Latest / She's On The Money / She's On The Money Radio Recap - 18th June

Transcript

She's On The Money Radio Recap - 18th June · She's On The Money

• 0:00
  Speaker 1: Hello, and welcome to She's on the Money. It's the
• 0:02
  Speaker 1: podcast for millennials who want financial freedom.
• 0:05
  Speaker 2: I'm traveling for.
• 0:06
  Speaker 3: Everybody else to.
• 0:07
  Speaker 4: Oh, it is just a really catchy tagline.
• 0:10
  Speaker 1: Well you've written a mate. Remember whatever you write on
• 0:13
  Speaker 1: the teleprompter. Trav Roebuck will say, I am travel.
• 0:18
  Speaker 3: Is really pretty.
• 0:19
  Speaker 5: Yeah, why don't you.
• 0:21
  Speaker 2: Say that, Trav Mitch Churry is really pretty? She put
• 0:24
  Speaker 2: a mark on the end of it.
• 0:26
  Speaker 5: I don't say I wouldn't say I'm pretty, would you, Victoria?
• 0:28
  Speaker 4: I had more say I think you're handsome's handsome stuff?
• 0:31
  Speaker 3: Thank you pretty though.
• 0:33
  Speaker 4: Like you have nice hair, like you know how some
• 0:35
  Speaker 4: people they're like, oh they're just like rugged handsome, like
• 0:38
  Speaker 4: like you've got soft hair, like you clearly care about it.
• 0:41
  Speaker 5: Yeah, you know how some people sweat and it's hot
• 0:43
  Speaker 5: when I sweat. It's discussing.
• 0:45
  Speaker 3: We don't have to list.
• 0:47
  Speaker 2: You've got a lovely glow about you.
• 0:48
  Speaker 3: Victoria, exactly make me so nervous. Let's move on.
• 0:52
  Speaker 1: You know, if we were in a relationship, we probably
• 0:55
  Speaker 1: wouldn't need to start talking about it wouldn't be though.
• 0:57
  Speaker 1: I know, but how much money I'm trying to do?
• 1:00
  Speaker 1: What we call.
• 1:01
  Speaker 2: Yeah, that sounds good.
• 1:02
  Speaker 5: Guys would be ale.
• 1:04
  Speaker 1: When do we start talking about how much money we
• 1:06
  Speaker 1: have and what we want.
• 1:07
  Speaker 2: To do with it if we're a thrupple.
• 1:09
  Speaker 4: I don't know.
• 1:09
  Speaker 5: That's tough.
• 1:11
  Speaker 4: That's Mitch's job. Your job is to make me cups
• 1:13
  Speaker 4: of tea and bring me my wheat pack.
• 1:15
  Speaker 3: And Mitch, what's my job? I order the Uber eats.
• 1:18
  Speaker 5: Yes, I'm not even joking.
• 1:20
  Speaker 4: Guy.
• 1:21
  Speaker 5: I wasn't going to say anything, but just as as
• 1:24
  Speaker 5: we were recording, I might ordered. I ordered gozamet.
• 1:28
  Speaker 4: Oh, some cheeky morning Mexican.
• 1:30
  Speaker 1: And exception has an exception that is so damned selfish
• 1:34
  Speaker 1: of you, mate, because the studio is not going to
• 1:36
  Speaker 1: be inhabitable Mate in a couple of hours thanks to you.
• 1:38
  Speaker 3: You're kind of food, Mitch.
• 1:40
  Speaker 5: Why is that? Why is it not inhabitable?
• 1:41
  Speaker 2: Mexican? And Mitch, cherry does not equal pleasant smell.
• 1:44
  Speaker 4: And also just low key. Do you remember Trev being
• 1:47
  Speaker 4: asked if you'd like some Mexican?
• 1:50
  Speaker 3: I don't remember being offered.
• 1:52
  Speaker 1: That silence was me trying to remember and know the
• 1:54
  Speaker 1: answer is Mexic.
• 1:56
  Speaker 5: Check your phones. I text you while I was in
• 1:58
  Speaker 5: the bathroom.
• 1:59
  Speaker 3: Let's still about this radio show. How did it go
• 2:02
  Speaker 3: this week?
• 2:03
  Speaker 5: I thought it was a great show. We did more
• 2:05
  Speaker 5: marketplace fines. What deal did you get? A marketplace all
• 2:08
  Speaker 5: stem from the fact that I'm a marketplace genius and
• 2:11
  Speaker 5: we got an interesting one to have Richard called through
• 2:14
  Speaker 5: and he got a deal which I actually think we
• 2:16
  Speaker 5: should have.
• 2:17
  Speaker 4: Never honestly, I want to fact check that. Rich Sorry,
• 2:20
  Speaker 4: if you're listening, how does anybody spend eight thousand dollars
• 2:23
  Speaker 4: on one reclined.
• 2:24
  Speaker 5: I'm going to google it time you wake it.
• 2:26
  Speaker 4: No, maybe it's like designer from like King Living or something.
• 2:29
  Speaker 5: And he claims what did he claim? He got four
• 2:31
  Speaker 5: thousand dollars chairs? Two of them?
• 2:33
  Speaker 3: Two of them?
• 2:34
  Speaker 6: No?
• 2:34
  Speaker 3: When they eight grandeep?
• 2:35
  Speaker 1: No? No, no, two for eight grand and he pays
• 2:38
  Speaker 1: eight hundred dollars for them.
• 2:39
  Speaker 5: Hold on a lazy Boy online. I've just checked it
• 2:42
  Speaker 5: can go for two nine nine.
• 2:45
  Speaker 2: And what about the chair version, Mitch, you're just looking
• 2:49
  Speaker 2: feet Well.
• 2:50
  Speaker 4: We're renovating at the moment, and it's making me really
• 2:54
  Speaker 4: requestion the furniture that's in my house.
• 2:56
  Speaker 2: What does the ghost think about your house?
• 2:58
  Speaker 7: Oh?
• 2:58
  Speaker 4: Look, I don't know the ghost, you know, how she's
• 3:01
  Speaker 4: turning off and on the kitchen lights at the moment.
• 3:03
  Speaker 5: She how do you know it's a she?
• 3:06
  Speaker 4: Oh, this makes me sound crazy because I heard her voice.
• 3:09
  Speaker 4: I'm convinced she talks to me. What But it's okay,
• 3:13
  Speaker 4: it's all right. But it's making me requestion all of
• 3:15
  Speaker 4: my furniture in my house right because the furniture in
• 3:18
  Speaker 4: my house is like from when I was at Uni.
• 3:21
  Speaker 3: I just haven't updated it.
• 3:22
  Speaker 4: Like I have these chairs that I actually did buy
• 3:25
  Speaker 4: on Facebook market Place no gum Tree. Sorry, well the
• 3:28
  Speaker 4: one gum Tree ages ago, and I think it was
• 3:30
  Speaker 4: like six of.
• 3:31
  Speaker 3: Them for like one hundred dollars or something. They were
• 3:33
  Speaker 3: getting rid of them.
• 3:33
  Speaker 4: They weren't good to begin with, and now they're like
• 3:35
  Speaker 4: real terrible. But I'm looking at buying new ones. What
• 3:39
  Speaker 4: do you mean eight hundred dollars a chair for something
• 3:41
  Speaker 4: that's reasonably looking? Like, I just don't understand why things
• 3:44
  Speaker 4: are so expensive.
• 3:46
  Speaker 1: And you're worried now that the ghost is going to
• 3:48
  Speaker 1: judge your furniture. But the good thing is she's turning
• 3:50
  Speaker 1: off your life.
• 3:51
  Speaker 4: No, I'm worried that I'm going to build a new
• 3:53
  Speaker 4: kitchen and then have ugly furniture in the house.
• 3:56
  Speaker 2: Honestly, that's all right.
• 3:58
  Speaker 1: Well, you know what, we are going to save you
• 4:00
  Speaker 1: some cash so you can put towards some beautiful furniture
• 4:03
  Speaker 1: for your brand new house.
• 4:05
  Speaker 2: Your tips are amazing.
• 4:06
  Speaker 3: I'm working on a Saturday.
• 4:07
  Speaker 1: Yeah, let's get straight into the radio show to find
• 4:10
  Speaker 1: out exactly how you can do it. It's She's on the
• 4:12
  Speaker 1: Money radio show right now.
• 4:14
  Speaker 5: Enjoy it radio.
• 4:18
  Speaker 2: She's on the Money Radio show.
• 4:22
  Speaker 5: With Victoria Divine.
• 4:23
  Speaker 1: Starts see Saturday morning right across the country. She's on
• 4:27
  Speaker 1: the Money Radio Show with Australia's number one finance podcaster
• 4:30
  Speaker 1: Victoria Divine and Mixtury as well.
• 4:33
  Speaker 2: Guys, we are.
• 4:33
  Speaker 1: Doing all thanks to Budget Direct, winner of Can Stars
• 4:36
  Speaker 1: Insurer of the Year Award twenty twenty two Budget Direct
• 4:40
  Speaker 1: Insurance Soul See.
• 4:43
  Speaker 3: It's a good tagline.
• 4:45
  Speaker 5: It's a great tag Li's.
• 4:46
  Speaker 4: Like a mystery tagline like crime podcasting really in so
• 4:50
  Speaker 4: like maybe they're playing off on that.
• 4:51
  Speaker 3: Have you seen their ads? They're like little detective dude.
• 4:54
  Speaker 5: Oh my god. That ads are like a little little
• 4:56
  Speaker 5: movie that.
• 4:56
  Speaker 4: Really would That's why we're working with them.
• 4:59
  Speaker 5: We love your budget Direct.
• 5:00
  Speaker 1: Now, speaking of TV, obviously you're a huge Kimmy Kay
• 5:04
  Speaker 1: and Pete Davison fan, Victoria, But.
• 5:06
  Speaker 3: What about me made that obvious?
• 5:08
  Speaker 1: Well, the fact that you always watch every reality show
• 5:12
  Speaker 1: under the sun as we and I only ever.
• 5:13
  Speaker 3: Wear skims and easy.
• 5:15
  Speaker 5: Well, that Chanel bag that you've got next to you,
• 5:17
  Speaker 5: that's very kardashi down, sir.
• 5:19
  Speaker 4: We are trying to be relatable. That was a splurch
• 5:24
  Speaker 4: that I still feel good.
• 5:24
  Speaker 5: Itself moment, and you've deserved it.
• 5:26
  Speaker 1: But I'm thinking, okay, because obviously Kim kardashily and got
• 5:29
  Speaker 1: a heap of money. Pete Davidson got his own money
• 5:31
  Speaker 1: as well. But when is that perfect time? And how
• 5:34
  Speaker 1: do you start bringing up money with a brand new partner?
• 5:37
  Speaker 4: Is Kim k really the one that we have this
• 5:39
  Speaker 4: conversation about, Like that is so unrelatable?
• 5:41
  Speaker 5: She's a billionaire, do you reckon?
• 5:43
  Speaker 4: They get to check out at like the supermarket on
• 5:45
  Speaker 4: a Thursday evening, They're like, oh, we'll cook this for
• 5:47
  Speaker 4: dinner when we get home, and then they like argue
• 5:48
  Speaker 4: with their cards like every other mormal.
• 5:50
  Speaker 5: Oh it's a kind sorry, it's fine.
• 5:53
  Speaker 2: Billions. On the other line, I.
• 5:54
  Speaker 4: Didn't transfer any cash over Oh no, sorry, but that's different, right,
• 5:59
  Speaker 4: Their level of wealth is so significantly different.
• 6:01
  Speaker 3: But it is kind of awkward talking about money if
• 6:03
  Speaker 3: you're in a.
• 6:04
  Speaker 4: Couple or you're like dating somebody new, because you can't
• 6:07
  Speaker 4: just put your hand up and be like, what do
• 6:08
  Speaker 4: you earn?
• 6:09
  Speaker 3: That's weird.
• 6:09
  Speaker 5: Could you do it on the first date?
• 6:11
  Speaker 6: Nah?
• 6:11
  Speaker 5: Now you could. I would do it on the first date.
• 6:13
  Speaker 2: Would you go?
• 6:13
  Speaker 3: How would you ask pitch?
• 6:15
  Speaker 5: It's a if you were making a good amount of money,
• 6:17
  Speaker 5: you would, But if you weren't making good money, you
• 6:18
  Speaker 5: wouldn't bring it up. That's the difference.
• 6:20
  Speaker 4: Yeah, But like, I just want to know what your
• 6:22
  Speaker 4: money story is and how it works, and I guess
• 6:24
  Speaker 4: that's what we'll get into today, right.
• 6:26
  Speaker 1: Yeah, And what kind of questions shouldn't you ask your
• 6:28
  Speaker 1: new partner?
• 6:29
  Speaker 4: Look, obviously I am, she's on the money and I
• 6:31
  Speaker 4: talk about this all the time. And I used to
• 6:34
  Speaker 4: be so awkward about money. Like when I met my partner,
• 6:37
  Speaker 4: I was in some pretty significant credit card debt and
• 6:40
  Speaker 4: personal debt because I was basically a genius. So it
• 6:43
  Speaker 4: got really awkward talking about money. But I think that
• 6:46
  Speaker 4: when you talk about it, we actually need to remove
• 6:48
  Speaker 4: ourselves from the here and now of what you earn
• 6:51
  Speaker 4: and what you're spending and actually just talk about like
• 6:53
  Speaker 4: money stories, which sounds a little bit fluffy, but I
• 6:57
  Speaker 4: promise it leans harder into fully.
• 6:59
  Speaker 3: Understand what's going on.
• 7:01
  Speaker 4: Right, Like, think about your mate who's always that stinge,
• 7:04
  Speaker 4: Like you know that guy, Yeah, but you go to
• 7:07
  Speaker 4: dumplings and they're like, well, actually I ate one less dumplings,
• 7:10
  Speaker 4: so iow fourteen dollars forty and else.
• 7:12
  Speaker 3: Yeah, okay, well poor Steve.
• 7:15
  Speaker 4: Anyway, that guy, let's like reframe it for a hot
• 7:19
  Speaker 4: second and go, well, maybe he's actually just frugal with
• 7:21
  Speaker 4: money because he grew up and he didn't have a
• 7:23
  Speaker 4: lot of it, and money makes him really anxious, and
• 7:25
  Speaker 4: he's actually just trying to, you know, deal with his
• 7:27
  Speaker 4: own anxieties around money.
• 7:29
  Speaker 3: That then makes you feel a bit of a mean person,
• 7:33
  Speaker 3: Thank you, mate.
• 7:34
  Speaker 2: So I think it's about sorry, Steve.
• 7:35
  Speaker 4: I think it's about understanding where you've come from, and like,
• 7:38
  Speaker 4: did you grow up talking about money, like not necessarily
• 7:41
  Speaker 4: asking what they earn or how much they should spend
• 7:43
  Speaker 4: on things, but rather hey, how did you speak about
• 7:46
  Speaker 4: money growing up? Well, if we're in a relationship, like
• 7:49
  Speaker 4: should we be fifty to fifty or should we be
• 7:51
  Speaker 4: splitting expenses based on what we earn? Like Trav obviously
• 7:54
  Speaker 4: earned so much more than I Joe. Yeah, so should
• 7:56
  Speaker 4: he be paying more of the bills? If we're in
• 7:58
  Speaker 4: a quote equitable relationship? And then we could try a
• 8:01
  Speaker 4: real big debate about equity versus equality in a relationship.
• 8:03
  Speaker 5: Yes, Itch Trap buys me a coffee before the show
• 8:05
  Speaker 5: every Saturday morning, So I don't know what's going on
• 8:07
  Speaker 5: with you, Victoria.
• 8:08
  Speaker 1: But no, But I think no matter what it is,
• 8:10
  Speaker 1: the most important thing that a lot of people don't
• 8:12
  Speaker 1: think about when they get into a relationship is just
• 8:15
  Speaker 1: being on the same page.
• 8:16
  Speaker 2: That's all it is.
• 8:16
  Speaker 5: Yeah, I just.
• 8:18
  Speaker 4: Want to open honest conversation, Like you don't need to
• 8:20
  Speaker 4: dive into the first date and be like, all right,
• 8:23
  Speaker 4: well who's paying for this and that and how does
• 8:25
  Speaker 4: it all work? But I think that money can actually
• 8:27
  Speaker 4: be really empowering, Like at the end of the day,
• 8:30
  Speaker 4: flip it, think about your partner, like you have no
• 8:33
  Speaker 4: idea what your new partner's financial circumstances are, and by
• 8:37
  Speaker 4: just talking about it kind of takes the pressure off.
• 8:39
  Speaker 4: If we're going on dates, like do they always have
• 8:41
  Speaker 4: to be fancy or do you really like dates where
• 8:43
  Speaker 4: we described pizza and eat it on the couch watching
• 8:45
  Speaker 4: movies like oh yeah yeah, so easy to lean into
• 8:49
  Speaker 4: trying to impress your new flame really early, and like
• 8:52
  Speaker 4: they might not even like that.
• 8:54
  Speaker 1: They might like spending their time on Facebook Marketplace either selling.
• 8:59
  Speaker 2: Oh yeah, or buying.
• 9:00
  Speaker 5: And you're talking my language.
• 9:02
  Speaker 3: Yeah that's where you met your partner.
• 9:03
  Speaker 1: I was hoping you weren't going to say that you
• 9:05
  Speaker 1: bought your partner of Facebook Tinder guys, are you on facetbook?
• 9:15
  Speaker 2: You need second friends?
• 9:20
  Speaker 6: All right?
• 9:20
  Speaker 1: On thirteen one six y five, we want to know
• 9:22
  Speaker 1: what did you score on Facebook Marketplace and how much
• 9:25
  Speaker 1: did you save?
• 9:26
  Speaker 2: Mitch, what do you reckon? The best thing you've scored is.
• 9:27
  Speaker 5: Many a thing. I'll tell you what. If I could
• 9:29
  Speaker 5: order food on Facebook Marketplace and I could all get
• 9:31
  Speaker 5: petrol on Facebook Marketplace, I would never be off Facebook Marketplace.
• 9:34
  Speaker 5: But recently I bought a milkroffer. I was actually telling you, Victoria,
• 9:37
  Speaker 5: I think we're talking about, like, oh, what what's the
• 9:39
  Speaker 5: best milk froffit again? On the Smeg.
• 9:43
  Speaker 4: Meg milk crotherer and I really like it. But the
• 9:45
  Speaker 4: real question here is why is Mitch Jury trying to
• 9:48
  Speaker 4: buy a milk frotherer that he can quite clearly afford. Instead,
• 9:52
  Speaker 4: you want someone's dank second to hand one with dry
• 9:55
  Speaker 4: brown milk in the place.
• 9:58
  Speaker 5: It's character happened, It's not, it's this is not character.
• 10:01
  Speaker 5: It's dried congealed milk in the corner. And I said,
• 10:04
  Speaker 5: is this hused? Because I had to zoom in and
• 10:06
  Speaker 5: see that you barely barely.
• 10:08
  Speaker 4: No, you can clean that like mine is pristine. Just
• 10:11
  Speaker 4: so you know if you come over, you can borrow it,
• 10:13
  Speaker 4: give it.
• 10:14
  Speaker 5: A little trial next, think you.
• 10:15
  Speaker 4: But like for a dude who spent seventeen thousand dollars
• 10:18
  Speaker 4: last year three.
• 10:20
  Speaker 3: Every show we do, it's all I've got.
• 10:23
  Speaker 4: We could also bring up the fact that you were
• 10:24
  Speaker 4: the cash coock one time, which wow.
• 10:26
  Speaker 5: Yeah, Okayjo're gonna start talk about your poo habits again.
• 10:28
  Speaker 1: No, no, no, because we need to ask people on thirteen
• 10:30
  Speaker 1: one o six five, what have you scored on Facebook Marketplace?
• 10:33
  Speaker 1: And how much have you saved? Richard's called us mate,
• 10:36
  Speaker 1: what did you score?
• 10:36
  Speaker 7: Well?
• 10:37
  Speaker 6: I scored two Recliner cheers and saved myself a fortune, all.
• 10:40
  Speaker 2: Right, Joey And what's a recliner?
• 10:42
  Speaker 1: Yeah?
• 10:43
  Speaker 6: They say, well, actually, I'm a therapist, so I use
• 10:46
  Speaker 6: it to counsel people so they kind of go back
• 10:48
  Speaker 6: and think about their mother or something like.
• 10:49
  Speaker 5: That as well.
• 10:52
  Speaker 4: Off, did you get an invoice like are you going
• 10:54
  Speaker 4: to claim it on tax as well?
• 10:56
  Speaker 6: Yeah, got an invoice that's also text seductible.
• 10:59
  Speaker 5: How much did you pay these two chairs? Richard?
• 11:01
  Speaker 6: So they were eight hundred dollars and they were as
• 11:04
  Speaker 6: new and they would have been eight thousand dollars.
• 11:05
  Speaker 2: What a grade for a chair? Wow?
• 11:08
  Speaker 4: Oh you know what I've seen that My nana is
• 11:10
  Speaker 4: totally into those. Lazy boy what about the chairs?
• 11:14
  Speaker 3: Absolutely raw?
• 11:15
  Speaker 5: Yeah?
• 11:16
  Speaker 1: Well yeah, all right, take it to your calls. Thirday
• 11:21
  Speaker 1: one A six five? What's the best bargain you've scored
• 11:23
  Speaker 1: on Facebook? Marketplace? Now? Z, you're a seller? What are
• 11:26
  Speaker 1: you selling?
• 11:27
  Speaker 2: So?
• 11:27
  Speaker 7: I sold a mobile phone on Marketplace?
• 11:31
  Speaker 5: Yeah?
• 11:31
  Speaker 3: Was it the iPhone six last week?
• 11:35
  Speaker 7: It was an iPhone eleven? And I made a profit
• 11:38
  Speaker 7: on it because I sold it for more than what
• 11:40
  Speaker 7: my payout was when I upgraded.
• 11:43
  Speaker 4: Oh yes, how did you work out the payout though?
• 11:47
  Speaker 6: Like?
• 11:47
  Speaker 4: Did you just calculate it and then chuck it on
• 11:49
  Speaker 4: Facebook Marketplace for more.
• 11:51
  Speaker 7: No, so I already had to pay my phone out
• 11:53
  Speaker 7: so I could upgrade, And then I had this spare
• 11:55
  Speaker 7: phone that I wasn't doing anything with, so I chucked
• 11:58
  Speaker 7: it on Marketplace for what it was worth in the
• 12:01
  Speaker 7: market at the time. And that was You know, you didn't.
• 12:04
  Speaker 3: Even stooge anyone. You are an angel, my friend.
• 12:07
  Speaker 4: Is it annoying? Fielding so many questions from people like, oh,
• 12:10
  Speaker 4: is it an iPhone? Can I have another photo of
• 12:12
  Speaker 4: your iPhone?
• 12:13
  Speaker 3: Because I feel like that's what they do.
• 12:15
  Speaker 7: I got to ask the things like can you send
• 12:16
  Speaker 7: me photos of what your battery health is? And does
• 12:20
  Speaker 7: the speaker on the phone work? And just really and
• 12:23
  Speaker 7: I had some scammers try and say I'm sending it
• 12:26
  Speaker 7: to my son that studying abroad.
• 12:28
  Speaker 5: Of course they.
• 12:31
  Speaker 4: Did you learn how to use the block button real quick?
• 12:33
  Speaker 3: Because I would have Oh.
• 12:35
  Speaker 5: Yeah, did you block a user by the name of
• 12:36
  Speaker 5: Mitch Cherry by any chance? Because I feel like I
• 12:39
  Speaker 5: probably would.
• 12:40
  Speaker 2: Have had also Hitch Murray as well.
• 12:43
  Speaker 5: Okay, thanks for the call. We got to end. Now
• 12:44
  Speaker 5: we're over to great to chat chat.
• 12:48
  Speaker 2: Hey, that was actually really fun.
• 12:49
  Speaker 4: Let's do more of that because I actually want to
• 12:51
  Speaker 4: hear more about people's blunders on Facebook marketplace. I also
• 12:54
  Speaker 4: really would like it if you guys blow up our
• 12:57
  Speaker 4: inbox with screenshots of terrible conversation you've had with people.
• 13:01
  Speaker 5: Yes, yes, perfect, and you.
• 13:03
  Speaker 4: Say yes and then they say thank you sir, like
• 13:05
  Speaker 4: I just want all of that.
• 13:07
  Speaker 5: Or Victoria. They could go, I've got this side and
• 13:08
  Speaker 5: I want to sell, but I don't have any experience. Mitch,
• 13:11
  Speaker 5: can you help me sid for maximum price? Yeah, and
• 13:16
  Speaker 5: I'll only take a fifty percent cut.
• 13:17
  Speaker 3: That's that is such a good win.
• 13:19
  Speaker 2: This is She's on the Money radio show. Guys, it
• 13:22
  Speaker 2: is time to do this.
• 13:25
  Speaker 5: Oh my god. The caller that we just had, we
• 13:27
  Speaker 5: should have asked if we could borrow I think it
• 13:28
  Speaker 5: was Richard his therapy chairs. Because this is kind of
• 13:31
  Speaker 5: like a little bit of therapy on the show.
• 13:32
  Speaker 1: We should get therapy chairs and get the microphones hanging down.
• 13:36
  Speaker 2: So we do it hanging down.
• 13:38
  Speaker 4: Bean bags, but they make too much noise, I'd.
• 13:40
  Speaker 5: Probably Yeah, not good for a radio show anyway.
• 13:43
  Speaker 3: Really get out of them.
• 13:46
  Speaker 6: Yeah.
• 13:46
  Speaker 5: I've just spent the night in a bean bag one
• 13:48
  Speaker 5: night because I couldn't get out. I just had to
• 13:49
  Speaker 5: commit to it.
• 13:50
  Speaker 2: It's Finney.
• 13:51
  Speaker 1: You know, we all have our problems, just like Sophie,
• 13:53
  Speaker 1: who sent us a message Mitch.
• 13:55
  Speaker 5: Yeah, Sophie hit us up on this. She's on the
• 13:57
  Speaker 5: money Instagram and she needed advice from Victoria. So she's asked.
• 14:01
  Speaker 5: My dad passed away six months ago, and I've just
• 14:03
  Speaker 5: recently discovered that he's left me a much bigger inheritance
• 14:06
  Speaker 5: than i'd expected. How good? That's good?
• 14:08
  Speaker 6: All up?
• 14:09
  Speaker 5: It's almost a million dollars. A bit nervous about what
• 14:12
  Speaker 5: to do with it rightly? So there are always new
• 14:15
  Speaker 5: stories of people getting a massive sum of money and
• 14:18
  Speaker 5: wasting and I really want to be wise with this inheritance.
• 14:20
  Speaker 5: What do I need to do?
• 14:22
  Speaker 2: Victoria?
• 14:22
  Speaker 5: Hell lash?
• 14:23
  Speaker 4: Do you know how common it is to actually blow
• 14:25
  Speaker 4: all that cash when you get an inheritance on what though,
• 14:28
  Speaker 4: on what life like? It just adds up so quickly.
• 14:31
  Speaker 4: Like imagine me if I turned around and said he's
• 14:33
  Speaker 4: a million barks, you'd be like, sweet, I'm going to
• 14:35
  Speaker 4: buy myself a house. I'm going to buy any yah,
• 14:37
  Speaker 4: going to take my friends overseas, Like there's so many
• 14:40
  Speaker 4: things that easily easily get over a million dollars, even
• 14:43
  Speaker 4: though that sounds like an incomprehensible amount of money.
• 14:46
  Speaker 3: And I say that because, as you.
• 14:48
  Speaker 4: Guys know, more legit financial advisor like legit as you say,
• 14:52
  Speaker 4: I mean you can actually you can look me up
• 14:54
  Speaker 4: on the financial advisor register and they'll tell you I'm legit.
• 14:57
  Speaker 4: But that's actually what I specialize in. So I do
• 14:59
  Speaker 4: a lot of lump some investment and inheritance advice. And
• 15:02
  Speaker 4: the number one thing I would say is sit on it,
• 15:04
  Speaker 4: don't make any decision, don't make any purchase, just.
• 15:07
  Speaker 2: Wait, put it high insurance.
• 15:09
  Speaker 3: What are you talking about? High insurance?
• 15:12
  Speaker 5: High interest, babe, And that's why you're the money expert.
• 15:18
  Speaker 4: Insurance always recommended. But I would absolutely be sitting on
• 15:23
  Speaker 4: it and taking a really big deep breath and going,
• 15:25
  Speaker 4: what do I actually want to achieve? Because so many
• 15:28
  Speaker 4: of us would just see this as big flashing lights
• 15:31
  Speaker 4: and go, oh my gosh.
• 15:33
  Speaker 3: I can afford to buy a house.
• 15:34
  Speaker 4: Outright, money win. You no longer have a mortgage, But
• 15:37
  Speaker 4: do you know what you have to do? You still
• 15:39
  Speaker 4: have to go to work each and every single day
• 15:41
  Speaker 4: to put table and pay the bills and do all
• 15:43
  Speaker 4: of those things you have whilst alleviating the fact that
• 15:46
  Speaker 4: you now don't have to pay rent or a mortgage,
• 15:48
  Speaker 4: you still have to have money coming in. So we
• 15:51
  Speaker 4: need to be looking at alternative investments. Because if we
• 15:54
  Speaker 4: flipped this right and said, all right, instead of buying
• 15:56
  Speaker 4: a property with your million bucks, we are going to
• 15:59
  Speaker 4: invest that really safely, really securely, at an average rate
• 16:02
  Speaker 4: of return of about seven and a half percent, which
• 16:04
  Speaker 4: is pretty conservative. Right, Yeah, thirty years from now, you're
• 16:07
  Speaker 4: going to have nearly ten million dollars. Oh Jesus, with
• 16:10
  Speaker 4: that ten million dollars, do you know what we could do.
• 16:13
  Speaker 4: We could pay off a mortgage, We could pay our
• 16:15
  Speaker 4: rent forever and never be constrained financially. Whereas if we
• 16:19
  Speaker 4: make short term decisions like going and buying a house
• 16:21
  Speaker 4: outright cause we're like, oh, we don't want to pay interest,
• 16:23
  Speaker 4: we don't want to pay that mortgage you go, is
• 16:26
  Speaker 4: that actually putting you in the best possible position. So
• 16:28
  Speaker 4: we need to look at what that looks like holistically,
• 16:31
  Speaker 4: at the same time as being back to Victoria divine
• 16:34
  Speaker 4: fluffy mode, being really respectful of that money, Like your
• 16:38
  Speaker 4: dad he wants to be here, you want him to
• 16:41
  Speaker 4: be here. We would easily trade a million bucks to
• 16:43
  Speaker 4: get your dad back in a heartbeat. But this is
• 16:45
  Speaker 4: the next best thing, right, how do we honor that
• 16:48
  Speaker 4: and create the life that you deserve to live to
• 16:51
  Speaker 4: make sure he's still I guess living via legacy through you,
• 16:55
  Speaker 4: and I think that that's where we really need to
• 16:57
  Speaker 4: think about it. And it goes back to the advice
• 16:58
  Speaker 4: of just sit on it, don't make any rush decisions,
• 17:01
  Speaker 4: make a decision that works for you.
• 17:03
  Speaker 5: Welcome to the Church of Victoria, Divine Preacher, Baby. That
• 17:06
  Speaker 5: was good advice. Is their food and oh.
• 17:10
  Speaker 4: Yeah, absolutely, but like bigger cups.
• 17:12
  Speaker 1: Bigger I mean I was in until you said you
• 17:15
  Speaker 1: were going to see But for those of us who
• 17:18
  Speaker 1: haven't inherited a million bucks, how about we do Super
• 17:21
  Speaker 1: Savior Saturday with Victoria. You can give us some sneaky
• 17:24
  Speaker 1: tips on how to keep more bucks in our bank account.
• 17:26
  Speaker 3: We can.
• 17:27
  Speaker 5: It's tax edition and of financial year, so last.
• 17:31
  Speaker 4: Week because I had too many tax tips, so hopefully
• 17:33
  Speaker 4: I can get at least three out this day.
• 17:35
  Speaker 2: This is She's on the Money radio show. Guys.
• 17:38
  Speaker 1: It's our favorite time of the week because it's time
• 17:40
  Speaker 1: for this Saturday tax edition.
• 17:44
  Speaker 5: First, everyone saying happy. Are your first everybody the end
• 17:49
  Speaker 5: of financial year for the rest of June this well,
• 17:53
  Speaker 5: she's on the Money radio show about right, we're going
• 17:55
  Speaker 5: to be giving you tax tips to help you save
• 17:58
  Speaker 5: some money ahead of the end of finance You last year,
• 18:00
  Speaker 5: Trav and I got the cobweb started to grow Victoria
• 18:03
  Speaker 5: when on a rant. So many tips, let's make them
• 18:05
  Speaker 5: fun tips, be nice.
• 18:07
  Speaker 3: All my tips are fun.
• 18:08
  Speaker 5: You're right, you're right, and give us a tip. Stump
• 18:10
  Speaker 5: me to tip number one.
• 18:11
  Speaker 3: All right.
• 18:12
  Speaker 4: Tax tip number one for this week is absolutely the
• 18:15
  Speaker 4: episome of twenty twenty one twenty twenty two financial year,
• 18:19
  Speaker 4: and that is the government announced in February that COVID
• 18:23
  Speaker 4: nineteen testing expenses are now tax deductible for tests that
• 18:26
  Speaker 4: are required for you.
• 18:27
  Speaker 3: To go to work.
• 18:28
  Speaker 5: Good like rats, yeah, rats, rats a tip I can
• 18:32
  Speaker 5: get around Victoria.
• 18:33
  Speaker 4: Exactly and the next obviously very twenty twenty one cost
• 18:37
  Speaker 4: edition tax tips home and office expenses. So if you're
• 18:41
  Speaker 4: working from home, which is ninety nine point ninety five
• 18:43
  Speaker 4: percent of us, you can actually claim some of the
• 18:46
  Speaker 4: office expenses that you incurred, like internet and your electricity
• 18:50
  Speaker 4: and the heating because like through winter and we're all
• 18:53
  Speaker 4: in iso at home trying to keep warm. At least
• 18:55
  Speaker 4: you're going to get some of that back.
• 18:56
  Speaker 2: You'd so be an uti kind of girl with the
• 18:58
  Speaker 2: heater craked up.
• 18:59
  Speaker 4: I'm not alady kind of goal. Do you know what
• 19:01
  Speaker 4: type of galley am though? The electric throw blanket?
• 19:04
  Speaker 2: Oh yeah, get it?
• 19:08
  Speaker 5: I love it.
• 19:08
  Speaker 4: I don't want to have to redo my heat. Weat
• 19:11
  Speaker 4: packing the microwave for three minutes every hour.
• 19:13
  Speaker 2: Let's be honest. Steve does that your partner?
• 19:15
  Speaker 3: Yeah, chop, chop back to it.
• 19:16
  Speaker 4: The other one is work clothing, So if you've had
• 19:19
  Speaker 4: to buy repair, higher purchase, foot beare, whatever it is
• 19:23
  Speaker 4: for your job that is related to your uniform, you
• 19:26
  Speaker 4: could very well claim that.
• 19:27
  Speaker 3: And then also just being a little bit selfless.
• 19:30
  Speaker 4: Is it selfless when you claim your charitable donations?
• 19:34
  Speaker 1: Yeah?
• 19:34
  Speaker 2: Facts, that's a dog act.
• 19:36
  Speaker 4: Yeah, I mean you can do it anything about two dollars.
• 19:38
  Speaker 4: You can actually pop on your tax return and get
• 19:41
  Speaker 4: a cheeky little cash back. But I'm like, what kind
• 19:43
  Speaker 4: of person gives money away to then claim it.
• 19:45
  Speaker 3: On tax now?
• 19:46
  Speaker 5: Because the money all still goes to the charity. The
• 19:48
  Speaker 5: charity don't give any of it back. It's just the government.
• 19:50
  Speaker 4: That's okay, we will take the government's money. Then. Also,
• 19:53
  Speaker 4: day everything that just showing everybody that I'm like, not
• 19:55
  Speaker 4: rich rich, because if you're rich, Riach, you do make
• 19:58
  Speaker 4: taxable deductions and like donation in line with tax and
• 20:01
  Speaker 4: I'm like, I'm not there yet.
• 20:02
  Speaker 3: I made like five dollars to the Salvos.
• 20:04
  Speaker 1: I don't know about you, Mitch, but I thought it
• 20:06
  Speaker 1: was going to be super boring tax stuff.
• 20:08
  Speaker 2: But this is stuff I would actually use.
• 20:10
  Speaker 4: Can you please let me get back into it though. Also,
• 20:12
  Speaker 4: if you're a landlord and you do like home improvements
• 20:15
  Speaker 4: and stuff, do you know what is categorized according to
• 20:17
  Speaker 4: the ATO as a home improvement? Yeah, putting a gnome
• 20:20
  Speaker 4: in the front garden.
• 20:21
  Speaker 2: Nome way, you are joking me.
• 20:25
  Speaker 5: We need to start selling She's on the money names
• 20:28
  Speaker 5: on the website nomes.
• 20:30
  Speaker 4: Let everybody know that you have like your little emergency
• 20:32
  Speaker 4: fund set up and that you don't send as much
• 20:35
  Speaker 4: as Mitchea the porcelain faces.
• 20:38
  Speaker 1: I only going to be doing it. Available on Facebook
• 20:42
  Speaker 1: market Play. Yes, Hey, we got to get out of here.
• 20:45
  Speaker 2: We'll catch you next week.
• 20:46
  Speaker 1: Until then, you can catch up with us anytime on socials,
• 20:50
  Speaker 1: just search she's on the money.