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A Friend In Need, Or A Friend Deceived? · She's On The Money

0:00
Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
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Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before
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Speaker 1: we get started on She's on the Money podcast, I
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Speaker 1: would like to acknowledge the traditional custodians of the land
0:14
Speaker 1: of which this podcast is recorded on a wondery country,
0:18
Speaker 1: acknowledging the elders, the ancestors and the next generation coming
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Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
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Speaker 1: and the storytelling of you to make a difference for
0:30
Speaker 1: today and lasting impact for tomorrow.
0:33
Speaker 2: Let's get into it. She's on the Money.
0:36
Speaker 3: She's on the Money.
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Speaker 4: Hello, and welcome to She's on Them, the podcast with
1:01
Speaker 4: millennials who want a financial freedom Today. My friends, guess
1:05
Speaker 4: what it is Friday again, which means it is time
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Speaker 4: to get my little team together to celebrate you our
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Speaker 4: incredible She's on the Money community, Miss Jess Gric is here.
1:15
Speaker 4: She's going to be sharing our money wins and confessions
1:17
Speaker 4: from the community.
1:18
Speaker 2: Beck say ed, You've got a.
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Speaker 4: Few breake tips for us which you've get kept all
1:22
Speaker 4: day up until now, so I have literally no inslash
1:25
Speaker 4: as to whether they're going to be good or not.
1:27
Speaker 4: We're going to be helping to answer a juicy money dilemma,
1:30
Speaker 4: which this week is all about investing in commercial or
1:33
Speaker 4: residential properties as a first time investor, And we're going
1:37
Speaker 4: to be unpacking something you slid into our DMS about
1:39
Speaker 4: which this week we're talking about helping a friend pay
1:43
Speaker 4: for mental health support.
1:45
Speaker 2: So before we.
1:46
Speaker 4: Get there, I want to know how have your weeks been?
1:50
Speaker 4: Beck stopped trying to get Jess to answer first.
1:54
Speaker 5: I need time to think.
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Speaker 6: No, my week has been really really good. I feel
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Speaker 6: so productive, you know, like at the start of the year.
2:01
Speaker 7: Like what I did was like I feel like a
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Speaker 7: lot of people are, you know, doing the calendar, being
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Speaker 7: the diary, and I was rudding down.
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Speaker 2: All these like little goals and I've.
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Speaker 6: So far stuck to them.
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Speaker 7: Like I you guys noticed that you saw me like
2:14
Speaker 7: touching my try set before I'm like, oh, my goodness,
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Speaker 7: I feel so good.
2:19
Speaker 4: Like swoll Oh that's a word that I haven't heard
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Speaker 4: on this podcast before.
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Speaker 3: True.
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Speaker 4: Yeah, well maybe we could swap that for so Becky's
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Speaker 4: feeling swollen. I'm going to start using swollen because have
2:32
Speaker 4: you seen that ad? You know how every year in January,
2:35
Speaker 4: Lamb Australia drops their lamb ad.
2:37
Speaker 5: Yes right.
2:38
Speaker 4: I feel personally victimized by that video because they've got
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Speaker 4: this whole lamber and if you haven't seen it, just
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Speaker 4: google it because it is quite funny. Like I think
2:46
Speaker 4: my favorite part of it is your phone lights on
2:48
Speaker 4: talking about the grandparents. But they're like stereotype millennial, also
2:53
Speaker 4: using the word slay, and I was like, I need
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Speaker 4: to see myself out, not googe.
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Speaker 5: But classic product of the millennium.
3:01
Speaker 2: I was like, I feel attacked.
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Speaker 4: It's Jessicchie, what have you been doing this week? What
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Speaker 4: do you mean when you want to talk about your
3:08
Speaker 4: bad luck strength? I know you know what I feel like.
3:11
Speaker 4: People are probably sick of hearing me feel sorry.
3:13
Speaker 2: What happened this week?
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Speaker 5: My cat knocked over a mirror, and I'm worried that
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Speaker 5: that's going to bring significantly more bad luck. I was
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Speaker 5: just telling the girls, I'm not a superstitious person. It's
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Speaker 5: not normally my stick, but I have had such a
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Speaker 5: bad run of it that when the mirror fell over,
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Speaker 5: I was immediately googling how to reverse the bad luck.
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Speaker 4: And I me and you were like, guess what I'm doing.
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Speaker 5: I went outside. I threw some salt over my shoulder,
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Speaker 5: and I spun in a circle anti clockwise three times
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Speaker 5: because the Internet told me that would hope to do.
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Speaker 2: You think it worked?
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Speaker 5: Nothing bad touch wood has happened, desks would Nothing bad
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Speaker 5: has happened yet, so TVs. But you know, it's been
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Speaker 5: a sunny week. We're hanging out with the girlies, might
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Speaker 5: get some lunch together later. It's on the up and up.
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Speaker 5: We're looking for the positive.
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Speaker 4: Nothing bad happened since Jessica spun anti clockwise in three
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Speaker 4: circles and threw salt over her shoulder. So that's the
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Speaker 4: secret secret to success.
4:08
Speaker 6: Wow, how's your weeking?
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Speaker 4: I spent a lot of this week horizontal. Yeah, like
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Speaker 4: working with a laptop on my stomach because just life
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Speaker 4: is getting uncomfortable.
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Speaker 6: Yeah.
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Speaker 4: I'm committed though, so like I'm not going anywhere. I'm
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Speaker 4: here on the podcast. Unlucky for you guys, people keep
4:27
Speaker 4: asking me when are you taking matt leave? And I'm like,
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Speaker 4: I guess when I go into labor because I won't
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Speaker 4: have any other choice.
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Speaker 5: Kind of gotta test her.
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Speaker 2: And my team are like when do we get rid
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Speaker 2: of her?
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Speaker 4: That we'd have a date to look forward to, and
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Speaker 4: I'm like, haha, joke's on you. I could have this
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Speaker 4: baby next week and it be fine, or in six weeks.
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Speaker 5: You're never gonna know. I think I just live in
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Speaker 5: constant fear that at any second you could just start
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Speaker 5: having the baby, and that like that is what I'm
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Speaker 5: looking for, Like it's not you going away, it's just
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Speaker 5: me no longer living in fear that at any given
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Speaker 5: point in time a baby could just shoot on out.
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Speaker 2: And I do no, no, but pretty.
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Speaker 5: Calm in a crisis.
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Speaker 2: I'm actually quite good unless it's her crisis.
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Speaker 5: Yeah, unless it's my internal mental crisis or that's her off.
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Speaker 5: But no, like I think I would be okay.
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Speaker 7: Yeah, Victoria, right now water breaks starts going to labor you,
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Speaker 7: I feel like you would be really good.
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Speaker 5: I mean, the thing is obviously you're immediately on the
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Speaker 5: phone to the ambulance and just took you through it. Nah,
5:25
Speaker 5: you don't like just because your water breaks depends how
5:28
Speaker 5: close to your contractions.
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Speaker 2: Are, Okay, do you know?
5:31
Speaker 4: Do you know what I find really funny because you
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Speaker 4: have freaked out about this Gabby who works for she's
5:36
Speaker 4: on the money and has been on the pod before
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Speaker 4: she's worked this out. One of her girlfriends is a midwife.
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Speaker 4: She's full of been like, well, what happens if he
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Speaker 4: goes into labor?
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Speaker 2: What do I do?
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Speaker 4: And like her housemate has like prepped her for this. Oh,
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Speaker 4: I think it's so funny because I'm so chill about it.
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Speaker 4: Like I think I'm the most chill person in the
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Speaker 4: entire team about it.
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Speaker 1: I'm like, Oh, if.
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Speaker 2: You'll be fine, you'd be fine.
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Speaker 4: My husband's really worried because obviously be Jess and I
6:01
Speaker 4: are going to the Taylor Swift concert together. Yes, this
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Speaker 4: has to be when I am thirty nine weeks pregnant.
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Speaker 4: I regret nothing about this decision.
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Speaker 5: Baby's first concept, baby's first babies' contant, so I'm excited
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Speaker 5: about it.
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Speaker 4: My husband was a little like, well, what happens if
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Speaker 4: you go into labor? I'm like, dude, the MCG isn't
6:20
Speaker 4: much closer to the hospital that we're going to than
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Speaker 4: our house. Is so chill, I'll meet you there. I
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Speaker 4: can get a new bar. I'm a completely self sufficient
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Speaker 4: independent woman.
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Speaker 7: Were I feel like tasors would be partial to assisting
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Speaker 7: with the birth.
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Speaker 4: I draw the line naming my baby Taylor, though, yeah, oh.
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Speaker 5: Like absolutely. I mean it's respectful to the queen.
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Speaker 4: I'm not to be disrespectful to the queen. And the
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Speaker 4: name Taylor is not even a bad name, like that's
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Speaker 4: not why. It just feels a little bit too swifty,
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Speaker 4: too swifty.
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Speaker 2: We can't exactly doing that exactly, so for a boy
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Speaker 2: or a girl, we don't know the gender. Try I
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Speaker 2: love an androgynous name.
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Speaker 6: I'm back on board, all right, I'm sorry.
7:03
Speaker 2: Sorry, let's move on, though.
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Speaker 4: I want to know more about the community, less about
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Speaker 4: me going into apparently spontaneous labor that is going to
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Speaker 4: happen really quickly, so quickly that the paramedics will not
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Speaker 4: be able to make it, but just has to deliver
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Speaker 4: my baby.
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Speaker 5: My mind is literally like, oh my god, I'm pregnant.
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Speaker 2: Shock something pregnant.
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Speaker 7: It's also quicker because you mean, like you, I think
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Speaker 7: you were to say I'm in labor.
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Speaker 2: I'm sure, but you.
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Speaker 6: Said I'm pregnant.
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Speaker 7: That is incredibly fine, but that's usually how it works.
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Speaker 3: Moving on.
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Speaker 4: I don't have a birth plan. I have birth preferences, right,
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Speaker 4: and I can go into that on socials or something
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Speaker 4: if people are actually interested. But there's a reason Jess
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Speaker 4: and Gabby are not involved, like they're not part of
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Speaker 4: the preferences. In fact, my preference would be to not
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Speaker 4: have them there because I feel like they'd both be
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Speaker 4: like running around like headless chickens.
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Speaker 2: Going what do you need?
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Speaker 5: What do you need?
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Speaker 2: To leave me alone?
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Speaker 7: Sure?
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Speaker 5: Coincidentally, it is also our preference to not be there
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Speaker 5: for everybody should go winky.
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Speaker 2: Dig right, what has the community got to share with us?
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Speaker 3: All right?
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Speaker 5: My first money in this week comes from Hannah, who
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Speaker 5: said money win. Using chat GPT to do a meal
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Speaker 5: plan for my family of three, two adults and one team.
8:20
Speaker 5: I requested a budget of one hundred to one hundred
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Speaker 5: and twenty dollars for five dinners with five adult portions
8:25
Speaker 5: extra lunches for the next day. I just did the
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Speaker 5: shop at Audi and it came in at one hundred
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Speaker 5: and ten dollars for all of the ingredients. I then
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Speaker 5: added some snacks and some breakfast and it came to
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Speaker 5: one hundred and fifty five bucks for the week. If
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Speaker 5: you're a beginner meal plan, utilizing chat GPT is a
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Speaker 5: game changer. And I want to know if Hannah got
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Speaker 5: this tip from our Instagram because I was.
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Speaker 2: About to say.
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Speaker 4: I have been using it recently with Jess, but we've
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Speaker 4: been using the Microsoft co pilot and we were like,
8:51
Speaker 4: we need to create some content for socials and we're like, well,
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Speaker 4: let's actually make it good because obviously, but like we
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Speaker 4: just told them what we have in our pantry and
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Speaker 4: or what was in my pantry, and it like full
9:03
Speaker 4: spat out a recipe the instructions, you know, what additional
9:07
Speaker 4: things I might need, and I replied a couple of
9:09
Speaker 4: times being like, oh I don't have that, and they
9:11
Speaker 4: were like substitute for this, and I was like, great,
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Speaker 4: that's also in my pantry.
9:15
Speaker 5: Sligh. Really cool what you can do with AI nowadays,
9:18
Speaker 5: and awesome that you can use free platforms. I know
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Speaker 5: that some of the chat GPT and you have to
9:22
Speaker 5: pay for the Microsoft one's free chat GPT might have
9:25
Speaker 5: a free element, but it's free tools that you can
9:28
Speaker 5: use to save yourself money, which is sick.
9:29
Speaker 4: And it's kind of like I have explained it to
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Speaker 4: a couple of friends who are.
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Speaker 2: Like, oh, I just don't know if it'll work or not.
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Speaker 4: I'm like, think of it as an unpaid intern that's
9:40
Speaker 4: just started and knows nothing about the process. So like
9:43
Speaker 4: feed it the information, like, okay, Beck, today, I want
9:47
Speaker 4: you to create me a recipe and it needs to
9:49
Speaker 4: be a recipe using only items in my pantry, and
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Speaker 4: I have like you kind of have to spoon feed it.
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Speaker 4: And that's okay, But I think some people jump on
9:58
Speaker 4: to these things like copiloting.
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Speaker 2: Oh it didn't work.
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Speaker 4: I asked for a recipe and it like spat out,
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Speaker 4: you know, three random things. I'm like, oh no, this
10:05
Speaker 4: is an unpaid intern who's never had a job before,
10:08
Speaker 4: doesn't know how to do anything.
10:09
Speaker 2: You need to spoon feed them.
10:11
Speaker 4: And then you can tweak so like it comes back
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Speaker 4: with something in the recipe that you don't want or
10:15
Speaker 4: you don't have. You can go back and be like,
10:16
Speaker 4: please regenerate this response, but exclude the cream because I
10:20
Speaker 4: don't need it, and then it will literally do it
10:22
Speaker 4: again or go oh, have you got a more budget
10:25
Speaker 4: friendly option for the sake that you recommended?
10:28
Speaker 2: And I think that's it. It's just fun, really cool.
10:30
Speaker 4: It's like an ongoing conversation and you don't have to
10:33
Speaker 4: keep saying sorry for asking so many questions because they're ai.
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Speaker 7: Yeah, for their job, pressure to be like thank you
10:39
Speaker 7: so much and oh no pressure.
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Speaker 6: You don't have to answer this.
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Speaker 5: It was really find when the microsoft to instinctively say
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Speaker 5: please and thank you, but.
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Speaker 4: I did anyway, and Jess was like, why are you
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Speaker 4: introducing yourself? And I was like, hello, I am trying
10:54
Speaker 4: to make dinner tonight, just like I don't think they
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Speaker 4: care about.
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Speaker 2: Your and how are you like? Sit down? I look
11:00
Speaker 2: at this recipe. Its lips so good.
11:02
Speaker 5: Next, I've got a money win from Olivia who said
11:04
Speaker 5: I found this on a local by swap and sell
11:06
Speaker 5: group for my daughter. It was thirty dollars and it
11:08
Speaker 5: still had the tags on it for two hundred and seventy.
11:12
Speaker 2: Is this the jacket?
11:12
Speaker 5: The jacket jacket?
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Speaker 2: Cool Juli down to thirty love a bus. That's a
11:18
Speaker 2: money win.
11:18
Speaker 5: That is a money win. Next, I've got one from
11:21
Speaker 5: Sophie who said money win. I started a new job
11:23
Speaker 5: in August and I haven't even passed my probation yet
11:26
Speaker 5: and I just found out I got a five percent
11:28
Speaker 5: salary increase money win effective first of January. Happy new
11:32
Speaker 5: year to me, huge.
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Speaker 2: Congrats, congrats.
11:35
Speaker 4: Then I like that it's effective first of January because
11:37
Speaker 4: that means some backpay guys.
11:39
Speaker 5: Yeah, I love a bit of back pay. Then I've
11:41
Speaker 5: got a win from Victoria excellent name who said, Victoria,
11:45
Speaker 5: I was going to buy your book as I just
11:47
Speaker 5: had an offer on a property excepted thanks to Queen
11:51
Speaker 5: Nikki Atsella. And my money win is that it was
11:53
Speaker 5: actually free included in my Spotify subscriptions. And she was
11:58
Speaker 5: very kind and she said, v I hope you get
11:59
Speaker 5: royalties otherwise I will buy it.
12:01
Speaker 4: I don't actually know how it works, but I'd much
12:02
Speaker 4: prefer you to just read my book then pay me,
12:04
Speaker 4: to be honest. And if you get the free audio
12:07
Speaker 4: book like slag I heard someone real cool Reddit.
12:11
Speaker 5: Yeah, so if you want to pay a forward share
12:12
Speaker 5: of screenshot on stories, we'll tell your friends about it exactly.
12:15
Speaker 5: That is just as helpful. Save yourself those dollars.
12:17
Speaker 2: Queen, Yes, save the money.
12:19
Speaker 4: Put it towards your house because in this economy, I'm
12:21
Speaker 4: really sorry, I gonna need it.
12:24
Speaker 5: Congratulations though, that is so exciting. Victoria out. Next, I've
12:27
Speaker 5: got money in from Alyssa, who said money win. I
12:30
Speaker 5: asked both my parents' households just before Christmas if we
12:33
Speaker 5: could have their bottles and cans for Victoria's new deposits
12:36
Speaker 5: scheme they collected them over the past month or so
12:39
Speaker 5: alongside ours, and we cashed them in yesterday and we
12:41
Speaker 5: got thirty seven dollars for them. Just hours alone came
12:44
Speaker 5: to three bucks. So it paid to ask others who
12:46
Speaker 5: were just going to throw them out anyway.
12:48
Speaker 2: Money win. Jess what happens when you leave my house?
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Speaker 5: I take every can that I can find. Victoria says,
12:53
Speaker 5: I have a present for you, and it's a bag
12:54
Speaker 5: full of cans.
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Speaker 4: Save bottles and like coke bottles and stuff. I've been
12:59
Speaker 4: keeping it in thettom of my pantry and I'm.
13:01
Speaker 2: Like, I've got this for you.
13:02
Speaker 5: Best present. That's lucky, very fun. And then lastly, I've
13:06
Speaker 5: got a money in from Casey who said money win.
13:08
Speaker 5: I needed some extra cash for my wedding and I
13:10
Speaker 5: was making these crayon names for my nieces as a
13:12
Speaker 5: part of their Flower Girls gift. I ended up having
13:15
Speaker 5: a bunch of leftover crayons, and I reached out to
13:17
Speaker 5: our neighborhood group and I made sixty two dollars selling them.
13:20
Speaker 5: So far.
13:21
Speaker 2: Crayons cool like crayon name.
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Speaker 4: Yeah, this is a.
13:27
Speaker 5: Really fun activity with your kids. If you have like
13:29
Speaker 5: broken crayons or if you buy. You can buy them
13:31
Speaker 5: at the shop often, you know, the just mixed up
13:34
Speaker 5: ones that have been donated and you melt them and
13:37
Speaker 5: then you pour them into chocolate malts and then you
13:39
Speaker 5: have all of these fun letters. That cool. They're like
13:42
Speaker 5: usable crayons, but they're really beautiful gifts as well.
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Speaker 4: That's actually really cool and also just reminds me why
13:48
Speaker 4: I have already nominated before my baby's.
13:50
Speaker 2: Born that Jess is craft aren't.
13:52
Speaker 5: Yeah, yeah, I will happily teaste.
13:54
Speaker 2: A bonnet you need one. I won't be making it
13:57
Speaker 2: so fus.
13:59
Speaker 5: My friend is a teacher actually did make her lip
14:03
Speaker 5: quite literally. It had lights that switched on.
14:06
Speaker 4: My kid is going to be the coolest kid ever,
14:09
Speaker 4: and I'm going to be like it was.
14:10
Speaker 2: Yes, I'm very excited.
14:12
Speaker 5: That's all for me this week.
14:12
Speaker 6: Guys.
14:13
Speaker 4: All right, Beck, what have you got when it comes
14:15
Speaker 4: to broke tips? These better be good? My expectations. Thank
14:20
Speaker 4: you's been hyping them up and gatekeeping them, so they
14:23
Speaker 4: better be good.
14:24
Speaker 7: I do hype them up, and then when we get
14:26
Speaker 7: around to it, I mean, like the community ones are
14:29
Speaker 7: always good and my ones always just so funny and silly.
14:31
Speaker 7: But I think this one this week is actually going
14:33
Speaker 7: to be kind of good.
14:34
Speaker 5: I'm excited.
14:34
Speaker 7: Okay, So the first one comes from Georgie, who says
14:38
Speaker 7: that Target right now has heaps of stuff on sale
14:40
Speaker 7: because it's merging with km Art.
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Speaker 6: I didn't realize that was a thing. Did you guys
14:43
Speaker 6: do that was a thing.
14:44
Speaker 5: Yes, I've seen it on social media, not fully, I
14:48
Speaker 5: don't think. But they're replacing a lot of the home
14:49
Speaker 5: weares with the Kmart Homeworks brand. There's been a lot
14:51
Speaker 5: of outrage. Yeah, because people love Target home weares.
14:55
Speaker 2: I love Target home Wear.
14:56
Speaker 5: But I saw someone say it was like seventy percent
14:58
Speaker 5: off a lot of the time.
15:00
Speaker 4: I saw a couple of tiktoks actually where a lot
15:02
Speaker 4: of things were like marked down to two dollars.
15:05
Speaker 2: Like this girl got a whole suit.
15:07
Speaker 4: It was like pants, the vest, and the jacket for
15:09
Speaker 4: six dollars in total.
15:11
Speaker 6: Wow, like it almost it's just too silly.
15:15
Speaker 4: I think it's wild. But they're actually clearing a lot
15:18
Speaker 4: of stock. Insider info.
15:20
Speaker 2: Don't ask me where I got this from Georgie.
15:23
Speaker 4: Yeah, maybe from Georgia. Let's call it from Georgie. They
15:27
Speaker 4: aren't just replacing all of Target's stuff with Kmart stuff
15:31
Speaker 4: they have merged. They actually were always owned by the
15:34
Speaker 4: same people, which is West Farmers Group, or own both CAMA
15:37
Speaker 4: and Target, or you might be surprised to hear that
15:39
Speaker 4: they also own like office works and Bunnings and.
15:42
Speaker 5: Stuff like that.
15:43
Speaker 2: They actually are a very very large organization.
15:45
Speaker 4: But they are taking a lot of the product lines
15:49
Speaker 4: that don't sell as well in Target and replacing them
15:52
Speaker 4: with Kmart because it does. There might be different products
15:56
Speaker 4: across the stores, but obviously they've got their factories that Ancho,
16:00
Speaker 4: so they're.
16:01
Speaker 2: Bringing that in.
16:02
Speaker 4: But surely they are keeping a lot of the main
16:04
Speaker 4: product lines that sell really well. Because I was really worried,
16:07
Speaker 4: honestly about the baby onesies because like.
16:11
Speaker 2: Cute onesies, organic cotton.
16:13
Speaker 4: I can't find anything nicer than that that feels as
16:16
Speaker 4: good at that price point. And I was like, don't
16:18
Speaker 4: take them away, They're not going to Sorry, amazing, It's
16:21
Speaker 4: not everything, like Targets are not becoming kmarts, But I
16:25
Speaker 4: feel like a lot of people have just assumed because
16:27
Speaker 4: it does look like.
16:28
Speaker 5: That, Yeah, just three targets trying to find some bargains
16:31
Speaker 5: that already been cleaned out.
16:34
Speaker 6: Well, try and try again, they.
16:37
Speaker 5: Say, for a two dollars suit.
16:39
Speaker 2: I'll try.
16:39
Speaker 5: I am one that is so silly.
16:43
Speaker 6: I love it.
16:43
Speaker 7: But yeah, like maybe go to like you know, country
16:45
Speaker 7: towns and stuff. I feel like those targets.
16:47
Speaker 2: Yeah, probably don't go to like the Chadston.
16:49
Speaker 6: They don't go to Chadston, go anywhere else.
16:51
Speaker 2: They've been cleaned up.
16:53
Speaker 7: Okay, So this next one comes from Indy, who says
16:55
Speaker 7: that if you live near a UNI, make the most
16:57
Speaker 7: of the free food at O week which is coming
16:59
Speaker 7: up soon.
16:59
Speaker 5: Which a great idea.
17:01
Speaker 2: It's actually very smart.
17:02
Speaker 7: Yes, totally, Like, even if you don't live near a UNI,
17:05
Speaker 7: if you're like gonna get free food, just make for you're.
17:07
Speaker 2: Like, go to UNI, even though you're not gonna go
17:09
Speaker 2: to UNI.
17:10
Speaker 6: Yeah, like you don't have to be going to UNI
17:12
Speaker 6: to be getting that free food. I imagine I.
17:13
Speaker 2: Would feel very But I mean, here, do you all
17:17
Speaker 2: right that?
17:17
Speaker 5: I think that's smart?
17:18
Speaker 6: I think it's smart.
17:19
Speaker 7: And what if you just want to go there for
17:20
Speaker 7: info you also get a free food.
17:22
Speaker 6: Great idea, Indie, thank you so much.
17:25
Speaker 5: That is fan.
17:26
Speaker 6: I might even do that. We make a David.
17:28
Speaker 7: Okay, So mine comes from I don't know if you
17:31
Speaker 7: guys have heard of this god named Viv.
17:33
Speaker 6: Her Instagram handle is viv loves to Eat.
17:36
Speaker 7: She shared a post about this is the name of
17:39
Speaker 7: the cafe five bucks schmuck in Thornberry.
17:42
Speaker 2: That sounds fun it is. There's no catch.
17:44
Speaker 7: There is a menu that is dedicated to items slash
17:47
Speaker 7: meals that costs five dollars.
17:48
Speaker 6: Literally what And she.
17:49
Speaker 4: Posted this video in this economy, In this economy, it
17:52
Speaker 4: can't be making any money.
17:53
Speaker 7: Well, this is why I say no catch, because, like
17:56
Speaker 7: she posted in the actual like you know caption, that
17:59
Speaker 7: the owner just wants to do something nice to the community.
18:01
Speaker 2: Oh what a wholesome which is really really so.
18:03
Speaker 7: I don't think that the whole menu is five dollars,
18:05
Speaker 7: but it's a dedicated, you know thing that that's cool.
18:08
Speaker 7: You can get like you know, a roll or a
18:11
Speaker 7: croissant or something like that. That's you know, it's not
18:14
Speaker 7: they're not losing money, you can tell, but it's still
18:16
Speaker 7: like they could be charging you way more, but you're
18:18
Speaker 7: still getting a good feed out of it.
18:19
Speaker 2: I paid nine dollars for alm and croissan on the other.
18:21
Speaker 5: Day daylight robbery.
18:23
Speaker 6: That's my one.
18:23
Speaker 7: There's probably an adjacent or an equivalent in your state,
18:27
Speaker 7: your city, your suburb, if you're in Melbourne, just maybe.
18:31
Speaker 2: Please share it with the sheese on the money community
18:33
Speaker 2: if these because we gonna need it.
18:35
Speaker 6: Yeah, yes absolutely, but for now five bucks, monks.
18:38
Speaker 4: I cannot think for the last time a meal cost
18:40
Speaker 4: me five dollars out Yeah, same.
18:43
Speaker 6: Maybe penny pinchers of magas.
18:45
Speaker 2: Even then, I've always like, can I please have a large?
18:47
Speaker 3: Go eight dollars?
18:50
Speaker 5: Still I ordered a happy meal the other day and
18:52
Speaker 5: it was always the same price as a normal meal.
18:55
Speaker 2: Shocked, it is actually a small cheeseburger meal.
18:58
Speaker 6: Yeah, you look like a happy meal order.
19:00
Speaker 2: I know happy meals.
19:02
Speaker 4: If I'm coming in and I'm like, do you want
19:04
Speaker 4: lunch and she's like yeah, I don't know anything, will
19:06
Speaker 4: do Like I guarantee I'll walk in with a happy
19:08
Speaker 4: fast for the toy not the book, by the way. No,
19:14
Speaker 4: all right, let's go to a really quick break on
19:16
Speaker 4: the flip side. We're going to be talking about investing
19:18
Speaker 4: in commercial or residential properties as your first investment, and
19:23
Speaker 4: we're going to unpack something that you slid into our
19:25
Speaker 4: DMS about this week.
19:27
Speaker 2: We're talking about helping a friend.
19:28
Speaker 4: Pay for their mental health support. So don't go anywhere, guys.
19:37
Speaker 5: Welcome back everybody. Let's take a listen to this week's
19:39
Speaker 5: money dilemma.
19:43
Speaker 8: Hi, there, have you got a money dilemma you just
19:45
Speaker 8: can't solve? The She's on the Money team is here
19:48
Speaker 8: to help.
19:48
Speaker 4: Every week, we tackle your dilemmas, both big and small,
19:51
Speaker 4: to answer your most burning money, career and life questions.
19:55
Speaker 4: To get involved, simply head to our website and leave
19:57
Speaker 4: us a short voice recording and you might just find
19:59
Speaker 4: your on the show. Now, let's take a listen to
20:02
Speaker 4: this week's money dilemma.
20:06
Speaker 9: Hi, ladies, I have a cauerer. I'd like your advice on.
20:10
Speaker 9: My partner and I are in our earliest to mid
20:12
Speaker 9: twenties and have decided we'd like to start saving up
20:15
Speaker 9: for an investment property. My partner has heard that commercial
20:18
Speaker 9: properties can produce a higher return than residential and I'm
20:22
Speaker 9: monitoring what would be the best option for us to
20:24
Speaker 9: buy as a first time buyer, considering their more grants
20:27
Speaker 9: available for residential properties versus commercial, and what I can
20:31
Speaker 9: see online and any other factors we need to consider
20:34
Speaker 9: when comparing the two and saving up for the deposit.
20:37
Speaker 9: Thank you, I.
20:38
Speaker 4: Have a lot of thoughts about first properties, and you
20:41
Speaker 4: are correct if you looked at the rental yield of
20:44
Speaker 4: a residential property versus a commercial property. More often than not,
20:49
Speaker 4: commercial property has a higher rental yield.
20:52
Speaker 2: The problem there is.
20:54
Speaker 4: That if you are chasing yield, that is usually going
20:58
Speaker 4: to come at a higher cost.
20:59
Speaker 1: Right.
21:00
Speaker 4: So let's just pretend you're spending five hundred thousand dollars
21:03
Speaker 4: on your first two bedroom apartment to get a comparable
21:07
Speaker 4: rental yield in a commercial property, you're probably looking closer
21:10
Speaker 4: to a million dollars worth of investment. We also really
21:13
Speaker 4: need to talk about the risk that is involved with
21:16
Speaker 4: investing in commercial versus residential property, and that is usually
21:20
Speaker 4: how long that property is left vacant and you are
21:24
Speaker 4: up for that mortgage without any kind of you know,
21:26
Speaker 4: help from a tenant.
21:28
Speaker 1: Right.
21:28
Speaker 4: So in Melbourne we know that rental tendancy sucks at
21:32
Speaker 4: the moment. Like if you've got an apartment and it
21:35
Speaker 4: is up for rent, you are in a prime position
21:37
Speaker 4: because there are a lot of people who want properties
21:40
Speaker 4: and there aren't enough properties to go around. So your
21:43
Speaker 4: rental vacancy rate could be like one or two percent
21:46
Speaker 4: per annam, which means like there aren't that many days
21:49
Speaker 4: per year that you don't have rent coming in the door.
21:52
Speaker 4: Whereas when you look at commercial property, they tend to
21:55
Speaker 4: stay vacant for a longer period of time. Yes, you
21:59
Speaker 4: might have longer li periods. So typically if you're signing
22:03
Speaker 4: onto a commercial lease, it's not just like a one
22:05
Speaker 4: year lease.
22:06
Speaker 2: It might be a minimum of five years.
22:07
Speaker 4: It could be ten, twenty, or even thirty years as
22:10
Speaker 4: a lease. And that's all well and good and fine,
22:13
Speaker 4: but the vacancy rate can be significantly higher because you know,
22:18
Speaker 4: it's obviously harder to find somebody who wants your specific
22:21
Speaker 4: space in your specific area to run their business. So
22:25
Speaker 4: you might even end up with a vacancy rate of
22:27
Speaker 4: like six months or fifty percent of the year it
22:30
Speaker 4: is not rented out. And so you've got a factor
22:33
Speaker 4: all of that in. Yes, when it comes to residential property,
22:38
Speaker 4: you have a lot more grants and offers because the
22:40
Speaker 4: government's kind of like, well, if you're buying commercial you
22:43
Speaker 4: probably you know a bit of a well seasoned investor. However,
22:47
Speaker 4: it's definitely worth looking at the pros and cons of
22:49
Speaker 4: each not just like, oh, they have better returns, like
22:52
Speaker 4: you are correct, but we don't chase returns. What we
22:55
Speaker 4: want to chase is consistency and does this align to
22:57
Speaker 4: your goals and values? Does this help you in any way,
23:00
Speaker 4: shape or form to reach your next financial goal?
23:03
Speaker 2: What does equity in the property look like?
23:06
Speaker 4: We know in the Melbourne residential market, equity has somewhat
23:10
Speaker 4: increased for people. I feel like the property market has
23:13
Speaker 4: kind of like stagnated, given we went through COVID and
23:16
Speaker 4: now we're going through a cost of living crisis. But
23:19
Speaker 4: the probability is that the asset is probably going to
23:22
Speaker 4: increase in value, Whereas if you went and bought a
23:24
Speaker 4: factory please don't get me wrong, not a terrible investment,
23:27
Speaker 4: but the capital growth on those properties is usually not
23:31
Speaker 4: as high as a residential property in the same area
23:34
Speaker 4: because it can't be rezoned to residential if you change
23:38
Speaker 4: your mind, like it will always have to be a
23:40
Speaker 4: commercial property. So I think when it comes to you
23:43
Speaker 4: know what you should and shouldn't do, there's no right
23:46
Speaker 4: or wrong, Like if you're in the position where you're
23:47
Speaker 4: like I actually want to buy a factory v I've
23:49
Speaker 4: looked at all of the stats, the areas up and coming.
23:52
Speaker 4: I have had a number of past clients and even
23:55
Speaker 4: friends purchase factories, especially in like you know those kinds
24:00
Speaker 4: of like big development areas. They're a little bit like
24:02
Speaker 4: commercial but they are completely bare and then they rent
24:06
Speaker 4: them out. And you're right, they do have really good
24:08
Speaker 4: rental yield. However, they don't have a lot of good
24:11
Speaker 4: capital growth on those from what.
24:13
Speaker 2: I have seen.
24:14
Speaker 4: Doesn't mean you shouldn't do it, absolutely not like it
24:16
Speaker 4: might really align to your goals, like you might actually
24:19
Speaker 4: go gin. I don't want to deal with everyday tenants.
24:22
Speaker 4: I want to strip this out completely and make all
24:25
Speaker 4: of this, you know, my new tenants problem to furnish
24:28
Speaker 4: and upkeep and maintain. So it really depends. But what
24:31
Speaker 4: I would say is to me, it is a bit
24:34
Speaker 4: of a red flag if the reason you want to
24:36
Speaker 4: go with them is because you've heard they have higher
24:38
Speaker 4: rental yield without actually looking at well, what would this
24:41
Speaker 4: look like in ten, twenty thirty years, Because a mortgage,
24:44
Speaker 4: as we all know, is a long term commitment. And
24:47
Speaker 4: then I guess on top of that, you're not looking
24:49
Speaker 4: at a residential home loan either, you're looking at a
24:53
Speaker 4: commercial loan, and they have different things that you need
24:55
Speaker 4: to take into consideration. So talk to a broker before
24:59
Speaker 4: you make a decision, is what I would say.
25:01
Speaker 7: Yeah, I imagine like, and this is obviously not coming
25:03
Speaker 7: from an expert opinion, but I imagine that the cost
25:06
Speaker 7: of upkeep, like you know, like getting a trade out
25:09
Speaker 7: to fix like a block toilet, wouldn't cost as much
25:12
Speaker 7: as a potential something in a whole factory.
25:16
Speaker 6: You know what I mean.
25:17
Speaker 1: I don't know.
25:17
Speaker 4: Well, in a factory, it's actually on the tenant, so
25:20
Speaker 4: I happens, Yeah, it's on the tenant, and the tenant
25:25
Speaker 4: will usually pay for complete fit out as well, So
25:28
Speaker 4: like you would lease them your completely bare factory, but
25:32
Speaker 4: you don't have as much responsibility as a residential landlord.
25:36
Speaker 2: You go that that's your problem.
25:38
Speaker 4: You know, if you want stairs put in over here,
25:40
Speaker 4: or you want you know, an office built in here,
25:44
Speaker 4: that's on you. But given it is actually a little
25:47
Speaker 4: bit more difficult to attract tenants to commercial properties, what
25:50
Speaker 4: you often have to do is also incentivize it.
25:53
Speaker 2: And I've signed a number of leases. I've never owned.
25:55
Speaker 4: Commercial property, I've always leased it, and I've signed a
25:58
Speaker 4: number of commercial property tendency agreements, and often I'll ask
26:03
Speaker 4: for incentives upfront.
26:04
Speaker 2: Like, Jess, you probably remember this.
26:05
Speaker 4: When I was signing our last office, I was like, well,
26:07
Speaker 4: how many months at the start can I get free?
26:09
Speaker 4: What are the bonuses can I get? Like, you know,
26:11
Speaker 4: there's a fit out there, can I have that? Or
26:13
Speaker 4: you know, do I have to buy my own? If
26:15
Speaker 4: I have to buy my own fit out, I've estimated
26:17
Speaker 4: that that's going to cost me fifty thousand dollars, So like,
26:20
Speaker 4: how are you going to incentivize me to rent your
26:23
Speaker 4: property over somebody else's. So normally they offer this by
26:28
Speaker 4: offering a couple of months of free rent, and it
26:30
Speaker 4: will clearly depend on like the value of the commercial
26:33
Speaker 4: property as well. But like it's a different ballgame completely,
26:36
Speaker 4: But most of the I guess costs actually fall into
26:41
Speaker 4: the tenants wheelhouse when it comes.
26:43
Speaker 2: To commercial versus residential. Whereas you know, we've.
26:45
Speaker 4: Spoken a lot about Jess going through, Oh the ceiling's leaking.
26:49
Speaker 4: If I was commercial, I'd be like, well, Jess, go
26:52
Speaker 4: and fix the ceiling.
26:53
Speaker 5: Then hey, sound a lot like are your problem?
26:55
Speaker 2: I was like, a just to get a problem.
26:57
Speaker 5: Yeah, if you look at pretty that much out, maybe
26:59
Speaker 5: it might be worth chatting to a financial advisor. Would
27:01
Speaker 5: be the only thing that I have to contribute there
27:03
Speaker 5: if you're putting that much into ane, like I.
27:05
Speaker 2: Talked a lot as well. Sorry, I don't be sorry.
27:07
Speaker 2: Do you want to talk about the ass by CDM?
27:09
Speaker 1: Yes?
27:09
Speaker 5: Weeks?
27:10
Speaker 1: All right?
27:11
Speaker 2: So this week we got a DM and it sounded
27:12
Speaker 2: like this.
27:13
Speaker 4: Actually the batim it was this message, are you ready ready,
27:16
Speaker 4: high team, I've got a DM for you.
27:18
Speaker 2: Really.
27:19
Speaker 4: A close friend of mine has been really struggling with
27:22
Speaker 4: her mental health, so I suggested she looked into getting
27:25
Speaker 4: some help and seeing a psychologist. She said she can't
27:28
Speaker 4: afford it at the moment, so I offered to pay
27:30
Speaker 4: you for some sessions, as I wanted to help her
27:32
Speaker 4: in any.
27:33
Speaker 2: Way I could.
27:34
Speaker 4: I've currently paid for her first three appointments, which were
27:37
Speaker 4: around ninety dollars each.
27:39
Speaker 2: Now here's the issue.
27:41
Speaker 4: I just found out she spent four hundred dollars on
27:44
Speaker 4: drugs for a festival she was going to, and I'm
27:46
Speaker 4: really upset by this. I was more than happy to
27:49
Speaker 4: help her out.
27:50
Speaker 2: But if she can afford.
27:51
Speaker 4: Drugs, then she can afford to pay to see the psychologist.
27:54
Speaker 4: How do I go about asking for my money back
27:56
Speaker 4: but also ensuring she continues to get the help that
27:59
Speaker 4: she needs. I'm really not sure what to do. Any
28:02
Speaker 4: help is really appreciated.
28:04
Speaker 5: Before we get into it, I feel like we have
28:06
Speaker 5: to say we're gonna be discussing the drug use. We
28:09
Speaker 5: do not condone or encourage the use of recreational drugs,
28:13
Speaker 5: but it is a part of the story. We're gonna
28:15
Speaker 5: chat about it.
28:16
Speaker 4: Yeah, Like no judgment from me, Like it's a choice
28:18
Speaker 4: somebody else has made and that's fine, but yeah, it's
28:21
Speaker 4: not an endorsement.
28:22
Speaker 5: Yeah, and if you do need any resources regarding something
28:24
Speaker 5: like that, we will pop some links in the shows
28:26
Speaker 5: that you can access and have look through. Obviously we're
28:29
Speaker 5: a supportive safe space, but it's just something that we
28:32
Speaker 5: have to say.
28:32
Speaker 2: Yeah. Absolutely.
28:33
Speaker 4: I also think it's relatively interchangeable as well. Like stepping
28:37
Speaker 4: back before I actually start answering this question, like if
28:40
Speaker 4: you've paid ninety dollars a session for your friend to
28:43
Speaker 4: go get help on something, it could have been like
28:45
Speaker 4: her going out to fancy restaurants and spending four hundred
28:49
Speaker 4: bucks and I thought you said you had no money
28:52
Speaker 4: for like recreational activities, or you know, they might have
28:55
Speaker 4: decided to just go to a festival and spend four
28:57
Speaker 4: hundred bucks on a ticket and you were like hold on,
28:59
Speaker 4: like you say you didn't have fun. So I don't
29:02
Speaker 4: think it's really they're quite drug use. Yes, obviously that's
29:05
Speaker 4: not ideal because I'm pretty sure that that drug use
29:08
Speaker 4: is probably playing into the need for the mental health care.
29:11
Speaker 2: And that's absolutely fine.
29:13
Speaker 4: But I think I'd be equally as frustrated if, you know,
29:16
Speaker 4: I helped out a friend and found out they're just
29:18
Speaker 4: blowing four hundred dollars a week on going.
29:20
Speaker 2: To the club.
29:21
Speaker 4: Like irrespective, but moving forward, what do you guys think?
29:26
Speaker 7: I think like if I was maybe I don't know,
29:31
Speaker 7: if my friend was like saving up for a festival
29:33
Speaker 7: and that I guess, like, you don't really just blow that,
29:37
Speaker 7: Like that's kind of something that you prepare for ahead
29:40
Speaker 7: of time, paying for like sarch sessions and stuff like that.
29:43
Speaker 7: I'm going to like mentally put that in a different
29:46
Speaker 7: category and say that the actual spending of that much
29:49
Speaker 7: money on whatever it could have been, we just don't know,
29:53
Speaker 7: like it could have been something that she had really
29:55
Speaker 7: saved for and was looking forward to. It sounds like
29:58
Speaker 7: something that's a something that happens like once a year,
30:01
Speaker 7: like we've all you know, like Meredith for example, Like
30:03
Speaker 7: I if I was saving up for that and my
30:06
Speaker 7: friend was like, hey, I need you to go see
30:07
Speaker 7: a PSICH, I'd.
30:08
Speaker 6: Be like, I actually don't have capacity right now because.
30:11
Speaker 7: I'm saving up for Meredith, which I know is like
30:14
Speaker 7: not it should absolutely should not be the priority here.
30:17
Speaker 7: My own mental health, my own mental well being should be.
30:21
Speaker 7: But if that's kind of what I need just to
30:24
Speaker 7: stay sane, like prioritizing my social life, and someone else
30:29
Speaker 7: aside from that, offered to pay for a few SICH sessions,
30:33
Speaker 7: then I guess I guess like it was all about transparency.
30:37
Speaker 7: If you're like, hey, this is actually what I'm spending
30:38
Speaker 7: my money on, this is what I'm saving up for,
30:40
Speaker 7: this is everything that I'm planning on buying. If you're
30:43
Speaker 7: still comfortable paying for these, cool, if not cool, But yeah,
30:47
Speaker 7: I guess like the transparency maybe is my main thing.
30:50
Speaker 7: I don't know if that's the same for you guys.
30:52
Speaker 7: But you sound like a great friend, and you you know,
30:56
Speaker 7: you sound you'd serve a very good friend in return.
30:59
Speaker 5: Yeah, I agree. I think that you've done a really kind,
31:02
Speaker 5: generous thing. You obviously care about your friend, you want
31:04
Speaker 5: to put them first. I understand what you mean about, like,
31:08
Speaker 5: someone may choose to prioritize something else over their mental health,
31:11
Speaker 5: and that is their prerogative. I think for me, the
31:14
Speaker 5: fact that it is drugs is kind of a little
31:17
Speaker 5: bit of an additional layer of gray. I think it's
31:21
Speaker 5: very different from saving to go to a festival, or
31:23
Speaker 5: saving to go to an event, or maybe saving for
31:25
Speaker 5: a trip versus something you know, if you blow it
31:27
Speaker 5: on alcohol or something similar. I still mentally categorize those
31:32
Speaker 5: into two different things. Again, sure, I think the unfortunate
31:35
Speaker 5: thing is though I don't know that you can ask
31:38
Speaker 5: for the money back. I think I'm on that page too.
31:40
Speaker 5: I think a gift is a gift, and as much
31:44
Speaker 5: as you know when you gave her that gift, you
31:47
Speaker 5: were helping her out within you know, a certain framework
31:50
Speaker 5: that you thought existed. I don't think that you can ask.
31:55
Speaker 5: I firstly, don't know that it would come back to you.
31:56
Speaker 5: It sounds like she's pretty struck for cash, and it
31:58
Speaker 5: might just put an even bigger rift between the two
32:01
Speaker 5: of you. I think I would probably go down the
32:04
Speaker 5: route of just explaining to her how you feel and
32:06
Speaker 5: saying hey, like I wanted you to put yourself first.
32:09
Speaker 5: I thought that you didn't have any money.
32:11
Speaker 1: You know.
32:12
Speaker 5: Having seen you behave this way or do these things
32:15
Speaker 5: has really made me feel like you value your money
32:18
Speaker 5: over mine, or you know, something like that, and explaining
32:21
Speaker 5: to her. Maybe she doesn't see it from that perspective,
32:23
Speaker 5: but in terms of getting it back, I don't know
32:25
Speaker 5: that you will. And it's hard. When you love someone,
32:28
Speaker 5: you want to support them, you want to resource them,
32:30
Speaker 5: you want to do it whatever you can to make
32:32
Speaker 5: sure that they're well off. And I know that it
32:35
Speaker 5: might go against your instinct, but I think my advice
32:39
Speaker 5: would be to probably not do it again, maybe try
32:41
Speaker 5: to find other ways to help resource her. I know
32:44
Speaker 5: that there's you know, the mental health plans in Australia.
32:47
Speaker 5: I don't know whether or not she qualifies for those,
32:49
Speaker 5: but looking into that, looking into you know, some of
32:52
Speaker 5: the hotlines that have access to resources and things of
32:55
Speaker 5: that nature, things that you can do to help her
32:58
Speaker 5: without necessarily taking money out of your own pocket. Because
33:01
Speaker 5: it sounds like you guys aren't valuing her mental health
33:05
Speaker 5: or those psychology appointments in the same way. Yeah, what
33:09
Speaker 5: do you think they do?
33:10
Speaker 4: I feel like I have been the friend that has
33:13
Speaker 4: wanted to do this before. I can't say I've paid
33:16
Speaker 4: for someone's psych appointments, but I definitely have given money
33:20
Speaker 4: to friends or people I know in the hope that
33:24
Speaker 4: it fixes them or changes them. And this is just
33:27
Speaker 4: in hindsight. I'm not thinking that in the moment, just
33:30
Speaker 4: trying to be generous and like look after them. However,
33:34
Speaker 4: in I guess retrospect, when you look back on that,
33:37
Speaker 4: I feel like when you do that, you're kind of
33:40
Speaker 4: tunnel visioned. You're not going, oh, this is gonna you know,
33:44
Speaker 4: actually have to play into their value system and their
33:48
Speaker 4: priorities and where they're at mentally. I kind of go, well,
33:51
Speaker 4: if I pay for your sych sessions, that'll help you
33:53
Speaker 4: get better, full stop, end of story. And I think
33:56
Speaker 4: that you know, when you probably offered, you didn't put
33:59
Speaker 4: a lot of pros around this gift. You would have maybe,
34:02
Speaker 4: and I'm assuming that you are the same type of
34:05
Speaker 4: person as me, and I would love to think that
34:07
Speaker 4: it's because I'm empathetic and generous and if I've got
34:10
Speaker 4: the means, like, I want to help, So you might
34:13
Speaker 4: have just been like, look, you know, Jess, what if
34:16
Speaker 4: you're saying you can't afford it, what if I pay
34:18
Speaker 4: for that? I just really want you to be in
34:20
Speaker 4: the best possible position, and Jess you go, oh, well,
34:22
Speaker 4: actually that would be really kind because in the back
34:24
Speaker 4: of your mind, just like just using just as an example,
34:27
Speaker 4: in the back of your mind, you you really do
34:29
Speaker 4: want to change, you do want to get better. But
34:32
Speaker 4: the overarching thing is that ultimately your priority is are
34:35
Speaker 4: not there yet. You might not be willing to get help,
34:38
Speaker 4: You might not you know, have the drive to do that.
34:41
Speaker 4: Even though that conversation was really motivating and it was
34:45
Speaker 4: really nice, like how many times will we sat down
34:47
Speaker 4: with ourselves, Like I remember even me going, look, I'm
34:49
Speaker 4: just going to stop biting my nails, And then the
34:52
Speaker 4: next week, I'm biting my nails and I'm like like,
34:55
Speaker 4: and I had every intention of doing the right thing,
34:57
Speaker 4: Like I bought the fancy nail polish I did, you know,
35:00
Speaker 4: looked up on YouTube how to do a meditation about
35:02
Speaker 4: not biting my nails, and like, you have all the
35:04
Speaker 4: gung ho at the start, but maybe you fall off
35:07
Speaker 4: the bandwagon because maybe you're just not ready for change.
35:09
Speaker 4: Maybe you're not ready to you know, take on mental
35:13
Speaker 4: health help. And I think that there's a lot to
35:16
Speaker 4: say about that, because also it is really.
35:18
Speaker 2: Hard to reach out for help.
35:20
Speaker 4: Some people aren't ready for it, Like you only hear
35:23
Speaker 4: what you want to hear in those sessions, and if
35:25
Speaker 4: you're not open to it, it's action.
35:28
Speaker 2: No, I won't say, a waste of.
35:29
Speaker 4: Time, but it can be a bit of a waste
35:31
Speaker 4: of your money if you're like, I'll go those sych sessions,
35:33
Speaker 4: but I'm definitely not going to implement anything they do.
35:36
Speaker 4: And like, you know, let's pretend that the and this
35:39
Speaker 4: is a wild speculation, Let's pretend that your friend needs
35:42
Speaker 4: psych help because they maybe have lost their way and
35:45
Speaker 4: they are doing a lot of drugs and you thought
35:47
Speaker 4: that you could sweep in and that would be like
35:49
Speaker 4: the magical key that opens the world to a new
35:51
Speaker 4: kingdom for them.
35:53
Speaker 2: They're not ready for that.
35:54
Speaker 4: And like maybe they're not ready to hear from a
35:56
Speaker 4: psychologist and maybe they're even going to those sessions and
35:58
Speaker 4: being like, yep.
36:00
Speaker 2: I'm getting help. No worries. So, Meredith is next weekend,
36:03
Speaker 2: I've got four hundred bucks in my account.
36:05
Speaker 4: I'm just going to spend it on that because it
36:06
Speaker 4: becomes a need, right so I think we need to
36:09
Speaker 4: step back and look at the psychology behind. Well, why
36:11
Speaker 4: did you want to do that? Like, obviously you wanted
36:14
Speaker 4: to put your friend in the best possible position. But
36:17
Speaker 4: by doing that, were you acknowledging whether your friend was
36:20
Speaker 4: in the position to change yet or not, or were
36:22
Speaker 4: you trying to push them down a path that maybe
36:25
Speaker 4: they weren't ready to walk.
36:27
Speaker 2: Does that make sense?
36:27
Speaker 4: Because really I just look at it and I go, well,
36:30
Speaker 4: if someone else is not ready for it, they might
36:32
Speaker 4: be super motivated. And you know what, your friend probably
36:35
Speaker 4: had the best of intentions when accepting your help. Like
36:38
Speaker 4: how beautiful if I turned around said to bet you beck,
36:41
Speaker 4: there's this thing that you need and you're telling me
36:43
Speaker 4: you can't for I would love to make sure that
36:45
Speaker 4: you get that.
36:46
Speaker 2: You'd be like, oh theah you like that's so generous
36:48
Speaker 2: and so kind. I would love to do that.
36:50
Speaker 4: I don't think your friend ever set out to disrespect
36:53
Speaker 4: you or the money that you have spent. I think
36:55
Speaker 4: that clearly there's a lot going on here. But also
36:59
Speaker 4: the second layer to question, how do I ask for
37:01
Speaker 4: my money back?
37:02
Speaker 2: I would say, you don't.
37:03
Speaker 9: It was a gift.
37:04
Speaker 4: Yeah, yeah, it was a gift and you gave it
37:06
Speaker 4: to them with no intention of saying actually, there are
37:10
Speaker 4: some stipulations on this. If you cross a boundary ABCD,
37:13
Speaker 4: E or F, I will be asking you for the
37:15
Speaker 4: money back, because I can almost guarantee if I said, hey, Beck,
37:19
Speaker 4: I'm willing to help get that thing, and you go, yeah, great,
37:21
Speaker 4: great great, and I go.
37:22
Speaker 2: But also if you do ab C or D, you'll
37:25
Speaker 2: have to pay it back.
37:25
Speaker 4: You go, oh, I can't commit to that, Yeah, because
37:28
Speaker 4: maybe your friend wouldn't have let you do that in
37:30
Speaker 4: that case, Does that make sense?
37:31
Speaker 6: I sally agree.
37:32
Speaker 5: There's like such a strongle or there can be such
37:34
Speaker 5: a strong link between drug use and mental health too,
37:36
Speaker 5: Like we don't really drug a context of whether it's
37:39
Speaker 5: consistent usage or whether it's just oh I was at
37:41
Speaker 5: a festival and that's what people would do, but we
37:43
Speaker 5: don't really have.
37:44
Speaker 2: We have NOD.
37:45
Speaker 5: But if they are having ongoing mental health struggles, like
37:48
Speaker 5: that could lean into why they chose to do that,
37:51
Speaker 5: which again is just like an extra layer of complexity
37:53
Speaker 5: that you're not really equipped to handle.
37:56
Speaker 4: And also it doesn't make them a bad person. Yeah,
37:58
Speaker 4: Like change is really hard, like human beings at a
38:03
Speaker 4: base primal level. Do not like change because change is
38:07
Speaker 4: risk and risk means I could be in trouble. So
38:11
Speaker 4: you know, it's the devil you know versus the devil
38:13
Speaker 4: you don't, right, So I think we need to acknowledge
38:16
Speaker 4: that change is really hard, and it's hard, it's slow,
38:20
Speaker 4: it's part of the process. I think that, you know,
38:22
Speaker 4: there's actually a lot to this. I'm just so glad
38:25
Speaker 4: that your friend was open to mental health, you know, help,
38:29
Speaker 4: I think having a genuine conversation definitely not asking for
38:33
Speaker 4: the money back, but going hey, Jess, can we have
38:36
Speaker 4: a chat. I'm just feeling like it's a bit frustrating.
38:38
Speaker 4: I really thought that you were going to get help
38:40
Speaker 4: for X, Y and Z. You know, I'm even paying
38:43
Speaker 4: for it, and then you spent four hundred bucks like
38:45
Speaker 4: on something really discretionary and like you in it or
38:49
Speaker 4: you're out of it, because like obviously it makes me
38:51
Speaker 4: not want to pay for your sessions because you're not
38:54
Speaker 4: learning anything, like nothing's happening, like what should we do?
38:57
Speaker 4: And maybe your friend will actually go, oh my god,
39:00
Speaker 4: I'm actually so embarrassed about this situation. Like it's one
39:04
Speaker 4: of those sleeper it could be a really beautiful learning
39:06
Speaker 4: experience for both of you.
39:07
Speaker 7: Totally, and just to like add to that as well,
39:09
Speaker 7: like I obviously don't have enough context here and what
39:12
Speaker 7: your friend's going through, but in that moment, trying to
39:16
Speaker 7: frame it as something that she shouldn't be ashamed of,
39:19
Speaker 7: shouldn't be embarrassed about that kind of thing, because that
39:22
Speaker 7: could really make someone spiral. Even myself as someone who
39:25
Speaker 7: I wouldn't consider having any very serious mental health issues,
39:28
Speaker 7: something like that would make me spiral into oblivion. So
39:32
Speaker 7: I would say keep that in mind. Also, just trying
39:35
Speaker 7: to find out best ways to support her moving forward
39:38
Speaker 7: without like the financial support basically like physical and mental
39:43
Speaker 7: emotional support. Trying to find the best way to I
39:46
Speaker 7: guess like meet her needs without dishing out any more money.
39:49
Speaker 2: Yeah, so we got heaps of responses on this.
39:54
Speaker 4: A lot of them were saying, look, your money's gone,
39:57
Speaker 4: you're not getting it back. It's whether you who's a
40:00
Speaker 4: friend now too or not, which I thought was a
40:02
Speaker 4: really good point.
40:03
Speaker 2: Yeah.
40:04
Speaker 4: A lot of people were saying, look, I just wouldn't
40:06
Speaker 4: pay for any more sessions moving forward again, wouldn't ask
40:09
Speaker 4: for the money back. A lot of people said, she
40:12
Speaker 4: really needs to help herself. It's actually not up to you,
40:15
Speaker 4: like you don't have that power, which is really sad
40:18
Speaker 4: as someone like me who sometimes always wants to come
40:20
Speaker 4: in and.
40:21
Speaker 2: Fix everything, but it's true.
40:23
Speaker 4: A lot of people then said, you know, sit down
40:25
Speaker 4: and have an open conversation with her, talk to her
40:28
Speaker 4: about it, openly, have a frank conversation. A lot of
40:32
Speaker 4: people wanted to let us know about the ten times
40:35
Speaker 4: I think it's twelve times Medicare rebate psychology sessions if
40:38
Speaker 4: you go to your GP and get a mental health
40:41
Speaker 4: care plan. I do also want to acknowledge that that
40:44
Speaker 4: is getting harder and harder to access nowadays. So it's
40:49
Speaker 4: hard nowadays, especially in Victoria. I know in Queensland it's
40:53
Speaker 4: really challenging. I don't know a lot about the other states,
40:55
Speaker 4: but I'm assuming we're all having the same issues because
40:59
Speaker 4: across the Borderustralian doctors are having to increase their prices.
41:02
Speaker 2: I'm not saying that's a bad thing.
41:04
Speaker 4: They cost of living, crisis paying their staff, all of that,
41:07
Speaker 4: like it has to come into it, but Medicare is
41:10
Speaker 4: not keeping up and finding a GP that has no
41:15
Speaker 4: gap is getting increasingly hard. If you found a GP
41:18
Speaker 4: that has no gap and you just can claim it
41:20
Speaker 4: all or medicare. It's even harder to find a psychologist
41:23
Speaker 4: that operates under having no gap. If they do exist,
41:26
Speaker 4: they usually have a really long weight period.
41:28
Speaker 2: So I don't want you guys to think, oh.
41:29
Speaker 4: They just say go to medicare. But I've dried that
41:31
Speaker 4: and it's really hard. I totally get it. It's becoming
41:34
Speaker 4: inaccessible and we need to do a lot more about it. However,
41:38
Speaker 4: it is still a very valid pathway, and I wouldn't
41:42
Speaker 4: be discouraged knowing that information. I'd go all right, well,
41:46
Speaker 4: I'll give it a crack, because you know what, even
41:48
Speaker 4: if there is a six month weight period, you're going
41:52
Speaker 4: to need the help in six months anyway as well.
41:54
Speaker 2: Yes, you need immediate help.
41:55
Speaker 4: I totally get that, and we're going to put a
41:56
Speaker 4: whole heap of tools and resources in our show notes
41:59
Speaker 4: for you that involve immediate help. But if you want
42:02
Speaker 4: to get onto a mental health care plan, I wouldn't
42:05
Speaker 4: shy away from the weight I'd sign up. And you
42:07
Speaker 4: know what can I do in the interim, How can I,
42:09
Speaker 4: you know, build towards that because it could be invaluable
42:13
Speaker 4: to changing your life in a way.
42:15
Speaker 2: That you want it to.
42:16
Speaker 4: Again, lots of people are saying, look, it's really hard,
42:18
Speaker 4: but I would accept it as a money loss, but
42:21
Speaker 4: keep my friend. Basically, all of your responses were really
42:25
Speaker 4: on the same page, which I really liked.
42:27
Speaker 2: That's not that common.
42:28
Speaker 4: Usually there's like lots of like spicy opinions like oh,
42:31
Speaker 4: you should tell your friend off, or should cut them
42:32
Speaker 4: out if you do this, you should do that. Everyone
42:35
Speaker 4: here in our DMS this week has been so empathetic
42:38
Speaker 4: and kind. Wow, that's so lovely, which honestly we kind
42:41
Speaker 4: of expected from how She's on the Money community. But yeah,
42:44
Speaker 4: lots of people were just saying, look, it's just really
42:46
Speaker 4: important that next time you do something like this, set
42:49
Speaker 4: really clear boundaries about what you're paying actually means.
42:53
Speaker 2: So that's probably a good place to leave it. Guys. Anyway,
42:56
Speaker 2: have the best week.
42:57
Speaker 4: We will see you bright and early on Monday morning
43:00
Speaker 4: for a Money Diaries.
43:01
Speaker 2: See you later, Bye, guys.
43:03
Speaker 5: Bye.
43:10
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