be in the States later in the
• 11:59
  Speaker 5: yard in Orlando. So, Alie, I want to meet your
• 12:02
  Speaker 5: hedgehog please?
• 12:03
  Speaker 1: Yeah, Like, if you're in Orlando, we will meet you.
• 12:05
  Speaker 1: But to be honest, I would pay for flights to
• 12:07
  Speaker 1: go see your hedgehogs. So wherever you are, let me know.
• 12:11
  Speaker 3: The final win of the day, lady is it comes
• 12:14
  Speaker 3: from Emily. It's a bit of an inspirational one to
• 12:16
  Speaker 3: leave us with money.
• 12:17
  Speaker 2: Win.
• 12:18
  Speaker 3: I did an odd air tasker job for paralegal work
• 12:20
  Speaker 3: as I'm currently on matt leave and in my final
• 12:22
  Speaker 3: semester of my law degree, I got paid three hundred
• 12:26
  Speaker 3: dollars for a couple hours of work and I got
• 12:28
  Speaker 3: to do it from home. Huge There is more, though,
• 12:31
  Speaker 3: double win, I got offered a job out of the
• 12:34
  Speaker 3: work I did where I'm able to work remotely with
• 12:37
  Speaker 3: flexible hours which work around my baby's sleeping time. And
• 12:40
  Speaker 3: I'm now earning double the amount of what I do
• 12:43
  Speaker 3: at my current paralegal part time job. So now I'm
• 12:46
  Speaker 3: doing both two days a week and I've increased my
• 12:49
  Speaker 3: annual salary by thirty five thousand dollars and I don't
• 12:52
  Speaker 3: even need to get out of my pjs to do.
• 12:54
  Speaker 1: What on air on air taskar, I've literally only used
• 12:58
  Speaker 1: that to get people to put itafiron together for me
• 13:01
  Speaker 1: so that my relationship stays intact. Like literally, I didn't
• 13:05
  Speaker 1: know that was an option. Guys, don't get any ideas.
• 13:09
  Speaker 1: That's it for the week, guy, That's all you've got. Well, guys,
• 13:13
  Speaker 1: it has been so great celebrating some of your budget
• 13:16
  Speaker 1: direct money wins Budget Direct winner of Canstars twenty twenty
• 13:21
  Speaker 1: two Insurer of the Year Award. Budget Direct Insurance solved
• 13:26
  Speaker 1: and now we're going to head to a really quick break.
• 13:35
  Speaker 3: Hi, bet, have you got a money dilemma you just
• 13:37
  Speaker 3: can't solve That. She's on the Money team is here
• 13:40
  Speaker 3: to help. Every week we tackle your dilemmas, both big
• 13:43
  Speaker 3: and small, to answer your most burning money, career and
• 13:46
  Speaker 3: life questions. To get involved, simply head to our website
• 13:49
  Speaker 3: and leave us a quick voice recording and you may
• 13:51
  Speaker 3: just find yourself on the show. Now let's take a
• 13:54
  Speaker 3: listen to today's money dilemma.
• 13:56
  Speaker 1: Now it is time for some audience interaction and to
• 13:59
  Speaker 1: solve a you juicy it money dilemmas and a Lisa.
• 14:03
  Speaker 1: I believe that you have a lineup of incredibly special
• 14:06
  Speaker 1: Shees on the Money members to ask their questions live.
• 14:09
  Speaker 1: We've got some good ones for you. Victoria Terrible Advice Live.
• 14:17
  Speaker 6: Hello, Hello, I'm Maddied lovely in person. My question is,
• 14:22
  Speaker 6: I guess, in your opinion, what are the best ways
• 14:25
  Speaker 6: that we can set ourselves up to be financially secure
• 14:29
  Speaker 6: long term into our future?
• 14:30
  Speaker 4: Can I start sure?
• 14:32
  Speaker 1: I don't know any of that money.
• 14:35
  Speaker 5: I started by paying off debt I was listening in
• 14:38
  Speaker 5: the Shees on the Money community two years ago with
• 14:40
  Speaker 5: a whole truckload of personal debt. And you know, the
• 14:44
  Speaker 5: advice that you gave then was if you have savings
• 14:47
  Speaker 5: and debt, you don't actually have savings. And that really
• 14:50
  Speaker 5: hit home for me. And so I worked really hard
• 14:52
  Speaker 5: and I paid off my debt and it was like
• 14:54
  Speaker 5: I became a new person. It like really lifted a
• 14:56
  Speaker 5: weight off of my shoulders and it made me feel
• 14:58
  Speaker 5: like I could tackle my new financial goals without that
• 15:01
  Speaker 5: burden over my head.
• 15:02
  Speaker 4: So that's where I would.
• 15:03
  Speaker 1: Start, a very good starting point. Oh, George, you've got
• 15:07
  Speaker 1: something to say, O, yes, we'll get.
• 15:09
  Speaker 4: To v lord.
• 15:10
  Speaker 3: So I would say probably taking super seriously is very important.
• 15:15
  Speaker 3: I think a lot of people tune out when they
• 15:17
  Speaker 3: hear the word superannuation. It's boring, don't he excuse me?
• 15:22
  Speaker 1: Actually, like my favorite thing in the entire world, Like,
• 15:25
  Speaker 1: how many of you can say, I'm investing ten point
• 15:27
  Speaker 1: five percent as of tomorrow, ten point five percent of
• 15:31
  Speaker 1: my money into an investment for my financial future? Huh
• 15:34
  Speaker 1: jokes all of you? Because of super Like that's the
• 15:37
  Speaker 1: impulsory all right, carry on, sorry.
• 15:39
  Speaker 4: But it is.
• 15:39
  Speaker 3: It's so important for women, and we know when we
• 15:42
  Speaker 3: get to retirement, so many of us end up in
• 15:44
  Speaker 3: a much worse off position, especially compared to men, because
• 15:47
  Speaker 3: we have taken time out of the workforce to raise families.
• 15:50
  Speaker 3: And there's so many other factors that go into it.
• 15:52
  Speaker 3: But I think, especially if you're self employed or freelance,
• 15:55
  Speaker 3: make sure you're paying super because it is so very important,
• 15:58
  Speaker 3: little boring but important. The other thing I would say
• 16:01
  Speaker 3: is don't use after pay if you can avoid it,
• 16:04
  Speaker 3: Like that was maybe obvious, an obvious take from us,
• 16:07
  Speaker 3: but yeah, not a fan of what.
• 16:08
  Speaker 1: Do you mean do we not? Like not the biggest fans. Interesting,
• 16:13
  Speaker 1: I'm not going to go on and on about them
• 16:14
  Speaker 1: because they already got them to ask me to stop,
• 16:16
  Speaker 1: So not gonna though. All Right, So I feel like
• 16:20
  Speaker 1: that is an epic question, and I totally agree with that.
• 16:23
  Speaker 1: Like Jess's advice of getting out of debt is the
• 16:26
  Speaker 1: one thing that I would say is a priority if
• 16:28
  Speaker 1: you're in it right now. I feel like it's so
• 16:30
  Speaker 1: easy to bury your head in the sand around consumer
• 16:33
  Speaker 1: debt because it feels overwhelming, And yeah, I guess that's
• 16:36
  Speaker 1: where you came from too, Jess. You or she's on
• 16:37
  Speaker 1: the money community member, now you are she's on the money,
• 16:41
  Speaker 1: which is so cool to me, But my advice would
• 16:43
  Speaker 1: really be so boring and comparison to hear answers this
• 16:47
  Speaker 1: budget and it's cash flow, and it's remembering that it's
• 16:51
  Speaker 1: not actually what you earn, it's what you save and
• 16:53
  Speaker 1: invest and care about. It's really about your ability to
• 16:58
  Speaker 1: understand every single dollar that comes Because I basically can
• 17:01
  Speaker 1: guarantee all of you are able to answer the question
• 17:03
  Speaker 1: of like how much do you earn? You'll be like, oh,
• 17:05
  Speaker 1: I earn sixty grand, or earn seventy or awn more
• 17:07
  Speaker 1: than that or whatever it is, but not many of
• 17:10
  Speaker 1: you could say on an annual figure, like we'll actually
• 17:12
  Speaker 1: spend sixty grand a year, like we don't know that number.
• 17:15
  Speaker 1: And I think that that's such a powerful number to
• 17:17
  Speaker 1: understand because if we can get an understanding of every
• 17:20
  Speaker 1: dollar that comes in and work out what job that
• 17:23
  Speaker 1: dollar has it doesn't matter what it is, and understand
• 17:26
  Speaker 1: them what leaves our bank account, that's where our power is.
• 17:29
  Speaker 1: That's what we can actually, you know, use to put
• 17:32
  Speaker 1: ourselves back in control because we understand it, and not
• 17:36
  Speaker 1: many people genuinely understand their cash flow. And I say
• 17:39
  Speaker 1: that as a legitimate financial advisor who talks to people
• 17:42
  Speaker 1: who earn sixty grand a year, but also people who
• 17:45
  Speaker 1: earn four hundred five hundred two million dollars a year
• 17:48
  Speaker 1: literally on a weekly basis. And even those people, once
• 17:51
  Speaker 1: they are earning millions a year, they genuinely can't tell
• 17:55
  Speaker 1: me either. Some of my wealthiest clients are not the
• 17:57
  Speaker 1: ones that are earning millions. Is the ones that were
• 18:00
  Speaker 1: consistent and steady and understood and cared and we can
• 18:04
  Speaker 1: all do that. It is hard at the start to
• 18:06
  Speaker 1: pull your head under the sound because it is overwhelming.
• 18:09
  Speaker 1: But from my position, it's really about that budgeting cash
• 18:13
  Speaker 1: flow as a foundational skill to then you know, go
• 18:16
  Speaker 1: all right, this is my budget. This is what debt
• 18:17
  Speaker 1: can do for me. Okay, now I need to care
• 18:19
  Speaker 1: about super like. There are heaps of steps, but like
• 18:22
  Speaker 1: that for me would be the first one. I hope
• 18:24
  Speaker 1: that answers your question. Yes, that was beautiful.
• 18:26
  Speaker 4: Thank you, got chazs wen up.
• 18:28
  Speaker 7: Next, thank you, Happy birtha, victorious my birthday, two birthday, buddies.
• 18:37
  Speaker 4: Birthday, thank you. Yeah.
• 18:39
  Speaker 7: So my question was, as a fellow data nerd, I
• 18:42
  Speaker 7: was hoping that you would be able to tell me
• 18:44
  Speaker 7: whether you had plans to unpack the latest twenty twenty
• 18:47
  Speaker 7: one census starter on the pod.
• 18:49
  Speaker 1: I mean, yeah, like, do you want us to unpack it?
• 18:52
  Speaker 1: Now we can because guess what I knew you were
• 18:55
  Speaker 1: going to ask. It was the only question they've waten
• 18:59
  Speaker 1: us all because like, you can't just sit up here
• 19:01
  Speaker 1: and have some data questions and be like, yeah, I'll
• 19:03
  Speaker 1: unpack that on the pod theater. Thanks for coming, Jasmine.
• 19:06
  Speaker 1: Also thanks for asking that as an end of financial
• 19:09
  Speaker 1: year baby. Our friend over here, Georgia King, did some research.
• 19:14
  Speaker 3: And by that she means I read one article and
• 19:17
  Speaker 3: I'm going.
• 19:17
  Speaker 1: To share the find just one that came up on
• 19:19
  Speaker 1: Google news dot com dot are you pulling through with
• 19:22
  Speaker 1: the goods?
• 19:22
  Speaker 4: You're not wrong?
• 19:23
  Speaker 3: Actually, So Statskirl, though coming at you, OG fans will
• 19:27
  Speaker 3: know you.
• 19:27
  Speaker 1: You are known as stats girl in the community. Could
• 19:30
  Speaker 1: be statskill two point zero.
• 19:31
  Speaker 3: So a couple of stats that have come out from
• 19:33
  Speaker 3: this first batch of census.
• 19:35
  Speaker 1: There's more to.
• 19:35
  Speaker 3: Come, plenty more to come, which we will dig into
• 19:37
  Speaker 3: when we do do our big episode on it. But
• 19:40
  Speaker 3: millennials have caught up to baby boomers, so I think
• 19:43
  Speaker 3: there's five point five million of US five point five
• 19:46
  Speaker 3: million of them. There's a couple in Australia, not across
• 19:49
  Speaker 3: the world.
• 19:49
  Speaker 1: That would be small because the census is Australia. Correct.
• 19:52
  Speaker 4: Are we thing new boomer does that? Like, that's what's
• 19:55
  Speaker 4: becoming career?
• 19:56
  Speaker 1: Okay? But according to the guy on TikTok on the
• 19:59
  Speaker 1: videos watching this instead of doing work and preparing for this,
• 20:02
  Speaker 1: he was like, oh my gosh. Yeah, So the older
• 20:04
  Speaker 1: generation on TikTok like, you know that, you guys born
• 20:06
  Speaker 1: in the nineties. I was like, sir, the older generation ogo,
• 20:12
  Speaker 1: it hurts.
• 20:13
  Speaker 3: So that was the first stat and the second start
• 20:16
  Speaker 3: was that there's been a huge increase in people moving
• 20:19
  Speaker 3: back home. So I think it was for men, there's
• 20:23
  Speaker 3: been an increase since the last census of about seventeen percent,
• 20:26
  Speaker 3: so it's something like two hundred and eighty thousand men
• 20:29
  Speaker 3: between the ages of twenty five and thirty four are
• 20:32
  Speaker 3: back at home. And for women, it's been a jump
• 20:34
  Speaker 3: of like thirteen or fourteen percent, and it's about one
• 20:36
  Speaker 3: hundred and eighty thousand people women within that age bracket
• 20:39
  Speaker 3: are back at home, which I think is understandable given
• 20:43
  Speaker 3: like accountable, darker.
• 20:44
  Speaker 1: Time we're living in. As previously mentioned, let's reframe that
• 20:48
  Speaker 1: though they've all been listening to Shoes on the Money
• 20:50
  Speaker 1: and want to save money, and they've made the decision
• 20:52
  Speaker 1: to move home because they're financially savvy, that's it. I've
• 20:58
  Speaker 1: also been doing a little bit of research, mainly because
• 21:00
  Speaker 1: the second it came out, I was on the ABS
• 21:02
  Speaker 1: website like, ha, this is so fun. Unsurprisingly, our income
• 21:06
  Speaker 1: has increased, I mean, not as much as we need
• 21:09
  Speaker 1: to keep up with inflation, but it's gone from six
• 21:12
  Speaker 1: hundred and sixty two dollars to eight hundred and five dollars,
• 21:16
  Speaker 1: which is a nice little boost of one hundred and
• 21:18
  Speaker 1: forty three dollars. We like the income is increasing because
• 21:22
  Speaker 1: obviously that's reflective of a semi healthy economy. But the
• 21:26
  Speaker 1: thing that I didn't like about it is that, like
• 21:29
  Speaker 1: that gender and demographical and geographical disparity is still there,
• 21:34
  Speaker 1: so you know, there is still that gap between males
• 21:37
  Speaker 1: and females and what they earn, and people who are
• 21:40
  Speaker 1: living regionally and people who are living in metro and
• 21:42
  Speaker 1: what they earn. And I guess looking at that, they're
• 21:45
  Speaker 1: the statistics that as a community and as she's on
• 21:47
  Speaker 1: the money, we really want to focus on. We don't
• 21:49
  Speaker 1: want to go, oh my god, we're earning more like
• 21:50
  Speaker 1: because we kind of not like as a community, we're women,
• 21:53
  Speaker 1: so like, that's a nice number. But did we all
• 21:55
  Speaker 1: get that pay rise? Probably not, let's be honest. And
• 21:57
  Speaker 1: then the second thing is really interesting statistic. There are
• 22:01
  Speaker 1: now in Australia more than one million people that are
• 22:05
  Speaker 1: earning more than three grand a week. So that's a
• 22:09
  Speaker 1: lot of money. And you go million relatable content, unrelatable content.
• 22:13
  Speaker 1: I clearly don't pay these guys well enough, but to
• 22:16
  Speaker 1: put that in context of our population, that means one
• 22:19
  Speaker 1: in twenty five people are now earning more than one
• 22:22
  Speaker 1: hundred and fifty six thousand dollars each and every single week,
• 22:25
  Speaker 1: which means when you go to Cohle's, you're just walking
• 22:27
  Speaker 1: around with some people who are technically rich every single time,
• 22:30
  Speaker 1: which is kind of cool.
• 22:33
  Speaker 4: They're buying all the Iceberg.
• 22:34
  Speaker 1: Lettus, They're buying all the Iceberg lettuce. That's why they
• 22:37
  Speaker 1: can charge that much because they know, apparently we can
• 22:39
  Speaker 1: afford it. The other thing is unemployment rates are up,
• 22:42
  Speaker 1: and I wanted to mention that when we're talking about,
• 22:44
  Speaker 1: you know, data and around the census, because that is
• 22:48
  Speaker 1: not surprising, given COVID, given everything that is happening, given
• 22:51
  Speaker 1: the fact that we are now officially in a bear
• 22:53
  Speaker 1: market and that we're heading towards a recession, I'm not
• 22:57
  Speaker 1: surprised by this, but it is disheartening because one point
• 23:00
  Speaker 1: six six seven million people are now unemployed. And as
• 23:05
  Speaker 1: much as that's a terrifying number, because essentially, back to
• 23:08
  Speaker 1: the statistic I gave you before, of now a million
• 23:11
  Speaker 1: people are earning more than three grand a week, that's
• 23:13
  Speaker 1: one in twenty five people that are unemployed. Like that
• 23:16
  Speaker 1: is a lot of people, and given the recession that
• 23:19
  Speaker 1: is coming, it's only going to increase. So I think
• 23:22
  Speaker 1: that we need to just be really conscious of our
• 23:24
  Speaker 1: emergency funds, really conscious of what's going on, having a
• 23:27
  Speaker 1: little bit of empathy for the people that are surrounding us,
• 23:29
  Speaker 1: because it's not going to be easy for everybody. That's
• 23:32
  Speaker 1: a really dull Later ended, Jasmine, I hope that has
• 23:37
  Speaker 1: answered some of it, but yes, we're going to do
• 23:39
  Speaker 1: an entire episode. But the thing about the ABS is
• 23:41
  Speaker 1: they don't release all census starter at once. They like
• 23:44
  Speaker 1: to like trickle it out to keep the engagement rates high.
• 23:47
  Speaker 1: Kind of rude, kind of what we do. Maybe they've
• 23:49
  Speaker 1: got our strategy to keep their community engaged. Yeah, we
• 23:53
  Speaker 1: will do a whole episode on it when we have enough,
• 23:55
  Speaker 1: because I really want to crack that. The thing I
• 23:57
  Speaker 1: also want to crack is our own community census, which
• 23:59
  Speaker 1: will be coming out in the next month or so,
• 24:02
  Speaker 1: so we get a really good feel of what our
• 24:04
  Speaker 1: community are doing, not just what Australia is doing. So
• 24:08
  Speaker 1: thank you.
• 24:09
  Speaker 4: Happy birthday, Happy birthday, Thank you.
• 24:13
  Speaker 1: Hi guys him Chloe, is it your birthday too? No, well,
• 24:17
  Speaker 1: happy birthday when your birthday is thank you. I wanted
• 24:20
  Speaker 1: to ask a question about your careers. So you guys
• 24:23
  Speaker 1: are obviously thriving and it's amazing to see, but it
• 24:27
  Speaker 1: would just be great to hear how you knew what
• 24:29
  Speaker 1: you wanted to do, if you did, and how you
• 24:31
  Speaker 1: got to where you are today. Spoiler we didn't. What
• 24:36
  Speaker 1: do you mean?
• 24:38
  Speaker 4: Yeah, well, I'll take it.
• 24:39
  Speaker 3: Firstly, that's like the nicest thing anyone's ever said to me.
• 24:42
  Speaker 3: Thank you so much. But I would say for me,
• 24:46
  Speaker 3: I never knew what I wanted to do. All I
• 24:49
  Speaker 3: knew in high school was that I liked writing, I
• 24:52
  Speaker 3: liked talking, and I liked performing a little bit of
• 24:54
  Speaker 3: a drama rge, and so that led me to like
• 24:57
  Speaker 3: a career in media. But I was always really jealous
• 25:00
  Speaker 3: of the kids in school that were like, I want
• 25:01
  Speaker 3: to be a nurse, and that path was really clear, Oh,
• 25:04
  Speaker 3: I want to be a surgeon, I want to be
• 25:05
  Speaker 3: a teacher, and it was just really obvious where it's me.
• 25:07
  Speaker 3: I was like, I like to talk and write. So yeah,
• 25:10
  Speaker 3: eventually found my way into a media degree and from
• 25:13
  Speaker 3: there have just done numerous roles in various companies, doing
• 25:17
  Speaker 3: lots of different things, driving golf buggies at the Grand
• 25:20
  Speaker 3: Prix to now hosting Shees on the Money, And Yeah,
• 25:23
  Speaker 3: I think if you're kind of questioning where you want
• 25:27
  Speaker 3: to direct your career, it's a really good idea just
• 25:30
  Speaker 3: to ask yourself what you love, what you're passionate about,
• 25:32
  Speaker 3: what you're good at, and then try and push yourself
• 25:36
  Speaker 3: into those spaces just for like interning experience or work experience,
• 25:40
  Speaker 3: and see if it is what you want to do
• 25:42
  Speaker 3: from there. But yeah, I would also say, like you
• 25:45
  Speaker 3: just I don't feel like I'm nailing it at all,
• 25:47
  Speaker 3: Like I'm so sweaty.
• 25:51
  Speaker 4: But yeah, that's probably all I have to say.
• 25:54
  Speaker 3: Yeah, everyone has self doubt and struggles with career stuff,
• 25:56
  Speaker 3: so yeah, don't be hard on yourself.
• 25:58
  Speaker 4: If you are someone who is hard on yourself.
• 26:00
  Speaker 5: I feel my experience was pretty similar in that I
• 26:03
  Speaker 5: think I said this on the pod before.
• 26:04
  Speaker 4: Actually, like I had.
• 26:05
  Speaker 5: A really non linear career journey to get to here,
• 26:09
  Speaker 5: and I have this really clear memory of being in
• 26:12
  Speaker 5: high school and I was a fellow theater kid to
• 26:13
  Speaker 5: represent we.
• 26:14
  Speaker 1: Only hire drama kids.
• 26:16
  Speaker 5: Yeah, we are the drama apparently. But I remember sitting
• 26:19
  Speaker 5: in my career counselor's office and talking about what I
• 26:22
  Speaker 5: wanted to do, and I was like, I want to
• 26:24
  Speaker 5: be an actor, and they were like, well, you're not
• 26:26
  Speaker 5: going to be successful, You're never going to go anywhere.
• 26:29
  Speaker 5: Can you be a little more realistic?
• 26:31
  Speaker 1: And I just.
• 26:31
  Speaker 5: Remember being so devastated and so upset and I'm not
• 26:35
  Speaker 5: an actor.
• 26:35
  Speaker 1: Shockingly, I got told the same thing I got told
• 26:39
  Speaker 1: at the end of high school that I was a
• 26:42
  Speaker 1: basketball player on a tennis court. Well thanks, babe, cute
• 26:46
  Speaker 1: from that Jamous Filett look at this.
• 26:49
  Speaker 5: Yeah, And so I graduated and I kind of just
• 26:51
  Speaker 5: got a job in I think I was in real
• 26:53
  Speaker 5: estate and just doing admin, and I kind of worked
• 26:55
  Speaker 5: my way up and learned new skills and I ended
• 26:58
  Speaker 5: up here. Actually, during COVID, I was working in a
• 27:01
  Speaker 5: warehouse because I lost my job like so many people did,
• 27:04
  Speaker 5: and I just needed to put money on the table.
• 27:06
  Speaker 5: And I got a job working in a warehouse and
• 27:08
  Speaker 5: it definitely wasn't the dream, but it was a job,
• 27:11
  Speaker 5: and I was very grateful.
• 27:12
  Speaker 4: And I was.
• 27:13
  Speaker 5: Listening to Shees on Money, and I was paying off
• 27:15
  Speaker 5: my debt and I was doing all of the right things.
• 27:17
  Speaker 5: And I saw an Instagram post go up on the
• 27:20
  Speaker 5: Shoes on the Money Instagram that said you were hiring somebody,
• 27:22
  Speaker 5: and I was just like, oh my god, the stars
• 27:25
  Speaker 5: have aligned. I meant to be here, and I applied
• 27:27
  Speaker 5: for the job, and I just I remember I wanted
• 27:29
  Speaker 5: it so badly.
• 27:31
  Speaker 1: Yeahs old, I'm sorry to money in here, Like, I
• 27:34
  Speaker 1: don't mean, how bad did you want it? I mean
• 27:36
  Speaker 1: I asked people to send a cover letter explaining why
• 27:39
  Speaker 1: they would want their job and their resume through Jess
• 27:42
  Speaker 1: what did you do?
• 27:43
  Speaker 4: I sent a video of myself saying how badly I
• 27:47
  Speaker 4: wanted to pinch job me to.
• 27:48
  Speaker 1: B It wasn't even just that she'd Jess is a
• 27:50
  Speaker 1: little bit of a YouTuber, so she'd created me this
• 27:53
  Speaker 1: customer YouTube, completely edited, telling me exactly why I was
• 27:56
  Speaker 1: a perfect fit. Should stop looking for anybody else because
• 27:58
  Speaker 1: I'm wasting my time. Here's what I do with schese
• 28:01
  Speaker 1: on the money. This is what your socials would look like,
• 28:03
  Speaker 1: this is what your content would be like. This is
• 28:04
  Speaker 1: why I know I'm the best for this job. And
• 28:06
  Speaker 1: I was like, you're coming in or.
• 28:08
  Speaker 4: Like two days later I started working on Yeah.
• 28:10
  Speaker 1: Literally, I was like, how much notice do you have
• 28:12
  Speaker 1: to give in your work in a warehouse? When do
• 28:13
  Speaker 1: you want me?
• 28:14
  Speaker 2: Like?
• 28:15
  Speaker 1: And it was fantastic. But I think that that's what
• 28:18
  Speaker 1: I guess, you know, as the person who's the employer,
• 28:20
  Speaker 1: and arguably I'm a very young, probably very different employer
• 28:23
  Speaker 1: to a lot of people. I've never looked at credentials
• 28:27
  Speaker 1: as some form of entitlement to a good job or
• 28:31
  Speaker 1: as some form of acknowledgment like and I look at it,
• 28:35
  Speaker 1: maybe because I'm privileged enough to have four degrees, I'm
• 28:38
  Speaker 1: just going, well, I'm still not smarter than these guys,
• 28:41
  Speaker 1: Like what's that done? For me. So I've always hired
• 28:44
  Speaker 1: on tenacity. I've always hired on energy. And the second
• 28:48
  Speaker 1: you know, not to rub your ego to me, if
• 28:49
  Speaker 1: you could just block your ears while I share this
• 28:51
  Speaker 1: with them, that would be great. The second I saw
• 28:53
  Speaker 1: justice application, I was like, I want that energy in
• 28:55
  Speaker 1: my business. I want the person who is as passionate.
• 29:00
  Speaker 1: Thought you were as passionate as I am about my business,
• 29:03
  Speaker 1: in my business working for me. I don't care if
• 29:05
  Speaker 1: she doesn't have the technical skills. I can see that passion.
• 29:07
  Speaker 1: I can see that I am going to be able
• 29:09
  Speaker 1: to teach her that that is fine by me. And
• 29:12
  Speaker 1: I had so many really educated, really experienced people apply
• 29:17
  Speaker 1: for the role that Jess applied for, and I just like,
• 29:20
  Speaker 1: I don't even care what you've done. I want the
• 29:23
  Speaker 1: person who genuinely wants it. And so I guess that's
• 29:27
  Speaker 1: about tenacity and actually just putting yourself forward. And we
• 29:30
  Speaker 1: know that women are far less likely to put themselves
• 29:33
  Speaker 1: forward when good jobs come up that they desperately want,
• 29:36
  Speaker 1: they go, oh, maybe if I have a few more
• 29:38
  Speaker 1: years of experience. I'm literally a boss telling you the experience.
• 29:41
  Speaker 1: It might matter, But like, what's the worst that could
• 29:44
  Speaker 1: happen if you put yourself forward. You've got a really
• 29:46
  Speaker 1: great experience. You've got more experience putting together a resume,
• 29:49
  Speaker 1: writing a cover letter, maybe having an interview, and the
• 29:53
  Speaker 1: worst thing that they can say is no, and you
• 29:54
  Speaker 1: just stay in the job that you were in before.
• 29:56
  Speaker 1: The alternative of that is you being consistently disappointed. And before, Georgia,
• 30:01
  Speaker 1: you said that you really admired those people who had
• 30:05
  Speaker 1: their stuff together in high school. This is so bad,
• 30:09
  Speaker 1: and I wish I'm not mentioning because I know you're
• 30:10
  Speaker 1: going to go looking for it. I found my Debutante
• 30:13
  Speaker 1: DVD from two thousand and eight DVD and I had
• 30:19
  Speaker 1: to like go find My partner used to play PlayStation
• 30:22
  Speaker 1: a lot. We didn't have a DVD player at home.
• 30:24
  Speaker 1: I had like be like, do we have a PlayStation
• 30:25
  Speaker 1: or something we could play a DVD. So I had
• 30:27
  Speaker 1: to go find it so I could watch this debutante thing.
• 30:30
  Speaker 1: And if you did your debutante, you know that he's
• 30:34
  Speaker 1: really weird looking back on it, like what was that?
• 30:37
  Speaker 1: They like present you and explain like what you want
• 30:40
  Speaker 1: to be when you grow up, and it's like mine
• 30:42
  Speaker 1: is Victoria wants to be a surgeon. Do I look
• 30:46
  Speaker 1: like a surgeon? So I feel like I was that
• 30:49
  Speaker 1: kid that was so stuck on what I wanted to
• 30:51
  Speaker 1: be when I grew up, because I knew that was
• 30:53
  Speaker 1: kind of impressive, right Like if I say I'm a
• 30:55
  Speaker 1: surgeon or I'm going to be a surgeon, and I'm
• 30:57
  Speaker 1: working towards that, like, that's good. So I just feel
• 31:00
  Speaker 1: like even if people around you seem to know what
• 31:03
  Speaker 1: they want, that doesn't necessarily mean that that's where they'll
• 31:05
  Speaker 1: end up or that's actually what they want, because I
• 31:07
  Speaker 1: think for me, I was just trying so hard to
• 31:09
  Speaker 1: pick something that gave me that sense of achievement that
• 31:12
  Speaker 1: I was trying to look for. And looking back on
• 31:15
  Speaker 1: my career, my arguably semi short career because I am
• 31:18
  Speaker 1: now in my heading towards my mid thirties, I look
• 31:21
  Speaker 1: back at it and go, all right, what is the
• 31:24
  Speaker 1: consistent here? And the consistent isn't actually a surgeon or
• 31:27
  Speaker 1: a psychologist, or a financial advisor or now a podcaster.
• 31:30
  Speaker 1: It is actually that I just wanted to help people,
• 31:32
  Speaker 1: and I was desperately searching for a way to connect
• 31:35
  Speaker 1: and to help and to put people in a better position.
• 31:39
  Speaker 1: And so for me. I think my advice would be
• 31:41
  Speaker 1: follow the things that give you energy, follow the things
• 31:44
  Speaker 1: that feel you full of joy, because they will grow.
• 31:47
  Speaker 1: And it's very hard to grow something that you don't
• 31:49
  Speaker 1: put a lot of love into. So I think that
• 31:52
  Speaker 1: when it comes to Korea, taking the pressure off what
• 31:54
  Speaker 1: that is and going what do I want to do
• 31:56
  Speaker 1: and how does that work? Because I think it's just
• 31:59
  Speaker 1: everything that has worked out for me in life isn't
• 32:01
  Speaker 1: because I was already good at it. It was because
• 32:03
  Speaker 1: I just gave it a crack. And you know, I
• 32:06
  Speaker 1: know what this looks like. I have been at panel events,
• 32:10
  Speaker 1: I've been at things. Look at the people on the stage.
• 32:13
  Speaker 1: I'm like, oh my god, Like they're so impressive or
• 32:14
  Speaker 1: they're this, or they're that or the other. Like we're
• 32:17
  Speaker 1: not like, we're just like you. I mean, we've got
• 32:19
  Speaker 1: professional hair and makeup, so we're like the best versions
• 32:22
  Speaker 1: of ourselves right now. But it's interesting you only see
• 32:25
  Speaker 1: the highlight reels of stuff. People aren't going to share
• 32:28
  Speaker 1: the highest, the lows, the main crying like it happens
• 32:30
  Speaker 1: all the time. But I think that career puts a
• 32:33
  Speaker 1: lot of pressure on you and for a lot of
• 32:35
  Speaker 1: people it's not even the main priority of their life.
• 32:38
  Speaker 1: I hope that has answered some of them.
• 32:40
  Speaker 4: Thank you, hi Els.
• 32:45
  Speaker 1: I just had a question about investing. Hello, what do
• 32:48
  Speaker 1: you think the biggest misconceptions are around investing? Oh, there's
• 32:53
  Speaker 1: a few. Do you girls have some misconceptions? Before I
• 32:56
  Speaker 1: dive straight in?
• 32:58
  Speaker 3: I think, I mean they haven't started investing. Actually I
• 33:02
  Speaker 3: micro invest, So three cheers.
• 33:04
  Speaker 1: I'm superannuation Georgia King.
• 33:06
  Speaker 4: Yeah, exactly, exactly right.
• 33:08
  Speaker 3: But I would say it's that you need to wait
• 33:11
  Speaker 3: to start investing when you're earning more down the line,
• 33:14
  Speaker 3: when you're financially set up. It's like a rich person's game,
• 33:17
  Speaker 3: when really we know that the sooner you start, the better.
• 33:20
  Speaker 4: V what's the stat you always.
• 33:22
  Speaker 3: Roll out that when you're twenty one to sixty five?
• 33:24
  Speaker 1: Really should have put me under these versions? You know
• 33:27
  Speaker 1: the numbers you mean, like the compound interest one. Okay,
• 33:31
  Speaker 1: So the stat Georgia is referring to is the one
• 33:34
  Speaker 1: that I use a lot because I want to contextualize
• 33:36
  Speaker 1: that it doesn't take millions of dollars to make a
• 33:38
  Speaker 1: million dollars, and that is when you are twenty one.
• 33:41
  Speaker 1: Let's not mess this up when you're twenty one, if
• 33:42
  Speaker 1: you started investing five hundred dollars each and every single
• 33:46
  Speaker 1: month at an average rate of return of about seven
• 33:48
  Speaker 1: and a half percent, which financial advisors like to use,
• 33:51
  Speaker 1: nice clean number, also a relatively safe number to head
• 33:56
  Speaker 1: your bets on. If you were putting that money, that
• 33:58
  Speaker 1: five hundred bucks each every single month into a savings account,
• 34:02
  Speaker 1: when you turn sixty five, you'll have two hundred and
• 34:04
  Speaker 1: forty thousand dollars. Like that cool, no problems. Had you
• 34:08
  Speaker 1: invested that at that average rader return of seven and
• 34:10
  Speaker 1: a half percent, you would have one point two million
• 34:12
  Speaker 1: dollars and a one point two million dollar investment portfolio
• 34:16
  Speaker 1: pays you dividends, and so dividends are the income that
• 34:20
  Speaker 1: your share portfolio produces. It's not about selling it down.
• 34:23
  Speaker 1: Pays you an income of about fifty to sixty thousand
• 34:25
  Speaker 1: dollars each and every single year. That is you creating
• 34:28
  Speaker 1: an income for yourself. Imagine what you could do if
• 34:31
  Speaker 1: you cared more about your super once you, you know, get
• 34:34
  Speaker 1: a little bit more sturdy in your career and have
• 34:36
  Speaker 1: a little bit more free cashlow and can throw some
• 34:38
  Speaker 1: more money at stuff like that, Like we can create
• 34:40
  Speaker 1: financial freedom. It does not take millions of dollars to
• 34:44
  Speaker 1: create millions. And you know, I use that stat a
• 34:47
  Speaker 1: lot because I'm not twenty one anymore. It's going to
• 34:50
  Speaker 1: take me a little bit more to get there, and
• 34:51
  Speaker 1: that's okay, But like I think that that really contextualizes
• 34:55
  Speaker 1: the power of time and how we all kind of
• 34:57
  Speaker 1: wish we'd started earlier, but it puts like that five
• 35:00
  Speaker 1: in our back pocket to start sooner and get our
• 35:03
  Speaker 1: ducks in a row and you know, really start and really,
• 35:07
  Speaker 1: you know, start going there. And you're right, you don't
• 35:09
  Speaker 1: need millions of dollars. This is not sponsored. He is
• 35:11
  Speaker 1: just good. But our friends at Chares's right, like they
• 35:15
  Speaker 1: have found a way to make the entry point one cent,
• 35:18
  Speaker 1: Like use the code SotM and you get ten bucks.
• 35:22
  Speaker 1: But like, legit, it's that easy nowadays. I know, historically
• 35:26
  Speaker 1: it was really prohibitive and it was a man's community
• 35:30
  Speaker 1: and it was really about like a blowkey thing. And
• 35:32
  Speaker 1: I mean, the more I talk tomorrowseas actually round into
• 35:36
  Speaker 1: someone who's like, I'm an investor and I'm just like
• 35:38
  Speaker 1: here we go. And we had a really fun conversation
• 35:41
  Speaker 1: without me telling him what I did. But he definitely
• 35:44
  Speaker 1: knew more than me. I'm shaking my head for those
• 35:47
  Speaker 1: of you who are listening to this podcast, But it's
• 35:49
  Speaker 1: really interesting because it is such a blokes thing and
• 35:51
  Speaker 1: it's such a man's plain thing, and it's just it's
• 35:53
  Speaker 1: not as hard as you think it is. It can
• 35:56
  Speaker 1: be so simple and Jes like, you're now an investor,
• 35:59
  Speaker 1: which makes me so proud, and you're really prioritizing it. Guys.
• 36:03
  Speaker 1: Jess came into the office a couple of weeks ago
• 36:05
  Speaker 1: just like, yes, So I was fining these shares and
• 36:06
  Speaker 1: I've done my research, and I was like, who have
• 36:08
  Speaker 1: you become? I love this, but Jess, what's yours?
• 36:12
  Speaker 4: I think it is kind of what you just said.
• 36:13
  Speaker 5: I always thought that it would be much harder than
• 36:17
  Speaker 5: it actually is. Like it really did seem quite elusive
• 36:20
  Speaker 5: and overwhelming, and I guess because I didn't grow up
• 36:23
  Speaker 5: in a family that ever really spoke about investing, it
• 36:25
  Speaker 5: seems so far away for me. But once I had
• 36:28
  Speaker 5: listened to the podcast and done my research, I realized
• 36:31
  Speaker 5: that it's actually not that hard, and there are a
• 36:33
  Speaker 5: lot of things that you can do to make it
• 36:35
  Speaker 5: easier on yourself. You can buy ETFs that are pre balanced,
• 36:38
  Speaker 5: and there are all of these different options that are available,
• 36:40
  Speaker 5: and it's much easier to kind of just start and
• 36:44
  Speaker 5: kind of learn a bit more as you go and
• 36:47
  Speaker 5: take the plunge and commit.
• 36:48
  Speaker 4: To learning and commit to doing it regularly, and it's
• 36:51
  Speaker 4: all going to be okay.
• 36:51
  Speaker 5: It's not that hard and it's not that bad, and
• 36:54
  Speaker 5: there are so many great resources out there that you
• 36:56
  Speaker 5: can use to learn new things.
• 36:58
  Speaker 4: I hear there's a podcast that talks about it.
• 37:00
  Speaker 1: Sometimes, interested also a book coming out. Well, I don't
• 37:04
  Speaker 1: like reading about it. I think the thing I'd add
• 37:07
  Speaker 1: to that is that there's obviously this misconception that investing
• 37:13
  Speaker 1: is like gambling, and it couldn't be further from the
• 37:16
  Speaker 1: truth if you look at historical data over the last
• 37:19
  Speaker 1: thirty years, like, not one person who stayed invested for
• 37:22
  Speaker 1: that thirty year period lost money. So it's really about
• 37:24
  Speaker 1: a long term game, you know. Obviously, investing recently, I
• 37:29
  Speaker 1: feel like has had a lot of shade thrown at it,
• 37:32
  Speaker 1: purely because we've got these crypto influences and people throwing
• 37:35
  Speaker 1: money at these things that we think are really safe.
• 37:38
  Speaker 1: It makes me so uncomfortable, honestly, and I'm sorry this
• 37:41
  Speaker 1: if this is you, it makes me so uncomfortable when
• 37:44
  Speaker 1: I talk to people and they're like, yeah, I'm investing
• 37:46
  Speaker 1: in crypto, and then I have these really nice conversations
• 37:48
  Speaker 1: and be like, oh my god, what else do you
• 37:49
  Speaker 1: invest in? And they're like, I'm not the share market
• 37:50
  Speaker 1: too risky. I'm like, what, Like that asset class that
• 37:54
  Speaker 1: you have chosen isn't even regulated in this country for
• 37:58
  Speaker 1: a reason, like where you got your information? Like, I
• 38:01
  Speaker 1: totally understand that it is sexy and fun, and you know,
• 38:05
  Speaker 1: it's fun if that's what you want to get involved with,
• 38:07
  Speaker 1: But just this idea that investing is a gamble is
• 38:11
  Speaker 1: not the case if you're educating yourself and making decisions
• 38:14
  Speaker 1: that are putting you in the best possible position. And
• 38:17
  Speaker 1: I think the other misconception, Yeah, it's just around accessibility
• 38:21
  Speaker 1: and affordability and that I don't know. We're talking about
• 38:26
  Speaker 1: it a while ago, George, and you're like, yeah, but
• 38:28
  Speaker 1: I just don't know how much to put in. I'm
• 38:29
  Speaker 1: like five bars, Like you don't have to take your
• 38:33
  Speaker 1: life savings and put it into the investment market. You
• 38:36
  Speaker 1: just have to dip your toes in and see how
• 38:39
  Speaker 1: you're going and it might start like George's recently started
• 38:42
  Speaker 1: micro investing just to see how the markets are performing.
• 38:45
  Speaker 1: And if you do that for twelve months, because that's
• 38:47
  Speaker 1: what makes you comfortable, Like, that's what makes you comfortable.
• 38:50
  Speaker 1: Like we're not saying go and start throwing that five
• 38:53
  Speaker 1: hundred bucks a month. And that's just a really good example.
• 38:56
  Speaker 1: It's about understanding it. And the best investment you can
• 38:59
  Speaker 1: make today is actually in your own education. And sometimes
• 39:02
  Speaker 1: again not to stereotype, sometimes as women we get analysis
• 39:08
  Speaker 1: paralysis and we think we need to know absolutely every
• 39:11
  Speaker 1: single thing about a topic before we dive into actually
• 39:14
  Speaker 1: doing that. And I find that the Shoes on the
• 39:16
  Speaker 1: money community is very similar. They're like, oh, I just
• 39:18
  Speaker 1: don't know enough about investing yet. I'm like, well, why
• 39:21
  Speaker 1: don't we put five dollars into your financial literacy, put
• 39:24
  Speaker 1: it on an investing platform, and you follow the markets
• 39:27
  Speaker 1: instead of just reading about it. So I think it's
• 39:29
  Speaker 1: about really contextualizing what that means for you and knowing
• 39:33
  Speaker 1: that it doesn't have to be your life savings. It
• 39:36
  Speaker 1: can start small. It can be a small decision and
• 39:39
  Speaker 1: a small step in the right direction. I hope that amazing.
• 39:42
  Speaker 7: Thank you.
• 39:45
  Speaker 1: That is all we have time for, is it well? Audience,
• 39:49
  Speaker 1: thank you for putting up with that, because usually Thursday
• 39:52
  Speaker 1: afternoons are us actually recording the podcast. And the compromise
• 39:55
  Speaker 1: was we want a party, we have to do work
• 39:57
  Speaker 1: at the party. So thank you for coming. The pause
• 40:00
  Speaker 1: for Jessica and Georgia, thank you, my loves. It wouldn't
• 40:09
  Speaker 1: be a She's on the Money podcast if we didn't
• 40:12
  Speaker 1: make Georgia King read out my IFSL statement. So let's
• 40:15
  Speaker 1: make her do it live and see if she marks
• 40:17
  Speaker 1: up the numbers. Georgia King, take it away. Let's do it.
• 40:20
  Speaker 3: Brace yourself, guys, so sorry, alrighty. The advice shared on
• 40:23
  Speaker 3: She's on the Money is general in nature and does
• 40:26
  Speaker 3: not consider your individual circumstances.
• 40:28
  Speaker 4: She's on the Money.
• 40:29
  Speaker 3: Exists purely for educational purposes and should not be relied
• 40:33
  Speaker 3: upon to make an investment or a financial decision. And
• 40:36
  Speaker 3: we promise Victoria Divine and She's on the Money are
• 40:39
  Speaker 3: authorized representatives of Infocused Securities Australia Proprietary Limited ABN four
• 40:44
  Speaker 3: seven zero nine seven seven nine seven zero four nine
• 40:47
  Speaker 3: AFO SL two three six five two.
• 40:49
  Speaker 1: Three Were you were you practicing that in the mirror.
• 40:55
  Speaker 1: I don't know if you're well. We will see you
• 40:57
  Speaker 1: guys all on Monday.
• 40:59
  Speaker 4: Bye bye