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Why You Should Always Negotiate · She's On The Money

0:00
Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yor
0:04
Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before
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Speaker 1: we get started on She's on the Money podcast, I
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Speaker 1: would like to acknowledge the traditional custodians of the land
0:14
Speaker 1: of which this podcast is recorded on a wondery country,
0:18
Speaker 1: acknowledging the elders, the ancestors and the next generation coming
0:22
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
0:27
Speaker 1: and the storytelling of you to make a difference for
0:30
Speaker 1: today 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 2: Hello, and welcome to She's on the Money, the podcast
1:00
Speaker 2: that makes personal finance fun, especially on Fridays. It's actually
1:04
Speaker 2: our favorite day of the week because we get our
1:07
Speaker 2: little team together. It's a little bit smaller than usual,
1:09
Speaker 2: but we get our little team together and celebrate you
1:12
Speaker 2: our incredible She's on the Money community today, mister Scricci.
1:16
Speaker 2: She's actually off sick, so I'm going to be sharing
1:18
Speaker 2: her money. Wins Beck. You're here though, I am, yeah,
1:21
Speaker 2: which is very lucky because I don't want to do
1:23
Speaker 2: a solo Friday episode, it'll be so lonely, but you're
1:27
Speaker 2: going to be sharing your brogue tips and we're going
1:29
Speaker 2: to be helping to answer a money dilemma, which this
1:31
Speaker 2: week is all about whether you should uproot your life
1:34
Speaker 2: for a fifty thousand dollars bonus and your partner won't
1:38
Speaker 2: budge on it and something that you slid into our
1:41
Speaker 2: dms about this week, we're talking about a ten thousand
1:43
Speaker 2: dollar payout that's on the table. Is that enough or
1:47
Speaker 2: should she be fighting for more?
1:48
Speaker 4: Those sounds so both of them sound juicy.
1:51
Speaker 2: I feel like the second one sounds really juicy because
1:53
Speaker 2: we need to know why there's ten thousand, what's going
1:57
Speaker 2: on there? But also like fifty thousand bonus hmmm, I
2:01
Speaker 2: think I would.
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Speaker 4: Honestly, I don't even know what it is.
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Speaker 2: But what if your partner was like, absolutely not. Well,
2:08
Speaker 2: we're going to get into it later. Okay, we're going
2:09
Speaker 2: to get into it later, but before we get there, Beck,
2:12
Speaker 2: this has become my favorite ego stroking session. Yes, ever, yes,
2:18
Speaker 2: we're going to read out another five star review of
2:21
Speaker 2: the show, and like we've had a few coming in
2:24
Speaker 2: and I love it. If you haven't left a review
2:26
Speaker 2: of the show. It really does help us, it does.
2:28
Speaker 2: It helps to put the podcast in people's vision.
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Speaker 5: Right.
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Speaker 2: So we want to grow our community. We want more
2:34
Speaker 2: Shees on the Money friends, and this is a really
2:36
Speaker 2: good way of doing that. But be what is the
2:38
Speaker 2: five star review that you are going to read out
2:40
Speaker 2: this week?
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Speaker 4: Okay? I do have to say looking for these and
2:44
Speaker 4: trying to dodge the really mean ones, Oh my.
2:46
Speaker 2: Gosh, why are people so nasty? Though? It is so true.
2:51
Speaker 2: I'm sorry that my voice is annoying, but it's actually
2:54
Speaker 2: something I can't change. Yes, well, let's speak like this true.
2:59
Speaker 4: I can get you on some soosterone.
3:00
Speaker 2: Thank you, thank you. That would be very kind, very generous,
3:04
Speaker 2: very not aligned to my values at this point in life. Sure,
3:07
Speaker 2: should they change, I'll hit you up easy? Okay, great?
3:10
Speaker 2: You what today?
3:12
Speaker 4: I've got one from KB who says listening and putting
3:14
Speaker 4: good habits in place makes me feel so adulty as
3:17
Speaker 4: I should at thirty two years old. Love this, potty.
3:19
Speaker 2: I love that I'm thirty three and I don't feel
3:22
Speaker 2: like an adult.
3:23
Speaker 4: No same, I'm thirty two.
3:24
Speaker 2: I'm just a teenage mum. Like that's me. I'm just
3:27
Speaker 2: a teenager. Really, are. I just don't know how life
3:30
Speaker 2: is happening to me like this, Like it all just
3:32
Speaker 2: happened like wild.
3:33
Speaker 4: You know, the age just keeps on growing. But it's
3:35
Speaker 4: like I don't think mentally I've changed adult. No.
3:38
Speaker 2: Also, at what point do we feel like adults? Do
3:41
Speaker 2: you remember when you were like young and you'd see
3:43
Speaker 2: your parents, you'd be like very serious adults?
3:45
Speaker 1: All wow, wow?
3:47
Speaker 2: Am I that serious adult? Now? I don't know, because
3:51
Speaker 2: like I see other adults at the supermarket and I'm like,
3:53
Speaker 2: way too missure for me.
3:54
Speaker 4: Yeah, like those are adults exactly. I just think you
3:58
Speaker 4: either got it you don't.
4:00
Speaker 2: I don't. We don't got it, got it? We don't
4:02
Speaker 2: got it? Like physical age thirty three, mental age three yeah, yeah, yeah, yeah.
4:09
Speaker 2: I have one and I've purposely picked it because it's
4:11
Speaker 2: about Tasmania, OK, and That's where I'm from. So she said.
4:15
Speaker 2: I've loved She's on the Money since I first came
4:17
Speaker 2: across it, and I have all of the books and
4:19
Speaker 2: I'm working my way through the podcasts and masterclass. The
4:22
Speaker 2: absolute girl power that emanates from Victoria and the She's
4:25
Speaker 2: on the Money crew is so empowering. Finance doesn't have
4:28
Speaker 2: to be something for the Wall Street bros. And I
4:30
Speaker 2: now already feel so much more empowered to take control
4:33
Speaker 2: of my future in the two issues of interacting with
4:36
Speaker 2: She's on the money, I've transformed things already. I have
4:39
Speaker 2: an emergency fund, I've been bucketing my finances, I have
4:42
Speaker 2: a clear budget, and I am learning to invest. And
4:45
Speaker 2: then I found out V is a tazzy girl. We know, literacy,
4:49
Speaker 2: whether it's medical, educational, or financial, is sadly very poor
4:53
Speaker 2: in Tasmania. So I just love to see a tazzy
4:56
Speaker 2: girl giving back. That is Isn't that so cute.
4:59
Speaker 4: Comprehensive, That is so good?
5:01
Speaker 2: I love it. No, finance isn't for the Wall Strep bros.
5:04
Speaker 4: Totally.
5:05
Speaker 2: I visited Wall Street kind of boring TVH was it? Yeah,
5:09
Speaker 2: there was like a ball statue. I did get a
5:11
Speaker 2: picture with that because if you know, you know what statue,
5:14
Speaker 2: it's there's like a bull the wall, Like it's a
5:16
Speaker 2: big bull like bronze statue. Yeah, we did a whole
5:19
Speaker 2: series on it. Turns out it costs like hundreds of
5:21
Speaker 2: thousands of dollars. I said, of course it did. But
5:24
Speaker 2: there's literally not one thing that's interesting about being a
5:26
Speaker 2: wall streep.
5:27
Speaker 4: Bro I see. Were they like papers flying and like
5:29
Speaker 4: phone ringing?
5:30
Speaker 2: No, they were just really mediocre, middle aged white men
5:33
Speaker 2: walking around, just like going to work and stuff.
5:36
Speaker 4: I see.
5:36
Speaker 2: It's also a pret It was like, is that oh
5:38
Speaker 2: my gosh, Prett in the US and the UK incredible.
5:42
Speaker 2: It's like all of the good things from seven to eleven,
5:45
Speaker 2: like all of the food, all of the sandwiches, all
5:47
Speaker 2: of the drinks. But it's just a shop for snacks Prett. Yeah,
5:50
Speaker 2: and they do get these coffee subscriptions, so beck you
5:53
Speaker 2: could have a coffee subscription and get as many coffees
5:56
Speaker 2: as you wanted in a month. I think that's that figure.
5:59
Speaker 2: That's a good deal.
5:59
Speaker 4: That is a good deal. It depends on much it is.
6:01
Speaker 2: It's really reasonable. I can't remember the price, but like
6:04
Speaker 2: let's say it was like sixty bucks for the month
6:05
Speaker 2: or something. That's like it's real, hinged good.
6:08
Speaker 4: Yeah, that's real.
6:09
Speaker 2: Because I did the mask and I was like I
6:10
Speaker 2: would fly through that. I would fly through that anyway.
6:14
Speaker 2: Advantage anyway, let's jump in miss Jessica Ricci. She's away
6:18
Speaker 2: this week. She's under the weather, so we kind of
6:21
Speaker 2: banned her from the studio, we said, we don't want
6:23
Speaker 2: you here if you're under the weather. We want you
6:25
Speaker 2: to stay in bed. So I went ahead and picked
6:28
Speaker 2: my favorite money wins from the community instead. So first
6:32
Speaker 2: one up is from our friend Amanda. She said, when
6:35
Speaker 2: the supermarket mislabels a product as twenty two for sixteen
6:39
Speaker 2: dollars instead of two for sixteen dollars, and you clear
6:43
Speaker 2: out their stock and make them honor the ticket price
6:45
Speaker 2: or two hundred bucks saved.
6:48
Speaker 4: Oh my god, that's hechtic.
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Speaker 2: That actually makes me laugh so much because it's obviously
6:53
Speaker 2: an error. But she's like, you know what, the supermarket
6:57
Speaker 2: has made literal billions this year. I think you can
6:59
Speaker 2: take this hit.
7:01
Speaker 4: Yeah, that's true actually, And two hundred and.
7:03
Speaker 2: Forty five people from our community liked that post.
7:06
Speaker 4: Amazing.
7:06
Speaker 2: And those are the these are the I don't know
7:08
Speaker 2: what these are. Do you know what these are?
7:09
Speaker 1: Yes?
7:10
Speaker 2: Of course, Oh my god.
7:11
Speaker 4: I'm constantly perpetually in the protein aisle. And those look
7:14
Speaker 4: like those little they're very expensive. There's little balls.
7:17
Speaker 2: Yeah, that was very expensive. So they look like protein balls.
7:20
Speaker 2: It says four protein and probiotic field balls any two
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Speaker 2: for sixteen dollars. But the spelling Mistakes has twenty two
7:28
Speaker 2: for sixteen dollars.
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Speaker 4: That is an incredible that's a good deal money.
7:33
Speaker 2: She could have got more, but at the end of
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Speaker 2: the day, she just cleared them all out. She took
7:37
Speaker 2: what she couldn't She ran, Oh, isn't that iconic?
7:40
Speaker 4: That's great?
7:41
Speaker 2: Okay, So next one. I don't know if you guys
7:43
Speaker 2: have been following along, but this week I have been
7:46
Speaker 2: on an epic rant about multi level marketing companies. Yes,
7:50
Speaker 2: how predatory and deceptive they are. How I want to
7:53
Speaker 2: make sure that people in our community are protected but
7:55
Speaker 2: educated about them, because I'm all about you making the
7:57
Speaker 2: right decision for you. But I get so frustrated when
8:01
Speaker 2: I see women putting themselves out in a position where Becky,
8:05
Speaker 2: you know how hard it is to make content. You
8:07
Speaker 2: work in content, To get in front of a camera
8:09
Speaker 2: and post on Instagram about a product, about a service,
8:12
Speaker 2: about your business is hard work. These women are doing
8:16
Speaker 2: this but putting themselves behind long term, so it actually
8:20
Speaker 2: kills me. But this week Holly's money Win. She says,
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Speaker 2: money Win didn't join a multi level marketing as a
8:28
Speaker 2: new mum looking for side hustles. Good you know, you
8:31
Speaker 2: know yeah, and I laughed so hard, like, Holly, you're
8:35
Speaker 2: a real one. I have a money win from Sophie.
8:38
Speaker 2: She said, I bought my wedding alcohol from Dan Murphy's
8:41
Speaker 2: and everything that was unopened and not refrigerated can be returned,
8:45
Speaker 2: So we have eight hundred bucks back in our pockets.
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Speaker 4: Oh that is great, so smart eight hundred bucks.
8:52
Speaker 2: I know, and like, you wouldn't have got a refund
8:54
Speaker 2: for that otherwise.
8:55
Speaker 4: Yeah, totally.
8:55
Speaker 2: Wedding venues aren't going to cough that up for you
8:58
Speaker 2: if you didn't drink them out of house and home.
9:00
Speaker 4: Absolutely, that is so good. And to have that in
9:02
Speaker 4: the back of your mind, like, oh, I'm going to
9:03
Speaker 4: purposely not refrigerate these and.
9:05
Speaker 2: Yeah, one hundred percent. But also making sure that you
9:08
Speaker 2: know that you know, you didn't get to the venue
9:11
Speaker 2: and the bar stuff just opened to every slab and
9:13
Speaker 2: put it in an ice pocket or something so small.
9:16
Speaker 4: That is clever. It's very clever.
9:17
Speaker 2: I have another one from Gabrielle, which is really I
9:21
Speaker 2: have another one from Gabrielle, which for me is really
9:24
Speaker 2: relevant because if you followed me on social media, you
9:27
Speaker 2: know I am meant to be renovating my front garden
9:30
Speaker 2: at the moment, Peck and my husband and I'm not
9:32
Speaker 2: paying for demo. It's not happening, SUI Like, I feel
9:36
Speaker 2: like you can't mess up demo that bad.
9:38
Speaker 4: Like demo would be fun.
9:39
Speaker 2: It is fun, but also like once you've knocked down
9:41
Speaker 2: the fun things, like you then have to like weep
9:44
Speaker 2: the whole garden and pull out bricks and stuff. But
9:46
Speaker 2: it's fine because it's free. Beck, but my landscaping quote
9:50
Speaker 2: came back at a significantly higher amount. So I've actually
9:53
Speaker 2: just parked it and been like, absolutely not. I will
9:55
Speaker 2: revisit that when I have the mental capacity. So currently
9:58
Speaker 2: my front yard looks barren. You know when you like
10:02
Speaker 2: get halfway through a project and then you're.
10:03
Speaker 4: Like, we actually don't want to do this anymore.
10:06
Speaker 2: Yeah, But like I didn't want to do it because Beck,
10:08
Speaker 2: the quote was astronomical. It turns out Gabrielle's having the
10:11
Speaker 2: same thing. She said, we got quoted for landscaping forty
10:15
Speaker 2: one thousand dollars two our yard excavated top soil and grass.
10:19
Speaker 2: Went ahead and got another quote which was thirty eight
10:22
Speaker 2: thousand dollars. But then I went to the local nursery
10:25
Speaker 2: and got prices for the materials to do it ourselves
10:28
Speaker 2: much cheaper, and found a local business that will excavate,
10:32
Speaker 2: supply and lay all of the top soil for only
10:35
Speaker 2: five grand. Oh great. We ordered the grass from a
10:38
Speaker 2: turf company which will be five and a half grand,
10:40
Speaker 2: which will lay ourselves. So instead of spending thirty eight
10:43
Speaker 2: to forty one thousand dollars, it's costing US ten and
10:45
Speaker 2: a half grand. Oh perfect, isn't that good?
10:48
Speaker 1: Yeah?
10:48
Speaker 2: I actually need to hit you up, Gabrielle, because I
10:51
Speaker 2: currently am in that situation. They're oh my gosh, the audacity.
10:55
Speaker 4: Oh that's wild, but so expensive, Like it's exercise, it's
11:00
Speaker 4: getting on the sud and I'm.
11:01
Speaker 2: Happy to do it ourselves. But at the same time,
11:04
Speaker 2: it's this, as you know, I'm a finance girlie. It's
11:07
Speaker 2: the balance between understanding property value then not over capitalizing
11:11
Speaker 2: on a property that you've purchased, because you know, let's
11:14
Speaker 2: say that the quote that I got was fifty thousand
11:16
Speaker 2: dollars to have my front yard done, which is about
11:18
Speaker 2: what it was. Actually, Am I making a smart money
11:22
Speaker 2: decision by investing fifty thousand dollars in doing up the
11:25
Speaker 2: front yard? Like would it actually add value to our property,
11:28
Speaker 2: or would just tidying it up and you know, painting
11:30
Speaker 2: the front of the house and planting some new plants
11:32
Speaker 2: that we do ourselves basically add the same value. Yeah,
11:36
Speaker 2: So you've got to balance it. And I feel like
11:38
Speaker 2: so many times, especially as a property owner, you get
11:41
Speaker 2: so excited about like, oh my gosh, I'm going to
11:43
Speaker 2: do this and this, that you forget to look at
11:45
Speaker 2: what the value of the property is and what value
11:48
Speaker 2: you're adding to make sure that it stays a good investment. Yeah,
11:51
Speaker 2: because it's so easy to just spiral and go, oh
11:53
Speaker 2: my gosh, no, I really want to put in fancy
11:54
Speaker 2: kitchen or I really want a new bathroom, But you
11:57
Speaker 2: need to zoom out a little bit and look at
11:59
Speaker 2: the market and go, Okay, well if I put in
12:01
Speaker 2: a new bathroom and the intention is to lease out
12:03
Speaker 2: this house, how much additional value am I going to
12:05
Speaker 2: get from this?
12:06
Speaker 4: Incredible?
12:07
Speaker 2: Very hard anyway, moving one, queen mate, it's all I
12:11
Speaker 2: think about and breathe. I actually, no, that's not true.
12:14
Speaker 2: All I think about nowadays is multi level marketing. I
12:17
Speaker 2: have another money in from Janine, she said with the
12:21
Speaker 2: CBA glitch recently, I decided to check all of my
12:23
Speaker 2: accounts that I don't use and I haven't closed yet.
12:26
Speaker 2: I found two hundred and ninety six dollars in my
12:29
Speaker 2: ing account from AHM give backs and Sentling CSS payouts
12:34
Speaker 2: that I'd paid more than I should have. I guess incredible.
12:37
Speaker 2: It was like the equivalent of finding fifty bucks in
12:40
Speaker 2: a random pair of pants for me.
12:41
Speaker 4: God that feels.
12:42
Speaker 2: It also reminded me to change my bank account. It
12:45
Speaker 2: also reminded me I have to change my bank account
12:47
Speaker 2: for my health insurance and my Centralink payments. Oh perfect,
12:50
Speaker 2: I love this, But also two hundred and eighty six bucks. Yeah, girl,
12:54
Speaker 2: that's some groceries and a few nice drinks.
12:56
Speaker 4: Like God, yeah, that'll save you.
12:58
Speaker 2: I love that all right. I have one more. This
13:00
Speaker 2: is a fun one. This is from Ebony. She said.
13:03
Speaker 2: I've been eyeing off Devotion by Dolsha Anger Barner, but
13:06
Speaker 2: held out because of how pricey the perfume was. I
13:10
Speaker 2: looked it up again the other day because I noticed
13:12
Speaker 2: my current perfume was running out. Turns out that the
13:14
Speaker 2: one hundred mil bottle was on sale for half price
13:17
Speaker 2: at price Line and chemist Warehouse, but still full price
13:20
Speaker 2: at my own David Jones. So babies run, don't walk.
13:24
Speaker 4: Yeah, yeah, that's great.
13:26
Speaker 2: Like you, isn't that cute? Also, I'm not buying it
13:30
Speaker 2: full price. No, don't buy anything for people per full price. Actually,
13:35
Speaker 2: I feel like it's illegal.
13:36
Speaker 4: It should be illegal, Yes, it should be illegal. Yeah,
13:39
Speaker 4: I mean I feel like that kind of stuff always
13:41
Speaker 4: is on sales. Somewhere somewhere, you're find.
13:42
Speaker 2: Somewhere somehow you're going to get a money wally need
13:45
Speaker 2: to look for it.
13:46
Speaker 4: Aham actually gave me cash back. I don't know that's
13:48
Speaker 4: what give deal. I really don't know why. I just
13:50
Speaker 4: got one hundred bucks randomly. And I'm not asking questions but.
13:53
Speaker 2: No, no questions, only answers. Thank you for your money,
13:55
Speaker 2: than you for your money on exactly. That's a good
13:58
Speaker 2: broake tip. Check your actual bank account.
14:00
Speaker 4: Yeah, that's very true.
14:01
Speaker 2: I should not be giving the broke tips because that
14:03
Speaker 2: was a terrible one. Bet you have some good broke
14:06
Speaker 2: tips for us.
14:06
Speaker 4: This way I do I do good is subjective, but
14:09
Speaker 4: hopefully these are.
14:10
Speaker 2: You know what it is. It's subjective. But at the
14:11
Speaker 2: end of the day, I just think everything you do
14:13
Speaker 2: is good, So turn out tell you.
14:14
Speaker 4: That's so sweet to our listeners think the same. Okay,
14:17
Speaker 4: this first one comes from a Lissa who gave me
14:19
Speaker 4: really good broke tips. So this is more for like,
14:21
Speaker 4: if you want to go for like an outing, or
14:23
Speaker 4: you want to take someone out for their birthday, but
14:25
Speaker 4: you don't want to spend any money. I don't know
14:27
Speaker 4: if you remember. I mean when I say remember, this
14:30
Speaker 4: is ongoing. This has been a thing back of the
14:32
Speaker 4: day and still today. But if you go to a
14:35
Speaker 4: show with a live audience and you get someone a ticket,
14:38
Speaker 4: yourself and your friend a ticket, it's usually free. Usually really,
14:43
Speaker 4: if you're going to like a live show, and I
14:45
Speaker 4: think it's good for both parties for free.
14:47
Speaker 2: Is that what you mean?
14:49
Speaker 4: You could ask, You could ask, but I'm thinking more
14:51
Speaker 4: like the project or you know what I mean.
14:55
Speaker 2: You know how mad I am. This is niche content.
14:59
Speaker 2: But I applied to be in the audience for thank
15:01
Speaker 2: God You're Here. Oh that would be good. It was
15:03
Speaker 2: like twelve months ago. Gabby and I. So, Gabby's my
15:06
Speaker 2: old ea. She and I, well, let's go. We really
15:10
Speaker 2: want to be in the audience for thank God You're Here. Like,
15:12
Speaker 2: I can't think of a better show to get an
15:14
Speaker 2: audience for We Got It. I was on holiday at
15:17
Speaker 2: the time. Oh no, they wouldn't let Gabby transfer tickets.
15:21
Speaker 2: Oh I see, so she went by herself. She's like,
15:23
Speaker 2: night of my life. It would be so much fun.
15:26
Speaker 2: And God, you're here though, that.
15:27
Speaker 4: Would be a great one to see likely but that's
15:30
Speaker 4: a good thing.
15:30
Speaker 2: Sign up for all of those and you can go
15:33
Speaker 2: to the show for free, for free, and.
15:35
Speaker 4: It's such a fun night out. And if you want to,
15:38
Speaker 4: you know, get make food at home, or you want
15:40
Speaker 4: to go to seven to eleven, grab yourself a really
15:41
Speaker 4: cheap sushi. You don't have to spend that much money
15:44
Speaker 4: to have. Honestly, one of the best nights ever.
15:46
Speaker 2: Also, it's coming into summer, so low key picnic dates
15:50
Speaker 2: are back.
15:51
Speaker 4: Picnic dates are back, exactly back.
15:53
Speaker 2: My mother's group has been doing that a lot, so
15:55
Speaker 2: that's very cute. I have a day off a week
15:57
Speaker 2: to hang out with Harvey, and it happens be on
16:00
Speaker 2: the day that Mother's group happens, which is very very lucky.
16:03
Speaker 2: But we've been just taking some picnic blankets to the park,
16:06
Speaker 2: packing a few snacks in our bags, and just hanging
16:09
Speaker 2: out in the park for a couple of hours. It
16:10
Speaker 2: is elite.
16:11
Speaker 4: It's very cute, so wholesome. And I always say, when
16:14
Speaker 4: you're in the elements, you're a little bit sillier, and
16:17
Speaker 4: you have.
16:18
Speaker 2: A little bit silly when you have.
16:19
Speaker 4: A fire, when you're sitting on the grass, when you're
16:21
Speaker 4: in the wind, in the water, silly and fun.
16:24
Speaker 2: Kids for some reason are just happier outside, absolutely mad
16:30
Speaker 2: outside who love it exactly exactly. What else have you got?
16:33
Speaker 4: This is one that my friend told me about. And
16:36
Speaker 4: on Reddit, there is a subreddit I think that's what
16:39
Speaker 4: you call it. It's called yeah Ossie frugal and in
16:44
Speaker 4: Ossie Frugal and I can give you the link to
16:46
Speaker 4: this as a thread that it's updated fortnightly food box
16:50
Speaker 4: slash mill kit referral thread in the genius Yeah, and
16:55
Speaker 4: so you can. But I did have a little squizz.
16:57
Speaker 4: It's not just food kits, it's there was other things
17:00
Speaker 4: like coupon's and all this kind of stuff.
17:02
Speaker 2: So being involved in the community like.
17:04
Speaker 4: That, yeah, yeah, And it's like it's pinned, so if
17:06
Speaker 4: you if you search Aussie frugal reddit, it'll be at
17:09
Speaker 4: the top of it should be at the top. They're
17:11
Speaker 4: all close to the top. And yeah, just go in
17:14
Speaker 4: there and see if you can find like any kind
17:16
Speaker 4: of food box or whatever whatever you've got. Yeah, it
17:19
Speaker 4: was really fine. I almost just spent like hours on
17:22
Speaker 4: the scening night and meant to be working.
17:23
Speaker 2: That's okay. It was research.
17:24
Speaker 4: It was research.
17:25
Speaker 2: It was research, was research for your business.
17:27
Speaker 4: It was really really cool.
17:28
Speaker 2: Like how I've been going down rabbit holes on TikTok
17:31
Speaker 2: watching m LM videos. It's for work hours, for work exactly.
17:37
Speaker 4: Help you're doing overtime and we appreciate you for it.
17:40
Speaker 2: Thank you, thank you. I do go above and beyond.
17:42
Speaker 2: I can't wait to give you the next update about that.
17:45
Speaker 2: But Beck, what's your breake tip?
17:47
Speaker 4: Okay, so my one. I'm not sure if I might
17:49
Speaker 4: have mentioned already, but it was just as my partner's birthday,
17:52
Speaker 4: just on the weekend.
17:53
Speaker 2: I did see that. I was very cute. Your posts
17:55
Speaker 2: on Instagram were very wholesome. Thank you much, very couplely.
17:59
Speaker 4: I was like a couple of oh my god, it's
18:01
Speaker 4: really getting real. I mean, you know, it is real.
18:04
Speaker 4: We went to Dalesford and I am I just don't
18:07
Speaker 4: really say capital.
18:08
Speaker 2: It is the capital capital that makes sense, that makes sense.
18:11
Speaker 4: Rainbow flags everywhere, and we just felt so like we
18:14
Speaker 4: wanted to go somewherehere we could hold hands up being
18:15
Speaker 4: like yelled at or something. I don't know, I'm just
18:17
Speaker 4: really scared of that.
18:17
Speaker 2: So is that a thing still?
18:19
Speaker 4: Every now and then it's like someone will maybe say
18:22
Speaker 4: something under their breath, or people will just stare or something.
18:23
Speaker 4: It's just very like I think I'm more conscious of.
18:26
Speaker 2: It then I'm so angry for you.
18:27
Speaker 4: Thank you so much. I'm just like, maybe I'm just
18:29
Speaker 4: hyper aware of it. I mean, it's not even the
18:31
Speaker 4: fact that.
18:32
Speaker 2: You have to be hyper aware of the person that
18:34
Speaker 2: you're holding hands like.
18:35
Speaker 5: What I know.
18:36
Speaker 4: I know it's it is like it's probably not as
18:38
Speaker 4: big anymore, but it's like it's still every now and
18:41
Speaker 4: then you'll you'll it just feel like comfortable. But anyway, Dalesford,
18:43
Speaker 4: I'm sorry, that's real shit. Thank you so much. It's talking.
18:47
Speaker 4: Dalesford was lovely though, like, of course, I'm so so
18:50
Speaker 4: at home there. Did you go for a walk around
18:51
Speaker 4: the lake? I've been hearing about this lake. I never
18:54
Speaker 4: saw any lake.
18:56
Speaker 2: That's like a free activity. That lake is stunning.
19:00
Speaker 4: Okay, that's good to know.
19:01
Speaker 2: What's your actual broak.
19:02
Speaker 4: I need to go to Leven Duela. It's really beautiful.
19:04
Speaker 2: Way, it's beautiful too.
19:06
Speaker 4: I bought Jess's birthday gifts too early in advance and
19:09
Speaker 4: have no self control, so it gave them to her before.
19:13
Speaker 2: And so I was like, how do I do this?
19:14
Speaker 2: I thought I was genius. I bought Harvey's Christmas present
19:17
Speaker 2: here that we're.
19:18
Speaker 4: Going to have exactly exactly. That's another broke tip by
19:21
Speaker 4: the present right before the last minute, because I just
19:26
Speaker 4: there's no way anyone has that I can't. And so
19:30
Speaker 4: I was like, Okay, how do I do this cheaply?
19:32
Speaker 4: So I just bought calistic scissors and I feel like
19:35
Speaker 4: I always talk about being crafty, but I bought some
19:38
Speaker 4: paper as well, and I think all that cost me
19:40
Speaker 4: three dollars. I made a handmade box. Inside were little
19:44
Speaker 4: like love hearts that it turned into envelopes, and in
19:47
Speaker 4: there were just like a bunch of little letters or
19:49
Speaker 4: like all the things I love about you, and that
19:51
Speaker 4: in itself is like a perfect gift.
19:54
Speaker 2: And it was yes, yeah, Like I have a beautiful
19:58
Speaker 2: husband that I'm very great for. He would never, oh,
20:02
Speaker 2: he would never.
20:04
Speaker 4: I will.
20:07
Speaker 2: Honestly straight, it's not a choice back.
20:10
Speaker 4: I'm starting to see this.
20:12
Speaker 2: Yeah, it's not.
20:14
Speaker 4: Well for if he is listening, and if he's not,
20:18
Speaker 4: well that's a shade. But tell him if you have
20:20
Speaker 4: everyone's out of money or just doesn't want to spend
20:22
Speaker 4: that much on you.
20:26
Speaker 2: Actually would prefer a gift like that and then like
20:28
Speaker 2: a super expensive one like to me, the idea that
20:31
Speaker 2: someone wrote all the things that they love about me
20:34
Speaker 2: on Little Love be for real. That's so cute and wholesome.
20:40
Speaker 4: And honestly, the reason why it's a breake tip is
20:42
Speaker 4: because it literally costs me like three dollars.
20:44
Speaker 2: Maybe may probably do it with stuff around your house.
20:47
Speaker 4: Absolutely, like magazines or whatever, whatever crafty stuff you've got
20:50
Speaker 4: around your house. It doesn't even have that have to
20:53
Speaker 4: cost anything.
20:53
Speaker 2: Really, you could see a print of paper from work,
20:56
Speaker 2: printed paper from.
20:56
Speaker 4: Work exactly they go. So that is my brain.
21:00
Speaker 2: That's a really sweet get tifty.
21:02
Speaker 4: I love it. Thank you so much.
21:03
Speaker 2: All right, let's go to a really quick break because
21:05
Speaker 2: as much as I love hearing about your love life,
21:07
Speaker 2: I really want to hear about your thoughts about what
21:09
Speaker 2: you would do if offered a fifty thousand dollar bonus
21:13
Speaker 2: and your partner wasn't on board with moving because of it.
21:15
Speaker 2: And I also want to talk about the DM that
21:17
Speaker 2: we got this week, which is about a ten thousand
21:20
Speaker 2: dollar payout that's on the table, but we don't know
21:22
Speaker 2: if it's enough or if she should be fighting for
21:24
Speaker 2: more because we don't have enough context yet, So let's
21:27
Speaker 2: talk about it on the flip side.
21:28
Speaker 4: Okay, welcome back everyone. Here's our money dilemma.
21:36
Speaker 2: Hi, there, have you got a money dilemma you just
21:39
Speaker 2: can't solve that. She's on the Money Team is here
21:41
Speaker 2: to help. Every week we tackle your dilemmas, both big
21:45
Speaker 2: and small, to answer your most burning money, career and
21:47
Speaker 2: life questions. To get involved, simply head to our website
21:51
Speaker 2: and leave us a short voice recording and you might
21:53
Speaker 2: just find yourself on the show. Now, let's take a
21:55
Speaker 2: listen to this week's money dilemma.
22:00
Speaker 5: The money. So my money a limit is I have
22:03
Speaker 5: been with my partner for four years. We aren't married,
22:05
Speaker 5: we don't own a house, we're not financially set up,
22:09
Speaker 5: and I got offered an amazing opportunity with my job.
22:12
Speaker 5: So with that I would get paid fifty thousand dollars
22:16
Speaker 5: tax free if I relocate out rural and work there
22:20
Speaker 5: for the year. When I spoke to my partner about it,
22:23
Speaker 5: he was quite negative, said he wasn't prepared to move
22:28
Speaker 5: because he will have to find a new job. He
22:30
Speaker 5: doesn't want to sacrifice his life here. So it puts
22:34
Speaker 5: me in a tricky situation. Yeah, what do you think
22:37
Speaker 5: I should do?
22:37
Speaker 2: What do you reckon?
22:38
Speaker 4: Back? It is a tricky one because I can understand
22:40
Speaker 4: not wanting to move, not wanting to give up your
22:42
Speaker 4: lifestyle and stuff. It is just for a year, but
22:44
Speaker 4: it still feels like a big amount of time, a
22:48
Speaker 4: long time to spend away from family and friends in
22:50
Speaker 4: your life. But I guess the risk is that, like,
22:52
Speaker 4: if your partner can't find a job, then that fifty
22:55
Speaker 4: k you must go towards supporting you both, you know
22:59
Speaker 4: what I mean. So I'm like, if your partner, you
23:03
Speaker 4: know what, I know, it's crazy. But if it were
23:07
Speaker 4: my situation, I would suggest long distance for the year,
23:12
Speaker 4: but every month visit each other, or do like two
23:16
Speaker 4: weeks and two weeks here. It depends on the working situation.
23:18
Speaker 4: If the partner can do work from home, then you
23:20
Speaker 4: could conceivably, if it's not too expensive, just kind of
23:24
Speaker 4: go back and forth for the year until or just
23:28
Speaker 4: do like a month.
23:29
Speaker 2: I don't know. It doesn't have to do.
23:30
Speaker 4: Your partner doesn't have to do the whole year, is
23:32
Speaker 4: what I'm saying. But the risk is there that if
23:35
Speaker 4: your partner moved with you couldn't find a job. There
23:37
Speaker 4: goes at fifty K.
23:39
Speaker 2: You know what I mean in percon and I think
23:41
Speaker 2: that that's what's really important to consider. Yeah, like my advice,
23:47
Speaker 2: you're going to be surprised about this, beeck when in
23:49
Speaker 2: doubt zoom out? Yes, sorry, what are you currently earning?
23:53
Speaker 2: What's your partner currently earning? I think this is probably
23:56
Speaker 2: a bigger question. I don't know. I feel like the
23:59
Speaker 2: way she framed the question was like, we've been together
24:01
Speaker 2: for four years, we're not married. We haven't, you know,
24:04
Speaker 2: financially set ourselves up together. I feel like you're thinking
24:08
Speaker 2: about the bigger picture, and it's probably time to have
24:10
Speaker 2: a conversation with your partner about the bigger picture. Like,
24:13
Speaker 2: let's zoom out, what does the next ten years together
24:16
Speaker 2: look like? Are we planning on staying together? I know
24:18
Speaker 2: that that's a really big discussion, and I'm not going
24:21
Speaker 2: to turn around and be like beg so should I
24:23
Speaker 2: just move? Like are we done? Like that's not the conversation,
24:26
Speaker 2: but like, are we planning on getting married? Fifty thousand
24:29
Speaker 2: dollars tax free is a heap of money if we
24:31
Speaker 2: put that in perspective. If you're on a thirty two
24:33
Speaker 2: and a half percent tax, right, that's a sixty six
24:36
Speaker 2: thousand dollars salary. Yes, So to be able to save
24:39
Speaker 2: one hundred percent of that and have it deposited in
24:41
Speaker 2: your account, you'd need to probably earn way more than that.
24:44
Speaker 2: That's going to take you a number of years to
24:45
Speaker 2: bank up. Like most people don't even have access to
24:49
Speaker 2: five hundred dollars in an emergency. So to me, this
24:52
Speaker 2: could potentially be a life changing amount of money. And
24:55
Speaker 2: if you're in this situation, you're like, well, actually, I'd
24:58
Speaker 2: love to have fifty grand in my bank account and
24:59
Speaker 2: I'm going to go do this job where I'm going
25:02
Speaker 2: to earn a really good income. This could put me
25:04
Speaker 2: significantly ahead. I don't want you to say no to
25:07
Speaker 2: this opportunity. For some dude, that's not going to be
25:10
Speaker 2: your future. If we're being brutally honest, Like I don't
25:14
Speaker 2: mean to be rude about it, but like if you've
25:16
Speaker 2: been together for four years, Like are we staying together
25:18
Speaker 2: or were planning on purchasing property together? Are we planning
25:20
Speaker 2: on you know, getting married At some point you don't
25:23
Speaker 2: have to do any of those things if they're not
25:25
Speaker 2: in your value set, that's fine. But like if it
25:28
Speaker 2: was me and I go back to where my husband
25:30
Speaker 2: and I weren't married and didn't have a house deposit,
25:32
Speaker 2: if you'd put fifty grands on the table and said
25:34
Speaker 2: that you have to work remotely, I kind of would
25:36
Speaker 2: have been like, oh, yeah, okay, Like that is my
25:39
Speaker 2: house deposit, that is my whole wedding paid for, Like
25:42
Speaker 2: do you know what I mean? Like those are life
25:44
Speaker 2: changing amounts of money. Definitely, fifty thousand dollars invested, Like
25:48
Speaker 2: be for real, that's so much. BEG.
25:50
Speaker 4: That's true.
25:51
Speaker 2: So I'm not saying do it, but I do want
25:54
Speaker 2: you to have a bigger discussion because if it is
25:56
Speaker 2: you and him against the world, and you are going
25:58
Speaker 2: to be together forever and that's the plan, but then
26:01
Speaker 2: you know, let's say he earns one hundred and ten
26:03
Speaker 2: thousand dollars a year moving regionally, you lose that income.
26:07
Speaker 2: Maybe it's not worth it for both of you and
26:08
Speaker 2: that's okay, But if the bigger picture is that you're like, oh,
26:12
Speaker 2: we've been together four years and the additional context is
26:16
Speaker 2: we're not married because we don't really want to marry
26:18
Speaker 2: each other. Like, I think you need to have a
26:19
Speaker 2: think about the actual relationship and what that looks like
26:22
Speaker 2: and how that works, because I don't think it's about
26:26
Speaker 2: should my partner our root for fifty grand? Well, not necessarily,
26:30
Speaker 2: but how would that fit? Like, sit down and brainstorm
26:33
Speaker 2: it together. Be like you know, you and I, Beck,
26:35
Speaker 2: we sit down and go, how would fifty thousand dollars
26:38
Speaker 2: change our financial situation? You know, if we were earning this,
26:42
Speaker 2: what would that look like? Okay, fifty grand would impact
26:45
Speaker 2: us like this? Okay, but now, Beck, you might not
26:48
Speaker 2: be able to get work? Is that a good idea? Still? Maybe? Maybe?
26:52
Speaker 1: Not?
26:52
Speaker 2: Like you need to put your thinking caps on because
26:54
Speaker 2: I think at the moment you potentially are a little
26:57
Speaker 2: bit tunnel visioned. Yeah, because fifty grand's on the time,
27:00
Speaker 2: is working remotely a good idea? Maybe you do go,
27:03
Speaker 2: maybe it is the advice that you gave back and
27:05
Speaker 2: you have a long distance relationship. That's not so that
27:09
Speaker 2: you put yourself first, maybe you both decide, Okay, partner,
27:12
Speaker 2: you keep your job, kill it for a year. I'm
27:14
Speaker 2: going to go work remotely for twelve months. Get this
27:16
Speaker 2: fifty grand, and when I get back, we're going to
27:18
Speaker 2: be set. We could buy a house together, Like this
27:20
Speaker 2: is a sacrifice that we are making for our relationship
27:24
Speaker 2: right now. It doesn't feel like you're on the our page. Yeah,
27:28
Speaker 2: does that make sense? Like the way she spoke about
27:29
Speaker 2: it, it was like I want to do this and my
27:31
Speaker 2: partner wants it, Like where's the Wii? If you're going
27:34
Speaker 2: to be in a relationship.
27:36
Speaker 4: That's very true. My other thought is if work is
27:40
Speaker 4: paying for accommodation and moving fees whatever they look like,
27:45
Speaker 4: then it feels a lot bigger for me.
27:47
Speaker 2: How much more could you save? So fifty grand as
27:50
Speaker 2: a cash payment, but how much you've saving dream?
27:52
Speaker 4: Yeah, and if it's if they're not paying for accommodation
27:55
Speaker 4: and things like that, then I'm like, well, if you're
27:57
Speaker 4: both not moving, like are.
27:59
Speaker 2: They giving you this fifty grand because accommodation's few and
28:02
Speaker 2: far between it and you actually.
28:03
Speaker 4: Have to pay a lot for it exactly, Like how
28:05
Speaker 4: much of this is just saving and you could put
28:09
Speaker 4: it toward your future, and how much of it has
28:11
Speaker 4: to go toward paying for your things to be moved
28:14
Speaker 4: and paying for accommodation and paying for food and paying
28:16
Speaker 4: for all this stuff.
28:17
Speaker 2: I think you need to take off the emotions hat
28:19
Speaker 2: and just go pragmatic hat and go okay, cool, What
28:22
Speaker 2: would it mean financially if we both moved? What would
28:25
Speaker 2: it mean financially if I just moved? What would it
28:27
Speaker 2: mean if you know, and just like, workshop the strategies
28:31
Speaker 2: that could be in play and then pick the one
28:34
Speaker 2: that you think is right for you and your situation.
28:36
Speaker 4: Completely agree.
28:36
Speaker 2: Yeah, and it's hard to take the emotion's hat off,
28:38
Speaker 2: I know, because you're like, but I want my partner
28:40
Speaker 2: to want what's best.
28:41
Speaker 4: Yeah.
28:42
Speaker 2: I promise you'll be on the same page if you
28:43
Speaker 2: get a lot of clarity.
28:45
Speaker 4: Yes, great advice.
28:46
Speaker 2: All right, are you ready the juicy one we've all
28:49
Speaker 2: been waiting for. Bet? Are you ready ready? DM? We
28:52
Speaker 2: got this week. Hey, she's on the money, hoping you
28:55
Speaker 2: might be able to help me with my money dilemma.
28:57
Speaker 4: That's, of course we can help you.
28:58
Speaker 2: I was injured in a car accident at the beginning
29:01
Speaker 2: of twenty twenty one, and as a passenger. I'm covered
29:04
Speaker 2: under CTP insurance. I broke some bones in my hand
29:07
Speaker 2: and required surgery and time off work. The insurance company
29:11
Speaker 2: has proposed a payout of ten thousand dollars to set
29:14
Speaker 2: all the claim, but I'm lost. I don't know how
29:17
Speaker 2: to counter this, whether the amount will be enough to
29:20
Speaker 2: cover potential future costs, whether I should seek lawyer's advice
29:24
Speaker 2: as they may end up taking more in fees than
29:27
Speaker 2: the amount I was actually offered, or just accepting the
29:30
Speaker 2: amount of money that they have proposed and just take
29:32
Speaker 2: it as a win. I'm coming up to the three
29:34
Speaker 2: year deadline and it's been something I've been stewing on
29:36
Speaker 2: for a really long time. I would love the community's
29:39
Speaker 2: input on this one. Thank you so much in advance.
29:42
Speaker 4: Hmmm, God, that's a really tricky one. Like what I
29:45
Speaker 4: would do is probably not smart, but admin for me
29:50
Speaker 4: is my worst nightmare. So I would probably be like,
29:53
Speaker 4: oh yeah, I'll take it, or I would maybe inquire
29:57
Speaker 4: just with the insurance company and not get anyone else involved.
30:01
Speaker 4: I would inquire once be like I've done the best.
30:04
Speaker 4: I can take it and run with it. But it depends.
30:08
Speaker 4: Does this I wonder if our listener is currently working
30:11
Speaker 4: and of back in twenty twenty one. Also, I'm really
30:14
Speaker 4: sorry this happened. By the way. Sorry, I've got to
30:15
Speaker 4: mention that first, but this does sound terrible. I'm sorry.
30:18
Speaker 2: So clearly there are long lasting impacts.
30:20
Speaker 1: Yeah.
30:21
Speaker 4: Yeah, so I'm like, I'm if in twenty twenty one
30:24
Speaker 4: you lost a significant amount of work and a significant
30:28
Speaker 4: amount of money due to that, then but you can
30:32
Speaker 4: currently work. Because I'm a little bit mentally on the
30:37
Speaker 4: let me take the easy road, I'd be like, oh,
30:39
Speaker 4: to take it, that's fine. But if it's like if
30:41
Speaker 4: it was something that was still affecting me, I'd be like,
30:44
Speaker 4: let's get some people involved. I don't know, I don't know.
30:46
Speaker 2: This really is tough. Yeah, thoughts, of course I have thought.
30:49
Speaker 2: So first things first, CTP is compulsory third party insurance. Yes,
30:53
Speaker 2: so that is to make sure that you are protected
30:56
Speaker 2: and it in Victoria and New South Wales non negotiable.
30:59
Speaker 2: You have to it. Second to that, what's the worse
31:02
Speaker 2: it could happen? Meck, so zooming out a little bit.
31:06
Speaker 2: I love to do a little zoom out right. Yeah,
31:08
Speaker 2: an insurance company has offered you ten thousand dollars. That
31:12
Speaker 2: means that the insurance company has admitted that you deserve
31:16
Speaker 2: a payout, so they know you deserve a payout. Asking
31:19
Speaker 2: for more is not off the table. We negotiate everything
31:22
Speaker 2: as she's on the money, Like you wouldn't be a
31:24
Speaker 2: money queen if you're not just going I know that
31:27
Speaker 2: there's probably better there, Like everything's up for negotiation. Would
31:31
Speaker 2: I get legal advice, Yes, because I don't believe that
31:34
Speaker 2: the legal advice would outweigh the ten thousand dollars. But
31:37
Speaker 2: also you can inquire on how much legal advice would cost.
31:40
Speaker 2: I think a lot of us get a little bit
31:42
Speaker 2: of analysis paralysis and think that when we call a lawyer,
31:44
Speaker 2: that's going to cost us, you know, fifty million dollars
31:47
Speaker 2: a minute. But you can call the law firm and
31:50
Speaker 2: be like, hey, how much would it cost to get
31:52
Speaker 2: some advice on a settlement payout?
31:55
Speaker 1: Yeah?
31:55
Speaker 2: At the moment, I'm assuming you probably get all your
31:57
Speaker 2: documentation together pretty cleanly and get a short period of
32:02
Speaker 2: consultation where your lawyer might not speak on your behalf
32:05
Speaker 2: but might go yeah, actually, Beck, you probably could get more,
32:08
Speaker 2: or they might provide some insight where they go, actually
32:11
Speaker 2: have seen similar injuries happen, and on average they do
32:14
Speaker 2: pay out ten grand. Okay, no aries, thank you for
32:16
Speaker 2: your time, or they might go I've seen similar injuries
32:18
Speaker 2: happen beck and they're actually settling for twenty five grand.
32:22
Speaker 2: So ask for twenty five grand and when you go back,
32:24
Speaker 2: you tell them that you know that, Like that's the
32:27
Speaker 2: power in getting advice. So I'm not saying that that's
32:30
Speaker 2: going to be the outcome, but often we get a
32:34
Speaker 2: little bit scared seeking advice because we're scared of how
32:37
Speaker 2: much it would cost, when the reality is you can
32:40
Speaker 2: actually just ask them, well, how much would it cost
32:42
Speaker 2: to get your advice? Like the end of the day,
32:43
Speaker 2: they're a service and they need to be clear about
32:46
Speaker 2: their pricing at the start, So maybe even call a
32:49
Speaker 2: few different law firms. I would look into injury specific
32:52
Speaker 2: law firms so that they're not a lawyer who needs
32:54
Speaker 2: to do a whole heap of research in the background
32:56
Speaker 2: because they don't know the space. But saying it's a
33:00
Speaker 2: simple injury, obviously there are ongoing impacts because otherwise you
33:03
Speaker 2: wouldn't be getting a payout. But what I would be
33:06
Speaker 2: doing is having a chat with someone going how much
33:09
Speaker 2: would it cost me, because I can tell you right now,
33:11
Speaker 2: even if you're only still going to get ten grand,
33:14
Speaker 2: I'd love to spend five hundred dollars to make sure
33:16
Speaker 2: that I'm covering my bike. It's kind of like an
33:17
Speaker 2: additional insurance policy. Yes, And would you like to lose
33:20
Speaker 2: five hundred bucks and get the ten grand or lose
33:24
Speaker 2: five hundred bucks? And maybe there was an opportunity that
33:26
Speaker 2: you could have turned that additional money to fifteen or
33:28
Speaker 2: something like that. Totally get the advice, because what if
33:32
Speaker 2: you then accepted it beck five years from now you
33:35
Speaker 2: don't have the cash anymore. In the back of your mind,
33:37
Speaker 2: you're thinking, man, maybe I should have negotiated that a
33:40
Speaker 2: bit better. We don't regret things because we dot all
33:43
Speaker 2: our eyes and we cross all our t's and you
33:44
Speaker 2: did the right thing at the time.
33:46
Speaker 4: That's actually fantastic advice. I didn't even know that was
33:48
Speaker 4: the thing, because, like luckily touch Wood, I haven't had
33:50
Speaker 4: to really be no bit.
33:52
Speaker 2: At the end of the day. If they're a service provider,
33:54
Speaker 2: you get a quote, yeah, call up, hey, how much
33:57
Speaker 2: would it be to do this? Like same thing with
33:59
Speaker 2: financial advice, Like if you want financial advice, you don't
34:02
Speaker 2: have to jump boots all in and pay a financial advisor.
34:06
Speaker 2: What you can do is called me like, Hey, I'm
34:08
Speaker 2: looking at getting a financial plan. My name's Beck, I
34:11
Speaker 2: earn about this much and I've got a few goals
34:13
Speaker 2: that i'd like. What kind of realm would my advice
34:16
Speaker 2: be in? A financial advice is going to be able
34:18
Speaker 2: to say, oh, look, I can't give you a streak
34:20
Speaker 2: to number, but it'd be between A and B. Oh okay,
34:22
Speaker 2: no worries, thanks so much like ask questions about anything,
34:27
Speaker 2: like so many times irrespective of whether it's a payout
34:30
Speaker 2: for insurance, but like, how many times are we not
34:32
Speaker 2: picking up the phone and just asking because we're scared
34:34
Speaker 2: of how much it'll cost? Find out what it costs?
34:37
Speaker 4: Yes, and they if they can't find you because you
34:39
Speaker 4: just called them, they're not going to charge you anything yet.
34:41
Speaker 2: Ah, run call from a block exactly, all right. So
34:46
Speaker 2: we did ask the community. We said what would you do?
34:49
Speaker 2: Sixteen percent of you said I'd take ten grand, twenty
34:52
Speaker 2: nine percent of you said I'd negotiate with the insurers myself,
34:55
Speaker 2: and fifty five percent of you said I'd get legal
34:58
Speaker 2: advice even if it costs me.
34:59
Speaker 4: S oh, I love that for us. Yeah.
35:03
Speaker 2: The next question, we said what would stress you out more?
35:07
Speaker 2: Forty percent of you said it would be dealing with negotiations,
35:10
Speaker 2: but sixty percent said wondering if I could have got more? Oh,
35:13
Speaker 2: I know, yeah, Like imagine, I know you said the
35:16
Speaker 2: life adamans not your thing, but imagine getting the ten grand.
35:20
Speaker 2: You're stoked, but the week after you're like, could.
35:23
Speaker 4: It had been? It's other short term mental stress or
35:27
Speaker 4: long term perpetually wondering.
35:29
Speaker 2: Don't want to perpetually wonder like and I mean I'm
35:32
Speaker 2: being pretty dramatic here, but of course the insurance company
35:36
Speaker 2: is going to want to get out of this situation
35:39
Speaker 2: for as little as possible. An insurance company's job is
35:42
Speaker 2: to mitigate risks. The reason we pay insurance is because
35:47
Speaker 2: we want to make sure that if something happens, it's covered.
35:49
Speaker 2: But the way an insurance company makes money is essentially
35:53
Speaker 2: betting that the amount of claims that they get in
35:56
Speaker 2: a year will not be as much as the amount
35:59
Speaker 2: of remuneration that they bring in each year, because like,
36:01
Speaker 2: if all of us paying hundred bucks a year in insurance,
36:03
Speaker 2: not all of us are claiming on insurance each year.
36:05
Speaker 2: That's why I say I want insurance to be the
36:07
Speaker 2: biggest waste of your time ever. Like I want you to,
36:10
Speaker 2: you know, do your budget at the end of the
36:11
Speaker 2: year and be like, far out, I've spent five hundred
36:14
Speaker 2: bucks on this premium and I got nothing out of
36:16
Speaker 2: good because you're safe, you're healthy, nothing happened to you.
36:19
Speaker 2: Money win. I want you to spend that money again
36:21
Speaker 2: next year. But the insurance company on the flip side's like, great,
36:25
Speaker 2: we have so many customers paying us one hundred bucks,
36:27
Speaker 2: but then we had to pay Beck fifty grand. That's
36:30
Speaker 2: okay because it all comes out in the wash and
36:31
Speaker 2: we're still a profitable business. That is how insurance works, right.
36:36
Speaker 2: So the idea that you could have more definitely exists
36:41
Speaker 2: because the insurance company wants to make the minimum payment
36:45
Speaker 2: to make this issue go away. But can you imagine
36:49
Speaker 2: the heartbreak if you didn't get advice and then a
36:52
Speaker 2: year from now, far out, colleague, same thing happens. You're
36:56
Speaker 2: in the lunchroom at work. You're like, what happened to
36:58
Speaker 2: your hand? They go, I was in a correct acient.
37:00
Speaker 2: This happened needed so far out. That's the same thing
37:02
Speaker 2: that happened to me. They're like, oh, I'm so lucky
37:04
Speaker 2: though my dad's a lawyer, got paid out fifty grand. Yeah, sorry,
37:08
Speaker 2: well I just accepted ten What do you mean, like,
37:11
Speaker 2: get the advice to put you in the best possible position,
37:14
Speaker 2: even if it means settling for exactly what they've offered you. Yes,
37:19
Speaker 2: so that there are no regrets in the future. So true,
37:21
Speaker 2: peace of mind, exactly, priceless. We then obviously said to
37:24
Speaker 2: the community, what are your two cents? Someone said, broken
37:28
Speaker 2: bonds in a hand is definitely worth more than ten grand.
37:31
Speaker 2: Consider all the future ailments for example arthritis.
37:34
Speaker 4: True.
37:35
Speaker 2: See, I don't know these things. I'm not a health professional.
37:37
Speaker 2: That's why you shouldn't be asking me. That's why I
37:39
Speaker 2: told you go to the lawyer. Someone else said, no way,
37:42
Speaker 2: they're a money making business. They are always going to
37:44
Speaker 2: low ball you.
37:45
Speaker 4: That's very true. They wouldn't give you the top offer immediately.
37:47
Speaker 2: Why would they? Yeah, why would they? That's why you negotiate.
37:52
Speaker 2: Someone else said, don't accept I'm a lawyer one hundred percent.
37:55
Speaker 2: Calculating damages is actually quite complex. Oh, there's a lawyer,
38:00
Speaker 2: there's a lawyer coming, there's your advice. There's your advice.
38:02
Speaker 2: Someone else said, absolutely, get legal advice. I did. I
38:04
Speaker 2: got fifty thousand dollars more than the original offer. No way,
38:11
Speaker 2: I'd spend five grand on legal advice to get an
38:14
Speaker 2: additional fIF Yeah, but you don't know. We don't know, right,
38:17
Speaker 2: I know. Someone else said, I got twelve grand for whiplash.
38:21
Speaker 2: The original offer was four thousand dollars. I mentioned a
38:24
Speaker 2: lawyer's name, and weirdly they update immediately.
38:27
Speaker 4: Oh actually I forgot to mention it's extra eight thousand
38:30
Speaker 4: dollars fee.
38:31
Speaker 2: Oh yeah, do you still want to talk to your lawyer? Probably?
38:35
Speaker 2: Someone else said I was told no need to get
38:37
Speaker 2: legal advice. I did it anyway, five hundred thousand dollars
38:40
Speaker 2: payout as always get advice. Oh my god, I don't
38:46
Speaker 2: know what happened to you. Money diarist, not money dist
38:49
Speaker 2: but anonymous human being from my she's on the money community.
38:52
Speaker 4: But I hope you're okay.
38:53
Speaker 2: I hope you're okay, because five hundred thousand dollars is
38:55
Speaker 2: a payout. Tells me that something happened that was not great. Yes,
38:59
Speaker 2: I hope you're happiness and healthy. Someone else said, go
39:01
Speaker 2: to your union and get assistance. With this. They do
39:04
Speaker 2: this for work every day union. Yeah, that's kind of
39:07
Speaker 2: cool because obviously they're there to advocate for employees. You
39:10
Speaker 2: always see the EAP posters on the back of the
39:12
Speaker 2: toilet door here at work. Yeah, and they always like
39:14
Speaker 2: call us for advice on anything.
39:16
Speaker 4: True, I'm gonna call you, thank you, maybe I will.
39:19
Speaker 2: And someone else last one I'll share, said, see if
39:21
Speaker 2: you can talk to your local community legal center or
39:24
Speaker 2: law access, which I think that's really important as well.
39:27
Speaker 4: Good call. I was going to suggest legal laid, but
39:29
Speaker 4: I don't know if they're figl yep.
39:30
Speaker 2: One hundred percent. What's the worst that can happen? You
39:33
Speaker 2: reach out and they say, sorry, we can't help you
39:34
Speaker 2: in that department. Thanks glad. I checked. Totally would have
39:37
Speaker 2: been free. Now I'm going to pay for some advice.
39:39
Speaker 4: Yeah.
39:39
Speaker 2: Now I want to recap though, Beck, So, now that
39:42
Speaker 2: you've heard all of this, yes, what would you do
39:45
Speaker 2: honestly saying you said, I'm gonna just take ten grand?
39:48
Speaker 4: Yeah. No, now that I know this, and now that
39:50
Speaker 4: I've heard from an actual lawyer and also from people
39:53
Speaker 4: saying that they're.
39:54
Speaker 2: From the community, being like, we want more for you.
39:57
Speaker 4: Than now, absolutely, I would. I'd probably call all the
40:00
Speaker 4: insurance by myself first and see what I can do,
40:03
Speaker 4: and then I would get legal advice and just name drop,
40:06
Speaker 4: name drop.
40:06
Speaker 2: Should I get another lawyer and they're always going to say,
40:09
Speaker 2: you don't need legal advice. You can just take this
40:11
Speaker 2: cash pay out. Yeah, just take this.
40:12
Speaker 4: Doesn't this look nice?
40:13
Speaker 2: But imagine Yeah, imagine being in the lunch room and
40:16
Speaker 2: hearing someone else got fifty exactly you exactly.
40:19
Speaker 4: It would just not feel very good. I mean, like
40:20
Speaker 4: ten k T care.
40:21
Speaker 2: We advocate for ourselves though, Yes, because even if at
40:25
Speaker 2: the end of the day you advocate for yourself and
40:27
Speaker 2: the situation doesn't change, you've gained a whole heap of confidence.
40:30
Speaker 2: You've learned a little bit more about negotiating and knowing
40:33
Speaker 2: your worth. Like, to me, that is so important.
40:35
Speaker 4: Yeah, I completely agree. I think get some advice, whether
40:40
Speaker 4: it's legal aid or you have paid for legal advice
40:43
Speaker 4: or whatever that looks like, just do it.
40:45
Speaker 2: That is unfortunately, beck All, we have time for today.
40:48
Speaker 2: We'll get miss Jess Gricchi back on the show next week.
40:51
Speaker 2: Currently she's recovering and if you haven't before, leave our
40:55
Speaker 2: podcast a review. We have started reading them out on
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Speaker 2: Just be like, hey, guys, I found you some new friends.
41:09
Speaker 4: No pressure, that's us, that's us.
41:10
Speaker 2: All right, have a good weekend, guys. Bye bye, guys.
41:19
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41:22
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