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Michelle Battersby on Side Hustles, Modelling Mat Leave & More! · She's On The Money

0:00
Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
0:04
Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before
0:08
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.
0:58
Speaker 4: Hello, and welcome to She's When the Money the Podcast
1:01
Speaker 4: Millennials who want financial freedom. Today is Friday, which means
1:04
Speaker 4: it's time to get the team together to celebrate you
1:07
Speaker 4: the incredible She's on the Money community. But today is
1:10
Speaker 4: no ordinary Friday because it's Jessica Ricky right now. Victoria
1:15
Speaker 4: Divine is not with us, she's currently on maternity leave
1:18
Speaker 4: and it's me and Miss Becksayed holding down the fort.
1:21
Speaker 5: Hi.
1:22
Speaker 6: Guys, we do have a special guest though with us.
1:25
Speaker 6: We are going to have some friends of the show
1:27
Speaker 6: on over the next few weeks while v is on
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Speaker 6: matt leave. Today, we do have a wonderful friend, Michelle Battersby.
1:34
Speaker 6: Welcome to the show.
1:36
Speaker 2: Thank you so much for having me. It's an honor.
1:38
Speaker 5: Thank you so much.
1:39
Speaker 6: For those who don't know yourself or much about you,
1:42
Speaker 6: please give us a little a little rundown.
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Speaker 2: Wow. Okay.
1:46
Speaker 7: So I've worked in tech startups for the past nine years.
1:50
Speaker 7: I got my start in the tech industry. I was
1:52
Speaker 7: the seventh employee at Bumble globally. I was the first
1:56
Speaker 7: employee at Bumble in Australia and I launched the brand
1:59
Speaker 7: into the Astra Alien market and then into four other countries.
2:04
Speaker 7: And working at Bumble was really where I found my
2:07
Speaker 7: passion for working on products that bettered the lives of
2:10
Speaker 7: women and the people using them. So I've since gone
2:13
Speaker 7: on to start my own startup, which is called Sunroom.
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Speaker 7: It's based in LA I'm based in LA We've raised
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Speaker 7: about seven million US dollars in venture capital and now
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Speaker 7: we're taking that money building a product that puts money
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Speaker 7: back in women and non binary creators hands.
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Speaker 2: So yeah, that's me.
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Speaker 5: I guess incredible.
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Speaker 4: That is a phenomenal resume. It's always so hard when
2:35
Speaker 4: someone says to you, tell me about yourself, to sum
2:38
Speaker 4: up your whole experience as a human being into a
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Speaker 4: few short sentences. But I must say yours is absolutely killer,
2:44
Speaker 4: absolutely very impressive. Now, don't worry everybody, We're not going
2:47
Speaker 4: to switch up the format on you too much. Today
2:50
Speaker 4: we're going to be sharing some of our favorite money wins.
2:52
Speaker 4: Beck is going to share some of her best brook tips,
2:55
Speaker 4: and we're going to be helping to answer a juicy
2:57
Speaker 4: money dilemma, which this week is all about taking a
3:00
Speaker 4: pay cut to work for a company that will get
3:02
Speaker 4: you future opportunities. And we're going to unpack something that
3:06
Speaker 4: you slid into our DMS about which this week is
3:08
Speaker 4: all about how to prioritize your finances, choosing to have
3:11
Speaker 4: kids or your lifestyle, which I think could be very
3:14
Speaker 4: interesting to chat about. But before we get there, how's
3:18
Speaker 4: everybody's week been, Michelle?
3:19
Speaker 2: What have you been up to?
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Speaker 8: Oh?
3:20
Speaker 2: How's my week being?
3:22
Speaker 9: Well?
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Speaker 7: I mean, speaking of Victoria being out, I'm nearly six
3:26
Speaker 7: months pregnant, so run I'm navigating that as well. So
3:32
Speaker 7: it feels good to be helping out a fellow, you know,
3:35
Speaker 7: fresh mum to be yeah, trying to just get my
3:39
Speaker 7: life in order. I've started to think about what I
3:41
Speaker 7: will do with my company as I approach birth, so
3:45
Speaker 7: there's a bit on I'm just getting ready for aw
3:47
Speaker 7: some change.
3:48
Speaker 4: Is it really overwhelming because I guess for the average person,
3:51
Speaker 4: you have such a standard process. You take your parental leave,
3:56
Speaker 4: you know, you then decide whether you're going to re
3:58
Speaker 4: enter the workforce, but that's part time, full time. But
4:00
Speaker 4: watching VD go through it, when you're the owner of
4:02
Speaker 4: the company, there's not really any rules. You can do
4:05
Speaker 4: whatever you want. Yeah, which I feel like to the
4:08
Speaker 4: average person you go, oh my god, that sounds amazing.
4:11
Speaker 4: But I can see that it is on the other side,
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Speaker 4: very almost overwhelming, because you're so passionate generally you know
4:17
Speaker 4: about your company and the thing that you've built, but
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Speaker 4: you're also I would imagine, extremely passionate and excited about
4:22
Speaker 4: the family and that new adventure. Have you found it
4:26
Speaker 4: hard to kind of figure out what to do because
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Speaker 4: there's not really a blueprint for you.
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Speaker 7: Definitely, I feel it is such a privilege having your
4:33
Speaker 7: own company and navigating pregnancy at the same time, because
4:37
Speaker 7: you are able to make the rules. And I'm also
4:40
Speaker 7: very conscious similarly to Victoria. When you have so many
4:43
Speaker 7: women working for you as well, I feel like I
4:46
Speaker 7: really want to do this well and show them that
4:50
Speaker 7: if and when they choose to go through this, they'll
4:53
Speaker 7: be supported by me and by sun Room. I'm lucky
4:58
Speaker 7: because I actually reached out to our lead investor, which
5:02
Speaker 7: is an Australian VC fund, and they actually pulled together
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Speaker 7: a women's circle type thing full of all the women
5:09
Speaker 7: that they'd invested in over the past few years that
5:13
Speaker 7: were moms or were becoming mums, and I was actually
5:16
Speaker 7: able to listen to how they navigated this as a founder,
5:21
Speaker 7: and some of them had some amazing approaches to how
5:24
Speaker 7: they've done it. So I think I'm going to take
5:27
Speaker 7: a bit of a phased approach, and I'm going to
5:30
Speaker 7: allow myself sometime where I'm not contacted unless it's for
5:33
Speaker 7: an emergency, and then I think I'm going to try
5:35
Speaker 7: and gradually enter my way back in.
5:38
Speaker 2: It will be quite soon.
5:40
Speaker 7: I think that's one of the downfalls of it being
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Speaker 7: your own company is there never really is that time off.
5:47
Speaker 7: But I'm also just trying to be flexible with myself
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Speaker 7: and recognize that I have absolutely no idea what this
5:53
Speaker 7: is going to be like and just set myself up
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Speaker 7: with the support that I need and that Sunroom needs.
5:59
Speaker 4: That's awesome. It's great to hear you know that you're modeling.
6:02
Speaker 4: I guess for other women too, because I think for
6:04
Speaker 4: so long, you know, it's almost a scary thing like
6:07
Speaker 4: having a baby in your career, and yeah, I think
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Speaker 4: having someone that people can look to and see how
6:11
Speaker 4: that experience goes is awesome.
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Speaker 7: Yeah, I've felt that as well, Like I've been the
6:16
Speaker 7: employee in so many companies where I haven't felt necessarily
6:21
Speaker 7: like I would be safe or supported through this, and
6:24
Speaker 7: I think that's a reality for many women. So I
6:27
Speaker 7: think it's very important that we are modeling it in
6:31
Speaker 7: a way that shows this is something that will be
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Speaker 7: celebrated and won't be looked at as a threat to productivity,
6:36
Speaker 7: which unfortunately it is in some workforces.
6:39
Speaker 4: One hundred percent, I feel like we're gonna have a
6:40
Speaker 4: really good conversation about this week's DM because yeah, I
6:43
Speaker 4: think it is so good. But before we get there,
6:45
Speaker 4: how's your week beat? What have you been up to? Why?
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Speaker 2: We has been absolutely lovely.
6:50
Speaker 6: The weather's been as per usual, kind of nice, sometimes
6:53
Speaker 6: kind of not nice. Sometimes that's quite a right, but otherwise, yeah,
6:57
Speaker 6: just like you know, doing the usual. Yeah, gone with gym,
7:01
Speaker 6: hitting the waits, seeing friends and yeah watching I've watched
7:05
Speaker 6: saltburn about you guys, but.
7:08
Speaker 4: What did you think? I've heard crazy reviews.
7:10
Speaker 5: I loved it.
7:12
Speaker 6: I was like waiting for something crazy to happen. I
7:14
Speaker 6: was like, hey, you know, I can't see anything that's.
7:17
Speaker 4: You didn't think anything crazy? Did you watch it? I know,
7:21
Speaker 4: but I've heard a few of the key bizarre.
7:23
Speaker 6: Sure, sure, sure, And that's obviously something that maybe.
7:28
Speaker 4: You're not my normal behavior that I would choose to
7:32
Speaker 4: take in, but not your day to day I'm not
7:34
Speaker 4: here to youck anybody's young.
7:36
Speaker 5: Of course, Michelle, have you watched it?
7:37
Speaker 7: I haven't, and it's because I've been so scared by
7:40
Speaker 7: some of the stuff I've been saying on TikTok.
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Speaker 5: Yah, don't be scared.
7:43
Speaker 2: Guy.
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Speaker 7: Yeah, you're giving me the confidence to potentially watch it.
7:47
Speaker 7: Is it something I can watch alone? Or do I
7:49
Speaker 7: need company? You could absolutely watch it alone. It's scary
7:53
Speaker 7: or anything. It's honestly like, yeah, there are some weird
7:55
Speaker 7: things in there, or you know whatever, but it's such
7:58
Speaker 7: a great movie you can watch.
8:00
Speaker 6: Don't listen to TikTok. That's what stopped me as well,
8:03
Speaker 6: because I was like, I need the Bible or something.
8:08
Speaker 6: But honestly, it's like, it's it's great movie. It's a
8:09
Speaker 6: great movie.
8:10
Speaker 4: Mm hmm. What about you?
8:11
Speaker 5: How's your weep be in?
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Speaker 4: It's been good. It's been very very busy, you know,
8:15
Speaker 4: with VD heading off, I think we've been all hands
8:18
Speaker 4: on deck just trying to navigate through that. But it's
8:21
Speaker 4: really fun and I'm so excited to get to do
8:24
Speaker 4: things with you, spend a little bit of time together,
8:26
Speaker 4: chat tyg corgeous guests. I think it's going to be
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Speaker 4: a really fun, exciting time for all of us. And
8:31
Speaker 4: I mean, any excuse to buy cute, tiny baby clothes
8:33
Speaker 4: for somebody totally signed me up. Absolutely dream live for
8:38
Speaker 4: it totally.
8:40
Speaker 6: I think that kind of takes us into your money
8:43
Speaker 6: wins for the week. Absolutely cheap, cheap, cheap baby clothes.
8:48
Speaker 4: No cheap cheap baby clothes. But I did have a
8:50
Speaker 4: few really good ones. Let me r and you threw them. Okay, firstly,
8:53
Speaker 4: I've got a money win and very on theme with
8:55
Speaker 4: the baby thing from Kaylor who said I price checked
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Speaker 4: nappies and found them to be eight cents per nappy
9:01
Speaker 4: cheaper at Costco, and when I got there there was
9:04
Speaker 4: also an instant rebate available.
9:06
Speaker 5: Cool.
9:07
Speaker 4: I didn't even know that that was a thing, but
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Speaker 4: I love when people check the cost per unit. I
9:11
Speaker 4: feel like that is.
9:11
Speaker 5: So smart doing God's work.
9:13
Speaker 4: Absolutely. Next, I've got a money when, also baby themed
9:17
Speaker 4: from Agnes who said I've been meaning to buy a
9:19
Speaker 4: new pair of docks. My feet have changed size since
9:22
Speaker 4: being pregnant, as my old ones didn't fit. Platypus had
9:25
Speaker 4: a sale and I purchased a new pair for one
9:27
Speaker 4: hundred and eighty dollars when it is normally three hundred.
9:30
Speaker 4: That's very seeing your feet changing size during pregnant.
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Speaker 7: Oh, I've heard this can happen, and I'm terrified because
9:35
Speaker 7: I'm already a forty so I really don't want them
9:38
Speaker 7: to be going up a size and apparently they can
9:41
Speaker 7: stay there once.
9:42
Speaker 6: Oh no, no, it's like a second gross.
9:49
Speaker 4: I'm not gonna lie watching VD go through it. Yeah,
9:53
Speaker 4: it is rare, the changes. I don't know that I'm
9:56
Speaker 4: so old if I'm mean, all sounds a joy in
9:59
Speaker 4: a mirror. Call for everybody else to totally love it. Next,
10:02
Speaker 4: I've got money in from Cass who said, my teacher
10:05
Speaker 4: goal is to not buy from the canteen this year
10:07
Speaker 4: and take my own lunch every day. I found a
10:09
Speaker 4: brand new cute lunch box in an op shop marked
10:12
Speaker 4: for two dollars, and then when I went to pay,
10:14
Speaker 4: the volunteer marked my four items down from twenty four
10:17
Speaker 4: dollars to nine dollars, so I essentially got the lunch
10:20
Speaker 4: box for less than a buck. I googled the brand
10:23
Speaker 4: and it sells for anywhere between twenty five and thirty
10:25
Speaker 4: one dollars normally. Huh, discounts of the opshop. You love
10:28
Speaker 4: to see it.
10:29
Speaker 5: Love to see it.
10:30
Speaker 4: Didn't even know that was a thing I know. Next,
10:32
Speaker 4: I've got a money in from Rebecca, who said I
10:34
Speaker 4: bought my first ever ETF this morning and I've already
10:37
Speaker 4: made eighteen cents and she put a wonderful picture.
10:42
Speaker 5: Oh amazing.
10:43
Speaker 6: I think that's the original photo.
10:45
Speaker 5: I think so, Tue.
10:46
Speaker 4: I don't know if Michelle's going to be able to
10:47
Speaker 4: see this, but it's Rebecca Wilson, the Wolf of Wolf Street,
10:50
Speaker 4: and it's absolutely iconic.
10:52
Speaker 2: Oh my god, so funny.
10:55
Speaker 4: I love it when people put pictures in the thread.
10:56
Speaker 4: It is my absolute favorite thing. Ever. The next money
11:03
Speaker 4: when I feel like I have to read because Beck
11:04
Speaker 4: was looking over my shoulder because there is also a
11:07
Speaker 4: picture and it's from cheven and she said money when
11:10
Speaker 4: I've not purchased coffee at work in the past week,
11:13
Speaker 4: so I saved seven dollars per coffee. Some days I
11:15
Speaker 4: have three. So that's a huge savings for me. I
11:18
Speaker 4: got this bad boy and it works a treat, and
11:20
Speaker 4: I believe it is a thermos.
11:22
Speaker 6: It does look like it could be a thermois or
11:27
Speaker 6: possibly you know what, like I know, if you had
11:31
Speaker 6: this mache but like you know, your grandparents wild always
11:33
Speaker 6: have those like muscle things that like massages, like those
11:38
Speaker 6: with the big head on the wall.
11:40
Speaker 2: Oh yeah, yeah, yeah.
11:42
Speaker 6: It's I mean, that's what's reminded me of. And it
11:44
Speaker 6: is like a little you know, I don't know though,
11:46
Speaker 6: but yes, that's lovely.
11:47
Speaker 3: Is it?
11:47
Speaker 2: Sex toy? Is that the vibe you're getting?
11:49
Speaker 4: Can you? That's what the camera so she can see it, and.
11:53
Speaker 6: Especially because when you had like when you had it
11:56
Speaker 6: hadn't one. Oh yeah, it looked before she scrawl, before
12:01
Speaker 6: she scrolled, it looked like the rabbit.
12:04
Speaker 5: I was like, oh my god, I think it's.
12:06
Speaker 4: It's the fact that there's liquid coming out of it
12:08
Speaker 4: as well. There's a lot going on, but that is
12:11
Speaker 4: a great win. Chevon, very pleased for you. And then lastly,
12:15
Speaker 4: I have a money win from Izzy, who said I
12:17
Speaker 4: taught my mom how to use Facebook marketplace to sell
12:19
Speaker 4: extra furniture she wanted to get rid of and now
12:21
Speaker 4: she's making a little bit of money on the side
12:23
Speaker 4: on some great quality items that otherwise would have gone
12:26
Speaker 4: out to her curb for someone to pick up for free. Yeah,
12:29
Speaker 4: mum technology. And now we've decided that anyone that comes
12:32
Speaker 4: on the show, because you're so involved in the community,
12:35
Speaker 4: we would love to hear from you as well. So Michelle,
12:37
Speaker 4: do you have a money win or a money loss
12:39
Speaker 4: to share with us this week.
12:40
Speaker 7: I've got a sad money loss. So I bought something
12:43
Speaker 7: online the other week and as I was purchasing it,
12:46
Speaker 7: I thought, I don't know if this is gonna work,
12:48
Speaker 7: but I must return it if it doesn't.
12:50
Speaker 2: And it didn't work.
12:52
Speaker 7: I actually got a bump one of those bump suit
12:54
Speaker 7: dresses and I was like, so kay, and you know
12:56
Speaker 7: I get to wear a bump suit. Now I'm getting
12:58
Speaker 7: a bump and it wash not not for.
13:01
Speaker 1: Me at all.
13:01
Speaker 7: And then you know when it just gets away from
13:04
Speaker 7: you time and you print the label and it's all
13:08
Speaker 7: feeling like a chore you just don't want to do.
13:10
Speaker 7: And then I forgot that it was a long weekend
13:12
Speaker 7: in the US, and now I've missed the deadline, and
13:14
Speaker 7: so I may as well have just flushed, you know,
13:16
Speaker 7: one hundred and fifty dollars down the toilet, do you reckon?
13:19
Speaker 4: You can just chuck it in the post and just
13:22
Speaker 4: hope that nobody notices I've done that before. I missed
13:25
Speaker 4: it by well, especially with the long weekend. If you
13:27
Speaker 4: if like, if they questioned it, just say, oh, I
13:29
Speaker 4: popped it in a post box on Sunday and they
13:31
Speaker 4: must have just had a backlog from the week. You know.
13:33
Speaker 7: I don't even know if we have post boxes in America.
13:36
Speaker 7: I feel like a postage system here is very dated.
13:40
Speaker 7: I've never seen a post Oh my god, do.
13:44
Speaker 6: You have to say a post sack sack around?
13:47
Speaker 4: Yeah, that would be crazy.
13:48
Speaker 2: I don't know anyway, that's my loss, just a bit
13:51
Speaker 2: of laziness.
13:52
Speaker 5: Oh yeah, ckon, you could sell it for a similar price.
13:55
Speaker 2: I could, but I'm also lazy in that regard.
13:59
Speaker 7: That's a lot of us at that sort of thing
14:03
Speaker 7: and like eBay and d pop.
14:04
Speaker 2: But yeah, no, I think it's.
14:07
Speaker 4: Hard, especially when you're hauling around a whole extra human
14:10
Speaker 4: to do all your tasks as well. I feel like
14:11
Speaker 4: that makes everything ten times more of.
14:13
Speaker 6: A chore than normal, totally. You know, when I do
14:16
Speaker 6: things like that, sometimes I try and think, like, oh,
14:18
Speaker 6: let's pretend that this coffee instead of six dollars or
14:20
Speaker 6: seven dollars, and I just add, like delegate those funds
14:23
Speaker 6: to other things and pretend in my mind that they
14:26
Speaker 6: were more expensive, you know what I mean. So let's
14:28
Speaker 6: pretend your jumper was way more expensive than you know.
14:33
Speaker 6: You know, does that make does it make you feel better?
14:34
Speaker 7: Or does that make or maybe I'll buy something on
14:37
Speaker 7: sale next week and I'll see Yeah exactly, girl.
14:40
Speaker 2: Math a bit of it money? Yeah exactly exactly.
14:45
Speaker 4: All right, Beck, have you got any broke tips to
14:47
Speaker 4: share with us this week? I do.
14:49
Speaker 6: I have one from the community and one from myself,
14:51
Speaker 6: and then I believe Michelle has one of her own.
14:54
Speaker 6: I'll start with the community broke tip. This one comes
14:56
Speaker 6: from Xavier, who says an exercise reframing, so go to
15:01
Speaker 6: the supermarket, set yourself a ready steady cook style challenge
15:04
Speaker 6: of cooking with only four ingredients, ideally those four ingredients
15:08
Speaker 6: that are on special. That doesn't have to be the case,
15:11
Speaker 6: but I think this is a really good idea, just
15:13
Speaker 6: kind of like making it obviously like not to like
15:16
Speaker 6: trivialize or like, you know, speak about someone's really really
15:21
Speaker 6: genuinely hard money circumstance or something that can be turned
15:24
Speaker 6: into fun, because it absolutely can't. It sometimes is really bad,
15:27
Speaker 6: and you know, I'm not trying to you know, do
15:29
Speaker 6: that at all. But if you are just trying to
15:31
Speaker 6: save money, or if you are just a little bit
15:33
Speaker 6: broke and waiting for your next payday and it's not
15:35
Speaker 6: so bad, then this is a really fun way to
15:37
Speaker 6: kind of just like I don't know, just yeah, just
15:40
Speaker 6: reframe it, you know, be like, you know what, this week,
15:42
Speaker 6: I'm gonna, yeah, make a you know, do a challenge
15:44
Speaker 6: for myself by things that are either only on special,
15:47
Speaker 6: or make recipes that are only three or four ingredients,
15:50
Speaker 6: or only use what's in my house, like kind of
15:52
Speaker 6: like you know, sitting yourself fun challenges.
15:53
Speaker 4: In that way gamifying it is a really good trick
15:56
Speaker 4: for people with ADHD. That's how a lot of people
15:59
Speaker 4: manage to keep tho zelves on track, is like by
16:01
Speaker 4: turning those mundane every day touts. So maybe if you
16:03
Speaker 4: just eat, don't even like cooking, that could be a
16:05
Speaker 4: good way to get yourself into Cooking is gamified a
16:08
Speaker 4: little bit. I like that ready Steady cook, so act
16:10
Speaker 4: like a co host to get a little microphone out
16:13
Speaker 4: set of time off you, and then.
16:15
Speaker 6: You could judge your own food with a little like
16:17
Speaker 6: you know, what are the capscum and tomato sign y?
16:20
Speaker 1: Yeah?
16:20
Speaker 2: I think that was.
16:23
Speaker 6: My broke tip for this week. This is kind of
16:25
Speaker 6: like something I used to do. I want to kind
16:27
Speaker 6: of do this more. But I bought a seven dollar
16:29
Speaker 6: French press from Kmart and a two dollar stick milk
16:33
Speaker 6: frother you guys know those like little I guess it's
16:35
Speaker 6: like a milkshake froterer as.
16:36
Speaker 4: Well, the wy ones, the wizzy ones.
16:37
Speaker 6: Yeah, and I would just instead of going out and
16:40
Speaker 6: buying coffee, I would just make myself coffee home, which
16:42
Speaker 6: seems like a really really easy, like common sensical sort
16:45
Speaker 6: of way to save money.
16:47
Speaker 5: I totally get that.
16:48
Speaker 6: But when you really think about it, like you don't
16:49
Speaker 6: have to spend heaps of money on like a coffee
16:51
Speaker 6: machine or really expensive milk froth literally seven dollar French press,
16:56
Speaker 6: two dollar milk froth, and that'll I don't know, that'll
16:59
Speaker 6: get you. I think it came from because I would
17:02
Speaker 6: spend like six dollars per day at least on.
17:04
Speaker 4: So that's like a day's worth of coffee to buy
17:06
Speaker 4: your set up pretty much exactly.
17:08
Speaker 6: And then what do you spend like two dollars on
17:09
Speaker 6: oat milk or whatever. You buy maybe seven dollars for
17:11
Speaker 6: coffee that'll last you like two three weeks, so so
17:15
Speaker 6: so so much cheaper than buying coffee out, So do try.
17:19
Speaker 6: This is also kind of like reframing, which will lead
17:21
Speaker 6: me into Michelle's one. I'm tending yourself these little challenges
17:24
Speaker 6: and it might be fun.
17:25
Speaker 5: I love that, Michelle. Please feel free to share you.
17:28
Speaker 7: On there is a theme because mine is a little
17:31
Speaker 7: bit of a reframe as well. So I was reading
17:33
Speaker 7: an article the other day and it said that thirty
17:35
Speaker 7: nine percent of working Americans have a side hustle.
17:39
Speaker 2: I have two side hustles.
17:41
Speaker 7: I make money on my own app Sunroom, and then
17:44
Speaker 7: I write a monthly column for the SMH and the Age,
17:47
Speaker 7: and I've started just putting the money from those two
17:50
Speaker 7: side hustles into a separate bank account that I just
17:52
Speaker 7: don't look at, and I feel like it's this bonus
17:55
Speaker 7: money that just exists over there. And I think with
17:59
Speaker 7: the cost of living, I think side hustles are just
18:03
Speaker 7: going to become more and more common. But I think
18:05
Speaker 7: we often think about a side hustle as like you're
18:08
Speaker 7: starting some second business on the side and it needs
18:12
Speaker 7: to then become your dominant form of income. But really
18:15
Speaker 7: a side hustle can just be about optimizing something that
18:18
Speaker 7: you're already doing or something that you really enjoy and
18:21
Speaker 7: finding a way to monetize that. Like if you are
18:24
Speaker 7: creating content on the Internet and putting it out there
18:26
Speaker 7: for free user monetization platform. If you are really opinionated
18:30
Speaker 7: and love writing, start a substack and look at a
18:33
Speaker 7: way to monetize a newsletter deepop if you're really into
18:37
Speaker 7: clothes freelancing. There's so many platforms that now exist that
18:40
Speaker 7: will allow people to become virtual assistants and these sorts
18:43
Speaker 7: of things, and it doesn't need to take up a
18:46
Speaker 7: huge amount of your time, Like I would say about
18:48
Speaker 7: three hours a week of mine is put into these
18:52
Speaker 7: side hustles. So I think a side hustle, not seeming
18:55
Speaker 7: like some daunting big thing, is another good way to
18:59
Speaker 7: maybe just like dip your toe in the water and
19:01
Speaker 7: start to look for ways where you can bring any
19:03
Speaker 7: of it and even an extra three hundred dollars a
19:06
Speaker 7: month or five hundred dollars a month that could really
19:09
Speaker 7: make a difference in today's society.
19:11
Speaker 4: Oh my god, I completely agree. I love a side hustle.
19:14
Speaker 4: Of the listeners know, and anyone who follows me on
19:16
Speaker 4: TikTok would know. I did a thousand dollar challenge just
19:19
Speaker 4: at the end of last year. I needed a little
19:21
Speaker 4: bit of extra cash to get to the savings goal
19:23
Speaker 4: that I had for my house deposit. And I made
19:25
Speaker 4: a grand in two weeks. And it was nothing strenuous.
19:28
Speaker 4: It was just selling stuff on Facebook marketplace, selling stuff
19:31
Speaker 4: on deepop. I picked up a few social media jobs online,
19:34
Speaker 4: I did surveys, like I tested like a million different things. Yes, yeah,
19:38
Speaker 4: which I know is very controversial, but it worked for
19:40
Speaker 4: me for that short time period, and I was just
19:43
Speaker 4: like that little sprint of a couple of weeks for it.
19:46
Speaker 4: A thousand dollars is a lot of money, and it
19:49
Speaker 4: was just by picking up all these little bits and
19:50
Speaker 4: pieces and as you said, it's just it was a
19:53
Speaker 4: supplementary for me. I need to hit this goal. I
19:55
Speaker 4: have this thing that I really want to do. How
19:58
Speaker 4: do I get there? And it was perfect. It's kind
20:00
Speaker 4: of again going back to that idea of gamifying. Wow,
20:02
Speaker 4: we're really all on the same page now, so we're
20:05
Speaker 4: all vibing. I love it. Let's go to a really
20:08
Speaker 4: quick break and when we come back, we're going to
20:10
Speaker 4: be answering a juicy money question, which is all about
20:14
Speaker 4: taking a pay cut to work for a company that
20:16
Speaker 4: will give you great opportunities in the future, and also
20:19
Speaker 4: unpack a DM about prioritizing your financewers or choosing to
20:22
Speaker 4: have kids. Don't go anywhere.
20:29
Speaker 5: Welcome back everyone. Here's our money dilemma for this week.
20:33
Speaker 4: Hi, there, have you.
20:34
Speaker 8: Got a money dilemma you just can't solve? The Sheese
20:37
Speaker 8: on the Money team is here to help. Every week,
20:39
Speaker 8: we tackle your dilemmas, both big and small, to answer
20:42
Speaker 8: your most burning money.
20:43
Speaker 4: Career and life questions.
20:45
Speaker 8: To get involved simply head to our website and leave
20:48
Speaker 8: us a short voice recording, and you might just find
20:50
Speaker 8: yourself on the show. Now, let's take a listen to
20:52
Speaker 8: this week's money dilemma.
20:55
Speaker 9: Hey, team, I was hoping you'd be able to help
20:57
Speaker 9: me with a career question. Currently, I mean a really
21:01
Speaker 9: well paying job. However, I feel as though I have
21:04
Speaker 9: outgrown it and I'm looking to move on to another company. However,
21:08
Speaker 9: as I have been looking for jobs, I've realized that
21:11
Speaker 9: the skills I have are more equal to lower paying
21:13
Speaker 9: jobs at other companies. My question is, do you think
21:17
Speaker 9: it's worth taking a step back, not only in my
21:19
Speaker 9: pay but in my career to go to a company
21:22
Speaker 9: that will hopefully provide me with better opportunities in the future.
21:25
Speaker 9: I'm really struggling with the cost of living at the moment,
21:28
Speaker 9: so taking a pay cut is not something I'm super
21:30
Speaker 9: keen about.
21:33
Speaker 5: Makes a lot of sense.
21:34
Speaker 4: I'm super interested to get your thoughts because when I
21:36
Speaker 4: think of successful women, Michelle, you are someone that is
21:39
Speaker 4: like right at the top of my mind, and I
21:41
Speaker 4: think that you've done so many incredible things, and when
21:45
Speaker 4: we look at your career externally, it just looks like
21:47
Speaker 4: you've been at the top of your game for so long,
21:51
Speaker 4: But would you do something like that, would you take
21:53
Speaker 4: a pay cut to move for opportunity, or would you
21:56
Speaker 4: prioritize something different.
21:58
Speaker 7: I mean, firstly, thank you, and I think, like this
22:01
Speaker 7: isn't about me, but it might be a good anecdote
22:04
Speaker 7: because just you saying, you know, it looks like I've
22:06
Speaker 7: been at the top of my game. When I made
22:08
Speaker 7: the decision to start my own business, I put myself
22:13
Speaker 7: on a fifty five thousand dollars salary. You know, I
22:15
Speaker 7: went from earning hundreds of thousands, and I'm so lucky
22:19
Speaker 7: to have been able to pay myself from the start.
22:21
Speaker 7: Many people cannot. But going from something quite big, really stable,
22:26
Speaker 7: really comfortable, to something from the ground up did really
22:30
Speaker 7: feel like a backward step. So I think when you
22:32
Speaker 7: are you know it was it was short term pain,
22:35
Speaker 7: long term gain type thing. But even now I'm not
22:39
Speaker 7: on a huge salary, I think people would probably assume
22:41
Speaker 7: it's bigger than it is. I pay myself today one
22:44
Speaker 7: hundred and twenty five thousand, and that's why I have
22:46
Speaker 7: these side hustles and I do other things, and I
22:48
Speaker 7: think it's good to work for a founder that's like
22:50
Speaker 7: hungry and trying to, you know, make a dollar as well.
22:54
Speaker 7: I think when you're making these decisions, there's many things
22:56
Speaker 7: to consider, but I do think you have to also
22:59
Speaker 7: check your ego a little bit, check your pride going
23:02
Speaker 7: backwards or what feels like a side step usually setting
23:06
Speaker 7: yourself up for a much greater leap further down the track.
23:10
Speaker 7: And I also think it comes down to what you
23:12
Speaker 7: value and what your priorities are, Like, if you feel
23:15
Speaker 7: like you've outgrown the role, maybe you value a challenge
23:19
Speaker 7: and learning opportunities more than you do the money. And
23:22
Speaker 7: I think this person's in a great position because they're
23:25
Speaker 7: in a high paying role at the moment, and it
23:27
Speaker 7: doesn't sound like they desperately need to get out the
23:29
Speaker 7: door at this very second, so I think they could
23:32
Speaker 7: start to save in preparation for maybe taking a smaller salary.
23:37
Speaker 7: I think they also need to have the conversations internally
23:41
Speaker 7: at their current workplace, like is there truly no more
23:44
Speaker 7: opportunity for career growth or challenges or promotion and things
23:49
Speaker 7: like that. And I also would be interested to know
23:52
Speaker 7: how they're assessing that their current skills aren't going to
23:55
Speaker 7: get them the same amount of money elsewhere, like, have
23:59
Speaker 7: they definitely done the interviews?
24:00
Speaker 2: Have they sold themselves? Because what someone.
24:03
Speaker 7: Will choose to pay you or can pay you does
24:06
Speaker 7: end up being based on more than just the skills
24:08
Speaker 7: you have. You know, it's the potential that someone sees
24:12
Speaker 7: in you, it's your results. So if you've really dug
24:15
Speaker 7: into what you've been able to bring to the table
24:18
Speaker 7: in your previous role. So I would also recommend to
24:20
Speaker 7: this person, like, don't take yourself out of the game
24:23
Speaker 7: before it's even started, Like there is an opportunity for
24:26
Speaker 7: you to negotiate your way in and you might be surprised,
24:30
Speaker 7: like you're on X salary already with your current skills,
24:34
Speaker 7: So I would feel like you could use that as
24:37
Speaker 7: some bargaining power as well. But I'm the kind of
24:41
Speaker 7: person where if I'm not feeling challenged, if I'm not
24:44
Speaker 7: feeling growth, I will leave and I will be okay
24:47
Speaker 7: to go backwards or go sideways and take less money
24:50
Speaker 7: if I feel like it's going to get myself further
24:53
Speaker 7: in the future. But I also think like, as women,
24:57
Speaker 7: we know that we can hold ourselves b back in
25:00
Speaker 7: that regard as well. And you know, it's proven that
25:02
Speaker 7: men will put themselves forward for jobs and not even
25:04
Speaker 7: qualified for with the skills, So I don't like over
25:08
Speaker 7: over analyze as well, like give yourself a shot. And also,
25:13
Speaker 7: sorry I'm really going on here, but how they said
25:16
Speaker 7: that they wanted to make sure you know they were
25:18
Speaker 7: taking that smaller salary for further career opportunities, like make
25:22
Speaker 7: sure you know exactly what those opportunities look like. And
25:25
Speaker 7: is there a way you can negotiate a pay review
25:28
Speaker 7: in six months because you back yourself to do a
25:31
Speaker 7: B and C in six months and like get that
25:33
Speaker 7: in writing.
25:34
Speaker 4: Those awesome advice it sounds a lot like your ladder theory.
25:38
Speaker 5: Yes, that's so true.
25:39
Speaker 6: I always say it's better to start at the bottom
25:42
Speaker 6: of a ladder that you want to climb, rather than
25:44
Speaker 6: halfway up one you don't want to climb, You know
25:46
Speaker 6: what I mean?
25:46
Speaker 2: Oh absolutely, I love that.
25:49
Speaker 5: Yeah, thank you.
25:50
Speaker 4: That's like one of my favorite things you've said.
25:52
Speaker 8: Show.
25:54
Speaker 4: It really stuck in my brain. Oh my goodness, that's
25:57
Speaker 4: actually huge here.
25:58
Speaker 5: Thank you so much.
25:59
Speaker 6: Well, there is risk of me butchering that entirely, but
26:01
Speaker 6: basically I think also like once that kind of mindset
26:05
Speaker 6: sets in and you're a little bit like disenchanted or
26:07
Speaker 6: just like lacking motivation. It's very heart to like get
26:09
Speaker 6: out of that. Regardless of you know, having chats with
26:12
Speaker 6: your I mean, it can happen. You can have a
26:14
Speaker 6: chat with your leader and find out that there's, you know,
26:17
Speaker 6: a way to upskill or move to a different department
26:20
Speaker 6: or whatever it is within your current company. But I
26:23
Speaker 6: think once that feeling sets in, even if you decide
26:26
Speaker 6: to stay there and just maybe try and change your
26:28
Speaker 6: mindset or whatever, that honestly doesn't last long.
26:30
Speaker 5: That feeling keeps coming back.
26:31
Speaker 6: So I feel like if you do know exactly as
26:33
Speaker 6: you're saying that there are opportunities somewhere else, and there's
26:36
Speaker 6: potential for growth, potential for upskilling, potential for all these things.
26:40
Speaker 6: Just you know, a bit of a pay cut might
26:43
Speaker 6: be little one, might be a big one.
26:44
Speaker 5: I probably personally would.
26:46
Speaker 6: Go for that over because it's also yeah, it's also
26:49
Speaker 6: just like your overall morale and motivation and things like
26:52
Speaker 6: that you need to consider.
26:54
Speaker 5: So yeah, I'd probably go for it.
26:55
Speaker 2: Have either of you taken a pay cut for a job,
26:58
Speaker 2: a new job opportunity, I.
26:59
Speaker 4: Thinks I did early in my career. I've lived a
27:02
Speaker 4: lot of career lives. Like I'm one of those people
27:05
Speaker 4: who I think, like, did start in one space. I
27:08
Speaker 4: didn't go to university. I just worked full time out
27:12
Speaker 4: of high school. I was working retail. I was managing
27:13
Speaker 4: a retail store, and I, you know, have lived many
27:17
Speaker 4: a life and done many a job changing and jumping
27:20
Speaker 4: and side stepping and up skilling to get to where
27:22
Speaker 4: I am now. And I think that, yeah, I would agree.
27:26
Speaker 4: When I first moved from retail to my first what
27:31
Speaker 4: I call my big girl job, which was I worked
27:34
Speaker 4: at a real estate agency as an EA, I took
27:37
Speaker 4: a little bit of a pay cut, I'm pretty sure,
27:38
Speaker 4: because I've never worked in my job. And it's interesting
27:41
Speaker 4: because my experience in that negotiation and that conversation was
27:46
Speaker 4: kind of mirroring what you were saying, Michelle in the
27:49
Speaker 4: you know, I had a lot of the skills that transferred.
27:52
Speaker 4: I had a lot of the things that I could do.
27:55
Speaker 4: But I remember when I was having those conversations around salary,
27:59
Speaker 4: and don't get me wrong, it was still a very
28:00
Speaker 4: low salary because I was twenty one and I was
28:03
Speaker 4: entering the you know, professional workforce for the first time.
28:06
Speaker 4: But the conversation that was kind of brought to me
28:09
Speaker 4: was that because I didn't have demonstrated experience in that field,
28:14
Speaker 4: because it was a different field, they felt that I
28:17
Speaker 4: should be coming in at the bottom of the salary band.
28:20
Speaker 4: And at the time, I think I just kind of
28:21
Speaker 4: went okay, yeah, like it's worth it to get to
28:24
Speaker 4: where I want to go. Like if you take a
28:25
Speaker 4: little bit of a pay cut, you take a little
28:27
Speaker 4: bit of a pay cut, and it wasn't huge because
28:29
Speaker 4: the money just generally was low. It was close to
28:32
Speaker 4: minimum ways, you know, there wasn't that far to go down.
28:34
Speaker 4: But I think, like for me, it felt worth it
28:37
Speaker 4: to move into a new space. And so I can
28:40
Speaker 4: see if our listener is maybe moving industries, or even
28:44
Speaker 4: if they're staying within their industry but they're moving into
28:47
Speaker 4: a different space. Like maybe you work in administration, but
28:51
Speaker 4: you want to move into administrative management, or you know,
28:54
Speaker 4: something like that, Like if you're moving into a slightly
28:56
Speaker 4: different space, and it's worth it to learn the hard
28:59
Speaker 4: skills that you need that you don't have. Maybe you've
29:01
Speaker 4: got a lot of soft skills that do transfer, but
29:03
Speaker 4: the hard ones aren't quite there. I can see how
29:06
Speaker 4: someone doing the interview might say, oh, we feel like
29:10
Speaker 4: we just can't give you that higher salary. I would say,
29:13
Speaker 4: don't forget to negotiate other perks too. So if you
29:17
Speaker 4: are taking a lower salary, can you work hybrid or
29:20
Speaker 4: can you work remote? Can you negotiate perks? Can you
29:23
Speaker 4: do you know, a thirteen day fortnight or something like that?
29:27
Speaker 4: There are all of these other things, and we say
29:30
Speaker 4: everything is kind of up for negotiation. And I know
29:32
Speaker 4: when you're making that move, and especially when you are
29:35
Speaker 4: in the position where you're being asked to take a
29:36
Speaker 4: pay cut, I remember feeling like I was not in
29:39
Speaker 4: the power seat at all because I was almost asking
29:42
Speaker 4: them to do me a favor. It felt like I
29:44
Speaker 4: was saying, please give me this opportunity, Like I know
29:46
Speaker 4: that I don't necessarily have the proven track record, but
29:49
Speaker 4: I'm a hard worker and I'm a go getter, and
29:51
Speaker 4: I can do all of these great things for you.
29:53
Speaker 4: And I think you do feel a little bit like
29:55
Speaker 4: the powers with the employer because you're asking them to
29:58
Speaker 4: take a risk on you. I think, like, don't forget
30:01
Speaker 4: to lean on the value that you bring in your personality,
30:05
Speaker 4: like being you can't teach somebody to have the personality
30:09
Speaker 4: type that as you were saying, Michelle, and as you
30:11
Speaker 4: were saying as well, to be the kind of person
30:13
Speaker 4: that wants to improve is so valuable in an employee.
30:17
Speaker 4: Like how many people just coast buy doing their job,
30:20
Speaker 4: collecting their check, you know, clocking off, never thinking twice
30:24
Speaker 4: about it. Which if that's what you want to do
30:26
Speaker 4: that I'm not saying that that is a bad thing,
30:28
Speaker 4: but I think if you are somebody who has a
30:30
Speaker 4: company and you want to grow and you want to
30:32
Speaker 4: do all of these great things, what you really need
30:35
Speaker 4: is employees who buy in. And you can't teach that
30:38
Speaker 4: to somebody. It needs to come with them, and it
30:40
Speaker 4: is something that money can't buy.
30:43
Speaker 7: I think that Hotel so true that yeah, yeah, it is,
30:47
Speaker 7: like it's the attitude, and I think it's really it
30:50
Speaker 7: actually is really easy to stand out as a high
30:53
Speaker 7: achiever and someone who's really committed and someone who's really
30:56
Speaker 7: driven in organizations and show that you're that person who's
31:00
Speaker 7: willing to go the extra mile, like even at the
31:02
Speaker 7: end of a day saying, hey, I'm about to pack up,
31:05
Speaker 7: is there anything I can help you with before I go?
31:07
Speaker 2: Like so many people.
31:09
Speaker 7: Don't do that and just just doing that, Like, rarely
31:14
Speaker 7: is someone going to be like they're walking out the
31:16
Speaker 7: do I'm going to quickly give them something like that
31:18
Speaker 7: will really happen. But just you doing that, I think
31:21
Speaker 7: just shows that you actually give a shit and like
31:25
Speaker 7: putting your hand up like that, it really goes a
31:27
Speaker 7: long way.
31:27
Speaker 4: Yeah, is there any tips that you have for someone
31:30
Speaker 4: who is in that spot they're going to interview for
31:33
Speaker 4: a job. Maybe they feel like they're side stepping a
31:34
Speaker 4: little bit, maybe they feel like they're not in the
31:36
Speaker 4: power seat. Is there one tip that you would give
31:38
Speaker 4: them on something that they could share to showcase their value.
31:41
Speaker 7: So I used to work in HR before I got
31:44
Speaker 7: into startups, and I worked at investment banks and basically
31:49
Speaker 7: the way all salaries were negotiated was based on three things.
31:52
Speaker 7: It was role, experience, output, And I think if you
31:56
Speaker 7: are constantly looking at those three things about yourself, you
31:59
Speaker 7: will have the right sort of things to bring into
32:01
Speaker 7: an interview and to bring into any kind of negotiation
32:04
Speaker 7: about your salary. It also removes any like personal attachment
32:09
Speaker 7: to the conversation because you're looking at the facts and
32:13
Speaker 7: to your point about going into real estate, and you're
32:15
Speaker 7: not having the experience. That's just one of those three things,
32:18
Speaker 7: you know, like how are you going to deliver in
32:20
Speaker 7: the role, Like what output do you have that like
32:24
Speaker 7: might you know, inspire someone's confidence in you. But also
32:28
Speaker 7: how you then renegotiate your salary a year later, really
32:32
Speaker 7: focusing on like the role, how you fulfill it, the
32:34
Speaker 7: experience that you do have to potentially try and bump
32:37
Speaker 7: up a salary, and the output, which is really just
32:40
Speaker 7: results and hard facts. So I guess that's like the
32:45
Speaker 7: three things that I'm kind of always on the lookout for,
32:49
Speaker 7: but I think they are also just the main things
32:51
Speaker 7: you should be focusing on if you're ever discussing salary.
32:54
Speaker 4: Oh.
32:54
Speaker 7: Actually, one really good thing is when you are looking,
32:57
Speaker 7: you're focusing on the role.
32:59
Speaker 2: I used to always gather.
33:01
Speaker 7: Market data, so if you're in Australia, like go on
33:04
Speaker 7: the Hayes website and for free, you will be able
33:07
Speaker 7: to see similar roles in your state and you'll be
33:10
Speaker 7: able to see what the average salary is. And that's
33:13
Speaker 7: a really good thing to have up your sleeve if
33:16
Speaker 7: you're negotiating your salary, Like, hey, I've actually pulled the
33:19
Speaker 7: market data and I can see that I'm being underpaid
33:22
Speaker 7: and here's my output and here's my experience, and obviously,
33:26
Speaker 7: like business is always going to be in different kind
33:28
Speaker 7: of positions like are they downsizing? Have you just missed
33:32
Speaker 7: a performance review cycle? Like you do need to consider
33:35
Speaker 7: your timing. But I think that's a really good way
33:38
Speaker 7: to approach and be prepared for those kinds of conversations.
33:41
Speaker 5: It's a great idea.
33:42
Speaker 4: Let's jump into my favorite bit of the week, the
33:45
Speaker 4: JUICYDM that we've received. Are you guys ready to hear it?
33:48
Speaker 3: So?
33:48
Speaker 4: Ready? All right? They said, Hey, girls would love some advice.
33:52
Speaker 4: The other night, I was at a family dinner and
33:54
Speaker 4: my sister was talking about how having a child has
33:57
Speaker 4: been really tough on their finances. She was saying she
33:59
Speaker 4: can eat out anymore, can't go on holidays, can't afford
34:02
Speaker 4: a babysitter for date night with her partner, and the
34:04
Speaker 4: list just went on. My mom then pointed the conversation
34:07
Speaker 4: towards me and my partner and asked us when we
34:09
Speaker 4: were planning on having a baby. In response, I said,
34:11
Speaker 4: I don't want to have kids. I just want lots
34:13
Speaker 4: of money to live the lifestyle I want to live,
34:15
Speaker 4: Slay Quinn. My sister was so offended by this comment,
34:19
Speaker 4: saying it was offensive to her lifestyle and insensitive to
34:22
Speaker 4: say this after she had spoken about how much she
34:24
Speaker 4: was struggling financially. I really don't think I did anything wrong.
34:27
Speaker 4: It should be okay for me to choose myself and
34:29
Speaker 4: the lifestyle I desire over having kids. But my sister
34:32
Speaker 4: made me feel like I am selfish for doing this
34:35
Speaker 4: any thoughts, There's so many components to me.
34:39
Speaker 6: Oh no, there are a lot of layers. I feel
34:42
Speaker 6: like there's, like, you know, there's the maybe you know,
34:46
Speaker 6: the argument of women having children, not having children whatever.
34:50
Speaker 6: Like I feel like we're in a different time of
34:52
Speaker 6: life now.
34:53
Speaker 5: Four it's twenty twenty four.
34:54
Speaker 6: You absolutely don't have to be having child if you
34:56
Speaker 6: don't want, and you can if you want to, and
34:58
Speaker 6: you whatever whatever whatever. Families look all different everywhere you
35:02
Speaker 6: go all the time. So this is kind of like
35:05
Speaker 6: a question. More so, I would say it's less of
35:07
Speaker 6: a finance question and more of a like a reddit.
35:10
Speaker 5: Am I the asshole?
35:11
Speaker 6: And in this situation, no, but I would probably maybe
35:15
Speaker 6: have been more tactful and possibly not talk about how
35:21
Speaker 6: rich you want to be directly following your sister may
35:26
Speaker 6: be airing some grievances about being really broke.
35:29
Speaker 5: I don't know.
35:30
Speaker 6: Yeah, it feels like, yeah, maybe it's too close together
35:32
Speaker 6: those two conversations.
35:34
Speaker 5: You're not bad for saying that.
35:35
Speaker 4: I feel like I am about to, in fact be
35:37
Speaker 4: the asshole, because I am at the stage in my
35:40
Speaker 4: life where several of my friends now have children, which
35:43
Speaker 4: I love and adore. I'm a big fan of kids,
35:45
Speaker 4: and when I was younger, I always thought I wanted children,
35:47
Speaker 4: And now I'm at a place where I have my
35:50
Speaker 4: career and my lifestyle and I don't necessarily know that
35:53
Speaker 4: that's something I want to have. And I don't think
35:55
Speaker 4: that's a problem any which way, whether I do, whether
35:57
Speaker 4: I don't, whether my friends do, with my friends don't.
35:59
Speaker 4: Everybody is welcome to live life the way that they want.
36:02
Speaker 4: Something that I have observed that is interesting, though, is
36:05
Speaker 4: I feel like a lot of the time things are
36:09
Speaker 4: catered to the people who have children, just socially. Whether
36:14
Speaker 4: it's when you're choosing where to go, it's got to
36:16
Speaker 4: be somewhere that's close to home, that is family friendly,
36:19
Speaker 4: that is da da da da da, or if you're
36:21
Speaker 4: going on holiday, like it needs to have certain things
36:24
Speaker 4: for the people who have children, which is all fine
36:26
Speaker 4: and well and good, but sometimes that means that there
36:29
Speaker 4: is a different financial element too. We might need a
36:32
Speaker 4: house with extra rooms because the kids have to have
36:34
Speaker 4: their own rooms. Sure, you know, things like that. And
36:37
Speaker 4: it's really interesting to me because I think you've chosen
36:40
Speaker 4: to have children, and I have at this point don't
36:43
Speaker 4: have children, and we're living our own lives and we're
36:45
Speaker 4: doing whatever. But there are points where you know there
36:49
Speaker 4: are benefits or there are things that are done in
36:52
Speaker 4: favor from my perspective, for the people who do have kids,
36:55
Speaker 4: And it's I mean, if it was an issue, I
36:57
Speaker 4: would raise it and I would bring it up. But
36:59
Speaker 4: it just is a very interesting observation because I think, yeah,
37:03
Speaker 4: like the benefit of not having kids is you're not
37:04
Speaker 4: paying for a whole extra expensive human being. But when
37:07
Speaker 4: you chose to have children, you knew that that would
37:10
Speaker 4: be the case. I think we spoke on an episode
37:13
Speaker 4: recently about you know how expensive pets are, and not
37:16
Speaker 4: to liken a child to a pet, but you're taking
37:20
Speaker 4: on a financial responsibility. Like we know there's a lot
37:22
Speaker 4: of data around how much money it takes to raise
37:25
Speaker 4: a child, particularly in the first twelve months of their life,
37:27
Speaker 4: it is just unbelievably expensive. And then you get to
37:30
Speaker 4: school and you kind of know that, for at the
37:32
Speaker 4: bare minimum, the next eighteen years, you have a significant
37:36
Speaker 4: financial responsibility in that child. And if you've chosen to
37:40
Speaker 4: take that on, I would assume that you understood that
37:42
Speaker 4: that might mean, you know, depending on whether or not
37:45
Speaker 4: a parent has gone back to work, depending on whether
37:48
Speaker 4: or not you know you have a side hustle or whatever,
37:51
Speaker 4: you might miss out on date night, or you might
37:52
Speaker 4: not get to go on holiday because of that financial
37:55
Speaker 4: burden that you have chosen to take on. You knew
37:58
Speaker 4: that that was coming when you got pregnant, And so
38:00
Speaker 4: I think it is a little bit shortsighted of her
38:04
Speaker 4: sister to be really offended. I understand how stressful being
38:10
Speaker 4: under financial pressure is, and I do not want to
38:11
Speaker 4: minimize what the sister is feeling, because I know that
38:14
Speaker 4: that is awful. But I do also think it is
38:17
Speaker 4: a little bit hypocritical of her to be mad because
38:20
Speaker 4: her sister chose to live a different lifestyle. Sure does
38:23
Speaker 4: that make sense. I'm trying to be tactful. I suppose
38:27
Speaker 4: I'm like I don't want to be a dick about it,
38:29
Speaker 4: but I do think that she made a choice and
38:31
Speaker 4: she's now living with the results of that choice. But
38:34
Speaker 4: it is very complicated.
38:36
Speaker 7: Yeah, I think the sister who's had the baby was
38:39
Speaker 7: probably just looking more to feel validated and supported and
38:43
Speaker 7: get a little bit of empathy in that situation. And
38:47
Speaker 7: then that's so true when she didn't receive that, it
38:49
Speaker 7: was probably more of a reaction to that, and it
38:53
Speaker 7: was less about her judging her sister for, you know,
38:57
Speaker 7: choosing to be child free. I don't think that's where
38:59
Speaker 7: like being sensitivity comment came from. I think it's more
39:03
Speaker 7: around that she didn't feel supported in that moment, and
39:06
Speaker 7: she probably just needed to hear yeah, wow, like that
39:09
Speaker 7: must be really hard. Maybe she was hoping someone would
39:12
Speaker 7: put their hand up and say, hey, would love to
39:14
Speaker 7: look after your baby one night a month, so you
39:16
Speaker 7: can have that date night.
39:19
Speaker 2: And I also think there's.
39:20
Speaker 7: Probably a splash of envy in there that her sister,
39:24
Speaker 7: who is choosing to be child free will be able
39:27
Speaker 7: to pursue a life that has some elements that she
39:30
Speaker 7: also feels like she wants but can't have at the moment.
39:34
Speaker 7: And maybe she will have those things further down the path,
39:37
Speaker 7: but for now it doesn't feel that way.
39:40
Speaker 2: I think one of the things I think.
39:42
Speaker 7: We really need to try not to do as a society,
39:45
Speaker 7: and it's easier said than done, is to make it
39:47
Speaker 7: like an US verse them conversation when it comes to
39:50
Speaker 7: having children real or not having children. I think there
39:53
Speaker 7: are already so many pressures on and it's always on women,
39:56
Speaker 7: like no matter what way you go, and that's even
40:00
Speaker 7: you've made the decision if you want to have children
40:03
Speaker 7: or not have children, Like there's that whole cluster fuck
40:06
Speaker 7: in the middle of like if, when, how? And I
40:10
Speaker 7: think there's so many ways that society is set up
40:12
Speaker 7: to like pit us against each other, And so I
40:15
Speaker 7: think when we're having these conversations when it comes to children,
40:17
Speaker 7: it's like, how can we just be more like supportive, understanding,
40:22
Speaker 7: open minded, and a little bit more accepting of the
40:26
Speaker 7: paths people have chosen. I also often think about the
40:29
Speaker 7: fact that it's like people assume if you don't have children,
40:33
Speaker 7: you're just automatically rich, and I wonder how that feels
40:36
Speaker 7: when you are someone who's chosen to be child free,
40:38
Speaker 7: but you also can't afford to travel, and you also
40:42
Speaker 7: can't afford.
40:43
Speaker 2: The date nights.
40:44
Speaker 7: So there's just there's so much to unpack, like even
40:48
Speaker 7: the mile asking when are you having kids?
40:50
Speaker 4: Like, let's not ask it feels inappropriate.
40:53
Speaker 7: Yeah, yeah, more like is a kid something you've thought about?
40:59
Speaker 1: You know?
40:59
Speaker 7: Is that's something yand But yeah, I think these are
41:03
Speaker 7: just deeply personal things that are very very nuanced. But
41:07
Speaker 7: I think if we can be like less like us,
41:12
Speaker 7: verse them and more as a collective women understanding that
41:16
Speaker 7: it's a super high pressure like societal expectation, like challenging
41:22
Speaker 7: time no matter what way you go, we could probably
41:24
Speaker 7: understand each other all a little bit better.
41:27
Speaker 5: Yeah, so true.
41:28
Speaker 4: I love that we did ask people a couple of
41:31
Speaker 4: really quick questions. So firstly, we said, do you have children?
41:34
Speaker 4: Thirty percent of people said yes, I do. Seventy percent
41:37
Speaker 4: people have said no, way do not.
41:38
Speaker 5: Interesting.
41:39
Speaker 4: Then we said, if yes, have you had to give
41:41
Speaker 4: up holidays, eating out, et cetera due to the increased
41:44
Speaker 4: financial costs of having children? Fifty eight percent of people
41:47
Speaker 4: said yes and forty two percent of people said no.
41:52
Speaker 4: Then we said, have you decided not to have children
41:55
Speaker 4: due to the costs associated with being a parent? Twenty
41:59
Speaker 4: percent of people said yes, forty six percent of people
42:02
Speaker 4: said no, and thirty four percent of people said I'm
42:05
Speaker 4: considering it. So if you combined the yes and that
42:07
Speaker 4: I'm considering it, it's fifty four percent of people are
42:11
Speaker 4: changing or considering changing their decisions based on the financial
42:14
Speaker 4: costs associated with parent wood. Lastly, we said if yes,
42:18
Speaker 4: have you felt any judgment from friends and family around
42:21
Speaker 4: this decision? And sixty five percent of people said unfortunately, yes,
42:25
Speaker 4: I have been wow, which is crazy, which I guess
42:28
Speaker 4: really goes back to what you were saying, Michelle, and
42:29
Speaker 4: going back to my example, because I feel like I
42:31
Speaker 4: didn't articulate it well. The observations that I've made were
42:36
Speaker 4: just observations I guess about the way that it works.
42:38
Speaker 4: But everybody is always so happy to accommodate for the parents,
42:42
Speaker 4: and I think that that is the important factor, because
42:46
Speaker 4: as you were talking, I was like, Oh, I feel
42:47
Speaker 4: like I really sounded like a bit of a bitter jerk.
42:51
Speaker 4: I don't know not what I intended for.
42:53
Speaker 2: I don't think so at all.
42:55
Speaker 7: I get it, like I think the default has always
42:58
Speaker 7: been that this is what's expected. You know, you have kids,
43:01
Speaker 7: you start a family, and the default probably is to
43:03
Speaker 7: accommodate for the people, yeah that have kids, And like,
43:08
Speaker 7: I delayed starting a family for so long, and I
43:10
Speaker 7: remember because of my career, and I remember feeling like
43:14
Speaker 7: this detachment from my friends that were doing that, like
43:18
Speaker 7: the West starting families, and I was starting to feel isolated.
43:21
Speaker 7: And I wish I'd thought like a little bit more
43:24
Speaker 7: about that at the time, but I think I was
43:26
Speaker 7: so in my head of like when, if how that
43:30
Speaker 7: I don't think I was very understanding or considerate of them,
43:33
Speaker 7: and they probably weren't that understanding or considerate of me either.
43:37
Speaker 7: I also think it's so interesting to think about like
43:39
Speaker 7: our generation. I'm not sure how old you guys are.
43:41
Speaker 7: I'm thirty two, and I feel like there'll be so
43:44
Speaker 7: many of us that are never grandparents because I think
43:48
Speaker 7: our children will choose not to have children, you know,
43:50
Speaker 7: And so I think it's really good for us to
43:53
Speaker 7: be super accepting of people that choose not to have
43:56
Speaker 7: children and understand that there is still so much like
44:00
Speaker 7: earth value, Like many of them work with children, many
44:03
Speaker 7: of them give to children, Like there's this weird thing
44:06
Speaker 7: where it's like you must hate children. Yeah, but that
44:09
Speaker 7: isn't it at all? And I think we all need
44:11
Speaker 7: to get very comfortable with that because like for our
44:14
Speaker 7: parents that expect to be grandparents, like they have some
44:18
Speaker 7: ownership on that. I don't want to be, you know,
44:21
Speaker 7: a fifty year old and putting pressure on my child
44:24
Speaker 7: about when they're going to have a baby. I don't
44:25
Speaker 7: feel like I'm entitled to ever be a grandparent. And
44:28
Speaker 7: so I just think it's something we all need to
44:30
Speaker 7: be like reading about, engaging in that content, supporting our
44:33
Speaker 7: friends who are choosing not to, who are choosing to.
44:37
Speaker 7: I think all paths are courageous and they require self
44:41
Speaker 7: awareness and a lot of thought.
44:43
Speaker 4: Yeah, that is such a perfect summary of it. And yeah,
44:46
Speaker 4: like if everyone just was more accepting and considerate of everybody,
44:50
Speaker 4: hopefully everyone would have a better time.
44:51
Speaker 5: Totally in general, I love that.
44:53
Speaker 4: What a great episode. Thank you Michelle so much for
44:56
Speaker 4: joining us. If people want to keep up with you
44:58
Speaker 4: and everything that you're doing, where can they find.
45:00
Speaker 7: Oh, you can buy me on Instagram Michelle Battersby. You
45:04
Speaker 7: can also find my business their sunroom dot. So that's
45:08
Speaker 7: basically it.
45:11
Speaker 6: Incredible avoid You're like, I don't want to see that's
45:15
Speaker 6: very different over there.
45:17
Speaker 4: If you are a creator looking to monetize what you're doing,
45:19
Speaker 4: Sunroom is an awesome option. It's such an incredible supportive community,
45:23
Speaker 4: as you were saying, of women and non binary people
45:25
Speaker 4: who are just creating their own, safe, incredible spaces on
45:28
Speaker 4: the Internet which we love to see. Thank you so
45:31
Speaker 4: much for joining us, everybody, and Victoria will see you
45:34
Speaker 4: Brandon early on Monday. From Money Darry, have a beautiful weekend.
45:37
Speaker 5: Bye guys.
45:37
Speaker 8: Bye. The advice shared on She's on the Money is
45:48
Speaker 8: general in nature and does not consider your individual circumstances.
45:52
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