Latest / She's On The Money / Every day I'm (side) hustlin'

Transcript

Every day I'm (side) hustlin' · She's On The Money

• 0:00
  Speaker 1: She's on the Money.
• 0:02
  Speaker 2: She's on the Money. Hello, and welcome to She's on
• 0:13
  Speaker 2: the Money, the podcast from millennials who want financial freedom.
• 0:16
  Speaker 2: Today's episode of the show is brought to you by myob,
• 0:19
  Speaker 2: a side hustle's best friend, but more on them later.
• 0:23
  Speaker 2: My name is Georgia King, a copywriter and TV assistant
• 0:26
  Speaker 2: with some savings but no idea what to do with them.
• 0:29
  Speaker 2: Just like last week and the one before that and
• 0:31
  Speaker 2: also the one before that, I am joined by Melbourne
• 0:34
  Speaker 2: Money with Miss Victoria Devine. Hello Victoria.
• 0:36
  Speaker 3: Hello.
• 0:37
  Speaker 2: Today's show is for the hustlers out there who have
• 0:39
  Speaker 2: side gigs on the go and want to know how
• 0:41
  Speaker 2: they can use their proactive side projects to accelerate their
• 0:44
  Speaker 2: savings and wealth. But first let's get into this week's
• 0:47
  Speaker 2: money wins and confessions. If it's all right with you,
• 0:50
  Speaker 2: I'll go first because I'm feeling a little bit guilty,
• 0:52
  Speaker 2: a little bit red face, because it happened, happened this week.
• 0:55
  Speaker 4: Go go go.
• 0:57
  Speaker 2: I got a Mikey, Fine, what do you do doing? Yeah?
• 1:00
  Speaker 2: I ran to the tram. I got onto the tram.
• 1:02
  Speaker 2: It was before seven am, and for some reason I
• 1:05
  Speaker 2: thought that it was free before seven am.
• 1:07
  Speaker 4: That's just the trains, though I didn't know that.
• 1:10
  Speaker 2: That's what the inspector said to me, so anyway, I
• 1:13
  Speaker 2: got whacked with it. I think it was two hundred
• 1:15
  Speaker 2: and eighty three dollar five.
• 1:16
  Speaker 4: Oh nasty.
• 1:17
  Speaker 2: Yeah, should have tapped on all right.
• 1:19
  Speaker 3: Well, that's a learning out there for everybody else who
• 1:21
  Speaker 3: thinks it's both trains for trams, It is, in fact
• 1:23
  Speaker 3: only trains.
• 1:24
  Speaker 1: How did you go go?
• 1:25
  Speaker 3: I went really well, I actually have a money win
• 1:27
  Speaker 3: for you this week. Je Who are you ready? Morgan
• 1:31
  Speaker 3: and I usually go to the gym we were with
• 1:33
  Speaker 3: f forty five and also had a separate Polarates membership,
• 1:36
  Speaker 3: which really expensive, so expensive, but we totally love what
• 1:40
  Speaker 3: we do and really liked doing that before work. Anyway,
• 1:43
  Speaker 3: we decided to go check out a new gym that
• 1:45
  Speaker 3: has opened in our area who oftens functional fitness classes
• 1:49
  Speaker 3: at exactly the same time as the forty five class
• 1:51
  Speaker 3: we were doing, and has a ripper reformer Polarts studio,
• 1:56
  Speaker 3: And we have now signed up and it's thirty dollars
• 1:58
  Speaker 3: a week compared.
• 1:59
  Speaker 4: To the dollars exactly. How good is that?
• 2:02
  Speaker 3: And we get our pilates and our forty five style
• 2:05
  Speaker 3: classes in the lucky. Yeah, less than so absolute money
• 2:09
  Speaker 3: win from us. Well done, girls, I am all about
• 2:12
  Speaker 3: it now.
• 2:12
  Speaker 2: As always, it's been a great week for this She's
• 2:15
  Speaker 2: on the money community with so many members coming forward
• 2:18
  Speaker 2: with their wins. Did anything stick out to you this
• 2:20
  Speaker 2: week as being particularly sparkly?
• 2:22
  Speaker 3: Yes and no, I have one from Jane. She actually
• 2:26
  Speaker 3: wrote in and said that she has a money loss
• 2:28
  Speaker 3: to share with us, and I thought that it was
• 2:30
  Speaker 3: worth sharing on here because apart from finding it slightly hilarious,
• 2:34
  Speaker 3: Sorry Jane, I also thought it was really fun to
• 2:37
  Speaker 3: share with the group. She said, I was inspired by
• 2:39
  Speaker 3: the podcast to think about a side hustle.
• 2:40
  Speaker 4: Yes, Jane go.
• 2:42
  Speaker 3: She said she didn't have any talents like music or arts,
• 2:44
  Speaker 3: so she responded to an ad for delivering junk mail.
• 2:47
  Speaker 3: It didn't say how much it was getting paid, and
• 2:49
  Speaker 3: it took her about ten hours over three evenings to
• 2:52
  Speaker 3: complete the letter. Drop and guess what she got paid
• 2:56
  Speaker 3: forty dollars and that is so hard labor. Whilst I'm
• 2:59
  Speaker 3: not she did post this in jest and said I
• 3:02
  Speaker 3: politely declined next week and said that it's probably not
• 3:05
  Speaker 3: for me.
• 3:06
  Speaker 4: She then said her hunt for our.
• 3:07
  Speaker 3: Side hustle is continuing, and I think that this is
• 3:11
  Speaker 3: kind of a funny money loss because it's not impacting
• 3:14
  Speaker 3: her too much, but also a really good learning shoes
• 3:17
  Speaker 3: last lesson that maybe if we're going to start a
• 3:19
  Speaker 3: side hustle, we should work out first.
• 3:21
  Speaker 4: How much we're gonna get paid.
• 3:22
  Speaker 2: Absolutely, Oh god.
• 3:24
  Speaker 4: Gee, have you got one for us?
• 3:25
  Speaker 2: So I had a little scroll and mine is from
• 3:28
  Speaker 2: lovely Lydia, who is sharing with us a money win.
• 3:32
  Speaker 2: She's written that every Sunday at the market, there's a
• 3:35
  Speaker 2: stall that lets you fill a box full of fruit
• 3:38
  Speaker 2: and veggies for fifteen dollars, so you can pack it
• 3:40
  Speaker 2: full of.
• 3:40
  Speaker 3: This, yes, and she uploaded the photo of the box.
• 3:42
  Speaker 3: Yeah and yeah, yeah it's massive.
• 3:44
  Speaker 4: Yeah.
• 3:45
  Speaker 2: So to make this food last because she does get
• 3:47
  Speaker 2: quite a bit, she freezes, marinates, or preserves where she
• 3:50
  Speaker 2: can to make the most of it.
• 3:52
  Speaker 3: So yes, fifteen dollars for a box full of fresh
• 3:55
  Speaker 3: fruit and vegetables is an absolute bargain.
• 3:57
  Speaker 2: So I am all about that, perfect way to start
• 3:59
  Speaker 2: your week.
• 4:00
  Speaker 4: That'szy.
• 4:01
  Speaker 2: Now it's into today's main chat. Side hustling. So many
• 4:05
  Speaker 2: people seem to have side gigs going on, be it
• 4:07
  Speaker 2: jewelry making, yoga, instructing, candle making, pet sitting, babysitting, dog walking,
• 4:13
  Speaker 2: instant influencing, podcasting, all the so many.
• 4:16
  Speaker 4: Things we get the gist.
• 4:18
  Speaker 2: Recent figures showed that more than one million Aussies have
• 4:21
  Speaker 2: their own side hustles in addition to their usual full
• 4:24
  Speaker 2: time jobs vib Why do you think we're seeing such
• 4:26
  Speaker 2: a rise in side hustles at the moment?
• 4:28
  Speaker 3: I think we're in a position where we all have
• 4:31
  Speaker 3: so much more opportunity because we are able to see
• 4:33
  Speaker 3: the opportunities that other people are uptaking. Before the rise
• 4:37
  Speaker 3: of social media, I don't think that there was the
• 4:39
  Speaker 3: clarity around what we are actually capable of and seeing
• 4:42
  Speaker 3: other people do things and thinking, ah, I could do that,
• 4:45
  Speaker 3: that doesn't seem so hard, or I could you know,
• 4:47
  Speaker 3: pet sit?
• 4:48
  Speaker 4: And I also think.
• 4:49
  Speaker 3: That it's a lot easier to have a side hustle
• 4:51
  Speaker 3: because we're able to connect far easier now than we
• 4:54
  Speaker 3: could ever before. So things like uber pet sitting, selling candles,
• 4:57
  Speaker 3: online babysitting are all increase because we have those online
• 5:01
  Speaker 3: platforms that actually connect us to the people who need
• 5:03
  Speaker 3: those services, Whereas previously it would be about posting an
• 5:07
  Speaker 3: ad in the paper and hoping someone saw it. I'm
• 5:09
  Speaker 3: actually really excited about this topic because we recently did
• 5:13
  Speaker 3: their She's on the Money community survey. We had twenty
• 5:16
  Speaker 3: seven hundred responses and ge it turns out that twenty
• 5:20
  Speaker 3: percent of all She's on the Money community members that
• 5:22
  Speaker 3: responded have a side hustle.
• 5:24
  Speaker 2: What other reasons would you say, Like, maybe rising costs
• 5:27
  Speaker 2: of living would be a good example of.
• 5:29
  Speaker 3: Yeah, I think rising cost of living is a really
• 5:31
  Speaker 3: good one. Actually, g people need that extra bit of income,
• 5:34
  Speaker 3: especially when we are living in a city. It is
• 5:37
  Speaker 3: so expensive rent, if you've got a mortgage on top
• 5:40
  Speaker 3: of rent, if you are grocery shopping, it is so much.
• 5:43
  Speaker 4: More expensive than it used to be.
• 5:45
  Speaker 3: And side hustling is a really good way to bring
• 5:47
  Speaker 3: in that extra income and support yourself financially through a
• 5:52
  Speaker 3: time that maybe you aren't able to.
• 5:54
  Speaker 4: Support yourself to the capacity you would want to.
• 5:56
  Speaker 3: And in saying that, I also think it's a really
• 5:58
  Speaker 3: good way for people to tell out a job that
• 6:01
  Speaker 3: they potentially might like but don't want to commit full
• 6:05
  Speaker 3: time to jumping over to another full time job. So
• 6:07
  Speaker 3: side hustling gives you that experience.
• 6:10
  Speaker 4: Without the risk associated.
• 6:11
  Speaker 2: Obviously be it will vary from hustle to hustle, But
• 6:15
  Speaker 2: for those considering starting a little side business, what things
• 6:18
  Speaker 2: would you say they need to be mindful of before
• 6:20
  Speaker 2: diving right on in there?
• 6:21
  Speaker 4: There's a fair few things.
• 6:23
  Speaker 3: I mean, I think side hustle is a really exciting
• 6:25
  Speaker 3: thing to start, But the first thing that I'd want
• 6:27
  Speaker 3: you to consider is your work life balance. Is this
• 6:30
  Speaker 3: side hustle going to take over all your free time?
• 6:33
  Speaker 3: And if it is, is that something you want to
• 6:36
  Speaker 3: actually happen. Can you actually fit this in with full
• 6:38
  Speaker 3: time work? Is that going to impact your capacity to
• 6:41
  Speaker 3: perform at your full time job? And is it going
• 6:44
  Speaker 3: to impact your capacity to hang out with your friends
• 6:47
  Speaker 3: or see your partner or go and see your family.
• 6:50
  Speaker 3: So I think these things need to be taken into
• 6:51
  Speaker 3: consideration before you do that. But on the flip side
• 6:54
  Speaker 3: of that, that's often why people are starting side hustles.
• 6:57
  Speaker 4: It's to provide more for their.
• 6:59
  Speaker 3: Families, see the friends more, and actually have something that
• 7:02
  Speaker 3: they really like in their lives. I also think it's
• 7:04
  Speaker 3: really important to work out why you're doing it, Like,
• 7:07
  Speaker 3: what's the reason are you doing this for additional income?
• 7:10
  Speaker 3: If so, maybe pick a side hustle that's more aligned
• 7:13
  Speaker 3: to that additional income, or are you really passionate about
• 7:17
  Speaker 3: candle making like you mentioned before, G I think if
• 7:20
  Speaker 3: you think that that's a really beautiful thing and you
• 7:22
  Speaker 3: could commercialize it in a way that people are going
• 7:25
  Speaker 3: to purchase your product, and you are really passionate about it,
• 7:28
  Speaker 3: like where is your drive coming from and what does
• 7:30
  Speaker 3: that actually look like for your future business? Because if
• 7:34
  Speaker 3: your intention with a side hustle is to start it
• 7:36
  Speaker 3: for additional revenue, maybe an all organic soy candle business
• 7:41
  Speaker 3: that only users pure essential oils is not the best
• 7:44
  Speaker 3: way to make money if you don't want to put
• 7:47
  Speaker 3: the time and energy into branding and marketing that because
• 7:49
  Speaker 3: obviously the cost of those materials is far higher than
• 7:52
  Speaker 3: the cost of doing something else. So I think it's
• 7:54
  Speaker 3: about just working out why you're doing what you're doing
• 7:57
  Speaker 3: and then to overlay that. You guys have a million times,
• 8:01
  Speaker 3: but does it align to your values? Is this something
• 8:03
  Speaker 3: that you actually want to do over the long term,
• 8:06
  Speaker 3: and are you going to sustain it?
• 8:07
  Speaker 2: For me doing my side hustle of this podcast and
• 8:11
  Speaker 2: my copywriting as a freelancer, it's important that the work
• 8:15
  Speaker 2: really aligns with my values and contributing creatively in the
• 8:19
  Speaker 2: media space is very important to me. That's what I'm
• 8:22
  Speaker 2: quite passionate about. So I hope she's on the money also,
• 8:26
  Speaker 2: that's a big part of it. Yeah, Ensuring that those
• 8:28
  Speaker 2: values align means that you're not going to get seven
• 8:31
  Speaker 2: weeks into your little side hustle and then loose all steam,
• 8:34
  Speaker 2: you know, and then feel deflated in yourself as well.
• 8:36
  Speaker 3: I also think it's really important to point out here
• 8:40
  Speaker 3: if you start a side hustle, it doesn't have to
• 8:42
  Speaker 3: be the thing that overtakes your full time job. I
• 8:44
  Speaker 3: think in this age of the entrepreneur, you're in a
• 8:47
  Speaker 3: position where often people say, I've started this side hustle,
• 8:50
  Speaker 3: and there's this expectation that you're going to grow this
• 8:53
  Speaker 3: side hustle to a size that it can overtake your
• 8:56
  Speaker 3: full time job. I don't think that that should be it.
• 8:59
  Speaker 3: I think we should be celebrating that people are bringing
• 9:02
  Speaker 3: in additional revenue, and if your side hustle turns into
• 9:05
  Speaker 3: a big business, amazing, fantastic, I'm so excited for you.
• 9:09
  Speaker 3: But often people who do side hustles do it because
• 9:12
  Speaker 3: they're supplementing a full time income. So that they can
• 9:14
  Speaker 3: create a lifestyle for themselves, and that's amazing.
• 9:17
  Speaker 2: So we've got lots of stuff now to consider before
• 9:19
  Speaker 2: we dive in to our side hustle. But what about
• 9:22
  Speaker 2: people that have already started their side hustles. Maybe it's
• 9:25
  Speaker 2: not going that well. How do they reinvigorate their hustle?
• 9:28
  Speaker 4: I think that's a really good question, gee, because I
• 9:30
  Speaker 4: think a.
• 9:31
  Speaker 3: Lot of people start side hustles and maybe don't structure
• 9:34
  Speaker 3: it properly. I know a lot of people often start
• 9:37
  Speaker 3: a side hustle with the one bank account, so they
• 9:39
  Speaker 3: don't separate their side hustle income from their regular income,
• 9:43
  Speaker 3: so they start spending it, but they haven't taken into
• 9:45
  Speaker 3: consideration any tax consequences or potential fees that they need
• 9:50
  Speaker 3: to pay, so they don't really separate it out and
• 9:52
  Speaker 3: budget it. So I think the important thing here is
• 9:55
  Speaker 3: separate finances. Put the money from a side hustle into
• 9:58
  Speaker 3: a separate bank account. Easy to set up a bank
• 10:01
  Speaker 3: account and potentially get a debit card for that as well,
• 10:05
  Speaker 3: because then you can put all your transactions in one account.
• 10:07
  Speaker 3: So if you're paying for subscriptions or you know, a
• 10:10
  Speaker 3: male Chimp subscription, you can put that on there and
• 10:13
  Speaker 3: at least have a really clean account that has all
• 10:16
  Speaker 3: of your income, all of your expenses, and all your
• 10:19
  Speaker 3: transactions in one place, and make the most of your time.
• 10:22
  Speaker 3: How long a task taking you? Like, what are you
• 10:25
  Speaker 3: doing that you could cut time down on? Are there
• 10:28
  Speaker 3: things that you could outsource as well?
• 10:30
  Speaker 4: It's like, if you're.
• 10:31
  Speaker 3: Doing something and it's taking you ten hours, is there
• 10:34
  Speaker 3: someone that would do that task in one hour that
• 10:37
  Speaker 3: you could pay fifty dollars to to do that task?
• 10:40
  Speaker 3: That then means you have ten free hours to generate
• 10:43
  Speaker 3: revenue in your business. So I think we need to
• 10:46
  Speaker 3: sometimes spend a little bit of money to make some money,
• 10:48
  Speaker 3: but we really need to put a little bit of
• 10:50
  Speaker 3: strategy and thaw into those decisions before we make them,
• 10:54
  Speaker 3: not just go oh, I'm going to outsource it, because
• 10:56
  Speaker 3: that's what good businesses do. It's like, all right, well,
• 10:59
  Speaker 3: if you outsource this and you're going to incur this
• 11:01
  Speaker 3: cost of fifty or one hundred dollars, how are you
• 11:04
  Speaker 3: going to make that back? What does that look like?
• 11:06
  Speaker 3: Because to be honest, sometimes it's just worth doing it yourself.
• 11:10
  Speaker 2: They're really good points. Victoria, and I guess speaking with
• 11:13
  Speaker 2: a lot of my friends who do have the side
• 11:15
  Speaker 2: hustle going on, they find it hard to value their skills.
• 11:19
  Speaker 2: So establishing what you're worth and what people are willing
• 11:22
  Speaker 2: to pay for that, how do you figure that out?
• 11:23
  Speaker 3: Stop undervaluing yourself. So many people are doing this. They
• 11:28
  Speaker 3: are under charging clients for the work they're doing, or
• 11:31
  Speaker 3: they're charging clients what the work is worth, but putting
• 11:34
  Speaker 3: too many hours into it and not reassessing those goals
• 11:37
  Speaker 3: and having a chat with them about hey, is this
• 11:39
  Speaker 3: taking me ten more hours? I'm going to need to
• 11:41
  Speaker 3: up my prices or I'm going to need to invoice
• 11:44
  Speaker 3: you for this. And I think it is totally fair
• 11:46
  Speaker 3: and reasonable to go back to a client and say, hey,
• 11:49
  Speaker 3: I did more work on this than I needed to,
• 11:51
  Speaker 3: or just make sure that you're really valuing the piece
• 11:54
  Speaker 3: of work before you even start. So have a think
• 11:56
  Speaker 3: about it. Is this going to take me five hours?
• 11:58
  Speaker 3: Is it going to take me ten hours? What does
• 12:00
  Speaker 3: that look like? But I think putting a value on
• 12:02
  Speaker 3: your work is very very hard, and it's something I
• 12:05
  Speaker 3: even struggle with. But I think it's a conversation to
• 12:08
  Speaker 3: have with your friends as well.
• 12:10
  Speaker 2: I find as well a lot of my friends because
• 12:13
  Speaker 2: they're kind of starting out, people will come to them
• 12:15
  Speaker 2: and be like, oh, can I have a discount? Like
• 12:17
  Speaker 2: kind of family, friends or people that are kind of
• 12:19
  Speaker 2: connected to them. How do you say no to that?
• 12:21
  Speaker 2: I know it really grinds their gears.
• 12:23
  Speaker 3: If your friend has a side hustle and is breaking
• 12:27
  Speaker 3: their back doing a whole heap of work to try
• 12:30
  Speaker 3: and supplement their income, it's a bit disrespectful to ask
• 12:34
  Speaker 3: them for a discount. If you want to support your
• 12:36
  Speaker 3: friends who have a side hustle, support them by going
• 12:38
  Speaker 3: and buying their product full price. Support them by going
• 12:42
  Speaker 3: and showing them that you believe in their product and
• 12:44
  Speaker 3: you are promoting them.
• 12:45
  Speaker 2: So what about when you're putting a price on your work?
• 12:49
  Speaker 2: How do you know how high to go and how
• 12:50
  Speaker 2: low to go? I know if you go too low,
• 12:53
  Speaker 2: people will think it's cheap and they won't value your
• 12:56
  Speaker 2: work for what it's worth. How do you find that medium?
• 13:00
  Speaker 3: That's such a behavioral psychology thing, And I'm glad you
• 13:03
  Speaker 3: brought it up. Putting a value on your work is
• 13:05
  Speaker 3: really important. We all go through the stage where we
• 13:07
  Speaker 3: need to prove ourselves, and you do some work that
• 13:09
  Speaker 3: is potentially undervalued. But once you get through that initial phase,
• 13:13
  Speaker 3: I think putting yourself in a position where you go, no,
• 13:16
  Speaker 3: the work that I do is good and it needs
• 13:17
  Speaker 3: to be valued means that you're going to find your people.
• 13:20
  Speaker 3: You're going to find the people who believe in the
• 13:22
  Speaker 3: value that you have and they are able to reciprocate that.
• 13:26
  Speaker 4: So you create the.
• 13:27
  Speaker 3: Community of people that you want instead of having a
• 13:30
  Speaker 3: community of people that just don't see your value. So
• 13:33
  Speaker 3: I think it's really important to also pick the people
• 13:36
  Speaker 3: that you're marketing to. It's important to pick the people
• 13:39
  Speaker 3: that you are trying to get to engage with your product.
• 13:42
  Speaker 4: What do they look like? How does that work?
• 13:44
  Speaker 3: You know, if you want to be a dog walker
• 13:46
  Speaker 3: and you want to charge a premium, well, what type
• 13:49
  Speaker 3: of person are you looking for and what is that
• 13:52
  Speaker 3: service that they would expect in return? Because I'm telling
• 13:54
  Speaker 3: you right now, it's more than the cheaper dog walkers.
• 13:57
  Speaker 3: So where is that value going to come from? And
• 14:00
  Speaker 3: how do you help them to see that? Now?
• 14:02
  Speaker 2: VI we touched on GSD before, made my skin crawl
• 14:05
  Speaker 2: feeling a little bit sick about it because I don't understand.
• 14:08
  Speaker 2: Can you talk to me from it. Talk to me
• 14:11
  Speaker 2: about tax and what we need to consider.
• 14:13
  Speaker 1: Do we need ABMs?
• 14:14
  Speaker 2: What else do I need? Tell me the things? Wise, lady,
• 14:17
  Speaker 2: all right, Wise, lady G.
• 14:20
  Speaker 3: I know you probably don't want to hear this, but
• 14:23
  Speaker 3: if you've got a side hustle, you do have to
• 14:25
  Speaker 3: be paying tax. And yeah, I'm sorry. A side hustle
• 14:28
  Speaker 3: is actually an activity where you are generating business income,
• 14:32
  Speaker 3: so you do need to pay tax on this.
• 14:36
  Speaker 2: Do you need to be earning a certain amount to
• 14:38
  Speaker 2: have to pay tax? How does that work technically? But
• 14:40
  Speaker 2: all your business income actually needs to be declared to
• 14:42
  Speaker 2: the ATO. Whether you end up paying tax or not
• 14:45
  Speaker 2: is a different story based on how much revenue you're
• 14:47
  Speaker 2: generating in addition to your full time job. But I'm
• 14:51
  Speaker 2: going to preface this conversation really quickly with that I'm
• 14:55
  Speaker 2: not a tax professional, I'm not an accountant, but I
• 14:58
  Speaker 2: do know that you need to be declaring all your
• 15:01
  Speaker 2: income and that means registering your business as soon as
• 15:04
  Speaker 2: you start it with the ATO and making sure that's
• 15:07
  Speaker 2: all up and running. And one thing I would say
• 15:10
  Speaker 2: is do your research work out how much money you
• 15:12
  Speaker 2: need to be putting aside for tax, because the worst
• 15:15
  Speaker 2: thing that can happen is you start a side hustle
• 15:17
  Speaker 2: and you're like, sweet, I've got all this additional money
• 15:20
  Speaker 2: coming in, start living your best life. And then comes
• 15:23
  Speaker 2: June thirty, which, by.
• 15:25
  Speaker 4: The way, is my birthday.
• 15:26
  Speaker 3: Great day, let's try change the perception. But I think
• 15:30
  Speaker 3: it's really important to then not get stung at tax
• 15:32
  Speaker 3: time with a big tax bill that you no longer
• 15:35
  Speaker 3: have that cash to pay.
• 15:36
  Speaker 2: So vee, does this tie into the separate bank accounts thing?
• 15:39
  Speaker 2: Is that going to make this easier? Because yeah, it's
• 15:40
  Speaker 2: going to bum it on the microphone.
• 15:42
  Speaker 4: Sorry, you are being incredibly dramatic.
• 15:44
  Speaker 3: For this episode. You are absolutely correct. It does make
• 15:48
  Speaker 3: everything clearer. Having a bank account that just has a
• 15:51
  Speaker 3: list of your expenses and a list of your income.
• 15:54
  Speaker 3: It's going to mean that you know what you need
• 15:56
  Speaker 3: to be taking out for tax and reserving. And you
• 15:58
  Speaker 3: could potentially have a separate bank account where you put
• 16:01
  Speaker 3: the money that you're putting aside for tax once you
• 16:04
  Speaker 3: work out how much tax you need to be paying
• 16:06
  Speaker 3: each year.
• 16:07
  Speaker 2: Are you free after this because I'm going to need that.
• 16:11
  Speaker 4: I am.
• 16:11
  Speaker 2: If you like a coffee, please here for it. And
• 16:19
  Speaker 2: now a quick chat about the sponsors of today's Sad
• 16:21
  Speaker 2: Hustland show. Myob, as I mentioned at the top of
• 16:25
  Speaker 2: the pod, Nyob is a sad hustling stream. To put
• 16:28
  Speaker 2: it simply, yob take care of the boring bits of
• 16:31
  Speaker 2: business like accounting and expense tracking. No offense of course,
• 16:35
  Speaker 2: to the lovely accountants out there listening, so that you
• 16:37
  Speaker 2: can focus on the parts of your venture that you're
• 16:39
  Speaker 2: the most passionate about.
• 16:40
  Speaker 3: Moyob's cloud based accounting software makes managing your business easier.
• 16:45
  Speaker 3: You can access your accounts with moyob anywhere, anytime.
• 16:48
  Speaker 4: Plus, with great apps.
• 16:49
  Speaker 3: Like receipt Capture, you can spend more time running your
• 16:52
  Speaker 3: business instead of on the books or crying into your
• 16:54
  Speaker 3: coffee because you've made a mess of the book work
• 16:56
  Speaker 3: by doing it the old fashioned way.
• 16:58
  Speaker 2: Don't want to be crying into our coffeev That would
• 17:00
  Speaker 2: be a waste of a last Another great perk that
• 17:04
  Speaker 2: thousands of ouzzy businesses are already loving is that moyob
• 17:07
  Speaker 2: help out with the tedious process of invoicing, allowing you
• 17:11
  Speaker 2: to easily keep track of sales and expenses with just
• 17:13
  Speaker 2: the click of a button.
• 17:14
  Speaker 3: We've only really just scratched the surface of the many
• 17:17
  Speaker 3: capabilities of the platform today g so to find out
• 17:20
  Speaker 3: more about how moyob can help with your side hustle,
• 17:23
  Speaker 3: visit moyob dot.
• 17:24
  Speaker 2: Com and make sure you check your inbox for this
• 17:27
  Speaker 2: week's She's on the Money newsletter, where you'll find a
• 17:29
  Speaker 2: special offer from moyob that will help you smash your
• 17:33
  Speaker 2: twenty twenty business goals. I bet, just for a moment there,
• 17:36
  Speaker 2: you thought I was going to introduce the listener question.
• 17:38
  Speaker 2: Alas that's not happening this week. We're not always that predictable, guys.
• 17:43
  Speaker 2: Instead of our listener question and our money diary, Victoria
• 17:46
  Speaker 2: sat down to chat side hustles with a friend. You
• 17:48
  Speaker 2: may already be familiar with, the fabulous Emma from the
• 17:50
  Speaker 2: Broke Generation.
• 17:51
  Speaker 4: Where'd you start? Why?
• 17:53
  Speaker 1: When? Where?
• 17:53
  Speaker 4: How?
• 17:55
  Speaker 1: Okay?
• 17:55
  Speaker 5: I've kind of always been a bit of a side
• 17:57
  Speaker 5: hustler way back of like high school and UNI. I
• 18:01
  Speaker 5: would sort of sell my clothes on eBay and stuff
• 18:05
  Speaker 5: because eBay in the UK is like quite lucrative. Then
• 18:08
  Speaker 5: it kind of progressed into me having quite a good
• 18:11
  Speaker 5: eye for things that would sell really well, sort of
• 18:13
  Speaker 5: back before there was online shopping, which makes me sound
• 18:15
  Speaker 5: one hundred years old there was kind of a bit
• 18:17
  Speaker 5: of a culture of if something was seen on the
• 18:19
  Speaker 5: very early iterations of bloggers or in like Cosmopology and magazine,
• 18:23
  Speaker 5: it would sell out really quickly. So I would kind
• 18:25
  Speaker 5: of have a good eye for what those things were
• 18:27
  Speaker 5: and then buy them and then sell them on eBay
• 18:29
  Speaker 5: when people would pay like double for them. Very I
• 18:31
  Speaker 5: kind of wish I pursued that, but I didn't. You
• 18:35
  Speaker 5: had been like a designer buyer ip me. But then
• 18:41
  Speaker 5: I kind of stopped start tustling for a while and
• 18:43
  Speaker 5: then got really back into it when I moved to
• 18:45
  Speaker 5: Australia when I was twenty two, so five years ago,
• 18:47
  Speaker 5: and I started doing freelance writing just purely kind of
• 18:52
  Speaker 5: started because I needed to get a full time job
• 18:54
  Speaker 5: and I just needed to kind of get some connections
• 18:56
  Speaker 5: with some agencies. So I started freelancing there and then
• 18:59
  Speaker 5: got jobs from that and kind of dipped in and
• 19:01
  Speaker 5: out of freelancing, and that was like my main side hustle.
• 19:03
  Speaker 5: So I would write website copy, blog copy, that type
• 19:06
  Speaker 5: of thing, and then now I've moved more into obviously
• 19:09
  Speaker 5: half the blog. A couple of years ago, I started
• 19:12
  Speaker 5: doing cat sitting, so I go to homes, good to
• 19:16
  Speaker 5: the homes, feed their cats.
• 19:17
  Speaker 1: While there on holiday.
• 19:18
  Speaker 4: I'm all for it.
• 19:19
  Speaker 3: I did so wish I'd known that that could have
• 19:21
  Speaker 3: been a job for me before I started doing money.
• 19:24
  Speaker 1: But so great.
• 19:25
  Speaker 5: One of the best clients in the world because they
• 19:27
  Speaker 5: can't speak. And then I also sell secondhand clothes on
• 19:33
  Speaker 5: my Instagram account called midsized Thrift so for mid size
• 19:36
  Speaker 5: gals size like twelve to sixteen. So I find stuff
• 19:38
  Speaker 5: in markets and thrift shops.
• 19:40
  Speaker 3: Yeah, and you blog about that too, right about going
• 19:43
  Speaker 3: to the op shops and picking up things and like
• 19:45
  Speaker 3: what around Melbourne is a good place to pick up
• 19:48
  Speaker 3: a bug in?
• 19:49
  Speaker 4: Right? Yes, amazing?
• 19:50
  Speaker 1: I love it.
• 19:51
  Speaker 3: Can you tell me a little bit more about how
• 19:53
  Speaker 3: you got into freelancing? So, but like where did you start?
• 19:56
  Speaker 3: Did you advertise online? How did you find your first
• 19:58
  Speaker 3: clients to freelance too?
• 20:00
  Speaker 5: I've pretty much got where I am because of sending
• 20:02
  Speaker 5: a shitload of cold emails, also using platforms like it
• 20:06
  Speaker 5: used to be called oDesk but now it's called upwork.
• 20:09
  Speaker 5: Oh yeah, get a copyright dot com. So I've been
• 20:11
  Speaker 5: sort of blogging and contributing to really early iterations of
• 20:15
  Speaker 5: blogs and online magazines I suppose, which was obviously unpaid
• 20:19
  Speaker 5: kind of online internships type thing. And then from there
• 20:21
  Speaker 5: I started getting some paid work through platforms like upwork
• 20:24
  Speaker 5: and things like that. The income started really really low,
• 20:26
  Speaker 5: like twenty dollars a month.
• 20:28
  Speaker 3: Yeah, we were speaking before this interview and you were saying,
• 20:30
  Speaker 3: you always have to start low because you've got to
• 20:32
  Speaker 3: prove yourself.
• 20:34
  Speaker 4: But like, what does that journey look like.
• 20:36
  Speaker 5: Yeah, it's a really difficult journey because at the beginning,
• 20:38
  Speaker 5: even though I don't believe anybody should work unpaid, unfortunately
• 20:41
  Speaker 5: we live in a world where you have to do
• 20:43
  Speaker 5: things to get opportunities. So if you can do stuff
• 20:46
  Speaker 5: for free or for very little money, it does help
• 20:48
  Speaker 5: you build up a portfolio. You have to start really low,
• 20:51
  Speaker 5: and then at that point when you are starting to charge,
• 20:53
  Speaker 5: you kind of want to go lobal because you want
• 20:56
  Speaker 5: the work. Especially if it's like a client that you
• 20:58
  Speaker 5: really really want to work with, you are going to
• 21:00
  Speaker 5: go low so that you get it, especially.
• 21:02
  Speaker 3: If you want that sitting on your portfolio so you
• 21:04
  Speaker 3: can say you worked with them.
• 21:05
  Speaker 1: Right exactly.
• 21:06
  Speaker 5: So it's really balancing the value that they're giving to
• 21:08
  Speaker 5: you that isn't money. So if it's a big client
• 21:11
  Speaker 5: and they've mentioned possibly future work, or you think there
• 21:13
  Speaker 5: could be referral opportunities, or it's really really what you
• 21:16
  Speaker 5: want and you know you're going to be able to
• 21:17
  Speaker 5: leverage it to get other work, then going low. I
• 21:19
  Speaker 5: would still go low now if I had the right opportunity,
• 21:22
  Speaker 5: and I've been doing this for like eight nine years.
• 21:24
  Speaker 5: The difficult part is when you get good at what
• 21:27
  Speaker 5: you're doing and you can charge more, but you are
• 21:30
  Speaker 5: scared to charge more because you're scared that the work
• 21:31
  Speaker 5: will go away. But it doesn't happen all that often,
• 21:34
  Speaker 5: and you do need to know you're worth because ultimately
• 21:36
  Speaker 5: your time gets more expensive as you get more experienced.
• 21:39
  Speaker 5: So even if you're thinking, oh, well, I might as
• 21:41
  Speaker 5: well do it for two hundred bucks because I'd rather
• 21:44
  Speaker 5: do it for two hundred than not to do it
• 21:45
  Speaker 5: for four hundred, Yeah, you need to be quite self
• 21:47
  Speaker 5: aware of when that stops being true.
• 21:49
  Speaker 3: Personally, when I'm increasing my prices in my business because
• 21:53
  Speaker 3: I know that what I'm putting on the table is
• 21:54
  Speaker 3: now more valuable. It's very easy with new clients because
• 21:57
  Speaker 3: you give them a clean quote and they go, well.
• 22:00
  Speaker 4: That makes sense.
• 22:01
  Speaker 3: How have you renegotiated payment terms with clients who got
• 22:05
  Speaker 3: you at that start point where they were paying you
• 22:08
  Speaker 3: twenty dollars an article and now you're worth seventy five
• 22:10
  Speaker 3: dollars an hour, Like what does that journey look like?
• 22:13
  Speaker 5: Yeah, that was a really difficult aspect of it. I've
• 22:15
  Speaker 5: recently had to do it for my pet sitting clients
• 22:18
  Speaker 5: because again I went in really lobal because you're entering
• 22:21
  Speaker 5: somebody's home when they're not there. Don't trust you stuff, right, Yeah,
• 22:26
  Speaker 5: So I just had to raise my rates for that,
• 22:28
  Speaker 5: and it was because of you know, public transport goes
• 22:30
  Speaker 5: up every year. Petrol's ridiculous. At the moment my car
• 22:34
  Speaker 5: is being used more, the rate has to go up,
• 22:36
  Speaker 5: and I think it's you've got to be really careful
• 22:38
  Speaker 5: that you explain. I kind of drafted the message out
• 22:41
  Speaker 5: to my fur families, as I call them, and it
• 22:43
  Speaker 5: was like, I'm really sorrychel's gone up and I hope
• 22:46
  Speaker 5: you understand. And I was just like, don't be don't
• 22:48
  Speaker 5: apologize absolutely, because it's unrealistic for I mean, look at
• 22:51
  Speaker 5: metro Metro gets more expensive every year. Like, no, if
• 22:56
  Speaker 5: you bought the same kind of soup from the supermarket
• 22:58
  Speaker 5: every year it would go up because that's what so
• 23:01
  Speaker 5: I haven't raised my rates for them since the very beginning,
• 23:03
  Speaker 5: which was two and a half years ago, and you
• 23:06
  Speaker 5: just have to go in and say that it's factual
• 23:08
  Speaker 5: and again price it. So some of my clients are
• 23:11
  Speaker 5: on preferential rates because.
• 23:12
  Speaker 4: They still want to work with them don't want.
• 23:14
  Speaker 1: To work with then they're really near my house.
• 23:16
  Speaker 5: With things like that, it's quite easy to balance what's
• 23:17
  Speaker 5: valuable because if they live far away, it's more petrol,
• 23:19
  Speaker 5: it cost you more. So there are some that are
• 23:21
  Speaker 5: on rates, and yeah, balance whether or not you want
• 23:23
  Speaker 5: to raise the rate or whether you want to offer
• 23:25
  Speaker 5: them a preferential rate. If you have, tell them that
• 23:27
  Speaker 5: you have, then they see that there's value and that
• 23:31
  Speaker 5: you value them. It's really just communication and being okay
• 23:35
  Speaker 5: to walk away if they say no, if they kick
• 23:37
  Speaker 5: up a fuss and you go, okay, we'll just keep
• 23:39
  Speaker 5: it out wads, that rate's never going up because you've
• 23:42
  Speaker 5: just completely relinquished all your power.
• 23:44
  Speaker 3: And it sounds as though this whole side hustling inside
• 23:47
  Speaker 3: business area is a lot harder than people make it
• 23:50
  Speaker 3: out to be. Would that be true in your case?
• 23:54
  Speaker 5: Yeah, it's definitely harder than it seems because people see
• 23:57
  Speaker 5: on the surface like, oh, wow, you come home and
• 23:59
  Speaker 5: you get paid seventy five dollars an hour, not every
• 24:02
  Speaker 5: hour I'm working in space, even my dollars an hour,
• 24:04
  Speaker 5: because sometimes it's pet sitting, which is obviously way cheaper
• 24:06
  Speaker 5: than that. Sometimes it's selling clothes online, which is no
• 24:08
  Speaker 5: money until I've sold the item, and I have to
• 24:10
  Speaker 5: physically invest in product, which is a whole other ball
• 24:12
  Speaker 5: game which I wasn't really prepared for. Got to also
• 24:14
  Speaker 5: charge enough to cover your costs of how much it
• 24:17
  Speaker 5: takes to maintain it. And you can get lazy in
• 24:19
  Speaker 5: the beginning because you're not making loads of money that
• 24:22
  Speaker 5: you kind of think, oh, it's just really small. I
• 24:23
  Speaker 5: won't you know, do proper invoicing, or won't pay for
• 24:25
  Speaker 5: an accounting software or an accountant.
• 24:27
  Speaker 1: But it's worth doing.
• 24:29
  Speaker 5: Even though it feels counterproductive at the time because maybe
• 24:32
  Speaker 5: it costs more than you're making, it's definitely worth it
• 24:34
  Speaker 5: because you're leveling up and you're preparing to scale. And
• 24:37
  Speaker 5: I think as a trap people fall into with a
• 24:38
  Speaker 5: side hustle, they think that it's always just going to
• 24:40
  Speaker 5: be a bit of extra coffee money, but it doesn't
• 24:42
  Speaker 5: have to be you can earn the same in your
• 24:43
  Speaker 5: side hustle as you make in your full time job.
• 24:45
  Speaker 3: Yeah, absolutely, And I love that you're saying you can
• 24:48
  Speaker 3: make the same as your full time job in a
• 24:50
  Speaker 3: side hustle. You didn't say you can make enough to
• 24:53
  Speaker 3: quit your full time job. So I'd love to know
• 24:56
  Speaker 3: a little bit about your opinion of side hustling turning
• 24:59
  Speaker 3: into full time work or potentially not turning into full
• 25:02
  Speaker 3: time work, Like how do you view a side hustle,
• 25:04
  Speaker 3: Like where does that fit into your life?
• 25:06
  Speaker 5: I wrote a blog recently called why don't have to
• 25:08
  Speaker 5: work for yourself to be successful? I think that the
• 25:10
  Speaker 5: side hustle culture has really fallen into the trap of
• 25:13
  Speaker 5: it being kind of a bridge between you know, hustling
• 25:17
  Speaker 5: working really hard and staying up till midnight and listening
• 25:19
  Speaker 5: Tony Robbins at five thirty in the morning. But eventually
• 25:22
  Speaker 5: it's not a culture to that drinking coffee with butter
• 25:25
  Speaker 5: in and oh.
• 25:26
  Speaker 4: Yeah, no wi we say, sitting here without Alma and lat.
• 25:32
  Speaker 5: Yeah, there's a real culture of the hustle being really
• 25:35
  Speaker 5: hard at the time, but eventually it will be over
• 25:37
  Speaker 5: because you'll be working for yourself.
• 25:38
  Speaker 1: And you'll be your own man and that kind of thing.
• 25:41
  Speaker 5: But I think what people forget is that if everybody
• 25:43
  Speaker 5: did that, we wouldn't have a developed economy because if
• 25:45
  Speaker 5: everyone was just working for themselves, it wouldn't work the
• 25:48
  Speaker 5: same way.
• 25:48
  Speaker 3: Yeah, and I don't think that that's aligned to a
• 25:50
  Speaker 3: lot of people's values. And like, no one's going to
• 25:52
  Speaker 3: be surprised that I'm going to say that values are
• 25:55
  Speaker 3: really important here. But I think that if you are
• 25:58
  Speaker 3: really happy in a full time job, there's absolutely no
• 26:01
  Speaker 3: pressure on you to go and get a side hustle
• 26:04
  Speaker 3: or get a job or start your own business that
• 26:07
  Speaker 3: is outside of what you're doing. You can be a passionate, enthusiastic,
• 26:12
  Speaker 3: well rounded person without being a business owner.
• 26:15
  Speaker 5: Employment is very demonized at the moment when actually, if
• 26:21
  Speaker 5: you have a full time job and a side hustle,
• 26:23
  Speaker 5: you can afford to take real big swings in your
• 26:25
  Speaker 5: side hustle because you're not relying on the income to
• 26:26
  Speaker 5: pay atual you rent. Absolutely So, Yeah, I've just spent
• 26:29
  Speaker 5: four thousand dollars on a new website for a blog
• 26:31
  Speaker 5: that doesn't make any money, which, guys, is By the way,
• 26:35
  Speaker 5: I'm pretty happy with it. I wouldn't be if I
• 26:37
  Speaker 5: was doing my side hustle full time. I wouldn't be
• 26:39
  Speaker 5: in a position to make that kind of investment because
• 26:41
  Speaker 5: it's pretty much every dollar I've made from all four
• 26:43
  Speaker 5: side hustles in the last few months gone straight back in.
• 26:45
  Speaker 5: Whereas because my job pays my bills, I can take
• 26:49
  Speaker 5: bigger swings and I can grow more, and you get
• 26:53
  Speaker 5: to take loads of risks and make massive mistakes while
• 26:56
  Speaker 5: someone else is looking after your bills being paid.
• 26:59
  Speaker 3: I think that there is a lack of clarity on
• 27:02
  Speaker 3: what it actually means to have a side hustle because
• 27:04
  Speaker 3: Instagram and Facebook and this whole internet community make it
• 27:08
  Speaker 3: seem really glossy and shiny and a little bit sexy.
• 27:12
  Speaker 3: So I think that there is just this perception that
• 27:15
  Speaker 3: side hustling is really cool, and it obviously is, like
• 27:19
  Speaker 3: we're here, but it is one of those things that
• 27:21
  Speaker 3: you should be doing it, like what is your side hustle?
• 27:24
  Speaker 3: And I just think that pressure can sometimes be really unnecessary.
• 27:27
  Speaker 5: Yeah, and the pressure to make loads of money from
• 27:31
  Speaker 5: it right away. If you go into it just to
• 27:33
  Speaker 5: make extra money, probably isn't going to last. I think
• 27:35
  Speaker 5: you need to see it as a long term thing
• 27:36
  Speaker 5: and kind of be serendipitous with it, because I'm not
• 27:39
  Speaker 5: sitting here. I don't want people to come at me
• 27:41
  Speaker 5: in two years and be like, you're doing your side
• 27:42
  Speaker 5: hustle full time and you said you never would. Because
• 27:45
  Speaker 5: I'm not saying I never would.
• 27:46
  Speaker 4: It don't come at me because it was good.
• 27:49
  Speaker 5: Yeah, I'm not saying it will never go full time,
• 27:51
  Speaker 5: and I might, but that's not why I did it.
• 27:54
  Speaker 1: I didn't do it as an escape.
• 27:55
  Speaker 5: Route from my full time job. Yeah, it works in
• 27:58
  Speaker 5: tandem with that.
• 28:00
  Speaker 3: And something I love about you and what you talk
• 28:02
  Speaker 3: about on your blog is not necessarily what you make,
• 28:05
  Speaker 3: it's actually how you use it. And you mentioned just
• 28:08
  Speaker 3: before that people are going into side hustles to make money,
• 28:13
  Speaker 3: and that's obviously a reason that we pick it up,
• 28:15
  Speaker 3: But like, why should people get side hustles? So if
• 28:17
  Speaker 3: I was starting today and I was saying, Emma, what
• 28:20
  Speaker 3: do I do?
• 28:20
  Speaker 4: How do I do it? Why should I start our
• 28:22
  Speaker 4: side hustle, what would you.
• 28:23
  Speaker 5: Say, can you make money from something that you love doing?
• 28:27
  Speaker 5: Because obviously yes, don't go in just to make money
• 28:29
  Speaker 5: because they don't start out very lucrative.
• 28:31
  Speaker 4: I mean, I love cats.
• 28:31
  Speaker 3: If you just told me that, I can there you
• 28:33
  Speaker 3: go from so I'm here for this, please tell me
• 28:36
  Speaker 3: your secret.
• 28:36
  Speaker 5: Then you've got to look for things that you love
• 28:38
  Speaker 5: and then gaps in the market that you can fill.
• 28:41
  Speaker 5: That said, there doesn't have to be a gap in
• 28:42
  Speaker 5: the market. I think a lot of people shy away
• 28:44
  Speaker 5: from side hustles because everything's already been done. But that
• 28:47
  Speaker 5: isn't Yes, okay, if you're going to go and say
• 28:49
  Speaker 5: your side hustle's going to be a fashion blog, I'd
• 28:51
  Speaker 5: say the market's are tiny bit saturated. Yeah, but just
• 28:54
  Speaker 5: because obviously there's already cat sitters. If I've done a
• 28:56
  Speaker 5: quick Google search, oh there's cat setches in my area,
• 28:57
  Speaker 5: I can't do it.
• 28:58
  Speaker 1: Then yeah, I wouldn't.
• 29:00
  Speaker 4: Be yourself out of an opportunity.
• 29:02
  Speaker 5: Give yourself a chance to try and test it out
• 29:05
  Speaker 5: and see if people take it up again, send loads
• 29:08
  Speaker 5: of cold emails, or advertise on Facebook. You can, you know,
• 29:12
  Speaker 5: do Facebook adds really cheap now. But I think a
• 29:15
  Speaker 5: really good way to start a side house is set aside,
• 29:17
  Speaker 5: whether it's one hundred bucks, five hundred bucks, a thousand bucks,
• 29:20
  Speaker 5: and say that that's your like startup money, and be
• 29:24
  Speaker 5: okay with losing that if it doesn't go anywhere.
• 29:27
  Speaker 4: But it's an investment, right, it could swing either way.
• 29:29
  Speaker 5: Yes, So to make sure that you don't go down
• 29:32
  Speaker 5: the rabbit hole of plugging away money at something that
• 29:34
  Speaker 5: isn't going to turn into a lucrative sidehussle. Yes, set
• 29:36
  Speaker 5: aside some money that you're okay with spending on that
• 29:39
  Speaker 5: and just try different things. I got into petsitting using
• 29:42
  Speaker 5: an app called Porshake a bit like I was saying
• 29:43
  Speaker 5: about the writing, there's so many websites and apps now
• 29:46
  Speaker 5: that are literally designed to help you make money. Know,
• 29:49
  Speaker 5: you shouldn't stay on them forever because they take big
• 29:51
  Speaker 5: fees and they need to make money too, so be
• 29:54
  Speaker 5: smart about it. But it can help you, like I said,
• 29:56
  Speaker 5: get experience. So I was on Porshake for about a
• 30:00
  Speaker 5: months and then I came off of their.
• 30:02
  Speaker 4: Platforms do take a lot more than you think they.
• 30:04
  Speaker 5: Take, right, they do, But I mean in the case
• 30:07
  Speaker 5: of Pulshake, they were also paying my insurance, and my
• 30:10
  Speaker 5: insurance was almost a thousand dollars a year, So before
• 30:12
  Speaker 5: I had clients, I wasn't in a position to pay
• 30:14
  Speaker 5: for that, So take it with a grain of salts.
• 30:17
  Speaker 5: Quite often they're taking care of something that you would
• 30:19
  Speaker 5: have to. I mean, I don't doubt they're oh petitors
• 30:21
  Speaker 5: that don't have insurance, but yeah.
• 30:23
  Speaker 3: And I think, I think if you're doing something like
• 30:26
  Speaker 3: going into other people's homes, I just want that security.
• 30:29
  Speaker 3: And not even as a client, but if I was
• 30:31
  Speaker 3: doing that, I'd want the security to know that I
• 30:34
  Speaker 3: was safe doing that and that I wouldn't ruin anything
• 30:37
  Speaker 3: that couldn't be fixed, and I would end up in
• 30:39
  Speaker 3: a whole heap of debt because that's absolutely counterproductive to
• 30:42
  Speaker 3: the reason you were there in the first place, right exactly,
• 30:45
  Speaker 3: So if I said to you, am I really want
• 30:46
  Speaker 3: to start a side hustle, and I know what I
• 30:49
  Speaker 3: want to do, Let's say I want to be a
• 30:51
  Speaker 3: dog sitter?
• 30:53
  Speaker 4: What steps do I need to take? Like where should
• 30:55
  Speaker 4: I be going?
• 30:56
  Speaker 5: First of all, I'd start treating it like it makes
• 30:59
  Speaker 5: a lot more than it does. So set up a
• 31:03
  Speaker 5: spreadsheet track your expenses because things like that type of
• 31:08
  Speaker 5: side hustle do incur a lot of expenses. There's obviously kilometers.
• 31:12
  Speaker 5: Get savvy with tax. People forget tax on their side hustle.
• 31:16
  Speaker 5: But it's also not taxed high. I get this a lot.
• 31:19
  Speaker 5: Oh it's not worth me getting a second job because
• 31:21
  Speaker 5: it's tax so high.
• 31:22
  Speaker 4: But they don't take a home.
• 31:23
  Speaker 1: It's no more tax.
• 31:25
  Speaker 4: It's the same amount of tax that you already pay
• 31:27
  Speaker 4: at your marginal rate.
• 31:28
  Speaker 1: Right likely.
• 31:29
  Speaker 5: And then also think about the brand and the marketing
• 31:33
  Speaker 5: of it. You need people need to know about you,
• 31:35
  Speaker 5: and depending on what type of side hustle it is,
• 31:37
  Speaker 5: but we'll use the dog sitting example. They need to
• 31:39
  Speaker 5: think about what they need from you. So do they
• 31:41
  Speaker 5: need experience? Do they need to trust you? Do they
• 31:43
  Speaker 5: need all of the above? Do they want you to
• 31:45
  Speaker 5: be a female? I mean I think I get a
• 31:47
  Speaker 5: lot of work because I'm a female. People wouldn't necessarily
• 31:49
  Speaker 5: want a man coming into their home if they live alone.
• 31:53
  Speaker 5: So yeah, think about what they need from you. So
• 31:56
  Speaker 5: my cat sitting business including name and my suburb names,
• 32:01
  Speaker 5: so people knew I was female, and then they knew
• 32:04
  Speaker 5: exactly the areas that I would service. Obviously, you need
• 32:07
  Speaker 5: to be a bit smart bout business names in case
• 32:08
  Speaker 5: they're taken or if you want to trade. But that's
• 32:11
  Speaker 5: that's you know, that's not really the super early stages.
• 32:14
  Speaker 5: You were not going to trade market on day one necessarily,
• 32:16
  Speaker 5: and then you really want to think about the actual brand.
• 32:19
  Speaker 5: You might think that just because it's your small dog
• 32:20
  Speaker 5: walking business, it doesn't need a brand. But using photography
• 32:23
  Speaker 5: and consistent colors and fonts, you can do loads of
• 32:26
  Speaker 5: things on really free tools like Canva.
• 32:28
  Speaker 3: Now, oh I love can Yeah, I started most of
• 32:31
  Speaker 3: the shoes on the Money staff just using Canva.
• 32:33
  Speaker 4: They have so many good templates.
• 32:35
  Speaker 3: Yeah, it doesn't have to cost you a lot to
• 32:37
  Speaker 3: start a business and make it look professionally marketed.
• 32:39
  Speaker 5: Right exactly, And then eventually you'll kind of graduate to
• 32:43
  Speaker 5: more page tools like Photoshop and things.
• 32:46
  Speaker 1: You can start off.
• 32:46
  Speaker 5: Really low cost and get your assets and get everything
• 32:49
  Speaker 5: kind of like well rounded, don't leave any holes. You
• 32:52
  Speaker 5: might want to make booking forms or anything like that
• 32:55
  Speaker 5: that can help kind of legitimize the offering because you
• 32:57
  Speaker 5: don't want it to look like it's your first day
• 33:00
  Speaker 5: doing it. And yeah, just kind of locked down that
• 33:02
  Speaker 5: messaging as though it's a global business. And then if
• 33:06
  Speaker 5: you one day are a global business, you're ready.
• 33:07
  Speaker 1: To be Yes.
• 33:08
  Speaker 4: Absolutely.
• 33:09
  Speaker 3: Too many times do I see people shooting themselves in
• 33:11
  Speaker 3: the foot because they've structured their business in a way
• 33:15
  Speaker 3: that they aren't ready to scale. And when we say scale,
• 33:19
  Speaker 3: we're not talking about going from earning one hundred dollars
• 33:22
  Speaker 3: extra income each week to six million. We're not talking
• 33:25
  Speaker 3: about that scale. We're just talking about, you know, really
• 33:27
  Speaker 3: ramping up the costs. Because when you have a business
• 33:29
  Speaker 3: that is generating you forty or fifty thousand dollars a year,
• 33:32
  Speaker 3: you do have accounting fees, you do have things that
• 33:35
  Speaker 3: you need to pay, like tax in not GST yet,
• 33:38
  Speaker 3: but tax, and at some point in the near future
• 33:41
  Speaker 3: you'll need to pay GST on that money. And I
• 33:43
  Speaker 3: think being able to pay that is really important. And
• 33:46
  Speaker 3: if you're taking half of it in cash and not
• 33:48
  Speaker 3: declaring it, you're making it really messy for yourself.
• 33:50
  Speaker 1: Yeah.
• 33:51
  Speaker 5: Absolutely, other kind of tips on starting up. A big
• 33:53
  Speaker 5: thing I like to do is try and find someone
• 33:55
  Speaker 5: who's already doing it really well and go for a
• 33:57
  Speaker 5: coffee with them. Some people were network Some people you
• 34:01
  Speaker 5: might think, oh, why would they give me tips because
• 34:03
  Speaker 5: it's competition, But if they're a good person, they won't
• 34:04
  Speaker 5: see it was competition.
• 34:06
  Speaker 4: Hundred percent.
• 34:07
  Speaker 3: I think that there is so much room in this
• 34:09
  Speaker 3: industry and this country in general for everybody, but also
• 34:14
  Speaker 3: on a more behavioral psychology level, people love talking about themselves.
• 34:19
  Speaker 3: And if you reach out to someone and say, hey, Emma,
• 34:21
  Speaker 3: I would love to grab a coffee with you, it's
• 34:23
  Speaker 3: my shout. I just really want to ask you a
• 34:24
  Speaker 3: couple of questions about how you've become so amazing. It's
• 34:28
  Speaker 3: very likely that that person is going to feel complimented
• 34:31
  Speaker 3: by that and want to create a relationship with you.
• 34:35
  Speaker 3: And you know, some people are too busy, so don't
• 34:37
  Speaker 3: be offended if they say no, or some people might
• 34:40
  Speaker 3: just not want to engage in that. But the worst
• 34:42
  Speaker 3: thing someone can say is no, So it's always worth
• 34:45
  Speaker 3: your time to be like, hey, I'd love to grab
• 34:46
  Speaker 3: a coffee with you, And if they say no, no
• 34:48
  Speaker 3: harm done. You're still in this position where you were
• 34:51
  Speaker 3: really lovely and reached out to someone for a coffee,
• 34:53
  Speaker 3: and that's that's something I would love people to do.
• 34:56
  Speaker 5: Yeah, exactly. You can get a lot from them, and
• 34:58
  Speaker 5: in terms of just on the spot, get information from
• 35:00
  Speaker 5: them and tips and you know, words of warning or
• 35:03
  Speaker 5: where to get the best insurance or really tangible stuff
• 35:05
  Speaker 5: like that. Or it might be a referral down the line.
• 35:08
  Speaker 5: If you meet up with an established dogsitter, she might
• 35:11
  Speaker 5: in two weeks say, oh, I'm actually going away, can
• 35:13
  Speaker 5: you do one of my bookings for me? And then
• 35:15
  Speaker 5: it kind of spirals from there. I think people really
• 35:17
  Speaker 5: underestimate the value of networking in inverted commons. I guess
• 35:20
  Speaker 5: the last tip as well is something I really like
• 35:22
  Speaker 5: to do is it kind of starts with setting up
• 35:25
  Speaker 5: those marketing assets and stuff. But do taking those steps
• 35:28
  Speaker 5: really helps you prove to yourself that you're going to
• 35:30
  Speaker 5: do it. A lot of people say to me like, oh,
• 35:32
  Speaker 5: I've tried to start a blog so many times and
• 35:33
  Speaker 5: I just haven't written the post or whatever. I wrote
• 35:36
  Speaker 5: thirty five blog posts before I put my blog live,
• 35:39
  Speaker 5: because I put fifteen up and then I scheduled the
• 35:41
  Speaker 5: others one a week for the rest of the weeks,
• 35:43
  Speaker 5: so that if I got lazy, or I got busy,
• 35:45
  Speaker 5: or I got sick, it would take care of itself.
• 35:47
  Speaker 5: And it also before I spend any money on hosting
• 35:51
  Speaker 5: and domains and all that stuff, proved I had content,
• 35:54
  Speaker 5: proved I was bothered enough to do it, prove that
• 35:57
  Speaker 5: I actually had the time to do it. So anything
• 36:00
  Speaker 5: that you can do to prove to yourself that you're
• 36:03
  Speaker 5: going to do it before you actually spend the money
• 36:05
  Speaker 5: and put the effort into start doing it.
• 36:07
  Speaker 1: Is really valuable.
• 36:08
  Speaker 3: Emma, what good is a money podcast without having some
• 36:12
  Speaker 3: pervy stuff. I would absolutely love to ask you a
• 36:16
  Speaker 3: little bit more about how much you earn doing these
• 36:18
  Speaker 3: side hustles spoken you know, in roundabout ways of like
• 36:22
  Speaker 3: you can add this and you have to pay tax,
• 36:24
  Speaker 3: So tell me, like, how much are you making from
• 36:26
  Speaker 3: your side hustles and is it worth it?
• 36:29
  Speaker 5: So I will break it down from pet sitting. Pet
• 36:34
  Speaker 5: sitting really is my extra splurg money. It's not a
• 36:36
  Speaker 5: lot of money. I'm not saying it's the most lucrative
• 36:39
  Speaker 5: industry in the world. And I don't charge a load
• 36:41
  Speaker 5: for it because I do really love it and it's
• 36:44
  Speaker 5: very simple. It's at a place now where it kind
• 36:46
  Speaker 5: of looks after itself. I've got regular clients and they
• 36:47
  Speaker 5: go on holiday all the time, so I'm not really advertising.
• 36:52
  Speaker 5: So from that, I probably may three or four thousand
• 36:56
  Speaker 5: dollars a year. It's not a lot, but.
• 36:59
  Speaker 4: That is still a lot of money that you didn't.
• 37:01
  Speaker 1: Have before exactly.
• 37:02
  Speaker 5: And it's also in dead time, Like the hour before work,
• 37:05
  Speaker 5: if I go and feed three cats, I've made sixty.
• 37:07
  Speaker 1: Dollars before breakfast. Yeah, amazing, obviously before tax and expenses.
• 37:11
  Speaker 5: The online thrift store has been a bit of a
• 37:12
  Speaker 5: journey because I originally built it out as part of
• 37:14
  Speaker 5: the break generation and.
• 37:16
  Speaker 3: Oh yeah, and then you broke it off and kind
• 37:17
  Speaker 3: of made it extra Instagram.
• 37:19
  Speaker 5: Yeah, because I felt a bit weird about it was
• 37:22
  Speaker 5: kind of triggering people to buy things. As much as
• 37:24
  Speaker 5: I think thrifting is really great and so we're all
• 37:26
  Speaker 5: good money saving activity, I also was like kind of
• 37:28
  Speaker 5: going against my own belief. There's a lot of dissonance
• 37:31
  Speaker 5: there because yeah, I was kind of shoving things that
• 37:33
  Speaker 5: people wanted in their faces when I didn't want them
• 37:35
  Speaker 5: to spend any money. So I separated it so that
• 37:38
  Speaker 5: if you do want to buy clothes and you want
• 37:39
  Speaker 5: to buy the second hand, you can go and find that.
• 37:42
  Speaker 1: Yeah.
• 37:43
  Speaker 5: Since I split it off in sort of October, so
• 37:45
  Speaker 5: what four months ago, I've probably made about.
• 37:50
  Speaker 1: Fifteen hundred two thousand.
• 37:52
  Speaker 5: That's pretty good, not bad considering it's getting paid to shop.
• 37:56
  Speaker 3: Absolutely, and it's something that you said before you loved
• 37:58
  Speaker 3: doing it.
• 37:59
  Speaker 1: I loved doing it.
• 38:00
  Speaker 5: I don't spend a lot of time on it because
• 38:02
  Speaker 5: it is a case of do a collection, put it up,
• 38:03
  Speaker 5: post it, and then I won't touch it until I
• 38:06
  Speaker 5: do another one. The freelance writings where it's really grown
• 38:08
  Speaker 5: the most. Like I said back in the beginning, sort
• 38:11
  Speaker 5: of five six, seven years ago, when I first started charging,
• 38:14
  Speaker 5: I was getting paid twenty to forty dollars per piece.
• 38:18
  Speaker 5: Now I'm charging sixty five to seventy five dollars an hour,
• 38:21
  Speaker 5: and I've been making with those types of activities between
• 38:25
  Speaker 5: eight and ten thousand a year before tax on top
• 38:28
  Speaker 5: of my salary.
• 38:29
  Speaker 1: This year I.
• 38:31
  Speaker 5: Should be set to double it, so I should okay,
• 38:34
  Speaker 5: which I'm pretty excited about if it carries on. I'm
• 38:36
  Speaker 5: so I'm at ten already and it's only jammed, so
• 38:39
  Speaker 5: there's still six months.
• 38:40
  Speaker 4: Yes, incredible. Yeah, so it's a great Thanks you so
• 38:44
  Speaker 4: much to add.
• 38:45
  Speaker 5: Yeah, it's really nice to see it growing, because I
• 38:47
  Speaker 5: did get a little bit deflated. You do plato in career,
• 38:51
  Speaker 5: and inside puzzles, you plata in your experience, so i'd
• 38:54
  Speaker 5: sort of was making like eight nine For the last
• 38:57
  Speaker 5: couple of years, i'vecurred the same thing and then there's expense,
• 39:00
  Speaker 5: and it's all a bit kind of like, oh am
• 39:01
  Speaker 5: I growing. I've sort of that my account must be
• 39:04
  Speaker 5: laughing at me because it's not going anywhere. Absolutely not,
• 39:08
  Speaker 5: but no, it has grown this year, which is great.
• 39:11
  Speaker 5: And then with the blog, because it's such a similar
• 39:13
  Speaker 5: discipline to the freelance writing. I guess some things may
• 39:16
  Speaker 5: have eventuated from having the blog, but they're ultimately freelance writing,
• 39:19
  Speaker 5: so they've gone in that twenty thousand pot. I have
• 39:21
  Speaker 5: done a couple of I have done a couple of
• 39:24
  Speaker 5: ads on the break generation, but obviously I'm very careful
• 39:28
  Speaker 5: because it's quite a specific industry, is also highly regulated industry,
• 39:31
  Speaker 5: so it's not like I'm batting away teeth whitening.
• 39:33
  Speaker 1: With a stick.
• 39:35
  Speaker 4: So challenging.
• 39:36
  Speaker 5: It's very challenging, and I obviously only want to promote
• 39:39
  Speaker 5: things that I.
• 39:40
  Speaker 4: Really believe in and actually used.
• 39:42
  Speaker 5: I know everybody says that, but it, particularly with banking,
• 39:44
  Speaker 5: it's really difficult. I have had opportunities that I've turned
• 39:47
  Speaker 5: down because I just don't think that it's a good
• 39:49
  Speaker 5: thing to promote. Anything I have promoted I do genuinely
• 39:52
  Speaker 5: think is worth promoting, and it is a message I
• 39:54
  Speaker 5: want to spread. But yeah, we're talking, you know, around
• 39:57
  Speaker 5: the one to two thousand mark. Yeah, overall for you know,
• 40:00
  Speaker 5: eighteen months of content. It's not the most lucrative one
• 40:03
  Speaker 5: of the books, but it's a personal branding thing.
• 40:05
  Speaker 3: So yeah, absolutely, that's amazing. Thank you so much for
• 40:08
  Speaker 3: sharing that with us. Everybody likes to get a little
• 40:11
  Speaker 3: bit pervy and go, yeah, but what do you know.
• 40:13
  Speaker 1: People love that you're.
• 40:14
  Speaker 3: Working on something that you're really passionate about. Would you
• 40:17
  Speaker 3: say that all of this side hustle and extra income
• 40:20
  Speaker 3: is worth it?
• 40:20
  Speaker 1: Yes.
• 40:22
  Speaker 5: Actually, one of my goals for the year was her
• 40:26
  Speaker 5: goal setting was to chuin in mortar when I'm tired
• 40:31
  Speaker 5: and overworked, and not when other people are telling me
• 40:33
  Speaker 5: that I am.
• 40:34
  Speaker 3: That is such a struggle, Like you've said that and
• 40:36
  Speaker 3: we've both got this smirk on our face. I think
• 40:39
  Speaker 3: that both of us have potentially been told a lot
• 40:42
  Speaker 3: like oh, you must be so tie and it's like,
• 40:44
  Speaker 3: I'm not tired.
• 40:44
  Speaker 4: I'll show you tired.
• 40:45
  Speaker 1: Yeah.
• 40:46
  Speaker 5: It's a really interesting one that because yeah, I am
• 40:50
  Speaker 5: working a lot, and I filmed like a day in
• 40:51
  Speaker 5: the life on my Instagram just because I wantn't to
• 40:54
  Speaker 5: be that kind of.
• 40:54
  Speaker 4: Person and it's so fun.
• 40:56
  Speaker 1: It's funny. Do you want people love it?
• 40:59
  Speaker 5: But yeah, I was sort of up at six and
• 41:01
  Speaker 5: I was doing some emails and I didn't get nasty comments,
• 41:05
  Speaker 5: but they were quite confronting because people were obviously a
• 41:07
  Speaker 5: bit spiky about that, and they're like, why are doing
• 41:09
  Speaker 5: emails at six I am, And I'm like, well, I
• 41:11
  Speaker 5: work eight thirty to six, So when else am I
• 41:13
  Speaker 5: going to do that? I think I get energy form
• 41:15
  Speaker 5: my side hustle. I'm very empowered and I feel strong
• 41:18
  Speaker 5: and excited and like buzzed for everything else I do
• 41:21
  Speaker 5: in my life when I'm doing my side hustles. So
• 41:24
  Speaker 5: don't stop doing them just because someone else thinks you're
• 41:26
  Speaker 5: burnt out, because you'll know if you're burnt out. I
• 41:28
  Speaker 5: know what burnt out feels like.
• 41:29
  Speaker 3: So a lot of people don't realize they're burnt out
• 41:32
  Speaker 3: until they are burnt out. What are you doing to
• 41:34
  Speaker 3: check in with yourself to make sure that you are
• 41:37
  Speaker 3: still okay and not tired? Because it can be exhausting
• 41:40
  Speaker 3: in itself being told by people that you're tired. But
• 41:43
  Speaker 3: how do you identify that you need a little break?
• 41:46
  Speaker 5: Yeah, it is difficult to identify besides, you know, I
• 41:49
  Speaker 5: fainted at work or something, then you're probably pretty tired.
• 41:52
  Speaker 3: Maybe don't let it get that far.
• 41:55
  Speaker 4: So how do you check in before then?
• 41:57
  Speaker 5: Yeah, exactly. I kind of judge it by my mood.
• 42:00
  Speaker 5: I'm generally quite sort of upbeat, chatty kind of person.
• 42:05
  Speaker 5: So if I'm finding myself getting really snappy with people,
• 42:08
  Speaker 5: I know I'm burnt out, or I have PMT who
• 42:11
  Speaker 5: knows or the same we both need to sleep, Or
• 42:15
  Speaker 5: if I'm finding myself not wanting to do the thing,
• 42:19
  Speaker 5: whether it's you know, do Instagram content, or if I
• 42:24
  Speaker 5: often I'll have no ideas. Quite often, like what I
• 42:27
  Speaker 5: post on stories, people always go, how do you know
• 42:29
  Speaker 5: what to post? And I'm like, I don't even think
• 42:30
  Speaker 5: about it. It just it's like a stream.
• 42:32
  Speaker 3: Of copat it out into an Insta story and here
• 42:37
  Speaker 3: we are.
• 42:38
  Speaker 5: So if I've got no ideas, I know I'm burnt out,
• 42:41
  Speaker 5: and you'll you'll have specific cues that you'll probably know
• 42:44
  Speaker 5: from your own personality. It helps if you really know
• 42:46
  Speaker 5: yourself quite well to know when something is off. It
• 42:49
  Speaker 5: might be the way you're communicating, it might be the
• 42:50
  Speaker 5: way you feel. It's not literal tiredness, because often when
• 42:53
  Speaker 5: you're on a high, you won't feel tiredness even if
• 42:55
  Speaker 5: you're exhausted. So try and pick up on other cues
• 42:58
  Speaker 5: or ask a partner or a friend and if they
• 43:00
  Speaker 5: ever noticed when you're a bit different and actually call
• 43:02
  Speaker 5: you out on that, and it might be a good
• 43:04
  Speaker 5: indicator that you're doing too much.
• 43:05
  Speaker 3: I love that, and I think it's really important to
• 43:07
  Speaker 3: point out here that just because you have a side
• 43:09
  Speaker 3: hustle doesn't mean you have to be this like hustle personality.
• 43:13
  Speaker 3: Like you can take a nap, you can step back
• 43:15
  Speaker 3: and say, Okay, I'm going to do what's best for me,
• 43:17
  Speaker 3: and at the end of the day, doing a side hustle,
• 43:20
  Speaker 3: regardless of your passion or regardless of the reason you're
• 43:23
  Speaker 3: doing it, it's actually to increase the way you live life.
• 43:27
  Speaker 4: It's to add value to.
• 43:29
  Speaker 3: Your life, either through the content you're creating or the
• 43:33
  Speaker 3: activity that you're doing, or through the money that you
• 43:35
  Speaker 3: get to go on another holiday, or you know, be
• 43:38
  Speaker 3: able to afford something that you weren't able to afford before,
• 43:42
  Speaker 3: or pay off more of your mortgage. Like however you're
• 43:44
  Speaker 3: using that, I think you need to step back and go,
• 43:46
  Speaker 3: Is this worth it? And am I giving myself enough
• 43:48
  Speaker 3: space to be happy and be present? And if you're not,
• 43:51
  Speaker 3: maybe have a think about it.
• 43:53
  Speaker 4: So I love that. Yeah, thank you so much for
• 43:55
  Speaker 4: sharing it.
• 43:59
  Speaker 2: That is all we have time for on our Side
• 44:01
  Speaker 2: Hustle podcast today. But before we head off, let's wrap
• 44:04
  Speaker 2: the boring but important stuff. The advice shared on Shees
• 44:07
  Speaker 2: on the Money is general in nature and does not
• 44:09
  Speaker 2: consider your individual circumstances.
• 44:12
  Speaker 4: She's on the.
• 44:12
  Speaker 2: Money exists purely for educational purposes and should not be
• 44:15
  Speaker 2: relied upon to make an investment or financial decision. And
• 44:19
  Speaker 2: fear not, We promise. Victoria Divine is an authorized representative
• 44:23
  Speaker 2: of Consultant Financial Advisors Proprietary Limited ABN sixty five double
• 44:27
  Speaker 2: zero six three seven three double nine to five AFOSL
• 44:31
  Speaker 2: two three zero three two three.
• 44:33
  Speaker 3: We would so love it if you all joined us
• 44:35
  Speaker 3: in our Facebook group, where our community shares tips and
• 44:37
  Speaker 3: tricks every single day, free of judgment. Just search She's
• 44:41
  Speaker 3: on the Money on Facebook and join us. If Facebook's
• 44:43
  Speaker 3: not your thing, you can also find.
• 44:45
  Speaker 4: Us on Instagram.
• 44:45
  Speaker 3: We're it Shees on the Money AUS.
• 44:47
  Speaker 2: Happy hustling guys, See you next week