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How to Get a Better Interest Rate + Should You Start a Business with Your Bestie? · She's On The Money

• 0:00
  Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud or
• 0:04
  Speaker 1: the Order Kerni Whaltbury and a waddery woman. And before
• 0:08
  Speaker 1: we get started on She's on the Money podcast, I
• 0:11
  Speaker 1: would like to acknowledge the traditional custodians of the land
• 0:14
  Speaker 1: of which this podcast is recorded on a wondery country,
• 0:18
  Speaker 1: acknowledging the elders, the ancestors and the next generation coming
• 0:22
  Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
• 0:27
  Speaker 1: and the storytelling of you to make a difference for
• 0:30
  Speaker 1: today and lasting impactful tomorrow.
• 0:33
  Speaker 2: Let's get into it.
• 0:34
  Speaker 3: She's on the Money. She's on the Money.
• 0:57
  Speaker 4: Hello, and welcome to She's on the Money, the podcast
• 1:00
  Speaker 4: that makes personal finance fun, especially on Fridays. It's our
• 1:04
  Speaker 4: favorite day of the week because we get our team
• 1:06
  Speaker 4: together and we get to celebrate you the incredible She's
• 1:09
  Speaker 4: on the Money community. Ms Jess Grichi's here and she's
• 1:12
  Speaker 4: going to be sharing our favorite money wins from the community.
• 1:14
  Speaker 4: Miss becksay Ed is here as always, and she's got
• 1:17
  Speaker 4: a number of really good broke tips for us, and
• 1:20
  Speaker 4: we're going to be helping to answer a money dilemma
• 1:22
  Speaker 4: this week. It's all about how to get a better
• 1:24
  Speaker 4: rate on your mortgage. And something that you slid into
• 1:27
  Speaker 4: our DMS about is whether you should start a side
• 1:30
  Speaker 4: hustle with your friend. Woh, I feel like that's going
• 1:33
  Speaker 4: to be a good one. There are friends that I have, Yeah,
• 1:36
  Speaker 4: definitely I would, And then there are friends that I'm
• 1:39
  Speaker 4: like absolutely not, like that would ruin our friendship. But
• 1:44
  Speaker 4: before we dive into all of that, which I cannot
• 1:46
  Speaker 4: wait for, how were your weeks?
• 1:48
  Speaker 2: Yes, you go first?
• 1:49
  Speaker 5: My week was good, you know, nothing crazy, nothing exciting,
• 1:53
  Speaker 5: just you know, an average week for me. Nothing true, poor, yeah, gorgeous.
• 1:57
  Speaker 5: Sometimes it's nice.
• 1:58
  Speaker 2: No news is good news, very true.
• 2:00
  Speaker 5: How about you?
• 2:01
  Speaker 2: Really really good week? I have, you know, started another
• 2:06
  Speaker 2: one of my I feel like you'd get this, you
• 2:08
  Speaker 2: know when you're just like you always have a different
• 2:10
  Speaker 2: hobby and you just like focus. So obviously it was
• 2:13
  Speaker 2: like crocheting, and then and then pottery. I dabbled in
• 2:16
  Speaker 2: a few other things, like I was like, maybe I'll
• 2:17
  Speaker 2: be into gardening. I just I can't personally do it.
• 2:20
  Speaker 2: But I've gone back to pottery. So I feel like
• 2:22
  Speaker 2: I'm cheating by hyperfixating on something I've already been doing.
• 2:26
  Speaker 2: And also you you're not gonna like this very much.
• 2:28
  Speaker 4: But I am not gonna like this as though I've
• 2:30
  Speaker 4: ever judged you on anything you've ever done.
• 2:33
  Speaker 2: That's true.
• 2:33
  Speaker 4: When have I ever been like Beck.
• 2:35
  Speaker 2: I don't like this.
• 2:36
  Speaker 5: Are you getting this your mind?
• 2:37
  Speaker 3: Or like this?
• 2:38
  Speaker 2: I joined another gym and.
• 2:41
  Speaker 4: Hold on, hold on, hold on, hold on. You're right,
• 2:43
  Speaker 4: you're right. No, Beck did not lie. I don't like
• 2:46
  Speaker 4: this because share with the community, because this hasn't been
• 2:49
  Speaker 4: on the podcast. True, it's so spactrack Miss Bech say
• 2:53
  Speaker 4: ed you like coming to the gym?
• 2:55
  Speaker 2: I do.
• 2:56
  Speaker 4: Yeah, And you've been trying to find the right gym,
• 2:58
  Speaker 4: find the right gym, and I I get it. That's
• 3:00
  Speaker 4: a journey. It can be hard. But how many gym
• 3:03
  Speaker 4: memberships do you now have?
• 3:04
  Speaker 2: Okay, so this would be way fifth, but I am
• 3:07
  Speaker 2: actively canceling three.
• 3:10
  Speaker 4: But have you canceled them already or is it like
• 3:12
  Speaker 4: a pipe dream at this point?
• 3:14
  Speaker 2: One of them? I'm canceling, but I have to, like
• 3:15
  Speaker 2: I have to repay, like not repay, but I have
• 3:18
  Speaker 2: to pay like the outstanding of americ.
• 3:20
  Speaker 4: Okay, okay, but tell me how many? How many are
• 3:24
  Speaker 4: you paying for right now? The way you're answering these questions,
• 3:26
  Speaker 4: it's giving Bill Gibson, okay, right now paying for three? Okay,
• 3:31
  Speaker 4: so you've got three gym memberships? And is this your
• 3:33
  Speaker 4: fourth gym membership?
• 3:35
  Speaker 2: This is my third?
• 3:35
  Speaker 4: This is your third. So you have three active gym membership.
• 3:38
  Speaker 2: The active two just recently canceled. Okay, cool money. You
• 3:41
  Speaker 2: did have five? I did have five?
• 3:43
  Speaker 4: Okay, so you had five gym memberships, you now have three.
• 3:47
  Speaker 4: Talk to me about why we've got three active gym
• 3:50
  Speaker 4: memberships because I don't even go to the gym once
• 3:52
  Speaker 4: a week. Honestly, I just like, well, okay, so I
• 3:54
  Speaker 4: hate these like fluorescent lights, Like I just want a
• 3:56
  Speaker 4: gym that's like dark and it's got the neon lights. Anyway,
• 3:59
  Speaker 4: finally to try and see if they've got that right,
• 4:03
  Speaker 4: are you like checking first?
• 4:05
  Speaker 2: Unfortunately I did join without checking first.
• 4:07
  Speaker 5: But it is it's perfect right in my house.
• 4:08
  Speaker 2: It's it's brand new as well, so it's like a
• 4:10
  Speaker 2: fund a foundational memberships. It's like really cheap.
• 4:13
  Speaker 4: Oh that's a good deal.
• 4:14
  Speaker 2: Yeah, it's called base attack just in case it needs
• 4:16
  Speaker 2: to best sort of. And also I can bring a
• 4:18
  Speaker 2: friend for free for thirty days.
• 4:20
  Speaker 4: I love that.
• 4:21
  Speaker 2: If you guys want to come with me.
• 4:23
  Speaker 4: Be in it to win it. But what are we
• 4:25
  Speaker 4: doing with the other two that aren't as good because
• 4:27
  Speaker 4: you've obviously joined a new one.
• 4:28
  Speaker 2: Well, immediately after this recording, I'm going to cancel them,
• 4:32
  Speaker 2: Okay if I remember.
• 4:35
  Speaker 4: Well last my next thank you. It's a good week round, honestly,
• 4:39
  Speaker 4: how good and like that's a good brug tip canceling
• 4:42
  Speaker 4: subscriptions you don't.
• 4:43
  Speaker 2: Need exactly exactly.
• 4:46
  Speaker 4: I love this. Yeah, we can reframe this into a
• 4:48
  Speaker 4: money win. Yes, thank you, Yeah, it's possibly. I have
• 4:52
  Speaker 4: had a very productive week. For those of you who
• 4:55
  Speaker 4: don't know, I don't work on Mondays anymore because I
• 4:58
  Speaker 4: it's like my stay at home day with heart. And
• 5:01
  Speaker 4: on Monday, Harvey and I picked up a cozy coop
• 5:06
  Speaker 4: from Facebook Marketplace.
• 5:07
  Speaker 2: That's sounds so cute.
• 5:08
  Speaker 4: Yeah, do you know what a cozy coop is? You
• 5:10
  Speaker 4: were the like little red and yellow car that little
• 5:12
  Speaker 4: toddlers go in and they push it with their legs,
• 5:14
  Speaker 4: like the plastic like little tykes brand one. Yes, yeah,
• 5:17
  Speaker 4: So we picked up one of those and it cost
• 5:20
  Speaker 4: me like twenty bucks on Facebook Marketplace, which is a
• 5:22
  Speaker 4: money win. There's so many of them on there, and
• 5:25
  Speaker 4: I'm currently converting it into a golf cart. I have
• 5:30
  Speaker 4: painted the whole of the outside. I went to Kmart
• 5:33
  Speaker 4: and I got these. They were like seven dollars for
• 5:35
  Speaker 4: like little kid's golf set. And yeah, I like organized
• 5:39
  Speaker 4: his first birthday, which is going to come as no
• 5:41
  Speaker 4: surprise as golf theme. That's very cute because his dad
• 5:45
  Speaker 4: is obsessed with golf, like ever since Harvey was born.
• 5:49
  Speaker 4: So he's like, when do you reckon? He'll have an interesting.
• 5:52
  Speaker 2: Golf like not for least.
• 5:55
  Speaker 4: Not for a while, but that's okay. He can't wait
• 5:58
  Speaker 4: to buy Harvey his first clubs, and like, I'm all
• 6:01
  Speaker 4: about a kid's birthday party, like that's just fun, but
• 6:05
  Speaker 4: when they turn one, he doesn't really have any interests yet.
• 6:09
  Speaker 4: So like, I feel like this is the only year
• 6:11
  Speaker 4: that Steve and I are allowed to pick the theme. Yeah,
• 6:14
  Speaker 4: because like next year he's going to be two and
• 6:15
  Speaker 4: probably like blueye or something, you know, Yeah, and that's
• 6:18
  Speaker 4: going to navigate or tell us what theme should occur.
• 6:22
  Speaker 4: I don't even know if he's going to get annual
• 6:24
  Speaker 4: birthday parties, but who knows. Yeah, but this year we
• 6:27
  Speaker 4: picked golf as the theme, and his theme is whole
• 6:30
  Speaker 4: in one. I think that's that's cute.
• 6:33
  Speaker 2: You gotta take advantage of these formative years.
• 6:36
  Speaker 4: I think it's going to be really good. Like this
• 6:37
  Speaker 4: sounds like it's a really big party, it's not. We're
• 6:39
  Speaker 4: actually just going basically for a barbecue in the park.
• 6:42
  Speaker 4: But he's going to have a golf cart that I've
• 6:44
  Speaker 4: made out of a cozy coop.
• 6:45
  Speaker 2: You're going to make a book marketplace Women's Weekly Golf course.
• 6:50
  Speaker 4: No, but we have the Woman's Weekly Cookbook and Steve
• 6:53
  Speaker 4: and I were literally talking about it yesterday, like what
• 6:56
  Speaker 4: one we should make, and Steve's committed. He's like, I
• 6:59
  Speaker 4: really want to make the train. I always wanted the
• 7:01
  Speaker 4: train as a kid, like and my husband's a train kid.
• 7:03
  Speaker 4: So yes, we'll see.
• 7:05
  Speaker 2: He's cute.
• 7:06
  Speaker 4: But the cake at a golf pub, That's what I'm
• 7:09
  Speaker 4: thinking exactly. That's the current dilemma, which is honestly the
• 7:13
  Speaker 4: biggest thing stressing our relationship at this point.
• 7:16
  Speaker 2: I'm stress.
• 7:18
  Speaker 4: But let's get further into the show, less about me,
• 7:22
  Speaker 4: less about my cozy coop journey. I am sharing it
• 7:24
  Speaker 4: all on Instagram for those of you who are interested.
• 7:27
  Speaker 4: In Victoria's rogue DIY side note, I did get in
• 7:31
  Speaker 4: trouble from my husband.
• 7:33
  Speaker 5: Spray paint.
• 7:34
  Speaker 4: Yeah.
• 7:35
  Speaker 5: I looked at that and I was like, good lord.
• 7:37
  Speaker 4: So I took it out into the garden and I
• 7:40
  Speaker 4: spray painted it.
• 7:42
  Speaker 2: Yeah, but on the grass, that's fine, like hair just
• 7:46
  Speaker 2: grows out.
• 7:47
  Speaker 4: Well, I told Steve, I can fix it, babe, don't worry.
• 7:50
  Speaker 4: I'll just spray paint the green, because we've hit green
• 7:53
  Speaker 4: as the golf cut color. I'll just spray paint over
• 7:55
  Speaker 4: all the black green.
• 7:57
  Speaker 2: Yeah, that's great. I said that.
• 7:58
  Speaker 4: That's not going to fix it.
• 8:00
  Speaker 2: No, that's a great idea.
• 8:01
  Speaker 4: I thought it was good too. It happened, It didn't matter.
• 8:05
  Speaker 4: It's just grass. Like you'll mow the grass and chop
• 8:08
  Speaker 4: off all the paint bits.
• 8:09
  Speaker 2: Yeah, or what does it like kill it or something?
• 8:12
  Speaker 4: Look, I actually didn't think about it too deeply, but man.
• 8:15
  Speaker 5: Bugs in the grass.
• 8:17
  Speaker 4: Oh I didn't.
• 8:18
  Speaker 2: Give it a little bug?
• 8:19
  Speaker 4: Maybe did I until now? But the amount of people
• 8:22
  Speaker 4: that are angry at me in my DMS as well,
• 8:24
  Speaker 4: Oh lordie, you should have got newspaper. You should have
• 8:28
  Speaker 4: done this on cardboard. What are you doing, Victoria? That's
• 8:30
  Speaker 4: so bad? For the environment. I'm thinking I have ADHD.
• 8:33
  Speaker 4: Like I decided last minute to go get this Facebook
• 8:37
  Speaker 4: marketplace thing and go to the shops and get spray paint.
• 8:40
  Speaker 4: I did it so quickly that I had to make
• 8:43
  Speaker 4: three Bunnings trips on Monday because I literally didn't have
• 8:47
  Speaker 4: any of the stuff I needed. And it turns out
• 8:50
  Speaker 4: you need more than one spray can of paint.
• 8:53
  Speaker 2: Is the end of it. You're like, I may as
• 8:54
  Speaker 2: well have just bought a golf cart.
• 8:56
  Speaker 4: Well, yeah, like the paint is definitely going to cost
• 8:59
  Speaker 4: me more than the actual golf cart. And the fact
• 9:01
  Speaker 4: that I then got on the internet and was like, oh,
• 9:04
  Speaker 4: you know, like the stick on silver molding for cars,
• 9:07
  Speaker 4: I bought some of that.
• 9:08
  Speaker 2: Yeah you got to Yep, you can do that.
• 9:10
  Speaker 4: You can get custom number plates.
• 9:12
  Speaker 2: Oh you gotta get cut So I got a little it.
• 9:14
  Speaker 4: Was ten dollars, but like custom number plate for the back.
• 9:18
  Speaker 4: And then I'm like, do you know what would be
• 9:19
  Speaker 4: cooler if I google golf brands and then message old
• 9:24
  Speaker 4: mat Jesse Richie. He's obsessed with her cricket, which is
• 9:27
  Speaker 4: a laser cutter. Is it a laser cutter? Kind of
• 9:29
  Speaker 4: like a like a fine point cutter. It's got a
• 9:31
  Speaker 4: fine point cutter for vinyl.
• 9:33
  Speaker 2: That's cool.
• 9:33
  Speaker 4: Asked her to cut out a golf sticker so we
• 9:36
  Speaker 4: can put it on the side of the cozy coop.
• 9:38
  Speaker 5: Yeah, right now, that's a.
• 9:43
  Speaker 4: Very funn What else do you get a one year old?
• 9:46
  Speaker 2: Yeah, exactly nothing.
• 9:48
  Speaker 4: It's fun, it's dy, it's made with love. It looks
• 9:50
  Speaker 4: like it's made with love. So I just will be
• 9:52
  Speaker 4: taking photos of it from far away. Would you guys
• 9:57
  Speaker 4: like to hear a five star review that we received
• 9:59
  Speaker 4: this week? Yes, surely. We also received a one star
• 10:03
  Speaker 4: review this week. It said that I had a receding hairline.
• 10:05
  Speaker 4: So I'm just not going to read that one out,
• 10:07
  Speaker 4: but I will read you the five star one yet
• 10:09
  Speaker 4: perfect is so me. I was like, oh, did you notice.
• 10:13
  Speaker 2: I give it a one star because sorry, I don't
• 10:16
  Speaker 2: like your hairline?
• 10:18
  Speaker 6: Yeah?
• 10:19
  Speaker 4: How cute?
• 10:20
  Speaker 6: Right?
• 10:20
  Speaker 4: Anyway, So this is the five star review got cord hairlines.
• 10:23
  Speaker 4: This is from thanks, I agree with myself and using
• 10:26
  Speaker 4: it myself too. This is from Tash, and Tash says
• 10:30
  Speaker 4: scene and support it. Thanks so much to all the
• 10:32
  Speaker 4: wonderful humans, and she's on the money for making me
• 10:35
  Speaker 4: feel seen and supported with this podcast, I've been able
• 10:38
  Speaker 4: to develop some financial literacy and reframe my mindset towards money.
• 10:42
  Speaker 4: Although this is a long work in progress, it's happening.
• 10:46
  Speaker 4: Last year I was in my final year of UNI
• 10:48
  Speaker 4: and for my honors project, I actually used the She's
• 10:51
  Speaker 4: on the Money podcast as a treatment group for my
• 10:53
  Speaker 4: experimental study. My project was on studying cockertoo dance behavior.
• 11:00
  Speaker 4: You TVD Beck and Jess for your explanations, insights, vulnerability,
• 11:05
  Speaker 4: and kind words. Thank you for changing the trajectory of
• 11:08
  Speaker 4: my money journey. Finally, thank you for being part of
• 11:11
  Speaker 4: my UNI journey. My project is in the progress of
• 11:14
  Speaker 4: being reviewed to be published.
• 11:17
  Speaker 2: That is so cool.
• 11:18
  Speaker 5: Although I am just picturing cockatoos with like little like headphones,
• 11:23
  Speaker 5: like yeah, yes, that's not I think it's roughly Yeah.
• 11:31
  Speaker 4: I was involved like She's on the Money podcast as
• 11:34
  Speaker 4: a treatment group for my experimental study. Like are you
• 11:37
  Speaker 4: saying that I got to talk to cockatoos? That's really
• 11:40
  Speaker 4: that's so cool.
• 11:42
  Speaker 2: A whole thing is really nice and really sweet and
• 11:43
  Speaker 2: thank you so so that must be some actually good
• 11:46
  Speaker 2: research as well, because as someone who also did her
• 11:49
  Speaker 2: honor year and that was stressful, it's like next level
• 11:52
  Speaker 2: to finish your like your piece of worse work or
• 11:55
  Speaker 2: your thesis, then you have.
• 11:57
  Speaker 4: To like apply and have viewed to be published. Like
• 12:00
  Speaker 4: that's a completely different ball game and so stressful. So
• 12:03
  Speaker 4: congrats because that's actually such a huge feat. That's huge,
• 12:07
  Speaker 4: like my receiving hairline. Yes, exactly, thank you, thank you.
• 12:11
  Speaker 4: All right, let's move on because I'm excited, Jess. You
• 12:15
  Speaker 4: said earlier that you have some pretty good community money
• 12:18
  Speaker 4: wins to share. Let's kick it off.
• 12:20
  Speaker 5: I'm going to start off with one that I'm quite
• 12:21
  Speaker 5: jealous of from Nat, who's.
• 12:23
  Speaker 4: Oh, that's what it is, money win.
• 12:25
  Speaker 5: I've just found out I've been picked to work in Antarctica. Whoa,
• 12:29
  Speaker 5: she has to pass all sorts of tests and it
• 12:31
  Speaker 5: will be very cold, but the money will be super
• 12:33
  Speaker 5: worth it, as well as the experience.
• 12:34
  Speaker 4: Excuse me, sorry, Like, how cool is our community?
• 12:37
  Speaker 2: I know that's so cool.
• 12:38
  Speaker 4: I always wanted. We've got people doing cockatoo research projects.
• 12:42
  Speaker 4: We've got somebody going to Antarctica. Like, yes, you guys
• 12:46
  Speaker 4: are so.
• 12:47
  Speaker 5: Cool, fairy tail, I know, I'm very very gelalous. Have
• 12:50
  Speaker 5: a great time, Nat. Next, I've got a money win
• 12:52
  Speaker 5: from Sophie who said she entered a competition on Instagram
• 12:54
  Speaker 5: where you gets a number between one and a hundred.
• 12:57
  Speaker 5: She guessed it correctly and she won a free nights
• 12:59
  Speaker 5: stay case.
• 13:01
  Speaker 4: My partner and I try.
• 13:02
  Speaker 5: To do a date night once a fortnight, so we
• 13:04
  Speaker 5: saved ourselves quite a bit of money by doing that.
• 13:06
  Speaker 4: That's actually so cool.
• 13:08
  Speaker 5: Yeah, And I feel like people sometimes say to people,
• 13:09
  Speaker 5: ever win Instagram competitions, and as a company that runs them,
• 13:13
  Speaker 5: sometimes people do in them, and.
• 13:14
  Speaker 4: It's so fun to tell me that they want them,
• 13:18
  Speaker 4: so nice win right, Yeah, so you can't join no beck,
• 13:22
  Speaker 4: Sorry you work here. Sorry rules sadly.
• 13:26
  Speaker 5: Next, I've got a money in from Amber, who said
• 13:27
  Speaker 5: she booked a media holiday by converting flybas points to
• 13:30
  Speaker 5: Velocity points, and she had flights and five nights accommodation
• 13:33
  Speaker 5: are fully covered. They just had to pay for the
• 13:35
  Speaker 5: additional three nights and a little of spending money for
• 13:38
  Speaker 5: their trip.
• 13:39
  Speaker 4: Oh. I love that. I have been points hacking to
• 13:41
  Speaker 4: hilt recently and just like doing all the maths for
• 13:44
  Speaker 4: the behind the scenes of like what my points are
• 13:46
  Speaker 4: worth if I like changed them to Velocity, or if
• 13:49
  Speaker 4: I bought gift cards, or like what that looks like
• 13:52
  Speaker 4: I've just been trying to make the most of it
• 13:53
  Speaker 4: because yeah, I feel like my points hacking era yeah yeah, yeah,
• 13:58
  Speaker 4: and I just want to be able to points hack,
• 13:59
  Speaker 4: not just on a credit card. Yeah, and there's lots
• 14:02
  Speaker 4: of free points. I also side notes, sorry, did you
• 14:05
  Speaker 4: know that you can add your fly buys to your
• 14:07
  Speaker 4: Apple wallet? Yeah? Oh, look at this, Look at this.
• 14:11
  Speaker 4: My flybys is just on my Apple wallet every single time.
• 14:17
  Speaker 4: I'm going to see myself out.
• 14:19
  Speaker 5: Next, I've got a money in from Sheridan who said
• 14:21
  Speaker 5: money win. I found chocolate bars and chocolate blocks in
• 14:24
  Speaker 5: the clearance section of my local BW, so I've stashed
• 14:27
  Speaker 5: them away for Easter. We've got four kids and chocolate
• 14:30
  Speaker 5: is halla expensive this year. Side note, has anybody's seen
• 14:35
  Speaker 5: the price of Eastern chocolate yet?
• 14:38
  Speaker 6: Shooked?
• 14:40
  Speaker 2: She is discussed and even like a block of chocolate
• 14:43
  Speaker 2: seven dollars.
• 14:45
  Speaker 5: Sorry, a big block of Capri dairy milk is now
• 14:47
  Speaker 5: eight dollars and big or like a family block, okay,
• 14:51
  Speaker 5: eight dollars like maybe a year ago it was five
• 14:53
  Speaker 5: dollars a block.
• 14:54
  Speaker 4: Yes, I feel like five dollars in my head is
• 14:56
  Speaker 4: what a block of chocolate costs. Yeah, big like, that's
• 14:58
  Speaker 4: to me a sweet tree.
• 15:00
  Speaker 2: It's like it's a huge yes, But those like those
• 15:03
  Speaker 2: regular blocks of chocolates seven dollars.
• 15:06
  Speaker 4: I'm really sorry that should be illegal. I know Easter
• 15:10
  Speaker 4: chocolate should not be subject to inflation. I'm sorry. We're
• 15:14
  Speaker 4: in the cost of living crisis and we all know
• 15:16
  Speaker 4: that kids benefit from Easter chocolate as well as Jessica Ricci.
• 15:20
  Speaker 4: It should not cost more each year. It's crazy.
• 15:23
  Speaker 5: I saw someone post about it online. So you know
• 15:26
  Speaker 5: the linked bunny rabbit, Yeah, little little small gold ones
• 15:30
  Speaker 5: and yes, lint is normally like a little bit.
• 15:32
  Speaker 4: Link bunnies are the bee one correct.
• 15:34
  Speaker 5: On special at Coal's they were two for twenty five.
• 15:40
  Speaker 4: Special. That's not on, that's not on.
• 15:44
  Speaker 5: I couldn't believe it, like the you know how you
• 15:46
  Speaker 5: get that that's what my mum gave me a like
• 15:49
  Speaker 5: twenty dollars.
• 15:50
  Speaker 4: Absolutely not.
• 15:51
  Speaker 5: I was what's a humpty dumpty cost one moment?
• 15:54
  Speaker 2: Yeah, really, I really need to know what a humpty
• 15:56
  Speaker 2: dumpty cost?
• 15:57
  Speaker 4: A humpty dumpty iconic?
• 15:59
  Speaker 2: What about these little egg boxes?
• 16:01
  Speaker 4: And also, while we're on the chocolate train, one of
• 16:05
  Speaker 4: my favorite things, and I know one of jess Goci's
• 16:07
  Speaker 4: favorite things at Easter time is the Malteser Bunny multi
• 16:13
  Speaker 4: bunny checkout, Malteser Baby to check out. It's a dollar.
• 16:16
  Speaker 4: It's a dollar. You get your little Malteser Bunny. Jessica,
• 16:20
  Speaker 4: it's kick cat. Oh they've changed it. It's not a
• 16:23
  Speaker 4: Malteser bunny anymore. It is a cat bunny. And that
• 16:26
  Speaker 4: should have been illegal because I picked one up. I
• 16:29
  Speaker 4: wasn't looking. I was at checkout. I'm an impulse purchaser,
• 16:33
  Speaker 4: so I was like, yeah, I want a Malteser Bunny.
• 16:35
  Speaker 4: I deserve this sweet treat. On my drive home, pick
• 16:38
  Speaker 4: it up, don't even think about it check out. I'm
• 16:40
  Speaker 4: like eating it, thinking this doesn't have the same crunch
• 16:44
  Speaker 4: Like there's not the crispy bits you know in the
• 16:45
  Speaker 4: malt Teser one, if you know, you know, like the
• 16:48
  Speaker 4: little crunchy boy, like the bull bits. That's my favorite.
• 16:51
  Speaker 4: I don't even care that it gets stuck in my teeth.
• 16:54
  Speaker 4: It's my favorite.
• 16:55
  Speaker 2: It's it's great when you get stuck, you teeth get
• 16:57
  Speaker 2: a little bits a flavor throughout that.
• 16:58
  Speaker 4: This has gotten stingy. This has gotten bad to the
• 17:01
  Speaker 4: point where I checked the wrapper and it said kickat
• 17:03
  Speaker 4: and I was like, hold up, I just got I
• 17:05
  Speaker 4: just got duped.
• 17:10
  Speaker 5: You nine dollars fifty this year. I know what it
• 17:12
  Speaker 5: was previously. Oh that feels like two grand.
• 17:16
  Speaker 4: That's that's little. And look at that. That's not even No,
• 17:19
  Speaker 4: that's the little one.
• 17:20
  Speaker 2: I'm sure it was five dollars at some point in
• 17:22
  Speaker 2: my lifetime.
• 17:23
  Speaker 4: Yeah, I feel like or Easter chocolate should be.
• 17:25
  Speaker 5: I'm just really surprised by the prices this year. So
• 17:27
  Speaker 5: extra good win there from Sheridan to pick up something
• 17:30
  Speaker 5: and stashed away for later.
• 17:32
  Speaker 2: H my god, sorry Sheridan, I forgot where we started.
• 17:35
  Speaker 4: My goodness. Also di I wise like Easter di wise
• 17:38
  Speaker 4: this year, I think are in Yeah, like finding little
• 17:41
  Speaker 4: baskets and stuff on Facebook and the little chicks, Yes,
• 17:45
  Speaker 4: the chips from the reject shop.
• 17:47
  Speaker 5: Yeah, what else you got, Chess, I've got money in
• 17:51
  Speaker 5: from Mikayla, who said she challenged a parking ticket and
• 17:53
  Speaker 5: she won.
• 17:54
  Speaker 4: She said, got the law and a.
• 17:58
  Speaker 5: No ninety dollars sign for her. She's say, well, I'm Kayla,
• 18:01
  Speaker 5: stick to the man.
• 18:02
  Speaker 4: Oh my gosh, I actually am going to do that
• 18:04
  Speaker 4: this week too. The other day, Jess and I went
• 18:06
  Speaker 4: to Plarties together and I ended up with a parking ticket.
• 18:09
  Speaker 4: I was off it and I just realized that it
• 18:12
  Speaker 4: happened one minute like on their thing, it happened one
• 18:16
  Speaker 4: minute after the allocated time.
• 18:18
  Speaker 2: Oh you can just say that you're after I mean,
• 18:24
  Speaker 2: I was fined. No, but you could be like I
• 18:27
  Speaker 2: was getting a new ticket orderer.
• 18:30
  Speaker 4: Yeah, Like I just I give it a crack. I'm
• 18:32
  Speaker 4: going to give it a crack because I was so
• 18:34
  Speaker 4: salty on it because at the time, I was like,
• 18:36
  Speaker 4: I really don't think I'd overstated it. I didn't think
• 18:38
  Speaker 4: it was that like that close. I was like Plati's
• 18:42
  Speaker 4: class was like an hour. The parking spot was like
• 18:45
  Speaker 4: an hour, so yes, but I did run in late, remember,
• 18:50
  Speaker 4: like we ran down the street. So anyway, that's me.
• 18:54
  Speaker 4: I just don't want to pay it, Mum, I know
• 18:57
  Speaker 4: I don't like I could find that.
• 18:59
  Speaker 5: And last night It's a month of Money one from Gabrielle,
• 19:00
  Speaker 5: who said money Win Disney's price jump of three dollars
• 19:03
  Speaker 5: per month was just too much for us, So we're
• 19:05
  Speaker 5: canceling our eighteen dollars per month subscription, which will save
• 19:08
  Speaker 5: us two hundred and fifteen dollars.
• 19:09
  Speaker 4: A Yeah, that's actually really good. Yeah, exactly little essentially,
• 19:14
  Speaker 4: so good money win tip for people with kids. Obviously
• 19:17
  Speaker 4: you can't share Netflix anymore, but you can still share
• 19:20
  Speaker 4: Disney and you can do that with all of the
• 19:22
  Speaker 4: other mums in mum good scroup. Not that I would
• 19:24
  Speaker 4: do that, definitely, I wouldn't do that.
• 19:26
  Speaker 2: Also, I do want to say Netflix with ads is
• 19:28
  Speaker 2: what I'm paying. It's like eight dollars a month, which
• 19:30
  Speaker 2: is still like that was the original price, and that's fine,
• 19:33
  Speaker 2: but it's there's honestly not that many ads. And also
• 19:35
  Speaker 2: I kind of like it a it's a little like intermission.
• 19:38
  Speaker 4: We and our team definitely would not share our logins
• 19:41
  Speaker 4: to different platforms. We would we would never never save money, never, no, no,
• 19:48
  Speaker 4: except for Netflix, which we tried and it still doesn't work.
• 19:53
  Speaker 2: Can you just be traveling?
• 19:55
  Speaker 4: Yeah, I'm always traveling, But then it sends you like
• 19:57
  Speaker 4: a code to your emails. It's a whole thing like
• 20:01
  Speaker 4: not that we would have tried. We definitely we've never
• 20:04
  Speaker 4: tried praying for all of our own subscriptions.
• 20:06
  Speaker 2: Absolutely.
• 20:06
  Speaker 4: All right, let's move on, Miss becksa ed. I think
• 20:09
  Speaker 4: that was a good break tip from me, but what.
• 20:12
  Speaker 2: To the table snatched one right out of my hands.
• 20:15
  Speaker 2: So I've got, as always, two from the community, one
• 20:18
  Speaker 2: for myself. This first one comes from Hannah, who sent
• 20:20
  Speaker 2: me a reel of It's very funny. It's very on
• 20:23
  Speaker 2: my alley. This brand called nineteen twenty. They sell what
• 20:27
  Speaker 2: looks to be like a bag that also turns into
• 20:29
  Speaker 2: a raincoat. And this bag you can, like if you're traveling.
• 20:33
  Speaker 2: This is more so if you're traveling. I suppose like
• 20:35
  Speaker 2: you just chuck all your things in the bag and
• 20:37
  Speaker 2: then when you put the raincoat on to get onto
• 20:40
  Speaker 2: the plane or whatever, so you don't have any checking baggage.
• 20:42
  Speaker 2: The pockets are so deep, but the whole thing's puffy,
• 20:46
  Speaker 2: so you wouldn't even notice if you had a whole
• 20:48
  Speaker 2: last laptop in one of your pockets. Like it just
• 20:50
  Speaker 2: like kind of all blends in. Yeah, I can send
• 20:52
  Speaker 2: this like and you can, you know, put it where
• 20:55
  Speaker 2: you like, But just that people have an idea of
• 20:56
  Speaker 2: what I'm talking about. It's a big, puffy long I
• 21:00
  Speaker 2: would say, yeah, like a Poppa jacket, because.
• 21:02
  Speaker 5: I was gonna say, what do you do with the
• 21:03
  Speaker 5: stuff that was in the bag? When yes, from bag.
• 21:05
  Speaker 2: Too, and exactly, well, that is all for your gigantic pockets.
• 21:10
  Speaker 2: So you can either put all your clothes on or
• 21:14
  Speaker 2: literally stuff them in the pockets and you're good to go.
• 21:16
  Speaker 2: You'll probably be taking up a lot of real estate,
• 21:19
  Speaker 2: but it doesn't look weird.
• 21:21
  Speaker 5: Yeah, and then when you're on the plane, you can
• 21:22
  Speaker 5: put it back in the bag, so you don't have
• 21:24
  Speaker 5: to wear exactly.
• 21:25
  Speaker 2: You just fold that back up into a bag.
• 21:26
  Speaker 5: That is genius. It's so funny though, I was like,
• 21:28
  Speaker 5: why would you be putting a ring? It doesn't rain
• 21:30
  Speaker 5: on the plane.
• 21:31
  Speaker 2: It doesn't. You're scared and you're crying. So this next
• 21:37
  Speaker 2: one comes from Emma who says that her and her
• 21:40
  Speaker 2: partner do this thing called Invisible Guest kind of like it's.
• 21:44
  Speaker 4: Like it's yeah, it's kind of like mystery shopping.
• 21:46
  Speaker 2: Yes, exactly exactly. So you sign up, you do have
• 21:49
  Speaker 2: to be like relatively good at writing because they do
• 21:51
  Speaker 2: kind of like check to make sure that you're You
• 21:54
  Speaker 2: basically go in and you have to review everything. But
• 21:56
  Speaker 2: when I say review, I mean like not even just
• 21:58
  Speaker 2: the food, like the entry and it's like, is there
• 22:00
  Speaker 2: like clear signs to the toilets like everything?
• 22:04
  Speaker 4: Yeah?
• 22:04
  Speaker 2: Cool? So you be on, but you can also just
• 22:06
  Speaker 2: like wear a GoPro and secretly film everyone.
• 22:09
  Speaker 4: Like you nodded it out, producer, because we all know that,
• 22:12
  Speaker 4: like our producer actually does that, and like that's like
• 22:14
  Speaker 4: from her. She's like very she's on the money. Coded
• 22:17
  Speaker 4: oh yeah, oh we read this.
• 22:20
  Speaker 2: And the benefit is that you get invited all these
• 22:22
  Speaker 2: different restaurants and you get like a certain amount to spend.
• 22:25
  Speaker 2: It's not like thirty bucks. It's probably like you know,
• 22:27
  Speaker 2: in a couple of one hundred. Yeah, yeah, it's wild.
• 22:30
  Speaker 2: It is wild.
• 22:31
  Speaker 4: So I would definitely review my dinner for a free dinner. Absolutely,
• 22:35
  Speaker 4: I would review invisible guest. Invisible Guests, you sign up.
• 22:39
  Speaker 2: I believe there's like a bit of a wait list,
• 22:40
  Speaker 2: but you just sign up anyway, sign up right.
• 22:43
  Speaker 4: Now, sign up, and then if you get on, you
• 22:45
  Speaker 4: get on, and then yeah, your partner can have free
• 22:47
  Speaker 4: date night exactly.
• 22:50
  Speaker 2: It's kind of cute because I loved reminisce and debrief
• 22:53
  Speaker 2: after a date and so even if it's just literally.
• 22:56
  Speaker 4: Literally just like reminiscing and you're like actually sharing that, well,
• 23:01
  Speaker 4: I'm technically being paid for this exactly.
• 23:04
  Speaker 2: And then we kissed under the Moodlight.
• 23:08
  Speaker 4: Reviews would be so detailed. They'd be like, this actually
• 23:11
  Speaker 4: has nothing. Why was she sharing what she was thinking about?
• 23:20
  Speaker 4: The ice cubes in my bitters were perfectly shaped.
• 23:24
  Speaker 2: Her eyes were listening, and I would just be talking
• 23:28
  Speaker 2: about my visceral reaction to everything. Anyway. Yeah, but yes,
• 23:30
  Speaker 2: so I think it's really really great. And then the
• 23:32
  Speaker 2: next one is because you know, it's kind of like
• 23:34
  Speaker 2: I'm clean onto valopan and stand but you guys, But
• 23:37
  Speaker 2: I always want to preface this by saying, like I
• 23:39
  Speaker 2: never mentioned these things like give myself like a paddleback
• 23:42
  Speaker 2: or a round of a pause. I literally just.
• 23:44
  Speaker 4: I literally don't think that you do.
• 23:45
  Speaker 2: Okay, I literally want to tell people.
• 23:48
  Speaker 4: I want I want to know what you did on
• 23:50
  Speaker 4: your Valentine's Day and how it worked and your tips
• 23:52
  Speaker 4: and tricks. Because I booked a beautiful dinner for my
• 23:55
  Speaker 4: husband and I and then I had gastro so that
• 23:58
  Speaker 4: was my Yes, well you know, so tell me what
• 24:02
  Speaker 4: did you do?
• 24:03
  Speaker 2: So I'll just give you one because I don't want
• 24:05
  Speaker 2: to bore the people. So I we decided to reboard.
• 24:08
  Speaker 2: We're like, what next, you guys, So we decided not
• 24:12
  Speaker 2: to buy anything we're just going to make stuff, and
• 24:14
  Speaker 2: so I got literally I'm not joking. Also, if anyone
• 24:17
  Speaker 2: doesn't know this, you can get free cardboard boxes from Bunnings,
• 24:19
  Speaker 2: like moving boxes. So I went and got cardboard boxes
• 24:22
  Speaker 2: from Bunnings. I got some fabric glue, some fabric from Spotlight.
• 24:27
  Speaker 2: Buy the fabric from Spotlight. She's circumventing the rules here.
• 24:30
  Speaker 4: I think.
• 24:30
  Speaker 2: I know that's true. But it wasn't that much money.
• 24:33
  Speaker 2: You can tell adjusts, It's okay exactly. So you just
• 24:36
  Speaker 2: get some cheap fabric, whatever color you like. And what
• 24:38
  Speaker 2: I did was I like built this, like not built.
• 24:41
  Speaker 2: I'm saying, like, oh my god, I'm so anyway, I
• 24:43
  Speaker 2: made this old school chocolate box. You know, there's like,
• 24:46
  Speaker 2: you know, heart shaped chocolate boxes, literally just cardboard and paper,
• 24:51
  Speaker 2: duct tape and.
• 24:52
  Speaker 4: Fabric covered it in fabric. And then if you.
• 24:55
  Speaker 2: Are ever at a point where you can afford a
• 24:56
  Speaker 2: Ferrero a share, then maybe you can.
• 24:58
  Speaker 4: Chuck those or a share boogie. That's actually Jess's favorite chocolate.
• 25:02
  Speaker 2: Yes, but if only never buy them for yourself, which
• 25:06
  Speaker 2: I respect. But I think you're allowed to.
• 25:08
  Speaker 4: I think you're allowed to. But I just don't think
• 25:10
  Speaker 4: that they would taste as good.
• 25:12
  Speaker 2: No, they wouldn't taste as good. That's so true.
• 25:14
  Speaker 4: I just I feel like the flavor would be off, but.
• 25:16
  Speaker 2: The taste as good if you're buying for someone else
• 25:18
  Speaker 2: and you're eating them.
• 25:19
  Speaker 4: Yeah, absolutely. I also feel like I'm convinced if you
• 25:22
  Speaker 4: purchased them for yourself and took them home, you'd open
• 25:25
  Speaker 4: the Ferrero Ro share and I can almost guarantee it
• 25:28
  Speaker 4: would be one of those ones with the little white
• 25:29
  Speaker 4: spots on them.
• 25:31
  Speaker 2: Yeah, that's true.
• 25:31
  Speaker 4: Get got, you'd get got? Would that would be calmer?
• 25:34
  Speaker 5: Yeah?
• 25:34
  Speaker 4: For buying your own.
• 25:38
  Speaker 2: Exactly, not allowed. But yeah, and then you can fill
• 25:40
  Speaker 2: that with whatever the hell you want. You can do
• 25:42
  Speaker 2: little notes, you can make little chocolates at home, do
• 25:44
  Speaker 2: it cheap. Get some Aldi chocolate, anti chocolates. Good chocolate
• 25:48
  Speaker 2: is elite. Yes, But yeah, so that's that's that's my
• 25:52
  Speaker 2: gift broke tip is make make Make.
• 25:56
  Speaker 4: I love that and also free cardboard boxes at Bunnings
• 25:58
  Speaker 4: for your craft. It's true.
• 26:00
  Speaker 2: Mainly, that's a good one.
• 26:02
  Speaker 4: That's a good one. All right, guys, let's go to
• 26:03
  Speaker 4: a really quick break because I am chomping at the
• 26:05
  Speaker 4: bit to get into what we're talking about this week
• 26:08
  Speaker 4: a money dilemma all about how to get a better
• 26:10
  Speaker 4: rate on your mortgage, which you guys know I'm wildly
• 26:13
  Speaker 4: passionate about. But on the flip side, then we get
• 26:15
  Speaker 4: to have a chat about something that's leading to our
• 26:17
  Speaker 4: dms out and we're chatting whether you should start a
• 26:19
  Speaker 4: side hustle with a friend. Don't go anywhere.
• 26:26
  Speaker 5: Welcome back, everybody. Let's take a listen to this week's
• 26:29
  Speaker 5: money dilemma.
• 26:32
  Speaker 2: Hi.
• 26:32
  Speaker 4: There, have you got a money dilemma you just can't solve?
• 26:35
  Speaker 4: The Sheese on the Money team is here to help.
• 26:38
  Speaker 7: Every week, we tackle your dilemmas, both big and small,
• 26:41
  Speaker 7: to answer your most burning money, career and life questions.
• 26:44
  Speaker 7: To get involved, simply head to our website and leave
• 26:46
  Speaker 7: us a short voice recording and you might just find
• 26:49
  Speaker 7: yourself on the show. Now, let's take a listen to
• 26:51
  Speaker 7: this week's money dilemma.
• 26:54
  Speaker 6: Hi, girls, I'm just looking to decarrise my interest rate
• 26:59
  Speaker 6: with my banks. I'm not wanting to do a full refinance,
• 27:04
  Speaker 6: as that's a lot right now, I don't have the
• 27:06
  Speaker 6: energy that I was just wondering how do I go
• 27:11
  Speaker 6: about calling up my own bank and just seeing if
• 27:15
  Speaker 6: I can get a lower interest rate currently on about
• 27:19
  Speaker 6: six point one four and I've seen online that they've
• 27:23
  Speaker 6: got ones available for you know, five point nine or
• 27:28
  Speaker 6: something like that, and I know it's not a huge difference,
• 27:31
  Speaker 6: but I still would like to take advantage of that.
• 27:35
  Speaker 6: Is there a certain amount of times that you can
• 27:38
  Speaker 6: do this? Is there a limit? I've just got heaps
• 27:42
  Speaker 6: of questions about it, and I really just need like.
• 27:44
  Speaker 4: A full overview of that. Thanks. This is a really
• 27:48
  Speaker 4: good question. First off, you said, oh, I don't want
• 27:51
  Speaker 4: to refinance at the moment, like that's too hard. If
• 27:54
  Speaker 4: you go and see a good mortgage broker, they do
• 27:57
  Speaker 4: all the work, like you don't have to do anything,
• 27:59
  Speaker 4: and you could get an even better rate. But you've asked, basically,
• 28:03
  Speaker 4: how do I get a better rate with my current bank?
• 28:06
  Speaker 4: You negotiate jess On our website, we have a free
• 28:10
  Speaker 4: template of how to negotiate a better deal, and you
• 28:12
  Speaker 4: can use it for like your car insurance. You could
• 28:14
  Speaker 4: use it for your gas and electricity. You could use
• 28:17
  Speaker 4: it to call your bank and say I want a
• 28:18
  Speaker 4: better rate. But what I would do is just pick
• 28:20
  Speaker 4: up the phone and have a chat to them and
• 28:22
  Speaker 4: say hey, Like, I just want to talk to the
• 28:24
  Speaker 4: right people about getting a better rate on my home
• 28:26
  Speaker 4: loan and not just taking the first no as a no,
• 28:30
  Speaker 4: because they're going to go, oh no, sorry, that's for
• 28:32
  Speaker 4: new customers only, or that's for you know, a limited
• 28:35
  Speaker 4: period of time or whatnot. But there is not an
• 28:37
  Speaker 4: issue with you saying oh no, Like if you can't
• 28:40
  Speaker 4: help me, can I please speak to someone who can.
• 28:42
  Speaker 4: It's like, whenever we are trying to negotiate something, the
• 28:45
  Speaker 4: most important thing to do is always maintain your call
• 28:49
  Speaker 4: like we aren't angry, we are super kind. I promise
• 28:52
  Speaker 4: you lose your temper, lose your opportunity, like you are
• 28:56
  Speaker 4: not going to be getting a single thing from anyone,
• 28:59
  Speaker 4: whether that is you know, a girl that you're asking
• 29:01
  Speaker 4: about a refund policy in a retail store or the
• 29:04
  Speaker 4: person that you're calling on the phone when talking to
• 29:06
  Speaker 4: the bank. I promise you. In the background, they're in
• 29:09
  Speaker 4: the lunch room being like this woman was so rude
• 29:12
  Speaker 4: to me, I was absolutely not going to help her,
• 29:15
  Speaker 4: Like I can't be bothered with that energy, not today, satan.
• 29:18
  Speaker 2: So you could ruin someone's day, which is also just
• 29:20
  Speaker 2: not nice one.
• 29:21
  Speaker 4: Hundred percent, like just not worth it. Be kind, but
• 29:24
  Speaker 4: then we are asking for a better rate and articulating
• 29:28
  Speaker 4: what you've seen online. So sometimes banks actually have policies
• 29:32
  Speaker 4: to say no, sorry, like I don't actually have a
• 29:35
  Speaker 4: better rate available for you, but if you mention the
• 29:39
  Speaker 4: rate that is advertised, they actually have to do something
• 29:42
  Speaker 4: about it. The same is actually true for your phone plan.
• 29:44
  Speaker 4: So if you called up your phone provider, a lot
• 29:47
  Speaker 4: of them are like, hey, cool, no, sorry, we can't help.
• 29:50
  Speaker 4: We can't help. But if you mentioned a competitors pricing
• 29:53
  Speaker 4: and said, oh, well, this other network is actually thirty
• 29:56
  Speaker 4: nine dollars a month, they go, oh okay, let me
• 29:59
  Speaker 4: put you through to our return team because you've like
• 30:01
  Speaker 4: triggered something in their process. So what I would do
• 30:03
  Speaker 4: is I'd be really clear and have some research in
• 30:05
  Speaker 4: front of you so you can without doubts say well, actually,
• 30:08
  Speaker 4: on your website it is advertised at four point eight four,
• 30:11
  Speaker 4: So I'm just wondering if I could get that. If
• 30:13
  Speaker 4: the person on the phone says no, again, we're being
• 30:16
  Speaker 4: super kind and saying thanks so much, I can see
• 30:18
  Speaker 4: that you can't help me. Is there someone that this
• 30:20
  Speaker 4: could be escalated to that I could discuss this with
• 30:23
  Speaker 4: and they might say oh no, sorry, like the buck
• 30:26
  Speaker 4: stops with me, and which point you can say you've tried.
• 30:29
  Speaker 4: But if it gets escalated, you can have that conversation
• 30:32
  Speaker 4: again and be like, hey, cool, the person before you
• 30:34
  Speaker 4: couldn't help, and I'm just wondering if this could be escalated.
• 30:36
  Speaker 4: I'd really like to be able to get a better
• 30:38
  Speaker 4: rate on my mortgage XYZ for whatever reason. You don't
• 30:42
  Speaker 4: even have to justify it. You can just ask for
• 30:44
  Speaker 4: a better rate, and if that doesn't work. Something that
• 30:46
  Speaker 4: can often be quite helpful is saying, Okay, no worries,
• 30:49
  Speaker 4: I have been thinking of leaving if I didn't get
• 30:51
  Speaker 4: a better rate. Yes, you don't have to leave. They're
• 30:53
  Speaker 4: not going to cancel your mortgage if you say that,
• 30:55
  Speaker 4: and banks are going to hate me for saying this.
• 30:57
  Speaker 4: But if you say that you are partently going to leave,
• 31:01
  Speaker 4: you are very likely going to be put through to
• 31:03
  Speaker 4: what they call their retention team, which want to give
• 31:06
  Speaker 4: people better deals so they don't leave. So calling them
• 31:10
  Speaker 4: up and saying like, hey, cool, well actually I don't know,
• 31:13
  Speaker 4: maybe i'll leave. Can you send me the release forms?
• 31:16
  Speaker 4: Because them just sending some forms doesn't mean you're signing
• 31:19
  Speaker 4: them and sending them back, but it does tell them no,
• 31:22
  Speaker 4: like seriously, I would consider other options and you will
• 31:25
  Speaker 4: lose my mortgage very likely to be put through to
• 31:28
  Speaker 4: the retention team.
• 31:29
  Speaker 2: Yes, I was going to say, like, is that a
• 31:31
  Speaker 2: thing if you call up and say, hey, you guys,
• 31:32
  Speaker 2: I am thinking refinancing. But I just wanted to see
• 31:34
  Speaker 2: if that.
• 31:35
  Speaker 4: Yeah, absolutely, you can say it however you would like,
• 31:37
  Speaker 4: there's six million different ways you could do it. But
• 31:39
  Speaker 4: like you could say, hey, I've been looking at refinancing,
• 31:42
  Speaker 4: but I wanted to give you guys the opportunity first
• 31:44
  Speaker 4: to give me a better rate, Like that might be
• 31:46
  Speaker 4: a really good way to go about it. You could
• 31:48
  Speaker 4: blame me and be like, oh, I've been listening to
• 31:50
  Speaker 4: this podcast and the woman on it keep saying that
• 31:53
  Speaker 4: we need to refinance. Excitingly, we had the first cash
• 31:57
  Speaker 4: rate drop, So the RBA announced this week first cash
• 32:00
  Speaker 4: rate drop since twenty twenty, which is so exciting, and
• 32:04
  Speaker 4: that means that the cash rate has now dropped to
• 32:06
  Speaker 4: four point one zero and that is going to bring
• 32:10
  Speaker 4: up a lot of questions for other people who are
• 32:11
  Speaker 4: thinking about refinancing. So side quest conversation, if you have
• 32:15
  Speaker 4: been thinking about refinancing, yes, now is the time to
• 32:18
  Speaker 4: think about it. In saying that right now the RBA
• 32:21
  Speaker 4: has said the cash rate has dropped, that doesn't mean
• 32:24
  Speaker 4: that the rate discounts have been passed on by your
• 32:27
  Speaker 4: bank yet either. So actually have some dates. So for
• 32:30
  Speaker 4: nab Anz, CBA and Bank West, all of those are
• 32:35
  Speaker 4: going to be articulating their rate discounts on the twenty
• 32:40
  Speaker 4: eighth of February. On the twenty seventh of February, U
• 32:44
  Speaker 4: Bank is going to be articulating THEIRS and then the
• 32:47
  Speaker 4: Bank of Melbourne wbcing those three banks are going to
• 32:51
  Speaker 4: be announcing it on the fourth of March. So if
• 32:54
  Speaker 4: you've been thinking about refinancing, the best thing to do
• 32:57
  Speaker 4: is actually have a chat with a broker now, but
• 32:59
  Speaker 4: not looking for a better rate until after the fourth
• 33:03
  Speaker 4: of March, when basically all the banks have put on
• 33:05
  Speaker 4: the table what their discount is going to be, so
• 33:08
  Speaker 4: that you're broker is able to get the best possible rate.
• 33:11
  Speaker 4: It's like in my business at the moment, we're actually
• 33:13
  Speaker 4: you know where possible, pushing clients off a little bit
• 33:16
  Speaker 4: and saying, hey, beck I know that we want to
• 33:18
  Speaker 4: like get you pre approval right now, Can you wait
• 33:20
  Speaker 4: till the fourth of March so we can get the
• 33:22
  Speaker 4: best possible deal, because if it's issued today, you'll get
• 33:26
  Speaker 4: a good deal, but it won't be including the new
• 33:29
  Speaker 4: RBA rate discount. Does that make sense? So, like, if
• 33:32
  Speaker 4: you're thinking about refining, now is actually a really good time.
• 33:35
  Speaker 4: In fact, because the RBA has dropped the cash rate,
• 33:38
  Speaker 4: that is going to mentally trigger a lot of people
• 33:40
  Speaker 4: to go and go, oh, I can rEFInd now the
• 33:43
  Speaker 4: cash rates dropped like that hasn't happened since twenty twenty,
• 33:47
  Speaker 4: So brokers are going to be busy. We are really busy,
• 33:49
  Speaker 4: but like we are so excited to refire so many
• 33:52
  Speaker 4: people's loans and get them better deals because I've been
• 33:55
  Speaker 4: chomping at the bit because it's just been going up
• 33:57
  Speaker 4: and up, like it's felt like we've got no And
• 34:01
  Speaker 4: this community member who's sent us a really sweet voicemail,
• 34:04
  Speaker 4: she said, oh, it's not much. Actually it is, like
• 34:08
  Speaker 4: that amount, even though it's like less than a percent
• 34:11
  Speaker 4: different is actually going to mean tens of thousands of
• 34:14
  Speaker 4: dollars of savings in the long term for you. So
• 34:17
  Speaker 4: even though you might go, oh, like it doesn't actually matter.
• 34:22
  Speaker 4: The difference between a six point eight to four interest
• 34:24
  Speaker 4: rate and a six point two to four interest rate
• 34:26
  Speaker 4: is actually significant. You might not go, oh, well, it
• 34:29
  Speaker 4: starts with six, so they're both the same. Like I
• 34:31
  Speaker 4: get it, and like in the bigger picture for you,
• 34:34
  Speaker 4: maybe like things are fluctuating, but like, I'm just so
• 34:37
  Speaker 4: keen to save so many clients. Heaps the cash and
• 34:40
  Speaker 4: it's going to be We're keeping a tracker in the office.
• 34:43
  Speaker 4: I'm just so excited about it. Yeah, how many we
• 34:45
  Speaker 4: save clients this week?
• 34:47
  Speaker 2: I mean, mortgages will go down.
• 34:48
  Speaker 4: Mortgages are going to go down. Rent not rent. It
• 34:52
  Speaker 4: does mean actually a cash rate drop. Side note, cash
• 34:56
  Speaker 4: rate drop actually means that your savings account is going
• 34:58
  Speaker 4: to see a decrease in any interest rate that's applied.
• 35:02
  Speaker 4: So when a cash rate drop happens, it's actually saying
• 35:05
  Speaker 4: that our economy is stabilizing. It's a really good thing.
• 35:08
  Speaker 4: But that means that property prices are probably going to increase,
• 35:11
  Speaker 4: which is not that sexy. But it does mean you'll
• 35:15
  Speaker 4: increase your serviceability, so you'll be able to borrow more
• 35:17
  Speaker 4: money because when cash is cheap, you're able to borrow more.
• 35:21
  Speaker 4: And it does mean that your savings account is going
• 35:24
  Speaker 4: to start decreasing. So I feel like over the last
• 35:26
  Speaker 4: four or five years, we've had really good savings rates,
• 35:29
  Speaker 4: so we've been able to Sorry, this is like a
• 35:31
  Speaker 4: complete finance side note, but I'm hoping it's semi interesting.
• 35:34
  Speaker 4: We have had really great interest rates on our savings
• 35:37
  Speaker 4: accounts because our economy has been a little bit tumultuous, right,
• 35:41
  Speaker 4: and like during times of economic stress, which you know
• 35:44
  Speaker 4: we've been talking, you've probably heard it around the traps.
• 35:47
  Speaker 4: People are saying like, oh, we had it for a
• 35:48
  Speaker 4: recession and all of that stuff thankfully didn't happen in Australia.
• 35:52
  Speaker 4: But people stop investing as harshly, people stop purchasing as
• 35:56
  Speaker 4: many houses, people stop transacting as much, and they want
• 35:59
  Speaker 4: to keep all their money in a savings account because
• 36:02
  Speaker 4: the interest rate is a little bit higher and it
• 36:04
  Speaker 4: feels really cozy. But now is the time that you
• 36:06
  Speaker 4: actually need to start considering what your investment plan is right,
• 36:10
  Speaker 4: because if the interest rates are coming down and the
• 36:13
  Speaker 4: cash rate is coming down, your savings aren't going to
• 36:16
  Speaker 4: be getting as many interest rates and the economy is
• 36:19
  Speaker 4: going to start coming back up. So now's the time
• 36:22
  Speaker 4: if you haven't been investing, or you have been thinking
• 36:24
  Speaker 4: about investing and you're just not sure, Like I would say,
• 36:29
  Speaker 4: can you just get in now. I'm not saying that
• 36:31
  Speaker 4: there's ever a good time or a bad time to invest,
• 36:33
  Speaker 4: because from my perspective, the best time to invest is
• 36:36
  Speaker 4: when you are personally ready. I don't care because we're
• 36:38
  Speaker 4: dollar cost averaging, but just come on, come.
• 36:43
  Speaker 5: On, do it.
• 36:43
  Speaker 4: Just consider what your own investment plans are, have a
• 36:47
  Speaker 4: look at your super make sure it's invested. Anyway, I've
• 36:49
  Speaker 4: just got lots to say about investing. I'm probably excited
• 36:52
  Speaker 4: because I was talking to the girls in the team
• 36:54
  Speaker 4: that she's on the Money Team yesterday because we're re
• 36:56
  Speaker 4: releasing our Investing masterclass, and like we're talking about what
• 37:00
  Speaker 4: bonus content can we do, how do we redo this,
• 37:02
  Speaker 4: how do we make it even better? And I'm really
• 37:04
  Speaker 4: excited about that. Sorry, Sorry, Let's move on to the
• 37:09
  Speaker 4: DM we got this week, because I'm pretty sure you're
• 37:11
  Speaker 4: sick of my cash rate chat never, Jess, It's like never,
• 37:16
  Speaker 4: I've been hearing it for the last week. Sit down. Also,
• 37:19
  Speaker 4: by the way, how she's on the Money Content team
• 37:22
  Speaker 4: predicted the actual cash rate at four point one, and
• 37:25
  Speaker 4: they were so confident that it was going to be
• 37:27
  Speaker 4: four point one after all of their research. They made
• 37:30
  Speaker 4: the Instagram post and then live streamed the RBA meeting
• 37:35
  Speaker 4: because like, we're that cool. And then when the cash
• 37:38
  Speaker 4: rate was announced at four point one, they literally hit
• 37:41
  Speaker 4: posts so that we got to be the first people
• 37:43
  Speaker 4: to renounce it.
• 37:44
  Speaker 6: Good.
• 37:45
  Speaker 4: Not that anybody else noticed that, but we were cutting
• 37:48
  Speaker 4: a really big party.
• 37:49
  Speaker 2: I did say yesterday, Wow, they're on the pulse.
• 37:51
  Speaker 4: We are we are right, We're on the money, absolutely
• 37:54
  Speaker 4: all right. So our DM this week, hier, I need
• 37:57
  Speaker 4: some advice. So I spent somemerhole alldays with a good
• 38:00
  Speaker 4: friend and we came up with this great business idea.
• 38:03
  Speaker 4: She's still so keen and ready to go, but now
• 38:06
  Speaker 4: it's time to actually put money in, and I am
• 38:08
  Speaker 4: freaking out. We said we'd both put in five K,
• 38:12
  Speaker 4: but now I'm just staring at my bank account, like
• 38:15
  Speaker 4: do I really want to risk this? What if it flops?
• 38:18
  Speaker 4: She keeps saying it's just money and we need to
• 38:20
  Speaker 4: take risks to make money. But it's not just money
• 38:23
  Speaker 4: to me. It's my emergency fund and my safety net.
• 38:26
  Speaker 4: I can already tell she's getting a bit over it,
• 38:28
  Speaker 4: like I'm holding us back and I hate feeling like
• 38:31
  Speaker 4: the bad guy. I also don't want to let her down.
• 38:34
  Speaker 4: But also what if this ruins our friendship? Am I
• 38:37
  Speaker 4: actually being smart? Or am I just totally overthinking this?
• 38:41
  Speaker 4: Please help?
• 38:42
  Speaker 2: I guess it's like, I mean, I know, I've probably
• 38:45
  Speaker 2: already know what the right thing to do would be,
• 38:49
  Speaker 2: and that is like, don't be spending your emergency find
• 38:53
  Speaker 2: on something that's not an emergency and something that's so risky,
• 38:57
  Speaker 2: so such high risk. Isn't it like you could like
• 38:59
  Speaker 2: this could flop or it could go really well. It's
• 39:01
  Speaker 2: possible to say. I would say they're disposable. If you
• 39:04
  Speaker 2: have any savings that are like, oh, I'm saving for
• 39:07
  Speaker 2: a holiday or I'm saving for a I don't know,
• 39:10
  Speaker 2: fancy night out or something like that kind of money,
• 39:13
  Speaker 2: sure check it in there. That could be wrong, but
• 39:16
  Speaker 2: I wouldn't be touching the emergency fund is anyway, Maybe
• 39:18
  Speaker 2: you could like put in less and your friend can
• 39:20
  Speaker 2: put in more. At the end of the day, though,
• 39:22
  Speaker 2: if your friend is like, hey, give me all your money,
• 39:25
  Speaker 2: every single thing you've ever worked for, or I'll not
• 39:28
  Speaker 2: be your friend anymore, then that's probably not a good friend.
• 39:33
  Speaker 2: If not, if they're not worried about you and your
• 39:35
  Speaker 2: literal life, Like if something actually does happen touch Wood
• 39:39
  Speaker 2: and you're not you're like, oh wait a second, all
• 39:42
  Speaker 2: my money is tied up in this business or this
• 39:45
  Speaker 2: this little side hustle or whatever it is, then yeah,
• 39:48
  Speaker 2: you'll be kind of screwed. So I would say, see
• 39:52
  Speaker 2: if you can put in a tiny bit less or
• 39:54
  Speaker 2: just like maybe a little bit to start with, or
• 39:57
  Speaker 2: or at least just maybe push this back and start
• 40:00
  Speaker 2: saving for that and have like that intention in mind,
• 40:04
  Speaker 2: like I'm saving for this amount for this side hustle
• 40:07
  Speaker 2: and we'll do it by this date, so you kind
• 40:10
  Speaker 2: of have the motivation and you can save, and then
• 40:11
  Speaker 2: when you get to it, it doesn't feel like so
• 40:14
  Speaker 2: like oh my god, I'm giving away so much money.
• 40:16
  Speaker 2: You'll feel like, oh, yeah, I saved this money for
• 40:18
  Speaker 2: this and here here you go. So if you can
• 40:20
  Speaker 2: do that, but yeah, if your friend is not happy
• 40:24
  Speaker 2: with you giving away your life savings, then that's probably
• 40:28
  Speaker 2: not a very nice friend.
• 40:30
  Speaker 4: So also, we're not needed here anymore, Jess.
• 40:34
  Speaker 2: You're all true, and see you guys on Monday.
• 40:39
  Speaker 4: Just what are your thoughts on this. Yeah, I agree.
• 40:41
  Speaker 5: I think there's like several components within this message. I
• 40:44
  Speaker 5: think you're fully right back, like, you shouldn't be putting
• 40:46
  Speaker 5: your emergency fund into anything that is not an emergency
• 40:49
  Speaker 5: in my opinion, if it can be avoided.
• 40:51
  Speaker 4: Yeah, that's not spending money. That money shouldn't have even been.
• 40:54
  Speaker 5: Like, it's not an option on the table. So I
• 40:57
  Speaker 5: think that that in itself, for me, it's a pretty
• 40:59
  Speaker 5: clear I know you shouldn't be putting that money into it.
• 41:02
  Speaker 5: When it comes to the risk of a business, I
• 41:03
  Speaker 5: think you have to look at it as an investment,
• 41:05
  Speaker 5: and like any investment, there are risks. Have you really
• 41:09
  Speaker 5: done your research for the business? And if you're not
• 41:11
  Speaker 5: sure what to look at, We've done some really great
• 41:13
  Speaker 5: business Bible episodes, I'd go back and look at have
• 41:16
  Speaker 5: you done your customer avatar? Have you checked competitors? Are
• 41:18
  Speaker 5: you filling a gap in the market?
• 41:20
  Speaker 4: Like is it just a good idea? Have you actually
• 41:22
  Speaker 4: done your research?
• 41:23
  Speaker 5: Yeah?
• 41:23
  Speaker 4: Also, have you done a budget?
• 41:25
  Speaker 5: Yeah?
• 41:25
  Speaker 4: Like, where's this five grand coming from? Why do you
• 41:27
  Speaker 4: need ten thousand dollars to start this business? I don't
• 41:29
  Speaker 4: have enough insight because it might be like, oh, well,
• 41:32
  Speaker 4: actually we've done a budget and we need to register
• 41:34
  Speaker 4: our business and that costs this, and then the equipment
• 41:37
  Speaker 4: we're buying is eight and a half thousand dollars perfect,
• 41:40
  Speaker 4: otherwise we can't start. Yeah, like, oh okay, then that
• 41:42
  Speaker 4: makes sense. But where's this coming from? Yeah?
• 41:45
  Speaker 5: Totally. So I think, like, have you like set yourself up.
• 41:49
  Speaker 5: Theoretically when you're going into business, you should have a
• 41:51
  Speaker 5: relatively good idea of like who you're selling to what
• 41:55
  Speaker 5: you're selling, Like you should have done all that background work.
• 41:57
  Speaker 5: Like I think we've all kind of sat around the
• 41:59
  Speaker 5: table with and gone, oh my god, imagine if we
• 42:01
  Speaker 5: started this cool thing. But to get from A to
• 42:03
  Speaker 5: B successfully, you really need to have set yourself up
• 42:07
  Speaker 5: with a plan, and that includes, as VD said, a
• 42:10
  Speaker 5: budget and cash flow, like a strategy, like you've done
• 42:13
  Speaker 5: all of your research. If you've done all those things,
• 42:15
  Speaker 5: I think you probably would be feeling a little bit
• 42:18
  Speaker 5: more confident in what you're doing, and also hopefully you
• 42:22
  Speaker 5: and your partner or your business partner would be a
• 42:24
  Speaker 5: little bit more on the same page about things, because
• 42:29
  Speaker 5: if you're seeing cracks now, I would say that that's
• 42:32
  Speaker 5: a very big red flag to me, because right now
• 42:33
  Speaker 5: you're in the easy part of business, like you're.
• 42:36
  Speaker 4: Not in the trenchship easy.
• 42:38
  Speaker 5: Yeah, it gets a lot harder and a lot more
• 42:40
  Speaker 5: challenging the longer you're in it. And so if you're
• 42:43
  Speaker 5: already not quite on the same page, I can only
• 42:46
  Speaker 5: imagine that that would employ get worse.
• 42:48
  Speaker 4: I did, like, yeah, it's a slippery slope.
• 42:50
  Speaker 5: Yeah, And I think a poor business partnership because you
• 42:53
  Speaker 5: can be a really great friend with somebody but not
• 42:55
  Speaker 5: be made to work well together or not be right
• 42:58
  Speaker 5: to be business partners together.
• 43:00
  Speaker 4: I never preaching to the converted, no matter how my
• 43:03
  Speaker 4: accountant has bound me from other business partners.
• 43:05
  Speaker 5: Yes, yes, I'm fully on board of that. Like, no
• 43:09
  Speaker 5: matter how much you love them, Maria, how much get along,
• 43:11
  Speaker 5: if you're not going to be good business partners, it's
• 43:13
  Speaker 5: not going to be a good experience for either of you.
• 43:15
  Speaker 5: So I would the whole thing. I would say, proceed
• 43:18
  Speaker 5: with caution y yeah.
• 43:19
  Speaker 4: Yeah. And then on the flip side, I'm like, okay, cool,
• 43:22
  Speaker 4: I totally get that. But also, if you're entrepreneurial, you're like, well,
• 43:26
  Speaker 4: I am willing to risk my emergency fund. I am
• 43:29
  Speaker 4: willing to put every single dollar into it. Like I
• 43:31
  Speaker 4: look back on my business journey. I didn't have an
• 43:34
  Speaker 4: emergency fund when I was starting my business. Terrible idea,
• 43:37
  Speaker 4: like absolutely terrible. Like I would never tell people to
• 43:40
  Speaker 4: do things in the same way that I did. I
• 43:42
  Speaker 4: didn't pay my super for years. I didn't do all
• 43:44
  Speaker 4: of these things that you know. I have a business
• 43:47
  Speaker 4: podcast and I do now have two multimillion dollar businesses.
• 43:51
  Speaker 4: So like I'm walking the walk, but I can't sit
• 43:55
  Speaker 4: here and say that I was a gold star business
• 43:58
  Speaker 4: journey to look at. I know how you should do
• 44:00
  Speaker 4: it now, and I can help you along that journey,
• 44:02
  Speaker 4: but I cannot say that I did it. So like,
• 44:05
  Speaker 4: at the same time as you, like I'm listening to
• 44:06
  Speaker 4: you guys say yeah, this is this is right, and
• 44:08
  Speaker 4: that's the advice I have as well. But on the
• 44:10
  Speaker 4: flip side, like I get it if you've got a
• 44:12
  Speaker 4: good idea and you're wildly passionate about it and you're
• 44:14
  Speaker 4: like I'm so ready for this, like I would put
• 44:17
  Speaker 4: all my dollars into this, Like girl, I get it.
• 44:20
  Speaker 4: But on the flip side, you've said that you're freaking out,
• 44:23
  Speaker 4: So I want you to like sit down and maybe
• 44:25
  Speaker 4: write a letter to yourself about why you're freaking out.
• 44:27
  Speaker 4: Is it because you're taking risk? Is it because you're
• 44:30
  Speaker 4: not sure if it's a good idea? Is it an
• 44:31
  Speaker 4: oversaturated market? Like where's this freaking out coming from? Because
• 44:35
  Speaker 4: I'm not saying spend your emergency fund, but I am
• 44:38
  Speaker 4: saying do a little bit more research and also write
• 44:41
  Speaker 4: up a budget, like what research have you done? And
• 44:45
  Speaker 4: I preach this on the Business Bible all the time.
• 44:48
  Speaker 4: You can do an entire budget and plan the entire
• 44:51
  Speaker 4: business without spending as cent. You can look up how
• 44:53
  Speaker 4: much it's going to cost to register. You can look
• 44:55
  Speaker 4: up all of the like things that might you know
• 44:57
  Speaker 4: if there's any compliance. You can you know, if let's
• 45:00
  Speaker 4: say you're selling candles online. You can look up suppliers
• 45:04
  Speaker 4: for your candle jars online. You can send inquiries. You
• 45:07
  Speaker 4: can understand how much that's going to cost, what shipping's
• 45:09
  Speaker 4: going to cost, what shipping insurance is going to cost.
• 45:12
  Speaker 4: You can look at you know what your products are
• 45:14
  Speaker 4: going to look like, where you're going to source them, labels,
• 45:17
  Speaker 4: all of that, and you can create a comprehensive budget.
• 45:20
  Speaker 4: You can work out what your sale price per unit
• 45:22
  Speaker 4: would be I'm telling you right now, all of that
• 45:25
  Speaker 4: will go out the window because things change and develop,
• 45:28
  Speaker 4: and you might get your sample jars and be like,
• 45:30
  Speaker 4: oh my god, that supplier is terrible. But like, you've
• 45:32
  Speaker 4: got a really comprehensive idea of what this is going
• 45:35
  Speaker 4: to cost you, and I can almost guarantee if you
• 45:37
  Speaker 4: have that, you're going to be very confident in spending
• 45:40
  Speaker 4: the money. So what I'm hearing is that you're freaking
• 45:43
  Speaker 4: out a little bit, and often that's happening because of
• 45:46
  Speaker 4: a lack of planning and a lack of clarity. So
• 45:49
  Speaker 4: that's where I'm at. And i'd also be honest with
• 45:51
  Speaker 4: your friend, like pick up the phone and say, Hey,
• 45:54
  Speaker 4: I know that we're at this point. Why am I
• 45:57
  Speaker 4: freaking out? Like, oh, I feel so nervous? I go,
• 46:00
  Speaker 4: oh my god. I know. Maybe they don't know what's
• 46:02
  Speaker 4: your last five grand and they've got like thirty in
• 46:05
  Speaker 4: the bank and they're just taking five of that, do
• 46:06
  Speaker 4: you know what I mean? Yeah, maybe they're in a
• 46:08
  Speaker 4: different situation. Surprisingly communication is the key, Jessica, I would
• 46:13
  Speaker 4: have not did everybody else say so? We asked the community,
• 46:17
  Speaker 4: what would you do if you were in this situation?
• 46:19
  Speaker 4: Twenty six percent of you said I'd just trust that
• 46:21
  Speaker 4: it would be successful, thirty five percent of you said
• 46:25
  Speaker 4: try to put in less money, and thirty nine percent
• 46:28
  Speaker 4: of you said I'd back out before I was involved
• 46:30
  Speaker 4: in see. Next question we asked was would you ever
• 46:34
  Speaker 4: start a business with a friend. Three percent said yep,
• 46:38
  Speaker 4: we're friends for a reason. Sixty six percent of you
• 46:42
  Speaker 4: said depends on the friend, yes, yes, and thirty one
• 46:46
  Speaker 4: percent of you said no way. Business and friends don't mix.
• 46:49
  Speaker 5: Fair.
• 46:50
  Speaker 4: I'm in that boat. I had to learn the way,
• 46:55
  Speaker 4: the really hard way. And then we obviously said, guys,
• 46:58
  Speaker 4: what is your two cents? Someone said in very big
• 47:02
  Speaker 4: capital is scary and there's a hashtag and an at
• 47:07
  Speaker 4: sign in the word that starts with F and nz
• 47:10
  Speaker 4: in K. Yeah, so it says don't f with your
• 47:15
  Speaker 4: emergency fund.
• 47:16
  Speaker 2: Amen. Yeah, yeah, yeah, that's nice, loud and clear, we
• 47:19
  Speaker 2: hear you.
• 47:19
  Speaker 4: Someone else said, I think you have to be one
• 47:21
  Speaker 4: hundred and ten percent committed to the cause in order
• 47:23
  Speaker 4: to have a successful business. Amen. Someone else said if
• 47:26
  Speaker 4: it's not a heck, yes it is a heck. No,
• 47:29
  Speaker 4: trust your gut true. Another person said, accountant here, they
• 47:33
  Speaker 4: need to get on the same page first in relation
• 47:35
  Speaker 4: to their intentions, risk profile plans. Yes, but I also
• 47:39
  Speaker 4: do want to acknowledge that, like lots of businesses, we
• 47:43
  Speaker 4: just go roke. I'm not saying it's the right thing
• 47:46
  Speaker 4: to do, but like sometimes it's three am, you have
• 47:49
  Speaker 4: a great name and then whoops, you've accidentally registered a
• 47:52
  Speaker 4: business name.
• 47:52
  Speaker 5: Yeah, there's lots of things happening without investing too, Like
• 47:56
  Speaker 5: they can build the social media, yes, oh you can
• 47:59
  Speaker 5: register me all of those things that don't necessarily require
• 48:02
  Speaker 5: an upfront ten thousand dollars investment that you can still
• 48:04
  Speaker 5: use to test the waters and stuff getting things going true?
• 48:08
  Speaker 4: And what does that actually look like? So like, if
• 48:10
  Speaker 4: you're both putting five thousand dollars each in, I'm assuming
• 48:13
  Speaker 4: that you're operating this business equally, so you get fifty percent,
• 48:17
  Speaker 4: I get fifty percent. But then who's working in the business?
• 48:20
  Speaker 4: Like are we relying more on one person's skill set
• 48:23
  Speaker 4: over another? Like is one person going to work every
• 48:26
  Speaker 4: single day in this business and you've got a full
• 48:28
  Speaker 4: time job, it can only help on the weekends. Like
• 48:30
  Speaker 4: what type of labor is going to be? I've just
• 48:32
  Speaker 4: got lots of questions. Yeah, I love I love small business.
• 48:35
  Speaker 4: Another person said, a man wouldn't bat an eyelid back yourself.
• 48:39
  Speaker 2: You've got this, yeah, fair point.
• 48:43
  Speaker 4: Yeah, but I also think that, like there's a reason
• 48:45
  Speaker 4: women are better investors, you know.
• 48:48
  Speaker 5: Yeah, is that as a reason men die earlier than women?
• 48:52
  Speaker 4: So positive, I love us. Another person said, are there
• 48:56
  Speaker 4: other ways you can get involved in the business that
• 48:58
  Speaker 4: aren't financial? Said, do you really believe in this business idea?
• 49:02
  Speaker 4: If you don't, don't do it. If yes, then do
• 49:05
  Speaker 4: a lot more research. Someone else said, if you can't
• 49:09
  Speaker 4: communicate openly right now with each other, this is probably
• 49:12
  Speaker 4: a really good reason to not be in a partnership.
• 49:14
  Speaker 2: That's a great point.
• 49:15
  Speaker 5: Yeah.
• 49:15
  Speaker 4: And then the last person said, maybe you could negotiate
• 49:18
  Speaker 4: who does more of the business I'm me in or
• 49:20
  Speaker 4: financial organization? Yes, last one, I'll share, and then I'll
• 49:23
  Speaker 4: give you a tip from my dad. So last one
• 49:26
  Speaker 4: is the best business partner is yourself. And my dad
• 49:29
  Speaker 4: told me a long time ago, and I didn't listen
• 49:32
  Speaker 4: until recently, that the best number of business partner is
• 49:35
  Speaker 4: an odd number of less than three a riddle. Yeah,
• 49:39
  Speaker 4: thanks dad.
• 49:41
  Speaker 5: If you are a small business owner, though, and you've
• 49:43
  Speaker 5: got questions, Vet You've got a little webinar coming up
• 49:46
  Speaker 5: soon that people might want to do. It might be handy.
• 49:49
  Speaker 4: This is a really good plug. This is not a
• 49:51
  Speaker 4: paid for plug. I'm just sharing it on the pod
• 49:54
  Speaker 4: because I feel like if you listen to all that
• 49:55
  Speaker 4: business chat and you're like, yeah, I want to learn more.
• 49:57
  Speaker 4: I'm running a free webinar with my friends from Constant
• 50:01
  Speaker 4: Contact online. It's actually quite soon, so you'll have to RSVP.
• 50:04
  Speaker 4: But it's on Thursday. What is it? Just Thursday, the
• 50:07
  Speaker 4: twenty seventh of February, and then it's at eleven am.
• 50:10
  Speaker 4: And the coolest thing, or I think the coolest thing
• 50:12
  Speaker 4: is Constant Contact are so excited about this. They said
• 50:15
  Speaker 4: that anyone who attends and then signs up to Constant Contact,
• 50:19
  Speaker 4: which is like an email marketing platform, that is honestly
• 50:22
  Speaker 4: really cool. They're actually going to send you a copy
• 50:25
  Speaker 4: of my book, The Business Bible for free, Like you
• 50:28
  Speaker 4: don't have to spend a dollar. All you have to
• 50:30
  Speaker 4: do is come to my webinar. But obviously t's and
• 50:33
  Speaker 4: c's apply whatever. I'm just going to disclaim with that.
• 50:35
  Speaker 4: But Jess, we can put all of the information in
• 50:38
  Speaker 4: the show notes. But I think that that will be
• 50:40
  Speaker 4: really cool because it's like a marketers meet up and
• 50:42
  Speaker 4: we're going to just talk about like marketing and branding
• 50:45
  Speaker 4: and like, you know, how to take your business to
• 50:47
  Speaker 4: the next level and like really own it yourself as
• 50:50
  Speaker 4: opposed to just being on socials.
• 50:51
  Speaker 1: Yeah.
• 50:52
  Speaker 4: So I just think I'm wildly passionate about this, and
• 50:54
  Speaker 4: if you are a business person as well, maybe that's
• 50:57
  Speaker 4: of interest. Also Free book money Wait, we love it.
• 51:00
  Speaker 4: That's so cool.
• 51:00
  Speaker 5: You can't make it live. I believe there will be
• 51:02
  Speaker 5: a replace, so still in so we have your email
• 51:06
  Speaker 5: because we'll send it out to anyone who attended.
• 51:08
  Speaker 4: One hundred percent. I love this. I also feel like
• 51:10
  Speaker 4: maybe they've bitten off more than they can chewne. They
• 51:12
  Speaker 4: don't realize the power of the She's on the Money community. So,
• 51:16
  Speaker 4: like you said, free book, we love the money in.
• 51:18
  Speaker 4: We sure do like this could work out well for them.
• 51:22
  Speaker 4: This could also be an ad mid nightmare because they're
• 51:26
  Speaker 4: going to have to fulfill these books, individuals.
• 51:28
  Speaker 5: Pour team posting out the books. I can only imagine
• 51:30
  Speaker 5: we might have to.
• 51:32
  Speaker 4: Give them a hand. But anyway, I think that is
• 51:34
  Speaker 4: all we've got time for today. Guys, have a beautiful
• 51:37
  Speaker 4: weekend and we will see you bright and early on
• 51:39
  Speaker 4: Monday for a money diary.
• 51:41
  Speaker 2: Bye guys.
• 51:41
  Speaker 6: Hi.
• 51:48
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• 51:50
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• 51:54
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• 51:57
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• 52:00
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• 52:03
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• 52:07
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