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FRIDAY DRINKS: Superannuation Hacks · She's On The Money

• 0:00
  Speaker 1: She's on the Money.
• 0:02
  Speaker 2: She's on the Money.
• 0:22
  Speaker 3: Hello, and welcome to She's on the Money, the podcast
• 0:26
  Speaker 3: for millennials who want financial freedom. Welcome to another one
• 0:30
  Speaker 3: of our Friday Drinks episodes where we get to celebrate
• 0:32
  Speaker 3: the money wins from the She's on the Money community,
• 0:35
  Speaker 3: talk a little bit about lockdown being extended, and talk
• 0:39
  Speaker 3: about accountability August, which is super fun. So before we
• 0:44
  Speaker 3: jumped straight into that, I wanted to wrap the week
• 0:46
  Speaker 3: so that we could all get up to speed on
• 0:48
  Speaker 3: exactly what you might have missed. Tony Lodge, what did
• 0:52
  Speaker 3: we miss on Monday's Money Diary this week?
• 0:55
  Speaker 4: Our money diarist on Monday covered a topic that we've
• 0:59
  Speaker 4: never really broached before from a money diary, and she
• 1:03
  Speaker 4: sent her money Diary in to kind of reach out
• 1:05
  Speaker 4: to the Asian community of She's on the Money and
• 1:09
  Speaker 4: talk about the reality of sending money to your parents
• 1:12
  Speaker 4: every week and kind of broke the stigma, all the
• 1:15
  Speaker 4: thoughts around it being mandatory or that you.
• 1:19
  Speaker 1: Have to do it. She kind of explained that she
• 1:22
  Speaker 1: loves doing it.
• 1:22
  Speaker 4: She loves supporting her parents and kind of giving them
• 1:25
  Speaker 4: the support that they gave her when she was a kid.
• 1:28
  Speaker 4: So it was actually so Yeah, it was really really
• 1:32
  Speaker 4: cool and just such a different culture to what I
• 1:36
  Speaker 4: experience or you might experience or whatever. So if you're
• 1:39
  Speaker 4: kind of interested in what that looks like, I'd definitely
• 1:42
  Speaker 4: give it a listen because it was super cool.
• 1:44
  Speaker 3: I loved it, and I actually got a few dms
• 1:46
  Speaker 3: from people in our community who were like, Oh my gosh,
• 1:48
  Speaker 3: I resonated with that so much because I do that
• 1:51
  Speaker 3: with my family, and a couple of them actually shared
• 1:54
  Speaker 3: photos of their families that they've been sending money to,
• 1:57
  Speaker 3: and oh my gosh, it made my heart so and
• 2:00
  Speaker 3: I just am a bit upset that we hadn't broached
• 2:02
  Speaker 3: the topic sooner, because it seems that there are a
• 2:05
  Speaker 3: lot of people out in our community who are sending
• 2:07
  Speaker 3: money home, and to be honest, how noble is that. Like,
• 2:11
  Speaker 3: it's just something that makes me really proud to know
• 2:14
  Speaker 3: people like that.
• 2:14
  Speaker 4: You know, it was really special and, like I said,
• 2:18
  Speaker 4: just something that I've never really thought about or kind
• 2:20
  Speaker 4: of thought. Oh, imagine if you didn't have the money
• 2:22
  Speaker 4: that week, then do you kind of go without dinner
• 2:25
  Speaker 4: because you've got to send money to your parents?
• 2:26
  Speaker 1: And she explained, well, actually, no, if I don't have
• 2:29
  Speaker 1: the money.
• 2:29
  Speaker 4: My mum goes, Okay, that's fine, you know, so it's
• 2:32
  Speaker 4: not as kind of strict or like it's not like
• 2:35
  Speaker 4: paying your taxes, you know.
• 2:37
  Speaker 5: Well, I was just going to say, I lived in Malaysia, right,
• 2:39
  Speaker 5: and there was a lot of chat about what they
• 2:41
  Speaker 5: would call double tax because you get taxed by the
• 2:43
  Speaker 5: government and then I know, taxes doesn't feel like the
• 2:46
  Speaker 5: right word, but like the family takes a cut and
• 2:49
  Speaker 5: the government takes a cut, and they always talked about
• 2:51
  Speaker 5: this double double tax, and then how it is harder
• 2:53
  Speaker 5: for younger people to build personal wealth because you don't
• 2:55
  Speaker 5: build there's no personal wealth, especially in Asian country. It's
• 2:58
  Speaker 5: family wealth, you know what I mean. Like one person wins,
• 3:01
  Speaker 5: we all win. And if you think about even in
• 3:03
  Speaker 5: movies and the culture, you can kind of see that
• 3:05
  Speaker 5: once it's sort of been pointed out that it's like
• 3:07
  Speaker 5: the whole family's rich.
• 3:09
  Speaker 6: We had a lot of really great feedback on socials
• 3:11
  Speaker 6: following on from Monday's posts as well.
• 3:13
  Speaker 3: One girl I was chatting to she was like, as.
• 3:15
  Speaker 6: A person of color, this makes me feel really seen
• 3:17
  Speaker 6: and I'm so excited to see you guys lifting up
• 3:19
  Speaker 6: voices of people, and I hope you can do more
• 3:22
  Speaker 6: of those in the future. And I just wanted to
• 3:24
  Speaker 6: say we obviously are like so grateful and thankful that
• 3:28
  Speaker 6: we get plenty of people sending through their money diaries
• 3:30
  Speaker 6: and wanting to share their stories. But we can only
• 3:33
  Speaker 6: share the stories of people that come through so and
• 3:37
  Speaker 6: like you know, heritage or culture or religion, none of
• 3:40
  Speaker 6: those are prerequisites for being a money direst. And we
• 3:43
  Speaker 6: love hearing diverse stories. So if you do have a
• 3:46
  Speaker 6: story that you would like to share, please send it
• 3:48
  Speaker 6: through to us and outline just a really brief overview
• 3:51
  Speaker 6: of story. We get so many that we aren't able
• 3:53
  Speaker 6: to get back to every single person. I'm really sorry,
• 3:55
  Speaker 6: but we do really try to share a diverse range
• 3:58
  Speaker 6: and the more people, the more stories, and the more
• 4:00
  Speaker 6: backgrounds that we get, the better.
• 4:02
  Speaker 3: We're able to do that. Yeah, and that's so special.
• 4:04
  Speaker 3: Like when we get to share stories, it is honestly
• 4:07
  Speaker 3: my favorite part of my week. It is the best part.
• 4:11
  Speaker 3: But let's move on because I could go on about
• 4:13
  Speaker 3: money diaries literally forever. Jessica, back to you. What happened
• 4:17
  Speaker 3: in this week's Deep Dive. This week on the Deep Dive,
• 4:20
  Speaker 3: week spoke about job interviews and how they can be
• 4:23
  Speaker 3: a really scary, really tough.
• 4:25
  Speaker 6: Thing if you're someone like me who gets super anxious
• 4:27
  Speaker 6: with those high pressure situations. So we went through a
• 4:31
  Speaker 6: really great almost like a checklist of like things you
• 4:33
  Speaker 6: can do beforehand, things you can do in the interview,
• 4:36
  Speaker 6: any like aftercare or follow up, to make you feel
• 4:39
  Speaker 6: like you're super prepped and super empowered to shine your
• 4:43
  Speaker 6: best light.
• 4:44
  Speaker 3: In that interview.
• 4:44
  Speaker 6: Because it is a super competitive market and I think
• 4:48
  Speaker 6: there's a very small number of people who love going
• 4:50
  Speaker 6: in for interviews, and even if it's not your favorite experience,
• 4:53
  Speaker 6: there are some things you can do to put your
• 4:55
  Speaker 6: best foot forward.
• 4:56
  Speaker 1: I love job interviews.
• 4:58
  Speaker 3: How do you love job interview?
• 5:00
  Speaker 1: I love talking about myself?
• 5:02
  Speaker 3: I was literally about to say, I do not know
• 5:04
  Speaker 3: one person who loves job interviews, and you're like outing
• 5:07
  Speaker 3: yourself before I even ask the question. I do why
• 5:11
  Speaker 3: just because you love talking about yourself?
• 5:12
  Speaker 5: Well, in your last job interview, Victoria and I paid
• 5:15
  Speaker 5: for your lunch, So maybe that's it.
• 5:16
  Speaker 1: Hey, it was one coffee and we got rained out
• 5:19
  Speaker 1: and then we had to leave.
• 5:21
  Speaker 3: Sorry are you complaining you got the job?
• 5:24
  Speaker 1: I am all right?
• 5:26
  Speaker 3: No revert to lunch, no problems. We'll talk about this
• 5:29
  Speaker 3: later Tony Lodge. But as always, we are going to
• 5:32
  Speaker 3: go straight into our money wins from the community that
• 5:36
  Speaker 3: Ryan John pulls together. Ryan, what if you got this week?
• 5:39
  Speaker 5: Rachel Morris has a win, and I think all of
• 5:41
  Speaker 5: us can just nod our heads and go what an
• 5:43
  Speaker 5: absolute lord. I found a dress I wanted for an
• 5:46
  Speaker 5: engagement party for one hundred and ten dollars, and like
• 5:49
  Speaker 5: a lot of people in the group say, you know,
• 5:50
  Speaker 5: put twenty four hours between you purchase, you thought I
• 5:52
  Speaker 5: might just see if I really wanted I'll sleep on it.
• 5:55
  Speaker 5: She went back the next week to look at the
• 5:56
  Speaker 5: same dress. Instead of being one hundred and ten, it
• 5:59
  Speaker 5: was thirty the exact same dress, brand new from one
• 6:02
  Speaker 5: hundred and ten to thirty dollars, so she bought it.
• 6:04
  Speaker 5: It was on sale. Well done, goat job. Zara has
• 6:08
  Speaker 5: a good one. I haven't taken any money out of
• 6:10
  Speaker 5: my savings account for sixty three days in a row.
• 6:16
  Speaker 5: Get it. I love that Rebecca Brown. During lockdown, I
• 6:20
  Speaker 5: was bored, so I started playing around making masks because
• 6:22
  Speaker 5: she's obviously good at knitting or sewing, and just wanted
• 6:24
  Speaker 5: to keep busy. You know, we're all driving ourselves insane
• 6:27
  Speaker 5: at home.
• 6:27
  Speaker 3: I would assume sewing. Can you imagine a knitted mask?
• 6:30
  Speaker 5: You cop.
• 6:32
  Speaker 3: Would just go straight through like me, most useless mask.
• 6:37
  Speaker 3: It's like a crochet the KINI also useless.
• 6:42
  Speaker 5: Could I sound any more like a middle aged white
• 6:45
  Speaker 5: guy just trying to explain, Oh, if you just knit
• 6:47
  Speaker 5: it together, you pull off things.
• 6:50
  Speaker 3: Just shaking my head, being like, no, Ryan, Yeah, I
• 6:53
  Speaker 3: didn't knit her.
• 6:54
  Speaker 5: Great story, Ryan, keep telling him. She thought, since she
• 6:58
  Speaker 5: made them, she saidself a goal of I'm going to
• 7:01
  Speaker 5: make five hundred dollars by selling them on Facebook marketplaces
• 7:04
  Speaker 5: in a month?
• 7:06
  Speaker 3: Is it an accountability August goal?
• 7:09
  Speaker 5: Five hundred dollars in a month. Five hundred dollars in
• 7:12
  Speaker 5: a month was the goal. But unfortunately that will not
• 7:15
  Speaker 5: be the result because in the first four days she
• 7:17
  Speaker 5: made one thousand dollars. A thousand dollars in four days.
• 7:23
  Speaker 3: Way to one thousand dollars.
• 7:24
  Speaker 1: Guys, she could bank account.
• 7:27
  Speaker 5: Get the sewing pins and knitting needles out for wild times. Well,
• 7:33
  Speaker 5: and I can confirm I have been in touch with
• 7:35
  Speaker 5: Rebecca today and that one thousand dollars is now up
• 7:39
  Speaker 5: to one thousand and thirty eight because I have purchased
• 7:41
  Speaker 5: some myself and she's sending them to my office. So
• 7:44
  Speaker 5: thank you Rebecca for that. And customer, does.
• 7:47
  Speaker 1: She have like a business name that we can give.
• 7:49
  Speaker 3: A little can we share it? Can you imagine if
• 7:51
  Speaker 3: it was like triple that?
• 7:53
  Speaker 5: Well, she actually said that it's because it's gone wild,
• 7:56
  Speaker 5: like literally in the last week. She can't keep up.
• 7:57
  Speaker 5: But it's in the Facebook group. So let me ask
• 7:59
  Speaker 5: her for some details, and if we get a bit
• 8:01
  Speaker 5: of an update, I can reshare that into the group
• 8:03
  Speaker 5: and a little link or something. Yeah, but she's flat out.
• 8:05
  Speaker 5: I don't want to overwhelm her and send one hundred
• 8:07
  Speaker 5: and eighty thousand people from the group to her website.
• 8:10
  Speaker 5: Her poor knitting hands won't be able to keep up,
• 8:12
  Speaker 5: all right. Melissa said she received a letter from Optis.
• 8:16
  Speaker 5: Now I think this was in the news, so some
• 8:17
  Speaker 5: other people might have had something similar. I received a
• 8:20
  Speaker 5: letter from Optus. They're compensating me a thousand dollars from
• 8:23
  Speaker 5: the NBN that we had two years ago, and I
• 8:26
  Speaker 5: think there was some sort of refund payout. They promised
• 8:29
  Speaker 5: a certain speed that they couldn't end up delivering. It
• 8:31
  Speaker 5: was one of those sort of stories. So, I mean,
• 8:34
  Speaker 5: when you get slow Internet, you kind of just get frustrated.
• 8:36
  Speaker 5: You don't really think about the legalities of it. But
• 8:38
  Speaker 5: she has a check for one thousand dollars as a repayment.
• 8:42
  Speaker 3: That's a good money win. That is, that's the money
• 8:44
  Speaker 3: when you didn't see coming like that's the truest of
• 8:47
  Speaker 3: true money wins.
• 8:48
  Speaker 5: I believe yeap Georgia Baker, And I don't know if
• 8:51
  Speaker 5: you saw this photo in the group. She took a
• 8:53
  Speaker 5: screenshot of her phone because she was on hold for
• 8:56
  Speaker 5: one hour and fifty seven minutes. Oh my god, to
• 9:00
  Speaker 5: get through to on my Gov and Center link. It's
• 9:03
  Speaker 5: been really hard for a lot of people after countless
• 9:06
  Speaker 5: hurdles and on hold for this long. Today, I finally
• 9:08
  Speaker 5: got my disaster payment for being fourteen days in quarantine
• 9:12
  Speaker 5: because she was in a bit of a tricky spot.
• 9:14
  Speaker 5: I can now pay my rent and bills without touching
• 9:16
  Speaker 5: my emergency fund. What a massive relief. And she did
• 9:20
  Speaker 5: point out though that it would have been more stressful
• 9:23
  Speaker 5: obviously if she had not had the emergency fund. At
• 9:26
  Speaker 5: least she would have then had an option to make
• 9:29
  Speaker 5: and she said obviously we never really want to use
• 9:32
  Speaker 5: our emergency fund, but just having it there, it took
• 9:34
  Speaker 5: a lot of stress off, and that, I guess is
• 9:35
  Speaker 5: the whole point of having it so well done.
• 9:37
  Speaker 1: Yeah for sure.
• 9:38
  Speaker 5: Now Kirale Hall will we say. She's a frequent commentor
• 9:41
  Speaker 5: and great value on both Instagram and Facebook. She's all
• 9:44
  Speaker 5: over it money loss. I bought a Nintendo Switch and
• 9:48
  Speaker 5: a whole bunch of games and probably spent more than
• 9:50
  Speaker 5: I would have liked. But I'm in lockdown and I
• 9:52
  Speaker 5: work at Aldi, so I think I deserve it. This
• 9:54
  Speaker 5: is now in my self care slash lockdown win, and
• 9:57
  Speaker 5: I'm taking it.
• 9:57
  Speaker 6: So on your here and shout out to everyone who
• 10:02
  Speaker 6: does work in an essential service, all of our supermarket
• 10:04
  Speaker 6: workers and healthcare professionals. Because it's tough, and I know
• 10:09
  Speaker 6: that sometimes it can be hard when you see everyone
• 10:10
  Speaker 6: else working from home, and obviously everything has its own challenges,
• 10:14
  Speaker 6: but those people who are still getting up and going
• 10:16
  Speaker 6: to work every day, you guys are my heroes.
• 10:18
  Speaker 5: All right, V you've got your phone in your hand,
• 10:20
  Speaker 5: type this into Instagram.
• 10:21
  Speaker 3: I'm on it.
• 10:22
  Speaker 5: Bells dot build. So this is Bala. She is nineteen
• 10:27
  Speaker 5: years old and She's just finished building her own house.
• 10:31
  Speaker 5: She's built her own house and she's nineteen years old.
• 10:34
  Speaker 6: Stop it when you say she built her herself, do
• 10:36
  Speaker 6: you mean like she literally like nailed it together. I
• 10:39
  Speaker 6: mean there's more than nails holding it.
• 10:42
  Speaker 3: Little miss. You sound like Ryan with needing me.
• 10:45
  Speaker 5: I was gonna say, who's worse, me trying to describe
• 10:47
  Speaker 5: how to make a mask or just describing how to
• 10:49
  Speaker 5: build it one.
• 10:52
  Speaker 3: This house is so cute.
• 10:54
  Speaker 5: It's beautiful, isn't it?
• 10:55
  Speaker 3: Like her kitchen like runs rings around mine. The house
• 10:59
  Speaker 3: is cute. The whole thing has been documented.
• 11:01
  Speaker 5: How fun it really is fun? But to answer your question, Jess,
• 11:04
  Speaker 5: there's obviously lots of other trades and specialists and stuff
• 11:07
  Speaker 5: doing it. However, there are a lot of photos of
• 11:09
  Speaker 5: her in the high veers and the work boots on
• 11:11
  Speaker 5: site do it like. I don't know the extent, but
• 11:13
  Speaker 5: she has managed this whole process at age nineteen, way
• 11:17
  Speaker 5: to make the rest of us all feel useless.
• 11:19
  Speaker 3: Bell, and you're terrible, And they sink tap in my
• 11:23
  Speaker 3: bathroom doesn't even have hot water. Thank you.
• 11:25
  Speaker 5: Bell.
• 11:33
  Speaker 3: All right, we are back and today I am so
• 11:35
  Speaker 3: excited about this. Sounds like I'm going into an ad
• 11:38
  Speaker 3: but I'm not. I'm literally going to tell you how
• 11:41
  Speaker 3: to convince the government to give you an extra five
• 11:43
  Speaker 3: hundred bucks in your super which I think is a
• 11:45
  Speaker 3: very exciting thing. I don't think any of you are
• 11:48
  Speaker 3: actually eligible because you guys own too much money. But
• 11:53
  Speaker 3: if you earn under fifty six thousand, one hundred and
• 11:56
  Speaker 3: twelve dollars and you're currently making after tax contributions to
• 12:00
  Speaker 3: your super you could be eligible for the government to
• 12:02
  Speaker 3: make a co contribution of five hundred dollars to your superfund,
• 12:05
  Speaker 3: which is a money win if ever I heard one.
• 12:08
  Speaker 5: That's huge. That's huge. So what do people actually have
• 12:11
  Speaker 5: to do gifted?
• 12:13
  Speaker 6: Right?
• 12:13
  Speaker 5: No?
• 12:13
  Speaker 3: No, no, you don't just get it unfortunately, why not?
• 12:16
  Speaker 3: Why do I make it hard? It's not actually that hard.
• 12:19
  Speaker 1: Just give me the money, please, I promise you.
• 12:21
  Speaker 3: It's really easy. But you've got to know about it.
• 12:24
  Speaker 3: You've got to be in it to win it.
• 12:25
  Speaker 5: Right.
• 12:25
  Speaker 3: So if you make an after tax contribution to your superfund,
• 12:29
  Speaker 3: which you don't claim a tax deduction for so you
• 12:32
  Speaker 3: can't claim it on your tax, then you lodge your
• 12:35
  Speaker 3: tax return and have a total income of less than
• 12:38
  Speaker 3: fifty four thousand eight hundred and thirty seven dollars in
• 12:41
  Speaker 3: the twenty twenty one financial year or the twenty twenty
• 12:44
  Speaker 3: two financial year which is coming up, which is fifty
• 12:47
  Speaker 3: six thousand, one hundred and twelve dollars, you can receive
• 12:51
  Speaker 3: the co contribution, And Tony, you know how you said
• 12:54
  Speaker 3: before they always make you jump through hoops and apply
• 12:56
  Speaker 3: for things. This one. You don't actually have to apply
• 12:59
  Speaker 3: for the co contribute, but you do need to make
• 13:01
  Speaker 3: sure that your super fund has your tax file numbers
• 13:03
  Speaker 3: so they know whether or not that you've claimed your
• 13:06
  Speaker 3: super contributions or not. Then once you've lodged your tax
• 13:09
  Speaker 3: return with the ATO who have super fun guys, they
• 13:11
  Speaker 3: will then use that information to work out your eligibility,
• 13:15
  Speaker 3: and if you're eligible, the ATR will just automatically calculate
• 13:18
  Speaker 3: the amount that is owed to you and put it
• 13:20
  Speaker 3: in your super fund. And I think that's really fun.
• 13:24
  Speaker 3: I don't know about you, guys. You don't seem as
• 13:26
  Speaker 3: enthusiastic about this as me, because you're like, oh, it's
• 13:29
  Speaker 3: five hundred dollars? Is it worth it? Yes? Because I
• 13:31
  Speaker 3: have done the mass because well, here we go.
• 13:33
  Speaker 5: I'm rubbing my hands together. VI how much is it
• 13:35
  Speaker 5: going to be occur? Right? Right?
• 13:37
  Speaker 6: Right?
• 13:37
  Speaker 3: So if we calculated it out and worked out the
• 13:39
  Speaker 3: compounding interest on five hundred dollars, which is an exciting
• 13:42
  Speaker 3: thing to do, because I don't think many of us
• 13:45
  Speaker 3: are like, oh, contributing five hundred dollars to super is
• 13:48
  Speaker 3: it worth it?
• 13:49
  Speaker 1: Is it not? It doesn't sound like very much.
• 13:51
  Speaker 3: It doesn't sound like a lot. But I promise you
• 13:53
  Speaker 3: over the long term, it absolutely is. And if we
• 13:55
  Speaker 3: work off a base rate of seven point five percent,
• 13:58
  Speaker 3: we're not calculating into this any CPR or inflation, So
• 14:01
  Speaker 3: just f yi. But hypothetically, if you were twenty years
• 14:05
  Speaker 3: old and you got an additional five hundred dollars from
• 14:08
  Speaker 3: the government by the time you're almost ready to retire, Tony,
• 14:12
  Speaker 3: do you want to have a stab? How much is
• 14:13
  Speaker 3: that five hundred dollars worth?
• 14:15
  Speaker 1: Five thousand dollars?
• 14:17
  Speaker 3: No, it is twelve thousand, nine hundred and seventy three
• 14:22
  Speaker 3: dollars if you calculated out using the money Smart Government
• 14:25
  Speaker 3: website compounding interest calculator, which I think is so fun.
• 14:29
  Speaker 3: But that's only at seven point five percent, which is
• 14:32
  Speaker 3: pretty conservative. And I just think that that's really fun
• 14:35
  Speaker 3: because in retirement, you could have like twelve grand more
• 14:38
  Speaker 3: simply by thinking about.
• 14:39
  Speaker 4: It now, which is a pretty bougie holiday. Or oh
• 14:44
  Speaker 4: that's a lot of money.
• 14:45
  Speaker 3: At the end of the day, car guys, the government
• 14:47
  Speaker 3: will give you a car that they won't hard. That
• 14:53
  Speaker 3: is also, let's remember, on top of your already existing
• 14:57
  Speaker 3: ten percent super contributions that you are making today, which
• 15:00
  Speaker 3: I think is super fun and that is why super
• 15:03
  Speaker 3: super sexy. And you guys don't agree with me, and
• 15:05
  Speaker 3: that's cool. We can talk about something else. But if
• 15:08
  Speaker 3: you are eligible, I would be looking into that, and
• 15:11
  Speaker 3: that is one of the benefits of she's on the money,
• 15:12
  Speaker 3: because we just want to make you money. We want
• 15:14
  Speaker 3: to make you rich.
• 15:16
  Speaker 7: So basically, the government's not giving you five hundred dollars
• 15:19
  Speaker 7: astros Asterix. We come five hundred dollars, so you're welcome.
• 15:27
  Speaker 3: Yeah, don't say we don't do anything for you. All right,
• 15:32
  Speaker 3: Moving away from supachers. As much as that's a really
• 15:34
  Speaker 3: really exciting you guys don't look as enthusiastic about it
• 15:38
  Speaker 3: as I know you are about our accountability August check in.
• 15:42
  Speaker 3: So let's start with Ryan, Ryan, how are you going
• 15:45
  Speaker 3: with your accountability? August challenge.
• 15:48
  Speaker 5: Well, first of all, I would just like to say
• 15:50
  Speaker 5: thank you to all the people in that She's on
• 15:51
  Speaker 5: the Money group who have been overly supportive, because, as
• 15:54
  Speaker 5: I posted on Friday saying that I'm not going to
• 15:57
  Speaker 5: spend any money on Uber Eats at the same time
• 16:00
  Speaker 5: as Melbourne going back into lockdown, I feel like we're
• 16:03
  Speaker 5: conflicting errors. And there is literally a thousand comments on
• 16:06
  Speaker 5: this post of people being like, lockdown doesn't count, It's
• 16:09
  Speaker 5: totally fine, get your wife divide.
• 16:12
  Speaker 3: Do you need a voucher like we've got you?
• 16:14
  Speaker 5: So take this to yourself and to be honest, And
• 16:18
  Speaker 5: I don't know if this sounds like a bit softy,
• 16:20
  Speaker 5: but obviously we're all bummed out about lockdown. But just
• 16:22
  Speaker 5: reading through that thread of people just like making jokes
• 16:24
  Speaker 5: about it and saying it doesn't count, it was actually
• 16:26
  Speaker 5: pretty funny and put a smile on my face. So
• 16:27
  Speaker 5: that was great. But to answer your question, how's it going?
• 16:30
  Speaker 5: Not well? Not well at all, I think, And I mean,
• 16:36
  Speaker 5: what a great cop out. But when you can't really
• 16:38
  Speaker 5: do much during the day and you don't really have
• 16:40
  Speaker 5: much to look forward to, just being able to have
• 16:43
  Speaker 5: some delicious food that someone else cooked is fantastic, and
• 16:47
  Speaker 5: I just want to share my favorite comment. I don't
• 16:48
  Speaker 5: know if it was a meme or a comment or
• 16:50
  Speaker 5: a tweet or somewhere I saw it, but someone said,
• 16:54
  Speaker 5: getting COVID means you might be short of breath. Getting
• 16:57
  Speaker 5: into lockdown means you're now allergic to all the food
• 16:59
  Speaker 5: already in your fridge. It's no interest. So I definitely
• 17:04
  Speaker 5: feel that. I reckon. I've had uber eats once or
• 17:06
  Speaker 5: it's still actually less once, probably used to.
• 17:10
  Speaker 3: I think it might have been a few more times
• 17:12
  Speaker 3: than once.
• 17:13
  Speaker 5: Ryan John, no once or twice. I think going direct
• 17:18
  Speaker 5: to the restaurant was loop hole. We discussed last week.
• 17:20
  Speaker 5: That may have been exercised again, but I just, I
• 17:24
  Speaker 5: guess more conscious of it as well and not just
• 17:27
  Speaker 5: getting the worst option, even if it's a healthier Uber
• 17:30
  Speaker 5: eat than just always being pizza or burgers or something
• 17:33
  Speaker 5: like that. There are a lot of like I live
• 17:35
  Speaker 5: in Richmond's, there are a good of like really fresh
• 17:37
  Speaker 5: like Vietnamese places and stuff like that. So trying to
• 17:39
  Speaker 5: not still be as fat as I was, But I'm
• 17:42
  Speaker 5: fighting the good fight and still going but loud.
• 17:45
  Speaker 3: If you Ryan, congratulations.
• 17:47
  Speaker 5: Thank you. I appreciate that, jess What is happening though?
• 17:50
  Speaker 5: Where are you up to with yours? Because you were
• 17:51
  Speaker 5: planning on selling a whole step of things on marketplace, right.
• 17:54
  Speaker 4: Which is probably pretty hard if you can't have people
• 17:57
  Speaker 4: coming over.
• 17:57
  Speaker 3: Correct.
• 17:58
  Speaker 6: So I was doing really well week when I had
• 18:00
  Speaker 6: made ninety dollars and then we went bang straight into lockdown,
• 18:05
  Speaker 6: and so I've puperted, shall we say. And I'm selling
• 18:08
  Speaker 6: a lot of stuff on my deepop, which means that
• 18:10
  Speaker 6: I can just post things out to people. I like,
• 18:12
  Speaker 6: pre bought a bunch of like postage things so I
• 18:14
  Speaker 6: don't have to be going out in public super often.
• 18:17
  Speaker 6: I can just drop them with my local postbox. But
• 18:20
  Speaker 6: I'm very excited to report I did a big drop
• 18:25
  Speaker 6: on the weekend with a heap of like new beauty.
• 18:27
  Speaker 3: Products that I was gaming this system, Jessica, are you?
• 18:33
  Speaker 6: I am currently sitting at a very tidy four hundred
• 18:36
  Speaker 6: and seventy five dollars for week two of lockdown, which
• 18:41
  Speaker 6: is really exciting. There's heaps of stuff, study so much
• 18:43
  Speaker 6: clothes makeup at Jessica Rokey's my deepop handle help a
• 18:47
  Speaker 6: girl out.
• 18:50
  Speaker 3: I calm it down.
• 18:52
  Speaker 5: If you've got to help me out. I'm at uber
• 18:53
  Speaker 5: eat Slash Ryan John, So I.
• 18:55
  Speaker 3: Just started I'm going to start charging you guys advertising fees.
• 18:59
  Speaker 6: I feel like being in lockdown has actually been really
• 19:02
  Speaker 6: good for me because I had already gone through and
• 19:04
  Speaker 6: cleared everything out, but because I've got nothing else to do.
• 19:07
  Speaker 3: I went through having your job.
• 19:09
  Speaker 6: Yeah, but like it's not like I'm commuting or I
• 19:12
  Speaker 6: have so much more time. And so I went through
• 19:15
  Speaker 6: my closet again, and I went through my house again,
• 19:17
  Speaker 6: and I was like, oh wow, like there's all this
• 19:19
  Speaker 6: stuff that I missed the first time around.
• 19:21
  Speaker 4: There anything left, Jess or are you just like sleeping
• 19:24
  Speaker 4: on a milk crate because you've.
• 19:28
  Speaker 3: Jess is just here naked.
• 19:32
  Speaker 6: I have nothing left, No, not at all. But yeah,
• 19:34
  Speaker 6: it's been really good, Tony. How are you going? Because
• 19:36
  Speaker 6: you picked arguably the hardest one.
• 19:40
  Speaker 4: So I committed to a no spend month for the
• 19:43
  Speaker 4: month of August. It's the thirteenth of August today, so
• 19:47
  Speaker 4: we're about halfway through.
• 19:48
  Speaker 1: It's actually going quite well.
• 19:50
  Speaker 4: And like Ryan said before, it just makes you so
• 19:53
  Speaker 4: much more mindful. So because in my mind I'm thinking, Okay,
• 19:56
  Speaker 4: I no, I can't spend any money. I'm actually not
• 19:59
  Speaker 4: just scrolling through online or seeing things on Instagram being like, oh, yeah,
• 20:03
  Speaker 4: I am going to click the shop now link, because
• 20:05
  Speaker 4: I'm like, oh, there's just no point. But I did
• 20:08
  Speaker 4: see this coat that I've had my eye on for
• 20:12
  Speaker 4: a while, which was one hundred and ninety dollars and
• 20:15
  Speaker 4: was down to ninety dollars the other day. I've had
• 20:19
  Speaker 4: my eye on it for a while, and I put
• 20:22
  Speaker 4: the ninety dollars into my nose spend month up saver,
• 20:27
  Speaker 4: so I didn't actually buy the coat.
• 20:28
  Speaker 1: I saved the.
• 20:29
  Speaker 3: Money self Control. Those c is.
• 20:34
  Speaker 5: An unofficial layby Oh maybe at Christmas.
• 20:41
  Speaker 4: It's just been really exciting actually, like seeing the changes
• 20:44
  Speaker 4: in my habits because of just and being in lockdown
• 20:48
  Speaker 4: as well has been like challenge mode for all of us.
• 20:52
  Speaker 3: But yeah, it's been really really good.
• 20:53
  Speaker 1: I'm really enjoying myself.
• 20:54
  Speaker 4: Except I did put something on my story the other
• 20:56
  Speaker 4: day about Dixie drumsticks coming back. My gosh, I don't know,
• 21:00
  Speaker 4: you guys remember those little crackers, And somebody from the
• 21:02
  Speaker 4: community messaged me and said, isn't it a.
• 21:04
  Speaker 1: No spend month.
• 21:05
  Speaker 4: That's food And I'll be buying the Dixie out of this.
• 21:14
  Speaker 3: Stop stop right there. You're going to hold back Dixie
• 21:17
  Speaker 3: sticks from a woman in lockdown?
• 21:19
  Speaker 1: Thank you?
• 21:20
  Speaker 3: I want world guys.
• 21:22
  Speaker 5: I like how you probably want to scold them, but like,
• 21:25
  Speaker 5: but thanks for listening.
• 21:31
  Speaker 3: Tony space guys. She looked like she was about to
• 21:34
  Speaker 3: cut someone.
• 21:36
  Speaker 4: Instead of me scolding people about my no spend month.
• 21:39
  Speaker 4: How are you going taking lunch to work, Victoria?
• 21:42
  Speaker 2: How working from home?
• 21:44
  Speaker 1: That feels like another loophole, you'd big brain.
• 21:48
  Speaker 3: I gamed the system. I am an official genius. I
• 21:53
  Speaker 3: cannot not have lunch at home now because we're in lockdown,
• 21:57
  Speaker 3: and as of Wednesday, lockdown got extended, so I'm not
• 22:02
  Speaker 3: even going to have the opportunity to slip out of this.
• 22:05
  Speaker 3: So yeah, exactly, I have been eating lunch at home.
• 22:08
  Speaker 3: I can happily report that I am not actually allergic
• 22:11
  Speaker 3: to any of the food in my fridge, which is
• 22:14
  Speaker 3: very good.
• 22:15
  Speaker 1: But that has not been my experience.
• 22:17
  Speaker 3: No, but that's okay because that's not your month. Like,
• 22:21
  Speaker 3: you can do what you want when it comes to food.
• 22:23
  Speaker 3: And I did buy a cheeky dress the other day,
• 22:25
  Speaker 3: so that's a bit of a money loss, but it's
• 22:28
  Speaker 3: really cute and it'll be good for work, and I
• 22:30
  Speaker 3: calculated my cost per ware Tony so that I'm is
• 22:34
  Speaker 3: that it all work. But on top of that, not
• 22:36
  Speaker 3: only did I wait literally a couple of weeks before
• 22:39
  Speaker 3: purchasing it, I also got some validation by sending a
• 22:43
  Speaker 3: picture to Jess and saying should I buy this? And
• 22:45
  Speaker 3: she said yes? So obviously if Jess yes, it's okay.
• 22:48
  Speaker 1: Yeah, Jess controls my finances as well.
• 22:51
  Speaker 3: I run a tight ship.
• 22:52
  Speaker 5: Can we do an episode VI a deep dive and
• 22:55
  Speaker 5: we'll call it Enablers?
• 22:57
  Speaker 3: Yes?
• 22:59
  Speaker 5: Who is that person in your life that lets you
• 23:01
  Speaker 5: do all the spending you don't need to do?
• 23:04
  Speaker 3: And this could like extrapolate out into an entire TV
• 23:08
  Speaker 3: series And instead of having a TV show called Say
• 23:11
  Speaker 3: Yes to the Dress, it's say Yes to Jess and
• 23:13
  Speaker 3: we can just ask Jess for permission to buy things
• 23:16
  Speaker 3: we don't need. Genius.
• 23:18
  Speaker 5: I like that. Will that be coming before after Jess's
• 23:21
  Speaker 5: Marketplace manifestations podcast and TV series?
• 23:24
  Speaker 3: I think it will probably come as a follow up,
• 23:27
  Speaker 3: but I'm also gonna spinnife. I'm also planning on pitching
• 23:31
  Speaker 3: to Channel nine the Stock It's like the Block, but
• 23:34
  Speaker 3: we build investment portfolios for people and we rate them
• 23:38
  Speaker 3: each week. And I'm hoping to get Scottie Cam.
• 23:40
  Speaker 6: Yeah, I love Scottie Cam.
• 23:45
  Speaker 3: Why did you pick Van Guardy?
• 23:47
  Speaker 1: Yes?
• 23:47
  Speaker 3: G what's going on there? Victoria? Only if he shows
• 23:50
  Speaker 3: up an his shorts and steel caps.
• 23:52
  Speaker 1: Tho talk about superannuation.
• 23:57
  Speaker 5: Again, dollars.
• 24:00
  Speaker 3: You know what, guys, I think we've done here. We
• 24:02
  Speaker 3: have done our August accountability check in and I think Jess,
• 24:06
  Speaker 3: with that, that is all we have time for today.
• 24:09
  Speaker 5: Yeah. V if you want to do the wrap up Tony,
• 24:11
  Speaker 5: if you say some other things, Jess, go get some
• 24:13
  Speaker 5: cold water for yourself made and just pour it all over. Yeah.
• 24:16
  Speaker 3: We'll get straight into that. But just before we head off,
• 24:18
  Speaker 3: we would like to acknowledge and pay respect to Australia's
• 24:21
  Speaker 3: Aboriginal and torrest Right islander peoples. They're the traditional custodians
• 24:25
  Speaker 3: of the lands, the waterways and the skies all across Australia.
• 24:29
  Speaker 3: We thank you for sharing and for caring for the
• 24:31
  Speaker 3: land in which we are able to learn. We pay
• 24:34
  Speaker 3: our respects to elders past and present, and we share
• 24:36
  Speaker 3: our friendship and our kindness.
• 24:39
  Speaker 1: The advice shared on She's on the Money is generally
• 24:41
  Speaker 1: nature and does.
• 24:42
  Speaker 4: Not consider your individual circumstances or accountability.
• 24:46
  Speaker 1: Augusts on the Money.
• 24:48
  Speaker 4: Exists purely for educational purposes and should not be relied
• 24:52
  Speaker 4: upon to make an investment or financial decision, and we promise.
• 24:55
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• 24:59
  Speaker 4: Management Proprietary Limited ABN three four one three two four
• 25:03
  Speaker 4: six three two five seven AFSL three three nine one
• 25:06
  Speaker 4: five one.
• 25:07
  Speaker 5: And if you haven't already joined the Facebook group, there's
• 25:09
  Speaker 5: so many conversations there, people sharing tips and ideas and
• 25:12
  Speaker 5: saving tax, so it's really great you can catch up
• 25:14
  Speaker 5: on all everyone else's accountability August challenges as well. We'll
• 25:17
  Speaker 5: jump on over to our Instagram which is shes on
• 25:19
  Speaker 5: the Money a US.
• 25:20
  Speaker 3: And we are off to get Jess a cold glass
• 25:22
  Speaker 3: of water. See you next week