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Is a Guarantor on a Property Loan a Smart Move? Plus, When Using Your Super Early Makes Sense · She's On The Money

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Speaker 1: My name's Sasha Bamblet. I'm a proud First Nations woman
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Speaker 1: and I'm here to acknowledge country t Glenn Young Ganya, Niana,
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Speaker 1: Kaka yah y and beIN Ahaka Nian our gay In Mbini,
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Speaker 1: yakarum Jar Dominyamiga Umagahawakaman damon Imlan Bumba ban Gadabomba in
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Speaker 1: and now in wakah ghan On yak rum Jar water Nadaa. Hello,
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Speaker 1: beautiful friends, we gather on the lands of the Aboriginal people.
0:26
Speaker 1: We thank acknowledge and respect the Abiginal people's land that
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Speaker 1: we're gathering on today. Take pleasure in all the land
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Speaker 1: and respect all that you see. She's on the Money
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Speaker 1: podcast acknowledges culture, country, community and connections, bringing you the tools,
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Speaker 1: knowledge and resources for you to thrive.
0:45
Speaker 2: She's on the Money. She's on the Money.
1:08
Speaker 3: Hello and welcome to She's on the Money, the podcast
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Speaker 3: that makes personal finance fun, especially on a Friday. It's
1:15
Speaker 3: our favorite day of the week because we get to
1:16
Speaker 3: get together as a team and then we get to
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Speaker 3: celebrate you. How incredible. She's on the Money Community, Miss
1:22
Speaker 3: Jess Ricci. Guess what. She's here to share the Money
1:25
Speaker 3: Wins and Confessions. Miss Bechsayed is back surprisingly more Brooke tips,
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Speaker 3: and we're going to be helping to answer money dilemma
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Speaker 3: that's all about how to privately fund surgery and something
1:38
Speaker 3: that you slid into our dms about whether it's worth
1:40
Speaker 3: taking up your parents offer to be a Garran tour
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Speaker 3: on your home loan if you're worried it's going to
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Speaker 3: come with strings attached. I was at the start. I
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Speaker 3: was like, yeah, of course, no, maybe quick. I really
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Speaker 3: backflipped there to set the tone to get us in
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Speaker 3: a good mood, to stroke our egos. Would you guys
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Speaker 3: like our five star review?
2:00
Speaker 4: Yes?
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Speaker 2: Please?
2:01
Speaker 5: Absolutely?
2:01
Speaker 6: All right.
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Speaker 3: This is from Christy and she says obsessed after just
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Speaker 3: reading the book, I'm now starting to listen to the
2:07
Speaker 3: podcast from way back at the beginning. Obsessed, thank you
2:12
Speaker 3: so much. Learning.
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Speaker 5: Oh we've done.
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Speaker 3: That's so lovely. I love hearing.
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Speaker 6: I love because we can see on Aaron like how
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Speaker 6: many downloads and episode gets, and it's always really fun
2:20
Speaker 6: to see people listening to old ones.
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Speaker 3: Oh my gosh, that's cool. The episode that has the
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Speaker 3: most listens is our first ever episode on money Stories,
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Speaker 3: Oh Wow, which is a great embarrassed, like you know,
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Speaker 3: and you're just like, maybe we should like redo it
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Speaker 3: or like archive old content because, like you know, it's good.
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Speaker 3: But we've learned a lot, We've come a long way.
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Speaker 3: We've come a long way. But like those episodes, they
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Speaker 3: keep me humble. Now it is time, my friends, for
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Speaker 3: my favorite part of Friday Drinks, where you get to
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Speaker 3: ask us one question that you are dying to know,
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Speaker 3: and it can literally be about anything like this week's
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Speaker 3: one from Ruby who wants to know. I'd love to
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Speaker 3: hear how you guys manage your work life balance.
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Speaker 7: WHOA, this is really bad and I hope my boss
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Speaker 7: has listen to this. But I get to kind of
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Speaker 7: work from your gusses on this. Sorry, that's true my
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Speaker 7: other boss, my other boss, who is probably not as
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Speaker 7: kind and generous as you are.
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Speaker 1: VD.
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Speaker 5: I am a lot.
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Speaker 7: I'm a lot of work from home whenever basically, but
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Speaker 7: I really do kind of take the piss. I love
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Speaker 7: working home because we're to sit in the sun. I
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Speaker 7: feel like I know what I have to do every day,
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Speaker 7: but that could be at eight am for an hour,
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Speaker 7: or that could be at ten pm for an hour.
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Speaker 7: But if you're someone who can't work from home all
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Speaker 7: the time. You do have to go into work. I
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Speaker 7: would say the best thing I ever did was kind
3:38
Speaker 7: of just like be tired, which it really sucks because
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Speaker 7: it's like we are working so much. But I always
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Speaker 7: make plans outside of work so I have something to
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Speaker 7: look forward to, because I cannot believe that for eight
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Speaker 7: hours a day, we are trapped and we can't be
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Speaker 7: whatever we want to be. We can't be doing whatever
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Speaker 7: we want to be doing. So make plans after work,
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Speaker 7: whatever that is, even if it's with yourself. Always make
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Speaker 7: plans for the weekend. And I guess in a capitalist society,
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Speaker 7: I'm telling you that there is no best way to
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Speaker 7: balance that other than quitting your job and living out in.
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Speaker 3: Sticks, and then you'll be screwed.
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Speaker 5: We need the government's change out. We need to do
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Speaker 5: a four day, three day work week.
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Speaker 6: And that's what I'm saying, would be amazing, It would
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Speaker 6: be amazing.
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Speaker 3: Well, this is going to be awkward because your other
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Speaker 3: boss has like a majority of your work, right, Like
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Speaker 3: you're just on the show because you have a real
4:27
Speaker 3: job outside of that. But Jess's real job is inside
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Speaker 3: of she's on the money. Yes, how do you manage
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Speaker 3: your work well.
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Speaker 6: I am in my non work life balance era simply
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Speaker 6: because I have signed myself up to a second job
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Speaker 6: to save my house.
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Speaker 3: That's nothing to do with me.
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Speaker 6: No, no, no, that's I'm joycy. I was a week
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Speaker 6: by choice.
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Speaker 3: Obviously, we're also just caveat because I know that they're
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Speaker 3: going to come for me and be like.
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Speaker 5: Victoria, do you not pay Jessica enough?
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Speaker 6: Oh no, I just I like my things, so I
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Speaker 6: want to save hard. So that's okay. But you know
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Speaker 6: what I feel, even with the second job, I'm very
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Speaker 6: lucky because you're a flexcellent so I have a lot
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Speaker 6: of flexibility in structuring my day, which does allow me
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Speaker 6: to really build out that work life balance. I can
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Speaker 6: go to pilates on my lunch break during the day
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Speaker 6: if I go, oh my god, I just need ten
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Speaker 6: minutes to reset my brain. I can get up from
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Speaker 6: my desk and walk around my house or walk around
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Speaker 6: my block or do whatever. There's a lot of trust,
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Speaker 6: which I think really truly does help so much. And
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Speaker 6: I know that everyone has the privilege of being able
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Speaker 6: to work from home or work flexibily depending on what
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Speaker 6: you have to.
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Speaker 3: Like show up online all the time, and your boss
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Speaker 3: will be like, you can work from home whenever you want. Jess, Also,
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Speaker 3: I saw that you were offline, Yeah at a two
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Speaker 3: m this morning.
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Speaker 6: Why were you appearing in Yeah, So like not having
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Speaker 6: to contend to tell you where Jess is at any
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Speaker 6: given time, you know what if.
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Speaker 3: I text her, she replies, that's good.
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Speaker 6: Yeah, I'm around and available.
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Speaker 3: We FaceTime a lot in this team because like we
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Speaker 3: are also remote, and like Jess all answer from the
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Speaker 3: plate's reformat, not during class, which she's like, oh, I'm
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Speaker 3: just about to go into pilartates, I'll be.
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Speaker 6: Like, oh slightly, it's not so it's yeah. I think
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Speaker 6: like that is something that I'm very fortunate and that
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Speaker 6: makes such even just being like, pop a load of
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Speaker 6: laundry on my lunch break, do you I mean, like
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Speaker 6: it sounds so small, but not having to then finish
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Speaker 6: the work day and go, oh my god, I've got
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Speaker 6: to do all of these life admin things takes a
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Speaker 6: huge load off.
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Speaker 3: For me personally, and that benefits me because Jess is
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Speaker 3: less stressed at work. Right, So, like, I just have
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Speaker 3: so many thoughts and feelings on how to manage employees
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Speaker 3: and giving them grace and just treating them like the
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Speaker 3: adults they are. I didn't hire kindergarteners. They don't actually
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Speaker 3: need to be told when nap time is or it's
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Speaker 3: a nack time. Now, you guys are going to sit
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Speaker 3: down around the table and share some fruits like your adults, right, Like,
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Speaker 3: can you not manage your own workload? If you can't
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Speaker 3: manage the workload that's been allocated to you, why do
6:45
Speaker 3: you have that job? So if Jess wants to go
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Speaker 3: to plates on her work break and for some reason
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Speaker 3: that takes two hours, as long as our clients aren't impacted,
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Speaker 3: and she's not like skipping meetings or you know, not
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Speaker 3: getting why would I care? She's still going to put
7:00
Speaker 3: in the same time. And if that means that instead
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Speaker 3: of clocking off at five pm when everybody else does,
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Speaker 3: she's clocking off at six because she's like, well, you know,
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Speaker 3: I had a bit more time during the day. Why
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Speaker 3: does that worry me? If she's being productive and feels
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Speaker 3: respected and gets to have a good work life balance,
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Speaker 3: like that's on her. I don't want her to work
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Speaker 3: till six, But if she chooses to that, that's a
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Speaker 3: different story than me overloading her with work. That she
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Speaker 3: has to work till six. That's a different story again.
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Speaker 3: Side notes, sorry, because I just get really passionate about
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Speaker 3: it because I see so many people in our community
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Speaker 3: who are like, oh my boss X y Z, and
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Speaker 3: I'm like, that's just control, that's got nothing to do
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Speaker 3: with productivity.
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Speaker 6: I have lived that life, and it like ruins you ment. Yeah,
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Speaker 6: I feel so much clearer, especially in like the day
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Speaker 6: that I judo to plarties at lunch time, Like I
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Speaker 6: come back and I'm like, this is my like focus
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Speaker 6: time because I'm so like locked in. Yeah, I remember
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Speaker 6: being chained to a desk where I literally couldn't leave
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Speaker 6: the office, you know, for anything, even for lunch. We
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Speaker 6: were discouraged from leaving, and like the difference that that
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Speaker 6: had on my mental health, which then obviously impacts exactly
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Speaker 6: as you said, like how I performed.
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Speaker 3: It's crazy. Yeah, it actually drives me insane. And maybe
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Speaker 3: we need to do a whole episode on how we
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Speaker 3: think that managers should run their business. Because if you're
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Speaker 3: newer to she's on the money and you're like, oh,
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Speaker 3: Victoria's finance girl. Yes I am, but I'm also a
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Speaker 3: psychology girl. I did two psych degrees. I worked in
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Speaker 3: organizational psychology, and my entire career before finance was about
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Speaker 3: improving employer engagement, increasing culture in organizations, and like to
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Speaker 3: get a little bit stats heavy and like go off
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Speaker 3: the side. We see that engaged employees produce fifty percent
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Speaker 3: higher shareholder return for their businesses. So it's not just
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Speaker 3: about doing the right thing and being a nice human
8:47
Speaker 3: and going go to blood is have a really good time. Sorry,
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Speaker 3: Jess's going to make me more money if she's happy.
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Speaker 3: You're going to put more time and energy and effort
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Speaker 3: into your job if you feel respected by it. Yeah,
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Speaker 3: so selfishly? Does it not make sense for everybody you
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Speaker 3: to go maybe just maybe we should respect our staff.
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Speaker 6: And if you can't use it, why are you hiring?
9:06
Speaker 3: Are you hiring? Anyway? Yeah, different story for a different day.
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Speaker 3: How do I manage work life balance poorly? I think
9:13
Speaker 3: it is a very different situation when you are a
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Speaker 3: business owner than when you are an employee. So I
9:19
Speaker 3: want to acknowledge that I don't think everyone can do
9:22
Speaker 3: it the way I do. I would say I negotiate
9:25
Speaker 3: my work life balance like I'm negotiating with a toddler
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Speaker 3: who just got home from daycare and hasn't had their
9:31
Speaker 3: afternoon snack. So some days I am a productivity queen.
9:35
Speaker 3: I'm a weapon. I annoy the shit out of my team.
9:37
Speaker 3: I'm ticking off absolutely everything. I basically run the amazing race.
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Speaker 3: Then there are days where my brain literally says nah,
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Speaker 3: and I'm cleaning my pantry instead of replying to emails.
9:52
Speaker 3: There are other days I'm like, I'm going to set boundaries,
9:54
Speaker 3: and then someone pops into my DMS and says, hey, girl,
9:57
Speaker 3: I've got a quick question, and I am back where
9:59
Speaker 3: I was before, and I have no boundaries and I
10:01
Speaker 3: am answering your quick question that I said I wasn't
10:03
Speaker 3: going to do today. I feel like I schedule my
10:07
Speaker 3: life like a relatively responsible adult because I have to.
10:11
Speaker 3: But then I also stay up late scrolling on TikTok
10:15
Speaker 3: because I feel like I need to get some time
10:17
Speaker 3: for me back. And yeah, balance is not really a
10:20
Speaker 3: real thing for me. I don't believe in work life
10:23
Speaker 3: balance when you are a business owner, I think it's
10:25
Speaker 3: about what actually matters today for me? What does that
10:28
Speaker 3: look like? Am I putting my family first? That's my
10:32
Speaker 3: priority always, But like some days it's work, some days
10:36
Speaker 3: it's mumlife. Some days it is rotting on the couch
10:39
Speaker 3: and some days it's me googling what are the symptoms
10:41
Speaker 3: of burnout and the meeting all the criterion. Well, Google's
10:44
Speaker 3: not always right, and yeah, that's how I managed my life.
10:48
Speaker 3: I wish I could be like, oh, I go to
10:50
Speaker 3: pilates and I do this, and you know, I eat
10:52
Speaker 3: healthy and I do well. Like sorry, yes we should
10:55
Speaker 3: be all doing those things. But like I think as
10:58
Speaker 3: a business owner, being able to say work life valance
11:01
Speaker 3: doesn't really exist. I'm always going to have competing priorities.
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Speaker 3: I just need to focus on what matters for today
11:06
Speaker 3: that's going to get me through.
11:08
Speaker 6: It's a great take.
11:09
Speaker 3: Not know if it was a great take, but like
11:11
Speaker 3: it's the club I'm in. Enough ranting from me about
11:14
Speaker 3: increasing shareholder value by respecting your stuff. Miss Jesse Ricci
11:18
Speaker 3: community money, wins and confessions. What are we putting on
11:21
Speaker 3: the table.
11:21
Speaker 6: I've got a quick hoop for you this week. Firstly
11:24
Speaker 6: from Sean. She said she signed up for a free
11:27
Speaker 6: trial and this is actually made me fail because she
11:28
Speaker 6: thought it was a month for free. Said her reminder
11:31
Speaker 6: in her phone to cancel before the end of the
11:32
Speaker 6: free trial. Turns out the trial was in fact only
11:35
Speaker 6: for a week, and she got smacked with a two
11:37
Speaker 6: hundred and twenty dollars annual subscription. She said it won't
11:39
Speaker 6: ruin her financially, but has definitely ruined her mood, and
11:43
Speaker 6: she's since gone through all of her subscriptions and canceled
11:45
Speaker 6: everything she no longer needs or uses. I reckon Shan
11:49
Speaker 6: that you should just send them a little email and say, hey,
11:51
Speaker 6: I'm so sorry. I thought it was a month long trial,
11:53
Speaker 6: not a week. Is there any chance that we could
11:55
Speaker 6: refund that and just see.
11:57
Speaker 3: Just see you. I just don't get exactly.
12:00
Speaker 6: Sometimes places will be really nice and honor it, knowing
12:02
Speaker 6: that when you do have the money you might come
12:04
Speaker 6: back and choose to spend it with them, but just
12:06
Speaker 6: give it a trashant. Next, I've got one from Chavon
12:08
Speaker 6: who said, I've been working at a country hospital for
12:11
Speaker 6: the past five weeks. There's no cafe at the hospital,
12:14
Speaker 6: so I've had to make all of my own coffees
12:16
Speaker 6: at home. Normally I easily spend twelve dollars a day
12:19
Speaker 6: when I'm working in the city. Her pods are ten
12:21
Speaker 6: for ten dollars. Great, big money win. I know we
12:25
Speaker 6: all like to get a little treaty, but make your
12:28
Speaker 6: coffee at home mass big difference. Next, I've got a
12:30
Speaker 6: money win from Money, who said she's actually got two
12:32
Speaker 6: money wins. Her ADHD brain organized a return label for
12:36
Speaker 6: a pair of shoes, but she did not follow through
12:38
Speaker 6: with the return.
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Speaker 3: Okay, yeah, relatable. I've done that before on the iconic.
12:42
Speaker 3: Yeah it's so easy to set but then you have
12:43
Speaker 3: to do it.
12:44
Speaker 6: Yeah, that old chestnut. She said, the purchasing months ago,
12:47
Speaker 6: but she contacted the company and they said she could
12:49
Speaker 6: still return it for a ree hunt, which I thought
12:51
Speaker 6: was that's really funey win. And she's also trying to
12:54
Speaker 6: come back on her coffee purchases and her lovely colleague
12:56
Speaker 6: bought her a coffee today.
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Speaker 3: Good for you, as sorry, is life not when you're
13:00
Speaker 3: grateful for the small things?
13:01
Speaker 6: Absolutely fighting the little joys.
13:04
Speaker 3: Tell me the little joys, they're always the big ones total.
13:08
Speaker 6: Well, speaking of a little joy, I've got one from
13:09
Speaker 6: Sophie who said she got a free snack chippy at
13:12
Speaker 6: Grilled because her and the manager were viting so cute.
13:16
Speaker 6: Thays have to be a nice human being to customer
13:18
Speaker 6: service providers. And I could not agree more.
13:20
Speaker 3: Sorry, I believe good things happen to good people. Be
13:22
Speaker 3: good people, and more good things will happen.
13:26
Speaker 6: And then, lastly this week one from Aaron who said
13:28
Speaker 6: she's halfway through her pay fortnight and she's still got
13:31
Speaker 6: half of her paycheck left. Who is she eron? Well, yes,
13:35
Speaker 6: that's actually.
13:36
Speaker 3: A massive accomplishment, especially in these times.
13:39
Speaker 6: Yeah, absolutely, that's something to be proud of.
13:41
Speaker 3: Adore all right, Well, I loved those money wins, but beck,
13:44
Speaker 3: would you bring into the table for broke tips?
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Speaker 7: So, actually, the same thing happened to me at Mylen Bagels.
13:48
Speaker 7: I was really vibing with the guy there and then
13:50
Speaker 7: he gave me some a free almond croissant bagel. So
13:53
Speaker 7: if you're listening to this, thank you so much. You
13:56
Speaker 7: really did make my whole week. Okay, now broke tips.
14:00
Speaker 7: This doesn't come from Chloe, who says I used to
14:02
Speaker 7: forget to bring my lunch to work. Now once a
14:04
Speaker 7: fortnight I bring in a small frozen meal and put
14:06
Speaker 7: it in the work freezer. It's my emergency meal and
14:09
Speaker 7: if I forget lunch, I eat it. That's actually really
14:12
Speaker 7: has saved the odd need to buy food from the
14:14
Speaker 7: cafe and way less stressful experience plus nicer than it
14:18
Speaker 7: can of tuna and rice in my desk draw.
14:20
Speaker 3: Okay, so that was always my go to, and I'd
14:22
Speaker 3: be like, hello, I don't.
14:23
Speaker 6: Want to eat it. I don't want to be doing this.
14:25
Speaker 3: But then I also saw it like as punishment. I'm like, no,
14:28
Speaker 3: you should get your stuff together, and this would only
14:31
Speaker 3: happen to you because you didn't take the fridge meal.
14:34
Speaker 5: Yeah. I actually love the tuna and ras. God tell ya. Okay,
14:39
Speaker 5: tuna at least, No I get serena.
14:42
Speaker 3: Oh get chili? Yeah, okay, so the chili. Yeah, the
14:45
Speaker 3: chili is a flavor. It has to be a flavor, tuna.
14:47
Speaker 3: It can't just spring water.
14:51
Speaker 8: That.
14:52
Speaker 3: Do my cats enjoy that one though? Okay, so maybe
14:56
Speaker 3: it's cat food When I want to yuck, they yeah, no, no,
14:59
Speaker 3: in my cat it's got good taste.
15:00
Speaker 7: Yeah, of course it's next one comes from Sunshine. What
15:03
Speaker 7: a gorgeous name. I keep a present box, especially good
15:06
Speaker 7: for kids. I pick up quality items at op shops
15:08
Speaker 7: or on sale and put them in a box to
15:10
Speaker 7: choose from when giving presents.
15:13
Speaker 5: Oh my god, that is a genius.
15:15
Speaker 3: That's actually so smart.
15:16
Speaker 5: And then this one comes from me, but also also
15:19
Speaker 5: kind of you.
15:20
Speaker 3: VD.
15:20
Speaker 7: Well, I used to do this thing when I was
15:22
Speaker 7: when I was more of a makeup girly, and I
15:24
Speaker 7: just thought it was, you know, something that was a
15:27
Speaker 7: bit like weird.
15:28
Speaker 5: But I just it was cheap.
15:30
Speaker 7: I used to use sharpie in my eyes too as
15:32
Speaker 7: fyeliner because it would also stick. But then I realized
15:35
Speaker 7: that VD, you use sharpie for your lip liner.
15:38
Speaker 3: Did you see me doing that?
15:40
Speaker 4: I didn't.
15:40
Speaker 5: I didn't see it, but I want you to know that
15:42
Speaker 5: it wouldn't. I wouldn't have battered an eyelid.
15:44
Speaker 3: I just.
15:49
Speaker 5: Told you, well, yeah, well yes, yes, our producer.
15:53
Speaker 3: Would be yep in about my sneaky habit.
15:56
Speaker 6: I think it's great.
15:57
Speaker 3: It is great, actually makes me feel seen. So I
16:01
Speaker 3: bought this and this again was a social media thing.
16:04
Speaker 6: I office works.
16:05
Speaker 3: Yeah, yeah, I'm not. But I'm also not going to
16:07
Speaker 3: take credit and be like, oh, I just decided to
16:09
Speaker 3: do this thing. I saw this girl on TikTok go
16:11
Speaker 3: figure like you guys are going to be like, do
16:13
Speaker 3: you are you chronically online? Yes, yes, I am chronically online,
16:18
Speaker 3: asked yes, and that's fine. But saw this girl using
16:21
Speaker 3: sharpie as a lip liner, and I was like, that
16:23
Speaker 3: actually looks lid and that stays and then we yes,
16:27
Speaker 3: we're in office works and I saw a coral colored
16:30
Speaker 3: sharpie and I was like, why not try? Yeah, it
16:33
Speaker 3: works really well. Thanks for coming to my ted talk.
16:36
Speaker 6: That is so funny. I don't know why papertal marker
16:38
Speaker 6: is scary to me, so it's crazy face.
16:41
Speaker 3: Do you know what is the most disappointing part about
16:43
Speaker 3: all of it is that it doesn't last as long
16:45
Speaker 3: as you think. Like, I mean, you probably drew love
16:47
Speaker 3: hearts on your like face or something, it would be
16:50
Speaker 3: different than your lips. But I feel like it comes
16:52
Speaker 3: off my lips thru like an end of the day,
16:54
Speaker 3: which is fine. But sharpie is what surgeons used to
16:58
Speaker 3: mark your body. That's a good So it's actually I
17:01
Speaker 3: I won't say like, oh, just sniffer sharpie. That's probably
17:04
Speaker 3: a bad idea, but like the ingredients aren't gonna hurt you,
17:09
Speaker 3: then you're like super toxic or anything. And I mean
17:12
Speaker 3: people are going to slide into my DMS this week
17:14
Speaker 3: and be like that is such bad advice. Don't take it.
17:17
Speaker 3: Then that's true. Don't do what I do if you
17:19
Speaker 3: think it's terrible idea like.
17:22
Speaker 7: Sorry, no, and I use sharpie all the time and
17:24
Speaker 7: my skin for beards for Halloween, for anything like.
17:27
Speaker 5: Any and look at me now, I'm doing just fine.
17:32
Speaker 3: Against the wall anyway. That is very good. I'm glad
17:35
Speaker 3: I made it to the Broke Tips. Let's go to
17:37
Speaker 3: a really quick break because on the flip side, we're
17:39
Speaker 3: going to be talking about a dilemma that's about how
17:43
Speaker 3: to privately fund surgery and maybe your surgeon will use
17:47
Speaker 3: a sharpie. Maybe slid into our dms this week about
17:51
Speaker 3: whether it's worth taking up your parents on an offer
17:53
Speaker 3: to be a guarantee for your home loan, but you're
17:55
Speaker 3: really worried that they are going to be strings attached,
17:58
Speaker 3: so don't go anywhere.
18:04
Speaker 6: Welcome back, everybody. Let's take a listen to this week's
18:06
Speaker 6: money dilemma.
18:09
Speaker 8: Hi, there, have you got a money dilemma you just
18:12
Speaker 8: can't solve that. She's on the Money team is here
18:14
Speaker 8: to help. Every week we tackle your dilemmas, both big
18:17
Speaker 8: and small, to answer your most burning money, career and
18:20
Speaker 8: life questions. To get involved, simply head to our website
18:23
Speaker 8: and leave us a short voice recording and you might
18:26
Speaker 8: just find yourself on the show. Now, let's take a
18:28
Speaker 8: listen to this week's money dilemma.
18:33
Speaker 4: Hi, she's on the money. I have a money dilemma
18:35
Speaker 4: relating to how I should privately fund bariatric surgery needed
18:39
Speaker 4: for my health related to my PCOS and my arthritis.
18:43
Speaker 4: The two options would be to either take out a
18:46
Speaker 4: gold level of hospital cover for twelve months, which would
18:49
Speaker 4: be a real struggle to maintain with my other expenses
18:52
Speaker 4: on my income, plus there would still be an out
18:54
Speaker 4: of pocket of about five to six thousand dollars at
18:57
Speaker 4: the time of the surgery. Or the other option would
19:00
Speaker 4: be to take it out of my super, which is
19:03
Speaker 4: currently sitting at just under thirty four thousand dollars. There
19:06
Speaker 4: would be no cost out of pocket, but if I
19:08
Speaker 4: took it out now, it would nearly drain my super.
19:11
Speaker 4: I'm nearly thirty years old and I won't be looking
19:13
Speaker 4: at having this surgery done for another couple of years.
19:16
Speaker 4: But I am very aware that if I am to
19:18
Speaker 4: go down the route of funding it through super, that
19:23
Speaker 4: I would lose out on so much interest in the
19:26
Speaker 4: long run. I really don't know what to do and
19:29
Speaker 4: which option would be best for me. So I'd love
19:32
Speaker 4: to hear what you think. Thanks to be well.
19:36
Speaker 7: I think that when it comes to health and ultimately
19:39
Speaker 7: mental health, I obviously put that above everything. I'm saying,
19:43
Speaker 7: take it out of SUPER. I absolutely would do that,
19:46
Speaker 7: and then just be where possible and with your new
19:50
Speaker 7: life because it's you know you said peacos and.
19:53
Speaker 5: Arthritis as well.
19:54
Speaker 7: I think that they said you could potentially be making
19:56
Speaker 7: extra money where you couldn't have before. Maybe you didn't
19:58
Speaker 7: have the energy, maybe you in all these things. And
20:01
Speaker 7: not to say that you have to do that, but
20:02
Speaker 7: I'm saying, like your potential to do that if you
20:05
Speaker 7: needed to. I think it's a win win teats SUPER
20:07
Speaker 7: and then put extra what's it called contributions in and
20:12
Speaker 7: there are tax benefits here and there. Maybe talk to
20:15
Speaker 7: an account about that, maybe talk to FEVD about that
20:16
Speaker 7: extra stuff, but there are tax benefits to doing that. Yeah,
20:19
Speaker 7: just I think do that now, put extra contributions in.
20:23
Speaker 6: In the meantime, if you're saying that it's going to
20:25
Speaker 6: mostly drain your SUPER, my assumption is your surgery is
20:28
Speaker 6: going to cost in between and yeah, like twenty five and.
20:31
Speaker 3: I think it's about five thousand, yeah, which is just
20:34
Speaker 3: from knowing what our community has spent on it. I'm
20:37
Speaker 3: I'm sure that there are surgeons that charge like fifty grand,
20:39
Speaker 3: and I'm also sure that there are surgeons who do
20:41
Speaker 3: it differently. But like, I'm not a medical professional, so
20:44
Speaker 3: I'm not passing comment on that.
20:46
Speaker 6: Yes, I personally would be inclined to go the private
20:52
Speaker 6: health route, simply because you've said, I know, you said
20:55
Speaker 6: that paying for that would be a struggle, which says
20:57
Speaker 6: to me that paying back twenty five to thirty thousand
21:00
Speaker 6: dollars into your super is going to be a bigger struggle.
21:04
Speaker 6: So it's let's say your private health at an extreme
21:07
Speaker 6: is maybe one hundred and fifty to two hundred dollars
21:10
Speaker 6: a month over that year, call it fifteen hundred to
21:13
Speaker 6: two thousand dollars maybe, like yeah, taking a broad sweeping
21:16
Speaker 6: guess right, plus your six thousand dollars out of pocket,
21:19
Speaker 6: and you said it's doable, it would be tight as
21:22
Speaker 6: opposed to trying to repay twenty five thousand dollars plus,
21:26
Speaker 6: I think the financial strain that that put on you
21:29
Speaker 6: would be more significant.
21:31
Speaker 5: The overlaying caveat.
21:32
Speaker 6: I suppose is how urgently do you need the surgery
21:35
Speaker 6: said it was in a couple of years. Yeah, so
21:37
Speaker 6: if your quality of life is not going to suffer significantly,
21:42
Speaker 6: I would be making that choice because I think in
21:44
Speaker 6: terms of like the long term financial implications for you,
21:48
Speaker 6: it will be less detrimental based on the information that
21:50
Speaker 6: you've given us. But V, I feel like you're much
21:53
Speaker 6: better place to talk about this personally.
21:56
Speaker 3: I get it, like there is like I have not
21:59
Speaker 3: been in that situation, but there is a surgery that
22:04
Speaker 3: you require, full stop, end of story. We need to
22:06
Speaker 3: fund that surgery. I don't care what your surgery is
22:10
Speaker 3: if you need it for your mental health. Like again,
22:12
Speaker 3: same side as you beck. We need to find a
22:14
Speaker 3: way to do it. Yeah, you could do it through
22:17
Speaker 3: your super I'll get to that in a second. I
22:20
Speaker 3: don't think it's the worst thing in the entire world
22:22
Speaker 3: to take on debt for a surgery that is necessary. Like,
22:26
Speaker 3: not everybody has the privilege of just having twenty five
22:30
Speaker 3: thirty thousand dollars sitting in their savings account to spend
22:32
Speaker 3: on these things. And you need to go into this
22:35
Speaker 3: with like an understanding of well how much would that
22:38
Speaker 3: cost you? Because it's not just going to cost you
22:39
Speaker 3: twenty five to thirty thousand dollars. There would be interest,
22:41
Speaker 3: there would be like loan repayments whatever. You're right, Jess
22:44
Speaker 3: in that if you're going to take that out of
22:45
Speaker 3: Super and then all of a sudden you can't afford
22:48
Speaker 3: the loan repayments, I would be looking at taking money
22:51
Speaker 3: out of Super as a loan. You need to make
22:54
Speaker 3: a repayment schedule. I don't want to be the debbie
22:56
Speaker 3: downing here, but you said you were thirty, and you
22:58
Speaker 3: said you had about thirty four thousand dollars in Super.
23:01
Speaker 3: You're behind the average ye at the moment, the average
23:03
Speaker 3: thirty to thirty four year old has forty four thousand
23:06
Speaker 3: dollars in superannuation. And that is not to shame you.
23:09
Speaker 3: That is just to say that's a bigger decision than
23:12
Speaker 3: you think it is. That is putting future you who Yes,
23:16
Speaker 3: I know we need this surgery to be healthy, but
23:18
Speaker 3: we can't afford to retire if we're working this way,
23:21
Speaker 3: and that's a really big priority as well. So I'd
23:24
Speaker 3: be looking at what other options exist. Yes, the private
23:27
Speaker 3: health for twelve months feels like a lot of money,
23:29
Speaker 3: but like, have you done the numbers? What does it
23:31
Speaker 3: come out to in the wash, Like, is this surgery
23:34
Speaker 3: if you have private health insurance like that for an
23:37
Speaker 3: individual gold level private health insurance is probably around two
23:40
Speaker 3: hundred and fifty to three hundred and fifty dollars a month.
23:43
Speaker 3: What does that add up to over the period of
23:46
Speaker 3: time that you would need it before having the surgery
23:49
Speaker 3: plus the six thousand dollars? Like, how does that work?
23:52
Speaker 3: Have you done the numbers on that? Have you done
23:54
Speaker 3: the numbers on your super I'm apprehensive that that money
23:57
Speaker 3: would get repaid if you're saying you don't have the
23:58
Speaker 3: free cash flow and what debt options do you have.
24:02
Speaker 3: I'm not saying that this is what we should do
24:04
Speaker 3: because I am agreeing with you that we need this surgery.
24:08
Speaker 3: I'm going to approach this as though that surgery is
24:10
Speaker 3: a non negotiable. You're telling me you have a cost
24:13
Speaker 3: that we have to fund, not oh, to be so nice,
24:16
Speaker 3: I want to get my boobs done, Like this is
24:18
Speaker 3: for your health. This isn't just like a nice to have,
24:21
Speaker 3: do you know what I mean?
24:22
Speaker 7: So?
24:22
Speaker 3: How are we funding this that best suits your lifestyle?
24:25
Speaker 3: And you know what, for some people, going into personal
24:28
Speaker 3: debt is going to make the most sense. Do I
24:31
Speaker 3: love you being in personal debt? Absolutely not. But I'm
24:34
Speaker 3: also not delusional to the fact that that is a
24:38
Speaker 3: valid option. Yeah, and if we are going down that route,
24:42
Speaker 3: we are not going to a latitude finance and being
24:45
Speaker 3: taken advantage of. We are going to maybe talk to
24:48
Speaker 3: different banks. We might go talk to a broker about Okay, well,
24:51
Speaker 3: what do personal financing options look like? Banks offer finance
24:56
Speaker 3: for surgery. This isn't a new concept. Probably haven't heard
25:00
Speaker 3: of it because not many people talk about it, and
25:03
Speaker 3: you just think, oh, yeah, asset finance and personal loans,
25:06
Speaker 3: they're just for cars. But there is going to be
25:08
Speaker 3: a financing option. Just don't go see a bloody loan shark,
25:12
Speaker 3: don't put it on and after pay, don't go to
25:14
Speaker 3: someone who's going to take advantage of you. Let's find
25:17
Speaker 3: a solution that makes sense. The other thing I would
25:20
Speaker 3: say is if you're saying you can afford to have
25:22
Speaker 3: it in a few years, so you said, oh, the
25:24
Speaker 3: surgery is a few years off, can we make a
25:26
Speaker 3: savings plan so that we can afford it then, so
25:29
Speaker 3: that we can start putting money aside. Maybe the money
25:33
Speaker 3: that you're putting aside is actually salary sacrificed into your
25:35
Speaker 3: superannuation for a few years so that we get to
25:38
Speaker 3: take advantage of that tax circumstance, and then we pull
25:40
Speaker 3: it out for medical reasons. There's lots of things you
25:43
Speaker 3: can do, but I want you to write down each
25:46
Speaker 3: plan and write down numbers for each plan and what
25:49
Speaker 3: that looks like and what's going to make most sense
25:51
Speaker 3: for you, not just brainstorming and being like, oh, I'd
25:53
Speaker 3: be most comfortable with X idea. What's also the most
25:56
Speaker 3: financially viable idea? What actually puts you in the best
25:59
Speaker 3: place position? And if you're like, oh, the I thought
26:02
Speaker 3: that this surgery was a couple of years off because
26:05
Speaker 3: I definitely couldn't afford it, and now I found a
26:07
Speaker 3: different option because I actually need it asap. Great, let's
26:11
Speaker 3: do that. Yeah, So no judgment of how it's funded,
26:14
Speaker 3: just that if we're going to fund this from an
26:17
Speaker 3: alternative method than just saving for it, are you okay
26:21
Speaker 3: with it? Is it in line with your values? How
26:23
Speaker 3: are we creating a plan to not be in that
26:25
Speaker 3: debt forever, because sometimes we need to take on debt
26:28
Speaker 3: to live life. Yeah, And I don't think there should
26:30
Speaker 3: be judgment around that.
26:32
Speaker 6: You need to live life like as Beck said, your
26:34
Speaker 6: health is so important and we're sending to you lots
26:35
Speaker 6: of love as well.
26:36
Speaker 3: Absolutely, all right, let's move on something you slid into
26:38
Speaker 3: our DMS about and we're going to make it really
26:40
Speaker 3: snappy so that you guys get your day back. Hey, lovely,
26:43
Speaker 3: she's on the money team. I'm looking to buy a
26:46
Speaker 3: unit on my own and I have a really good deposit.
26:48
Speaker 3: It's not twenty percent, though, and I'm not eligible for
26:52
Speaker 3: first home biased concessions due to having had a house
26:54
Speaker 3: with a previous partner. He brought me out of My
26:57
Speaker 3: parents have offered to go garrantur for me. I love them,
27:00
Speaker 3: but they are already quite overbearing, and I worry that
27:04
Speaker 3: this will mean I won't have as much autonomy over
27:07
Speaker 3: the house and the decision. It would, however, mean that
27:09
Speaker 3: I can get into the market sooner and potentially pay
27:12
Speaker 3: them back or out in a few years when my
27:14
Speaker 3: property increases in value. Would love some advice from the
27:18
Speaker 3: community on this, or if anyone has any similar experiences.
27:23
Speaker 7: Geez, I don't know you need twenty percent to not
27:25
Speaker 7: have a guaranteur or you like a general no.
27:28
Speaker 3: She's saying, it's not twenty percent. Like I own a
27:30
Speaker 3: mortgage breaking business for those of you following along at home,
27:33
Speaker 3: and we often purchase houses if you don't have any
27:37
Speaker 3: of the concessions available first time buyers. Let's pretend none
27:40
Speaker 3: of that's on the table. We often buy with only
27:42
Speaker 3: a ten percent deposit, So it's not unheard of. Cool, okay,
27:46
Speaker 3: But a guaranteur would give you a lot more flexibility.
27:48
Speaker 3: In fact, a guaranteur would mean that she potentially can
27:51
Speaker 3: get a house without having to spend any deposit, and
27:53
Speaker 3: then that deposit could go into her offset account and
27:55
Speaker 3: be a little bit more financially a Kushni.
27:59
Speaker 7: I see, Okay, Well in that case, god I did okay. Well,
28:04
Speaker 7: I think and as I always say, and as I
28:06
Speaker 7: just said before mental health First, I think, don't like
28:10
Speaker 7: life is long if you're lucky enough to experience all that.
28:14
Speaker 7: That's a really intensive thing to say for people who
28:16
Speaker 7: have not had the fortune of having a long life.
28:20
Speaker 7: But I think that if you are right now really
28:24
Speaker 7: urgently rushing to get into the market, and I understand that,
28:27
Speaker 7: you know, housing prices go up and things like that,
28:30
Speaker 7: the best time to invest is today. But I just
28:33
Speaker 7: wouldn't put my mental health at risk for that kind
28:37
Speaker 7: of thing. And I feel like, if you're potentially gonna
28:39
Speaker 7: have a bad relationship with your parents where it's like
28:41
Speaker 7: maybe it's gonna get worse, maybe they're really they're really
28:43
Speaker 7: overbearing already, it seems like so it's like if yeah,
28:45
Speaker 7: it's just gonna be really unhappy or maybe like really
28:47
Speaker 7: anxious or something like that, but you're able to get
28:49
Speaker 7: into the market quicker than I just I would just wait. Personally,
28:52
Speaker 7: I would wait. I would try and go to a
28:54
Speaker 7: mortgage broker. I would try and find other ways to
28:56
Speaker 7: not have to get a guaranteur, just try and do
28:58
Speaker 7: it on my own.
28:59
Speaker 6: Yeah, what are you doing? I'm in agree, man. I
29:01
Speaker 6: don't know if the hyper independent oldest daughter in me,
29:03
Speaker 6: but I do not love the idea of anyone having
29:05
Speaker 6: control over me of the things that I'm doing. And
29:07
Speaker 6: if that's a concern for you now, I think that
29:10
Speaker 6: it's very likely that it will come up. Like you've
29:13
Speaker 6: got your lived experience with your family, You've got like
29:15
Speaker 6: good visibility and what this might turn into. I personally
29:19
Speaker 6: think it is worth waiting. I know, on paper, financially
29:22
Speaker 6: that might not make the most sense in terms of
29:24
Speaker 6: lost opportunity in the market, et cetera. But I just
29:27
Speaker 6: for me personally, I don't love the idea of someone
29:31
Speaker 6: being able to control you for any reason, whether it
29:33
Speaker 6: be financially or otherwise. And it's not a risk that
29:36
Speaker 6: I personally would be willing to take.
29:38
Speaker 3: Agree, Agree, I think those are very valid. What this
29:42
Speaker 3: message told me is that you have not spoken to
29:44
Speaker 3: a mortgage broker. Go and make that your number one priority,
29:47
Speaker 3: whether you buy or not. Talk about your options, Talk
29:50
Speaker 3: about what your deposit would get you, Talk about how
29:54
Speaker 3: much more deposit you would require. I don't know what
29:56
Speaker 3: you do for work, so I don't know if there
29:59
Speaker 3: are any concessions for the type of work that you do.
30:01
Speaker 3: But talk to a broker about that. The second thing
30:05
Speaker 3: is talk to your parents about it. So obviously this
30:09
Speaker 3: topic has come up because if you're questioning whether or
30:11
Speaker 3: not to get them to be a guarantee, you know
30:13
Speaker 3: that they might be a guaranteur, and whether you accept
30:16
Speaker 3: that or not completely your decision. But what does that
30:19
Speaker 3: mean Because you're saying, oh, I could pay them back,
30:21
Speaker 3: there's actually never an exchange of money, so you don't
30:25
Speaker 3: actually owe your parents' money at all when they go guaranteur.
30:28
Speaker 3: When you get a guaranteur, they're putting a caveat over
30:31
Speaker 3: a pre existing property that they have. That says, if
30:34
Speaker 3: for some reason, Jessica doesn't pay back her mortgage, we
30:37
Speaker 3: take responsibility for those payments. And there's a lot of
30:40
Speaker 3: hoops that you have to go through before your parents
30:43
Speaker 3: would ever be contacted to pay some of your mortgage. Right,
30:46
Speaker 3: you'd probably sell the house before that happens, because you
30:49
Speaker 3: don't want to owe anybody anything. You just told us that. So, yes,
30:53
Speaker 3: you could do an early release of a guaranteur if
30:56
Speaker 3: your property increases in value. But I would never rely
30:59
Speaker 3: on as being the thing that triggers a release of
31:02
Speaker 3: a guaranteur, just because we don't know what the property
31:05
Speaker 3: market's going to do, and I don't want to be like, oh,
31:07
Speaker 3: we can get rid of the guaranteur in twelve months. Yeah,
31:09
Speaker 3: because the property market has been increasing, you never know
31:12
Speaker 3: what's going to happen. We can't predict the markets. As
31:14
Speaker 3: I've said a million times, I'd be real rich if
31:16
Speaker 3: we could. But a guaranteur is a lot less controlling,
31:21
Speaker 3: it's a lot less confronting than them. Lending you money.
31:24
Speaker 3: That's true. So that's a different story because it doesn't
31:27
Speaker 3: impact their cash flow, it doesn't impact their day to
31:30
Speaker 3: day life. And I think it would be a good
31:32
Speaker 3: conversation between you and your parents, well if you go
31:35
Speaker 3: guaranteur on my property, what does that mean? And if
31:37
Speaker 3: they start saying, well you, oh, I see this and
31:39
Speaker 3: you need to prove this and you need to do that, great,
31:42
Speaker 3: maybe I'm not interested in that option. But the reality
31:45
Speaker 3: is it doesn't impact their cash flow, it doesn't impact
31:47
Speaker 3: their future wealth creation, it doesn't do any of that.
31:50
Speaker 3: The only real caveat is that they can't sell their
31:54
Speaker 3: property while there's a caveat on it, because obviously it's
31:56
Speaker 3: linked to yours. Yeah, but if it's their family Homer,
31:59
Speaker 3: then planning on selling, it's a different story again because
32:02
Speaker 3: they're like, well, how does that impact them? So I
32:05
Speaker 3: want to know what would your parents expect? What types
32:08
Speaker 3: of strings exist, because often we have people come to
32:11
Speaker 3: us at Zella and they say, oh, I just I
32:13
Speaker 3: don't want to ask my parents to do that because
32:15
Speaker 3: I'll owe them this and that and the other. And
32:18
Speaker 3: then we go, okay, like, can we explore that because
32:20
Speaker 3: obviously it's going to if you've got that privilege, it's
32:23
Speaker 3: going to put you in a better financial position. So
32:26
Speaker 3: let's just brainstorm it. Maybe we're not even talking to
32:28
Speaker 3: your parents, but like, let's just brainstorm it between us
32:30
Speaker 3: and talk about what the options are and how that
32:32
Speaker 3: could work. And more often than not, we actually have
32:34
Speaker 3: people going, oh my god, no, this is so I'm
32:36
Speaker 3: going to ask my parents to do that. You're right,
32:38
Speaker 3: it is signing a form, it is this, and it's
32:40
Speaker 3: a responsibility. But I think that a lot of us
32:42
Speaker 3: assume that there's a big cash outlay or they have
32:45
Speaker 3: to draw down their mortgage or something and give that
32:47
Speaker 3: cash to you for your Produit. It's not the way
32:49
Speaker 3: it works. Yeah, so talk to a mortgage broker, discuss
32:52
Speaker 3: those scenarios, and go from there.
32:54
Speaker 6: Whateveryone else think.
32:55
Speaker 3: So I obviously asked for your two cents. I said,
32:59
Speaker 3: what would you do if you were our community member?
33:01
Speaker 3: Forty six percent of you you are my Queen's you
33:04
Speaker 3: said I'd see a mortgage broker first, perfect twenty seven
33:07
Speaker 3: percent said I'd accept it short term, no pay, no gain.
33:10
Speaker 3: Then I'd refinance as soon as I could. Seventeen percent
33:13
Speaker 3: said take all the help I can get, and ten
33:15
Speaker 3: percent said no, I'm going to keep control yep. And
33:18
Speaker 3: then asked, have you had any help from your parents
33:21
Speaker 3: or another loved one to buy a house? Thirty six
33:24
Speaker 3: percent of you said yes and it worked out well,
33:26
Speaker 3: thirty five percent said I bought without any help, twenty
33:29
Speaker 3: six percent said I haven't bought a property, and three
33:31
Speaker 3: percent of you said, yeah, it got real messy, which
33:34
Speaker 3: is really hard, and I want to know more about that.
33:36
Speaker 3: So maybe we should dive into that. Like if you're
33:39
Speaker 3: saying you took help from a parent and it got
33:41
Speaker 3: really messy, I want to know what that means, only
33:45
Speaker 3: because I haven't personally seen a lot of garrantre situations
33:48
Speaker 3: turn messy. Yeah, I have when you owe your parents
33:51
Speaker 3: one hundred grand, Yeah, and they're expecting you to have
33:53
Speaker 3: another payment plan and then interest rates have increased and
33:56
Speaker 3: you can't afford your a mortgage and paying back your pet. Like,
33:58
Speaker 3: there's been a lot of messy situations like that I've
34:00
Speaker 3: helped clean up, but there's never been a like quote
34:03
Speaker 3: messy situation with a guaranteur because it doesn't again impact
34:06
Speaker 3: their cash flow or yours. I then said, what's your
34:09
Speaker 3: two cents. First person said, I've seen the effects of
34:13
Speaker 3: overbearing parents. You cannot put a price on your insanity.
34:16
Speaker 6: Loll that's my take.
34:18
Speaker 3: Next person said, bye and accept l am.
34:20
Speaker 6: I great point.
34:22
Speaker 3: Another person said, my mum is my guarante for me
34:25
Speaker 3: two loans, so only tied to fifty thousand dollars. Only
34:28
Speaker 3: matters if I ever default on the mortgage. It has
34:31
Speaker 3: never been an issue. Next person said, I'd have a
34:33
Speaker 3: conversation with my parents about it not impacting our relationship.
34:37
Speaker 3: First another person said, and I'm only going to do
34:39
Speaker 3: two more because I could keep going on for ages.
34:41
Speaker 3: But going guaranteur is very different from them putting money down,
34:44
Speaker 3: so I'm not sure how they have any.
34:46
Speaker 6: Input exactly what you were saying.
34:47
Speaker 3: Yep. And then someone else said, and I am screaming
34:50
Speaker 3: this from rooftops. Stop letting your twenty percent deposit mentality
34:54
Speaker 3: hold you back. Go get in the market. Go talk
34:56
Speaker 3: to a broker and work out what is possible.
34:59
Speaker 5: Yes, amen, you.
35:01
Speaker 3: Can't talk to us because I'm looking at this going.
35:03
Speaker 3: I could probably fix that.
35:04
Speaker 5: Yeah, I could probably fix that.
35:05
Speaker 3: I could probably get you into a property for ten percent. Yeah,
35:08
Speaker 3: I don't know how much you have right now. But
35:10
Speaker 3: like ELLEMI is an option, and going guarantee is an option.
35:13
Speaker 3: And I think that so many people think that guarantey
35:16
Speaker 3: is so much more scary than it is. Like there's
35:17
Speaker 3: this other conversation of like, oh, being a guarantee or
35:20
Speaker 3: having a guarantee is such a privilege and rah rah,
35:23
Speaker 3: and you know I didn't have it, so therefore you
35:24
Speaker 3: shouldn't have get in the bin. Like, if you are
35:27
Speaker 3: in a position where you can get yourself ahead financially
35:30
Speaker 3: and someone is willing to give you a leg up,
35:32
Speaker 3: take it absolutely, like I just I have so many
35:35
Speaker 3: thoughts and feelings about that, because yes, the sooner you
35:38
Speaker 3: get into the property market, the better off you would be. Anyway,
35:41
Speaker 3: that's it from us. We'll see you bright early on
35:44
Speaker 3: Monday morning for our money diary. Until then, have the
35:46
Speaker 3: best weekend.
35:47
Speaker 5: Bye guy.
35:48
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