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FRIDAY DRINKS: Farewell Georgia King! · She's On The Money

0:00
Speaker 1: Hello.
0:01
Speaker 2: My name's Sanatasha Nabananga Bamblet. I'm a proud yr the Order,
0:05
Speaker 2: Kernie Whoalbury and a waddery woman. And before we get
0:08
Speaker 2: started on She's on the Money podcast, I would like
0:11
Speaker 2: to acknowledge the traditional custodians of the land of which
0:14
Speaker 2: this podcast is recorded on a wondery country, acknowledging the elders,
0:19
Speaker 2: the ancestors and the next generation coming through as this
0:23
Speaker 2: podcast is about connecting, empowering, knowledge sharing and the storytelling
0:28
Speaker 2: of you to make a difference for today and lasting
0:31
Speaker 2: impact for tomorrow.
0:33
Speaker 1: Let's get into it.
0:34
Speaker 3: She's on the Money, She's on the Money.
0:57
Speaker 1: Hello and welcome to George. Last episode of Friday Drinks.
1:04
Speaker 4: If we're going to screw up the start, it's gonna
1:06
Speaker 4: be for something good.
1:08
Speaker 1: And this is it. I mean it's not good, but
1:09
Speaker 1: we're sad. It's crazy.
1:12
Speaker 5: We're happy for you, yeah, sending you off with support
1:15
Speaker 5: and love, but very sad to see you go.
1:16
Speaker 4: Let me do the proper intro them well, yeah, God,
1:19
Speaker 4: Hello and welcomes On the Money the podcast Millennials who
1:23
Speaker 4: want financial freedom. You guys already know because it's Friday
1:26
Speaker 4: and we're in your ears that it is time to
1:28
Speaker 4: sit back with Jess, George and I for the last
1:31
Speaker 4: time to do a Friday Drinks episode. It has been
1:34
Speaker 4: an absolute joy. We're not going anywhere, just nice daying,
1:37
Speaker 4: but we're just sad to lose our power, you know,
1:39
Speaker 4: like we'll still hang out at brunch, but she's just
1:41
Speaker 4: not going to come to recording. But on this episode,
1:44
Speaker 4: we get to unpack our favorite moments of the week,
1:46
Speaker 4: and we also get to celebrate our community, which is
1:48
Speaker 4: our favorite thing in the entire world. We're going to
1:51
Speaker 4: share our favorite money wins or George for the very
1:53
Speaker 4: last time, is going to share her roundup of the
1:56
Speaker 4: money wins and confessions from the community. We're going to
1:58
Speaker 4: discuss what's making news in the fun world, and I
2:00
Speaker 4: believe it involves chatting about Balley, which I think is
2:03
Speaker 4: just genuinely George's idea of gloating about a holiday she
2:06
Speaker 4: recently went on. And we're going to be answering a
2:08
Speaker 4: juicy money question about loans and debt.
2:10
Speaker 1: But before we jump into all.
2:12
Speaker 4: Of that, let's recap the week that was Miss Jess Gricci.
2:15
Speaker 4: What happened on our Monday show.
2:17
Speaker 5: This week's Diarist was an interesting one. We were talking
2:20
Speaker 5: all about her experience with IVS, which is something we
2:23
Speaker 5: get asked about actually quite a bit on the podcast,
2:26
Speaker 5: so it was really cool to see a little bit
2:29
Speaker 5: more into her journey. She spent over a hundred thousand
2:32
Speaker 5: dollars on IVF and she has three beautiful children now,
2:35
Speaker 5: which is just incredible. She said that she grew up
2:38
Speaker 5: not talking about money a whole lot, so it was
2:41
Speaker 5: really interesting to hear about how that journey kind of impacted,
2:45
Speaker 5: how she managed to get one hundred thousand dollars to
2:48
Speaker 5: spend and how she's then managing that as a parent
2:50
Speaker 5: of three, which is definitely not a cheap experience to
2:53
Speaker 5: be having.
2:54
Speaker 1: And Georgia King what happened on our Wednesday show.
2:57
Speaker 6: On Wednesday, we spoke all about about tenants rightsphae D,
3:02
Speaker 6: which was super juicy because the majority of people in
3:05
Speaker 6: the Shees on the Money community are renters. Based on
3:08
Speaker 6: the data, we know that to be true. We thought
3:11
Speaker 6: it was time and we've also had a lot of
3:12
Speaker 6: messages asking for it to do an episode on what
3:15
Speaker 6: our rights actually are as tenants, and it was so interesting.
3:20
Speaker 6: I've had a few chats with Jess this year, who
3:23
Speaker 6: previously worked in property, and she had so many insights
3:26
Speaker 6: for me as to how mistreated I was being as
3:30
Speaker 6: a little tenant.
3:31
Speaker 4: Yeah, you've both had a rough go of it this year,
3:34
Speaker 4: but I least so everyone. Yes, I think that I
3:37
Speaker 4: own a property. We moved out while we renovated.
3:41
Speaker 5: Not grace.
3:43
Speaker 1: Interesting.
3:44
Speaker 4: Interesting, I'm honest to god, I probably should be asking
3:47
Speaker 4: for a refund for most of that rent, but I
3:48
Speaker 4: haven't done that.
3:49
Speaker 2: Ye.
3:49
Speaker 6: So Yeah, if you are someone who rents, it's a
3:53
Speaker 6: really good episode because we go through everything from like
3:56
Speaker 6: bond returns to how often and how much your landlord
4:00
Speaker 6: can increase your rent by. There was just so so
4:03
Speaker 6: much detail in there, so I'd really recommend it if
4:05
Speaker 6: you are someone who rents, if you know someone who rents,
4:08
Speaker 6: really good episode for that.
4:09
Speaker 5: And while there is definitely some national rules, which is
4:11
Speaker 5: what you guys covered, it also varies a lot state
4:13
Speaker 5: by state, so we cannot recommend it enough. If you
4:17
Speaker 5: feel like you're being taken advantage of, or even if
4:19
Speaker 5: you just feel like something's a little bit not kosher,
4:22
Speaker 5: a little bit off, jump on your state government website,
4:24
Speaker 5: because I can guarantee you that there will be a
4:26
Speaker 5: tenant or a rental or some kind of governing body
4:29
Speaker 5: that will have all of the laws that are applicable
4:31
Speaker 5: to your state. Jump on there, know what's right and
4:34
Speaker 5: wrong because if something is wrong, you can do something
4:36
Speaker 5: about it.
4:37
Speaker 4: Yeah, and I know that this is not like the
4:39
Speaker 4: most linear recommendation. It totally is linear, but I think
4:42
Speaker 4: not the most kosher recommendation because you can't take anything
4:45
Speaker 4: that you get in a Facebook group as gospel. But
4:47
Speaker 4: pop on over to the Property Playbook group and you
4:50
Speaker 4: can post your question in there if you're just not sure,
4:52
Speaker 4: because those.
4:53
Speaker 1: People are passionate about property.
4:55
Speaker 4: And I have seen so many people jump in and
4:56
Speaker 4: be like, all right, Georgia, sit down, So these are
4:58
Speaker 4: your rights. This is the research done before I had
5:00
Speaker 4: this exact issue, and they can kind of point you
5:02
Speaker 4: in the right direction.
5:04
Speaker 1: And I feel like they're really supportive.
5:05
Speaker 4: So if you are a bit worried, like one, search
5:08
Speaker 4: that group first, because I guarantee a question similar has
5:11
Speaker 4: probably been asked already. But two definitely popperty and if
5:14
Speaker 4: it hasn't, so head on over there. All right, Georgia King,
5:17
Speaker 4: It's time for our budget direct money wins and Confessions
5:19
Speaker 4: of the week.
5:19
Speaker 1: What have you got for us?
5:20
Speaker 6: So the first one it comes from Ashley Money Win,
5:24
Speaker 6: a construction company. It's spilt cement dust all over my car.
5:28
Speaker 6: That doesn't sound like a win and I got to.
5:30
Speaker 1: Pay out worth more than the vehicle itself. Oh my gosh.
5:33
Speaker 5: Yes, that's actually really funny because a friend of mine
5:36
Speaker 5: works in construction and he worked on a site in
5:39
Speaker 5: the CBD and he was telling me that it's a
5:42
Speaker 5: big building.
5:44
Speaker 1: Through your friend did it.
5:45
Speaker 5: There's heaps of crews working at once, and he said
5:47
Speaker 5: he saw the concretes, like just somehow lose control of
5:51
Speaker 5: this big funnel thing that's spraying concrete and all over
5:54
Speaker 5: the road. I wonder if that's the same people.
5:57
Speaker 1: It could have been the same incident in your friend.
6:00
Speaker 1: Our community's next money win.
6:02
Speaker 6: The next win it comes from Kimberly Small money Win.
6:05
Speaker 6: I finally got my Canva account canceled and the fees
6:10
Speaker 6: refunded for the last few months. Try and say Canva
6:13
Speaker 6: account canceled fast? Yeah, I didn't know you had to
6:16
Speaker 6: pay for Canva?
6:17
Speaker 1: Is that for like a like a pro subscription?
6:20
Speaker 4: We have one because we make a lot of our
6:22
Speaker 4: convat but why did we want to refund it? Was
6:27
Speaker 4: there any more information or she'd just been working towards
6:29
Speaker 4: this goal and actually canceled it because she wasn't using it.
6:32
Speaker 6: I think that's that's all all right. That's a that's
6:34
Speaker 6: a good tip on your Kimberly. The next weein, it
6:36
Speaker 6: comes from Kira money Win. KitchenAid mixes went on clearance
6:41
Speaker 6: at the Good Guys Clearance and I managed to pick
6:43
Speaker 6: up my dream mixer for two hundred and twenty five dollars.
6:46
Speaker 1: Less than usual.
6:48
Speaker 7: Yeah, what you were doing?
6:52
Speaker 6: When I read it, I was like two twenty five
6:53
Speaker 6: dollars but still good.
6:55
Speaker 4: Got it for free with Yeah, that's very true. Why
6:58
Speaker 4: don't you trump one of our comm member?
7:01
Speaker 1: That was a great win, Kira. I'm sorry to do
7:03
Speaker 1: that to you. Well done before it was nasty.
7:07
Speaker 6: The next week and it comes from Lauren money Win
7:09
Speaker 6: free beer. I went to a beer festival and as
7:13
Speaker 6: it turns out, my ex was working at one of
7:15
Speaker 6: the breweries. We set our hellos and then his boss goes,
7:19
Speaker 6: feel free to give your friends some drinks, and suddenly
7:22
Speaker 6: I went to see my ex several times that day.
7:28
Speaker 4: Hear of your exes give you free beers because I
7:30
Speaker 4: don't know if that's how.
7:31
Speaker 1: My relationship maybe, well, maybe i'd give you.
7:35
Speaker 6: A free beer because we're about to be exes.
7:43
Speaker 1: We were staying.
7:44
Speaker 6: Friends the next wee and it comes from Jody. My
7:47
Speaker 6: health insurance gave me fifty six dollars back worth of
7:51
Speaker 6: premiums as a thank you for sticking with them throughout COVID. Nice, small,
7:55
Speaker 6: but fabulous win. We love little bonuses like that, don't we?
7:58
Speaker 4: We do.
7:58
Speaker 6: The final money win of the week is from Kate.
8:02
Speaker 6: I was looking at buying some linen sheets and quilt
8:05
Speaker 6: sets are around four hundred dollars all up, But then
8:08
Speaker 6: I just checked the Elder Special Buyers and they have
8:11
Speaker 6: linen sheets slash quilt sets for two hundred dollars ish
8:14
Speaker 6: all up.
8:15
Speaker 1: This week, riddle me something ELDI can't do. Oh please.
8:19
Speaker 1: A few weeks ago I bought what did I buy?
8:22
Speaker 1: A coffee machine? They have very good vegan ice cream
8:26
Speaker 1: that middle.
8:27
Speaker 5: They have a really they do waffle fries from Curly Fries,
8:31
Speaker 5: which are.
8:32
Speaker 1: Very hard to find. In case anyone's ever tried, I.
8:34
Speaker 4: Can imagine you being a fan of both of those things.
8:37
Speaker 4: I also bought my ski undergarments from there, so my anmals. Yeah,
8:41
Speaker 4: every year obviously not this time a few it's a
8:43
Speaker 4: bit warm at the moment, become I think June or
8:46
Speaker 4: I think it's June. They do like their ski sale
8:48
Speaker 4: and their stuff is so good and so cheap like
8:51
Speaker 4: thermals like thirty bucks money win like, Yeah, Eldie got
8:54
Speaker 4: a lot on Patagonia except for the environmental stuff.
8:58
Speaker 1: That is it for the week. That's all you've got.
9:01
Speaker 5: You did a good.
9:02
Speaker 1: Round up though.
9:03
Speaker 4: I'm very proud of you, all right, gee, as always,
9:05
Speaker 4: it has been fantastic celebrating some of your budget direct
9:08
Speaker 4: money wins. Budget Direct winner of Kanstar's Insurer of the
9:11
Speaker 4: Year Award twenty twenty two. Budget Direct Insurance solved. All right,
9:15
Speaker 4: let's go to a really quick break, and after the break,
9:17
Speaker 4: we're going to answer a question from our friend Brittany,
9:19
Speaker 4: who has a question around loans and debts, and we
9:22
Speaker 4: are also going to talk.
9:23
Speaker 1: About Bali, not just Georgia King's holiday. Don't go anywhere,
9:32
Speaker 1: all right, guys.
9:33
Speaker 5: So, as we've heard, George spent a beautiful couple of
9:37
Speaker 5: weeks on the crisp golden sands of Bali. Did to
9:40
Speaker 5: have a good time golden but all right, I haven't
9:43
Speaker 5: been so unfortunately.
9:45
Speaker 1: No, it's gorgeous. It's so nice over there whereabouts in Bali?
9:48
Speaker 6: Did you go testing me? We went to Changu, Semenyak
9:52
Speaker 6: and Uberod. Changu is the new coutera guys Chang.
9:57
Speaker 1: Everyone talks about it.
9:58
Speaker 4: I have been to Semenyak, Adore, Seminiac, so many good restaurants.
10:02
Speaker 4: But also last time I went to Bali, I went
10:04
Speaker 4: to Ubud and basically became a yogi.
10:06
Speaker 1: That is exactly what I did as well.
10:08
Speaker 4: I love it so many Asai balls, But that's not
10:10
Speaker 4: what we're here to talk about.
10:12
Speaker 5: You might be interested to know. Actually, then George is
10:14
Speaker 5: just going to become a full time circling it around
10:17
Speaker 5: because Bali have recently implemented a tax free visa for
10:21
Speaker 5: Ossie tourists, which is pretty cool. So a little bit
10:24
Speaker 5: more info for you in case you're interested. They've got
10:27
Speaker 5: the new B two one one, a digital nomad visa
10:30
Speaker 5: which allows.
10:31
Speaker 1: Australia makes a lot of sense to me.
10:32
Speaker 5: Yeah, which different to the B six Yeah, which is
10:36
Speaker 5: just an It will allow Australians to live and work
10:40
Speaker 5: in Bali for six months tax free, and apparently there's
10:44
Speaker 5: a five year version in the works as well. Bali
10:47
Speaker 5: previously was kind of home to a lot of digital nomad's,
10:50
Speaker 5: people who run their own businesses or do online courses
10:53
Speaker 5: or Yogi retreats or all those kinds of things, because
10:55
Speaker 5: it is a beautiful country that's very close to us here.
10:58
Speaker 5: The cost of living is obviously significantly lower than the
11:01
Speaker 5: cost of living here. But as we've spoken about on
11:03
Speaker 5: the pot before, if you're traveling internationally, if your business
11:06
Speaker 5: is registered here, you're paying money to tax right here. However,
11:11
Speaker 5: you know, if you register your business over there, it's
11:14
Speaker 5: tax free for six months, maybe five years, if they
11:16
Speaker 5: get that across the line and get to live in Bali,
11:18
Speaker 5: which sounds like absolute drink to me.
11:20
Speaker 6: And to me, my girl, I can anyone think of
11:23
Speaker 6: a business idea for me to take over there?
11:25
Speaker 1: Oh? My right, copies of the money. She's on the money, girl.
11:29
Speaker 1: Didn't you do a workshop over there or something?
11:31
Speaker 2: Yeah?
11:32
Speaker 4: I've done some No, no, no, I mean it technically was
11:34
Speaker 4: me taking work over seas.
11:35
Speaker 1: I've had to pay tax on that income. What a joke. Yeah,
11:38
Speaker 1: I ran some workshops in Bali a long time. Ago.
11:40
Speaker 1: I'm impressed that you remembered. That stuck out to me.
11:43
Speaker 1: It was way back when.
11:44
Speaker 4: I think it was like twenty eighteen or so, back
11:46
Speaker 4: when She's on the Money wasn't even properly born yet.
11:49
Speaker 4: I was doing Shees on the Money workshops and was
11:51
Speaker 4: invited over there to run workshops for a leadership forum,
11:54
Speaker 4: and it was a lot of fun. The only thing
11:56
Speaker 4: I will say, as someone who prides themselves on having
11:59
Speaker 4: nice the humidity does not agree with me. Is not
12:03
Speaker 4: great and my skin goes terrible. But you know, if
12:06
Speaker 4: I'm not paying tax, maybe that's the price you pay.
12:09
Speaker 6: If I went over there and was like, I'm creating
12:11
Speaker 6: my own podcast all about money after that hostly not
12:14
Speaker 6: if called George's on the Money, It's.
12:16
Speaker 1: Called George's on the Money, watch out for it. Is
12:17
Speaker 1: why she's leaving us. I can't tell you much, but
12:19
Speaker 1: come along.
12:20
Speaker 6: If I had sponsors back from Australia, I wouldn't have
12:23
Speaker 6: to pay tax on that is right.
12:24
Speaker 2: See.
12:25
Speaker 4: The problem with that is obviously you would have to
12:27
Speaker 4: register yourself in Indonesia as someone who is living there
12:31
Speaker 4: and paying tax there. Australia would no longer be the
12:34
Speaker 4: place that you're paying tax or generating an income. So obviously,
12:37
Speaker 4: if you're in Australia and you work for a company
12:38
Speaker 4: that enables you to work, you know, from wherever you want.
12:41
Speaker 4: You can't just go to Bali and then earn income
12:44
Speaker 4: tax free.
12:45
Speaker 1: That's not going to work.
12:46
Speaker 4: It will probably either have to be negotiated or you'll
12:48
Speaker 4: have to have an employment contract in Bali to make
12:51
Speaker 4: that work. So there's lots of semantics and you can
12:53
Speaker 4: jump online and find them out. However, I just like
12:56
Speaker 4: the idea that they're trying to promote more tourism coming back.
13:00
Speaker 4: Obviously COVID hit them pretty hard. Tourism was their biggest
13:04
Speaker 4: income generator, and now they're trying to get people from
13:06
Speaker 4: around the globe to come and you know, set up
13:08
Speaker 4: shop and bring it back because Balie's a gorgeous place.
13:11
Speaker 1: It's a gorgeous place.
13:12
Speaker 5: They estimate that it will create four point four million
13:15
Speaker 5: jobs without taking any away from local residents, which I
13:17
Speaker 5: think is a huge Yes, very exciting bit of a
13:21
Speaker 5: short one, but a fun one this week, irrelevant for you, George.
13:24
Speaker 4: That's why we picked it. Yes week's all about Georgia
13:26
Speaker 4: and it's George's last episode. But before we get to
13:28
Speaker 4: answering the question from our listener, Gee, how are you
13:31
Speaker 4: feeling a little bit weird?
13:34
Speaker 6: I mean, yeah, it's emotional, but it's exciting. It's just
13:38
Speaker 6: it's a bit of a strange feeling. I feel like
13:40
Speaker 6: tomorrow when I wake up, it'll be it'll be really
13:43
Speaker 6: Dobby's a free free olm, Dobby is a free elf.
13:50
Speaker 1: Well, he didn't know what to do with himself either. No,
13:52
Speaker 1: but he died.
13:53
Speaker 2: Let's not.
13:56
Speaker 1: Wat not a great you are like a beautiful bushy fly.
14:03
Speaker 1: You have to leave that in that. I'm really sorry, Georgia. No,
14:07
Speaker 1: I'll see you around. You're still around. You'll see me around.
14:10
Speaker 1: And if you want to keep up with you, where
14:11
Speaker 1: can they find you?
14:12
Speaker 6: Great question at my extremely active social media page, I
14:16
Speaker 6: meant cheeking on tour?
14:18
Speaker 1: Okays, anyone ever wondered where that nickname came from?
14:20
Speaker 4: It was actually Instagram, which I believe came because my
14:24
Speaker 4: sister made it for you when you were literally on
14:26
Speaker 4: a Europe, when we were.
14:29
Speaker 1: On a Europe. It's a good story. Tell it's a
14:32
Speaker 1: good story.
14:32
Speaker 6: So I, surprise, surprise, was very late to Instagram. I
14:37
Speaker 6: didn't really get it. Still don't really, but we were
14:40
Speaker 6: just kind of taking the mickey, and you know, there's
14:42
Speaker 6: photos of me with like a beret next to the
14:45
Speaker 6: Eiffel Tower, holding like a small Eiffel tower, being like.
14:49
Speaker 1: Being a dickhead. So it kind of went from.
14:51
Speaker 6: There, and then it really didn't pro cross anywhere because
14:54
Speaker 6: I don't use social media, but maybe I'll try harder
14:57
Speaker 6: so that I can stay connected with you guys, and yes,
15:00
Speaker 6: stay connected with you the glorious shoes on the money community.
15:03
Speaker 6: As I mentioned when we announced that I was departing
15:06
Speaker 6: a few weeks ago. Now, it has been a great
15:09
Speaker 6: privilege and a great honor. I've loved doing it. It's
15:12
Speaker 6: been so special. I've learned a lot about money along
15:15
Speaker 6: the way as well. And yeah, just I guess a
15:18
Speaker 6: big thank you to everyone for listening and for giving
15:21
Speaker 6: me the privilege of.
15:23
Speaker 1: Being in your ears.
15:26
Speaker 4: Broke our DMS. When we announced it, people were unhappy.
15:30
Speaker 4: We were thinking maybe we'd have to go the right bodies.
15:34
Speaker 1: They were like, we don't want to be left with
15:35
Speaker 1: these guys.
15:36
Speaker 4: What are you doing geeking on tour but no keeping
15:39
Speaker 4: contact Obviously you're not going that far, just leaving the pod,
15:42
Speaker 4: which is really far away. But no, we are so
15:44
Speaker 4: grateful that you have been on the journey. I've said
15:46
Speaker 4: it all to you before. I don't want to cry.
15:47
Speaker 4: I will get really upset because I get really, really
15:49
Speaker 4: emotional about stuff like this. But it has been an
15:51
Speaker 4: absolute privilege sharing the last three years on the pod
15:54
Speaker 4: with you.
15:55
Speaker 1: I was checking up and yes, thanks to Victoria.
15:59
Speaker 2: Corner.
16:00
Speaker 1: It's not sad you're still I know.
16:03
Speaker 5: I'm very excited for you, but obviously we'll miss you
16:05
Speaker 5: so so so much.
16:08
Speaker 6: And yeah, thank you to Victoria and Jess for making
16:10
Speaker 6: it such a brilliant experience. And I love you both,
16:13
Speaker 6: and stay in touch.
16:15
Speaker 1: Don't forget me. We're not gonna forget you.
16:18
Speaker 4: But you think that your social media is where we're
16:20
Speaker 4: going to keep in contact. Like anybody who knows Georgia,
16:23
Speaker 4: you just don't bother now.
16:24
Speaker 5: Alex told me you were meant to change your name
16:26
Speaker 5: to jeeking at home, and you just never did.
16:28
Speaker 1: Any jeeking on at home.
16:34
Speaker 4: It's actually the best thing ever because I'll be like, oh, yeah,
16:36
Speaker 4: that thing we did on Instagram, and George will be like, yes,
16:39
Speaker 4: that thing you did on the Instagram.
16:42
Speaker 1: I don't like my nine year old Grandma, it's my favorite. Alright, alright,
16:47
Speaker 1: let's get back into the show that people want. A
16:49
Speaker 1: listener question, what have we got?
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Speaker 8: Hi?
16:53
Speaker 6: There have you got up money dilemma? You just can't
16:55
Speaker 6: solve that. She's on the Money Team is here to help.
16:58
Speaker 6: Every week we tackle your both big and small to
17:01
Speaker 6: answer your most burning money, career and life questions. To
17:05
Speaker 6: get involved, simply head to our website and leave us
17:07
Speaker 6: a quick voice recording and you may just find yourself
17:09
Speaker 6: on the show. Now, let's take a listen to today's
17:12
Speaker 6: money dilemma.
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Speaker 8: Hi, I'm a twenty three year old who has just
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Speaker 8: finished UNI. I'm finally working my dream job making some
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Speaker 8: quite good money considering. However, when I was at UNI,
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Speaker 8: I tried to live it but my means quite significantly
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Speaker 8: and got out. Zip pays Zip money after paying nimbles
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Speaker 8: anything to try to pay my bills and pay my
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Speaker 8: car loan and my rent. So now that I'm making
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Speaker 8: this amazing money as a new grad, I'm still left
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Speaker 8: with next to nothing trying to repay all of these
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Speaker 8: silly little loans. So please help me dig myself out
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Speaker 8: of this hole. How do I have more financial freedom
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Speaker 8: and have more control over my money and so I
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Speaker 8: don't ever do that again.
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Speaker 2: Help.
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Speaker 4: This is so common and I was talking to you
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Speaker 4: about this the other day, actually, Jess, where you go
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Speaker 4: from being a rich UNI student to a broke professional.
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Speaker 4: And it's an interesting juxtaposition because I think that when
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Speaker 4: we UNI students be like Yolo, it doesn't matter. I
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Speaker 4: don't need to save or I don't need to do this,
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Speaker 4: so I'll just do it when I have a career,
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Speaker 4: or do it when I.
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Speaker 1: Have a full time income.
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Speaker 4: Then you get your full time income and you're like
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Speaker 4: paying the debts for the decisions you made during university.
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Speaker 1: And I say that because that's what I did.
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Speaker 4: Yeah, slippery slope, I totally understand it. But I think
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Speaker 4: now is the time to really just take hold of
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Speaker 4: your budget and your cash flow.
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Speaker 1: I can't emphasize it more.
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Speaker 4: I need you to sit down, every single person and
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Speaker 4: understand how much money is coming in, how much money
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Speaker 4: is going out, what do your debts look like. I
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Speaker 4: have no idea of you know, the cumulative debt that
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Speaker 4: you're in or where they're all sitting. But if you've
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Speaker 4: got a number of different buy now, pay later companies,
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Speaker 4: having a look at which ones have you know, the
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Speaker 4: highest fees or the highest amount of exit fees and
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Speaker 4: paying the big ones off first. But we also did
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Speaker 4: an episode talking about debt reduction where we discuss the
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Speaker 4: differences between.
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Speaker 1: The snowball method and the avalanche method.
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Speaker 4: I would absolutely go back and listen to that and
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Speaker 4: decide what strategy works for you. I also would recommend
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Speaker 4: keeping track of it, like get a chart, write a
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Speaker 4: list of where you're going to be at, make goals
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Speaker 4: so that you know, all right, well, I know that
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Speaker 4: I can contribute fifty dollars a week to this. If
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Speaker 4: I do that, by December, I'm going to be out
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Speaker 4: of debt, or by you know, January, I'm going to
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Speaker 4: be out. It's one of those things where create a
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Speaker 4: goal because then you feel like you're working towards something
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Speaker 4: and actually track it because you feel like you're.
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Speaker 1: On the way.
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Speaker 4: Jess, you've been in debt before. How did you feel
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Speaker 4: getting out of it?
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Speaker 2: Ah?
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Speaker 5: I think I said before. It was a huge weight
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Speaker 5: off of my shoulders. It was simultaneously the best feeling
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Speaker 5: ever and the most underwhelming experience of my life. Like
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Speaker 5: the finally going into the bank and closing the card
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Speaker 5: and being like it's done, it's gone.
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Speaker 1: Where's my parade? Don't they have like confetti cannons? I
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Speaker 1: kind of expect.
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Speaker 5: Them to going to be like a sticker or something
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Speaker 5: at the very least, but like a yeah, nothing for
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Speaker 5: poor little Jess.
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Speaker 1: You literally get more when you vaccinated. It's true, what
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Speaker 1: the hell? Or when you vote?
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Speaker 5: I got stickers when I got vaccinated. Yeah, but it's
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Speaker 5: such a good feeling. I think just plugging away, particularly
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Speaker 5: if you've just come out of UNI and you're like,
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Speaker 5: oh my god, how did this happen? We've all been there.
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Speaker 5: But I think just chipping away regularly, setting it up
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Speaker 5: so that you get used to that amount of money
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Speaker 5: disappearing as you pay it off, pushing yourself forward to
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Speaker 5: pay it off, and then when you do, being like okay, great,
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Speaker 5: like I'm going to take that same amount of money
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Speaker 5: and put it towards something else is what really worked
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Speaker 5: for me, because nothing really changed in terms of lifestyle.
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Speaker 5: I was already seeing that money disappear. It was just
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Speaker 5: now it was going towards saving for a goal rather
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Speaker 5: than paying down a debt.
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Speaker 4: Yeah, and it's exciting because if you do that, well,
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Speaker 4: you're automatically going to have a really good savings habit
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Speaker 4: because you're so used to putting that money aside.
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Speaker 1: Don't change it. Continue to put that money aside. When
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Speaker 1: one debt's gone, just retransfer it to a savings account,
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Speaker 1: and you've set yourself up for success. I think it's genius. Yeah,
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Speaker 1: that's smart.
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Speaker 6: The other thing that I've I've learned about on this
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Speaker 6: very podcast, Ladies, that Brittany might find helpful is knowing
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Speaker 6: about the trap of lifestyle creep.
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Speaker 1: So that is, when you.
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Speaker 6: Gain a better income, you can become very tempted to
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Speaker 6: spend that income on nice, pretty little things. And whilst
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Speaker 6: it seems harmless at the start, I'll just grab, you know,
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Speaker 6: a latte day, then all of a sudden you're grabbing
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Speaker 6: a croissant with your latte.
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Speaker 1: I don't know if this is the best example, but.
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Speaker 4: It's your example because I know what you do every day,
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Speaker 4: have a college be aware I do it anyway.
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Speaker 6: These little things can creep into your lifestyle that you
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Speaker 6: don't really notice, and then all of a sudden you're
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Speaker 6: spending hundreds of dollars a week on non essential spends just.
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Speaker 1: Because you can afford it.
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Speaker 6: But that is jeopardizing your largest saving if I retrospectively.
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Speaker 4: At my journey from university into full time working, I
21:52
Speaker 4: guess my best example of that is my makeup.
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Speaker 1: And I've said this before. I think I actually wrote
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Speaker 1: about it.
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Speaker 4: In my first book, where you know, when I was
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Speaker 4: at high school and I didn't really have any income
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Speaker 4: and my mum was buying me makeup for the first time.
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Speaker 1: It was just from the supermarket. Whatever was like handy
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Speaker 1: we would get.
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Speaker 4: And then I got my first job and I started
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Speaker 4: paying for my own makeup, and so i'd still buy
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Speaker 4: it at the supermarket, but maybe i'd go to like
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Speaker 4: price line, and then things got a little bit more
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Speaker 4: bougie and expensive. When I was at union, I was like,
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Speaker 4: all right, now it's price line. I'd get some stuff
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Speaker 4: from Maya. I'd also get some stuff from the chemist.
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Speaker 4: Like things got progressively more expensive, and then my full
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Speaker 4: time job, I'm like, okay, sit down adoor, Beauty and Mecca,
22:29
Speaker 4: like we're gonna have to talk. I'm a level three
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Speaker 4: beauty looper. Like it actually just spiraled and you just
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Speaker 4: don't realize it because like to me, I go, oh,
22:38
Speaker 4: but that's the foundation I use. I can't cut back
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Speaker 4: on that, and then you look back ten years ago
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Speaker 4: and I'm like, well, I was really happy with Mayberlen,
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Speaker 4: Like where did that slope slip? And why have I
22:48
Speaker 4: decided that in line with my income, I deserve better
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Speaker 4: quality products, Like I get it, maybe that's one of
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Speaker 4: your core values. But when it came back down to it,
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Speaker 4: I was like, hold up, I don't need this, and
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Speaker 4: that's why so many of my cosmetics nowadays are so cheap.
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Speaker 1: And I lost my Level three Beauty Loops status. It's
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Speaker 1: not the worst thing in the world.
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Speaker 4: I mean, it means I'm spending less, but it's also
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Speaker 4: kind of like going back to what your true values
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Speaker 4: are because it kind of just became second nature to me,
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Speaker 4: especially as someone who was working in the CBD. It's
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Speaker 4: not as prevalent to just like walk into chemist warehouse
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Speaker 4: and get some stuff. I was like, oh, Mecca's down there,
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Speaker 4: Maybe I'll pop down there on my lunch break, Like
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Speaker 4: it's an experience. I love it, Like there's nothing more
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Speaker 4: that I love in this world than a good mecha store.
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Speaker 1: They smell so good.
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Speaker 8: Yeah.
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Speaker 4: The only place that smells better than a mecha store
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Speaker 4: is a Peter Alexander store.
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Speaker 1: Yeah, delicious, Yeah, not wrong.
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Speaker 4: So for me, it was about reflecting on my values
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Speaker 4: and going well, Actually, am I getting enough value from
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Speaker 4: this or not? And I mean there are still some
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Speaker 4: bougie things I love to use, but I think it's
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Speaker 4: really about reflecting and going well, is this in line
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Speaker 4: with my values?
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Speaker 1: And Georgia King, if your coffee and croissant is.
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Speaker 4: Your values, I'm not gonna argue with you over that.
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Speaker 4: And I think that that's one of the learnings that
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Speaker 4: I wish i'd kind of bit in the bottom as
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Speaker 4: I was coming out of union into full time world,
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Speaker 4: because you just don't need to fit in by spending
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Speaker 4: an exorbitant amount of money on stuff.
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Speaker 1: All right, with that.
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Speaker 4: Hard Georgia King, many of you, thank you? Any final
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Speaker 4: words before we boot you.
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Speaker 1: Out nap, just not being bladed.
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Speaker 4: Thanks you're leaving, Just so you know you're leaving voluntarily
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Speaker 4: like this, This was your choice?
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Speaker 1: Yes, yes, yes, no. Just a big thank you to all.
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Speaker 6: The listeners, to my two girls sitting here with me today,
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Speaker 6: to Anna Lisa, our beautiful producer, just to everyone who's
24:32
Speaker 6: been involved. It's been such a special experience, one that
24:35
Speaker 6: I'm not going to forget anytime. Soon and yeah, I'm
24:39
Speaker 6: not going anywhere. I kind of am, but I love
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Speaker 6: you all.
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Speaker 1: Is that a good way of bending?
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Speaker 4: We do, See your brunch tomorrow, Georgia King, Bye, Guy Bye.
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