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FRIDAY DRINKS: For the Love of Gambling Limits! · She's On The Money

• 0:00
  Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud your
• 0:04
  Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before
• 0:08
  Speaker 1: we get started on She's on the Money podcast, I
• 0:11
  Speaker 1: would like to acknowledge the traditional custodians of the land
• 0:14
  Speaker 1: of which this podcast is recorded on a wondery country,
• 0:18
  Speaker 1: acknowledging the elders, the ancestors and the next generation coming through.
• 0:23
  Speaker 1: As this podcast is about connecting, empowering, knowledge sharing and
• 0:27
  Speaker 1: the storytelling of you to make a difference for today
• 0:31
  Speaker 1: and lasting impact for tomorrow.
• 0:33
  Speaker 2: Let's get into it.
• 0:34
  Speaker 3: She's on the Money. She's on the Money.
• 0:57
  Speaker 4: Hello, and welcome to She's on the the podcast for
• 1:01
  Speaker 4: millennials who want financial freedom. Today, guys is Friday's Surprise.
• 1:06
  Speaker 4: It is time to sit back with the girls with
• 1:08
  Speaker 4: a beven hand to unpack our favorite moments of the week,
• 1:11
  Speaker 4: and of course, to celebrate you, our incredible Shees on
• 1:15
  Speaker 4: the Money community. As always, we're going to be sharing
• 1:17
  Speaker 4: our favorite money wins. We're going to discuss what's making
• 1:20
  Speaker 4: news in the finance world, and we're going to help
• 1:22
  Speaker 4: answer a money question, which this week is all about
• 1:25
  Speaker 4: whether our online course is applicable internationally. But first, as always,
• 1:30
  Speaker 4: it is time to recap the week that was, and
• 1:32
  Speaker 4: miss jessic Ricci, I usually let you do this one,
• 1:35
  Speaker 4: but this time I'm going to do it on Monday's
• 1:38
  Speaker 4: Money Diary. My favorite part about it was really highlighting
• 1:42
  Speaker 4: the importance of the ndies and just how important the
• 1:45
  Speaker 4: work that everybody in that space does. It's one of
• 1:48
  Speaker 4: those things that I don't think we talk enough about,
• 1:50
  Speaker 4: and I hope that in the future we get a
• 1:52
  Speaker 4: whole heap more money diarists on the show that can
• 1:54
  Speaker 4: showcase all the different facets that you can work in.
• 1:57
  Speaker 4: All right, Georgia King, it is time to let you
• 2:00
  Speaker 4: have your turn to shine. What happened on Wednesday?
• 2:03
  Speaker 5: On Wednesday, you and the glorious Jessica Richie spoke all
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  Speaker 5: about financial self care?
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  Speaker 2: Oh, one of my favorite topics. Yeah, well, it's not
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  Speaker 2: something that we've.
• 2:12
  Speaker 5: Really spoken about that much on the podcast, speak a
• 2:15
  Speaker 5: lot about on instag aroount it.
• 2:17
  Speaker 2: Do you yeah? But you never go on in star
• 2:19
  Speaker 2: that's true? Do you not a plan to do it?
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  Speaker 2: Do you know?
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  Speaker 4: It was like a do you yeah? No, I do
• 2:27
  Speaker 4: because it's actually really important, but you would know that
• 2:29
  Speaker 4: so it might have been the first time you heard
• 2:31
  Speaker 4: the topic.
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  Speaker 5: Well it wasn't. It was super interesting, super wholesome, and
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  Speaker 5: I think really good for people who are particularly harsh
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  Speaker 5: on themselves when it comes to finance as well.
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  Speaker 4: Right, absolutely, And I think it's a really important topic
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  Speaker 4: to cover because sometimes we don't give ourselves enough leniency
• 2:45
  Speaker 4: in the finance space because we think it always has
• 2:47
  Speaker 4: to be perfect when that is not necessarily the case.
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  Speaker 5: One hundred percent really resonated with me as someone who
• 2:53
  Speaker 5: you know, has a bit of a reputation as a
• 2:55
  Speaker 5: tight us or. I did that you literally just bagging
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  Speaker 5: me for not having a seventy dollars bloody of self
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  Speaker 5: care water bottle or whatever.
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  Speaker 2: They all right, no one was bagging you.
• 3:05
  Speaker 4: The thing we were getting spicy about is George King,
• 3:08
  Speaker 4: is that single use of the bus.
• 3:13
  Speaker 2: Or you've used it.
• 3:13
  Speaker 4: More than one time, but it will go to landfill.
• 3:16
  Speaker 4: You just need a drink bottle. You don't need one
• 3:18
  Speaker 4: of the fancy gal Frank Green ones. You don't need
• 3:20
  Speaker 4: an emotional support water bottle. You just need one that
• 3:23
  Speaker 4: could be used more than one time without leaking BPA
• 3:25
  Speaker 4: into your body.
• 3:26
  Speaker 2: But that's all right.
• 3:27
  Speaker 4: Let's move on because I want to hear Georgia King
• 3:29
  Speaker 4: some positive things from you today at about single use Plastic.
• 3:33
  Speaker 4: I want to hear your budget direct money wins. What
• 3:35
  Speaker 4: have you got today?
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  Speaker 5: Okay, so the first win of the week is actually
• 3:38
  Speaker 5: a loss, but it's wholesome. It comes from Kate money loss.
• 3:42
  Speaker 5: I went part time at my primary workplace last year
• 3:45
  Speaker 5: for a better work life balance, and I love picked
• 3:47
  Speaker 5: up a second job for the off days, which has
• 3:49
  Speaker 5: made me so much happier after financial self care. Yep,
• 3:54
  Speaker 5: the next win comes from Naomi money win. I thought
• 3:57
  Speaker 5: as a casual nurse I would miss out on the
• 3:59
  Speaker 5: bonus payment from New South Wales Health. I woke up
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  Speaker 5: this morning to find one thousand, seven hundred and seventy
• 4:04
  Speaker 5: five dollars have been paid into my account.
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  Speaker 2: That's a lot of money.
• 4:07
  Speaker 5: I only got taxed to fifty dollars as well. What
• 4:10
  Speaker 5: I then remembered that I was a permanent worker at
• 4:12
  Speaker 5: the start of the pandemic for ten months before stepping
• 4:15
  Speaker 5: down as a casual and I still worked full time hours.
• 4:17
  Speaker 5: So I'm super stoked to have these extra savings. Here's
• 4:19
  Speaker 5: the wholesome Park Gillies. I also sent my mum at
• 4:22
  Speaker 5: three hundred dollars of my payments too, but she was
• 4:26
  Speaker 5: excluded because she works in a different kind of system.
• 4:29
  Speaker 5: But she's feeling really grateful. What a good thing to
• 4:32
  Speaker 5: come from the Panini exactly right. The next win comes
• 4:36
  Speaker 5: from Shelley Money Win. I paid off a twenty four
• 4:38
  Speaker 5: thousand dollars credit card debt left over from my divorce. Yes,
• 4:42
  Speaker 5: que I feel so freelle incredible. The next win comes
• 4:46
  Speaker 5: from Daniel. I did a clear out of things laying
• 4:49
  Speaker 5: around the house on Marketplace. I got rid of foot rests,
• 4:52
  Speaker 5: an old TV cabinet, a coffee table, some clothes, and
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  Speaker 5: various baskets slash planters. I managed to scrape together over
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  Speaker 5: three hundred dollars.
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  Speaker 2: That's so good.
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  Speaker 4: I need someone to come do that in my house.
• 5:04
  Speaker 4: Do you know what that would be a good side hustle?
• 5:06
  Speaker 4: Like advertise your services you toaste, take a clip of it.
• 5:08
  Speaker 4: Maybe I'll take twenty percent, go around your house selly stuff.
• 5:12
  Speaker 4: Probably should be more hands on with that for the while.
• 5:14
  Speaker 4: I'll come home with nothing in my mouse.
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  Speaker 5: Alright, that's all right? What else have you got today?
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  Speaker 5: The next week and it comes from Victoria. I saved
• 5:22
  Speaker 5: a great name. I saved myself around four thousand dollars
• 5:25
  Speaker 5: last year. And here's how I switched to prepaid mobile.
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  Speaker 5: I canceled my monthly beauty box subscription.
• 5:31
  Speaker 2: Is that mecca? Probably like a baler box or what
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  Speaker 2: of those?
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  Speaker 1: Yeah?
• 5:36
  Speaker 2: Not the beauty Loop. Those are free.
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  Speaker 4: All you have to do is spend a lot of money.
• 5:40
  Speaker 5: Victoria also canceled one of her two streaming subscriptions, started
• 5:45
  Speaker 5: making coffee at home instead of buying takeaway. The next
• 5:48
  Speaker 5: on her list is to tackle her grocery budget and
• 5:51
  Speaker 5: make lunches for work instead of purchasing them out. That's
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  Speaker 5: huge savings.
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  Speaker 2: So that really wasn't me?
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  Speaker 1: No?
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  Speaker 4: Yeah, yeah, you finally read one of mine now. No.
• 6:03
  Speaker 5: The final win of today, Guys, is very wholesome. Again
• 6:06
  Speaker 5: it comes from Tara money win. After discovering she's on
• 6:09
  Speaker 5: the money during lockdowns in Melbourne, I completely changed my
• 6:13
  Speaker 5: money story, yes clean, after believing for years I couldn't
• 6:16
  Speaker 5: buy a house on my own, so why even bother saving.
• 6:19
  Speaker 5: This week I got the keys to my first ever
• 6:22
  Speaker 5: home and I did it all by myself with the
• 6:25
  Speaker 5: investment in a bias agent. Interesting, all of my moving
• 6:29
  Speaker 5: and new home costs were saved for it, so it's
• 6:31
  Speaker 5: been completely stress free. I cannot thank that she's on
• 6:35
  Speaker 5: the money team enough.
• 6:36
  Speaker 2: I have How sweet is that? That's so wholesome? I
• 6:39
  Speaker 2: literally love that. It makes me so happy hearing you guys.
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  Speaker 5: Kill it absolutely is that all you've got?
• 6:45
  Speaker 2: That that was a very good place to leave it.
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  Speaker 2: I love it.
• 6:49
  Speaker 4: It has as always been fantastic celebrating your budget Direct
• 6:52
  Speaker 4: money wins Budget Direct winner of Canstars Insurer of the
• 6:55
  Speaker 4: Year Award twenty twenty two.
• 6:57
  Speaker 2: Budget Direct Insurance Solved.
• 7:00
  Speaker 4: All right, we are going to go to a really
• 7:01
  Speaker 4: quick break and when we get back, we're going to
• 7:02
  Speaker 4: talk about that she's on the Money Budget and cash
• 7:04
  Speaker 4: Flow master class. Bit self serving, but someone asked, so
• 7:06
  Speaker 4: we got to answer the people's questions. Georgie King, don't
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  Speaker 4: look at.
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  Speaker 2: Me like that.
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  Speaker 4: And in Finance News we're going to talk about some
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  Speaker 4: changes being made in Tasmania to gambling law.
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  Speaker 2: Don't go anywhere.
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  Speaker 6: Okay, guys, I have a really cool update to share.
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  Speaker 2: George.
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  Speaker 6: You actually shared this with me and I was like,
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  Speaker 6: this is incredible. I want to see it everywhere, so
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  Speaker 6: of course I want to talk about it with the community.
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  Speaker 6: Our friends across the ditch. Is that what we call
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  Speaker 6: them in Tazi or is it a little ditch? But
• 7:36
  Speaker 6: the small is New Zealand but a smaller ditch basically
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  Speaker 6: the same thing. Our friends in Tasmania have implemented a
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  Speaker 6: new law which caps losses on gambling, or will cap
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  Speaker 6: losses on gambling, I should say by twenty twenty four.
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  Speaker 6: So they have announced they will implement new rules to
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  Speaker 6: minimize harm from electronic gambling machines, which will include a
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  Speaker 6: cap on how much a person can lose. It'll be
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  Speaker 6: implemented in hotels, clubs and casinos, so I guess everywhere
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  Speaker 6: that you can gamble, although not online. Maybe that would
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  Speaker 6: be harder to police.
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  Speaker 4: I don't think you can police it because obviously you
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  Speaker 4: can gamble internationally if you really wanted to.
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  Speaker 6: But they're going to implement a system which would make
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  Speaker 6: sense as to why it won't really work for online.
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  Speaker 6: So it'll be a card based system which will make
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  Speaker 6: the gambling machines cashless. Cards will hold limits on the
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  Speaker 6: amount that can be lost by the gambler, so the
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  Speaker 6: default limits will be one hundred dollars a day, five
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  Speaker 6: hundred dollars a month and five thousand dollars a year.
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  Speaker 6: Your bloody love to see it because.
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  Speaker 4: I think a lot of people might be salty about
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  Speaker 4: it because obviously it's their decision and whatnot, But like
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  Speaker 4: that's just responsible.
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  Speaker 6: We did an episode a little while ago all about gambling,
• 8:40
  Speaker 6: and we've had a money diarist one before also who
• 8:42
  Speaker 6: spoke about the impacts that chronic gambling had on her family.
• 8:45
  Speaker 6: I think it was one of her parents. The system
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  Speaker 6: is essentially meant to stop people from losing more than
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  Speaker 6: they can afford, which, as we know, is like the
• 8:52
  Speaker 6: big downfall of gambling is the addictive nature. It sets
• 8:55
  Speaker 6: off all of these hormones in your brain and you
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  Speaker 6: just can't stop, and people are gambling away life savings
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  Speaker 6: before they know it about it. The limits on these
• 9:01
  Speaker 6: cards can be lowered at any time, and within certain
• 9:03
  Speaker 6: parameters will be able to be increased if a player
• 9:06
  Speaker 6: can prove that they can afford it. I would be
• 9:08
  Speaker 6: interested to know, and because obviously this legislation hasn't fully
• 9:10
  Speaker 6: come into play yet, we don't have all of the information,
• 9:14
  Speaker 6: but I would hope that there would be an overarching cap,
• 9:17
  Speaker 6: like even if you're a millionaire, let's not let someone
• 9:20
  Speaker 6: lose a million dollars, do you know what I mean?
• 9:22
  Speaker 6: I'd be interested to know how they measure that as well,
• 9:24
  Speaker 6: because jess As you know, going through a pre approval
• 9:26
  Speaker 6: process with a mortgage, you have to give them your
• 9:29
  Speaker 6: budget and your cash flow and work all of that
• 9:31
  Speaker 6: out and they tell you what you can afford. What
• 9:33
  Speaker 6: are they going to do that now with gambling? Like,
• 9:35
  Speaker 6: I don't know how I feel about that. I think
• 9:37
  Speaker 6: the across the board rules are kind of good. I
• 9:40
  Speaker 6: liked the idea of that too. It's really interesting though,
• 9:42
  Speaker 6: because the Tasmanian Hospitality Association called the government's decision a
• 9:47
  Speaker 6: slap in the face to hotel and pub customers and
• 9:49
  Speaker 6: hard working small and family businesses in Tasmania.
• 9:53
  Speaker 2: And is it. I don't want to be a dick.
• 9:56
  Speaker 6: So if you own a small family business that has
• 9:59
  Speaker 6: a retin to get it, please don't take this the
• 10:02
  Speaker 6: wrong way. But the businesses in my mind that are
• 10:04
  Speaker 6: going to be most impacted by these are the big conglomerates.
• 10:08
  Speaker 6: It's your local casinos, it's your local tab there's one
• 10:11
  Speaker 6: in my area and there are people that you see
• 10:13
  Speaker 6: sitting there. It's right next to a party shop that
• 10:15
  Speaker 6: I frequent regularly, which is why I know so much
• 10:18
  Speaker 6: about it. For you're, gee, people sitting there and I'll
• 10:21
  Speaker 6: go in and I'll come out four hours later, and
• 10:22
  Speaker 6: some people still haven't moved.
• 10:24
  Speaker 4: Like they're rules that you can't gamble for twenty four
• 10:27
  Speaker 4: hours straight. It was only recently. I think it was
• 10:29
  Speaker 4: like a couple of weeks ago that Sydney's Star Casino.
• 10:32
  Speaker 4: It was like all through the news they could lose
• 10:34
  Speaker 4: their license after they were found to be unfit to
• 10:36
  Speaker 4: operate because they were allowing people to gamble for like
• 10:39
  Speaker 4: twenty four hours straight and giving them free drinks and
• 10:42
  Speaker 4: giving them free food so they never have to leave.
• 10:44
  Speaker 4: And I just thought that was so wild, because to
• 10:46
  Speaker 4: be honest, I hadn't even thought about it recently. Yeah,
• 10:49
  Speaker 4: but you know, I think these introductions are actually a
• 10:52
  Speaker 4: step in the right direction because gambling, you don't get
• 10:55
  Speaker 4: anything good out of it.
• 10:56
  Speaker 6: I view the industry personally as very predatory, and that's
• 11:00
  Speaker 6: my opinion. I know for some people, maybe Grand Final
• 11:03
  Speaker 6: was a couple of weeks ago, maybe you want to
• 11:05
  Speaker 6: back your team, put a little bit of money on it.
• 11:07
  Speaker 2: Like I get that.
• 11:08
  Speaker 6: I personally have actually never gambled and that's a personal
• 11:11
  Speaker 6: choice that I made, but I think as in industry,
• 11:14
  Speaker 6: it really capitalizes on people who are more often than not,
• 11:16
  Speaker 6: in a vulnerable position. And so for me, this regulation
• 11:20
  Speaker 6: seems like an amazing thing, and I really wanted to
• 11:22
  Speaker 6: bring it up because I want us and anyone who
• 11:25
  Speaker 6: agrees with it to be vocal about supporting it, because
• 11:28
  Speaker 6: I would love to see this implemented Australia.
• 11:31
  Speaker 3: White.
• 11:31
  Speaker 4: Yeah, I think it's a really good step in the
• 11:33
  Speaker 4: right direction, because it's just it's too detrimental to too
• 11:36
  Speaker 4: many people.
• 11:37
  Speaker 5: Speaking of how detrimental vd in the twenty seventeen to
• 11:41
  Speaker 5: twenty eighteen financial year, Australians lost twenty four billion dollars
• 11:46
  Speaker 5: on gambling.
• 11:47
  Speaker 2: This is no small problem.
• 11:49
  Speaker 4: It's crazy, which makes me wonder because obviously what rules
• 11:53
  Speaker 4: the world.
• 11:53
  Speaker 2: It's not girls. Girls don't rule the world girls girls
• 11:56
  Speaker 2: from this much. No, it's rich people. It's money.
• 11:59
  Speaker 4: So I'd be really interested to see how the families
• 12:02
  Speaker 4: who own these companies, because they're not government run companies
• 12:04
  Speaker 4: like Crown Casino obviously massive, how they're going to respond
• 12:08
  Speaker 4: because that would be a majority of their revenue would
• 12:10
  Speaker 4: be coming from gambling, So how are they going to
• 12:14
  Speaker 4: be trying to fight back on this and how many
• 12:16
  Speaker 4: people you know. I'm not saying that we will pay
• 12:18
  Speaker 4: people off, but how much money is going to exchange
• 12:20
  Speaker 4: hands in the background to make sure that this, you know,
• 12:22
  Speaker 4: takes as long as possible.
• 12:24
  Speaker 6: On your Tasmania, I will be personally very loud and
• 12:27
  Speaker 6: proud in supporting this.
• 12:28
  Speaker 2: I it produces the best podcasters too.
• 12:30
  Speaker 6: I go something good in the water.
• 12:32
  Speaker 3: Nice, nice the water.
• 12:34
  Speaker 4: They're easy lat Yeah, let's move on though, George, what
• 12:37
  Speaker 4: is it time for?
• 12:37
  Speaker 5: It's time for a money to Lemma. Hi, there have
• 12:42
  Speaker 5: you got up money dilemma you just can't solve? The
• 12:44
  Speaker 5: Sheese on the Money team is here to help. Every
• 12:47
  Speaker 5: week we tackle your dilemmas, both big and small, to
• 12:49
  Speaker 5: answer your most burning money, career and life questions. To
• 12:53
  Speaker 5: get involved, simply head to our website and leave us
• 12:56
  Speaker 5: a quick voice recording and you may just find yourself
• 12:58
  Speaker 5: on the show. Now, let's take a listen to today's
• 13:00
  Speaker 5: money dilemma.
• 13:03
  Speaker 7: Hi, I wanted to know if this master course works
• 13:08
  Speaker 7: for people living within Canada and in terms of like
• 13:13
  Speaker 7: the resources, like how complicated are they to understand? Like
• 13:18
  Speaker 7: if you have a very basic understanding of things or
• 13:20
  Speaker 7: if like you're a student, for instance, because I'm a
• 13:22
  Speaker 7: student right now and I went through something quite difficult,
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  Speaker 7: like my mom recently passed, so I'm having a lot
• 13:30
  Speaker 7: of trouble with finances and figuring things out in that sense,
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  Speaker 7: would this course help me be able to manage my
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  Speaker 7: money better?
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  Speaker 2: I mean tail day a. Yes. Would you like the
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  Speaker 2: long version though? Goes please?
• 13:46
  Speaker 5: I don't know.
• 13:46
  Speaker 4: Well, I actually think this is probably a really good
• 13:48
  Speaker 4: time to flip it around. Like I'm quite biased. I
• 13:51
  Speaker 4: actually created the Budget and cash Flow master Class, and
• 13:53
  Speaker 4: I did create it with an international audience in mind,
• 13:56
  Speaker 4: which is why we don't talk about anything when it
• 13:58
  Speaker 4: comes to superannuation or Ralian tax rates. You have to
• 14:01
  Speaker 4: use your after tax income to put into the Budget
• 14:04
  Speaker 4: and Cashulow Masterclass, just to make sure that as many
• 14:07
  Speaker 4: people as possible can use it around the world. But Jess,
• 14:10
  Speaker 4: you use this pretty religiously, which makes me so happy,
• 14:13
  Speaker 4: Like it strokes my ego every time you're like, oh,
• 14:15
  Speaker 4: I'm dead my budget.
• 14:16
  Speaker 2: I'm language one though, and then you tell me it
• 14:18
  Speaker 2: was mine and I love it.
• 14:19
  Speaker 4: But Jess, talk to me about what it kind of
• 14:22
  Speaker 4: does for you and why you like it above and
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  Speaker 4: beyond just keeping your own spreadsheet.
• 14:26
  Speaker 6: I think I just like that. I mean, firstly, I'm
• 14:29
  Speaker 6: not credit Excel. I'm pretty sure I told you that
• 14:31
  Speaker 6: when you interviewed me for my drawer. Was like, I
• 14:34
  Speaker 6: didn't even ask I one of them. I didn't even
• 14:36
  Speaker 6: say to jessl what are your weaknesses? She was like,
• 14:38
  Speaker 6: all right, just before we go, I just want to
• 14:40
  Speaker 6: be really clear. I know you're really good at spreadsheets.
• 14:41
  Speaker 2: I am not. I will not be good at that,
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  Speaker 2: like ma, the transparency roll on through. But yeah, I
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  Speaker 2: like that.
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  Speaker 6: Firstly, it's on another level to anything that I ever
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  Speaker 6: the most important thing, but for someone who's visual like me,
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  Speaker 6: it's really helpful because it breaks things down the functionality
• 15:01
  Speaker 6: of it. I don't even know how you again, I
• 15:02
  Speaker 6: don't know anything about Excel, but I can You're like,
• 15:05
  Speaker 6: I don't even know how you did this. I'm like,
• 15:06
  Speaker 6: it is it is a secret. Maybe I'm not the
• 15:08
  Speaker 6: good person to explain this, but like, that's why.
• 15:10
  Speaker 2: I sell it.
• 15:10
  Speaker 6: I'm not going to tell you how I made it
• 15:12
  Speaker 6: my secret sauce, but like idding a lot of coding,
• 15:15
  Speaker 6: a lot of macros, a lot of background stuff that
• 15:17
  Speaker 6: it's too hard to worry, don't try. But I can
• 15:20
  Speaker 6: input whatever I'm earning or whatever I'm spending. It automatically
• 15:24
  Speaker 6: figures out. If I put in my salary, which is
• 15:26
  Speaker 6: paid monthly, but I pay this bill fortnightly. There's just
• 15:30
  Speaker 6: a little drop down box that I click. It does
• 15:32
  Speaker 6: the maths for me. And as someone who's not a
• 15:35
  Speaker 6: math scal I can't tell you how helpful that is.
• 15:38
  Speaker 6: I don't have to worry about figuring it out or going, oh,
• 15:40
  Speaker 6: this is fortnitly, this is monthly, and this one comes
• 15:42
  Speaker 6: out weekly. I can just figure it all out. I
• 15:45
  Speaker 6: plug it in. There's heaps of pages, and then you
• 15:47
  Speaker 6: get to the end and it tells you exactly what's
• 15:49
  Speaker 6: coming in, exactly what's going out. It does that nice
• 15:52
  Speaker 6: little diagram where if you follow the bank account method
• 15:55
  Speaker 6: that you recommend, like, it tells you exactly what to
• 15:57
  Speaker 6: put wear. And it is just so helpful for someone
• 16:01
  Speaker 6: who has never been great at that kind of thing,
• 16:05
  Speaker 6: to have it taken off your hands and all automated
• 16:07
  Speaker 6: is amazing. And then I don't have to call you
• 16:09
  Speaker 6: every five seconds and be like, how do I calculate this?
• 16:11
  Speaker 6: Because it just does it for me.
• 16:13
  Speaker 4: I think that that was my main priority when making it,
• 16:15
  Speaker 4: because I felt like everyone kind of has a control
• 16:18
  Speaker 4: or an idea of a budget, Right, George, I know
• 16:20
  Speaker 4: you don't use it because I've given it to you
• 16:21
  Speaker 4: and you have an open to the email. But I
• 16:24
  Speaker 4: know that a lot of people might be good at
• 16:27
  Speaker 4: creating their own budgets.
• 16:28
  Speaker 1: Right.
• 16:28
  Speaker 4: You might sit down and you might do it on paper,
• 16:29
  Speaker 4: or you might get a spreadsheet, or you might get
• 16:31
  Speaker 4: a word document, you might go buy a fancy Kiki
• 16:33
  Speaker 4: k journal. Like, I don't know everyone's good at writing down.
• 16:37
  Speaker 4: I'm not saying you're doing it because too many people
• 16:40
  Speaker 4: need to actually pull their heads out of the sand
• 16:42
  Speaker 4: and actually do this. But you might be good at
• 16:44
  Speaker 4: writing down how much you're spending, but I guarantee you're
• 16:46
  Speaker 4: not actually taking that next step and putting cash flow
• 16:49
  Speaker 4: into the component. Because budgeting, Yeah, it's great, but budgeting's
• 16:52
  Speaker 4: not about being restrictive. It's actually about understanding how many
• 16:55
  Speaker 4: dollars come in, how many dollars go out where they're going,
• 16:58
  Speaker 4: to make sure that you're comfortable with where they're going.
• 17:01
  Speaker 4: But then overlaying a cash flow system to go. Okay, George,
• 17:04
  Speaker 4: I need to make sure that every dollar that comes
• 17:06
  Speaker 4: into your account is working as hard as you do
• 17:09
  Speaker 4: for it, and it's about having a cash flow system
• 17:12
  Speaker 4: that works for you. And obviously having been a financial
• 17:15
  Speaker 4: advisor for umpty years and working with people day in
• 17:19
  Speaker 4: day out on either their budget and cash flow or
• 17:21
  Speaker 4: you know, their investing journey, the biggest pain point was like, oh,
• 17:25
  Speaker 4: y I've done a budget, but I don't know what
• 17:26
  Speaker 4: the next step is. I don't know which bank account
• 17:28
  Speaker 4: I need to put it in, or how to capture it,
• 17:30
  Speaker 4: or this savings goal I have set I'm actually achieving.
• 17:33
  Speaker 4: So I think for me, it's about taking that next step.
• 17:35
  Speaker 4: But yes, it is internationally focused and you can use
• 17:38
  Speaker 4: whatever currency you want, So say you're in yen, you
• 17:41
  Speaker 4: can use yen. That is absolutely fine because the calculations
• 17:45
  Speaker 4: on the back end are identical regardless of if it
• 17:48
  Speaker 4: is pounds or if it is dollars. The only thing
• 17:50
  Speaker 4: you need to do is make sure that you're consistent
• 17:52
  Speaker 4: with the currency. So say you were earning money in
• 17:55
  Speaker 4: pounds and also in Australian dollars, you'd need to make
• 17:57
  Speaker 4: sure that you're using only one of those, because if
• 17:59
  Speaker 4: you put in one pound, it wouldn't convert it because
• 18:01
  Speaker 4: it's working on one currency at a time. Unfortunately, that
• 18:05
  Speaker 4: was where my skill betrayed me. You can use any
• 18:09
  Speaker 4: currency you want, so it is very internationally focused and
• 18:11
  Speaker 4: it's just a budgeting cashlow system. It doesn't matter what
• 18:14
  Speaker 4: country you're in. It's going to make sure that you
• 18:16
  Speaker 4: are on top of your finance. Is my friends, which
• 18:19
  Speaker 4: just to circle back to the you waiving a tiny
• 18:22
  Speaker 4: toothbrush at me, George like a one.
• 18:25
  Speaker 2: This is different.
• 18:27
  Speaker 5: Just on a more serious note though, Ladies Naomi who
• 18:30
  Speaker 5: asked that question, she mentioned that her mum had just
• 18:32
  Speaker 5: passed away, so just wanted to send a lot of
• 18:34
  Speaker 5: love on behalf of the team. And it sounds like
• 18:37
  Speaker 5: the course would be a really good thing if you
• 18:39
  Speaker 5: are stressed about your money at this difficult time.
• 18:41
  Speaker 4: It's also a good time to be really reflecting on
• 18:44
  Speaker 4: money stories and where those came from and making sure
• 18:46
  Speaker 4: that you're, you know, making the most of where you're at.
• 18:49
  Speaker 4: So I definitely recommend it, and Jess pretty sure you
• 18:52
  Speaker 4: had a little sneaky discount. If anyone is keen after that,
• 18:55
  Speaker 4: sales pitch to join the CLA.
• 18:58
  Speaker 6: We had a few people take us up on this
• 18:59
  Speaker 6: line time, so I'll pop it up once again. If
• 19:01
  Speaker 6: you want to get yourself the Budget and cash Flow Masterclass,
• 19:04
  Speaker 6: I'll put in a discount code. Use the code POD
• 19:06
  Speaker 6: fifty and you'll say fifty dollars off.
• 19:08
  Speaker 4: Do just make sure you turn that on when this
• 19:10
  Speaker 4: episode goes live, because be real awkward.
• 19:11
  Speaker 2: If feofore t in work, I will absolutely remember. I
• 19:14
  Speaker 2: thanks so much. Sure right.
• 19:16
  Speaker 4: Well, with that in mind, I think that's all we
• 19:18
  Speaker 4: have time for today. See you next week, guys. The
• 19:25
  Speaker 4: advice sheared on She's on the Money is general in
• 19:28
  Speaker 4: nature and does not consider your individual circumstances. She's on
• 19:32
  Speaker 4: the Money exists purely for educational purposes and should not
• 19:35
  Speaker 4: be relied upon to make an investment or financial decision.
• 19:39
  Speaker 2: If you do choose to buy a financial product.
• 19:41
  Speaker 4: Read the PDS TMD and obtain appropriate financial advice tailored
• 19:45
  Speaker 4: towards your needs. Victoria Divine and She's on the Money
• 19:48
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• 19:53
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• 20:04
  Speaker 5: The work a