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Transcript

The Super Catch-Up Plan You Need and a Pep Talk for When You Feel Behind · She's On The Money

• 0:00
  Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud or
• 0:04
  Speaker 1: the Order Kerni Whaltbury 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
• 0:22
  Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
• 0:27
  Speaker 1: and the storytelling of you to make a difference for
• 0:30
  Speaker 1: today 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 2: Hello and welcome to She's on the Money the pod.
• 1:00
  Speaker 2: Ask the makes personal finance fun, especially on Fridays. It's
• 1:04
  Speaker 2: our favorite day of the week because we get the
• 1:06
  Speaker 2: team together and we get to celebrate you our incredible
• 1:09
  Speaker 2: She's on the Money community. MS just Griccy She's here
• 1:12
  Speaker 2: as always sharing our favorite money wins.
• 1:15
  Speaker 1: MS.
• 1:15
  Speaker 2: Bechsay Ed is going to be sharing her broke tips
• 1:17
  Speaker 2: and we're going to be helping to answer a money dilemma.
• 1:20
  Speaker 2: Should you be topping up your super especially if you've
• 1:23
  Speaker 2: taken money out and something that you slid into our
• 1:26
  Speaker 2: DMS about how to get out of a comparison spiral
• 1:29
  Speaker 2: with your friends, which I feel like is so relevant,
• 1:32
  Speaker 2: especially at the moment. Everything is so challenging at the moment,
• 1:37
  Speaker 2: and then what do we do when things are challenging?
• 1:39
  Speaker 2: We look over the fence and we go, well, what's
• 1:42
  Speaker 2: Beck doing? Man? Oh, she looks like she's thriving, but
• 1:45
  Speaker 2: I'm so stressed. Beck stressed as well. We're stressed out here, guys.
• 1:49
  Speaker 2: So that's a really good one. How have your.
• 1:51
  Speaker 4: Week's been, I think good. Lots of birthdays galore coming up.
• 1:58
  Speaker 2: That it's my birthday soon, so excited. I know what happens. Yeah,
• 2:02
  Speaker 2: my birthday happens. Then just as birthday happens, and.
• 2:05
  Speaker 5: Then mine because the thirtieth of July. Yeah, we're like
• 2:09
  Speaker 5: yeah a month literally just yeah? Is that perfect?
• 2:12
  Speaker 4: Yeah? Which is fun?
• 2:13
  Speaker 2: I love this. A cancer Leo, No, she wouldn't be
• 2:16
  Speaker 2: a cancer. She doesn't fall into that because she's at
• 2:18
  Speaker 2: the end of July.
• 2:19
  Speaker 5: You as a cancer?
• 2:20
  Speaker 2: Yeah yeah, yeah.
• 2:21
  Speaker 3: Yeah.
• 2:22
  Speaker 2: Babies. In fact, I think most people in our office
• 2:24
  Speaker 2: are and it's low key terrifying. And then when we
• 2:27
  Speaker 2: did the like mayas Briggs Typology Indicator test and we
• 2:30
  Speaker 2: all have the same personality as well, and I just
• 2:32
  Speaker 2: don't know what that says about us. It's getting a cult,
• 2:35
  Speaker 2: it's getting vibes. If you aren't a Cancrian, you can't
• 2:40
  Speaker 2: go here. But also we're the worst. Cancerrians are the worst. Sorry,
• 2:46
  Speaker 2: is it okay? I'm not you can be a Leo.
• 2:48
  Speaker 2: It's actually dead for you. Thank you.
• 2:50
  Speaker 4: How's your weeking?
• 2:51
  Speaker 2: Really nice?
• 2:52
  Speaker 5: I'm really excited for tax time because I got a
• 2:58
  Speaker 5: feeling it's gonna be good.
• 2:59
  Speaker 2: But also I didn't know. I don't know.
• 3:00
  Speaker 5: I don't understand how anything works. But other than that,
• 3:03
  Speaker 5: honestly chill weak. I feel like I'm getting back into
• 3:07
  Speaker 5: the group of things. Like a couple of weeks ago,
• 3:08
  Speaker 5: I was in Brisbane, and I gotta say, like, there's
• 3:11
  Speaker 5: something so weird about being around people who don't know
• 3:17
  Speaker 5: the context of you. And because I feel like I
• 3:20
  Speaker 5: can be quite maybe like either really shy or really
• 3:23
  Speaker 5: jarring and no in between, and so I think that
• 3:26
  Speaker 5: it's really nice to be around people who know the
• 3:29
  Speaker 5: context of me again. And I'm feeling right at home
• 3:33
  Speaker 5: and comfy and cozy and very very cold. What about UVD.
• 3:42
  Speaker 2: I'm just mad about the cold. If I'm being honest,
• 3:45
  Speaker 2: like you would think that I would be better versed
• 3:48
  Speaker 2: at this and have had more experience. No from Tasmania.
• 3:54
  Speaker 2: It's cold. It's cold, and I would like to complain
• 3:56
  Speaker 2: about it and allowed to feel heard.
• 3:58
  Speaker 4: You're allowed that. It's something about Melbourne cold is very cold,
• 4:01
  Speaker 4: because I've seen a fews from people who are from
• 4:03
  Speaker 4: Europe where obviously snows and stuff, which we don't really get,
• 4:06
  Speaker 4: at least.
• 4:06
  Speaker 2: In I feel like we get the crap cold jets.
• 4:09
  Speaker 4: Well people are saying even though they're used to that
• 4:11
  Speaker 4: type of weather, they're still they're feeling the Melbourne.
• 4:14
  Speaker 2: Cold, which I was interesting, having had the privilege of travel.
• 4:18
  Speaker 2: When you're overseas and it's snowing, it's real dry like
• 4:22
  Speaker 2: it's dry cold. You can actually like wrap up and
• 4:25
  Speaker 2: feel like warm with your puffer on. But I feel
• 4:28
  Speaker 2: like I go out in my pafa and it's like
• 4:30
  Speaker 2: this dampness that kind of feels like it gets in
• 4:33
  Speaker 2: your bones. In Melbourne, it's not. It's like a humid cold.
• 4:37
  Speaker 2: I don't know how to explain it.
• 4:39
  Speaker 4: I don't know. I like it the cold to the
• 4:42
  Speaker 4: James Last night in bed, I was like, I'm freezing
• 4:44
  Speaker 4: to the bone.
• 4:45
  Speaker 2: But we all know Jess would have been in bed
• 4:47
  Speaker 2: with her two wheaty packs.
• 4:49
  Speaker 4: I was between them. He came to it after me.
• 4:52
  Speaker 4: He was cold, and he was like touching me because
• 4:54
  Speaker 4: I was a woman, and I was like, get away.
• 4:56
  Speaker 2: But when my husband gets in bed, I put my
• 4:58
  Speaker 2: feet on him and he's always like those feet of me,
• 5:01
  Speaker 2: And I'm like, but this is why I got married.
• 5:03
  Speaker 4: Yeah, that's the whole point.
• 5:04
  Speaker 2: This is a right off passage here my bed. Otherwise
• 5:08
  Speaker 2: you are the warm anyway, would you guys like to
• 5:11
  Speaker 2: hear a beautiful five star review?
• 5:14
  Speaker 4: Absolutely?
• 5:14
  Speaker 1: All right.
• 5:15
  Speaker 2: So this one's from Mitch and he says I would
• 5:18
  Speaker 2: normally fall into the He's on the Money category, but
• 5:22
  Speaker 2: I've been listening to She's on the Money since I
• 5:24
  Speaker 2: heard VD on the My Millennial Money podcast with Glennie
• 5:26
  Speaker 2: James about maybe the eighth of May twenty one. Very
• 5:31
  Speaker 2: he said, and that means it's been just over four
• 5:34
  Speaker 2: years now. Wow. She's on the Money is a great
• 5:37
  Speaker 2: place to listen, learn and understand all things money, finance,
• 5:41
  Speaker 2: some good life hacks, and some generally good stuff, even
• 5:44
  Speaker 2: some great coverage on the federal budget. Win Kemoji. I
• 5:48
  Speaker 2: have shared many episodes with my friends and family because
• 5:51
  Speaker 2: it's just great content. Thanks so much. V Jess and
• 5:54
  Speaker 2: Beck love the Apps. Also love the banter Son. Thank you.
• 6:00
  Speaker 5: Yes, seriously, there's something really really lovely about Like it's like,
• 6:04
  Speaker 5: and I don't know if this analogy is going to
• 6:06
  Speaker 5: land very well, but it's like when your parents take
• 6:10
  Speaker 5: on your advice. It's like, you know, historically we've been
• 6:13
  Speaker 5: maybe men think that they know more about money and
• 6:15
  Speaker 5: stuff like that, and so when when when a guy listens,
• 6:17
  Speaker 5: it really means so much more to me. I don't
• 6:19
  Speaker 5: know if it's so nice, it's really really nice, like
• 6:22
  Speaker 5: thank you so much, like we like Victoria really does
• 6:24
  Speaker 5: know her shit, like it's really too at least, and
• 6:27
  Speaker 5: you guys fooled, So thank you so much for listening.
• 6:30
  Speaker 5: You are so welcome here and we are so.
• 6:32
  Speaker 2: Happy to have you. She and Cheese on the Money
• 6:34
  Speaker 2: is in our community. That's us, that's the she on
• 6:37
  Speaker 2: the show. And then everybody else is welcome. Yes, they're
• 6:40
  Speaker 2: all friends here, and I think that that's the best part.
• 6:42
  Speaker 2: So I love that one because it was such a
• 6:45
  Speaker 2: nice review, but also it just reminds people that like
• 6:47
  Speaker 2: this community, everyone's welcome as long as they're a nice person.
• 6:50
  Speaker 2: Otherwise get out. That's so nice, Miss Jessic Richie. Have
• 6:56
  Speaker 2: you got some money wins or even confessions for us
• 6:59
  Speaker 2: this week?
• 7:00
  Speaker 4: You know that I do so when I start off
• 7:01
  Speaker 4: this week with a good one from Louise who said
• 7:03
  Speaker 4: money win, I stuffed up and for good to cancel
• 7:05
  Speaker 4: an annual subscription to a streaming service which I had
• 7:08
  Speaker 4: renewed a week ago. She said they're renovating and they're
• 7:11
  Speaker 4: on reduced internet for the next twelve months. So she
• 7:15
  Speaker 4: messaged them and explained the situation and said she'd love
• 7:17
  Speaker 4: to come back in the future if she could. The
• 7:19
  Speaker 4: company refunded her the full annual fee straightaway, no questions asked.
• 7:25
  Speaker 2: How could is that?
• 7:26
  Speaker 1: Also?
• 7:26
  Speaker 2: Donus don't get.
• 7:27
  Speaker 4: Exactly right now, don't get and also reminder to check
• 7:30
  Speaker 4: your annual subscriptions and put them in your calendar so
• 7:32
  Speaker 4: you know when they're coming up. Next up, I've got
• 7:34
  Speaker 4: a money win from m who said money win. I
• 7:37
  Speaker 4: needed four new tires for my car and was quoted
• 7:39
  Speaker 4: four hundred and eighty dollars per tire.
• 7:43
  Speaker 2: That so much tires costs Rubbi. They are rubber guys.
• 7:46
  Speaker 4: She saw an ad from My Car who were doing
• 7:49
  Speaker 4: a one day forty percent off into financial year sale,
• 7:52
  Speaker 4: so she managed to get better branded tires for two
• 7:55
  Speaker 4: hundred and seventy three dollars each, which meant she saved
• 7:57
  Speaker 4: herself a whoppy eight hundred and thirty eight dollars for
• 8:00
  Speaker 4: all four moneys.
• 8:04
  Speaker 2: I didn't know that was a thing we need, did I?
• 8:06
  Speaker 2: And next time I need tires, I'm going to be
• 8:08
  Speaker 2: looking because they're so expensive.
• 8:11
  Speaker 6: Yeah.
• 8:11
  Speaker 4: And then that's one of those things like I don't
• 8:13
  Speaker 4: want to spend money on it, but like I have
• 8:15
  Speaker 4: to spend money on it.
• 8:16
  Speaker 1: Yeah.
• 8:16
  Speaker 2: Also it's about safety, so I'm like, oh, it separates
• 8:19
  Speaker 2: you from the road like that.
• 8:20
  Speaker 5: I guess that's one hundred.
• 8:23
  Speaker 4: Next, I've got a money win from Alissa, who said
• 8:25
  Speaker 4: she had groceries delivered to her place by accident, but
• 8:27
  Speaker 4: the driver had left before she realized. She would have
• 8:30
  Speaker 4: felt so awkward wall to let them know, and they
• 8:33
  Speaker 4: said that the order had likely been refunded or redelivered
• 8:36
  Speaker 4: so she could keep them. She said she got twelve
• 8:38
  Speaker 4: bags of groceries.
• 8:40
  Speaker 2: To be what she said, it was like hitting the
• 8:42
  Speaker 2: jackpot would have been hitting the jackpot, and you would
• 8:44
  Speaker 2: have been going through and be like, oh eggs this
• 8:46
  Speaker 2: whoever ordered dislikes the good brand, or they bought the
• 8:48
  Speaker 2: Joshes Ones. It's like a blind box, but adult version
• 8:53
  Speaker 2: actually want the stuff inside one hundred someone went through
• 8:57
  Speaker 2: and curated their grocery list and then you got it.
• 8:59
  Speaker 4: Yeah, may that kind of love find me genuinely putting
• 9:02
  Speaker 4: it out into the unis. Next, I've got a money
• 9:05
  Speaker 4: in from Asmina, who said she bought a bed frame
• 9:07
  Speaker 4: from Temble and Webster and while it was in transit
• 9:10
  Speaker 4: to her house, she noticed that it went on sale.
• 9:12
  Speaker 4: She emailed them to politely ask for a refund of
• 9:15
  Speaker 4: the difference and they credit it to her account within
• 9:17
  Speaker 4: a couple of days.
• 9:18
  Speaker 2: Beautiful money win again, don't ask, don't get genuinely.
• 9:22
  Speaker 4: And then last one from me this week, I've got
• 9:24
  Speaker 4: from Sarah who said money in. I found ten dollars
• 9:27
  Speaker 4: in a pocket of an old winter jacket.
• 9:29
  Speaker 2: Oh it made me maybe a bit.
• 9:31
  Speaker 4: I'll like surprise myself for next year, like once winter's over,
• 9:34
  Speaker 4: just squirrel something away in a pocket with like maybe
• 9:37
  Speaker 4: like you're doing great, sweetie, And ten dollars and then
• 9:39
  Speaker 4: I'll find it.
• 9:40
  Speaker 2: I'm still talking to you at the time that I
• 9:42
  Speaker 2: found a twenty dollar note in my ski pants.
• 9:44
  Speaker 4: So good, so nice.
• 9:46
  Speaker 2: I still talk about it. I'm like that was that
• 9:48
  Speaker 2: was amazing, That feeling was amazing.
• 9:49
  Speaker 4: There's nothing better than surprise money.
• 9:51
  Speaker 5: And check your pockets before you take things to the
• 9:53
  Speaker 5: op Chop because people you can find money in those things.
• 9:56
  Speaker 5: So check the opshop pockets and also the pockets.
• 9:59
  Speaker 2: Of can you check op Chop pockets at the shop
• 10:03
  Speaker 2: seeing the outfit.
• 10:04
  Speaker 4: I've seen mixedures to keep things because you know those
• 10:07
  Speaker 4: stories where someone was like, oh, I bought like a
• 10:09
  Speaker 4: jewelry box, then you know, got at home and opened
• 10:11
  Speaker 4: it up and it was like your jewelry and stuff
• 10:14
  Speaker 4: like that.
• 10:15
  Speaker 2: Yeah, I just I don't know where the line is.
• 10:17
  Speaker 2: I just I don't know. But like, if you find
• 10:19
  Speaker 2: ten bucks in a pocket at the op shop but
• 10:22
  Speaker 2: you didn't buy the outfit, what do you do, Jess?
• 10:24
  Speaker 4: I'll probably give you the shop.
• 10:25
  Speaker 2: Of course you're so huge.
• 10:28
  Speaker 4: It's not I'm not out of pocket, just financially.
• 10:32
  Speaker 2: No, we all know Jess is better than everybody. She
• 10:36
  Speaker 2: doesn't know to be.
• 10:36
  Speaker 5: We just know she is, Yeah, you actually are.
• 10:39
  Speaker 2: Just what else have you got for us?
• 10:40
  Speaker 4: That's it for me this day?
• 10:41
  Speaker 2: It's alright, is your time to shine, Misspecs. You're broke
• 10:46
  Speaker 2: chips really quickly?
• 10:46
  Speaker 5: You have money when and that is obviously shot Back related.
• 10:51
  Speaker 2: Paying you on the side by chance, because I feel
• 10:53
  Speaker 2: like shot Back had been sliding into your DMS. Because
• 10:55
  Speaker 2: you know, my friend in a very committed relationship with them.
• 10:59
  Speaker 2: I wouldn't be mad, but we just need to be transparent.
• 11:02
  Speaker 1: You know.
• 11:03
  Speaker 5: I am obsessed to shop Back, so I know, but
• 11:04
  Speaker 5: they're not paying you. They're not they're not behaving.
• 11:08
  Speaker 2: And guess if you're listening to this, call me please,
• 11:11
  Speaker 2: I'm obsessed. But no.
• 11:13
  Speaker 5: Well, I was telling BD that I'm going to Thailand
• 11:15
  Speaker 5: and I bought hotels.
• 11:17
  Speaker 2: I kind of low key love it.
• 11:18
  Speaker 5: I bought hotels, but I did it. I was sorry,
• 11:20
  Speaker 5: one hotel and do through after pay. So I was like, well,
• 11:23
  Speaker 5: I've forced myself to go even though I haven't saved
• 11:25
  Speaker 5: for it. But I did through shop Back and it's
• 11:27
  Speaker 5: like I get like, I've got like fifty bucks back
• 11:31
  Speaker 5: and then they do arlo on Shopback, which is like
• 11:33
  Speaker 5: the e sim they do travel insurance. God, sorry, I
• 11:36
  Speaker 5: stop talking about shop back back.
• 11:37
  Speaker 2: We should try and plan like a holiday soon, yes,
• 11:40
  Speaker 2: so that we can like contact all of these travel
• 11:42
  Speaker 2: brands and be like, what a coincidence. We should work together.
• 11:45
  Speaker 4: If anyone like to send Team Shees and the money
• 11:47
  Speaker 4: on a holiday, yeah, figure it out.
• 11:49
  Speaker 2: For looking at you, United in virgin again.
• 11:53
  Speaker 4: We wouldn't hate it if somebody has to.
• 11:56
  Speaker 2: If someone we would be grateful.
• 12:00
  Speaker 5: And you know the content you will get out of us.
• 12:02
  Speaker 5: We'll do anything for you already work for free back
• 12:06
  Speaker 5: apparently exactly.
• 12:09
  Speaker 2: Wow.
• 12:09
  Speaker 5: Yeah, I really should stop mentioning them until they send
• 12:12
  Speaker 5: me something.
• 12:12
  Speaker 2: Like shop back this is a free trial.
• 12:14
  Speaker 5: Yeah, and honestly, just send me one chopp a chop
• 12:16
  Speaker 5: and I would be happy.
• 12:18
  Speaker 2: Is it chopp a chop in my bag? If you
• 12:19
  Speaker 2: want it? Coke?
• 12:20
  Speaker 5: Please?
• 12:20
  Speaker 2: What you say? Sorry, I've got a chap a champ
• 12:21
  Speaker 2: in my bag if you wanted. I think there's a cokequin.
• 12:24
  Speaker 5: Oh my god, Oh my god, oh my god. Access
• 12:26
  Speaker 5: so happy right now. I was so excited. That's all
• 12:27
  Speaker 5: I'm going to think about for the rest of you
• 12:29
  Speaker 5: can collect it from a bag on your except you
• 12:31
  Speaker 5: so much, Okay, Broke tips. This first one comes from Emma,
• 12:35
  Speaker 5: who said that she went to two phone companies in person.
• 12:39
  Speaker 5: For her, it was Optus and then she went to Telstra,
• 12:41
  Speaker 5: but then got home and chatted to Optus online. She
• 12:44
  Speaker 5: was in a nine year contract to them, so she
• 12:46
  Speaker 5: asked me put through to their loyalty team and basically,
• 12:50
  Speaker 5: long story short, they offered her ten dollars off her
• 12:53
  Speaker 5: plan per month. She said that she would sign up
• 12:56
  Speaker 5: at that exact moment if they made it tween dollars
• 12:58
  Speaker 5: off a month, and they did so, now you're saving
• 13:01
  Speaker 5: a year and didn't even have to change providers, which
• 13:03
  Speaker 5: I think of the.
• 13:04
  Speaker 2: Votophone is going to be so annoyed that we're sharing
• 13:06
  Speaker 2: that because people are going to slide into their DMS. Yeah,
• 13:08
  Speaker 2: and like that's fine, you guys get that bank and
• 13:11
  Speaker 2: be like but I know you did it for someone
• 13:13
  Speaker 2: else totally totally.
• 13:15
  Speaker 5: And that's the thing with like, I think phone providers
• 13:17
  Speaker 5: as well my mie student all the time, and I'm like,
• 13:19
  Speaker 5: I would not have the.
• 13:20
  Speaker 2: Audacity speaking engagement. Earlier this month, actually, Votaphone have their
• 13:24
  Speaker 2: small business summit, so I was in Sydney earlier this
• 13:27
  Speaker 2: month speaking for them, so voter phone. I do adore you.
• 13:31
  Speaker 2: I know that we've got a close relationship, but I'm
• 13:33
  Speaker 2: really sorry. If there is a good money win for
• 13:35
  Speaker 2: my community, we're gonna still share it. We're gonna share it.
• 13:38
  Speaker 2: Sorry about it now.
• 13:40
  Speaker 5: This next one comes from Ella because I see that
• 13:42
  Speaker 5: there's a broke tips thing on the ses of money scheduled.
• 13:46
  Speaker 2: It every single week. Oh my god, we're going to
• 13:49
  Speaker 2: be sharing broke tips and Beck gets to pour over
• 13:52
  Speaker 2: all of the comments and then pull the best ones. Yes,
• 13:55
  Speaker 2: and I want those who didn't get picked to know
• 13:58
  Speaker 2: that I really appreciate it. They probably will come at
• 14:01
  Speaker 2: some point.
• 14:01
  Speaker 5: Oh girl.
• 14:02
  Speaker 2: The community just thrives off the fact that they can
• 14:04
  Speaker 2: read through hundreds of comments, like whether they end up
• 14:08
  Speaker 2: on the pod or not.
• 14:09
  Speaker 5: God, it's useful.
• 14:10
  Speaker 2: Thank you.
• 14:10
  Speaker 5: So the second one comes from Ella, who says that
• 14:13
  Speaker 5: she's on medication that is not on PBS and it
• 14:15
  Speaker 5: is quite expensive. She discussed with the pharmacisty at like
• 14:19
  Speaker 5: the double the dose. So it's like if you have,
• 14:21
  Speaker 5: like it's five milligram to make it ten and then
• 14:24
  Speaker 5: you buy half, does that make sense?
• 14:25
  Speaker 2: Yeah? Absolutely. My GP actually mentioned this to Yeah the
• 14:28
  Speaker 2: other week. So carry on with that and then I'll
• 14:30
  Speaker 2: tell you about Greg.
• 14:31
  Speaker 1: I know.
• 14:33
  Speaker 5: Basically she just said, make sure you talk to your
• 14:34
  Speaker 5: doctor or pharmacist before you do this, because some medications
• 14:38
  Speaker 5: can't be hard. I guess if it's like maybe you
• 14:40
  Speaker 5: know those tablets is like American tablets. Yeah, like the
• 14:43
  Speaker 5: capsules too hard, but like those white ones, like a paracetamol,
• 14:47
  Speaker 5: you can split in half half, so that would save
• 14:51
  Speaker 5: you a little bit of money.
• 14:52
  Speaker 2: As if it's not absolutely does so my GP Greg
• 14:55
  Speaker 2: shout out to Greg. He is very impressive. And the
• 14:58
  Speaker 2: other day I was on the phone team because I
• 14:59
  Speaker 2: just a telehealth appointment and I was asking for like
• 15:02
  Speaker 2: a script, and he said, do you still do that
• 15:04
  Speaker 2: little podcast if you're soon? Said yep, do Greg? Absolutely.
• 15:07
  Speaker 2: He said, well, I've got a money in for you.
• 15:10
  Speaker 2: He's like, I have been giving you every single time
• 15:13
  Speaker 2: you get your scripts two months supply instead of one month.
• 15:16
  Speaker 2: And I was like, oh, I just thought that they're
• 15:19
  Speaker 2: like I didn't question it. I just thought that the
• 15:21
  Speaker 2: chemist had been like taping two boxes together for me
• 15:25
  Speaker 2: and just like giving it to me. But he's like, no, Victoria,
• 15:28
  Speaker 2: that was me. I've been giving you a two month
• 15:30
  Speaker 2: supply every time you go and pick it up because
• 15:32
  Speaker 2: it's cheaper. So if you tell your community to ask
• 15:36
  Speaker 2: your GP to give you a two month supply instead
• 15:38
  Speaker 2: of a one month supply, it will be less. And
• 15:40
  Speaker 2: I was like, oh, that's a really good one. And
• 15:41
  Speaker 2: he said, also if you take any over the counter medication,
• 15:45
  Speaker 2: So if you're going to the pharmacy and asking for
• 15:48
  Speaker 2: like creams or medications that are just behind the counter
• 15:52
  Speaker 2: but you don't need a script for he said, sometimes
• 15:55
  Speaker 2: if you ask your GP for a script for it,
• 15:57
  Speaker 2: it then falls onto the PBS and you get it cheaper. Oh,
• 16:01
  Speaker 2: so shout out to Greg.
• 16:02
  Speaker 4: I love Greg.
• 16:03
  Speaker 2: We love Greg the Little podcast last Greg. I've been
• 16:05
  Speaker 2: my GP for like ten years and like he's the best.
• 16:09
  Speaker 5: He sounds sweet, my god, this is so.
• 16:11
  Speaker 2: And also sorry. He takes every single concern I've ever
• 16:14
  Speaker 2: had very seriously. Oh that's good. Anytime I'm like, oh,
• 16:17
  Speaker 2: I don't like this, He's like, we'll get to the
• 16:19
  Speaker 2: bottom of it. Victoria, that's what we want to hear,
• 16:21
  Speaker 2: that's what that's what we want. Don't be dismissive anyway,
• 16:25
  Speaker 2: be more like Greg. What else if you got more
• 16:27
  Speaker 2: like Greg?
• 16:28
  Speaker 5: And then my broke tip. I don't use chat GPT.
• 16:33
  Speaker 5: I want to preface I don't use it. I don't
• 16:37
  Speaker 5: you know, there's some things that I anyway, I don't
• 16:39
  Speaker 5: love it. But anyway, apparently if you use chat GPT,
• 16:43
  Speaker 5: you can ask it to get you, like find you
• 16:47
  Speaker 5: discount code. Absolutely can a specific website or like maybe
• 16:51
  Speaker 5: just in general. I'm not really sure you can ask
• 16:53
  Speaker 5: it for anything then anything. So if you're like, I
• 16:56
  Speaker 5: really want this lamb from Ventin and Venton, please find
• 16:59
  Speaker 5: me a discount code.
• 17:00
  Speaker 2: You can also say when do you think their next
• 17:02
  Speaker 2: sale is going to be? And I could say, well,
• 17:04
  Speaker 2: actually their last sale was here, and last year in
• 17:07
  Speaker 2: October they went on sale for up to forty percent off,
• 17:09
  Speaker 2: so you might want to hold off. Victoria. Oh my god,
• 17:12
  Speaker 2: wild Yes, so much smarter than I'll ever be. Whoa,
• 17:15
  Speaker 2: that is really cool. It's low key terrifying, I know, but.
• 17:19
  Speaker 5: Also like really cool. Anyway, Maybe I will ask about
• 17:21
  Speaker 5: Fenton and Fenter later, but anyway, so that is my
• 17:24
  Speaker 5: broke tip for this week.
• 17:27
  Speaker 2: I love that. All right, Well, I think that that's
• 17:30
  Speaker 2: where we're going to put a pin in it. We're
• 17:31
  Speaker 2: going to go to a break because on the flip side.
• 17:33
  Speaker 2: We're going to be talking about whether you should be
• 17:35
  Speaker 2: topping up your superannuation because a lot of you in
• 17:38
  Speaker 2: the community during COVID took some money out and something
• 17:41
  Speaker 2: that you just lead into our DMS about. We're chatting
• 17:43
  Speaker 2: about how to get out of that comparison spiral with
• 17:46
  Speaker 2: your friends, which I think is going to be really relatable.
• 17:48
  Speaker 2: So guys, don't go anywhere. Welcome back, everybody. Let's take
• 17:56
  Speaker 2: a listen to this week's money dilemma.
• 18:00
  Speaker 3: Hi, there, have you got a money dilemma you just
• 18:02
  Speaker 3: can't solve that. She's on the Money Team is here
• 18:05
  Speaker 3: to help.
• 18:06
  Speaker 2: Every week we tackle your dilemmas, both big and small,
• 18:09
  Speaker 2: to answer your most burning money, career and life questions.
• 18:12
  Speaker 2: To get involved, simply head to our website and leave
• 18:15
  Speaker 2: us a short voice recording and you might just find
• 18:17
  Speaker 2: yourself on the show. Now, let's take a listen to
• 18:20
  Speaker 2: this week's money dilemma.
• 18:23
  Speaker 6: Hello, She's on the Money Team. I'm just reaching out
• 18:26
  Speaker 6: because I have a money dilemma that I would love
• 18:28
  Speaker 6: some advice on. So through COVID, I did take advantage
• 18:32
  Speaker 6: of the twenty thousand dollars that you could take, and
• 18:35
  Speaker 6: I did use it to pay off all of my
• 18:38
  Speaker 6: car loan, which I don't regret because it has put
• 18:41
  Speaker 6: me in a much better financial precision even to this day.
• 18:45
  Speaker 6: I guess my question is is that I am coming
• 18:47
  Speaker 6: into a large amoun of money early next year and
• 18:50
  Speaker 6: I'm not sure if I should be putting that twenty
• 18:52
  Speaker 6: thousand dollars back into SUPER or if I should be
• 18:56
  Speaker 6: putting it elsewhere.
• 18:57
  Speaker 2: A little background is.
• 18:59
  Speaker 6: I do vest with shares is and also raise. I
• 19:03
  Speaker 6: do have a healthy emergency fund and I'm almost finished
• 19:07
  Speaker 6: with my house deposit, but that payout will support that,
• 19:11
  Speaker 6: and also putting twenty thousand in SUPER if that's the
• 19:14
  Speaker 6: right thing to do. I would really love some advice
• 19:17
  Speaker 6: to see what your opinions are with what I should
• 19:20
  Speaker 6: do with that or if I should be redeploying it elsewhere.
• 19:25
  Speaker 6: I really appreciate you listening to this, and I can't
• 19:27
  Speaker 6: wait to hear your feedback. Thank you so much.
• 19:29
  Speaker 2: By Oh you sound so kind. Yeah, what do you guys? Reckon?
• 19:36
  Speaker 2: I used to work for a SUPER company.
• 19:38
  Speaker 5: Come on back, I know, well, I think you should.
• 19:43
  Speaker 2: Well, this is what I would do.
• 19:45
  Speaker 5: I would put it back in SUPER as a personal
• 19:49
  Speaker 5: contribution that is a after tax contribution and then claim
• 19:54
  Speaker 5: that back on tax and then maybe you get some
• 19:58
  Speaker 5: of that back and then you can do whatever.
• 20:00
  Speaker 2: You get fifteen percent back because most people in our
• 20:04
  Speaker 2: community are on a marginal tax bracket of about thirty percent.
• 20:08
  Speaker 2: And if you're not capping out your contributions, which is
• 20:11
  Speaker 2: at thirty thousand dollars, the superanuation environment's tax rate is
• 20:16
  Speaker 2: fifteen percent, so come tax time, she would get fifteen
• 20:19
  Speaker 2: percent tax back.
• 20:20
  Speaker 5: True, but there is a there is a personal contribution.
• 20:25
  Speaker 5: I think there's a there's a tax specifically the amount
• 20:28
  Speaker 5: that you can claim back on tax.
• 20:30
  Speaker 2: I think up to thirty thousand dollars up to three
• 20:32
  Speaker 2: thousand on tax.
• 20:33
  Speaker 5: Okay, there you go.
• 20:34
  Speaker 2: That's the cap. So anything above and beyond that becomes marginal,
• 20:38
  Speaker 2: like defaults back to marginal tax bracket. You don't get
• 20:41
  Speaker 2: to percent tax rate.
• 20:42
  Speaker 5: So I mean, that's what I if I had the
• 20:45
  Speaker 5: money too, But I was given that kind of money
• 20:47
  Speaker 5: right now, it would not be going into super I would.
• 20:49
  Speaker 2: Be spending it on Thailand.
• 20:51
  Speaker 5: Absolute absolutely, But yeah, if I was in a good place,
• 20:55
  Speaker 5: maybe I would do that.
• 20:55
  Speaker 2: Thailand has the best food. I can't wait for you honestly,
• 21:00
  Speaker 2: Island is one of the most underrated travel locations. I reckon, Yeah, okay,
• 21:04
  Speaker 2: so well priced, like I would say, so cheap, so
• 21:07
  Speaker 2: cultural that the people are so friendly, like I've been before.
• 21:11
  Speaker 2: I adaughed it. I can't wait anyway. Side note, I'm
• 21:13
  Speaker 2: so excited, Jess, what would you do about the super question?
• 21:17
  Speaker 2: Have you been to Thailand?
• 21:18
  Speaker 4: I haven't been to Thailand.
• 21:19
  Speaker 2: I've just got to go to day Land.
• 21:20
  Speaker 5: So that, like said super question, is it's super question?
• 21:23
  Speaker 5: Super question sounds exactly the same.
• 21:26
  Speaker 4: I would say, twenty thousand dollars is a really significant
• 21:28
  Speaker 4: amount to take out of your super not knowing how
• 21:31
  Speaker 4: much you have invested. The only way that I would
• 21:33
  Speaker 4: say it's balance is if you've invested twenty thousand dollars
• 21:37
  Speaker 4: and you intend to not touch that until retirement. If
• 21:40
  Speaker 4: you haven't done that, I would say I personally would
• 21:43
  Speaker 4: be looking to put the money back in because taking
• 21:45
  Speaker 4: twenty thousand dollars out, especially during COVID, which is now
• 21:48
  Speaker 4: four or five years ago, like you're you've already already
• 21:52
  Speaker 4: a lot of time compounding, and so I would really
• 21:54
  Speaker 4: be prioritizing paying that money back as a matter of urgency. Personally,
• 21:59
  Speaker 4: you can and elect to invest it outside of Super instead,
• 22:02
  Speaker 4: but as Beck said, there's obviously the tax benefits of
• 22:05
  Speaker 4: putting it back in. I also just think it's nice
• 22:08
  Speaker 4: that you can't touch it. I think we're all sometimes
• 22:10
  Speaker 4: a little bit tempted to dig into money we've got
• 22:12
  Speaker 4: put aside, whereas obviously once you put it into super,
• 22:14
  Speaker 4: you're not getting it back out. So I would be
• 22:17
  Speaker 4: making it a priority personally. I would say, if you
• 22:20
  Speaker 4: haven't listened, we did an episode during COVID. It would
• 22:22
  Speaker 4: have been twenty twenty one, twenty twenty.
• 22:25
  Speaker 2: It was so long ago, it was really old now, Jeff.
• 22:28
  Speaker 4: But it was specifically about how to catch your super
• 22:31
  Speaker 4: backup if you took money out.
• 22:33
  Speaker 2: Yeah, that's actually still all vvery.
• 22:35
  Speaker 4: Which I think would probably be pertinent to our listeners,
• 22:37
  Speaker 4: specifically to explain a bit more why you might want
• 22:40
  Speaker 4: to prioritize it.
• 22:41
  Speaker 2: Yeah, I can't give you personal advice, but I would
• 22:43
  Speaker 2: be looking at what your supervalance is right now. And
• 22:47
  Speaker 2: if you took twenty thousand out, but you didn't mention
• 22:50
  Speaker 2: anything about you know, I always make contributions or whatever.
• 22:53
  Speaker 2: I'm assuming that you're behind for your age, so like,
• 22:56
  Speaker 2: that's not an ideal situation to be in, and it's
• 23:00
  Speaker 2: something that I would be trying to remedy, whether that
• 23:02
  Speaker 2: is making a lump sum contribution now or going okay,
• 23:06
  Speaker 2: well I've got this twenty thousand and like maybe for
• 23:08
  Speaker 2: some reason you don't feel like you want to put
• 23:10
  Speaker 2: it in super and you want to invest it in
• 23:11
  Speaker 2: sharesse like go off, But like, let's make a plan
• 23:15
  Speaker 2: that maybe you're contributing additional so that you make that
• 23:18
  Speaker 2: money back up. Because women were already behind when it
• 23:21
  Speaker 2: comes to super. We are already retiring with lesser money
• 23:23
  Speaker 2: than men. We are already not in the best possible
• 23:26
  Speaker 2: financial position, and when we're young, we just don't take
• 23:29
  Speaker 2: how super seriously And just that's why we recorded that
• 23:31
  Speaker 2: episode of like What to Do If You took money out,
• 23:34
  Speaker 2: because it was so damn tempting, totally, Like if the
• 23:37
  Speaker 2: government's like, hey, do you want to access ten grand
• 23:39
  Speaker 2: of your super or twenty grand of your super? A
• 23:41
  Speaker 2: lot of us were like, yeah, I don't want to
• 23:43
  Speaker 2: have personal debt, I don't want to have my loan.
• 23:45
  Speaker 2: I don't want to do these things. And you know what, financially,
• 23:49
  Speaker 2: for a lot of us taking money out of superannuation
• 23:52
  Speaker 2: and paying off a personal debt that had a high
• 23:55
  Speaker 2: interest rate was actually not the worst idea. The thing
• 23:58
  Speaker 2: we did a disservice to ourselves on was not upping
• 24:02
  Speaker 2: our contributions after to make back the money. And I
• 24:06
  Speaker 2: know a few people in our community were like, hey, hey, hey,
• 24:08
  Speaker 2: this feels like a money hack. I'm gonna take the
• 24:10
  Speaker 2: twenty grand, but I'm gonna up my contributions through my
• 24:14
  Speaker 2: workplace so it'll be back in my super account in
• 24:17
  Speaker 2: like three years. But I also can pay down some debts.
• 24:20
  Speaker 2: So like they did the maths and realized that's actually
• 24:23
  Speaker 2: a really good financial play. But I think a lot
• 24:25
  Speaker 2: of us just were like, free money, fantastic, and we
• 24:28
  Speaker 2: didn't think about the broader implications or what that might
• 24:31
  Speaker 2: mean for us in retirement. And like it's not sexy
• 24:34
  Speaker 2: to talk about retirement, Like how many of us want
• 24:36
  Speaker 2: to see Like I'm sorry, beck, you and I want
• 24:38
  Speaker 2: to talk about like the unhinged money hacks from TikTok.
• 24:42
  Speaker 2: That's where our brains are at right now. So like
• 24:44
  Speaker 2: talking about retirement, she's boring, she's not exciting, but like
• 24:48
  Speaker 2: that's future us and she deserves the best possible future
• 24:51
  Speaker 2: as well. So let's make sure that. Firstly, let's look
• 24:54
  Speaker 2: at your super Are you behind unfortunately because you said
• 24:58
  Speaker 2: you didn't make additional contribution and you did take cash out,
• 25:01
  Speaker 2: I'm going to assume that you're probably behind for your age.
• 25:03
  Speaker 2: How do we get back to where we need to be?
• 25:05
  Speaker 2: Maybe that lump some contribution is a very sexy way
• 25:08
  Speaker 2: of doing it. You are going to get some tax
• 25:10
  Speaker 2: back come tax time, which is nice, but what does
• 25:13
  Speaker 2: that actually look like for you? So maybe do some
• 25:15
  Speaker 2: numbers work out what you want to do, or maybe
• 25:18
  Speaker 2: not the twenty thousand, Maybe you do all right, I
• 25:20
  Speaker 2: want to invest fifteen thousand on charesies because I want
• 25:23
  Speaker 2: more direct access to it. I'm going to chuck five
• 25:25
  Speaker 2: grand in and I'm going to set up an automatic
• 25:27
  Speaker 2: contribution with my workplace so that over the next two
• 25:30
  Speaker 2: years it gets made back up and I'm never going
• 25:33
  Speaker 2: to be behind again. Yeah, there can be a plan.
• 25:35
  Speaker 2: It doesn't have to be a lump some contribution.
• 25:37
  Speaker 4: Yes, you're going to be inheritance. It might be worth
• 25:39
  Speaker 4: just getting some advice where someone can one hundred percent
• 25:42
  Speaker 4: everything and one hundred percent And I think that the
• 25:44
  Speaker 4: inheritance is such a fickle conversation because sometimes you go
• 25:48
  Speaker 4: and like, I'm not saying that this is true at all,
• 25:50
  Speaker 4: but sometimes people go, oh, it's only one hundred thousand dollars,
• 25:53
  Speaker 4: because that's a whole heap of money, right, But for
• 25:56
  Speaker 4: a lot of people, they go, well, that's a house deposit.
• 25:58
  Speaker 2: I'm just going to use it for that. Or they
• 26:00
  Speaker 2: might go, oh, well that's not enough to change our life.
• 26:03
  Speaker 2: Like it's a life changing amount of money for a
• 26:05
  Speaker 2: lot of people, but for some people who already have
• 26:07
  Speaker 2: full time careers and maybe they've already got their mortgage,
• 26:09
  Speaker 2: it's not such a life changing amount that like it
• 26:12
  Speaker 2: changes their lifestyles. Yeah, their mortgage might go down by
• 26:16
  Speaker 2: one hundred grand, but like they don't see it as
• 26:18
  Speaker 2: a priority to seek advice on that money. But like
• 26:21
  Speaker 2: that could be the start of kicking off financial freedom. Yes,
• 26:25
  Speaker 2: you could put it on your mortgage, or we could
• 26:27
  Speaker 2: spend a little bit, get some advice and put ourselves
• 26:30
  Speaker 2: in the best possible position. Like let's just see it
• 26:33
  Speaker 2: as an opportunity.
• 26:34
  Speaker 4: Totally.
• 26:35
  Speaker 2: Yeah, weird little excited to this one. Do you know what,
• 26:38
  Speaker 2: I'm not excited. I think I'm still just a bit
• 26:40
  Speaker 2: disheartened because I feel like a lot of us are
• 26:43
  Speaker 2: going through this at the moment where we're like doing
• 26:46
  Speaker 2: the analysis paralysis or comparing ourselves to each other, and like,
• 26:49
  Speaker 2: I'm victim to this all the time. I'm not just
• 26:52
  Speaker 2: comparing myself to my friends. I'm comparing myself to random
• 26:55
  Speaker 2: people that I see on TikTok that I'm like, Yeah,
• 26:57
  Speaker 2: what do you mean. She's a mum and has the
• 26:59
  Speaker 2: same age kid is me, and I'm not doing xyz.
• 27:03
  Speaker 2: It's delusional. So someone wrote into she's on the money, Hi,
• 27:07
  Speaker 2: She's on the money. I recently hit what I thought
• 27:10
  Speaker 2: was a huge milestone. I landed a new job and
• 27:13
  Speaker 2: I finally cracked six figures for the first time. I
• 27:16
  Speaker 2: was feeling pretty great and so happy for the extra income.
• 27:19
  Speaker 2: See that's good. That was until I caught up with
• 27:22
  Speaker 2: a friend who just got a new job and she
• 27:24
  Speaker 2: told me that she's earning more than two hundred thousand dollars.
• 27:28
  Speaker 2: She's much younger than me, and she didn't even go
• 27:30
  Speaker 2: to university. She just worked her way up in a
• 27:32
  Speaker 2: good company. She's absolutely killing it, and I am really
• 27:35
  Speaker 2: happy for her. But I'd be lying if I said,
• 27:39
  Speaker 2: it didn't make me feel like my salary now isn't enough. Now,
• 27:42
  Speaker 2: even though I like my job and I worked so
• 27:45
  Speaker 2: hard to get here, I can't stop feeling like I'm
• 27:47
  Speaker 2: not earning enough money. I've started looking at other roles constantly,
• 27:52
  Speaker 2: even though I don't actually want to leave my business.
• 27:55
  Speaker 2: I just feel like there is no way I could
• 27:57
  Speaker 2: ever earn that much, and it's starting to really affect
• 27:59
  Speaker 2: myself worth. I don't know how to change this money mindset.
• 28:02
  Speaker 2: What would you guys do? So I want to hurt
• 28:05
  Speaker 2: your money doesn't define you for your self worth. I
• 28:09
  Speaker 2: don't know, Like I just want to jump up and
• 28:11
  Speaker 2: down and be like, your self worth is not connected
• 28:14
  Speaker 2: to how much money you earned.
• 28:15
  Speaker 4: Yeah, not at all.
• 28:16
  Speaker 2: Do you know how many people I've met who were rich,
• 28:18
  Speaker 2: who I think are absolutely awful people, and people who
• 28:21
  Speaker 2: don't earn that much that I'm like, you are the
• 28:23
  Speaker 2: best human in the entire world.
• 28:25
  Speaker 5: Yeah.
• 28:25
  Speaker 2: Oh, anyway, you guys have the floor because like this
• 28:29
  Speaker 2: one just gets me, maybe because I can relate.
• 28:31
  Speaker 5: Yeah, I get it.
• 28:32
  Speaker 4: Yeah, I think that it's I want to validate your feelings,
• 28:36
  Speaker 4: like it's totally understandable. And as Victoria said, like it's
• 28:39
  Speaker 4: something I think a lot of his experienced it's really hard,
• 28:42
  Speaker 4: especially like for me personally, like cost of living is
• 28:45
  Speaker 4: something that's so hard. So I can see how even
• 28:47
  Speaker 4: when you achieve something, it really feels like you're swinging
• 28:50
  Speaker 4: up hill and then seeing other people around you. You know,
• 28:54
  Speaker 4: you said that she didn't go to UNI. You did,
• 28:56
  Speaker 4: so that you know, maybe makes you feel like you
• 28:59
  Speaker 4: to your question the choices, perhaps that you made all
• 29:01
  Speaker 4: the things that you've done. So I totally get how
• 29:03
  Speaker 4: you're feeling, and I want to just say that that's
• 29:05
  Speaker 4: okay and that's normal. I think what you need to
• 29:08
  Speaker 4: do is step back and go back to where you
• 29:10
  Speaker 4: were before you spoke to her, and you said to us,
• 29:12
  Speaker 4: I've wanted to hit six figures for a really long time,
• 29:15
  Speaker 4: Like I was so excited and you yeah, away, yeah,
• 29:19
  Speaker 4: like that's amazing. And you know, on the flip side,
• 29:21
  Speaker 4: I'm sure your friend was equally as excited to share
• 29:24
  Speaker 4: that with you, and she probably didn't consider that, you know,
• 29:27
  Speaker 4: by doing so, you feel it would make you feel
• 29:29
  Speaker 4: that way exactly. But I think, looking maybe at where
• 29:33
  Speaker 4: you've come from, what I try and do when I'm
• 29:36
  Speaker 4: feeling really down, on myself for you know, my progress
• 29:39
  Speaker 4: or you know, you guys know I've been saying for
• 29:40
  Speaker 4: like five years, I'm gonna buy house. This is how
• 29:42
  Speaker 4: many years have I said this is the YU and
• 29:45
  Speaker 4: it hasn't been, you know. And anytime I'm manifesting for you,
• 29:48
  Speaker 4: we're manifesting hard. But anytime that I'm really struggling with that,
• 29:52
  Speaker 4: I try and look at where I've come from. So
• 29:54
  Speaker 4: for me, if I go back six years, I had
• 29:57
  Speaker 4: credit card debt, I had zero savings. You know, now I've.
• 29:59
  Speaker 2: Got even though you don't have a house, you are
• 30:01
  Speaker 2: sitting on so much cash right now, like you are
• 30:03
  Speaker 2: killing it.
• 30:03
  Speaker 4: Saved a house supposit, I have an emergency fund. You know.
• 30:06
  Speaker 4: I've been able to do all these incredible things in
• 30:08
  Speaker 4: my career. So it sounds like our listener has done
• 30:11
  Speaker 4: the same thing. Like you've got a pay rise, you've
• 30:13
  Speaker 4: stated a company, you've got a job.
• 30:15
  Speaker 2: I remember, really hit six figures like it is a
• 30:17
  Speaker 2: big moment, Like it's really that's not little exactly.
• 30:21
  Speaker 4: And so I think, rather than look at what other
• 30:23
  Speaker 4: people are doing, sometimes looking back at where you've come from,
• 30:27
  Speaker 4: you can forget because we're always striving so hard.
• 30:30
  Speaker 2: To move forward.
• 30:31
  Speaker 4: We're always, you know, thinking about the next thing, and
• 30:33
  Speaker 4: we're also all trying to just keep our heads above water.
• 30:36
  Speaker 4: I think in this economy as well, so it can
• 30:38
  Speaker 4: be really easy to lose perspective on where you've come from.
• 30:41
  Speaker 4: So I think, honestly, like, go back, look at your
• 30:43
  Speaker 4: bank account from five years ago and see how far
• 30:46
  Speaker 4: you've come. Look at your position, Look at the job
• 30:49
  Speaker 4: that you had, maybe you hated it, maybe you know
• 30:51
  Speaker 4: you didn't like the team that you're in, or maybe
• 30:53
  Speaker 4: you were earning half of what you're earning now or whatever.
• 30:55
  Speaker 4: That looks like, I promise you, like I would bet
• 30:58
  Speaker 4: my house supposit you've made proud per and so I think.
• 31:02
  Speaker 2: You need to get your house deposit hard on that.
• 31:09
  Speaker 4: But you know, I think, go back and recognize all
• 31:11
  Speaker 4: the hard work that you've done, because that's so exciting.
• 31:13
  Speaker 4: And just because other people are achieving what maybe feels
• 31:16
  Speaker 4: like bigger or better things, doesn't mean that the progress
• 31:18
  Speaker 4: you've made is any less incredible or exciting.
• 31:22
  Speaker 2: To be put off totally, What you're not seeing is
• 31:25
  Speaker 2: that maybe you will get to that stage at some
• 31:27
  Speaker 2: point and you will earn two hundred grand, and maybe
• 31:29
  Speaker 2: we haven't comprehended that that's the cap of your friend's career. Yeah,
• 31:33
  Speaker 2: like maybe they've tapped out. And I'm not saying that
• 31:35
  Speaker 2: that's reality, because you know, we do a lot of
• 31:37
  Speaker 2: money diaries on this show, and you know, a couple
• 31:40
  Speaker 2: of months ago, we had somebody on the show who
• 31:43
  Speaker 2: worked in tech and like she was earning like half
• 31:45
  Speaker 2: a million dollars and had stocks and had all of
• 31:47
  Speaker 2: this stuff and hadn't done Unie right, and she's just
• 31:49
  Speaker 2: in this industry. I don't think that that means that
• 31:53
  Speaker 2: her friends that are earning less than her are less
• 31:55
  Speaker 2: than Like I can almost guarantee that your friend told
• 31:58
  Speaker 2: you because she was like, oh my god, Yess, I
• 31:59
  Speaker 2: really want to tell you this because I'm so proud
• 32:01
  Speaker 2: of myself, and I think you're going to be proud
• 32:03
  Speaker 2: of me too. Like you don't tell people things because
• 32:06
  Speaker 2: you go do you know what I'm going to tell
• 32:07
  Speaker 2: Jess I earn more than her because that'll make her
• 32:10
  Speaker 2: feel like trash. Yeah, no one does that. And so
• 32:13
  Speaker 2: your friend went into that with the best of intentions
• 32:16
  Speaker 2: to arguably celebrate and share with you, because like sharing
• 32:19
  Speaker 2: makes things burn brighter, right, Yeah, but didn't really comprehend
• 32:24
  Speaker 2: your feelings and that's okay, but it doesn't mean that
• 32:27
  Speaker 2: you're less than or different totally. And it could even
• 32:30
  Speaker 2: be a like, Okay, so you've seen somebody else who's
• 32:33
  Speaker 2: earning literally double do you want that lifestyle? So how
• 32:37
  Speaker 2: do you make your friend's lifestyle? Do you like that? Yes,
• 32:40
  Speaker 2: they're earning more cash, but like, at what cost? Is
• 32:43
  Speaker 2: a question I like to ask all the time, Like
• 32:46
  Speaker 2: you can do it, but like at what cost? Like
• 32:48
  Speaker 2: I could triple how much she's on the money earns,
• 32:51
  Speaker 2: but at what cost? I don't think anyone in our
• 32:53
  Speaker 2: team would be happy. I would have no work life balance,
• 32:56
  Speaker 2: my family would be suffering, like all of those things, Right,
• 33:00
  Speaker 2: So I think we need to zoom out and go well,
• 33:02
  Speaker 2: at what cost?
• 33:03
  Speaker 1: Or?
• 33:04
  Speaker 2: Hey? You know, I keep using Jess as an example
• 33:06
  Speaker 2: here because she spoke up first, I suppose, but let
• 33:09
  Speaker 2: yes use back. Hey, cool, so you've looked at that lifestyle,
• 33:12
  Speaker 2: Maybe you go that is really shiny. Do we want
• 33:15
  Speaker 2: to make a career pivot? What would that look like?
• 33:18
  Speaker 2: How could we work towards moving into a career where
• 33:21
  Speaker 2: you have that Because no shame, some of us are
• 33:24
  Speaker 2: very money motivated. You might adore your job, but you've
• 33:28
  Speaker 2: seen someone else and an opportunity that you go, I'm
• 33:30
  Speaker 2: smart enough to do that. Maybe you want to move,
• 33:33
  Speaker 2: Like maybe it's an opportunity to reflect on where we
• 33:36
  Speaker 2: are and what that might mean, and sometimes we could
• 33:39
  Speaker 2: fall back into I don't actually want that. I adore
• 33:41
  Speaker 2: my job, I have the best like work life balance whatnot.
• 33:44
  Speaker 2: And I'm really proud of where I've come from. Or hey,
• 33:47
  Speaker 2: that was actually a really good, like little trigger to
• 33:50
  Speaker 2: push me further.
• 33:51
  Speaker 5: Yeah, it really depends on what the friend does. I'm
• 33:54
  Speaker 5: really curious to know what your friend is.
• 33:57
  Speaker 2: Oh, I always you tell me you earnest dolls. I
• 34:00
  Speaker 2: want to know, like totally.
• 34:01
  Speaker 5: But also the fact that they came to you and
• 34:03
  Speaker 5: they're really excited about this, like you know this either
• 34:05
  Speaker 5: pay increase or salary or whatever it is. It's like
• 34:08
  Speaker 5: that in itself is kind of telling. It's like that
• 34:11
  Speaker 5: that is abnormal. That is not the norm for everyone.
• 34:14
  Speaker 5: If it was the norm for everyone, your friend wouldn't
• 34:16
  Speaker 5: have made a point to be so excited to share
• 34:20
  Speaker 5: that with you. It's like some sort of extraordinary circumstances.
• 34:23
  Speaker 5: I can promise you. I am so far away from
• 34:26
  Speaker 5: six figures. I don't know about you guys, but almost
• 34:29
  Speaker 5: everyone I know is so far away from it or
• 34:32
  Speaker 5: like just almost touching it. It's like that is a big,
• 34:36
  Speaker 5: big deal. So that is incredible and you should really
• 34:39
  Speaker 5: be proud of yourself for getting there. But also exactly
• 34:43
  Speaker 5: what you guys are saying, like it is so funny.
• 34:45
  Speaker 5: I was having this conversation last night about money and
• 34:47
  Speaker 5: career and all this stuff, and really we have to like,
• 34:51
  Speaker 5: first of all, realize that the value we put on roles,
• 34:56
  Speaker 5: like everything's kind of just made up, you know what
• 34:59
  Speaker 5: I mean. So I think that like, first of all,
• 35:02
  Speaker 5: we need money to like buy food and all these
• 35:05
  Speaker 5: kind of things. And like, if the lifestyle you live
• 35:09
  Speaker 5: is what you like, if you are happy, exactly as
• 35:12
  Speaker 5: VD was saying, if you're happy, cool, it doesn't it
• 35:15
  Speaker 5: honestly doesn't matter. If you have some disposable income, you
• 35:17
  Speaker 5: can buy some luxuries, you're paying for your rent, your food,
• 35:21
  Speaker 5: you'll whatever else you need to pay for. If you're covered,
• 35:24
  Speaker 5: if you're not struggling every single day, and you're fairly happy,
• 35:28
  Speaker 5: you're fairly comfortable. That is so much more than I
• 35:34
  Speaker 5: could ever imagine. Like that is just so cool, Like
• 35:36
  Speaker 5: that would be amazing and so but yeah, I think
• 35:40
  Speaker 5: when we look at what other people are earning, we
• 35:43
  Speaker 5: have to think about like, if I want that, would
• 35:46
  Speaker 5: you completely switch up and do exactly everything they're doing?
• 35:50
  Speaker 5: If not, hey Lee, let let them be. You know,
• 35:53
  Speaker 5: there's like five Fox workers that make like a million
• 35:56
  Speaker 5: dollars a second. I'm like, that is amazing, but but
• 35:58
  Speaker 5: I won't do that far Yeah, would I do that?
• 36:00
  Speaker 3: No?
• 36:01
  Speaker 2: Absolutely not.
• 36:01
  Speaker 5: So I'm like, I'm sitting here, I'm comfy, I whateverfo
• 36:05
  Speaker 5: I can't imagine it. Can you imagine?
• 36:06
  Speaker 2: I can be like I'm not getting out of bed? Sorry,
• 36:08
  Speaker 2: I kind of think that would that.
• 36:09
  Speaker 4: I can't imagine you're far away from your circle of.
• 36:12
  Speaker 5: No exactly I would it. So that's the thing is
• 36:14
  Speaker 5: that like you have to firstly look at like not
• 36:16
  Speaker 5: just like the dollar amount, you have to look at
• 36:19
  Speaker 5: what your friend is doing and if you would swap
• 36:20
  Speaker 5: everything over, and also realize that the amount you're on,
• 36:25
  Speaker 5: not everyone is on. But yeah, your your worth and
• 36:28
  Speaker 5: your value comes from within because everything else on the
• 36:31
  Speaker 5: outside is just made up.
• 36:35
  Speaker 2: And I also think before I move on to the listener,
• 36:37
  Speaker 2: like to what our community said, we all struggle with it,
• 36:41
  Speaker 2: like I struggle with it, Jess struggles with it. Bex.
• 36:45
  Speaker 2: We all do it. So even your friend who just
• 36:48
  Speaker 2: told you I own two hundred grand, I can promise
• 36:50
  Speaker 2: you she's found a ring of people that she's comparing
• 36:53
  Speaker 2: herself to. She's comparing herself to everyone at work, being
• 36:56
  Speaker 2: like I've made two hundred grand, but like so and
• 36:58
  Speaker 2: so over there, I know it gets bonuses because they've
• 37:00
  Speaker 2: got a different remuneration structure. And someday I'm going to like,
• 37:03
  Speaker 2: we're all comparing ourselves and we need to just stop
• 37:07
  Speaker 2: because it's where is the productiveness in this? It does?
• 37:11
  Speaker 2: What point? Did that ever actually help you? Exactly? So
• 37:15
  Speaker 2: we asked our community. First question we asked was do
• 37:18
  Speaker 2: you ever get stuck in a comparison spill with friends?
• 37:22
  Speaker 2: Percent of you said yep, all the time. It's exhausting.
• 37:25
  Speaker 4: Only twenty five percent.
• 37:26
  Speaker 2: Wait, then fifty eight percent of you said yep, sometimes
• 37:29
  Speaker 2: I catch myself doing it. So we all do it.
• 37:31
  Speaker 2: And then seventeen percent of you are better than all
• 37:34
  Speaker 2: of us and said, nah, I'm really good at staying
• 37:36
  Speaker 2: in my own lane. Could DM and tell us exactly
• 37:41
  Speaker 2: how you stay in your own lane, because girl, I'm
• 37:43
  Speaker 2: on the freeway, like no, I'm on the freeway. I
• 37:51
  Speaker 2: can see all the lanes. I can't stay in my
• 37:53
  Speaker 2: lane because the people in front of me, they're gone slow.
• 37:56
  Speaker 2: I need to overtake you. You're just a little street screen.
• 38:01
  Speaker 2: We aren't on the country roads, you know. Next question
• 38:04
  Speaker 2: we asked was do you struggle to separate your money
• 38:06
  Speaker 2: and your self worth? Fifty two percent of you said sometimes,
• 38:10
  Speaker 2: depending on how I'm tracking. Twenty seven percent of you
• 38:13
  Speaker 2: said yeah, they feel really linked. And again, twenty two
• 38:16
  Speaker 2: percent of you are better at much of this than
• 38:19
  Speaker 2: we are, and said, no, I know my self worth.
• 38:21
  Speaker 2: Isn't my income ride well into my dms? And you
• 38:25
  Speaker 2: tell me how you do that, because we need to
• 38:28
  Speaker 2: do a whole episode on how you guys are living
• 38:30
  Speaker 2: your lives because I need your tips personally. So that's
• 38:34
  Speaker 2: just a selfish request. And we then said to the community, guys,
• 38:38
  Speaker 2: what's your two cents? First person said, I'm thirty eight
• 38:41
  Speaker 2: and I feel like I'm never going to reach six figures.
• 38:44
  Speaker 2: I love my job, though, so I'm happy to put
• 38:46
  Speaker 2: up with the lot. Holy absolutely. Next person said, talk
• 38:49
  Speaker 2: to a professional. Your work probably has a free EAP
• 38:52
  Speaker 2: program that can do wonders for mindset and direction.
• 38:55
  Speaker 4: That's a good one.
• 38:56
  Speaker 2: That's a good one because that's free. Baby. Another person said,
• 39:00
  Speaker 2: to think about all the times you were dreaming about
• 39:02
  Speaker 2: it being exactly.
• 39:03
  Speaker 5: Where you are right now, exactly right.
• 39:05
  Speaker 2: They have a j name as well, so that feels
• 39:07
  Speaker 2: like a Jess thing to say. Next person said, there's
• 39:10
  Speaker 2: a documentary called Happy Once Basic needs a man happiness
• 39:14
  Speaker 2: doesn't actually increase with money. I'm going to go watch
• 39:17
  Speaker 2: that doctu that reminds you.
• 39:18
  Speaker 4: There's a book called The Happiness Project that I read
• 39:20
  Speaker 4: years and years ago that I really liked. Similar concept.
• 39:23
  Speaker 2: I think I have that book, but I've never read it.
• 39:25
  Speaker 2: The yellow one right, yeah. Yeah. Next person said, I'm
• 39:29
  Speaker 2: the friend that out earns all of my friends, and
• 39:31
  Speaker 2: I really hope that they don't feel like this. That's
• 39:34
  Speaker 2: not why I shared. Another person said, I earn a
• 39:37
  Speaker 2: lot less than all my friends, but I've got more
• 39:40
  Speaker 2: time with my kids, and I think I'm happier.
• 39:42
  Speaker 4: I love that we've had two opposites there.
• 39:44
  Speaker 5: Yeah, I like that.
• 39:45
  Speaker 2: Another person said, my bestie earns double my salary, but
• 39:48
  Speaker 2: she said she would love my sense of fulfillment and satisfaction.
• 39:52
  Speaker 2: She doesn't think she can achieve. Money isn't everything you guys,
• 39:55
  Speaker 2: I'm going to give you three more. Next person said,
• 39:57
  Speaker 2: you could make bank doing a lot of things. You
• 39:59
  Speaker 2: have eight is it worth it? Though it's a crazy
• 40:02
  Speaker 2: exactly aspirational goals rather than comparison spiral is a good
• 40:07
  Speaker 2: place to think. And another person said, what you do
• 40:11
  Speaker 2: with your money is so much more important than the
• 40:13
  Speaker 2: figure you earn. In a last one, I said, I
• 40:17
  Speaker 2: was only going to do three, but the last one
• 40:18
  Speaker 2: is good. To stop trying to keep up with the
• 40:20
  Speaker 2: Joneses next door. They're broke. Yeah, so we don't know.
• 40:24
  Speaker 2: Your friend might earn two hundred grand, but she spends
• 40:26
  Speaker 2: three hundred. How do you know exactly?
• 40:29
  Speaker 5: You just got to make sure the moments that you're
• 40:30
  Speaker 5: living are happy and full if you can. But the
• 40:33
  Speaker 5: times we spend money, this was like three minutes per day,
• 40:37
  Speaker 5: we're looking at a bank account. Like the rest of
• 40:39
  Speaker 5: that time, you've got to be living, enjoying.
• 40:42
  Speaker 2: Just do what you gotta do. I love that beack.
• 40:43
  Speaker 2: That is a very good place to leave it, all right.
• 40:46
  Speaker 2: I hope you have enjoyed today's episode. Will see you
• 40:48
  Speaker 2: bright early on Monday for a money diary, but tell
• 40:50
  Speaker 2: then how the beautiful weekend guys bye did buy shared.
• 41:00
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• 41:02
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• 41:06
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