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Am I Being Medically Gaslit? And How Do I Invest My Inheritance? · She's On The Money

• 0:00
  Speaker 1: My name's Tatasha Bamblet. I'm a proud First Nations woman
• 0:03
  Speaker 1: and I'm here to acknowledge country te glennyan Ganya, Niana,
• 0:08
  Speaker 1: Kaka yah y and Binahwaka nian our gay In Mbina,
• 0:11
  Speaker 1: yak um Jar, Domayagumika Umaga, Ihowaka Nile Waman damon Immalan,
• 0:16
  Speaker 1: Bumba bang Gadabomba in and now in Waka ghana on
• 0:19
  Speaker 1: yak rum Jar Watanadaa. Hello, beautiful friends, we gather on
• 0:24
  Speaker 1: the lands of the Aboriginal people. We thank acknowledge and
• 0:27
  Speaker 1: respect the Abiginal people's land that we're gathering on today.
• 0:30
  Speaker 1: Take pleasure in all the land and respect all that
• 0:33
  Speaker 1: you see. She's on the Money podcast acknowledges culture, country,
• 0:38
  Speaker 1: community and connections, bringing you the tools, knowledge and resources
• 0:43
  Speaker 1: for you to thrive.
• 0:44
  Speaker 2: She's on the Money.
• 0:46
  Speaker 3: She's on the Money.
• 0:50
  Speaker 4: Hello and welcome to She's on the Money, the podcast
• 0:53
  Speaker 4: that makes personal finance is fun, especially on a Friday.
• 0:57
  Speaker 3: It is Friday drinks time.
• 0:58
  Speaker 4: And as we are gathered here today to celebrate you
• 1:01
  Speaker 4: a wonderful community, I have myself Victoria divine and bech
• 1:06
  Speaker 4: sayeed hi who we today are joining the community with
• 1:10
  Speaker 4: a I would say beck juicy banquet. Hell yeah of
• 1:13
  Speaker 4: money wins plus some broke tips to help drive your
• 1:17
  Speaker 4: dollars further, which is what we love to see.
• 1:19
  Speaker 3: As always, I'll be bringing you a few money.
• 1:21
  Speaker 4: Dilemmas from deep within our DMS, and this week we're
• 1:23
  Speaker 4: discussing family inheritances and how you might spend them, as
• 1:27
  Speaker 4: well as what happens when.
• 1:29
  Speaker 3: Your insurance doesn't quite hit the mark.
• 1:32
  Speaker 4: My friends, have you got a dilemma that's just waiting
• 1:35
  Speaker 4: to be answered, specifically by us, Please, my friends, send
• 1:40
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• 1:42
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• 1:47
  Speaker 4: can sneak into our DMS and share it with us
• 1:49
  Speaker 4: over there. Literally every message is so appreciated, But let's
• 1:54
  Speaker 4: dive straight into the episode. Okay, Miss bechsayed, do you
• 1:58
  Speaker 4: know what else we'd appreciate?
• 2:00
  Speaker 3: Yes?
• 2:00
  Speaker 5: I do? What is it?
• 2:01
  Speaker 3: Some praise and some ego boosting, stroking, etc.
• 2:06
  Speaker 4: Some five star reviews, star reviews, ah sligh all Right,
• 2:09
  Speaker 4: Every single week we save a very special spot on
• 2:12
  Speaker 4: this very podcast to highlight a review from.
• 2:15
  Speaker 3: Our lovely community members just like Cheyenne.
• 2:18
  Speaker 4: So this was a letter sent to us an email,
• 2:22
  Speaker 4: but it felt like a letter anyway, to the dear
• 2:25
  Speaker 4: She's on the money team. I just wanted to say
• 2:28
  Speaker 4: thank you, truly, deeply, thank you. I've been listening to
• 2:31
  Speaker 4: your podcast for the past two and a half years,
• 2:33
  Speaker 4: and I don't think I could ever fully put into
• 2:35
  Speaker 4: words just how much it has changed my life.
• 2:38
  Speaker 3: When I first found you, I was at one of
• 2:40
  Speaker 3: my lowest points.
• 2:41
  Speaker 4: I had just become a single mum after going through
• 2:43
  Speaker 4: a divorce, and my daughter and I had moved back
• 2:46
  Speaker 4: in with my dad, sharing a single room. I was
• 2:49
  Speaker 4: living week to week, juggling childcare costs, bills, and doing
• 2:52
  Speaker 4: it without any financial support. It was overwhelming and honestly
• 2:56
  Speaker 4: pretty scary. But your podcast gave me something I didn't
• 3:00
  Speaker 4: have at the time. It gave me direction, belief, and
• 3:02
  Speaker 4: a sense of control over my future. I made a
• 3:05
  Speaker 4: decision that things were going to be different for us.
• 3:08
  Speaker 4: Fast forward to today, and my life looks completely different.
• 3:12
  Speaker 4: I was able to save for a business loan and
• 3:15
  Speaker 4: purchase a small business in my hometown. I now employ
• 3:19
  Speaker 4: for staff full time and have doubled the business size.
• 3:25
  Speaker 4: I've built a ten thousand dollars emergency fund, I've invested
• 3:28
  Speaker 4: thirty thousand dollars into shares, and for the first time,
• 3:31
  Speaker 4: I feel financially secure. More importantly, I've been creating a
• 3:36
  Speaker 4: beautiful life for my daughter. She gets to go to
• 3:39
  Speaker 4: a private school, she does gymnastics, swimming, and netball. And
• 3:43
  Speaker 4: I've managed to build all of this while maintaining what
• 3:47
  Speaker 4: I would say is a very healthy work life balance.
• 3:50
  Speaker 4: None of this happened overnight, but with your guidance, your honesty,
• 3:54
  Speaker 4: and your constant encouragement, it played such a huge role
• 3:57
  Speaker 4: in me actually getting there. You didn't just teach me
• 4:00
  Speaker 4: about money. You helped me change the trajectory of our lives.
• 4:04
  Speaker 4: From the bottom of my heart, thank you, I'm going
• 4:07
  Speaker 4: to cry.
• 4:09
  Speaker 5: From the bottom of my heart. Thank you for everything
• 4:11
  Speaker 5: you do. You've made a difference. You've made a difference.
• 4:17
  Speaker 3: I can't read it.
• 4:18
  Speaker 4: It's all blurry. Did she write it in blurry text?
• 4:24
  Speaker 4: You've made a difference in more lives than you probably realized.
• 4:27
  Speaker 4: Mine included with so much gratitude, Chyenne.
• 4:31
  Speaker 5: Oh.
• 4:33
  Speaker 3: That's so amazing. Isn't that crazy? Oh my goodness, it's crazy. Amazing.
• 4:42
  Speaker 3: It's crazy.
• 4:43
  Speaker 5: It sounds obviously incredible for you, but like to be
• 4:46
  Speaker 5: for real, I know we're rocking with the coffee and
• 4:49
  Speaker 5: we have a good time.
• 4:51
  Speaker 3: That's crazy, that's what we're doing.
• 4:53
  Speaker 5: Yes, seriously, that's like to change the trajectory of someone's
• 4:58
  Speaker 5: life in a positive way.
• 4:59
  Speaker 3: And it's insane for you to like listen to a
• 5:02
  Speaker 3: podcast and like do all this stuff on your own.
• 5:04
  Speaker 5: Like don't get me wrong, Like I know that you're
• 5:06
  Speaker 5: giving us credit and that's so great, but like we
• 5:10
  Speaker 5: didn't do the work.
• 5:10
  Speaker 3: You did. Yeah, like you did the work.
• 5:12
  Speaker 4: Like and I can yell at a brick wall all
• 5:15
  Speaker 4: day about budgeting and cash flow and girl, I would,
• 5:17
  Speaker 4: I love it, But people actually have to listen and
• 5:20
  Speaker 4: do the work. Like I think it's it's one of
• 5:22
  Speaker 4: those things where it's like somebody copying your homework. You're like,
• 5:26
  Speaker 4: you can copy my homework, but like to what end,
• 5:29
  Speaker 4: Like you'll get the mark, it'll say that you're good
• 5:31
  Speaker 4: at the homework, and then you've got to go out
• 5:33
  Speaker 4: in the real world. Like it's not going to work
• 5:35
  Speaker 4: for sure, Like you're not actually going to learn anything.
• 5:38
  Speaker 4: And I think that for you to do the work
• 5:40
  Speaker 4: that's the biggest thing. Like, that's the coolest thing ever.
• 5:42
  Speaker 4: And I just it's so cool that what we do
• 5:46
  Speaker 4: actually has an impact. That is, that's crazy work for me,
• 5:49
  Speaker 4: really incredible. That is I'm obsessed. And the fact that
• 5:53
  Speaker 4: you took the time to write us a whole last letter.
• 5:56
  Speaker 3: Yeah, that's why I said.
• 5:58
  Speaker 5: It sounded like a letter and I I only ever
• 6:00
  Speaker 5: read that in my head and then when I read
• 6:01
  Speaker 5: it out loud, I was like, I didn't realize I
• 6:03
  Speaker 5: was going to cry. I was like, oh my god,
• 6:05
  Speaker 5: this is so beautiful. I put it on the show.
• 6:07
  Speaker 3: And then thanks for that.
• 6:09
  Speaker 5: Thank you, how cud, that's amazing, proud of our community. Well,
• 6:14
  Speaker 5: I'll tell you what, You've brightened up our morning. That's
• 6:16
  Speaker 5: for shure, You've frightened up my entire week. Entire week,
• 6:19
  Speaker 5: oh but my life.
• 6:20
  Speaker 4: Literally let's segue into a different section of the podcast.
• 6:24
  Speaker 3: Beck, can I ask you a question please? Perhaps a
• 6:28
  Speaker 3: question of the week. Oh my god.
• 6:30
  Speaker 4: Yes, Well really, Mikayla is actually asking us a question,
• 6:34
  Speaker 4: and I would say this one's like a little bit intimate, okay,
• 6:37
  Speaker 4: late on me, I thought this was hilarious. Mikayla asks,
• 6:42
  Speaker 4: in what order do you dry yourself first when you
• 6:44
  Speaker 4: get out of the shower.
• 6:45
  Speaker 5: Yes, yes, yes, yes, yes, great question. I thought when
• 6:48
  Speaker 5: you said intimate, I was like, we're going to cry again. No, no,
• 6:52
  Speaker 5: I'm not going to cry again. And also, this isn't
• 6:54
  Speaker 5: the B and J show.
• 6:55
  Speaker 3: This is the B and B show. Yes, this is
• 6:57
  Speaker 3: like g rated, g rated.
• 7:00
  Speaker 5: Okay, so I bring tel I think I do arms
• 7:06
  Speaker 5: the chest or a grated breast. I want to say,
• 7:10
  Speaker 5: you're aloud to talk about your boobs, titties, my titties.
• 7:13
  Speaker 3: Yes, and then belly yeah.
• 7:15
  Speaker 5: And then I do like I don't know about you,
• 7:16
  Speaker 5: and I feel like anyone who grew up maybe like
• 7:19
  Speaker 5: without heaps of money. Why do you want to generalize?
• 7:22
  Speaker 5: But people like me, I think, find a lot of
• 7:24
  Speaker 5: comfort in the scratchy, the chrispy town, the crispy towel,
• 7:28
  Speaker 5: crispy town.
• 7:29
  Speaker 1: You get it.
• 7:29
  Speaker 3: I get it. I don't like a soft towel. No,
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  Speaker 3: don't dry them in the dryer. No, I don't like it.
• 7:34
  Speaker 5: No, it has to be dried on the line, Like
• 7:36
  Speaker 5: if I'm pulling my towel off the line and like
• 7:39
  Speaker 5: there's a crease when I fold it.
• 7:40
  Speaker 3: That's perfect. Like if you take it off the line,
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  Speaker 3: it's still got the.
• 7:43
  Speaker 5: Yeah, it's like you pull it exactly and then you
• 7:46
  Speaker 5: pull it up. It's like rock hard. It's like you
• 7:49
  Speaker 5: need to shake it back to it. Yeah, but like
• 7:50
  Speaker 5: you want the exfoliation. I think it's really experience.
• 7:54
  Speaker 3: I agree always.
• 7:54
  Speaker 5: It just doesn't like it just moves the water around
• 7:57
  Speaker 5: your body if it's too soft, so you're gonna have
• 7:59
  Speaker 5: a crispy town.
• 8:00
  Speaker 3: And then I'm exfoliating my back with it, you know
• 8:02
  Speaker 3: those like yeah, yeah, yeah, the scrub it up. But
• 8:04
  Speaker 3: I do that too. I like, oh my god, maybe
• 8:06
  Speaker 3: and then one leg the other leg, and then you know,
• 8:10
  Speaker 3: do you wash your hair every time you shower? I
• 8:12
  Speaker 3: think I do.
• 8:14
  Speaker 5: I have never really understood like hair care very well,
• 8:17
  Speaker 5: so see I don't.
• 8:19
  Speaker 4: Yeah, okay, and I wash my hair, and like some
• 8:22
  Speaker 4: people are going to think this is like crazy work,
• 8:24
  Speaker 4: but like I only wash my hair once a week,
• 8:26
  Speaker 4: which I also think for a lot of people is
• 8:28
  Speaker 4: going to be really normal. But then for other people
• 8:29
  Speaker 4: they're like absolutely not. I wash my hair every day, yeah,
• 8:33
  Speaker 4: because like some people get really oily hair really quickly.
• 8:36
  Speaker 5: I just don't.
• 8:36
  Speaker 4: Yeah, like go, I'm not styling my hair every single day.
• 8:39
  Speaker 4: I have a lot of it, and I style it
• 8:41
  Speaker 4: like no, yeah, so it depends if it's a hair
• 8:44
  Speaker 4: day or a not hair day.
• 8:46
  Speaker 5: I ha, got you, Okay, got you. If it's a
• 8:47
  Speaker 5: hair day, yeah, I like get out of the shower
• 8:51
  Speaker 5: and I have wet hair, and I put the towel
• 8:53
  Speaker 5: all around me and then like quickly drive my legs
• 8:56
  Speaker 5: and like kind of forget about my mid section if
• 8:59
  Speaker 5: I'm being honest, and then flip my hair upside down
• 9:01
  Speaker 5: and put the towel on my hair.
• 9:03
  Speaker 3: Don't worry about the mids.
• 9:04
  Speaker 5: No.
• 9:06
  Speaker 4: Do you have a special thing with your hair, Yeah,
• 9:07
  Speaker 4: like turbin it up. And then I'll do like my
• 9:11
  Speaker 4: skin care, like put some moisturizer and stuff on before
• 9:13
  Speaker 4: I even get to work on my hair, because I
• 9:16
  Speaker 4: feel like the hair needs like a little minute.
• 9:18
  Speaker 3: Just like in the turbine. Do you get int of water? Yes, absolutely,
• 9:22
  Speaker 3: and I've heard microfiber is good for it.
• 9:24
  Speaker 4: And then I'll like do that, got my moisturizer on,
• 9:27
  Speaker 4: I'm still a little bit damn Yes. Then I flip
• 9:30
  Speaker 4: my hair back and like scrub it up like the
• 9:33
  Speaker 4: way that people say that you're not meant to when
• 9:35
  Speaker 4: you're like, quote, looking after your hair.
• 9:37
  Speaker 3: I like, scrub the hell out of my hair with
• 9:38
  Speaker 3: my towel upside down.
• 9:40
  Speaker 4: Yeah, and then I take the towel, flip my hair
• 9:43
  Speaker 4: back and wrap the towel around my mid section and
• 9:45
  Speaker 4: that's when my mid section gets dryed.
• 9:47
  Speaker 3: Yes, okay, got you clever? Efficient as well. I don't
• 9:51
  Speaker 3: know if that's efficient. Did you know?
• 9:53
  Speaker 4: I saw a TikTok the other day, which seems to
• 9:55
  Speaker 4: be like the common phrase in my life. I'm chronically
• 9:58
  Speaker 4: and it. She was an American girl, so I'm not
• 10:01
  Speaker 4: sure if this is like an American thing or not.
• 10:03
  Speaker 4: But she was like, guys, I just learned that not
• 10:06
  Speaker 4: everybody puts lotion on after they shower.
• 10:09
  Speaker 3: And I was like, what, like yeah, do you know?
• 10:14
  Speaker 5: No?
• 10:14
  Speaker 3: Same? No, Like I get out of the shower, I
• 10:16
  Speaker 3: dry my body. That's it. Deodorant, yes, yeah, lotion like lotion. No,
• 10:22
  Speaker 3: that's special.
• 10:23
  Speaker 4: Occasions, totally, Like that's maybe when I've done and everything shower.
• 10:28
  Speaker 3: Yeah, I've shaved my legs. I then do some lotion.
• 10:31
  Speaker 3: It's a pampa knife, it's a pampa NI like that
• 10:33
  Speaker 3: is special. She's like no, no, no, Like I lotion
• 10:36
  Speaker 3: my body and then I oil my body. Does not
• 10:39
  Speaker 3: everybody do this?
• 10:40
  Speaker 5: Wow?
• 10:41
  Speaker 3: She would be soft as hell?
• 10:43
  Speaker 4: Yeah, but can people in the comments section on Spotify
• 10:45
  Speaker 4: please let me know?
• 10:47
  Speaker 3: Are we just not doing it right?
• 10:49
  Speaker 5: Like? Yeah? Like because I was at the supermarket the
• 10:52
  Speaker 5: day after I saw that TikTok and I was like,
• 10:55
  Speaker 5: oh wow, there are a lot of body lotion options
• 10:58
  Speaker 5: for sale at the supermar Yeah.
• 11:01
  Speaker 3: Are we meant to be doing this?
• 11:03
  Speaker 5: Like?
• 11:03
  Speaker 3: Are we meant to like body lotion our whole bodies
• 11:06
  Speaker 3: body lotion? Of course? It literally just hit me body lotion, Like,
• 11:09
  Speaker 3: are people doing this every day? Tell us with what
• 11:12
  Speaker 3: time you surely would shower in the night time if
• 11:15
  Speaker 3: you're body lotioning. See, like, I can't imagine anything worse
• 11:19
  Speaker 3: same because you're all s.
• 11:21
  Speaker 4: Can you imagine putting on nice soft pajamas after lotioning
• 11:24
  Speaker 4: and trying to like pull them up your leg.
• 11:28
  Speaker 5: No, get into your sheets and you're like sliming, like
• 11:31
  Speaker 5: sticking to the I don't know, I wouldn't be not
• 11:33
  Speaker 5: an option.
• 11:34
  Speaker 3: Yeah, what time do you do it?
• 11:35
  Speaker 4: I don't know unless I'm going out and I'm putting
• 11:38
  Speaker 4: like some lotion on my legs or like your arms
• 11:40
  Speaker 4: or something. Because I want my skin to look nice after.
• 11:43
  Speaker 5: You know, then you do it after you get dressed already,
• 11:45
  Speaker 5: you don't get slime everywhere.
• 11:47
  Speaker 4: Nah, See this is not okay? Yeah, tell us what
• 11:50
  Speaker 4: the process is if you do do it, and what's
• 11:51
  Speaker 4: like the right process? Yes, and how do we find
• 11:54
  Speaker 4: out the right process exactly? Who's going to teach us?
• 11:58
  Speaker 3: It's crazy? Maybe body each person thing? Maybe?
• 12:02
  Speaker 2: Yeah?
• 12:03
  Speaker 4: All right, Well, if you guys have a very specific
• 12:06
  Speaker 4: question that you would like us to answer on the show,
• 12:08
  Speaker 4: quite clearly, we are open to anything, please, so send
• 12:12
  Speaker 4: them through. We cannot wait to read them. And the
• 12:14
  Speaker 4: more diabolic, all the better, I fear, absolutely please. Now
• 12:19
  Speaker 4: I feel a bit spoilt that I get to read
• 12:21
  Speaker 4: this week's money wins. It's been a real privilege to
• 12:24
  Speaker 4: hear what our community has been spending their money on
• 12:26
  Speaker 4: and celebrating and winning.
• 12:28
  Speaker 3: So let me dive straight in, sure, okay. First one
• 12:33
  Speaker 3: is from Milana.
• 12:34
  Speaker 5: So Alana has said that she's been eyeing off this
• 12:37
  Speaker 5: Kathman do long puffer coat for the longest time, right,
• 12:41
  Speaker 5: And I feel like this is something that we're all
• 12:43
  Speaker 5: doing heading into like the cooler season, Like we're all like, oh,
• 12:47
  Speaker 5: it's like, July, what the heck, like, we need a
• 12:49
  Speaker 5: new puffer anyway, She said that she couldn't justify it
• 12:53
  Speaker 5: because it was four hundred and ninety nine dollars and
• 12:55
  Speaker 5: ninety five cents okay.
• 12:58
  Speaker 4: Then it went on sale and she was like, oh,
• 13:00
  Speaker 4: I'm interested. Came down to two hundred and sixty nine
• 13:02
  Speaker 4: dollars yes, and then on the website she found a
• 13:05
  Speaker 4: ten percent off welcome coach. Yes, so that brings it
• 13:08
  Speaker 4: down to two hundred and forty two dollars and ten
• 13:11
  Speaker 4: cents okay. And then she had one hundred dollar birthday
• 13:14
  Speaker 4: voucher that she'd asked for because she really really wanted
• 13:16
  Speaker 4: this coach. Incredible, that brings it down to one hundred
• 13:19
  Speaker 4: and forty two dollars and ten cents. And so like,
• 13:22
  Speaker 4: we're getting there, rat, there's not more, Yes, there's one more.
• 13:25
  Speaker 4: And then she did shop back. So she did her
• 13:29
  Speaker 4: shop back app and received twenty six dollars and ninety
• 13:33
  Speaker 4: cents back, So that means that she paid a total
• 13:36
  Speaker 4: of one hundred and fifteen dollars and twenty cents. She said,
• 13:39
  Speaker 4: I'm very happy. I've already worn it four times and
• 13:41
  Speaker 4: I'm gonna wear it basically every day. Oh my god,
• 13:44
  Speaker 4: from five hundred bucks one hundred and fifteen yees, and.
• 13:47
  Speaker 3: She like sent us her photo. It's really cute and
• 13:49
  Speaker 3: it looks so warm. It does a very warm Yeah,
• 13:52
  Speaker 3: it's like a movie pink. Yeah, so chic.
• 13:55
  Speaker 4: Anyway, I thought that was really really cool, and the
• 13:57
  Speaker 4: fact that she like gave me the map just tickled
• 14:01
  Speaker 4: something in my brain. I agree, I agree, I loved it.
• 14:05
  Speaker 4: Not how you got there exactly. Our next one is
• 14:07
  Speaker 4: from a friend called Tara. She says, my mortgage will
• 14:10
  Speaker 4: have a one in front of the number that we
• 14:13
  Speaker 4: owe on it this payday. It's still obviously a large number,
• 14:17
  Speaker 4: but I cannot wait.
• 14:18
  Speaker 3: To see it drop. Oh my god, that's so exciting.
• 14:21
  Speaker 4: Also, is it bad that my immediate thought was like
• 14:24
  Speaker 4: a million or one hundred thousand? I know, same, That's
• 14:27
  Speaker 4: what I'm thinking, is that, Actually I'm going to assume
• 14:29
  Speaker 4: that she's only got one hundred thousand dollars left, because like,
• 14:32
  Speaker 4: in this economy, a million dollar mortgage makes me feel sick.
• 14:35
  Speaker 4: So about anyone's like.
• 14:36
  Speaker 5: Oh yay, unless she's gone from having a two million
• 14:39
  Speaker 5: dollar mortgage, true, at which point must be nice.
• 14:43
  Speaker 3: It must be nice. Must be nice. That is a
• 14:45
  Speaker 3: big drop though.
• 14:45
  Speaker 4: Okay, I've got another one from Bianca, and Bianca said,
• 14:49
  Speaker 4: I actually enter a lot of competitions online, which as
• 14:53
  Speaker 4: we know, Jest did recently and she won that face
• 14:56
  Speaker 4: mask that was like eight hundred bucks. And she says
• 14:58
  Speaker 4: that she finds them on Instagram and then surveys and
• 15:00
  Speaker 4: stuff from local shopping centers.
• 15:02
  Speaker 3: And she said, I recently thought I should check.
• 15:05
  Speaker 4: My emails and search the term one oh, just in
• 15:09
  Speaker 4: case I missed an email telling me that it won something. Well,
• 15:12
  Speaker 4: there was an email telling me that i'd want a
• 15:14
  Speaker 4: prize for filling out a survey from the local shopping center.
• 15:18
  Speaker 3: The prize was a one hundred dollars calls voucher.
• 15:21
  Speaker 4: I also did a focus group last year and I
• 15:23
  Speaker 4: still have the gift card voucher from that too, And
• 15:25
  Speaker 4: I have quite a lot of rewards points in my
• 15:28
  Speaker 4: tailstra account. So I'm going to buy another Woolworths gift card.
• 15:31
  Speaker 4: Oh my god, Okay, I can't something about it out.
• 15:33
  Speaker 3: I think we need to do this. That's crazy straight
• 15:35
  Speaker 3: after we and so good.
• 15:37
  Speaker 4: But also I think that if I saw one of
• 15:39
  Speaker 4: those emails come through, I'd just assume it was spam,
• 15:42
  Speaker 4: and like I never opened my email like stuff unless
• 15:44
  Speaker 4: it's like a work thing, I.
• 15:45
  Speaker 3: Know, like get in touch another way.
• 15:47
  Speaker 5: But also so that's not on them if you don't
• 15:50
  Speaker 5: want to look for the money you won, that's true.
• 15:52
  Speaker 5: I suppose that's true. And also you think it's spams
• 15:55
  Speaker 5: they called or texted, you.
• 15:56
  Speaker 4: Know, exactly? Yeah, okay, fair, all right, this one's from Jennifer.
• 16:00
  Speaker 4: I didn't even think of this as an option, so
• 16:02
  Speaker 4: I think it's a really good one. Jennifer said, I
• 16:05
  Speaker 4: was spending thirty bucks a week on takeaway coffee before work.
• 16:10
  Speaker 5: Okay, relatable, fair, I switched to the Hungry Jacks app.
• 16:15
  Speaker 5: Yes for the two dollars and seventy five cent coffee daily,
• 16:19
  Speaker 5: which means my coffee is now total thirteen dollars seventy
• 16:22
  Speaker 5: five and every five coffees is free.
• 16:26
  Speaker 4: Hell yeah, We'll still support my local cafe when I can,
• 16:30
  Speaker 4: but now I even get to have a drive through coffee.
• 16:33
  Speaker 4: Oh so she's saving money and not even have to
• 16:35
  Speaker 4: get out of the car.
• 16:36
  Speaker 3: Yeah, I know, that's amazing. Actually, that's actually incredible.
• 16:40
  Speaker 5: Like I didn't even think about Hungry Jacks when it
• 16:43
  Speaker 5: came though, Like in my head, I'm like takeaway coffee,
• 16:47
  Speaker 5: Like I said, you know fast food, right, Yes, I
• 16:49
  Speaker 5: go make cafe.
• 16:50
  Speaker 3: That's the only place that does coffee. Yeah, I wouldn't
• 16:54
  Speaker 3: even think about dollars seventy five for a coffee in
• 16:56
  Speaker 3: this economy. If it's good, though, you know what, it's
• 16:59
  Speaker 3: worth trying.
• 16:59
  Speaker 5: It's worth trying, and you know what, I think they
• 17:02
  Speaker 5: would have to be good because they have competition, like mcafe,
• 17:05
  Speaker 5: and I'm gonna lie I would say that I'm a
• 17:08
  Speaker 5: coffee snot because I just don't like a bad cup
• 17:10
  Speaker 5: of coffee, but I'm also not snobby about where it
• 17:13
  Speaker 5: comes from.
• 17:13
  Speaker 4: I love a seven to eleven coffee. I think McCafe
• 17:16
  Speaker 4: does a pretty good job. Agreed, Like, you can't complain. No,
• 17:20
  Speaker 4: that's so true, I can't complain.
• 17:22
  Speaker 3: And then this one.
• 17:22
  Speaker 4: I don't usually share the anonymous ones because like, I
• 17:26
  Speaker 4: love being able to chat to our community with their names,
• 17:30
  Speaker 4: but I thought this was really good. Our friend genuine
• 17:34
  Speaker 4: Grapefruit said name, I've been out of work for the
• 17:39
  Speaker 4: longest time. I just got a full time job. I'm
• 17:42
  Speaker 4: now going to be able to go back to saving
• 17:45
  Speaker 4: and investing and get out of debt.
• 17:47
  Speaker 3: Oh my god, amazing, isn't that so good? Amazing, so good?
• 17:50
  Speaker 5: And I feel like that's where we're going to leave
• 17:52
  Speaker 5: it this week because that's just good vibes and I
• 17:54
  Speaker 5: love that for everybody. Agreed, Miss Beck sayed, Yes, that
• 18:00
  Speaker 5: was a treat and I feel like the treats are
• 18:02
  Speaker 5: going to continue because you've got some broke tips for me.
• 18:04
  Speaker 3: I do, I certainly do.
• 18:06
  Speaker 5: OK, what are your sweet sweet broke tips this week?
• 18:08
  Speaker 5: So this first one comes from Medisine, who says I
• 18:10
  Speaker 5: save my clothes and socks that have holes to then
• 18:12
  Speaker 5: cut them up and uses rags for things like working
• 18:15
  Speaker 5: on the car and misk dirty jobs around the home.
• 18:18
  Speaker 5: Buying a bag of rags to do the same thing,
• 18:20
  Speaker 5: it's twenty five bucks. So I think that's such a
• 18:23
  Speaker 5: good idea. There are times when you're like I need
• 18:25
  Speaker 5: something gross, yeah, but not too gross to clean this
• 18:29
  Speaker 5: one random thing, like the oil stick in your car
• 18:31
  Speaker 5: when you're checking your oil. It's like, what do you
• 18:34
  Speaker 5: use here? You don't want to use something like a tissue.
• 18:36
  Speaker 5: I always use a tissue, but something like this where
• 18:39
  Speaker 5: it's just like a dirty old rag. Yeah, fantastic idea.
• 18:43
  Speaker 5: And then this one comes from Sus who says, I
• 18:45
  Speaker 5: use today Ticks, and I have mentioned Promatics before, but
• 18:47
  Speaker 5: never Today Ticks. Use Today Ticks to get theater tickets
• 18:51
  Speaker 5: fifty five dollars each for one hundred and sixty nine
• 18:53
  Speaker 5: dollars tickets.
• 18:54
  Speaker 3: Someone else got two.
• 18:55
  Speaker 5: Tickets to Mulin Rouge for thirty dollars each and they're
• 18:58
  Speaker 5: usually two hundred and ninety dollars. And so today Ticks
• 19:01
  Speaker 5: is basically where you can access limited time offers on
• 19:04
  Speaker 5: premiere or premiere or Premier.
• 19:08
  Speaker 3: I couldn't help you.
• 19:10
  Speaker 5: I can't understand what I'm but I think people know
• 19:13
  Speaker 5: that you guys know performance with today Ticks, so it's
• 19:15
  Speaker 5: like limited time. It could be like same day tickets
• 19:18
  Speaker 5: or like very short notice tickets where you can just
• 19:20
  Speaker 5: get like cheap things. And don't get that confused with Promotics,
• 19:24
  Speaker 5: which is a different website where you can get cheap
• 19:28
  Speaker 5: tickets for reasons unknown.
• 19:30
  Speaker 3: I love that. What's your broke tip?
• 19:32
  Speaker 5: And my one, well, it's probably a little bit silly,
• 19:35
  Speaker 5: but I was without job for a little while the
• 19:37
  Speaker 5: start of Y and I was just thinking how did
• 19:39
  Speaker 5: I get through that? And I remember I asked all
• 19:41
  Speaker 5: of my friends, like if I could do all their
• 19:43
  Speaker 5: little annoying jobs, and you'd be surprised if you just
• 19:46
  Speaker 5: like reached out to people in your neighborhood. I was
• 19:48
  Speaker 5: paid nine dollars to change my friend's bed sheets, and
• 19:51
  Speaker 5: it's paid thirty dollars an hour to clean my friend's room.
• 19:55
  Speaker 4: And so just like have a look around and seek
• 19:58
  Speaker 4: an hour to clean someone else's room.
• 19:59
  Speaker 3: Good, that would be a fun time.
• 20:01
  Speaker 5: I took my goddamn time with it, that's for sure,
• 20:03
  Speaker 5: because I really wanted to stretch this money. I think
• 20:06
  Speaker 5: like when I do have a job, I'm like, hell yeah,
• 20:08
  Speaker 5: I pay for someone like twenty bucks to go do
• 20:10
  Speaker 5: my laundry for me. And if you don't have a job,
• 20:12
  Speaker 5: then hell yeah, you'd go do someone's laundry for them
• 20:15
  Speaker 5: for twenty.
• 20:16
  Speaker 3: Did you ever get on air Tasker?
• 20:17
  Speaker 5: I tried to go on air Taskar, but it is
• 20:19
  Speaker 5: scarier when you don't know that person you know, true,
• 20:23
  Speaker 5: And I think that when there's this level of professionalism
• 20:25
  Speaker 5: that you have to uphold when you're like, hey, I'm
• 20:26
  Speaker 5: just like a regular person trying to make a buck.
• 20:29
  Speaker 5: That's what I found on air Tasker, and I've been
• 20:31
  Speaker 5: using air Tasker a fair bit recently, just for like
• 20:34
  Speaker 5: jobs around my house that I need doing.
• 20:36
  Speaker 3: True, true, trying to Like I kind of like it
• 20:38
  Speaker 3: that a regular person turns up and it's not like
• 20:41
  Speaker 3: a yeah no, like I have now made friends with
• 20:44
  Speaker 3: one of them. It's so cute.
• 20:46
  Speaker 5: True. Well, that's a great addition to this is that like, yeah,
• 20:49
  Speaker 5: jump on air task beause if anyone needs some little
• 20:51
  Speaker 5: bits and bobs.
• 20:52
  Speaker 4: Yeah, like and you can just like get a profile.
• 20:54
  Speaker 4: And this is not promo, by the way. I just
• 20:56
  Speaker 4: thought it was really cool because I was thinking fire out.
• 20:59
  Speaker 4: Did Beck try that? Because you don't have to like
• 21:02
  Speaker 4: accept any of the jobs. You can just look at
• 21:04
  Speaker 4: what's available. And like, obviously I'm not going to go
• 21:06
  Speaker 4: into some random person's house and change their sheets like
• 21:08
  Speaker 4: that would not you know, that would not make me
• 21:10
  Speaker 4: feel comfortable if I didn't know them. But like if
• 21:13
  Speaker 4: they need an errand done or like, can you pick
• 21:15
  Speaker 4: this up for me from KMA or something, Yeah, yeah,
• 21:18
  Speaker 4: I'll do that and drop it at your front door.
• 21:20
  Speaker 3: I don't worry. What a good deal? What a good deal?
• 21:23
  Speaker 5: All right?
• 21:23
  Speaker 4: Well, I hope that Beck's Little Broke Tips section reminded
• 21:26
  Speaker 4: you that it does pay to be a little bit
• 21:28
  Speaker 4: more curious and a little bit out there now, maybe
• 21:31
  Speaker 4: a little bit more proactive in the ways that you
• 21:33
  Speaker 4: spend and make money, because you never know what savings
• 21:36
  Speaker 4: you could literally make along the way. Let's take a
• 21:39
  Speaker 4: really quick break, because when we return, it is time
• 21:41
  Speaker 4: for our money dilemma. All right, my friends, it is
• 21:48
  Speaker 4: time to tune into this week's money dilemma. And you're
• 21:50
  Speaker 4: not going to be surprised. It goes exactly like this.
• 21:56
  Speaker 5: Hi. There, have you got a money dilemma you just
• 21:58
  Speaker 5: can't solve the She He's on the Money team is
• 22:01
  Speaker 5: here to help. Every week we tackle your dilemmas, both
• 22:04
  Speaker 5: big and small, to answer your most burning money, career
• 22:07
  Speaker 5: and life questions. To get involved, simply head to our
• 22:10
  Speaker 5: website and leave us a short voice recording and you
• 22:12
  Speaker 5: might just find yourself on the show.
• 22:14
  Speaker 3: Now, let's take a listen to this week's money dilemma.
• 22:19
  Speaker 2: Hi, She's on the Money Team. I have a dilemma.
• 22:21
  Speaker 2: I'm twenty six and I'm working part time as a
• 22:24
  Speaker 2: contractor as a sole trader, and I'm also studying. I
• 22:29
  Speaker 2: took some time out of the workforce to care for
• 22:31
  Speaker 2: my dad, who was really unwell and he's since passed away.
• 22:34
  Speaker 2: He left me a small inheritance and I'm not sure
• 22:37
  Speaker 2: what to do with it. I have sixty thousand dollars
• 22:39
  Speaker 2: in savings. I would like to buy a house in
• 22:42
  Speaker 2: the next few years, and my super is a little
• 22:45
  Speaker 2: below average, basically because I took some time out of
• 22:49
  Speaker 2: the workforce. He's left me thirty five thousand dollars in
• 22:52
  Speaker 2: Telstra shares and about seventeen thousand dollars in cash. Where
• 22:57
  Speaker 2: should I put my money from the inheritance to make
• 23:00
  Speaker 2: my dad proud? Thank you?
• 23:02
  Speaker 5: Stop.
• 23:04
  Speaker 3: I was already crying at the start of this episode.
• 23:06
  Speaker 5: And then at the end of that I was like, okay, inheritance,
• 23:08
  Speaker 5: I can deal with that, and she's like, where can
• 23:10
  Speaker 5: I put this money to make my dad proud?
• 23:12
  Speaker 2: Oh?
• 23:13
  Speaker 3: I'm so so sorry for You're lost by the way.
• 23:15
  Speaker 5: That's but also what a human So you took time
• 23:18
  Speaker 5: out to look after your dad because he wasn't well.
• 23:22
  Speaker 5: Oh my goodness, Like, I hope if I'm not well,
• 23:24
  Speaker 5: I'm surrounded by people who.
• 23:26
  Speaker 3: Want to do that for me. Is that a bad
• 23:28
  Speaker 3: thing to wish? Like He's I don't know. It just
• 23:30
  Speaker 3: feels like really wholesome and you just sound like a
• 23:33
  Speaker 3: good human. Beck, What would you do.
• 23:35
  Speaker 5: When she's mentioned super My immediate thought was like, oh,
• 23:39
  Speaker 5: that's probably a good thing to like saw some money
• 23:42
  Speaker 5: into just burst up a little bit, and so you
• 23:44
  Speaker 5: like make sure you're on the right track.
• 23:45
  Speaker 3: What if that looks like for your specific goals.
• 23:49
  Speaker 5: But I also am thinking, because she wants to buy
• 23:52
  Speaker 5: a house maybe or property soon, then putting money into
• 23:57
  Speaker 5: shares maybe not the best Lady. If it's like within
• 24:00
  Speaker 5: the next couple of years you're wanting to buy a property,
• 24:03
  Speaker 5: you'd want to put that money somewhere where you can
• 24:05
  Speaker 5: still access it and it's not too like volatile. Maybe
• 24:10
  Speaker 5: is there still that super saver first host Home Super
• 24:13
  Speaker 5: Saviors scheme First Home super super Saviors Queen, I'd probably
• 24:17
  Speaker 5: put the seventeen in that. I'd maybe leave the shares
• 24:20
  Speaker 5: if I smart idea, you know, put the seventeen. I
• 24:24
  Speaker 5: feel so happy, ibew, Is this what you think is
• 24:26
  Speaker 5: a good idea? No, I hadn't even thought of it.
• 24:28
  Speaker 4: But that's a pretty good idea. That's a good suggestion. Incredible,
• 24:31
  Speaker 4: especially if you said, like I want to, you know,
• 24:34
  Speaker 4: buy property. Putting seventeen grand through the first Home super
• 24:38
  Speaker 4: Savior scheme, you'd only be able to do fifteen thousand
• 24:41
  Speaker 4: dollars this financial year, and then you'd be able to
• 24:43
  Speaker 4: do the rest next financial year. But by that time
• 24:45
  Speaker 4: you might have some more savings that you could put in.
• 24:47
  Speaker 4: But essentially you'll get like some tax back on that
• 24:50
  Speaker 4: money because it was a contribution that you made post tax.
• 24:54
  Speaker 4: That means that that money's going to go further. And like,
• 24:57
  Speaker 4: I don't know the most important thing to you, I
• 25:00
  Speaker 4: was making your dad proud, and like you probably told
• 25:03
  Speaker 4: him that you were saving for a home and he
• 25:05
  Speaker 4: was just like super stoked to help you get there.
• 25:07
  Speaker 4: Like that's gonna like turbo charge that.
• 25:09
  Speaker 5: But even just like you sound like a person who
• 25:11
  Speaker 5: who would be proud of anyway, Like you took time
• 25:13
  Speaker 5: off work, take care of him, Like you whatever you
• 25:16
  Speaker 5: do with this, even if you treated yourself to a
• 25:19
  Speaker 5: wild adventure.
• 25:20
  Speaker 4: Yeah, he's going to be proud of you. Yeah, regardless
• 25:23
  Speaker 4: of what you did with the money. To be honest,
• 25:24
  Speaker 4: absolutely that's dad vibe. And I feel like the way
• 25:27
  Speaker 4: you're speaking about him in that voice, note I was like,
• 25:29
  Speaker 4: oh you had a really good You wasn't just like oh,
• 25:31
  Speaker 4: I had to look after my dad, Like, yeah, you
• 25:33
  Speaker 4: clearly had a really good close relationship with him, So
• 25:36
  Speaker 4: my queen like, you could probably frivolously spend all of
• 25:39
  Speaker 4: it and he's probably still there being like.
• 25:40
  Speaker 3: Yeah, queen, go, I love that for you.
• 25:42
  Speaker 5: Really.
• 25:43
  Speaker 4: I have done episodes on inheritance before and showing it
• 25:46
  Speaker 4: the respect that I think it deserves, so I would
• 25:48
  Speaker 4: go and listen to those. But it sounds like you're
• 25:51
  Speaker 4: well on the way. I would have a look at
• 25:53
  Speaker 4: your super especially because it is behind because of those
• 25:56
  Speaker 4: caring duties. Like I don't know, this is just personal opinion,
• 25:59
  Speaker 4: but I don't think your dad would want to see
• 26:02
  Speaker 4: you behind because of that time that you took out.
• 26:05
  Speaker 4: So maybe doing a little bit of a top up
• 26:07
  Speaker 4: there is not the worst thing. Maybe getting a little
• 26:09
  Speaker 4: bit of advice and chatting to some people on those
• 26:11
  Speaker 4: shares is a good idea, because I don't know when
• 26:14
  Speaker 4: they were purchased. You would have some capital gains issues
• 26:17
  Speaker 4: if you did sell them, and that is maybe something
• 26:21
  Speaker 4: you don't want. So maybe that thirty five thousand dollars
• 26:23
  Speaker 4: Intelstra shares is like the start of your investment portfolio,
• 26:26
  Speaker 4: and we leave that there and then we keep contributing
• 26:28
  Speaker 4: and then you know, you reach financial freedom. Like that's
• 26:31
  Speaker 4: a pretty cool thing to achieve. So yeah, I think
• 26:34
  Speaker 4: it's just about sitting down and like maybe mapping out
• 26:37
  Speaker 4: all the options you have.
• 26:39
  Speaker 3: Not hey, Beck, what do you want to do with this?
• 26:41
  Speaker 3: But more hey what could you do?
• 26:43
  Speaker 4: Oh? I could take around the world scrip or I
• 26:45
  Speaker 4: could put it on my super I could do this,
• 26:47
  Speaker 4: like write them all down. It's like when you see
• 26:49
  Speaker 4: it in front of you, it's so much easier to
• 26:51
  Speaker 4: be like, oh, actually i'm crossing that off the list.
• 26:53
  Speaker 3: That's not as important. Oh I'm crossing that off. Do
• 26:55
  Speaker 3: you know what I mean?
• 26:56
  Speaker 4: Like to a little list moment, and that could help
• 26:58
  Speaker 4: you see it. Sometimes we need the visual exactly. But
• 27:02
  Speaker 4: that's what I would be saying.
• 27:03
  Speaker 3: But yeah, I think what if you do? I think
• 27:06
  Speaker 3: your dad'll be very proud. Yeah, and I'm just a
• 27:08
  Speaker 3: bit sad, like I'm sorry, Yeah, that sounds really trash.
• 27:12
  Speaker 5: I know you'd give it all back to have your
• 27:14
  Speaker 5: dad back. So anyway, so let's move on. I feel like, well,
• 27:18
  Speaker 5: that dilemma was about you building your future. We got
• 27:21
  Speaker 5: a DM and it concerns the past. It I think
• 27:25
  Speaker 5: is quite concerning. So he community member wrote into us
• 27:29
  Speaker 5: and said, Hi, she's on the money. I have a
• 27:31
  Speaker 5: finance issue that I'd love to be unpacked or to
• 27:34
  Speaker 5: be pointed to an episode where you maybe.
• 27:36
  Speaker 3: Have discussed this before.
• 27:38
  Speaker 4: I've been with the same employer for nineteen years and
• 27:42
  Speaker 4: have had the same super with income protection since then. Recently,
• 27:47
  Speaker 4: I was made aware that my income wasn't being updated
• 27:49
  Speaker 4: in line with my twice yearly pay rises and promotions
• 27:53
  Speaker 4: over the years, and was listed as sixty three thousand
• 27:57
  Speaker 4: dollars when I now earn one hundred and forty five
• 28:00
  Speaker 4: thousand dollars. So when she's saying that she's talking about
• 28:02
  Speaker 4: how much income she earns for her insurance, gotcha. I
• 28:06
  Speaker 4: have tried to update it, but I have been subjected
• 28:08
  Speaker 4: to a mountain of forms, signing a medical release and
• 28:12
  Speaker 4: even an in home medical exam. This morning, I was
• 28:15
  Speaker 4: told they won't increase my listed income because your quote, height, weight,
• 28:19
  Speaker 4: and your medical history deems you too much of a risk.
• 28:22
  Speaker 4: I feel sick about this, not being able to protect
• 28:25
  Speaker 4: myself financially. What avenues can a person take in a
• 28:29
  Speaker 4: situation to actually have protection? Any advice is so much appreciated.
• 28:35
  Speaker 5: It's a really tricky one. My first law is like
• 28:37
  Speaker 5: you're probably paying less premium. So when you update, you
• 28:42
  Speaker 5: just like don't worry about the past, just like update
• 28:44
  Speaker 5: your income.
• 28:45
  Speaker 3: And then now I realize it. It's like it's quite
• 28:47
  Speaker 3: a process.
• 28:47
  Speaker 5: But I don't really know with like I'm like income
• 28:51
  Speaker 5: protection or is what I'm assuming for this particular insurance.
• 28:55
  Speaker 5: So they need to like, you know, match or at
• 28:57
  Speaker 5: least you like eighty percent of your current income. Know
• 29:00
  Speaker 5: if the worst was to happen in touch, would I
• 29:02
  Speaker 5: don't know enough about it to be like, do they
• 29:04
  Speaker 5: have to like is that just like a default that
• 29:06
  Speaker 5: they keep up to date with your current salary or you.
• 29:11
  Speaker 3: Have to update them? Is it your job, your responsibility?
• 29:14
  Speaker 4: Okay, Well they don't have a financial advisor on this,
• 29:18
  Speaker 4: so it's nobody's responsibility. But this okay, And so if
• 29:21
  Speaker 4: they did it earlier, then maybe it would have been Yeah,
• 29:23
  Speaker 4: maybe you could have stepped it up without because it's
• 29:27
  Speaker 4: such a big step the insurer really wants to go. Okay, well,
• 29:30
  Speaker 4: let's assess the situation. What I would say in this
• 29:33
  Speaker 4: particular circumstance is that's just with one company, Like please
• 29:38
  Speaker 4: go get financial advice. Like I'm not being paid to
• 29:40
  Speaker 4: say this right now, but go and speak to sky Wealth,
• 29:44
  Speaker 4: like they are phenomenal at what they do, and sky
• 29:48
  Speaker 4: Wealth are not just going to look at that one company,
• 29:50
  Speaker 4: but every company on the market and go, Okay, well,
• 29:54
  Speaker 4: clearly you've got a like a height and wait, like
• 29:57
  Speaker 4: I don't want to say issue, but like when it
• 29:59
  Speaker 4: comes to ensue, that is an issue I don't like.
• 30:02
  Speaker 4: From me personally, I think it's an absolute junk thing
• 30:05
  Speaker 4: to consider because somebody's BMI. From my perspective, they could
• 30:09
  Speaker 4: be the fittest person in the world and have a
• 30:12
  Speaker 4: really high BMI and then somebody who's anyway. I think
• 30:15
  Speaker 4: it's the dumbest thing ever. Yeah, but it is something
• 30:19
  Speaker 4: that insurers care about. Different insurers have different BMI margins,
• 30:25
  Speaker 4: They look at different things, They take things into consideration.
• 30:28
  Speaker 4: Go and talk to sky Wealth, tell them what you've
• 30:31
  Speaker 4: been through, and they can reassess all of it and
• 30:33
  Speaker 4: make sure that you get the right cover because just
• 30:36
  Speaker 4: because one company has declined you does not mean you
• 30:39
  Speaker 4: can't get another company to cover you and another situation
• 30:42
  Speaker 4: to arise. And I just I feel like that was
• 30:45
  Speaker 4: very arduous for a company that you don't even know
• 30:49
  Speaker 4: if you want to stick with, if that makes sense,
• 30:51
  Speaker 4: Like I would have just go back to the drawing
• 30:53
  Speaker 4: board be like, okay, cool, I'll talk to an advisor
• 30:56
  Speaker 4: and have all of this sorted out. But thankfully it's
• 30:59
  Speaker 4: not end of the world, because there are lots of
• 31:02
  Speaker 4: insurers out there. But also it's phenomenal that you already
• 31:06
  Speaker 4: have that cover because if there are some like and
• 31:09
  Speaker 4: obviously I don't know your situation, but you said your
• 31:11
  Speaker 4: medical history deems you too much of a risk, Like
• 31:15
  Speaker 4: maybe you genuinely and I don't want to scare you,
• 31:17
  Speaker 4: maybe you aren't insurable, but you already have a sixty
• 31:20
  Speaker 4: three thousand dollars policy true, which.
• 31:22
  Speaker 3: Is now gold.
• 31:23
  Speaker 4: We're not going to get rid of that, like we're
• 31:26
  Speaker 4: going to look at what else we could supplement with.
• 31:28
  Speaker 4: And I think that that's actually a really good situation, stressful,
• 31:31
  Speaker 4: but good situation.
• 31:32
  Speaker 5: To be in. Absolutely, that's a great way to look
• 31:34
  Speaker 5: at it.
• 31:35
  Speaker 4: Anyway, that's where I would go with it and just
• 31:37
  Speaker 4: go get a professional to look at it. Unlike every
• 31:39
  Speaker 4: other situation, no doesn't mean no, yeah yeah exactly, So
• 31:44
  Speaker 4: I just I think it's really important to just get
• 31:46
  Speaker 4: somebody who knows their stuff and can go, oh well, actually,
• 31:50
  Speaker 4: in this situation over here would be your best option.
• 31:53
  Speaker 3: Yeah, no, that's great, And what did the rest of
• 31:55
  Speaker 3: the community have to say?
• 31:56
  Speaker 5: So?
• 31:56
  Speaker 4: The first question I asked the community was have you
• 32:00
  Speaker 4: ever reviewed your income protection insurance?
• 32:02
  Speaker 3: This the one makes me mad? Okay.
• 32:05
  Speaker 5: Only fourteen percent of you said yes regularly, guys, come on,
• 32:09
  Speaker 5: come on, but I will.
• 32:11
  Speaker 4: Twenty two percent of you said yeah, I did it once. Okay,
• 32:14
  Speaker 4: that's good, We're getting you better. But then sixty four
• 32:17
  Speaker 4: percent of you said no, never. Australia is literally the
• 32:22
  Speaker 4: most underinsured country in the world.
• 32:24
  Speaker 3: That's wild.
• 32:26
  Speaker 4: Don't let us be also underinsured? Like, get it together anyway.
• 32:31
  Speaker 4: The next question I asked was how confident are you
• 32:34
  Speaker 4: that your insurance cover matches your current circumstances. Sixteen percent
• 32:38
  Speaker 4: of you said very confident. Okay, that's not many.
• 32:42
  Speaker 5: Twenty nine percent of you said I think I'm somewhere
• 32:45
  Speaker 5: in the middle, and then fifty five percent of you
• 32:46
  Speaker 5: said I'm not confident at all.
• 32:48
  Speaker 3: Okay, that's okay. Never too late.
• 32:49
  Speaker 4: This is becoming an entire ad for Sky Wealth. I'm
• 32:52
  Speaker 4: gonna call them up later. And be like, you need
• 32:54
  Speaker 4: to pay me because all I did was talk really good.
• 32:57
  Speaker 3: Things about you. But you guys need a call Sky anyway.
• 33:01
  Speaker 4: Then I asked, before today, did you know your income
• 33:03
  Speaker 4: protection cover might not actually automatically increase with your salary?
• 33:07
  Speaker 3: Right? Yes?
• 33:08
  Speaker 4: And seventy two percent of you said no. Oh god,
• 33:12
  Speaker 4: So most of us apparently don't know that that's a thing.
• 33:14
  Speaker 4: And that's okay. But that's why I've been on my
• 33:18
  Speaker 4: high horse and my friend box and I've been yelling,
• 33:21
  Speaker 4: please review your insurances regularly.
• 33:24
  Speaker 3: Anyway.
• 33:24
  Speaker 4: Then I went and said, what's your two cents? Most
• 33:27
  Speaker 4: of the comments said go through a financial advisor. Another
• 33:30
  Speaker 4: person said I'm just a girl and I have the
• 33:32
  Speaker 4: same questions. Another person said send help. This is also me.
• 33:36
  Speaker 3: I love this.
• 33:37
  Speaker 4: We're all in this together like we're in a sinking ship,
• 33:40
  Speaker 4: but we're singing, you know exactly. Someone commented, Sky Wealth,
• 33:44
  Speaker 4: have you not been listening.
• 33:45
  Speaker 3: To Victoria, I've created a cult, gordo it.
• 33:49
  Speaker 4: Someone else said I wouldn't let this go and then
• 33:51
  Speaker 4: I would look at other super companies and seek some advice.
• 33:55
  Speaker 4: I'd be like a dog with a bone. But they
• 33:57
  Speaker 4: did that in emojis which I really appreciate. Someone else said,
• 34:01
  Speaker 4: I became uninsurable at twenty two, and then she did
• 34:04
  Speaker 4: the nail painting emoji. Oh the hell, well, it happens. Unfortunately,
• 34:09
  Speaker 4: she's clearly being facetious. She said, I'm just doing my
• 34:12
  Speaker 4: best to set everything else up financially. So maybe it's
• 34:15
  Speaker 4: not just about insurance but having a solid income stream.
• 34:19
  Speaker 3: Yes, very true.
• 34:20
  Speaker 4: Someone else said, same situation, and I really can't afford
• 34:23
  Speaker 4: to change it. It's an absolute joke. Another person said,
• 34:27
  Speaker 4: due to my health issues, I'm unable to increase mine
• 34:29
  Speaker 4: and the stress it's causing me is insane. And someone
• 34:33
  Speaker 4: else said, I've definitely learned something today. I didn't even
• 34:36
  Speaker 4: know that was a thing. I'm running to my insurances now.
• 34:38
  Speaker 3: Oh my god.
• 34:39
  Speaker 5: I wonder how much like panic that set off in
• 34:41
  Speaker 5: people when like reading that.
• 34:43
  Speaker 3: But no, I don't want to panic you.
• 34:45
  Speaker 4: But then the last comment that I want to share
• 34:48
  Speaker 4: was like, thank god to she's on the money. I've
• 34:50
  Speaker 4: reviewed all of my insurances and I increased my income protection.
• 34:54
  Speaker 3: Oh incredible.
• 34:55
  Speaker 5: I love this for you, But don't feel bad if
• 34:57
  Speaker 5: you're like, oh, I'm uninsurable now or I can't get
• 34:59
  Speaker 5: it now. Just know that they're maybe from the moment
• 35:02
  Speaker 5: your salary increased you couldn't have. Yeah, don't think about
• 35:06
  Speaker 5: like what if just be where you are yep.
• 35:09
  Speaker 4: And if you've been through that situation and you've been
• 35:12
  Speaker 4: told we'll actually no, you can't increase your insurance or
• 35:15
  Speaker 4: you are uninsurable, the first thing I would be doing
• 35:18
  Speaker 4: is going and getting financial advice and talking to an
• 35:21
  Speaker 4: insurance specific financial advisor to be like, what are my options?
• 35:26
  Speaker 4: Because they're going to be like a dog with a
• 35:28
  Speaker 4: bone and be like this is a game to them.
• 35:30
  Speaker 4: They're going to go great, no worries, shitty situation, How
• 35:33
  Speaker 4: can I help you?
• 35:34
  Speaker 5: For sure?
• 35:34
  Speaker 4: They're going to get you out of that situation ideally,
• 35:37
  Speaker 4: and if they can't, they're going to help you create
• 35:39
  Speaker 4: a plan to be like all right, well Beck, we
• 35:41
  Speaker 4: can't insure you for this, and this here's the outcome
• 35:44
  Speaker 4: that we should be working towards to make sure you're
• 35:46
  Speaker 4: in the best possible position for sure which money and
• 35:49
  Speaker 4: life win that's going to alleviate your stress. All Right,
• 35:52
  Speaker 4: my friends, I think that is all we have time
• 35:54
  Speaker 4: for today, but we'll be back with a fresh new
• 35:56
  Speaker 4: week tomorrow with a money diary for you to sink
• 35:59
  Speaker 4: your teeth into.
• 36:00
  Speaker 3: If you enjoyed this episode.
• 36:02
  Speaker 4: Please tell a friend, tell a neighbor, call up your mum,
• 36:04
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• 36:07
  Speaker 4: chicul little review and.
• 36:08
  Speaker 3: Thank you for tuning in and being part of our
• 36:10
  Speaker 3: She's on the Money community. Thank you, We love you.
• 36:12
  Speaker 3: Bye bye.
• 36:18
  Speaker 4: The advice shared on She's on the Money is general
• 36:20
  Speaker 4: in nature and does not consider your individual circumstances. She's
• 36:24
  Speaker 4: on the Money exists purely for educational purposes and should
• 36:28
  Speaker 4: not be relied upon to make an investment or financial decision.
• 36:31
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• 36:33
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• 36:37
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• 36:39
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