Latest / She's On The Money / How to navigate sales like a pro

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How to navigate sales like a pro · She's On The Money

0:00
Speaker 1: She's on the Money. She's on the Money.
0:09
Speaker 2: Hello, and welcome to She's on the Money, the podcast
0:12
Speaker 2: Millennials Who Want Financial Freedom.
0:14
Speaker 3: My name is Georgia King.
0:15
Speaker 2: I'm a copywriter and journalism student, and I'm joined as
0:18
Speaker 2: always by the Queen of Cash, millennial money expert Victoria
0:22
Speaker 2: to Buying.
0:22
Speaker 1: Hello, be Hello, not be hold on? Hello, Hello George?
0:27
Speaker 1: Am I hold I hold on? Hold on, Hello Georgia.
0:32
Speaker 1: How are you? Yeah, I'm really good. How are you?
0:35
Speaker 1: I'm pretty all right, Let's move on.
0:36
Speaker 3: I'm happy to hear that, all right.
0:38
Speaker 2: Now, today's show is all about online shopping and specifically
0:42
Speaker 2: how you can make megasale days like Black Friday and
0:45
Speaker 2: Cyber Monday at work for you, instead of getting sucked
0:47
Speaker 2: into buying things like three pairs of shoes you don't
0:50
Speaker 2: like or want because they were a hot deal and
0:52
Speaker 2: a bargain's a.
0:52
Speaker 1: Barg I feel attacked, but okay, carry on.
0:55
Speaker 2: If you are a sucker for an online shop like
0:58
Speaker 2: Victoria is, and go week at the side of a sale,
1:00
Speaker 2: than this is the episode to you. Of course, we
1:03
Speaker 2: will also be bringing you a money diarist who is
1:06
Speaker 2: finally crushing her debt, and we'll be helping answer a
1:09
Speaker 2: Christmas ey question about gift buying without breaking the bank.
1:12
Speaker 2: A lot to get to today, Victoria, and before we
1:15
Speaker 2: jump into money wins and confessions, more exciting things have
1:18
Speaker 2: been happening. What happens over the weekend?
1:20
Speaker 1: Ah, this just a little something something Georgia King. We
1:23
Speaker 1: were oh, I don't even know how to announce this.
1:26
Speaker 1: Over the weekend we found out that we were top
1:29
Speaker 1: five finalists in two podcast categories for the Australian Podcasting Awards,
1:34
Speaker 1: which is insane and so crazy because we've only existed
1:38
Speaker 1: for what is it like a year and a half now,
1:40
Speaker 1: and to think that we are getting nominated for actual
1:42
Speaker 1: podcasting awards feels like we're really legit and grown up,
1:45
Speaker 1: like a wee big kids now. I don't know, I'm
1:47
Speaker 1: just so excited. So we've made it as finalists in Georgia.
1:51
Speaker 1: Get this kind of a joke, but okay, the smartest
1:53
Speaker 1: podcast I know. I loved that, and the best Business Podcast,
1:58
Speaker 1: which is actually legit and very very exciting. So honestly, guys,
2:03
Speaker 1: we could not have gotten anywhere without our listeners and
2:06
Speaker 1: our community. So this was you. This wasn't us, Like, yeah,
2:09
Speaker 1: we make a podcast, but like if it was falling
2:12
Speaker 1: on deafears, we definitely would have never made it to
2:15
Speaker 1: being finalists in any type of podcasting award. So honestly
2:18
Speaker 1: forever grateful for you guys. But in saying that now
2:22
Speaker 1: I've kind of butted you all up to be my
2:23
Speaker 1: best friends, we want to let you know that there
2:26
Speaker 1: is actually a Listener's Choice award where you actually get
2:30
Speaker 1: to vote for us. So we'll be putting a link
2:33
Speaker 1: in our show notes for you, and we would so
2:35
Speaker 1: love your support. If you can go and chuck us
2:37
Speaker 1: a vote, that would be absolutely fantastic because arguably, as
2:41
Speaker 1: much as it's so nice to be finalists in these
2:43
Speaker 1: two other podcast categories, what actually matters to us is
2:47
Speaker 1: our listeners and our community. And yeah, that's kind of
2:50
Speaker 1: where we're at when it comes to these types of awards.
2:53
Speaker 2: One love that, please vote. That actually just made me think,
2:57
Speaker 2: fee you know that phrase when a tree falls in
3:01
Speaker 2: a forest and no one is there to hear it,
3:03
Speaker 2: did it make a sound? That's kind of like what
3:06
Speaker 2: podcasts are. If you make a podcast and no one
3:09
Speaker 2: hears it? Did you really make a podcast like you
3:11
Speaker 2: kind of did? But does it count? Do you know
3:13
Speaker 2: what I mean anyway, I.
3:15
Speaker 1: Don't know what you mean, But do you know what
3:16
Speaker 1: I would like? I'd like the money wins and commersions
3:18
Speaker 1: from you, Dalai Lama?
3:21
Speaker 3: You go first, what's your wakay.
3:24
Speaker 1: Dalai Lama. So this week I have like a money
3:27
Speaker 1: win and a confession. I'm not sure if it's a
3:29
Speaker 1: win or a confession, but you're totally going to know
3:31
Speaker 1: what I'm talking about once I admit to this. So
3:33
Speaker 1: this week my money win slash confession is that I
3:37
Speaker 1: ordered a Dison vacuum online. I did order it through
3:41
Speaker 1: the sponsors of today's show, actually because I got a
3:44
Speaker 1: little bit educated on their platform and liked the idea
3:47
Speaker 1: of it. So I used my EVA plus membership to
3:50
Speaker 1: order a dice in vacuum, which Georgia, I've been talking
3:53
Speaker 1: about for a really long time. I ordered it from
3:56
Speaker 1: the Bingley store on eBay, and I'm honestly so proud
3:59
Speaker 1: of my self for holding out on these purchase for
4:02
Speaker 1: so long.
4:04
Speaker 2: Oh was at the end of your story?
4:06
Speaker 1: Are you joking? Pull your head in.
4:07
Speaker 3: So it is great, It's great.
4:08
Speaker 2: You have been talking about this vacuum since.
4:11
Speaker 3: It feels like the start of the year.
4:12
Speaker 1: Honestly a long year. Honestly, I do have an old
4:15
Speaker 1: Dicon and it lasts approximately ten minutes before it needs
4:19
Speaker 1: another charge, and then it takes approximately eight hours to
4:22
Speaker 1: charge because the battery is dead. I've tried a heap
4:25
Speaker 1: of times to order a new battery online, but I
4:27
Speaker 1: can never find one in stock, and so I've kind
4:30
Speaker 1: of just given up. And now a new vacuum is
4:32
Speaker 1: what I felt like I needed, and I've you know,
4:35
Speaker 1: I don't know, I'm that girl who watches YouTube videos
4:38
Speaker 1: of vacuums. That's just where I am in my life. Friends.
4:41
Speaker 1: I'm not sure if you know I'm just a bit
4:44
Speaker 1: diluted today while we're recording or not. But yeah, I'm
4:47
Speaker 1: admitting to that on a public forum. No, I love
4:49
Speaker 1: that love that You're welcome, and I mean, I'm gonna
4:52
Speaker 1: test them all out. I've been posting on Instagram about
4:55
Speaker 1: it already. I haven't even got it yet. I'm just
4:57
Speaker 1: truly excited. So if anybody wants to tune into Victoria
5:00
Speaker 1: review of the vacuum, please ex give me a follow.
5:03
Speaker 1: You're welcome.
5:03
Speaker 2: Yeah, do a little YouTube video of that may I'll
5:05
Speaker 2: be watching. Are you interested in my money?
5:08
Speaker 1: Win not really a good share it with the community anyway.
5:11
Speaker 2: We do it every week anyway. So Melbourne has opened up, guys.
5:15
Speaker 2: You can feel the energy has changed shifted. We are
5:18
Speaker 2: free kind of and it's pretty good.
5:21
Speaker 1: Anyway.
5:21
Speaker 2: I went to the shops on the weekend they were open,
5:24
Speaker 2: went into stores, did some browsing.
5:25
Speaker 1: How weird is it? It's so weird.
5:28
Speaker 2: It is so novel and I don't know if you
5:30
Speaker 2: feel the same beat, but I just have this urge
5:32
Speaker 2: to spend because it's been so long since I've done
5:34
Speaker 2: that in Stare.
5:35
Speaker 1: I'm not gonna lie. I've got that as well, even
5:38
Speaker 1: though I've been online shopping recently. I just feel like
5:42
Speaker 1: it's novel. But it's also really is it bad to
5:45
Speaker 1: say it's making me slightly anxious like going out in public.
5:48
Speaker 1: I literally seem to have a level of social anxiety,
5:51
Speaker 1: which is fine and I'm sure that I'll work all
5:54
Speaker 1: of that out, but I'm also getting exhausted really easy.
5:57
Speaker 1: Is that a thing like I went to the shops
5:59
Speaker 1: and then I need a nap?
6:00
Speaker 2: No, that is the thing. Oh, it's a thing for
6:02
Speaker 2: me for sure. So I'd be interested to hear how
6:04
Speaker 2: the Melbourny and sotomers are going with that as well.
6:07
Speaker 1: Maybe we'll start a thrill like do y'all need a nap, Let's.
6:11
Speaker 3: Let's sleep together. Ma, that's weird.
6:13
Speaker 1: Wow, Anyway, I liked your money win a confession though,
6:16
Speaker 1: like you didn't buy anything at all.
6:18
Speaker 3: I didn't buy anything.
6:19
Speaker 2: Yeah, I resisted the urge because I would have just
6:21
Speaker 2: done it for the sake of it. And yeah, so
6:23
Speaker 2: you know that's my Wira.
6:24
Speaker 1: She's on the money. Post to girl Georgia King, thank you.
6:27
Speaker 2: I try to be Facebook group.
6:29
Speaker 3: Let's chat about it.
6:30
Speaker 2: One hundred thousand people in their Victorias are fine.
6:33
Speaker 1: Oh my habish. I even took a photo of one
6:36
Speaker 1: hundred thousand with those balloons and I felt like a
6:39
Speaker 1: real influencer.
6:40
Speaker 4: Georgia.
6:41
Speaker 1: It was so fun. But I cannot believe that there
6:43
Speaker 1: are one hundred thousand of you. This is actually wild.
6:47
Speaker 1: I'm so proud of this community. Imagine how much money
6:50
Speaker 1: with collectively saved, Like, can I make a little form
6:54
Speaker 1: that we can all fill out and say, in the
6:55
Speaker 1: last year since joining she's on the money, I've saved
6:58
Speaker 1: like one hundred dollars or one thousand dollars and then
6:59
Speaker 1: we can talk about how much she's on the money
7:02
Speaker 1: community has saved the.
7:03
Speaker 2: CAP's a color, dude, that would be cool.
7:05
Speaker 1: Kind of weird, but I'm here for it. I'm always
7:07
Speaker 1: here for weird stats. But speaking of the community, I
7:11
Speaker 1: actually have a money win, like from the community. I
7:14
Speaker 1: don't know if it's a money win or just a
7:15
Speaker 1: life win. Our friend Hannah has posted and she said
7:19
Speaker 1: side hustle alert. I started making polymer clay earrings a
7:23
Speaker 1: month ago for fun, but I ended up falling in
7:25
Speaker 1: love and soon I had these earrings with nowhere to
7:28
Speaker 1: put them, so she started selling them online. It's been
7:31
Speaker 1: three weeks since opening her shop and she's shocked but
7:34
Speaker 1: incredibly proud to say that she's turned over seven hundred
7:37
Speaker 1: and twenty two dollars. After many failed businesses over the
7:41
Speaker 1: years that she's had, she is so grateful that this
7:44
Speaker 1: one is working out for her. Can you believe it?
7:46
Speaker 1: They are so cute and I'm so excited that. Yeah,
7:49
Speaker 1: the people within our in our community are just like
7:51
Speaker 1: making these small businesses, and I think that that's something
7:55
Speaker 1: that I want to do this year for Christmas as well. Georgia,
7:57
Speaker 1: let's do a thread in the Facebook group for like
8:00
Speaker 1: shout out to She's on the money small businesses so
8:03
Speaker 1: that we can buy from each other for Christmas. Like,
8:05
Speaker 1: how cute would that be.
8:06
Speaker 2: That's a great idea because there are so many clever
8:09
Speaker 2: people in that group, and I mean with the newsletter,
8:11
Speaker 2: a lot of people send through their small businesses because
8:14
Speaker 2: we do do a shout out in there as well,
8:16
Speaker 2: and it's amazing seeing what everyone is up to. So
8:18
Speaker 2: that is a good idea.
8:19
Speaker 1: My friend, Oh my gosh, I love it. One, I'm
8:21
Speaker 1: going to order some gingerbread earrings from Hannah because they're
8:24
Speaker 1: really cute. But two, if you don't actually subscribe to
8:27
Speaker 1: our newsletter, there is some juicy, juicy information in there
8:31
Speaker 1: each week from Georgia King, and every single week we
8:34
Speaker 1: feature a small business because we know that you guys
8:37
Speaker 1: don't have the platform often that you deserve, so we
8:40
Speaker 1: hope to share ours with you. So if you have
8:42
Speaker 1: a small business, go and pop your small business in
8:45
Speaker 1: an email and shoot it through to Georgia and you
8:47
Speaker 1: might be featured in the newsletter, which I think is
8:49
Speaker 1: super fun. Love it, Love it, Georgia King. That wasn't
8:53
Speaker 1: the only money win from our community that we liked, though,
8:56
Speaker 1: you pick one every week, So what did you pick
8:58
Speaker 1: this week to shout.
8:59
Speaker 3: Out on the Okay?
9:00
Speaker 2: So mine is from the lovely Kira, who has a
9:03
Speaker 2: small money when she says, if you need a new wardrobe,
9:06
Speaker 2: how about swapping your clothes with friends?
9:08
Speaker 1: Genius.
9:09
Speaker 2: My friends and I have all different sizes, go through
9:11
Speaker 2: our wardrobes once in a blue moon, pick out what
9:13
Speaker 2: we don't want, and then swap them between each other.
9:15
Speaker 2: Half of the items she received had never been worn,
9:19
Speaker 2: and she gave a big thanks to Hillary for the
9:20
Speaker 2: skirt and Olivia for the top, which is pictured below.
9:25
Speaker 2: And it's just a gorgeous idea. I think it's such
9:27
Speaker 2: a good idea to get your girls, your guy friends
9:30
Speaker 2: around have a little swap. We're allowed to do that
9:33
Speaker 2: now in Victoria, So yeah, I just love that idea.
9:36
Speaker 1: I actually really like that idea because my friends are
9:38
Speaker 1: much more fashionable than I am often, so I just
9:42
Speaker 1: feel like stealing their wardrobe is a fantastic idea own
9:44
Speaker 1: money when that is coming my way hopefully soon, if
9:46
Speaker 1: I could convince them love that.
9:48
Speaker 2: Should we get to the main chat of today's show.
9:50
Speaker 1: Be yes, because I'm actually really excited about these episode,
9:53
Speaker 1: So let's jump straight.
9:54
Speaker 2: All right, So today's show, guys, is all about how
9:56
Speaker 2: to make those big events sales work for you. Now.
10:00
Speaker 2: I think we've probably all been guilty of it. We're
10:02
Speaker 2: coasting on in life cruis and checking our emails, scrolling
10:05
Speaker 2: the gram, and then we see it a sale is
10:07
Speaker 2: on and we immediately click through to the website to
10:09
Speaker 2: trowl for bargains, even though before we saw that shiny
10:12
Speaker 2: ad we didn't actually want or need the thing that
10:15
Speaker 2: we were now coverting. Now it will come as a
10:17
Speaker 2: surprise to you, absolutely no one that online shopping in
10:20
Speaker 2: Australia is a very big deal. In twenty nineteen, Australians
10:24
Speaker 2: spend twenty eight point six billion on online shopping, and
10:28
Speaker 2: contributing to that sum is, of course, those megasale days
10:31
Speaker 2: like fog Flashion Nights, Cyber Monday and Black Friday, which
10:34
Speaker 2: is relatively new in Australia as it's very American and
10:37
Speaker 2: of course revolves around Thanksgiving and it also marks the
10:41
Speaker 2: first official day of the Christmas shopping season. But it
10:44
Speaker 2: was actually eBay's biggest shopping day for the year in
10:47
Speaker 2: twenty nineteen, which really shows that this is officially a
10:50
Speaker 2: thing in Australia. Now, there is of course a merit
10:53
Speaker 2: to these sales. If you use them to your favor,
10:56
Speaker 2: you can save yourself some serious coin. And that's what
10:58
Speaker 2: we want to chat about today. Can make the most
11:01
Speaker 2: of these sales while simultaneously refusing the pull of the
11:04
Speaker 2: clever marketing that sees us draining our bank accounts for
11:06
Speaker 2: stuff we just don't need. Victoria, I find this topic
11:10
Speaker 2: so interesting and it's obviously a very fine balancing act
11:13
Speaker 2: to make these sales work for you and not tip
11:15
Speaker 2: over into the territory of just being a marketer's dream.
11:19
Speaker 2: So to start us off, let's talk about what we
11:21
Speaker 2: mean by making sales work for you and how we
11:23
Speaker 2: can actually do that.
11:24
Speaker 3: Kick us off.
11:25
Speaker 1: So, what you're referring to their g in terms of
11:27
Speaker 1: making the sales work for you is refusing to get
11:29
Speaker 1: sucked into the sales and buying things just because they
11:32
Speaker 1: are cheap, and instead planning ahead for these sales to
11:35
Speaker 1: happen so that you can jump on purchases that you
11:38
Speaker 1: already intended on making and scoring them when you do
11:41
Speaker 1: actually have a reduced price point. It's all about planning,
11:44
Speaker 1: and I think it is so important to talk about
11:46
Speaker 1: this topic, especially because Christmas is literally around the corner.
11:50
Speaker 1: It's also very likely that you have in mind a
11:52
Speaker 1: few of the gifts that you're going to be giving
11:54
Speaker 1: this year, and buying those items on sale can be
11:56
Speaker 1: a really good idea to bring down the overall cost
11:59
Speaker 1: of what is you usually an incredibly expensive time of year.
12:02
Speaker 1: So what I want to do this year is actually
12:05
Speaker 1: challenge our community a little bit. This is just from me,
12:08
Speaker 1: but let's start planning our Christmas so that none of
12:12
Speaker 1: us in our community are doing last minute Christmas Eve shopping.
12:15
Speaker 1: I think it's a stressful thing. I've done it a
12:17
Speaker 1: million times. I mean probably like twenty nine times, like
12:21
Speaker 1: not even twenty nine times, however long I've been buying
12:23
Speaker 1: presents that my mum didn't fund. But it's one of
12:27
Speaker 1: those things that we all do. We leave stuff for
12:29
Speaker 1: the last minute. What I want you guys to do
12:31
Speaker 1: is actually just write down a plan, organize what you
12:34
Speaker 1: want to purchase, and put a plan in place to
12:36
Speaker 1: get those things earlier than you think is necessary. Like
12:39
Speaker 1: if Black Friday is around the corner, it's at the
12:41
Speaker 1: end of November. Just FYI, friends, I think that we
12:44
Speaker 1: should be using this to our advantage and planning to
12:47
Speaker 1: actually purchase all our gifts a month early if we
12:49
Speaker 1: are in a position to do so, reducing the stress
12:52
Speaker 1: and the outlay of Christmas as a whole when it
12:55
Speaker 1: comes to actually Christmas Day. So I think that that
12:58
Speaker 1: is a challenge that I'm going to get a George King,
13:00
Speaker 1: are you going to join me?
13:01
Speaker 2: I think I will this year. I'm ready, I'm ready
13:04
Speaker 2: for the challenge.
13:05
Speaker 1: I'm very glad. I'm very very glad. Challenge accepted, my friend.
13:09
Speaker 2: So, when it comes to making these sales work for us,
13:13
Speaker 2: how do we actually make it happen?
13:15
Speaker 1: So again, obviously take my challenge on board, but plan ahead. Now.
13:20
Speaker 1: This episode is honestly, I'm obviously quite biased, but it
13:22
Speaker 1: is the perfect launch pad for making the most of
13:25
Speaker 1: these sales and actually planning ahead. Like, now is the time.
13:28
Speaker 1: If you were waiting for a sign, this is your sign,
13:30
Speaker 1: my friend. I want you guys to have a think
13:32
Speaker 1: about Christmas and the gifts that you are planning on
13:34
Speaker 1: purchasing and write them down in anticipation for these sales. Also,
13:38
Speaker 1: note what you're currently in the market for, Like you're moving,
13:41
Speaker 1: how soon do you need a new vacuum because yours
13:43
Speaker 1: only last ten minutes. Do you need a new couch, George,
13:45
Speaker 1: or are you moving how soon, Georgia. Maybe your runners
13:48
Speaker 1: have seen better days and you actually need a new pair.
13:50
Speaker 1: Write this stuff down ahead of time so you won't
13:53
Speaker 1: be as blustered when the sales do come around and
13:55
Speaker 1: then you end up forgetting what you needed and instead
13:58
Speaker 1: you buy things that you weren't gonna buy in the place,
14:00
Speaker 1: because you're in a panic to not miss out. I
14:02
Speaker 1: just think it's so important to keep a wish list
14:05
Speaker 1: and create a plan that you can refer back to
14:08
Speaker 1: when it comes to these things, because we all want
14:10
Speaker 1: that hit of dopamine regardless. Let's be honest. If we
14:13
Speaker 1: are shoppers, we know what that feels like, and if
14:17
Speaker 1: we plan for it, then at least we aren't you
14:19
Speaker 1: wasting it in a way. Another thing is to tune out, Georgia.
14:23
Speaker 1: When it comes to sales season and you've either bought
14:25
Speaker 1: what you already intended or if you're refraining from purchasing
14:29
Speaker 1: anything completely, I need you, guys to start making a
14:32
Speaker 1: really conscious effort to tune out the marketing that is
14:35
Speaker 1: going to be I promise it's going to be hammered
14:37
Speaker 1: your way from every store that you've looked at online
14:40
Speaker 1: targeted ads are incredibly clever and also super super annoying.
14:45
Speaker 1: But if you're conscious of these ads that are following
14:48
Speaker 1: you around the internet, it does make it a little
14:50
Speaker 1: bit easier from refraining to click on them mindlessly and
14:53
Speaker 1: then buying that product where you can just spend time
14:56
Speaker 1: online doing what you intended to do instead of getting distracted,
15:00
Speaker 1: which is exactly what these ads are designed to do
15:03
Speaker 1: to you.
15:03
Speaker 2: Georgia question, do you believe that Facebook ads are listening
15:08
Speaker 2: to you? Because one time I walked past a trampoline
15:11
Speaker 2: and I was like, look, it's a trampoline to my
15:13
Speaker 2: boyfriend and he was like cool. Chat Anyway, later on
15:16
Speaker 2: that night, what was sent my way trampoline ads? I
15:20
Speaker 2: didn't buy one. They didn't get me.
15:22
Speaker 1: I feel like our phones are listening, because like, I
15:26
Speaker 1: don't know if Facebook's listening, but our phones are definitely listening.
15:29
Speaker 1: I don't know if that a conspiracy. If we got
15:31
Speaker 1: she's maybe conspiracy going on. If you guys know anything
15:34
Speaker 1: about this, please share it with me, because the amount
15:37
Speaker 1: of times that I've been like, oh, I really need
15:39
Speaker 1: to purchase a new nail polish and then next minute
15:41
Speaker 1: now polish is being served to me. I'm also finding
15:44
Speaker 1: the same on TikTok, but it's getting creepy right, So
15:47
Speaker 1: like off topic, guys, I had a saw knee last
15:50
Speaker 1: week because I've decided to start running again. Terrible idea anyway,
15:54
Speaker 1: how to really saw knee? And then I'm scrolling through TikTok.
15:57
Speaker 1: The third TikTok was literally like, oh, I have you
15:59
Speaker 1: got to saw? He has had to strap it up properly,
16:01
Speaker 1: and I was like, oh, I hadn't even spoken about this.
16:04
Speaker 1: Are you in my brain?
16:06
Speaker 2: Those ads are just bizarre, so just be mindful. Be
16:09
Speaker 2: mindful that they are targeting you for a reason, so
16:11
Speaker 2: they are bizarre.
16:12
Speaker 1: But also if you don't want to be as targeted online,
16:15
Speaker 1: I'm not sure how much this helps. These days, you
16:17
Speaker 1: can also go incognito and do like private browsing while
16:20
Speaker 1: doing your shopping so you're not automatically targeted later, which
16:23
Speaker 1: could be an idea. Another thing, when we are talking
16:26
Speaker 1: about online unsubscribed from things that end up in your
16:30
Speaker 1: mailbox Georgia, Honestly, it is one of those things that
16:34
Speaker 1: often gets me clicking and distracted during work, and you
16:38
Speaker 1: know during the day when I'm going through my emails
16:40
Speaker 1: and a really nice promo comes up, I just think,
16:43
Speaker 1: if you're not in the market for something, you don't
16:45
Speaker 1: need the marketing emails, and if you do find yourself
16:48
Speaker 1: in the market for something, you can actually go find
16:50
Speaker 1: a promotion relatively easy. It's twenty twenty. So I think
16:53
Speaker 1: if you're in the market for a new pair of
16:55
Speaker 1: shoes and you're actively looking for it and you want
16:57
Speaker 1: a twenty percent discount code, I'm sure you'll be able
17:00
Speaker 1: to find one. You don't need to always be in
17:02
Speaker 1: the loop on someone's DM to do that. Often the
17:05
Speaker 1: edms force you into buying things you didn't need. Another point,
17:08
Speaker 1: which I've made on this podcast before, but he's really
17:11
Speaker 1: relevant to remind you of Georgia is use your saved
17:14
Speaker 1: money wisely. So I love the idea of deliberately putting
17:17
Speaker 1: the money that you've saved from any purchase you make
17:20
Speaker 1: into a savings account that you don't touch, or into
17:23
Speaker 1: your micro investing platform, or popping it towards your holiday fund,
17:26
Speaker 1: instead of having that money saved there to essentially be
17:29
Speaker 1: spent on something else. So put it to work for you.
17:32
Speaker 1: And actually get bang for your buck. And this happens
17:35
Speaker 1: like when people say, oh, like I've stopped having coffees
17:38
Speaker 1: out and I'm having them home, Like, I still want
17:41
Speaker 1: you to take that four dollars fifty and put it
17:42
Speaker 1: into savings so it becomes genuine savings instead of just
17:46
Speaker 1: sitting in your cash floor account where you spend it
17:48
Speaker 1: on other things. So that would be my top tips
17:51
Speaker 1: for today, Georgia. Love it.
17:52
Speaker 2: And then when it comes to traps we can avoid.
17:55
Speaker 2: Are there any tips you have there?
17:56
Speaker 1: I think when it comes to stuff like sporadic shopping
17:59
Speaker 1: and in pol buying, the key thing is that I
18:02
Speaker 1: want our listeners to avoid these things. So you only
18:05
Speaker 1: save money on sales when you're actually planning on purchasing
18:08
Speaker 1: the product, and then you saved on that product. Impulse buying,
18:12
Speaker 1: especially at a time when everything seems really shiny and
18:15
Speaker 1: too good to be true. We're talking about this before, Georgia.
18:18
Speaker 1: It can actually be quite disastrous on our bank accounts.
18:21
Speaker 1: So I really want you guys to understand the difference
18:24
Speaker 1: between saving on sales and actually being manipulated by sales,
18:27
Speaker 1: which is a legitimate thing as well.
18:29
Speaker 2: Before we move on to our listener question today. V.
18:32
Speaker 2: I know you obviously have a bit of a background
18:35
Speaker 2: in psychology, which is quite handy, and that also lends
18:38
Speaker 2: itself to an understanding of consumer behavior. So what is
18:42
Speaker 2: it about a sale that humans just find so hard
18:45
Speaker 2: to resist?
18:45
Speaker 1: Dopamine? Full stop, end of story. We just love a
18:49
Speaker 1: good dopamine hit, and it's not uncommon. But also fomo
18:53
Speaker 1: it's a massive part of online marketing and the psychology
18:57
Speaker 1: of sales as a whole. There's just this idea out
18:59
Speaker 1: there that sales temporary and we need to get in
19:02
Speaker 1: now before the sale ends or before they run out
19:04
Speaker 1: of that product. So beware of terms that are like
19:07
Speaker 1: for a limited time only, or like selling fast, or
19:10
Speaker 1: this won't last long, or this is the biggest sale
19:13
Speaker 1: we've ever had, because these are just marketing tools that
19:16
Speaker 1: make you feel more pressured to purchase something in the moment.
19:20
Speaker 1: There's always going to be a better option, There's always
19:22
Speaker 1: going to be another opportunity at some point. So I
19:25
Speaker 1: think that if we have this mentality of like, oh
19:27
Speaker 1: my gosh, it's never gonna happen again, we're actually taking
19:30
Speaker 1: our sales two steps backwards. So I think you need
19:32
Speaker 1: to see these for what they are, and that's just
19:35
Speaker 1: as marketing tactics. I also think that sales morph you're
19:39
Speaker 1: thinking into what we are saving instead of what we
19:41
Speaker 1: are spending. Like how many times have we, you know,
19:43
Speaker 1: bought something that we weren't meant to buy and been like, ah, Georgia,
19:47
Speaker 1: but I saved X amount? It's like, well, were you
19:50
Speaker 1: really planning on purchasing that? In reality, sales shoppers often
19:55
Speaker 1: spend more than non sales shoppers, so keep that in mind,
19:58
Speaker 1: because if you think you're getting a bus, often you
20:00
Speaker 1: might be on ourverage spending more than someone who doesn't
20:04
Speaker 1: buy anything on sale, and that's that's kind of depressing
20:06
Speaker 1: if I'm being honest. But while we're speaking about research,
20:11
Speaker 1: research also tells us that when it comes to the
20:13
Speaker 1: price perception, the first digit is the one we paid
20:16
Speaker 1: the most attention to, which you're probably not surprised about.
20:19
Speaker 1: You've probably heard before. But we would much prefer to
20:22
Speaker 1: pay forty nine ninety nine for something rather than a
20:25
Speaker 1: full fifty dollars. Sounds simple, but these are marketing tricks
20:28
Speaker 1: that honestly play with our minds, and it is just
20:31
Speaker 1: so important to be aware of and remind yourself of
20:34
Speaker 1: these things because George, how many times have we bought
20:36
Speaker 1: something that is forty nine ninety five and then when
20:40
Speaker 1: someone said, oh, how much was that, you say forty dollars?
20:43
Speaker 1: Like it is so easy to round down, and we
20:45
Speaker 1: really need to stop doing that and see prices for
20:48
Speaker 1: exactly what they are. Fifty dollars, full stop, end of story.
20:51
Speaker 1: Always round up.
20:53
Speaker 2: It's so interesting because all of these points just really
20:56
Speaker 2: sound like common sense things, but it's crazy how we
21:00
Speaker 2: do get sucked into marketing so easily, Like these are experts.
21:04
Speaker 2: Manipulating is a strong and I feel like quite a
21:06
Speaker 2: loaded word, but at the end of the day, these
21:08
Speaker 2: businesses their purpose is to make sales, so it makes
21:11
Speaker 2: sense that their marketing is strong and where we are
21:14
Speaker 2: manipulated by it, so.
21:15
Speaker 1: It's it's a legit thing as well, Like we need
21:18
Speaker 1: to remember that these companies spend money on advertising, they
21:21
Speaker 1: spend money or marketing. They spend money having researchers work
21:25
Speaker 1: out what a consumer's activities actually look like and how
21:29
Speaker 1: that works and how to best get them to purchase
21:32
Speaker 1: more Like it's a multi billion dollar business. We're not
21:36
Speaker 1: saying completely avoid it. It can actually be quite helpful
21:39
Speaker 1: in some circumstances. But what I want you guys to
21:41
Speaker 1: be is aware of these things, like these things have
21:44
Speaker 1: billions of dollars invested in them for good reason, because
21:47
Speaker 1: it provides good returns to those companies. So I think
21:50
Speaker 1: we need to remember that there's a reason there's still
21:53
Speaker 1: money being poured into marketing each and every single year,
21:57
Speaker 1: and that we are essentially just the consumers. So let's
21:59
Speaker 1: just be super aware consumers together.
22:01
Speaker 3: Yep, love it.
22:02
Speaker 1: Be mindful.
22:03
Speaker 2: The last little thing I wanted to note as well
22:05
Speaker 2: with this topic is that obviously both me and I
22:08
Speaker 2: are big advocates for sustainability where possible, and fast fashion
22:13
Speaker 2: is obviously a huge issue when it comes to the
22:15
Speaker 2: whole ethics and question of sustainability. So if you have
22:20
Speaker 2: a problem with shopping, if you are a bit of
22:21
Speaker 2: a shopaholic, and you want to understand a little bit
22:24
Speaker 2: more about the impacts of fashion and consumerism, then do
22:28
Speaker 2: go back and listen to our episode we did at
22:31
Speaker 2: the start of season three it was eight years ago now,
22:33
Speaker 2: which I think is literally called the Real Price of
22:36
Speaker 2: Fast Fashion or something like that. It's very obvious in
22:38
Speaker 2: the title, So do go back and have a listen
22:41
Speaker 2: to that one, but for now, I think it's off
22:43
Speaker 2: to the listener question.
22:45
Speaker 4: Hey, guys, So I'm really worry this year that my
22:49
Speaker 4: Christmas shopping is going to impact my financial goals. I
22:53
Speaker 4: really want to buy nice things for my friends and family,
22:55
Speaker 4: but it's going to be really hard to build those
22:58
Speaker 4: savings up again. And I've worked really hard to get
23:00
Speaker 4: to this point. So am I a bad person? Now?
23:04
Speaker 4: I want to know how everyone is managing their cash
23:07
Speaker 4: flow this season. Please help me?
23:10
Speaker 2: Alrighty, Victoria, I feel like this is a question that's
23:12
Speaker 2: probably rattling around in a lot of our listeners' heads.
23:16
Speaker 2: What would be your answer to this one?
23:18
Speaker 1: I feel like so many of us can relate to this,
23:20
Speaker 1: especially at this time of the year. This is going
23:22
Speaker 1: to be such a strange Christmas, if I'm being honest, like,
23:25
Speaker 1: we will hopefully all be surrounded by friends and family
23:28
Speaker 1: and have a really nice time, But it's undeniable that
23:31
Speaker 1: so many of us have gone through essentially incredibly challenging
23:35
Speaker 1: financial situations this year, and I think that our expectations
23:39
Speaker 1: when it comes to Christmas spending should be reflective of that,
23:42
Speaker 1: and you shouldn't just be like, oh, well, I spent
23:44
Speaker 1: X amount last year, it's really reasonable to have to
23:47
Speaker 1: do that again this year. Like I don't think that
23:49
Speaker 1: should be reasonable any year. Like gift giving is really
23:52
Speaker 1: nice to have, it is not essential, and I think
23:55
Speaker 1: that's something we really need to remember. But given the episode,
23:58
Speaker 1: I would recommend using sales like Black Friday sales on
24:02
Speaker 1: Ebays and sticking to your goals through planning and actually
24:05
Speaker 1: understanding your money values and then trying to reduce your
24:08
Speaker 1: delivery costs everywhere and all of the additional fees like
24:11
Speaker 1: making one big order Georgia instead of multiple through a
24:14
Speaker 1: number of different weeks. So I think it's all about planning.
24:17
Speaker 1: But the number one thing that I would do here
24:19
Speaker 1: is actually sit down and work out what you can
24:22
Speaker 1: logically afford and work backwards. Like when it comes to money,
24:25
Speaker 1: I often like to work backwards best because it gives
24:28
Speaker 1: us the clearest outcomes. So if you're planning on organizing
24:33
Speaker 1: Christmas this year, and you just sit down and you go,
24:36
Speaker 1: you know what, overall, I really only want to spend
24:39
Speaker 1: five hundred dollars this Christmas, and I have five people
24:42
Speaker 1: to buy for. Take five hundred dollars and divide it
24:45
Speaker 1: by five, and you'll find that about one hundred dollars
24:48
Speaker 1: a gift is something that would be relevant for you
24:51
Speaker 1: if you still have that five hundred dollars that you
24:53
Speaker 1: want to spend and you actually have nine people that
24:55
Speaker 1: you need to buy for. Your new budget is fifty
24:58
Speaker 1: five dollars per pose. So I think it's really important
25:01
Speaker 1: to start talking about budgeting, and I'm sure we'll do
25:03
Speaker 1: another episode on this before Christmas, Georgia, because I just
25:06
Speaker 1: think it's so important to talk about budgeting and cash
25:09
Speaker 1: flow and really understanding these things, but work backwards and
25:13
Speaker 1: work out what you can afford and set an overall
25:15
Speaker 1: budget and then break it down from there. So for me,
25:19
Speaker 1: I would just make sure that you remember that Christmas
25:21
Speaker 1: is about spending time with people. It's not about the
25:24
Speaker 1: product that you purchase someone. Obviously, nice gifts are beautiful,
25:28
Speaker 1: but I think we can all agree that ninety nine
25:30
Speaker 1: point ninety five percent of us would prefer a thoughtful
25:33
Speaker 1: gift over an expensive one. So I think sit down,
25:37
Speaker 1: have a bit of a brainstorm about gifts that could
25:39
Speaker 1: essentially mean something more than just something you've bought at
25:42
Speaker 1: the store.
25:42
Speaker 2: The only thing I would say is that she's definitely
25:44
Speaker 2: not a bad person, which was a part of her question. Yeah,
25:47
Speaker 2: absolutely not, Yeah, no way. But in terms of managing
25:51
Speaker 2: her cash flow and how you can do that, what
25:54
Speaker 2: would you say beyond setting a number that you can
25:57
Speaker 2: afford and then breaking that up, is there anything else
25:59
Speaker 2: you can do?
26:00
Speaker 1: It's a bit late for this advice right now because
26:02
Speaker 1: it is November, friends, but I would be managing cash
26:05
Speaker 1: flow as a whole, not managing cash flow just for
26:08
Speaker 1: the silly season. So if you manage your cash flow
26:11
Speaker 1: as a whole, you will already be prepared for Christmas.
26:14
Speaker 1: You'll have that in the budget, You'll have that set aside,
26:17
Speaker 1: so it never feels financially constrictive. And I think that's
26:21
Speaker 1: something that I would really recommend for everybody. Organize your budget,
26:24
Speaker 1: organize your cash flow. Once you have those things in place,
26:27
Speaker 1: they are like the foundations of your financial success. Honestly,
26:31
Speaker 1: if you've got your budget together, you know what's coming
26:33
Speaker 1: in and what's going out, and you have a cash
26:36
Speaker 1: flow system in place, every single dollar that you make
26:39
Speaker 1: ends up working for you, as opposed to you scrambling
26:41
Speaker 1: when a bill comes in, and you feel like you
26:44
Speaker 1: are consistently in this loop of living payday to payday.
26:47
Speaker 1: So I think it's just about actually managing cashlow as
26:50
Speaker 1: a whole. Obviously I'm biased because we do have our
26:53
Speaker 1: cash flow course and we do talk about budgeting and
26:55
Speaker 1: cashlow a lot on this podcast, but seriously, getting control
26:59
Speaker 1: of that and you'll no longer feel as much financial stress.
27:03
Speaker 1: But I think it also goes back Georgia to taking
27:06
Speaker 1: stress off yourself, Like if you want to buy nice
27:08
Speaker 1: things for the ones that you love, like that's so
27:11
Speaker 1: so kind, but have I think about things that are
27:14
Speaker 1: a little bit left field that might mean a little
27:16
Speaker 1: bit more to them. Like I remember a couple of
27:18
Speaker 1: Christmases ago, I got a gift voucher from my partner
27:22
Speaker 1: that was like a homemade gift voucher for a thing
27:24
Speaker 1: that I really wanted to do, and it was just
27:26
Speaker 1: really sweet and really thoughtful, and honestly it didn't end
27:29
Speaker 1: up costing him anything except lunch on the day. And
27:32
Speaker 1: I just think that, you know, that ended up meaning
27:34
Speaker 1: a lot more to me than you know, an item
27:37
Speaker 1: that I would have forgotten by now, whereas I remember
27:39
Speaker 1: that really fondly. So maybe experiences this year over actual gifts.
27:44
Speaker 2: Love that homemade is the way to go as well.
27:46
Speaker 3: I love that idea.
27:51
Speaker 5: I am twenty four and previously journey but learning how
27:54
Speaker 5: to float, and this is my money diary.
27:57
Speaker 2: Now let's take a sneak peek into the financial life
28:00
Speaker 2: the Perfect Strangers. It's time for money diaries.
28:03
Speaker 5: Financially, twelve months ago I was drowning. Was in about
28:07
Speaker 5: forty thousand dollars worth of debt. I had quick loans,
28:11
Speaker 5: I had every type of buying hour pay later service
28:14
Speaker 5: you can imagine, ones you probably haven't even heard of.
28:17
Speaker 5: I was struggling to pay any of my bills. I
28:21
Speaker 5: had to borrow money from one of my sisters to
28:23
Speaker 5: keep afloat. I knew exactly how much I had to
28:25
Speaker 5: get paid every single week to be able to pay
28:28
Speaker 5: my bills, but I definitely struggled to reach out amount
28:31
Speaker 5: because it was quite high, and that didn't take into
28:33
Speaker 5: account any sort of discretionary spending or anything like that.
28:37
Speaker 5: So now I am about half of that. I found
28:43
Speaker 5: the podcast once my friend put me onto it. I
28:45
Speaker 5: did withdraw a little bit of my super during COVID,
28:49
Speaker 5: so that definitely went to pay off some of my
28:52
Speaker 5: three credit cards, personal loan, quick loans, all of the above,
28:57
Speaker 5: and I have savings for the first time in my life.
29:00
Speaker 3: What does she do for work? How much does she
29:01
Speaker 3: earn and how much does she have sitting in her
29:03
Speaker 3: bank account.
29:04
Speaker 5: I am a store manager at a BOOSTOS. I've only
29:08
Speaker 5: just taken that role. That I should be earning around
29:11
Speaker 5: sixty thousand a year, and I have roughly three thousand
29:15
Speaker 5: in my bank account at the moment, which is incredible
29:18
Speaker 5: because I've never had more than three hundred dollars in
29:21
Speaker 5: my bank account.
29:22
Speaker 3: And what happens to her money? Wants it arrives in
29:24
Speaker 3: her account.
29:24
Speaker 5: So as soon as I get paid, I pay my
29:29
Speaker 5: one hundred and fifty dollars for my board. I then
29:31
Speaker 5: have a direct debit come out to a savings account
29:34
Speaker 5: that I can't see, so fifty dollars automatically disappears. I've
29:37
Speaker 5: also got my direct debit for my race set up
29:39
Speaker 5: from that account as well, so I leave that money
29:41
Speaker 5: in there. I transfer everything else to my up, and
29:44
Speaker 5: then I transfer across my savers accounts, and I usually
29:48
Speaker 5: leave myself about one hundred, one hundred and fifty dollars
29:50
Speaker 5: for the rest of the week.
29:51
Speaker 3: What are her investment plans, what are her general attitudes
29:54
Speaker 3: towards investing.
29:56
Speaker 5: So for a while I had no knowledge about investing.
30:01
Speaker 5: I didn't really think that it was something that just
30:03
Speaker 5: anyone and everyone did until I started listening to the podcast.
30:07
Speaker 5: So I decided to jump on rais as about five
30:11
Speaker 5: hundred dollars in there at the moment, I just directed
30:14
Speaker 5: it ten dollars a week, and then I've got round ups,
30:17
Speaker 5: so it usually ended up being about twenty dollars a week.
30:20
Speaker 5: Once I've cleared my debt, I really want to delve
30:24
Speaker 5: deeper into the stock market and figuring out where I
30:27
Speaker 5: want to go and where I want to invest, because
30:30
Speaker 5: I think it is an awesome thing to get done
30:33
Speaker 5: now to set myself up for later.
30:36
Speaker 3: So actually have any debts.
30:37
Speaker 5: So I have just only sixteen thousand dollars on a
30:41
Speaker 5: personal loan, just over four and a half on a
30:45
Speaker 5: credit card debt, but I've actually canceled the credit card,
30:48
Speaker 5: so I can't use that account at all. I'm just
30:51
Speaker 5: paying off the debt and the interest. But I find
30:53
Speaker 5: that really works because you can't spend any more money.
30:57
Speaker 5: And I had no idea that was even a thing
30:59
Speaker 5: until someone who posts about it in the.
31:01
Speaker 3: Group what is her best money habit.
31:03
Speaker 5: Probably be that I always pay my bills. I always
31:07
Speaker 5: make sure that I'm never getting late fees and all
31:11
Speaker 5: that sort of stuff because I'm not paying my bills
31:13
Speaker 5: on time. I've always made sure that I pay them,
31:16
Speaker 5: especially my loans, because I don't want to mess up
31:19
Speaker 5: anything for in the future. And I feel like I
31:22
Speaker 5: split my money quite well, like I have maybe fifteen
31:24
Speaker 5: different savers on my up account, because I find that
31:28
Speaker 5: allocating money to a specific thing really helps when I
31:33
Speaker 5: need to dip back into my savings because I can
31:35
Speaker 5: see that I'm taking it away from something else. So
31:37
Speaker 5: I don't tend to dip into those accounts anywhere there
31:40
Speaker 5: as much as I previously have.
31:42
Speaker 3: What is her worst money.
31:43
Speaker 5: Habit probably has always been that I like to have
31:46
Speaker 5: multiple of everything. If I find a jacket that I like,
31:50
Speaker 5: I buy it in every single color it comes in.
31:53
Speaker 5: I find a blanket, and all of a sudden, I
31:55
Speaker 5: have six because it had six colors. I also spend
31:59
Speaker 5: an incredible amount of money on makeup for someone that
32:02
Speaker 5: doesn't wear makeup very often. But I just have this
32:04
Speaker 5: mentality that I have to have the whole collection. So
32:07
Speaker 5: as soon as another Pellette comes out, I have to
32:09
Speaker 5: have it because I have all the other ones, but
32:11
Speaker 5: I don't actually use them.
32:13
Speaker 3: And what is her big money goal.
32:15
Speaker 5: Well, I definitely want to get myself completely out of debt,
32:19
Speaker 5: and I want to set myself up with an emergency
32:22
Speaker 5: fund and a rainy day fund and all of the
32:25
Speaker 5: above so that when I have a major car service
32:30
Speaker 5: or something like that, I'm not freaking out because I
32:32
Speaker 5: don't know how to pay it, Like I need that
32:35
Speaker 5: stability there before I can do anything else. And then
32:39
Speaker 5: I think my next step would be getting serious about investing.
32:44
Speaker 2: What grade would our learning how to float money diarists
32:46
Speaker 2: give her money habits.
32:48
Speaker 5: I would probably give myself a C minus it previously
32:53
Speaker 5: would have been like a D or even an F.
32:57
Speaker 5: But yeah, I still have a long way to go,
33:00
Speaker 5: but I've definitely come quite far. One of the main
33:03
Speaker 5: things I wanted to even do this is because there
33:07
Speaker 5: are people that have been in my situation that just
33:09
Speaker 5: think that there's no way out, Like they just think
33:11
Speaker 5: I'm too far in. There's no way I can do this,
33:15
Speaker 5: There's no way I can save because I have that
33:17
Speaker 5: exact same mentality until like my amazing friend put me
33:21
Speaker 5: onto this podcast in the group. You can always go further.
33:24
Speaker 5: You can always do it. You've just got to have
33:27
Speaker 5: the people and the support behind you.
33:29
Speaker 2: Alrighty V, what did you make of twenty four? Previously
33:32
Speaker 2: drowning and now staying afloat? I think that was her name?
33:35
Speaker 2: What did you think?
33:35
Speaker 1: That was probably the longest name we've had, but I
33:37
Speaker 1: challenge to other people to make longer and more confusing names.
33:40
Speaker 1: But I really liked it. I just felt like this
33:43
Speaker 1: was such an empowering story that a lot of people
33:46
Speaker 1: in our community can probably relate to forty thousand dollars
33:49
Speaker 1: worth of debt. I think her name sums it up.
33:51
Speaker 1: She felt like she was drowning, and I know so
33:53
Speaker 1: many people in this situation who that's exactly how they feel.
33:58
Speaker 1: I'm also incredibly proud of her for doing this, because
34:01
Speaker 1: it takes a lot to actually pull your head out
34:03
Speaker 1: of the sand and say that you need to change.
34:05
Speaker 1: And I know she mentioned and it was very sweet
34:07
Speaker 1: of her to do so the podcast. But as much
34:10
Speaker 1: as you and I can talk about these things, I
34:12
Speaker 1: think you actually have to be open to the feedback
34:14
Speaker 1: and you have to be open to taking these things
34:16
Speaker 1: on because there are so many people out there that
34:19
Speaker 1: you know, maybe have been recommended to get some help,
34:21
Speaker 1: or you know someone suggested listening to a podcast and
34:24
Speaker 1: they just say no, no, no, like at the end
34:26
Speaker 1: of the day, like you are the reason for change.
34:29
Speaker 1: It's also just such a nice story of someone actively
34:32
Speaker 1: working towards changing their money story, and like, how cool
34:35
Speaker 1: is that?
34:36
Speaker 3: Extremely cool?
34:37
Speaker 2: And I love that she credits UV and the listening
34:40
Speaker 2: to this podcast to kind of get her started on
34:43
Speaker 2: this new journey. And it is amazing, like to be
34:45
Speaker 2: in forty grand worth of debt and to work yourself
34:49
Speaker 2: out of that. I think she said half of it
34:51
Speaker 2: is now gone, which is amazing.
34:53
Speaker 1: Yeah, she said half of it was gone, and like
34:55
Speaker 1: that feels just crazy.
34:56
Speaker 2: Oh it does. But imagine I can imagine being in
34:59
Speaker 2: that situation and just feeling like, well, there's no use
35:01
Speaker 2: to me even trying. I don't want to listen to
35:02
Speaker 2: a money podcast, like that makes me depressed. It's better,
35:05
Speaker 2: like I'm better off just not acknowledging it and I'll
35:07
Speaker 2: just sit here head in the sand, as you say.
35:10
Speaker 2: But she's spoken against that, and I think it's really inspiring.
35:14
Speaker 1: It's so inspiring and knowing that in twelve months, she's
35:17
Speaker 1: gone from forty thousand dollars worth of debt to saying
35:21
Speaker 1: that she was you know, I think she said she
35:22
Speaker 1: was halfway out. And she has three thousand dollars in
35:25
Speaker 1: savings when she's never had more than three hundred dollars. Like,
35:29
Speaker 1: I'm so proud of her, Like I want to give
35:31
Speaker 1: her a hug and congratulate her, and I want to
35:33
Speaker 1: do that to everyone in our community all the time.
35:35
Speaker 1: But I just feel like that's so inspiring as well
35:39
Speaker 1: and so relatable for our community because it's not as
35:42
Speaker 1: though she's making hundreds of thousands of dollars and obviously
35:45
Speaker 1: it wouldn't be as challenging to get out of debt.
35:47
Speaker 1: Like she's earning sixty grand a year and she's got
35:50
Speaker 1: forty thousand dollars worth of debt, like that was going
35:52
Speaker 1: to take a very long time to get out of.
35:55
Speaker 1: But it sounds like she's making that a priority for her,
35:58
Speaker 1: and like that's just really cool.
36:00
Speaker 2: Yeah, And she's also really interested in investing, which I
36:03
Speaker 2: know will make you happy. V.
36:04
Speaker 1: Everybody being interested in investing always makes me super happy.
36:08
Speaker 1: But not to be a debbie downer, I do want
36:11
Speaker 1: to talk about the end of her money time.
36:13
Speaker 2: This is what I was going to ask you about.
36:14
Speaker 2: So she made sure she buys something that she loves
36:19
Speaker 2: and then she buys ten of it in different colors
36:21
Speaker 2: because she loves it. And she does the same thing
36:24
Speaker 2: with makeup, so she has the whole collection even though
36:26
Speaker 2: she doesn't really wear makeup. So what's going on there?
36:29
Speaker 3: Ving your opinion?
36:30
Speaker 1: So I obviously never have an opinion on someone else's
36:34
Speaker 1: values because that is absolutely not my place, nor is
36:36
Speaker 1: there anybody else's place to have an opinion on someone
36:39
Speaker 1: else's values and choices that they make, because we've never
36:41
Speaker 1: walked a mile in their shoes. But she literally said
36:44
Speaker 1: that she doesn't use them and she doesn't really know why.
36:47
Speaker 1: So I think that for me, if I was in
36:49
Speaker 1: that situation, I would want to do a little bit
36:52
Speaker 1: of self reflection and like write down what types of
36:55
Speaker 1: feelings I get when I do those things. Is it
36:57
Speaker 1: security that you're looking for when you buy lots of things?
37:00
Speaker 1: Is that like a feeling of fomo that you love
37:01
Speaker 1: this item and you never want it to run out,
37:03
Speaker 1: therefore you get multiple of them, Like I definitely can
37:07
Speaker 1: relate to purchasing multiple of things. Like if I love
37:11
Speaker 1: a pair of work shoes that are super comfortable, like
37:14
Speaker 1: you best believe I'll gone by them in neod as well,
37:16
Speaker 1: So I get the feeling. But I also think that
37:20
Speaker 1: having a bit of a sit down and understanding your
37:22
Speaker 1: own mindset when it comes to stuff like that, and
37:25
Speaker 1: maybe taking a bit of a leaf out of that
37:27
Speaker 1: minimalism kind of lifestyle and working out like do I
37:30
Speaker 1: actually need these things? Like why am I purchasing them?
37:33
Speaker 1: And then maybe writing a list of things that you
37:35
Speaker 1: could have purchased instead, or things that you could have
37:38
Speaker 1: achieved instead that you can keep handy next time you want.
37:41
Speaker 4: To do that.
37:42
Speaker 1: And I think that that could be a way that
37:44
Speaker 1: you could combat it. But at the end of the day,
37:46
Speaker 1: like if that's what makes it super happy, like who
37:48
Speaker 1: am I to judge? But at the same time, it's
37:50
Speaker 1: obviously not financially productive, exactly right.
37:54
Speaker 2: Last question for you, V was her grade. I think
37:57
Speaker 2: it was a C minus. Did you have any thought
38:00
Speaker 2: on that?
38:00
Speaker 1: I think that's epic progress, especially given twelve months ago
38:04
Speaker 1: she said she would have given herself an f like
38:06
Speaker 1: look where she's going to be in another twelve months,
38:08
Speaker 1: And I think that that's what we should always be doing.
38:10
Speaker 1: We should always be looking forward and looking towards what
38:13
Speaker 1: future us can actually achieve. And I just think that
38:15
Speaker 1: it's honestly so inspiring. I cannot wait to hear that
38:18
Speaker 1: she's gotten out of debt and she's started investing and
38:21
Speaker 1: doing all of these other things. But what I really
38:24
Speaker 1: loved about this story is that she has three thousand
38:26
Speaker 1: dollars in saving and I think that that's really important
38:29
Speaker 1: if you're in debt as well, Like having an emergency
38:32
Speaker 1: fund is going to help you feel super empowered while
38:35
Speaker 1: you're getting out of debt, so you don't just feel
38:37
Speaker 1: like you're always stuck in a rut. So for me,
38:40
Speaker 1: I really liked this story purely because it's so inspirational.
38:43
Speaker 1: But there's obviously things that all of us could.
38:45
Speaker 3: Fix exactly right they I reckon.
38:48
Speaker 1: That's the end of the show, me too. But just
38:51
Speaker 1: before we head off, we'd like to acknowledge and pay
38:53
Speaker 1: respects to Australians, Aboriginal and torrest Rate Islander people's the
38:57
Speaker 1: traditional custodians of the lands, the waterways and the guys
39:00
Speaker 1: all across Australia. We thank you for sharing and for
39:03
Speaker 1: carrying on the land which we are able to learn.
39:05
Speaker 1: We pay our respects to elders pastor present, and we
39:08
Speaker 1: share our friendship and our kindness.
39:10
Speaker 3: Now for the boring staff.
39:12
Speaker 2: The advice shared on sheers on the money is general
39:14
Speaker 2: in nature and does not consider your individual circumstances. She
39:18
Speaker 2: is on the money exists purely for educational purposes and
39:21
Speaker 2: should not be relied upon to make an investment or
39:23
Speaker 2: financial decision. And we promise Victoria to find is Riggie
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Speaker 2: Ditch's an authorized representative of Australia Pacific Funds Management Proprietly
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Speaker 2: Limited ABN three four one three two four six three
39:35
Speaker 2: two five seven AFSL three three nine one five one.
39:39
Speaker 2: And thank you, of course to Ryan John, our producer,
39:41
Speaker 2: for putting it together today's show like it's quite last minute,
39:44
Speaker 2: So thanks Brian.
39:45
Speaker 1: Cheers Joan, It's Tuesday night. But you know what, guys,
39:50
Speaker 1: if you're still listening, I would love it if you
39:52
Speaker 1: joined our Facebook group where our community of How exciting
39:56
Speaker 1: is this? More than one hundred thousand people share money
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40:02
Speaker 1: What I'm most surprised about that is it still feels
40:04
Speaker 1: like a small family. I know like it does not
40:06
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40:25
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40:32
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40:33
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40:36
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Speaker 1: Heaps of pressure. Links in the show notes. See you
40:40
Speaker 1: next week, friends, see you next week,