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Millennials are entitled (to take their paid leave) · She's On The Money

• 0:00
  Speaker 1: She's on the Money.
• 0:02
  Speaker 2: She's on the Money. Hello, and welcome to She's on
• 0:14
  Speaker 2: the Money, the podcast of millennials you want Financial Freenom.
• 0:17
  Speaker 2: My name is Georgia King. I'm a copywriter and journalism
• 0:20
  Speaker 2: student and it's Wednesday, which means it's time to chat
• 0:23
  Speaker 2: money with Melbourne based finance magician Victoria Devine.
• 0:27
  Speaker 1: Hello, v Hello, I like being called toy. Yeah that's nice.
• 0:30
  Speaker 1: I'll keep that carry on now.
• 0:32
  Speaker 2: Today on the show, we're talking leave entitlements, covering off
• 0:36
  Speaker 2: everything from what Australian law says you're entitled to when
• 0:39
  Speaker 2: it comes to annual maternity cares, leave and more, as
• 0:43
  Speaker 2: well as what the goal is if you're a freelancer. Plus,
• 0:45
  Speaker 2: we'll be exploring how to navigate the sticky situation of
• 0:48
  Speaker 2: what to do when your boss doesn't want you to
• 0:50
  Speaker 2: take the leave you're entitled to.
• 0:52
  Speaker 1: Is this a subtle grab at me, Georgia or okay, cool?
• 0:55
  Speaker 1: Moving on, it's a personal attack.
• 0:57
  Speaker 3: Now.
• 0:57
  Speaker 2: There are very juicy times ahead, Vicki. But before we
• 1:00
  Speaker 2: knuckle down and get on into it, you very excitingly
• 1:05
  Speaker 2: had a little webinar with the amazing Lisa Messenger a
• 1:08
  Speaker 2: couple of weeks ago for anyone who missed it, give
• 1:11
  Speaker 2: us a little reek.
• 1:12
  Speaker 1: Oh my gosh, yes I did. So, HP have put
• 1:15
  Speaker 1: on the HP Business Not as Usual series only is
• 1:18
  Speaker 1: hosted by the delightful Lisa Messenger, who has a podcast
• 1:21
  Speaker 1: off her own if you guys are interested in listening
• 1:24
  Speaker 1: to it. But they pulled together so many exciting business owners.
• 1:29
  Speaker 1: So for example, obviously me subtle plug, humble brag, obvious,
• 1:33
  Speaker 1: but I was speaking about financing during a crisis, and
• 1:36
  Speaker 1: they probably put me first because it can't get much
• 1:38
  Speaker 1: worse than that. And then recently they've had the likes
• 1:41
  Speaker 1: of Pepper Hallis who established a Labashet and Elise Tran
• 1:45
  Speaker 1: who established the Daily Edited, which if you guys have
• 1:48
  Speaker 1: ever been in the Sheets on the Money Office, I
• 1:51
  Speaker 1: think it's looted with Sheets on the Money.
• 1:54
  Speaker 2: The monogram stuff.
• 1:55
  Speaker 1: Yeah, that's all of our monogrammed loot, which is very exciting.
• 1:58
  Speaker 1: But they are amazing business women. So if you are
• 2:01
  Speaker 1: keen to have a listen to that or replay my
• 2:03
  Speaker 1: webinar with Lisa, jump on on, Jump on, Jump on on,
• 2:08
  Speaker 1: Jump online, and you can rewatch it via the link
• 2:10
  Speaker 1: that we are going to put in the show Notesorgia.
• 2:13
  Speaker 2: How long roughly are we talking for that one?
• 2:15
  Speaker 1: Look? It was probably about fifty minutes of solid.
• 2:18
  Speaker 2: Content, same size as the podcast.
• 2:20
  Speaker 1: I was genuinely really worried because obviously during COVID I
• 2:23
  Speaker 1: wasn't allowed to travel to Sydney to go and film
• 2:26
  Speaker 1: this with Lisa. But we had such grave chemistry. I
• 2:29
  Speaker 1: really enjoyed that interview.
• 2:30
  Speaker 2: Not gonna lie interesting. Maybe you should start your own podcaster.
• 2:32
  Speaker 1: Oh my gosh, yes, just don't.
• 2:34
  Speaker 2: Find me money wins and confessions. Let's move along. You
• 2:37
  Speaker 2: can go first because you always do, and that's how
• 2:39
  Speaker 2: we do.
• 2:39
  Speaker 1: It, is it. I like structure, so yeah, let's keep that. Okay, Georgia,
• 2:44
  Speaker 1: I actually have a money in this week. Happy for you.
• 2:47
  Speaker 1: Thank you. It's like a money win that's not a loss.
• 2:51
  Speaker 1: But also I could have done it myself, So let's see.
• 2:54
  Speaker 1: Way back in June, I purchased a number of bookshelves
• 2:57
  Speaker 1: from the very trusty Ikea and they were for my office.
• 3:01
  Speaker 1: But then COVID happened in Melvin again, and we've been
• 3:03
  Speaker 1: in lockdown, so I have not put those bookshelves up.
• 3:07
  Speaker 1: They've been sitting in their boxes, taking up a lot
• 3:10
  Speaker 1: of space in our office, as you would know, Georgia yea.
• 3:13
  Speaker 1: And so I kept talking about how I was going
• 3:16
  Speaker 1: to come in and put them together, but it was
• 3:17
  Speaker 1: never going to happen because I actually am not very
• 3:20
  Speaker 1: good at flat pack furniture. Thought maybe I'll get my
• 3:22
  Speaker 1: partner in on this, but I didn't want to get
• 3:24
  Speaker 1: a divorce before we even talk about marriage. So I've
• 3:28
  Speaker 1: jumped on Air Tasker. I'm paying someone to come in
• 3:31
  Speaker 1: and set up our bookcases tomorrow for a pretty good
• 3:35
  Speaker 1: amount of money. Seventy five bucks. There's three big bookcases.
• 3:39
  Speaker 1: So money win from me because I can continue working
• 3:41
  Speaker 1: well this happens. But also I love that there's someone
• 3:45
  Speaker 1: on Air Tasker who's gotten another job out of this,
• 3:47
  Speaker 1: and he seems lovely so far. So I don't know.
• 3:50
  Speaker 1: I thought that was a money win that I could
• 3:52
  Speaker 1: potentially pass on to the community as well, because if
• 3:55
  Speaker 1: you want some extra cash coming up to Christmas, why
• 3:56
  Speaker 1: not John pon Air Tasker, I'll put together someone's flat
• 3:59
  Speaker 1: back furniture.
• 4:00
  Speaker 2: Clever, clever. I'm like, that can't be that hard.
• 4:03
  Speaker 1: I mean, it's not that hard. I can clearly put
• 4:04
  Speaker 1: together flat packed furniture. But I've just got six million
• 4:07
  Speaker 1: things on at the moment, especially coming up to Christmas,
• 4:10
  Speaker 1: that it made sense to just find someone for a
• 4:12
  Speaker 1: reasonable price to get it done. So for me, that's
• 4:14
  Speaker 1: a money win and kind of a life win.
• 4:16
  Speaker 2: So mine is obscure. Well what a change for George.
• 4:20
  Speaker 2: So I've recently moved into a new apartment with my boyfriend.
• 4:24
  Speaker 1: Georgia getting personal. So it's getting.
• 4:28
  Speaker 2: Serious, it's getting no no just mates housemates in a
• 4:32
  Speaker 2: one bedroom, past roommates. Yeah, anyway, I love that for
• 4:35
  Speaker 2: another time, no one's interested in I am.
• 4:38
  Speaker 1: I absolutely am, and I know every single one of
• 4:40
  Speaker 1: our listeners wants to know about your personal.
• 4:42
  Speaker 2: Life, like the good housemate that I am. To my boyfriend,
• 4:45
  Speaker 2: I was like, I'll make dinner tonight, sweets. You just
• 4:48
  Speaker 2: go relax, have a beer on the balcony. That's why
• 4:50
  Speaker 2: I talked to him. Anyway, he's drinking his beer, having
• 4:53
  Speaker 2: a good time. I'm making vodka pasta else. It's kind
• 4:57
  Speaker 2: of my specialty. It is the most it's your specialty. Yeah,
• 5:00
  Speaker 2: you've never made it for me.
• 5:02
  Speaker 1: I mean, I actually didn't eat.
• 5:03
  Speaker 2: Any of the things going on.
• 5:05
  Speaker 1: Feeling attack. I just want to be included.
• 5:07
  Speaker 2: Georgia actually did make a vegan version of it for
• 5:09
  Speaker 2: my partner's parents recently, so maybe I could make it
• 5:12
  Speaker 2: for you free pasta, right, anyway.
• 5:14
  Speaker 1: I'm on this. Yeah, but who do you think you are? Gigi?
• 5:17
  Speaker 2: He did, Well, that's it's not her recipe, but this
• 5:20
  Speaker 2: has been making the recently, hasn't it. Well maybe it's
• 5:23
  Speaker 2: exactly the same, but I didn't use her recipe. It's
• 5:27
  Speaker 2: Gigi King's recipe. You know. I like that as good
• 5:30
  Speaker 2: looking as each other. Anyway, I don't believe that Gigi
• 5:33
  Speaker 2: did actually eats vodka pasta, but that's the chat for
• 5:35
  Speaker 2: another time as well. Point is, I was halfway through
• 5:39
  Speaker 2: making the dinner and then got a little excited, went
• 5:43
  Speaker 2: to pop a record on and the entire vat of
• 5:46
  Speaker 2: pasta sauce fell on the ground. Oh no, a new apartment, Like,
• 5:51
  Speaker 2: it's not that new.
• 5:51
  Speaker 1: It's got but it's got brand new flooring and it
• 5:53
  Speaker 1: doesn't matter.
• 5:54
  Speaker 2: Yeah, and now it has pasta remnants. But that's okay
• 5:58
  Speaker 2: because it's delicious. But the low is that it was
• 6:01
  Speaker 2: you know, expensive, and I had to make it again.
• 6:03
  Speaker 1: So yeah, well you literally put vodka in your past us,
• 6:06
  Speaker 1: so I mean it was mishka. Oh okay, all right, well,
• 6:11
  Speaker 1: but maybe I don't want you to cook. No, no,
• 6:14
  Speaker 1: that's honestly for those of us who are under the
• 6:16
  Speaker 1: age of twenty four. I do believe we have a
• 6:18
  Speaker 1: very good relationship with Mishka Vodka.
• 6:20
  Speaker 2: Absolutely got a lot of jobs done back in the day. Anyway,
• 6:24
  Speaker 2: that's my confession done. Shall we move across to the Facebook.
• 6:27
  Speaker 1: I'm not even sure what that confession was. Absolutely we should, Georgia,
• 6:32
  Speaker 1: so I have a money win from Jazz. Jazz said,
• 6:35
  Speaker 1: and I really liked this one actually because, as you know, Georgia,
• 6:38
  Speaker 1: it's something that I am definitely guilty of. She said.
• 6:42
  Speaker 1: So not many people know this, and she reckons it's
• 6:45
  Speaker 1: a bit of a hat. She says, she's a size
• 6:46
  Speaker 1: seven women's shoes, and sometimes you can even be in
• 6:49
  Speaker 1: eight depending on the fit, but when it comes to
• 6:51
  Speaker 1: sneakers and runners, she's a kid's size five to six.
• 6:55
  Speaker 1: So she bought some new Acid Runners, which are usually
• 6:57
  Speaker 1: one hundred and eighty bucks for women's shoes, which we've
• 7:00
  Speaker 1: all been there. It is so expensis exactly, and she
• 7:04
  Speaker 1: said she bought the kids version for ninety bucks, which
• 7:07
  Speaker 1: is to me a massive money win. But then on
• 7:10
  Speaker 1: top of that, Georgia, she said she used her shop
• 7:12
  Speaker 1: back account, so she got even more money. Yeah, I'd
• 7:15
  Speaker 1: love that for her, and I think that this is
• 7:17
  Speaker 1: an epic money win because we can all, especially if
• 7:20
  Speaker 1: we have smaller fetes, we can all learn from that
• 7:22
  Speaker 1: and potentially embrace it ourselves.
• 7:24
  Speaker 2: I've got size eighties, I mean not eighties, wow, size
• 7:28
  Speaker 2: eight and I put on an ease on the end
• 7:30
  Speaker 2: because that's how I speak. Would I fit into children's shop?
• 7:33
  Speaker 1: You absolutely would, because my friends now we're sharing personal
• 7:36
  Speaker 1: information like moving in with our boyfriends and shoe sizes.
• 7:39
  Speaker 1: I'm a size forty, which is a nine homel, and
• 7:44
  Speaker 1: I can sometimes fit in kids runners. So yeah, all
• 7:47
  Speaker 1: the way up to my flopper, my flopper, flopper, flipper flip,
• 7:51
  Speaker 1: my flipper feet. There you go.
• 7:53
  Speaker 2: I wouldn't have picked that.
• 7:54
  Speaker 1: I did read through some of the comments on this too,
• 7:57
  Speaker 1: and I'd love to continue this conversation. Actually, pure out
• 8:00
  Speaker 1: of entertainment probably provides no value to anybody else but me.
• 8:04
  Speaker 1: But a few people were saying that we shouldn't do
• 8:07
  Speaker 1: this because it's not as good for our feet as
• 8:11
  Speaker 1: adult shoes. But I would argue that kids shoes should
• 8:13
  Speaker 1: be really well made, especially if they're as six, because
• 8:16
  Speaker 1: kid's feet are still developing.
• 8:17
  Speaker 2: Well, that's true, and they're also like on their feet
• 8:19
  Speaker 2: more than.
• 8:20
  Speaker 1: Adults because they wear them to school and stuff. But
• 8:23
  Speaker 1: then when it comes to shoes like Converse, aren't they
• 8:25
  Speaker 1: just universally completely flat.
• 8:27
  Speaker 2: On the whole feet? Yeah? So interesting.
• 8:29
  Speaker 1: Maybe it doesn't actually matter.
• 8:30
  Speaker 2: So if anyone works for like the athletes for.
• 8:32
  Speaker 1: Shore, can you just tell us the goss. Yeah, we'll
• 8:35
  Speaker 1: have some insider goss. You can remain completely anonymous and
• 8:39
  Speaker 1: we will dish the dirt on shoe sizes.
• 8:41
  Speaker 2: Love can't wait?
• 8:42
  Speaker 1: What have you got for me? Georgia?
• 8:43
  Speaker 2: Okay, So mine is from the Lovely Lauren who has
• 8:46
  Speaker 2: a DIY money win. So she saw an earring organizer
• 8:50
  Speaker 2: slash display on Etsy a few weeks ago, but it
• 8:53
  Speaker 2: was over ninety dollars, so she was like, it's.
• 8:55
  Speaker 1: He can be really expensive.
• 8:57
  Speaker 2: Yeah, and then she had to pay shipping on top
• 8:59
  Speaker 2: of that. So she was like, no, no, no, I'm
• 9:01
  Speaker 2: gonna do it. She's on the money er and I'm
• 9:03
  Speaker 2: going to di I Wyatt. So she spent thirty four
• 9:07
  Speaker 2: dollars creating it herself.
• 9:09
  Speaker 1: Oh I love that and the pictures are so pretty.
• 9:11
  Speaker 2: I know she's got so many pairs of quirky earrings.
• 9:14
  Speaker 1: There's some ice creams, there's some flamingos. My personal favorite.
• 9:17
  Speaker 1: There are the iced vovos.
• 9:19
  Speaker 2: What about they still talk to me as well, the
• 9:21
  Speaker 2: iced phovos and probably the watermelons.
• 9:24
  Speaker 1: Yeah, look, I quite like that. If you guys don't
• 9:26
  Speaker 1: know what we're talking about, jump on in and look
• 9:28
  Speaker 1: at Lauren's post.
• 9:30
  Speaker 2: Just such Lauren Etsy, I guess it'll probably come up.
• 9:33
  Speaker 2: But yeah, we loved that song.
• 9:34
  Speaker 1: Oh my gosh, Georgia, I just saw the baby Yoda earrings.
• 9:37
  Speaker 2: What we're the baby Yoda?
• 9:40
  Speaker 1: He was just hiding there that Yeah, takes the cake,
• 9:42
  Speaker 1: that takes the cake.
• 9:43
  Speaker 2: Well done, Well done, Lauren. I think we could probably
• 9:46
  Speaker 2: move along to the main topic of today's show.
• 9:49
  Speaker 1: If you're ready for what a Dream? It's going to
• 9:51
  Speaker 1: be so exciting.
• 9:52
  Speaker 2: Leave entitlements. It doesn't sound exciting and actually be. When
• 9:55
  Speaker 2: you suggested this as a topic, I think that's literally
• 9:57
  Speaker 2: what I said to you, Like you did topic interest text.
• 10:01
  Speaker 1: And then I didn't reply. Get it on purpose?
• 10:03
  Speaker 2: Jeez? Are we fighting anyway? WHOA? I did my research, guys,
• 10:08
  Speaker 2: turns out. This is actually an incredibly interesting, complex topic,
• 10:12
  Speaker 2: I promise you, especially when we compare our workplace rights
• 10:16
  Speaker 2: in Australia to those that exist in other countries.
• 10:18
  Speaker 1: Because it turns out we're pretty lucky.
• 10:20
  Speaker 2: Well that's it. That is it, And that was a
• 10:22
  Speaker 2: nice yeah. So I hope you enjoyed this song, guys. No,
• 10:26
  Speaker 2: we will continue now. I have lots of questions for
• 10:29
  Speaker 2: you today, v, especially with Christmas holidays coming up and
• 10:32
  Speaker 2: many of us taking leave around this time. But I
• 10:34
  Speaker 2: think probably the most sensible place to start would be
• 10:37
  Speaker 2: to have a little chat through all of the different
• 10:39
  Speaker 2: leaves that we are entitled to in Australia, as there
• 10:42
  Speaker 2: are a few some of our listeners may not have
• 10:44
  Speaker 2: even heard of. So to kick us off, talk me
• 10:46
  Speaker 2: through what each of these classes of leave mean for
• 10:49
  Speaker 2: Ozzie employees.
• 10:50
  Speaker 1: I most certainly can do that, George. But before we
• 10:53
  Speaker 1: get into today's chat, I do actually want to flag
• 10:55
  Speaker 1: that there are sillo many different types of leave in Australia. Right,
• 10:58
  Speaker 1: So you can be full timer, you could be part time,
• 11:01
  Speaker 1: you could have a casual role, you could have fixed
• 11:03
  Speaker 1: term contract, you could be a shift worker. You're like you, Georgia, King,
• 11:07
  Speaker 1: you could be a freelancer or an apprentice. The list
• 11:10
  Speaker 1: goes on and on and on and on. But all
• 11:12
  Speaker 1: of these different types of employees receive different entitlements, which
• 11:15
  Speaker 1: is uber confusing. And if you do want the full
• 11:18
  Speaker 1: scope on specifics of your employment type, there is a
• 11:21
  Speaker 1: fantastic OZ government website that lays it out super clearly.
• 11:25
  Speaker 1: We're going to link that in the show notes. But today,
• 11:27
  Speaker 1: just to clarify, we're mainly going to be talking about
• 11:30
  Speaker 1: full time, part time and casual roles because that's what
• 11:33
  Speaker 1: ninety nine point ninety five percent of our listeners are
• 11:35
  Speaker 1: classed as. So that would make the most sense, Georgia King,
• 11:39
  Speaker 1: So straight into it, Georgia, you are absolutely right. Employees
• 11:43
  Speaker 1: here in Australia are entitled to annual leaf or holiday leave.
• 11:46
  Speaker 1: We're typical full time employees working thirty eight hours a
• 11:49
  Speaker 1: week received four whole weeks off per year. Now that
• 11:53
  Speaker 1: is a pretty good outcome if you ask me for
• 11:55
  Speaker 1: OZZY employees when we look at the way other countries operate.
• 11:58
  Speaker 1: So to give you some caparison, Georgia, I was reading
• 12:00
  Speaker 1: this week. In China, for example, employees are entitled to
• 12:04
  Speaker 1: a minimum of five paid annual leave days and a
• 12:07
  Speaker 1: maximum of fifteen days, and that's for employees who've been
• 12:10
  Speaker 1: with the business for some time. In the USA, there
• 12:14
  Speaker 1: are no hard and fast laws at all about annual leave,
• 12:17
  Speaker 1: and it varies completely on the employer. But the average
• 12:20
  Speaker 1: US worker receives about ten days of paid annual leave
• 12:23
  Speaker 1: each and every single year, So by comparison, we have
• 12:26
  Speaker 1: a pretty sweet deal here. I would say part time
• 12:30
  Speaker 1: is also are entitled to four weeks of paid leave,
• 12:33
  Speaker 1: but it's paid on a pro rata basis, FYI, and
• 12:35
  Speaker 1: that's based on how many hours they work as a
• 12:37
  Speaker 1: part of their part time contract.
• 12:39
  Speaker 2: What does pro rata mean for anyone who doesn't know
• 12:41
  Speaker 2: what that means?
• 12:42
  Speaker 1: So pro rata Georgia means proportionate allocation, So it means
• 12:46
  Speaker 1: that I would say, if you've got a full time
• 12:49
  Speaker 1: job in that role, you get fifty grand a year,
• 12:52
  Speaker 1: but because you're only working three days a week, that
• 12:55
  Speaker 1: salary would be brought back down to thirty grand a year.
• 12:59
  Speaker 1: So it's yeah, it's equivalent to the amount of days
• 13:02
  Speaker 1: you work in that role, So it's kind of like
• 13:04
  Speaker 1: a percentage. If your job was outlined as being a
• 13:07
  Speaker 1: full time job, at sixty grand a year, but you
• 13:09
  Speaker 1: only worked fifty percent of that role. By two and
• 13:12
  Speaker 1: a half days a week, you'd get about thirty thousand
• 13:15
  Speaker 1: dollars as a salary. So pro rata means it's just
• 13:17
  Speaker 1: in line with the proportion of ours you work in
• 13:20
  Speaker 1: comparison to the role.
• 13:21
  Speaker 2: Yeah, requirements, that makes sense.
• 13:22
  Speaker 1: Does that make sense?
• 13:23
  Speaker 2: It does make sense.
• 13:24
  Speaker 1: Really should have found a proper definition, but that's okay,
• 13:26
  Speaker 1: I'll just make it up as we That was good,
• 13:27
  Speaker 1: makes sense, that works homey as your HR advisor loved it.
• 13:32
  Speaker 2: Casuals, what do they get in the way about it?
• 13:34
  Speaker 1: Casualists do not get any leave, but they do get
• 13:36
  Speaker 1: the benefit of a slightly more flexible working schedule, and
• 13:39
  Speaker 1: they often receive a higher hourly rate, which is called
• 13:42
  Speaker 1: casual loading, so that balances out the lack of benefits
• 13:45
  Speaker 1: that they receive. In saying that, there was a case
• 13:48
  Speaker 1: this year where it held that because the employee was
• 13:51
  Speaker 1: casual when working regular and systematic hours with quote the
• 13:55
  Speaker 1: predictable periods of working time, that they were actually being
• 13:58
  Speaker 1: titled to personally compassionately public holiday payments, which is kind
• 14:01
  Speaker 1: of cool. So basically, the court concluded that because Rosato
• 14:05
  Speaker 1: was a casual whose nature of work was absolutely identical
• 14:08
  Speaker 1: or similar to than he too should receive those benefits.
• 14:11
  Speaker 1: So if you're a quote long term casual, please do
• 14:15
  Speaker 1: make sure that you are receiving everything you are entitled to.
• 14:18
  Speaker 1: And I know that there are so many businesses that
• 14:21
  Speaker 1: do this when they should actually have employed people on
• 14:24
  Speaker 1: a full time basis. It happens a lot in retail
• 14:27
  Speaker 1: and you will see people hired as a casual, but
• 14:30
  Speaker 1: they're still working their thirty eight hours a week and
• 14:32
  Speaker 1: they've been employed by that company for the last four years,
• 14:35
  Speaker 1: which a little bit sticky, little bit different. I'm obviously
• 14:38
  Speaker 1: quite opinionated on this because I like people to have
• 14:40
  Speaker 1: equal rights, but definitely worthy of looking into. My friends.
• 14:44
  Speaker 2: Is that a conversation you could have with your employer.
• 14:46
  Speaker 1: It absolutely is, And I think it's more around understanding
• 14:50
  Speaker 1: your entitlements because you might actually be really happy with
• 14:53
  Speaker 1: that role. So I have a friend who is in
• 14:55
  Speaker 1: this exact situation and she does not want to change
• 14:58
  Speaker 1: her job at all, doesn't want a permanent contract because
• 15:02
  Speaker 1: she's getting a higher hourly rate, and she's very happy
• 15:05
  Speaker 1: to go without the leave entitlements because it doesn't worry
• 15:08
  Speaker 1: her at all for the additional savings. So it's more
• 15:11
  Speaker 1: about understanding what it means for you, not just arguing
• 15:14
  Speaker 1: the fact that you're not being treated equally, because, as
• 15:17
  Speaker 1: seen in that court case Georgia, when push comes to shove,
• 15:20
  Speaker 1: if you actually have proven that you're a full time employee,
• 15:23
  Speaker 1: you're probably going to get those better pets any.
• 15:25
  Speaker 2: Brand, and you still get paid tax and super in
• 15:28
  Speaker 2: a proper casual job as well. Jenny, Yes you do,
• 15:30
  Speaker 2: Yes you should cool, So just back on regular if
• 15:34
  Speaker 2: you like, and you'll leave for a second. That does
• 15:36
  Speaker 2: a crew, and it carries over from me to year, right.
• 15:38
  Speaker 1: Yes, I no, my friend, so, and you'll leave accumulates
• 15:40
  Speaker 1: over the year as well. So if you only take
• 15:42
  Speaker 1: like a couple of weeks at the start of the year,
• 15:45
  Speaker 1: you can use it in the later of the year,
• 15:46
  Speaker 1: or it's sometimes it's transferred to the next year. However,
• 15:49
  Speaker 1: most companies do really want you to take those four
• 15:51
  Speaker 1: weeks each year. Sometimes in your employment contract you'll find
• 15:55
  Speaker 1: that it actually doesn't roll over in your force to
• 15:58
  Speaker 1: take it, which is called forced leave, which is absolutely
• 16:00
  Speaker 1: fine and quite normal. Just read your contracts to understand
• 16:04
  Speaker 1: what you are and aren't entitled with. But essentially companies
• 16:07
  Speaker 1: don't love the idea of you banking, you know, eight
• 16:10
  Speaker 1: to twelve weeks, going to Europe, being paid for it
• 16:13
  Speaker 1: and then not having an employee for two to three months.
• 16:16
  Speaker 1: So it's a risk on both sides, if that makes sense.
• 16:20
  Speaker 1: We then Georgia on top of that, have sick and
• 16:23
  Speaker 1: care as leave. So this is something that I do
• 16:25
  Speaker 1: not see enough people taking. And I'm not saying everybody
• 16:28
  Speaker 1: take you sick leave, everybody take your care as leave,
• 16:30
  Speaker 1: but carers leave, I believe is probably the most underrated
• 16:33
  Speaker 1: leave in Australia and you should be taking it when
• 16:36
  Speaker 1: you need to take it. If you've got a sick
• 16:38
  Speaker 1: parent that needs to be taken to doctors appointments. That
• 16:41
  Speaker 1: is what your cares leave is for my friends. You
• 16:44
  Speaker 1: don't have to use your annual leave for that. You'll
• 16:46
  Speaker 1: receive a total of ten days sick leave per year
• 16:48
  Speaker 1: as a full time person and obviously pro rata as
• 16:51
  Speaker 1: a part timer, which can be calculated as one out
• 16:54
  Speaker 1: of twenty six of an employee's ordinary working hours in
• 16:57
  Speaker 1: a year. So for a full timer working about thirty
• 17:00
  Speaker 1: eight hours a week, you multiply that by fifty two
• 17:02
  Speaker 1: weeks a year, which comes to a total Georgia of
• 17:04
  Speaker 1: one nine hundred and seventy six. Did the maths before,
• 17:08
  Speaker 1: of course, then you divide that by a total of
• 17:10
  Speaker 1: twenty six, which gives you a total of seventy six
• 17:12
  Speaker 1: hours of paid slash cares leave annually. You do the
• 17:15
  Speaker 1: same maths for part timers obviously, and just adjust the
• 17:18
  Speaker 1: hour figure to work out how much you are actually owed.
• 17:21
  Speaker 1: Love that Mascal, come at me. But sick leave Georgia
• 17:26
  Speaker 1: is also cumulative, so if you only use two days
• 17:29
  Speaker 1: of your ten INNY year, those extra days actually get
• 17:32
  Speaker 1: transferred over to the next year. However, when you leave
• 17:35
  Speaker 1: the organization, unlike an You'll leave, those hours don't actually
• 17:40
  Speaker 1: get paid out. Mental health days, my friends, also fall
• 17:44
  Speaker 1: into the sick leave category as well, which I think
• 17:46
  Speaker 1: is an incredibly important development over the last few years,
• 17:50
  Speaker 1: and it does feel like there's a greater understanding of
• 17:52
  Speaker 1: the importance of mental health and having laws in place
• 17:54
  Speaker 1: that actually support employees to take those days when they
• 17:56
  Speaker 1: really need them, and I think that's incredibly important and
• 17:59
  Speaker 1: you can need, like again back on my high horses,
• 18:02
  Speaker 1: like be kinder to yourself, but genuinely be kinder to yourself.
• 18:06
  Speaker 1: Sometimes actually, just taking a mental health day is going
• 18:09
  Speaker 1: to make you so much more productive for the rest
• 18:11
  Speaker 1: of the month.
• 18:11
  Speaker 2: That's so true. It can make the world of difference
• 18:14
  Speaker 2: just having that day to recharge.
• 18:15
  Speaker 1: And one hundred percent, you don't just have to have
• 18:18
  Speaker 1: a flu to take a day off work. Like sometimes
• 18:20
  Speaker 1: you're just like mental load is just maxed out. You
• 18:23
  Speaker 1: can't function, You're really anxious. You need to just take
• 18:25
  Speaker 1: a day off work, be at home, literally cuddle your
• 18:28
  Speaker 1: cat and have a cup of tea. And I know
• 18:31
  Speaker 1: that that's not what employers are going to want to
• 18:33
  Speaker 1: hear from me, But if you're an employee, know that
• 18:35
  Speaker 1: you are entitled to that and if you need it,
• 18:38
  Speaker 1: you should be taking.
• 18:39
  Speaker 2: It, and your employer probably would prefer you take that
• 18:41
  Speaker 2: so that you can come to work and be the
• 18:43
  Speaker 2: best version of you anyway.
• 18:44
  Speaker 1: Right, one hundred percent. And I think it's really important
• 18:47
  Speaker 1: to understand that if you do take a mental health day,
• 18:50
  Speaker 1: you don't have any obligation to explain that to your employer.
• 18:53
  Speaker 1: So some people say, oh, but if I need to
• 18:56
  Speaker 1: take a mental health day, it's like that is not
• 18:58
  Speaker 1: something that your employers even ask about if they do,
• 19:02
  Speaker 1: it's none of their business.
• 19:04
  Speaker 2: My friends, do you need this is off topic slightly,
• 19:07
  Speaker 2: but when I can't remember because I haven't worked in
• 19:09
  Speaker 2: a proper corporate job in a while, But do you
• 19:12
  Speaker 2: need like a doctor's slit a medical certificate to have
• 19:16
  Speaker 2: sick days?
• 19:17
  Speaker 1: So it will be in your employment contract as to
• 19:20
  Speaker 1: what your employer expects. Often employers expect you to do
• 19:25
  Speaker 1: it if you have more than one day off. So
• 19:26
  Speaker 1: if you just have one day, they're kind of like, yeah, okay,
• 19:29
  Speaker 1: no problems. I'm sure that they will have a chat
• 19:31
  Speaker 1: with you if you've taken like eight sick days at
• 19:34
  Speaker 1: the start of the year and they're going, hey, Georgia King,
• 19:38
  Speaker 1: Yeah look, I'm not gonna lie. I have had that happen, really, yes, absolutely,
• 19:43
  Speaker 1: And I have seen Instagram stories of people at the
• 19:46
  Speaker 1: beach when they said they're in bed with the flu.
• 19:49
  Speaker 1: That's historically it wasn't my employees, thankfully, it was in
• 19:52
  Speaker 1: another job, and I just felt like maybe they were
• 19:55
  Speaker 1: just a bit ballsy.
• 19:56
  Speaker 2: Yeah.
• 19:57
  Speaker 1: If I'm honest, I wouldn't have the guts to do that.
• 19:59
  Speaker 1: Like if I'd taken a sick day from work, I'd
• 20:01
  Speaker 1: probably be hiding out. Maybe if I had taken a
• 20:04
  Speaker 1: sick day to go to the beach. Yeah, yeah, I wish
• 20:05
  Speaker 1: I've never done.
• 20:06
  Speaker 2: Honestly, hey, you could do it now that you're you know,
• 20:09
  Speaker 2: the boss.
• 20:09
  Speaker 1: Look I do. But I was also that goodie two
• 20:12
  Speaker 1: shoes that never skipped out on school.
• 20:13
  Speaker 2: Yeah.
• 20:14
  Speaker 3: Same?
• 20:14
  Speaker 2: So was I interesting?
• 20:15
  Speaker 1: Yeah? Like I didn't. I just feel really bad and
• 20:17
  Speaker 1: I've never actually used my sick leave. That is not
• 20:20
  Speaker 1: a brag.
• 20:20
  Speaker 2: No, that's the thing. And I'm the same, and we shouldn't.
• 20:24
  Speaker 2: That's not something we should.
• 20:25
  Speaker 1: Be proud of. No, absolutely, you shouldn't like.
• 20:27
  Speaker 2: But why is that, Like that seems to be a
• 20:29
  Speaker 2: young millennial thing that you do feel guilty for taking
• 20:32
  Speaker 2: those sick days.
• 20:33
  Speaker 1: They're guilt take exactly. They're there for you to take,
• 20:36
  Speaker 1: and I wouldn't like. I think it's in interesting mentality Georgia,
• 20:40
  Speaker 1: because you end up in this situation where you're like, oh, well,
• 20:42
  Speaker 1: I'm entitled to it, And then on the flip side,
• 20:44
  Speaker 1: everyone says that as millennials we're super entitled, Like, get,
• 20:48
  Speaker 1: we're entitled to it. But I think it's just using
• 20:50
  Speaker 1: things within reason, like if you need the day, fantastic
• 20:53
  Speaker 1: take it, but don't see your sick leave as something
• 20:55
  Speaker 1: that you're quote gonna lose if you don't use it.
• 20:58
  Speaker 1: Like I find that to be good of gross when
• 21:00
  Speaker 1: people were like, oh, I've got so many sick cowboys,
• 21:03
  Speaker 1: I'm just going to take a sick day, and I'm
• 21:05
  Speaker 1: just like wow, Like that's not That's not the work
• 21:08
  Speaker 1: ethic that I would love in my mind.
• 21:09
  Speaker 2: It's like a poor character train. Yeah.
• 21:14
  Speaker 1: I don't rate that at all. But let's move.
• 21:16
  Speaker 2: What do you reckon your preferences from us? Okay, yeah,
• 21:19
  Speaker 2: so I wanted to move again a little side step
• 21:22
  Speaker 2: to talk about maternity and paternity leave. Where does that standard?
• 21:26
  Speaker 2: I wanted to shut you down, shut me down. You've
• 21:28
  Speaker 2: done it before on the product.
• 21:29
  Speaker 1: Yeah, look, I'm really sorry. Like that is well, that
• 21:32
  Speaker 1: is a fantastic topic. Like parental leave is massive, But
• 21:36
  Speaker 1: I haven't told you yet that we're going to do
• 21:37
  Speaker 1: an entire podcast on it very soon because okay, surprise
• 21:41
  Speaker 1: for you because we need to write. But for me,
• 21:45
  Speaker 1: maternity and paternity leave is a massive thing. That isn't
• 21:48
  Speaker 1: just what is government mandated slash, what's in your employment contract.
• 21:52
  Speaker 1: It's actually about the planning and working out. You know
• 21:54
  Speaker 1: how much does baby cost? So I'm going to cover
• 21:57
  Speaker 1: that in an episode that's coming to your very shortly,
• 22:00
  Speaker 1: Georgia that you didn't know about. Sorry, cool, can't wait,
• 22:03
  Speaker 1: but we'll put that one on us. But yes, maternity
• 22:06
  Speaker 1: and paternity leave really important.
• 22:07
  Speaker 2: Is that going to be a twenty twenty podcast topic
• 22:09
  Speaker 2: to you? Recond?
• 22:10
  Speaker 1: Probably? Watch out friends, watch out?
• 22:12
  Speaker 2: Yeah, stay tuned for that one. Okay, Well, then are
• 22:15
  Speaker 2: there any other forms of leave that I've missed.
• 22:17
  Speaker 1: We've got long service leave, so you'll receive around a
• 22:20
  Speaker 1: couple of months of paid leave when you've been working
• 22:22
  Speaker 1: for a company of a minimum of seven years. That's
• 22:24
  Speaker 1: recently changed from ten Georgia, which is kind of cool,
• 22:27
  Speaker 1: and employees would then couple that with their usual four
• 22:30
  Speaker 1: weeks of manual leave, But the amount does differ depending
• 22:32
  Speaker 1: on the state and territory, so you do need to
• 22:34
  Speaker 1: look into that because it's literally different everywhere. Then you've
• 22:37
  Speaker 1: got compassionate leaf, which is different to care is leave,
• 22:40
  Speaker 1: So this is two full days of paid leave for
• 22:43
  Speaker 1: permanent staffers, unpaid for casuals. But you can still take
• 22:46
  Speaker 1: it for when an employee's close family member passes away
• 22:49
  Speaker 1: or is struck by a sudden injury or illness, or
• 22:52
  Speaker 1: they kind of just need to be there. Like I
• 22:55
  Speaker 1: have had friends take compassionate leave for pets, and I
• 22:58
  Speaker 1: think that that is so yeah, absolutely, because for most people,
• 23:02
  Speaker 1: they become a part of the family and it's just
• 23:04
  Speaker 1: as bad as her family member passing away. So I
• 23:07
  Speaker 1: think that that's me giving you permission to be as
• 23:10
  Speaker 1: crazy a cat lady as I am. Moving into other
• 23:13
  Speaker 1: types of leave, there is community service leaf, which I
• 23:16
  Speaker 1: think is so cool. You get unpaid leave for voluntary
• 23:19
  Speaker 1: emergency activities, which is kind of cool, and you also
• 23:23
  Speaker 1: get up to ten days of paid leaf for jury service.
• 23:26
  Speaker 1: After ten days, it's unpaid.
• 23:27
  Speaker 2: Have you ever been on a jury yes?
• 23:29
  Speaker 1: No? No, yes, no. I I was actually booted. No,
• 23:33
  Speaker 1: it's not a secret. I was booted from the jury. Wow,
• 23:37
  Speaker 1: I know. So I went to jury duty. This is
• 23:39
  Speaker 1: probably like two years ago, and I probably could have
• 23:42
  Speaker 1: gotten out of it because I run a business and
• 23:45
  Speaker 1: was arguably quite busy, but I actually just felt like
• 23:48
  Speaker 1: it would be a really good experience. Went through it all,
• 23:50
  Speaker 1: got to the part where they're like walking us into
• 23:53
  Speaker 1: the Supreme Court, and then the lawyers kicked me off.
• 23:56
  Speaker 2: They just like, I think the murderer.
• 23:58
  Speaker 1: No, we didn't even get the full brief on what
• 24:01
  Speaker 1: the story was they would like Apparently they're allowed to
• 24:04
  Speaker 1: just like pick and choose through the juries. I'm sure
• 24:06
  Speaker 1: they can't do that a million times. But they looked
• 24:08
  Speaker 1: at me and thought that maybe I wasn't the right fear.
• 24:11
  Speaker 2: Interesting depending on the crime.
• 24:13
  Speaker 1: Yeah, interesting, I got booted anyway. My partner sidestep on
• 24:17
  Speaker 1: jury duty. Guess who got served last week with jury duty?
• 24:20
  Speaker 1: Noted Stevie Boy. Stevie Boy. Yep, he is not looking
• 24:24
  Speaker 1: for it to it.
• 24:25
  Speaker 2: Ah, there you go.
• 24:26
  Speaker 1: Yeah, so you'll keep you updating on Steve's jury duty excite.
• 24:29
  Speaker 1: Obviously that would not be potent. Yeah. I don't even
• 24:32
  Speaker 1: know if we're allowed to talk about the podcast. Next
• 24:35
  Speaker 1: leave Okay, so next type of leave is obviously public
• 24:40
  Speaker 1: holiday leave. Perman employees get a paid date off, which
• 24:43
  Speaker 1: is important to understand because some companies, actually I have heard,
• 24:47
  Speaker 1: make you work public holidays so without any benefits, without
• 24:51
  Speaker 1: any benefits. So do check your employment contract again. I'm
• 24:56
  Speaker 1: going to fall back on this a lot here, because
• 24:58
  Speaker 1: in an employment contrac between you and your employer, there
• 25:01
  Speaker 1: could be different things that apply to you, that are
• 25:04
  Speaker 1: mandated by law.
• 25:05
  Speaker 2: Yes, you might get like a day in the lou
• 25:06
  Speaker 2: or something like that.
• 25:07
  Speaker 1: Yeah, exactly, So I think it's important to understand that.
• 25:10
  Speaker 1: And then the last type of leave that I want
• 25:12
  Speaker 1: to talk about is family and domestic violence leave, which
• 25:14
  Speaker 1: is so important to talk about. It's where an employee
• 25:17
  Speaker 1: would receive five days of unpaid for full time and
• 25:20
  Speaker 1: part time and casual employees for instance of domestic violence.
• 25:24
  Speaker 2: So that's for every kind of that's for.
• 25:26
  Speaker 1: Every kind of employment, and I think it's really important
• 25:29
  Speaker 1: to understand that that exists. And it's not because you know,
• 25:32
  Speaker 1: I'm expecting that you might use it. It's because you
• 25:35
  Speaker 1: might know someone who might need to use it and
• 25:36
  Speaker 1: be educated on it. And the more we know, my friends,
• 25:39
  Speaker 1: the more we can help others. Yeah.
• 25:41
  Speaker 2: Wow, there's so many different kinds of leave in Australia.
• 25:44
  Speaker 1: Yeah, there absolutely are, and that's why it gets so overwhelming,
• 25:47
  Speaker 1: and that's why I thought, let's do an entire podcast
• 25:49
  Speaker 1: on them.
• 25:49
  Speaker 2: Yeah, I think this will be a long one. You
• 25:52
  Speaker 2: did touch on it earlier, V. But what happens to
• 25:54
  Speaker 2: your leave if you are a full timer and you're
• 25:56
  Speaker 2: leaving that company? But you have like three weeks left
• 25:59
  Speaker 2: in leave. Does that get paid out?
• 26:01
  Speaker 1: Yes, my friend, it does. And this is where it
• 26:03
  Speaker 1: gets really confusing because people don't understand their rights. And
• 26:06
  Speaker 1: that's why I wanted to talk about leave specifically. But
• 26:09
  Speaker 1: when you leave a company, your employer is legally obligated,
• 26:13
  Speaker 1: my friends, to pay out all of your remaining annual
• 26:16
  Speaker 1: leave as a part of your final pay. So this
• 26:18
  Speaker 1: is the same for any annual leave loadings. It will
• 26:21
  Speaker 1: need to be paid out. For anyone who doesn't know
• 26:24
  Speaker 1: what that means. Leave loadings means some employees will be
• 26:27
  Speaker 1: paid an additional seventeen point five percent of their income
• 26:30
  Speaker 1: when they go on annual leave on top of their
• 26:32
  Speaker 1: regular pay. Cool right like bonus for going on holiday,
• 26:37
  Speaker 1: which is a feature of most modern awards. So again,
• 26:40
  Speaker 1: you need to understand your personal circumstance to be able
• 26:42
  Speaker 1: to understand this. It's not available for everyone, though, and
• 26:45
  Speaker 1: whether you receive it or not is entirely dependent on
• 26:47
  Speaker 1: your award rate, enterprise agreement, or your employment contract. So
• 26:51
  Speaker 1: check it. My friend's side note, Georgia King, it might
• 26:53
  Speaker 1: sound a little bit randed, but leave loading actually started
• 26:56
  Speaker 1: because of the labor movement. Into the nineteen seventies to
• 26:59
  Speaker 1: compensate those employees who were working in industries we're taking
• 27:02
  Speaker 1: leave would actually mean they missed out on opportunity to
• 27:04
  Speaker 1: work overtime hours and earn extra income by doing so.
• 27:07
  Speaker 1: So that's kind of cool, isn't it fun?
• 27:09
  Speaker 2: Fact fine stage, thanks for thanks you for working in Yeah,
• 27:12
  Speaker 2: I never knew that was a thing. In terms of
• 27:14
  Speaker 2: annual leave. Once again, I seem to be quite tired
• 27:17
  Speaker 2: to annually, I guess it's the main, the main.
• 27:20
  Speaker 1: We probably should be talking about plants as well, which
• 27:22
  Speaker 1: I adore.
• 27:23
  Speaker 2: Yeah, hey, who doesn't can workplaces reject your requests for leave?
• 27:29
  Speaker 2: I know again when I worked in a big corporation,
• 27:32
  Speaker 2: like everyone wanted to go away in summer, so we
• 27:34
  Speaker 2: all put in for like two weeks in July and
• 27:36
  Speaker 2: they were like, no, no, you can't do that because
• 27:39
  Speaker 2: then we don't have a marketing team. What's the go
• 27:41
  Speaker 2: with that?
• 27:41
  Speaker 3: Is?
• 27:41
  Speaker 2: That? Is that allowed?
• 27:42
  Speaker 1: You do know that summer in Australia is not July,
• 27:46
  Speaker 1: you mean European summer problems, So title yeah cool. Also,
• 27:51
  Speaker 1: I just really wanted to point that out because I
• 27:53
  Speaker 1: knew what you meant. So yes, it does need to
• 27:56
  Speaker 1: be agreed upon between you and your employer. You can't
• 27:58
  Speaker 1: just demand to take time off whenever you want. Usually, yeah, sorry,
• 28:03
  Speaker 1: Usually there is going to be part of your contract
• 28:06
  Speaker 1: when you start working at a new company that outlines
• 28:08
  Speaker 1: their protocols when it does come to leave. But the
• 28:11
  Speaker 1: Fair Work Act, which Georgia, you actually should be given
• 28:15
  Speaker 1: a hard copy of when you start any new job,
• 28:18
  Speaker 1: says that an employer must not unreasonably refuse to agree
• 28:22
  Speaker 1: to a request by the employee to take their paid
• 28:25
  Speaker 1: and you leave. It just needs to work for both
• 28:28
  Speaker 1: parties so that the whole team isn't off at the
• 28:30
  Speaker 1: same time, or that some employees don't miss crucial moments
• 28:33
  Speaker 1: in their company's calendar if they're in an industry where
• 28:36
  Speaker 1: certain times of the year are really important. And this
• 28:38
  Speaker 1: does happen for me, Georgia. So I obviously don't have
• 28:42
  Speaker 1: accounting as a part of my business anymore. But when
• 28:44
  Speaker 1: I did, you best believe that June thirty and a
• 28:48
  Speaker 1: financial year, was massive. Therefore, we had in our employment
• 28:52
  Speaker 1: contracts at that point what we called a blackout period,
• 28:56
  Speaker 1: because we were so busy that we genuinely as a
• 28:59
  Speaker 1: business could not afford for people to take time off
• 29:02
  Speaker 1: in July August, and so we don't have that anymore
• 29:05
  Speaker 1: because I don't have any more accounts on my team.
• 29:07
  Speaker 1: But it's something that you know understand what your contract
• 29:11
  Speaker 1: is before signing it, because you're going to look like
• 29:14
  Speaker 1: a silly billy if you go and ask your employer
• 29:16
  Speaker 1: for leave during July. If they've got a blackout in
• 29:19
  Speaker 1: your contract, you're essentially saying you never read it.
• 29:21
  Speaker 2: Yeah, can you contest lines in your contract?
• 29:25
  Speaker 1: You can absolutely go back. So I think something that's
• 29:27
  Speaker 1: really important is when a contracts put in front of you,
• 29:30
  Speaker 1: it's an agreement by both people, and whilst most employers
• 29:34
  Speaker 1: are not that flexible on their contracts, it's absolutely worthy
• 29:38
  Speaker 1: of a conversation or a negotiation if something doesn't actually
• 29:41
  Speaker 1: work for you. So I'm not saying go back and
• 29:43
  Speaker 1: be like I don't like the salary, you need to
• 29:46
  Speaker 1: pay me double or a well, I don't want to
• 29:48
  Speaker 1: work thirty eight hours, I want to work three for
• 29:50
  Speaker 1: that entire salary. But if there's something in it that
• 29:54
  Speaker 1: you want to flag or chat about, you are well
• 29:57
  Speaker 1: within your rights to have those things changed. Really good
• 30:00
  Speaker 1: example of that is actually when you start a new job. Right,
• 30:04
  Speaker 1: Let's use you as an example, Georgia. You might go
• 30:06
  Speaker 1: and start a full time job with someone and they
• 30:08
  Speaker 1: might have a non compete, so therefore you might not
• 30:11
  Speaker 1: be able to do another job while working for them.
• 30:14
  Speaker 1: Therefore you couldn't hang out with me and do the podcast. Right,
• 30:16
  Speaker 1: So you have to really understand what that contract means,
• 30:20
  Speaker 1: because you might shoot yourself in the foot and end
• 30:22
  Speaker 1: up not being able to do something that you really
• 30:24
  Speaker 1: wanted to when if you're just negotiated in the first place,
• 30:27
  Speaker 1: it would have been fun.
• 30:28
  Speaker 2: Yeah, yeap. And those contracts shouldn't be too complicated if
• 30:30
  Speaker 2: they're they're for the layman like.
• 30:32
  Speaker 1: Yeah, but they are written quite simply. They do look
• 30:36
  Speaker 1: like intimidating contracts because they are black and white and
• 30:39
  Speaker 1: long and boring. But at the end of the day,
• 30:41
  Speaker 1: it should have different areas, and you know that's what
• 30:44
  Speaker 1: the She's on the money community is force post your queries,
• 30:47
  Speaker 1: my little friends.
• 30:47
  Speaker 2: You're right will approve them now. But I also wanted
• 30:50
  Speaker 2: to ask you about companies determining when you can take
• 30:53
  Speaker 2: your leave, which is kind of what we just touched on.
• 30:55
  Speaker 2: But I know again, when I worked in that corporation,
• 30:58
  Speaker 2: they mandated a two week shutdown over the Christmas period,
• 31:02
  Speaker 2: so that's allowed.
• 31:03
  Speaker 1: Yeah, So under the farewere active two thousand and nine,
• 31:06
  Speaker 1: any employer can make their employees take annual leave for
• 31:09
  Speaker 1: a period of any shutdown over Christmas. So the act
• 31:12
  Speaker 1: does make it pretty clear that employees must have the
• 31:15
  Speaker 1: leave accumulated, So if your boss has been asking you
• 31:17
  Speaker 1: to take unpaid leave, they do actually require your consent
• 31:20
  Speaker 1: to do that. Sometimes employees actually allow their employees paid
• 31:24
  Speaker 1: leave before they've actually accrued it as well, so they
• 31:26
  Speaker 1: kind of like bank it and get it in advance
• 31:29
  Speaker 1: so you're not out of pocket, and then the employer
• 31:31
  Speaker 1: won't be allowed any additional leave until they're accrued enough
• 31:34
  Speaker 1: to kind of like pay back what they're owed, if
• 31:36
  Speaker 1: that makes sense, which I think is kind of cool
• 31:38
  Speaker 1: because it means that the business can still function. But
• 31:40
  Speaker 1: if you don't have any leave and it's a forced
• 31:42
  Speaker 1: leave period, you're not, you know, financially stuck.
• 31:45
  Speaker 2: Yeah, yeah, perfect. Let's talk about freelancers. I know, obviously
• 31:49
  Speaker 2: we have a lot of side hustlers in our community
• 31:52
  Speaker 2: who will be wondering if they should be receiving any
• 31:55
  Speaker 2: of these perks.
• 31:56
  Speaker 1: What's the go this is a little bit of us
• 31:58
  Speaker 1: sticky one. It's a little bit interesting, and I know
• 32:00
  Speaker 1: that we have so many freelancing kings and queens in
• 32:03
  Speaker 1: our community, so I hope your ears are pricking up
• 32:05
  Speaker 1: at this question, but sorry. Short answer is no, you
• 32:08
  Speaker 1: don't actually receive any of those perks that come with
• 32:11
  Speaker 1: working in a company. When you're a freelancer, you're essentially
• 32:14
  Speaker 1: your own little company. So you invoice the business you
• 32:16
  Speaker 1: are working for, and then it's up to you how
• 32:19
  Speaker 1: to pay yourself super and pay your taxes and give
• 32:21
  Speaker 1: yourself leave. And it is super important when working out
• 32:24
  Speaker 1: what your rates are as a freelancer that you actually
• 32:27
  Speaker 1: take that into consideration. So it's important that you actually
• 32:30
  Speaker 1: build that into your fee, be that hourly rates or
• 32:32
  Speaker 1: projects rates, et cetera, et cetera are But obviously a
• 32:35
  Speaker 1: perk of being a freelancer is that you actually get
• 32:37
  Speaker 1: at a germine the hours that you do work and
• 32:39
  Speaker 1: where you work them and who you work them for.
• 32:41
  Speaker 1: But it does mean a little more, though, and a
• 32:43
  Speaker 1: little bit of bookkeeping is going to go a long way.
• 32:46
  Speaker 1: I promise you to make sure that you are actually
• 32:48
  Speaker 1: making enough to make being a freelancer justifiable.
• 32:51
  Speaker 2: Any hot tips for freelancers out there that are just like,
• 32:54
  Speaker 2: I want to make money, but I don't know how.
• 32:56
  Speaker 2: Like from Vicky Day herself, in terms of running a
• 32:59
  Speaker 2: small bit business of one.
• 33:01
  Speaker 1: Confidence is key my friends. Absolutely embrace confidence and remember
• 33:05
  Speaker 1: that you have a lot of skills to bring to
• 33:07
  Speaker 1: the table and that there is always someone that is
• 33:11
  Speaker 1: going to need those skills. So I think it's about
• 33:13
  Speaker 1: working out what you're good at, and I don't know,
• 33:15
  Speaker 1: I think there's something about understanding that you don't have
• 33:18
  Speaker 1: to have the biggest business in the world for it
• 33:20
  Speaker 1: to be a productive business that contributes to you having
• 33:22
  Speaker 1: a better lifestyle. So many people talk to me, they're like,
• 33:25
  Speaker 1: oh my gosh, Victoria, I don't have enough to invest,
• 33:28
  Speaker 1: And it's like, well, I get that. You know, lots
• 33:31
  Speaker 1: of us are under financial pressure. But if you are
• 33:33
  Speaker 1: so desperate to invest and you're so excited about it,
• 33:36
  Speaker 1: you're going to find a way to make five hundred
• 33:39
  Speaker 1: dollars extra a month in income so that you can
• 33:41
  Speaker 1: do something that's super in line with your goals and values.
• 33:44
  Speaker 1: If that means taking on more hours at work or
• 33:47
  Speaker 1: doing flat pack ikea construction or pet sitting or you know,
• 33:51
  Speaker 1: doing even small jobs or surveys online like heaps of
• 33:54
  Speaker 1: our community are side hustlers and I love them for it.
• 33:58
  Speaker 2: I thought you'd also add in their V the classic
• 34:00
  Speaker 2: Victoria Devine slogan fake rich, real poor Later no one sorry,
• 34:06
  Speaker 2: wildly passionate. No, not that one either, God, what is it?
• 34:09
  Speaker 2: I've lost it?
• 34:10
  Speaker 1: Know your worth?
• 34:11
  Speaker 2: And then ad tacks.
• 34:13
  Speaker 1: I do like that. I thought that was pretty good.
• 34:16
  Speaker 1: That's been flying around the internet for some years now.
• 34:18
  Speaker 1: I actually thought you were going to say bougie because
• 34:20
  Speaker 1: I say that a lot.
• 34:21
  Speaker 2: You've got a lot of catchphrases. I'm sorry, I feel
• 34:26
  Speaker 2: like we are, but we're podcaster, so we get called
• 34:28
  Speaker 2: out for it. You're right, all right, guys, Okay, Well,
• 34:32
  Speaker 2: there's been a lot to take in this episode. We've
• 34:34
  Speaker 2: spoken about a lot of numbers, a lot of different
• 34:36
  Speaker 2: types of leads. So hopefully you guys are taking notes.
• 34:38
  Speaker 2: You can go back listen again. We will definitely respect
• 34:41
  Speaker 2: that decision. But V, was there anything else you wanted
• 34:44
  Speaker 2: to add before we scoot across to today's listener question? Yeah.
• 34:47
  Speaker 1: Absolutely. I'd like to apologize to all the people that
• 34:49
  Speaker 1: thought that when we were talking about leaves. We're going
• 34:51
  Speaker 1: to talk about plants. I too love plants, and for
• 34:54
  Speaker 1: those fellow plant lovers out there, I have recently become
• 34:56
  Speaker 1: the parent of a thaie consolation monster. So if you
• 35:00
  Speaker 1: know what I'm talking about, you know what I'm talking
• 35:02
  Speaker 1: I don't know what you're talking about. But no, plants
• 35:04
  Speaker 1: are expensive, so maybe that could be a topic. No,
• 35:07
  Speaker 1: we're not. We're not having a plant like it would
• 35:09
  Speaker 1: be my dream come true. But like as the proud
• 35:11
  Speaker 1: parent of a tie consolation monsterra I have absolutely no intention. No,
• 35:16
  Speaker 1: I have no intention of sharing how much I paid
• 35:18
  Speaker 1: for that leaf, all right. But the other thing I
• 35:20
  Speaker 1: wanted to add to just like round out the whole chat,
• 35:23
  Speaker 1: was that obviously COVID has thrown so many of our
• 35:26
  Speaker 1: employment statuses out of whack, and some of us who
• 35:29
  Speaker 1: were formally full time and our part time and some
• 35:31
  Speaker 1: have taken pay cuts, and some of you have lost
• 35:33
  Speaker 1: your jobs completely. So if you want to know more
• 35:35
  Speaker 1: about your rights and more about the laws when it
• 35:38
  Speaker 1: does come to COVID and the workplace, I really really
• 35:40
  Speaker 1: encourage you to go and have a bit of a
• 35:42
  Speaker 1: read of the Australian Government's Fair Work website, which We
• 35:45
  Speaker 1: are going to link in the show notes as it
• 35:47
  Speaker 1: is super useful and super easy to understand.
• 35:50
  Speaker 2: Beautiful listener question time.
• 35:52
  Speaker 4: I work full time, and this year our team was
• 35:55
  Speaker 4: reduced by about sixty percent, yet we're still managing the
• 35:58
  Speaker 4: same workload. Obviously, I'm grateful to be employed, and I
• 36:01
  Speaker 4: know I'm in a very privileged position, but I feel
• 36:03
  Speaker 4: burnt out. I need a break. The problem is my
• 36:06
  Speaker 4: boss is extremely highly strung and is hard to approach
• 36:09
  Speaker 4: about these kind of things. She's under a lot of pressure,
• 36:11
  Speaker 4: I know, and she has said no to some of
• 36:13
  Speaker 4: my colleagues's requests for leave recently because we've been so busy.
• 36:17
  Speaker 4: My question is how do I approach this. I know
• 36:19
  Speaker 4: I deserve a break, but I also know how lucky
• 36:21
  Speaker 4: I am to have a job, and I don't want
• 36:23
  Speaker 4: to get in a bad books for asking for time off.
• 36:25
  Speaker 2: Thanks for your help, Oh fee horrible bosses, Where on
• 36:30
  Speaker 2: earth does this listener start?
• 36:32
  Speaker 1: Look? That seems arguably more dramatic than I had expected
• 36:35
  Speaker 1: you to feel after listening to that. But I think
• 36:37
  Speaker 1: it's a massive issue, right Like this is going to
• 36:40
  Speaker 1: be something that so many of us have gone through.
• 36:43
  Speaker 1: I'm assuming because so many people have been cut during COVID,
• 36:47
  Speaker 1: therefore the workload has been put on others. But I
• 36:50
  Speaker 1: think my advice here is literally take leave if you
• 36:53
  Speaker 1: need leave. Burnout is arguably going to be even worse
• 36:58
  Speaker 1: than you taking a mental health day, which is exactly
• 37:00
  Speaker 1: what it sounds like. You need. You need a mental
• 37:02
  Speaker 1: health day, you need a few mental health days. I
• 37:04
  Speaker 1: think that you need to just ask, and if your
• 37:07
  Speaker 1: boss is highly strung, as she explained, I think it
• 37:10
  Speaker 1: would be just around talking about how busy you've been lately,
• 37:14
  Speaker 1: what you've been contributing, and the fact that you want
• 37:16
  Speaker 1: to continue to contribute, and just reminding them of that.
• 37:20
  Speaker 1: Albeit you should never have to do that. Like, as
• 37:22
  Speaker 1: someone who does employ people, I would be horrified if
• 37:25
  Speaker 1: someone had to come to me and say, hey, Victoria,
• 37:28
  Speaker 1: I need to take leave for all of these reasons
• 37:30
  Speaker 1: and really justify it. And Georgie, you would know. I'm
• 37:33
  Speaker 1: the first person that is like a cool you need
• 37:35
  Speaker 1: some time off, no problems, take it like, I don't
• 37:37
  Speaker 1: even ask because it is literally not my business. But
• 37:41
  Speaker 1: not all bosses are like that, So I think it's
• 37:43
  Speaker 1: really important that if you do need to ask for leave,
• 37:46
  Speaker 1: maybe frame it so that you're stroking your boss's ego
• 37:48
  Speaker 1: at the same time, even though you shouldn't have to
• 37:50
  Speaker 1: do that. Likes that really bad advice. No, I don't
• 37:52
  Speaker 1: know through all advice. I think it's just more around
• 37:54
  Speaker 1: just saying you need to take some time off because
• 37:56
  Speaker 1: you feel like you're approaching burnout and you really want
• 37:58
  Speaker 1: to still be able to contribute and you know, hold
• 38:01
  Speaker 1: the team up, et cetera. So I do feel like
• 38:03
  Speaker 1: this is terrible advice for me, But I also know
• 38:06
  Speaker 1: that sometimes there's no real diplomatic way around it, like
• 38:09
  Speaker 1: some people just have bosses that are really hard to
• 38:12
  Speaker 1: deal with. I'd argue that maybe you need to reconsider
• 38:15
  Speaker 1: who you work for what you do, but that's probably
• 38:18
  Speaker 1: a conversation for another day.
• 38:20
  Speaker 2: Yeah. So she said that her boss rejected a couple
• 38:23
  Speaker 2: of her colleagues requests for leave, But I feel like
• 38:26
  Speaker 2: that sounds dodgy like surely. I mean, depending on where
• 38:28
  Speaker 2: she works, hopefully there would be an HR department that
• 38:31
  Speaker 2: she could go to. If she does have that conversation
• 38:33
  Speaker 2: and it doesn't go well, or if there is no
• 38:35
  Speaker 2: HR department, then perhaps the fair Work and Budsman could
• 38:39
  Speaker 2: provide answers. I don't know what does she do there for?
• 38:42
  Speaker 3: Yeah?
• 38:42
  Speaker 1: Absolutely, And I think that that's where you really need
• 38:44
  Speaker 1: to understand your rights and even just ask your boss
• 38:48
  Speaker 1: why they've been rejected. If you are really busy and
• 38:51
  Speaker 1: your colleague has said, ah, I really want to go
• 38:53
  Speaker 1: on a holiday, like your boss is well within her
• 38:56
  Speaker 1: rights or their rights. I've assumed to their female. Let's
• 38:59
  Speaker 1: start assuming that all. Let's start assuming that all bosses
• 39:02
  Speaker 1: and CEOs are female. Let's make that movement. But I
• 39:05
  Speaker 1: don't know why we assumed that. That's kind of cool.
• 39:08
  Speaker 2: But she's a bad boss, so maybe it's not cool.
• 39:10
  Speaker 1: Oh my god, what have we done? What have we done? Georgia? Okay,
• 39:14
  Speaker 1: back to what we're talking about. I think it's about
• 39:16
  Speaker 1: understanding why, because if you've said I really need to
• 39:19
  Speaker 1: go on holiday, but your boss has said I'm really busy,
• 39:21
  Speaker 1: and if you leave my business, my business is not
• 39:23
  Speaker 1: going to be profitable and I can't pay you. That's
• 39:26
  Speaker 1: a very different story than someone approaching and saying, hey,
• 39:30
  Speaker 1: I need a few days off. I'm gonna burn out.
• 39:32
  Speaker 1: I think honesty is the best policy in these situations.
• 39:35
  Speaker 1: And if the leave was rejected because they just wanted
• 39:37
  Speaker 1: a holiday and your boss genuinely couldn't afford you to
• 39:40
  Speaker 1: take that time off because it would be so detrimental
• 39:43
  Speaker 1: to the business, then that makes sense, and your employer
• 39:46
  Speaker 1: is actually well within their rights to reject it based
• 39:49
  Speaker 1: on that. Obviously they can't consistently use that excuse, But
• 39:52
  Speaker 1: I would genuinely just have a conversation with my boss
• 39:55
  Speaker 1: and just approach it as as pragmatically as possible, just
• 39:59
  Speaker 1: it is what it is going to need some days
• 40:01
  Speaker 1: off for this. Maybe work with them and say when
• 40:04
  Speaker 1: would be the best time for me to take this
• 40:05
  Speaker 1: off in the next month or the next few weeks.
• 40:08
  Speaker 1: How does this work? How can we make this work?
• 40:11
  Speaker 1: And I'm sure that your boss would hopefully be super
• 40:14
  Speaker 1: understanding of that, because it is very different to asking
• 40:16
  Speaker 1: to go on.
• 40:17
  Speaker 2: A holiday tomorrow as well, like if you're as you
• 40:19
  Speaker 2: are planning for.
• 40:20
  Speaker 1: It absolutely, especially when everybody is under so much pressure
• 40:24
  Speaker 1: like COVID has sent our world into an absolute spin
• 40:27
  Speaker 1: and it is overwhelming for owners of businesses as well
• 40:30
  Speaker 1: as employees as well as people who have you know,
• 40:33
  Speaker 1: completely suffered horribly from this. But I think it's really
• 40:36
  Speaker 1: important to understand that you know your boss is probably
• 40:39
  Speaker 1: feeling a little bit stressed as well, so maybe just
• 40:41
  Speaker 1: needs you to approach it in a different way. Empathy
• 40:44
  Speaker 1: is key here, my friends.
• 40:49
  Speaker 3: Hi, I'm twenty two and soon to graduate, and this
• 40:52
  Speaker 3: is my money diary.
• 40:53
  Speaker 2: Now let's take a sneak peek into the financial lives
• 40:56
  Speaker 2: of perfect strangers. It's time for money diaries.
• 40:59
  Speaker 3: Getting to towards this time of the year. My dad
• 41:02
  Speaker 3: owns a farm, so we all head out and help
• 41:05
  Speaker 3: him on that. We've been able to give him a
• 41:08
  Speaker 3: little bit of money every year and he'll put that
• 41:11
  Speaker 3: into crops or sheep or lambs or anything like that,
• 41:16
  Speaker 3: and then we sort of earn the profit off that.
• 41:19
  Speaker 3: I never looked at what Dad did as investing and saving.
• 41:23
  Speaker 3: It was only that when Dad told me about a
• 41:26
  Speaker 3: friend that he had who his father put two dollars,
• 41:31
  Speaker 3: for example, into Commonwealth Bank shares when he was born,
• 41:34
  Speaker 3: and then this friend apparently makes a ridiculous amount off
• 41:38
  Speaker 3: dividends from that. And when he told me that, I
• 41:41
  Speaker 3: was like, Oh, that is awesome. I can't believe that
• 41:44
  Speaker 3: you can do that. So that's why I started saving
• 41:49
  Speaker 3: as much as I do, because I'm really into that
• 41:51
  Speaker 3: lifestyle that your money can work for you.
• 41:53
  Speaker 2: I suppose what does she do to earn money, how
• 41:56
  Speaker 2: much does she earn, and how much is sitting in
• 41:58
  Speaker 2: her bank account right now?
• 42:00
  Speaker 3: I am a student studying nursing and I currently work
• 42:04
  Speaker 3: across three different health care facilities as a personal care assistant.
• 42:09
  Speaker 3: I earn a round about eighteen to twenty thousand dollars
• 42:14
  Speaker 3: a year with that one. Once I graduate in twenty
• 42:17
  Speaker 3: twenty one, I've got a graduate year at a small
• 42:21
  Speaker 3: regional hospital where I hope to earn between fifty to
• 42:25
  Speaker 3: sixty thousand a year. I have twenty one thousand, six
• 42:31
  Speaker 3: hundred in a house deposit savings account, and then I
• 42:34
  Speaker 3: have usually a round about five thousand dollars in an
• 42:38
  Speaker 3: emergency account, so that sort of fluctuates if I need
• 42:41
  Speaker 3: to take anything out or can add some more in sometimes.
• 42:45
  Speaker 3: And then I have a holiday savings account and just
• 42:49
  Speaker 3: a savings account for things for save I break my
• 42:52
  Speaker 3: phone that I can save and buy another phone or
• 42:55
  Speaker 3: something like that. I've sort of said to myself, Look,
• 42:59
  Speaker 3: I know that I can live off eighteen thousand dollars
• 43:02
  Speaker 3: sort of thing. So if I, like you always talk
• 43:06
  Speaker 3: about lifestyle creep, I'm just like I've got to try
• 43:10
  Speaker 3: not to do it, because you know, I might all
• 43:13
  Speaker 3: of a sudden be making all this money compared to
• 43:16
  Speaker 3: what I usually make, and I'll just go out and
• 43:19
  Speaker 3: splurge on silly things. So it's just more so trying
• 43:23
  Speaker 3: to stick to what I do now so that I
• 43:25
  Speaker 3: don't overspend, because I sort of want to buy a
• 43:29
  Speaker 3: house in the next two to three years if I can,
• 43:34
  Speaker 3: so I'd have to stick to how I'm sort of
• 43:37
  Speaker 3: going now to be able to do that.
• 43:39
  Speaker 2: What is her attitude towards investing? Does she invest?
• 43:42
  Speaker 3: I do invest? So I invested at the start of
• 43:46
  Speaker 3: this year once I got the guts up to do
• 43:48
  Speaker 3: it because I'm so nervous. I put five thousand dollars
• 43:53
  Speaker 3: around about into a share portfolio, and then I also
• 43:58
  Speaker 3: do raise invest and when it gets to a certain amount,
• 44:02
  Speaker 3: then I'll pull that out and pop it into my
• 44:05
  Speaker 3: larger portfolio. I tried to diversify that portfolio too, so
• 44:11
  Speaker 3: we'll see how that goes.
• 44:12
  Speaker 2: What happens to the money once it hits her account.
• 44:15
  Speaker 3: I put only twenty dollars into my stock account so
• 44:19
  Speaker 3: that when it builds up as well as raise, then
• 44:22
  Speaker 3: eventually I can start reinvesting. Then I put fifty dollars
• 44:26
  Speaker 3: into the five thousand dollars emergency fund. I do fifty
• 44:31
  Speaker 3: dollars to my super account just because it's been so
• 44:38
  Speaker 3: slow growing as a UNI student, so I'm trying to
• 44:41
  Speaker 3: contribute more to it. And then I put ninety dollars
• 44:44
  Speaker 3: to that holiday saving account, and then whatever's left over,
• 44:49
  Speaker 3: I sort of go, oh, well, I'll have that, and
• 44:51
  Speaker 3: put half of it into the house deposit account.
• 44:54
  Speaker 2: What is her best money habit.
• 44:56
  Speaker 3: I'm a meticulous planner, so it's really helped actually a
• 45:01
  Speaker 3: few times, because going on holidays is sort of like
• 45:05
  Speaker 3: a value for me because I love the experience. So
• 45:09
  Speaker 3: I've planned really far in advance to go on certain holidays.
• 45:15
  Speaker 3: And for example, like I booked Airbnb. It might have
• 45:19
  Speaker 3: been two years in advance. I don't know how it worked,
• 45:23
  Speaker 3: but because he hadn't set his prices that far in
• 45:26
  Speaker 3: the future, he said that it automatically reset to the
• 45:30
  Speaker 3: lowest cost of all the airbnbs in Queenstown or in
• 45:34
  Speaker 3: New Zealand or something like that. So he booked this
• 45:37
  Speaker 3: amazing apartment style Airbnb for a quarter of the price.
• 45:43
  Speaker 3: It was so good.
• 45:45
  Speaker 2: And what's her worst money habit.
• 45:47
  Speaker 3: It would either be that I spend too much on
• 45:49
  Speaker 3: food at the supermarket, or it would be that, although
• 45:54
  Speaker 3: I don't really spend that much on myself, once or
• 45:58
  Speaker 3: twice a year, I'll just love rowed up in my
• 46:01
  Speaker 3: Iconic account or a SOSS account and buy a little
• 46:04
  Speaker 3: bit too much.
• 46:05
  Speaker 2: What is her big money goal?
• 46:07
  Speaker 3: My big money goal is to buy property.
• 46:11
  Speaker 2: And what grade would she give her money habits?
• 46:13
  Speaker 3: I would give myself a bee only because I do
• 46:19
  Speaker 3: need to spend more time sitting down and going through
• 46:22
  Speaker 3: and planning out a more set in stone budget, and
• 46:25
  Speaker 3: that will calm I suppose when I get a more
• 46:28
  Speaker 3: consistent income, because it's a bit hard to do it.
• 46:30
  Speaker 2: Now twenty two and soon to graduate VD. What did
• 46:35
  Speaker 2: you think?
• 46:36
  Speaker 1: I really liked that because it actually reminded me of
• 46:39
  Speaker 1: my mom. Is that bad?
• 46:40
  Speaker 2: Oh?
• 46:40
  Speaker 1: So my mom grew up with a farming family and
• 46:43
  Speaker 1: she used to invest in sheep and invest in really yeah,
• 46:46
  Speaker 1: And I think that's something that a lot of farming
• 46:48
  Speaker 1: families don't understand, is that's an investment. Like my mom
• 46:52
  Speaker 1: grew up on a farm that farmed poppies, and so
• 46:56
  Speaker 1: if they looked after that farm and you know he
• 46:59
  Speaker 1: helped nurture and tend to it. They would actually get
• 47:01
  Speaker 1: paid a part of what that crop was, so you
• 47:04
  Speaker 1: know it's there's risk in return, like what if the
• 47:06
  Speaker 1: crop goes to seed and it doesn't actually be fulfilled
• 47:09
  Speaker 1: and you can't sell it. Same with like cows, like
• 47:12
  Speaker 1: what if they don't produce the milk, et cetera. I
• 47:14
  Speaker 1: think it's just a really good lesson in investment from
• 47:17
  Speaker 1: a different point of view, like if you are from
• 47:19
  Speaker 1: a farming family, like your parents might say, hey, well
• 47:22
  Speaker 1: we'll give you some lambs, bring them up, or hey
• 47:24
  Speaker 1: do you want to put some money into this? Like
• 47:26
  Speaker 1: that's literally your parents teaching you to invest in a
• 47:28
  Speaker 1: way that they fully understand. And I think that that
• 47:30
  Speaker 1: is so awesome, And it sounds like she's got some
• 47:34
  Speaker 1: pretty good money values. I actually found this really relatable,
• 47:39
  Speaker 1: not personally, but more in terms of she clearly has goals,
• 47:43
  Speaker 1: Like she sounded set. She said that she had her
• 47:46
  Speaker 1: savings account, she said she had an emergency account, she
• 47:49
  Speaker 1: said she had a holiday account, and that she only
• 47:52
  Speaker 1: earned between eighteen and twenty thousand dollars a year. And
• 47:55
  Speaker 1: that just tells me that you can save on any budget.
• 47:58
  Speaker 1: You can save on any income if that's what your
• 48:00
  Speaker 1: heart desires. Now, I'm not gonna get on my high
• 48:03
  Speaker 1: horse and say, oh my gosh, there might be some
• 48:05
  Speaker 1: privilege here. There always is privilege in every single situation,
• 48:08
  Speaker 1: whether she's living at home or not. But her plan,
• 48:11
  Speaker 1: as she said, was to continue to live off eighteen
• 48:13
  Speaker 1: thousand dollars a year ish once she gets her full
• 48:16
  Speaker 1: time job, because she's soon to graduate Georgia. And I
• 48:19
  Speaker 1: think that that's a really great goal. And I genuinely
• 48:22
  Speaker 1: felt like maybe she was a little bit harsh on herself.
• 48:24
  Speaker 2: I thought she was very harsh on herself with the
• 48:26
  Speaker 2: bee like goodness, she's got it all sorted with.
• 48:29
  Speaker 1: All of those yeah, one hundred percent.
• 48:31
  Speaker 2: I wanted to ask you V because she did mention
• 48:33
  Speaker 2: she is slightly worried about lifestyle creep when she does
• 48:36
  Speaker 2: jump up to that higher pay yet any tips there.
• 48:39
  Speaker 1: Being aware of lifestyle creep is the first way to
• 48:42
  Speaker 1: make sure that it doesn't happen too badly. But I
• 48:44
  Speaker 1: also think it's not the worst thing in the entire world. Like,
• 48:48
  Speaker 1: if you are earning more and you want to be
• 48:50
  Speaker 1: able to I won't use the term treat yourself, but
• 48:52
  Speaker 1: I'm going to use the term treat yourself. If you
• 48:54
  Speaker 1: want to increase your lifestyle, then you are absolutely more
• 48:57
  Speaker 1: than welcome to. So my advice is never live on
• 49:00
  Speaker 1: as little money as possible, like live on money that
• 49:03
  Speaker 1: makes you happy and actually helps you align to your
• 49:06
  Speaker 1: goals and values. If you want to be saving and investing,
• 49:09
  Speaker 1: obviously you need to make that a priority. And it
• 49:11
  Speaker 1: sounds like that's her priority, which is why she's trying
• 49:14
  Speaker 1: so hard to stick to the eighteen thousand dollar budget
• 49:17
  Speaker 1: for living expenses, which makes sense. But I also think
• 49:20
  Speaker 1: we kind of just need to be nice to ourselves.
• 49:22
  Speaker 1: If you want to spend a little bit more because
• 49:24
  Speaker 1: you are now working full time and you are earning
• 49:26
  Speaker 1: a bit more, I think you're well within your rights.
• 49:28
  Speaker 2: Too celebrated a little for sure.
• 49:30
  Speaker 1: Yeah, absolutely, just just make sure it's in the budget.
• 49:33
  Speaker 1: Might friendly right?
• 49:34
  Speaker 2: Another question for you be she wanted to buy a
• 49:37
  Speaker 2: home in the next two to three years. Do you
• 49:39
  Speaker 2: think that is an achievable goal?
• 49:42
  Speaker 1: That's actually a really important question in Georgia because I
• 49:44
  Speaker 1: actually don't know how much she is planning on spending
• 49:47
  Speaker 1: on a house, Like if she's going to buy a
• 49:48
  Speaker 1: two hundred thousand dollar property, then sure she's well on
• 49:51
  Speaker 1: the way. If her plan is to buy a two
• 49:53
  Speaker 1: million dollar property, well that's completely unreasonable to think she
• 49:56
  Speaker 1: could achieve that goal. It's actually quite coincidental you mentioned
• 50:00
  Speaker 1: that because I have a blog post actually coming up
• 50:03
  Speaker 1: on our website this week that I have written about
• 50:06
  Speaker 1: how I'm actually budgeting for my very first house cool,
• 50:09
  Speaker 1: which hopefully Georgia will happen in the not so near future.
• 50:14
  Speaker 1: But saving isn't all sunshine and roses, and people think
• 50:17
  Speaker 1: that maybe because I run a finance podcast, I must
• 50:20
  Speaker 1: just be really good at it, and I promise you
• 50:21
  Speaker 1: I am not.
• 50:22
  Speaker 3: So.
• 50:23
  Speaker 1: Yeah, I've written a blog on that, and like spoiler alert,
• 50:26
  Speaker 1: I do talk about my favorite budgeting app, Pocketbook, which
• 50:29
  Speaker 1: you guys would be pretty familiar with if you are
• 50:31
  Speaker 1: in our Facebook group, because I praise them all the time.
• 50:34
  Speaker 2: Yeah, I love it. Well, hopefully she can read that
• 50:38
  Speaker 2: blog when it goes up. Hopefully this is we're going
• 50:39
  Speaker 2: to say sometime this week, I reckon we're going to send.
• 50:41
  Speaker 3: It to her.
• 50:41
  Speaker 2: The only other couple of things I wanted to mention
• 50:44
  Speaker 2: She spends too much on food, she says, but you know,
• 50:46
  Speaker 2: don't we all? And she also mentioned that once or
• 50:49
  Speaker 2: twice a year she goes wild on ASoP and the Iconic.
• 50:53
  Speaker 1: But if a soop or asos my friend, I say,
• 50:55
  Speaker 1: oh my god, I got expensive taste.
• 50:59
  Speaker 2: I don't really use as that's I love ASoP soap.
• 51:03
  Speaker 2: But point there was maybe listen to our sales episode
• 51:07
  Speaker 2: because there are ways you can use those websites and
• 51:10
  Speaker 2: save money. Am I right? Victoria?
• 51:12
  Speaker 1: You're always right?
• 51:13
  Speaker 2: Georgie back, Yeah, well, anything else you wanted to add
• 51:15
  Speaker 2: for twenty two and soon to graduate, I.
• 51:16
  Speaker 1: Don't think so. I still just think that she was
• 51:19
  Speaker 1: being really harsh on herself with a B. But again,
• 51:21
  Speaker 1: each to their own. Maybe she feels like she's got
• 51:23
  Speaker 1: lots to learn.
• 51:24
  Speaker 2: Yeah, okay, with that V I think it's probably time
• 51:27
  Speaker 2: to wrap the show up here.
• 51:28
  Speaker 1: I agree, But just before we head off, we would
• 51:30
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• 51:33
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• 51:36
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• 51:39
  Speaker 1: you for sharing and the caring for the land on
• 51:41
  Speaker 1: which we are able to learn we pay our respects
• 51:43
  Speaker 1: to elders past and present, and we share our friendship
• 51:46
  Speaker 1: and our kindness.
• 51:47
  Speaker 2: The advice shared on she Is on the Money is
• 51:49
  Speaker 2: general in nature and does not consider your individual circumstances.
• 51:53
  Speaker 2: She Is on the Money exists purely for educational purposes
• 51:56
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• 51:58
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• 52:02
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• 52:11
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• 52:15
  Speaker 2: Ryan John, our producer, for splicing it all together into
• 52:18
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• 52:20
  Speaker 1: Pleasurable to this sometimes. Yeah, it's kind of kind of
• 52:22
  Speaker 1: him to always make us sound a much better than
• 52:24
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• 52:27
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• 52:50
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• 52:53
  Speaker 2: I'll pop that little mood could past a recipe there.
• 52:56
  Speaker 1: I mean, we probably should have put that earlier in
• 52:58
  Speaker 1: the show. If you're still listening, have an hour absolutely
• 53:00
  Speaker 1: fab Wednesday.
• 53:01
  Speaker 2: You're our favorite listeners.
• 53:02
  Speaker 1: You're our favorite listener.
• 53:04
  Speaker 2: See you guys.
• 53:05
  Speaker 1: Bye,