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Transcript

Mum Says I Should Add My Name To My Brother’s Mortgage. · She's On The Money

• 0:00
  Speaker 1: My name is Natasha Bamblett. I'm a proud First Nations woman,
• 0:03
  Speaker 1: and I'm here to acknowledge country. Hello, beautiful friends. We
• 0:08
  Speaker 1: gather on the lands of the Aboriginal people. We thank, acknowledge,
• 0:13
  Speaker 1: and respect the Aboriginal people's land that we're gathering on today.
• 0:30
  Speaker 1: Take pleasure in all the land and respect all that
• 0:33
  Speaker 1: you see. She's On The Money podcast acknowledges culture, country,
• 0:38
  Speaker 1: community and connections, bringing you the tools, knowledge and resources
• 0:44
  Speaker 1: for you to thrive.
• 0:44
  Speaker 2: She's on the money. She's on the money.
• 0:50
  Speaker 3: Hello and welcome, my friends, to She's on the Money,
• 0:54
  Speaker 3: the podcast where we usually discuss all of the issues
• 0:57
  Speaker 3: concerning your wealth goals so that you can feel more
• 0:59
  Speaker 3: in control of your financial future. But on Friday Drinks,
• 1:03
  Speaker 3: we swap the serious money talk for some more casual
• 1:05
  Speaker 3: yaps with our nearest and dearest. And I am talking
• 1:08
  Speaker 3: about our beautiful co-hosts, Miss Bec Syed. She's the bringer
• 1:12
  Speaker 3: of the broke tips, someone who genuinely always stops to
• 1:15
  Speaker 3: appreciate the stuff that we take for granted. And asks,
• 1:19
  Speaker 3: to what end? Precisely when we need to hear it. And,
• 1:23
  Speaker 3: of course, the mystery box-obsessed, money-wins curator and baker of
• 1:28
  Speaker 3: quite possibly my favourite cookies in the entire world to date,
• 1:33
  Speaker 3: Miss Jessica Ricci.
• 1:35
  Speaker 2: Yay.
• 1:36
  Speaker 3: And I recently returned that tin to you because I
• 1:39
  Speaker 3: kept it for way too long.
• 1:40
  Speaker 2: Mm-hmm.
• 1:41
  Speaker 3: And I'm just so sad that I didn't refill it
• 1:43
  Speaker 3: with something because I didn't have time. But I just
• 1:46
  Speaker 3: think if somebody lends you a container for a snack,
• 1:49
  Speaker 3: you should put a snack in it to return it.
• 1:50
  Speaker 2: That's really sweet. I love that idea.
• 1:52
  Speaker 3: And then she's got washing to do. Well, that's on her.
• 1:55
  Speaker 2: The price of a nice sweet treat is the washing.
• 1:59
  Speaker 3: Also, the idea of getting Jessica Ricci a sweet treat,
• 2:03
  Speaker 3: I just don't think we could ever meet her level.
• 2:06
  Speaker 3: So I'd be kind of embarrassed.
• 2:07
  Speaker 2: I'd be like.
• 2:08
  Speaker 3: Take my poverty cookies. Yeah, scary. And she'd be like, thanks,
• 2:13
  Speaker 3: as though like a toddler's handling her like a Play-Doh
• 2:16
  Speaker 3: cookie or something. That's how I think that would play out.
• 2:18
  Speaker 2: You can taste the love.
• 2:20
  Speaker 3: You can, and it tastes a lot like Play-Doh. Anyway,
• 2:23
  Speaker 3: welcome to today's episode where we're going to be discussing
• 2:26
  Speaker 3: some good old money dilemmas played straight from the she's
• 2:28
  Speaker 3: on the money answering machine. Personally, this week's message stresses
• 2:32
  Speaker 3: me out. Like, What do you mean? Someone wants to
• 2:34
  Speaker 3: jeopardize your first home buyer's eligibility without some sort of
• 2:37
  Speaker 3: equity in return. Absolutely disgraceful. That's where we're going. Things
• 2:41
  Speaker 3: get a little bit dramatic, but we promise there's always
• 2:44
  Speaker 3: something light in the mix to help you end your
• 2:46
  Speaker 3: week on a high. When we return from the break,
• 2:48
  Speaker 3: we're going to be sharing a five-star review from an OG.
• 2:51
  Speaker 3: So guys, don't go anywhere. Welcome back. As promised, it
• 2:58
  Speaker 3: is time for a five-star review. If you've ever wondered, Guys,
• 3:03
  Speaker 3: where do your five-star reviews come from? Well, I am
• 3:06
  Speaker 3: so glad you asked, my friends. We get them from
• 3:08
  Speaker 3: all sorts of lovely different places. We get them from Spotify.
• 3:12
  Speaker 3: We get them from Apple Podcasts. We get them from
• 3:14
  Speaker 3: your preferred app of choice. And sometimes you guys slide
• 3:17
  Speaker 3: into our DMs just like this week Charlie did, and
• 3:20
  Speaker 3: she delivered the news. Hi, girls. I just wanted to
• 3:23
  Speaker 3: reach out and say thank you so much for changing
• 3:26
  Speaker 3: my life, both personally and professionally. I've been listening since 2019.
• 3:31
  Speaker 3: And two weeks ago, I got my first job at
• 3:33
  Speaker 3: a financial advice firm as an RM, which is a
• 3:37
  Speaker 3: relationship manager. I'm about to start my degree to become
• 3:40
  Speaker 3: a financial advisor myself all because of you.
• 3:43
  Speaker 4: Oh, my God, it's amazing.
• 3:45
  Speaker 3: Isn't that the most wholesome thing ever?
• 3:47
  Speaker 2: And 319's an OG. OG, that's season one.
• 3:50
  Speaker 3: That is season one. I'm so sorry that you had
• 3:52
  Speaker 3: to go through that, but thank you for staying and, like,
• 3:56
  Speaker 3: believing that we could be better. Amazing.
• 3:58
  Speaker 2: And we need more women in finance, so good on you.
• 4:00
  Speaker 3: We do.
• 4:01
  Speaker 1: We do.
• 4:01
  Speaker 3: Charlie, you're not only technically an OG, but you are
• 4:04
  Speaker 3: a fully-fledged advisor, and I love that. Like, sometimes I
• 4:08
  Speaker 3: get called an influencer, which I hate. But if I'm
• 4:11
  Speaker 3: influencing you to get into a career, I'll take it.
• 4:14
  Speaker 2: That's a good one.
• 4:15
  Speaker 3: I will take it. We are so happy that you
• 4:17
  Speaker 3: are in our community and I just am really grateful
• 4:20
  Speaker 3: that you shared that review with us. Remember, it is
• 4:22
  Speaker 3: never too late to share your praise for our pod
• 4:26
  Speaker 3: in our DMs or literally anywhere. So if you've tuned
• 4:29
  Speaker 3: in from the start, we want to hear from you.
• 4:31
  Speaker 3: Please reach out, leave a review. We would love it
• 4:34
  Speaker 3: so much. But also there's something extra special and like super,
• 4:38
  Speaker 3: super sweet. When people are like, I've been here the
• 4:40
  Speaker 3: whole time.
• 4:41
  Speaker 2: I know.
• 4:42
  Speaker 3: Like, I love new friends, but you can't make old friends.
• 4:46
  Speaker 3: And I think that that's really special.
• 4:48
  Speaker 2: Yeah. Beautiful.
• 4:49
  Speaker 3: All right. Now, my friends, I know what you're thinking.
• 4:53
  Speaker 3: What do you guys do when you're not talking about
• 4:55
  Speaker 3: five-star reviews and you're not writing or thinking or yapping
• 4:58
  Speaker 3: about money? Well, we are obviously trawling through our Facebook
• 5:02
  Speaker 3: group for a decent question of the week. And this
• 5:05
  Speaker 3: one comes from Kim, who asks... Besides She's on the Money,
• 5:09
  Speaker 3: what are your top three podcasts that you regularly listen to?
• 5:12
  Speaker 3: I think we need to whip out our phones for
• 5:14
  Speaker 3: this one.
• 5:15
  Speaker 4: I know off the top of my head.
• 5:16
  Speaker 3: Oh, okay. Well, you're first. You're first.
• 5:19
  Speaker 4: So we've got Dane Detectives.
• 5:21
  Speaker 3: We've got Betrayal. Wait. Oh, you know off the top
• 5:25
  Speaker 3: of your head.
• 5:26
  Speaker 2: Surely the science one that you always talk about.
• 5:29
  Speaker 3: I do like science verses, but you've got to be
• 5:31
  Speaker 3: in the mood for learning. Oh, she doesn't. Okay, she
• 5:33
  Speaker 3: doesn't make the cut.
• 5:34
  Speaker 4: But it is like an incredible one. So definitely, definitely, definitely. Oh,
• 5:38
  Speaker 4: everyone has an X.
• 5:39
  Speaker 2: That's right.
• 5:40
  Speaker 4: Everyone has an X. Betrayal, everyone has an X. Dating detectives.
• 5:44
  Speaker 3: Okay, but sell us on them. Why those? Because that's
• 5:46
  Speaker 3: quite eclectic, you could say. That's true.
• 5:48
  Speaker 4: Well, I have just like one topic that I am
• 5:51
  Speaker 4: just like obsessed with and that is hearing about people's stories,
• 5:54
  Speaker 4: romantic or otherwise, where like someone has pretended to be
• 5:58
  Speaker 4: something that they're not.
• 5:59
  Speaker 3: So maybe like you're dating someone.
• 6:00
  Speaker 4: Yeah, like catfishing but dogfishing where it's like you're physically
• 6:03
  Speaker 4: who you say you are but you– And this is what.
• 6:06
  Speaker 3: Oh, it's giving Hamish, like the Who's the Hell is
• 6:08
  Speaker 3: Hamish series. Exactly, exactly.
• 6:09
  Speaker 2: Yeah, okay.
• 6:10
  Speaker 4: And maybe they're secretly psycho or abusive and that's great
• 6:14
  Speaker 4: to be, you know what I mean?
• 6:15
  Speaker 2: Yeah.
• 6:16
  Speaker 4: All three of them kind of have this.
• 6:18
  Speaker 2: Yeah.
• 6:19
  Speaker 3: I feel like I need to get on that because
• 6:20
  Speaker 3: I would be totally about that.
• 6:22
  Speaker 4: Oh, it's really, really, really interesting.
• 6:24
  Speaker 3: I feel like we're going to end up with a
• 6:25
  Speaker 3: completely different answer from Miss Jessica Ricci because she's not
• 6:28
  Speaker 3: into what we're into, Bec. True.
• 6:30
  Speaker 2: No. And in a deeply ironic twist of fate, I'm
• 6:34
  Speaker 2: not a huge podcast listener.
• 6:35
  Speaker 3: Which I find so funny.
• 6:37
  Speaker 2: Yeah, my top podcast is our podcast.
• 6:39
  Speaker 3: Yeah. That's so cute.
• 6:41
  Speaker 2: Yeah, it's just not my preferred way to consume media.
• 6:43
  Speaker 2: So if I am going to listen to a podcast,
• 6:45
  Speaker 2: it's normally– we have so many friends that have cool podcasts.
• 6:47
  Speaker 2: Like obviously you and Indie do Cheapskates. Brooke and George
• 6:51
  Speaker 2: do What Would We Know. We have like Glenn James
• 6:53
  Speaker 2: and Emma Edwards and Friends of the Show. So if
• 6:56
  Speaker 2: I'm going to listen to something, I'll normally try listening
• 6:58
  Speaker 2: to one of our friends.
• 6:59
  Speaker 3: Like a friend you know.
• 6:59
  Speaker 2: Yeah, because it's cool to support your friends doing cool things.
• 7:02
  Speaker 2: That's really cute. And the same with audiobooks. Like my
• 7:04
  Speaker 2: boyfriend loves an audiobook and I just– I don't know
• 7:08
  Speaker 2: what's wrong with my brain, but I can't.
• 7:09
  Speaker 3: There's nothing wrong with your brain.
• 7:11
  Speaker 2: Oh, thank you. I would rather read something. Maybe I
• 7:14
  Speaker 2: should try reading a podcast transcript and see how that
• 7:17
  Speaker 2: goes for me.
• 7:18
  Speaker 3: Well, they're free. They're like Apple and Spotify. If you
• 7:21
  Speaker 3: want the transcript of any of our podcasts, she's right
• 7:23
  Speaker 3: there built in now. True. I can't think of anything worse,
• 7:26
  Speaker 3: to be honest, Jess. If I'm going to listen to
• 7:29
  Speaker 3: a podcast, I'm going to be popping it in my
• 7:31
  Speaker 3: ears and closing my eyes.
• 7:32
  Speaker 2: That's fair play. I know, it's wild. Yeah, sorry. I
• 7:34
  Speaker 2: feel like that's a disappointing answer, but.
• 7:36
  Speaker 4: No.
• 7:37
  Speaker 3: I know Jess knows what I'm going to say.
• 7:39
  Speaker 2: Yes.
• 7:41
  Speaker 3: And I don't know if this makes me really unhinged,
• 7:45
  Speaker 3: but I only listen to true crime. Like I don't
• 7:48
  Speaker 3: listen to pop culture. I don't listen to like, sorry,
• 7:51
  Speaker 3: our friends' podcasts. I most definitely do not listen to
• 7:54
  Speaker 3: our podcasts in, again, a cruel twist of fate. No
• 7:58
  Speaker 3: one's voice is more annoying than my own. Yeah. It's
• 8:02
  Speaker 3: hard to listen to yourself for sure. It's like the
• 8:04
  Speaker 3: ultimate cringe and I just– I am so grateful that
• 8:08
  Speaker 3: this podcast took off and we could hire an editor
• 8:11
  Speaker 3: because I no longer have to listen to my own
• 8:13
  Speaker 3: voice over and over while editing content, which is, to me, ugh.
• 8:17
  Speaker 3: I know.
• 8:19
  Speaker 2: Right?
• 8:19
  Speaker 3: So anyway, we're true crime girlies in this house. My
• 8:23
  Speaker 3: top podcast would be Morbid and I'm obsessed with Morbid.
• 8:28
  Speaker 3: Two girls from the US run that and they've built
• 8:32
  Speaker 3: an entire empire around them, obsessed. The next podcast I
• 8:37
  Speaker 3: really like is called And like, I don't know if
• 8:40
  Speaker 3: it's my, you know, millennial brain, but I'm like, I
• 8:43
  Speaker 3: don't know why you would have picked this for a
• 8:44
  Speaker 3: podcast name, but you did. Two girls, one ghost. Cool.
• 8:48
  Speaker 2: Okay.
• 8:48
  Speaker 3: What's that about? Get this paranormal activity. Oh my God.
• 8:52
  Speaker 2: Oh, that's quite fun.
• 8:52
  Speaker 3: And like true crime. So it's kind of like, they're
• 8:55
  Speaker 3: quite funny and well nuanced. One thing I really think
• 8:58
  Speaker 3: is important when discussing true crime and maybe, I don't know,
• 9:04
  Speaker 3: For those of you playing along at home who maybe
• 9:06
  Speaker 3: don't know a lot about my history, I grew up
• 9:07
  Speaker 3: with a mother who was a coroner. And so in
• 9:11
  Speaker 3: grade three, I got in trouble because I went to
• 9:13
  Speaker 3: school and I told people that my mom cuts up
• 9:16
  Speaker 3: dead people. And it turns out you shouldn't say that
• 9:19
  Speaker 3: because the teacher didn't believe me, had to ask my mom.
• 9:23
  Speaker 3: And my mom's like, look, she's not wrong, but she's not.
• 9:25
  Speaker 3: You're right. She probably shouldn't be sharing this information with
• 9:28
  Speaker 3: a whole bunch of grade threes. It's probably not appropriate.
• 9:31
  Speaker 3: I will talk to her.
• 9:31
  Speaker 2: Some kids went home with nightmares.
• 9:32
  Speaker 3: But I think it's so important, I think, because of
• 9:34
  Speaker 3: that background, but also just like these true crime stories
• 9:37
  Speaker 3: are about genuine people.
• 9:39
  Speaker 1: Yeah.
• 9:40
  Speaker 3: I only like true crime content that's not like super sensationalized.
• 9:44
  Speaker 3: I want those people to be really human to me.
• 9:46
  Speaker 3: And I love how both of those podcasts really like
• 9:49
  Speaker 3: humanize the victim and talk about them. And like, you know,
• 9:53
  Speaker 3: they're really respectful. And I think that that's important. And
• 9:57
  Speaker 3: then the next podcast, which is in the same vein.
• 10:00
  Speaker 3: is a podcast called Seriously. And that is, again, a
• 10:03
  Speaker 3: true crime podcast with a person called Annie Elise. And
• 10:07
  Speaker 3: she was recommended to me by Jacqueline in our team.
• 10:11
  Speaker 3: And Jacqueline is one of our brilliant mortgage brokers, been
• 10:14
  Speaker 3: on the show, but she and I both binge listen
• 10:17
  Speaker 3: to true crime. Like you could quiz either of us
• 10:19
  Speaker 3: about any kind of terrible thing that went on in
• 10:22
  Speaker 3: the world and we would probably know.
• 10:23
  Speaker 2: See, I would just be able to sleep at night.
• 10:26
  Speaker 3: I know.
• 10:26
  Speaker 2: Like Victoria will listen to it to go to sleep.
• 10:28
  Speaker 5: I do.
• 10:28
  Speaker 2: Whereas I'm like I'm not going to sleep for three
• 10:30
  Speaker 2: days if I have to hear all these scary details.
• 10:32
  Speaker 3: Yes. See, I can't fall asleep without some true crime
• 10:34
  Speaker 3: in my ears.
• 10:35
  Speaker 2: Horrifying.
• 10:36
  Speaker 3: Like every single night I crawl into bed and my
• 10:38
  Speaker 3: husband's like, are you going to put a podcast on?
• 10:41
  Speaker 3: And I go, yes, King. And I turn on a
• 10:43
  Speaker 3: murder podcast, 30-minute timer, it will turn off and both
• 10:46
  Speaker 3: of us fall asleep to the dulcet tones of, I
• 10:50
  Speaker 3: don't know, hearing about how someone used a hacksaw.
• 10:53
  Speaker 6: Yes.
• 10:55
  Speaker 3: Well, that sounds very tranquil. Thank you. It's a little
• 10:59
  Speaker 3: bit like, oh, what's your sleep hygiene routine? I'm like,
• 11:03
  Speaker 3: I don't know if I want to tell you, but
• 11:04
  Speaker 3: I'll tell this podcast that gets millions of listens. Hell yeah.
• 11:08
  Speaker 3: I guess say what you want, but I reckon more podcasts,
• 11:11
  Speaker 3: the better. And I'm just grateful that our community are
• 11:14
  Speaker 3: obsessed with money podcasts. But yeah, I do refuse to
• 11:17
  Speaker 3: go to sleep without some true crime in my ear.
• 11:20
  Speaker 2: Fair.
• 11:20
  Speaker 3: Anyway, Miss Jessica Ricci.
• 11:22
  Speaker 2: Yes.
• 11:23
  Speaker 3: Money wins. I've seen some good ones pop up on
• 11:25
  Speaker 3: my feed, but I want to know which community money
• 11:27
  Speaker 3: wins have you seen that have taken the cake enough
• 11:30
  Speaker 3: to bring to the show?
• 11:31
  Speaker 2: All right. Well, firstly, I'm starting off with one from
• 11:33
  Speaker 2: a Jessica. Excellent name.
• 11:34
  Speaker 3: Oh, I see why we picked. Yep.
• 11:37
  Speaker 2: No play favorites here. I've been very slowly building our
• 11:39
  Speaker 2: emergency fund. I finally hit $ 1, 000 a few days ago.
• 11:43
  Speaker 2: And to top off the wins, I paid off a
• 11:45
  Speaker 2: credit card this week as well.
• 11:47
  Speaker 3: Amazing. Iconic. And that feels so good. Yeah. But at
• 11:51
  Speaker 3: the same time, Jess, you've been in debt. Bec, you've
• 11:53
  Speaker 3: been in debt. Why does it feel so disappointing when
• 11:56
  Speaker 3: you like pay it off? There's no like streamers or
• 11:59
  Speaker 3: popping of champagne or like something you pay it off
• 12:02
  Speaker 3: and they're like, thanks. And you're like, And?
• 12:05
  Speaker 4: A stamp, a.
• 12:06
  Speaker 2: Sticker, something.
• 12:07
  Speaker 3: That's so true. Surely I put out the back of
• 12:10
  Speaker 3: my hand and you give me a smiley face stamp.
• 12:12
  Speaker 2: Surely. We'll petition to implement that at the big four.
• 12:16
  Speaker 3: But we will celebrate you. You don't need the stamp.
• 12:19
  Speaker 3: You've got us.
• 12:20
  Speaker 2: 100%. Next, I've got a money win from Anthea, who
• 12:22
  Speaker 2: said she sold the tablecloths and chair covers from her
• 12:25
  Speaker 2: wedding on Marketplace, which is already a win. Then when
• 12:28
  Speaker 2: the lady came to collect them, she saw that she
• 12:30
  Speaker 2: had chickens and asked if she had eggs to sell.
• 12:33
  Speaker 2: Anthea offered her a dozen for free, but the lady
• 12:36
  Speaker 2: refused to take them, so she gave her $ 10 and
• 12:38
  Speaker 2: asked to become a regular customer.
• 12:40
  Speaker 3: Stop it. That's so gorgeous. That's so wholesome. I know,
• 12:44
  Speaker 3: isn't it? Also, $ 10 for some eggs. Girl, that's a
• 12:47
  Speaker 3: good deal. That's a good little business you're hustling there. Yeah, 100%.
• 12:50
  Speaker 2: Anthea put in a photo of her eggs, and they're
• 12:52
  Speaker 2: very aesthetically pleasing. Oh, my God.
• 12:54
  Speaker 3: They're different colors.
• 12:55
  Speaker 2: And it seems like each chicken is laying a uniquely
• 12:57
  Speaker 2: colored egg. There's three distinct color. There's a bluey one,
• 13:00
  Speaker 2: a cream one, and I just think that's... Nature is beautiful,
• 13:03
  Speaker 2: isn't it?
• 13:04
  Speaker 3: Jess, you know my friend Angela, she has a collection
• 13:06
  Speaker 3: of different chickens and they all lay different color eggs
• 13:09
  Speaker 3: and I am quite envious.
• 13:10
  Speaker 2: I didn't know that was a thing.
• 13:11
  Speaker 4: How do they do that?
• 13:12
  Speaker 2: That's so cool.
• 13:12
  Speaker 3: I think it's just the breed. So like the outside
• 13:14
  Speaker 3: of the egg just has a different, it's probably got
• 13:17
  Speaker 3: something to do with the mineral makeup and what they
• 13:19
  Speaker 3: eat and whatever.
• 13:20
  Speaker 2: Yes, true.
• 13:20
  Speaker 3: But like the different breeds have different like types of eggs.
• 13:25
  Speaker 2: Wow. The more you know. It's kind of cool, huh?
• 13:26
  Speaker 3: Very cool.
• 13:27
  Speaker 4: It is really cool.
• 13:28
  Speaker 2: Next, I've got a money win from Olivia who said,
• 13:30
  Speaker 2: I got paid my first dividends today from investing in ETFs.
• 13:33
  Speaker 2: It was only a couple of dollars, but it's still
• 13:35
  Speaker 2: very exciting. I love that. And overall, since April, they've
• 13:38
  Speaker 2: increased in value by $ 65. Stop it.
• 13:40
  Speaker 3: Well done, Olivia.
• 13:43
  Speaker 2: Zana said she went to the Selvos this morning and
• 13:45
  Speaker 2: they had a rack that said red tags were now $ 2.
• 13:49
  Speaker 2: Had a little dig through, found three dresses and two tops.
• 13:52
  Speaker 2: At the checkout, the total would have been $ 62. $ 62.
• 13:55
  Speaker 2: but it came down to a cool $ 10.
• 13:58
  Speaker 1: Wow.
• 13:58
  Speaker 3: Money win.
• 13:59
  Speaker 2: We love a special rack at the op shop. Shuffle said,
• 14:02
  Speaker 2: money win. I wanted to upskill and I enrolled myself
• 14:05
  Speaker 2: into a cert for in marketing communications through open colleges
• 14:09
  Speaker 2: because they were running a 50% discount on courses.
• 14:13
  Speaker 3: Okay, icon.
• 14:14
  Speaker 2: How good. And then she said the lady she spoke with,
• 14:17
  Speaker 2: I'm assuming to enroll her, took an extra 500 bucks off.
• 14:19
  Speaker 2: So instead of paying $ 6, 150, she paid $ 2, 575. Stop it.
• 14:23
  Speaker 2: And she probably.
• 14:26
  Speaker 3: Sweet talked the lady and the lady was like, I'm
• 14:29
  Speaker 3: going to give you a further discount. And that's what
• 14:31
  Speaker 3: you get for being nice.
• 14:32
  Speaker 2: Exactly. Always, always, always be nice to the service people.
• 14:36
  Speaker 2: And then lastly this week, I've got a money win
• 14:38
  Speaker 2: from Stephanie who said, it was scary porting my number
• 14:41
  Speaker 2: over after being with the same phone company for 25 years,
• 14:45
  Speaker 2: but I finally did it for a better deal. Process
• 14:47
  Speaker 2: was very smooth. And so this pushed me to make
• 14:49
  Speaker 2: the switch for more things now.
• 14:51
  Speaker 3: I love that. And I also think it's important to
• 14:54
  Speaker 3: remind people that if you change phone companies, you can
• 14:57
  Speaker 3: keep your number.
• 14:58
  Speaker 2: Yes. I'm not learning a new phone number.
• 15:00
  Speaker 3: No, no, neither. I have had that phone number since
• 15:03
  Speaker 3: like teenagehood. It's just not happening. You can't pry it
• 15:07
  Speaker 3: from me. Like learning new strings of numbers for me,
• 15:10
  Speaker 3: it's just not happening.
• 15:11
  Speaker 6: No.
• 15:11
  Speaker 3: Also, same reason I can't divorce my husband because I
• 15:14
  Speaker 3: know his mobile number off the top of my head.
• 15:16
  Speaker 3: And like in this economy, who knows mobile numbers off
• 15:19
  Speaker 3: the top of their head?
• 15:20
  Speaker 2: James and I had this argument this week. He said
• 15:23
  Speaker 2: he knows my phone number off by heart. I don't know.
• 15:24
  Speaker 2: He's like, what if you get lost in the street?
• 15:26
  Speaker 2: I say, well, God forbid. I'm lost. I am stuck.
• 15:30
  Speaker 3: I am proper lost.
• 15:32
  Speaker 4: I'm sure there's, like, other ways.
• 15:34
  Speaker 2: Unless maybe, oh, I just can't imagine. I'm calling my parents'
• 15:36
  Speaker 2: home phone that I remember from 20 years ago. Like,
• 15:39
  Speaker 2: that's the only phone number I know. I know.
• 15:40
  Speaker 3: I think about that.
• 15:41
  Speaker 4: I'm like, do you have access to someone's phone, some
• 15:44
  Speaker 4: sort of civilization? But I just feel like you won't
• 15:46
  Speaker 4: need to know that number off by heart.
• 15:49
  Speaker 2: Yeah.
• 15:49
  Speaker 3: You know?
• 15:49
  Speaker 2: I'm going to have to start putting his number in
• 15:51
  Speaker 2: the back of my clothes.
• 15:52
  Speaker 3: This is something that I've been thinking of recently because,
• 15:56
  Speaker 3: I mean, I only have a two-year-old. But, like, he
• 15:59
  Speaker 3: started going and staying at his grandma's house for the
• 16:01
  Speaker 3: day on Fridays and stuff like that. And, like, I
• 16:04
  Speaker 3: obviously call her. But at what point does he need
• 16:07
  Speaker 3: to call me? Does he have to ask someone for
• 16:09
  Speaker 3: a phone that has my number? Will he ever know
• 16:11
  Speaker 3: my phone number? Like, I know my parents' mobile numbers.
• 16:14
  Speaker 3: I know my parents', like, landline number off by heart.
• 16:18
  Speaker 3: But at what point do you learn your parents' mobile numbers?
• 16:22
  Speaker 2: Yeah.
• 16:23
  Speaker 3: And what are people doing about this? And also there's
• 16:25
  Speaker 3: just like a lot of layers there. I don't think
• 16:28
  Speaker 3: I'm comfortable with my kid having an iPhone. What are
• 16:30
  Speaker 3: we doing? Yeah. Like he's only two, but he handed
• 16:33
  Speaker 3: me my phone literally yesterday and goes, call Harriet. And
• 16:38
  Speaker 3: I was like, sure. But like he's already asking to
• 16:41
  Speaker 3: call his mates. Yeah.
• 16:43
  Speaker 1: So.
• 16:44
  Speaker 3: Yeah. Yeah, true.
• 16:46
  Speaker 2: Hard to navigate in this day and age.
• 16:47
  Speaker 4: Well, exactly right.
• 16:48
  Speaker 3: I'm just going to lead him to believe that the
• 16:51
  Speaker 3: internet doesn't exist.
• 16:53
  Speaker 2: Kids need... Leashes.
• 16:54
  Speaker 3: Do you know people put that on their kids? There
• 16:56
  Speaker 3: had to be like a thing go out at daycare
• 16:58
  Speaker 3: a little while ago. Side note, because people were putting
• 17:01
  Speaker 3: like air tags in their kids' stuff, but then they
• 17:03
  Speaker 3: made all of the daycare workers' phones beep all day
• 17:06
  Speaker 3: because an air tag was following them. So they were like, hey, like...
• 17:09
  Speaker 3: What can we do about this situation?
• 17:12
  Speaker 4: Right.
• 17:12
  Speaker 2: Yeah, I've seen, like, shoes.
• 17:14
  Speaker 3: They're like, we don't care that you've got it. But, like,
• 17:17
  Speaker 3: what's going on? I would like to. Freely follow my
• 17:20
  Speaker 3: child's location without everyone's phone going off. A hundred percent.
• 17:23
  Speaker 3: But what are we doing in that situation? Because it's
• 17:25
  Speaker 3: actually unethical to like be able to slip an air
• 17:28
  Speaker 3: tag in your back pocket and you don't know. And
• 17:31
  Speaker 3: then the air tag follows you. Like there's just so
• 17:34
  Speaker 3: many complications there. Oh, yeah, I see. Because you and
• 17:36
  Speaker 3: I are quite wholesome. We immediately go, well, that's a
• 17:38
  Speaker 3: good idea.
• 17:39
  Speaker 6: Yeah.
• 17:40
  Speaker 4: Yeah.
• 17:41
  Speaker 3: But there are people who are not very kind. Like
• 17:43
  Speaker 3: what if you put it in your ex's car, you know?
• 17:45
  Speaker 4: Yeah, okay.
• 17:47
  Speaker 3: And obviously that would get used in not so good situations. Totally.
• 17:51
  Speaker 3: So like it's good that it notifies you, but like
• 17:54
  Speaker 3: you can't send your kid to daycare with one.
• 17:57
  Speaker 2: Yes.
• 17:57
  Speaker 3: Okay. No, that's true, actually.
• 17:59
  Speaker 4: Yeah, I guess we didn't think about it because we
• 18:01
  Speaker 4: have pure intentions.
• 18:02
  Speaker 3: That's because you wouldn't do it. But no, sorry, collar
• 18:05
  Speaker 3: with the little, what's this thing called? A name tag.
• 18:08
  Speaker 4: A tag with your mum or your.
• 18:11
  Speaker 3: Dad's number on it.
• 18:12
  Speaker 2: That's so funny.
• 18:13
  Speaker 3: Isn't that so cute? I think that's cute, but I'm
• 18:15
  Speaker 3: not going to put a collar on my child. Maybe
• 18:18
  Speaker 3: if we go somewhere, I might put like a wristband
• 18:20
  Speaker 3: or something. A wristband.
• 18:21
  Speaker 2: There you go.
• 18:22
  Speaker 3: With my number. Look, I haven't thought about this enough.
• 18:25
  Speaker 3: And to be honest, when I do start thinking about it,
• 18:27
  Speaker 3: I get scared. So, great tips. What have you got? Oh, yes,
• 18:30
  Speaker 3: of course. I have, as always, two from the community.
• 18:34
  Speaker 3: One from myself.
• 18:35
  Speaker 4: This first one comes from Radi, who says, Welcome app offers...
• 18:39
  Speaker 4: Some petrol stations offer welcome offers when you download the app.
• 18:42
  Speaker 4: Five cents off per litre, for example. Other benefits as well,
• 18:46
  Speaker 4: but the cents off per litre make it so worth it, which.
• 18:49
  Speaker 3: I think is a great idea. Ampol, I think, and yeah,
• 18:52
  Speaker 3: some others. BP do it. Yeah, BP. Jess and I
• 18:57
  Speaker 3: got free coffee the other day because of BP.
• 18:59
  Speaker 2: There you go.
• 19:00
  Speaker 4: I'm like, I need to get on these petrol station apps.
• 19:03
  Speaker 3: Jess and I are on this.
• 19:04
  Speaker 2: Mm-hmm.
• 19:05
  Speaker 4: This next one comes from Jean, who says, if you're
• 19:07
  Speaker 4: a chat GPT user, you can tell it where you're
• 19:09
  Speaker 4: going and ask for it to find the cheapest or
• 19:12
  Speaker 4: free parking close by.
• 19:13
  Speaker 3: And it generally is quite helpful. Isn't that a great idea?
• 19:16
  Speaker 3: That's actually quite smart. Maybe you could use that instead
• 19:19
  Speaker 3: of parking in 15 minutes. It finds me specks, I had.
• 19:24
  Speaker 2: Totally adept.
• 19:25
  Speaker 3: Did you see that coming? I actually did it and
• 19:27
  Speaker 3: I should have.
• 19:28
  Speaker 4: It is a very car heavy brogue tip theme this week.
• 19:34
  Speaker 4: My one is, L-M-C-T plus petrol stations.
• 19:37
  Speaker 3: Have you guys seen these? Yes. I can't get in.
• 19:39
  Speaker 3: It's so annoying because you need to be a member. No,
• 19:41
  Speaker 3: you give me the ick. This is giving multi-level marketing
• 19:45
  Speaker 3: more on the internet. This can't be your broke tip, Bec.
• 19:48
  Speaker 4: I just thought it was because I drank past you
• 19:50
  Speaker 4: because I like, you know, you're on Petrel Spy. So
• 19:53
  Speaker 4: I like drove like 10 minutes to go find the
• 19:55
  Speaker 4: cheapest petrol, which happened to be this.
• 19:57
  Speaker 3: Become a member.
• 19:58
  Speaker 2: One.
• 19:58
  Speaker 3: Get good at gambling. Well, I was going to say.
• 20:00
  Speaker 3: Is that right?
• 20:01
  Speaker 2: I read an article recently that said it looks there's
• 20:05
  Speaker 2: discussions that it might be outlawed because they're basically dressing up.
• 20:09
  Speaker 2: gambling as a subscription model.
• 20:12
  Speaker 3: It's a gambling subscription model. Like at the end of
• 20:15
  Speaker 3: the day, don't get me wrong. Like me as a
• 20:17
  Speaker 3: business person, right? Like I've got two minds. I've got
• 20:20
  Speaker 3: what's good for our community. And then I go, oh,
• 20:22
  Speaker 3: I love looking at an interesting business model and generating revenue.
• 20:25
  Speaker 3: So if I put that hat on, I'm like far out.
• 20:28
  Speaker 3: Subscription models are so smart because you're kind of locking
• 20:31
  Speaker 3: people in to an ongoing fee per month and People
• 20:36
  Speaker 3: are inherently lazy, very unlikely for them to unsubscribe. You're
• 20:39
  Speaker 3: probably going to get more money out of them. Great. Fine.
• 20:42
  Speaker 3: You're also like giving them a price point at which
• 20:45
  Speaker 3: they're usually pretty comfortable to miss out on. But you're
• 20:49
  Speaker 3: saying you could win X amount of dollars each and
• 20:51
  Speaker 3: every single month. And if you're a member, you go
• 20:53
  Speaker 3: into the like raffle or, you know, the lottery or
• 20:56
  Speaker 3: whatever it is, and they will justify it and compare
• 20:59
  Speaker 3: this lottery to other lotteries and your ability to you know,
• 21:03
  Speaker 3: win in other lotteries. They're like, this one's way better.
• 21:06
  Speaker 3: Like the chances are so high. And they really showcase
• 21:09
  Speaker 3: the people that do win because it's a legitimate lottery.
• 21:11
  Speaker 2: Right.
• 21:12
  Speaker 3: So like, you know, if Jess won, they would make
• 21:14
  Speaker 3: sure that in the terms and conditions of signing up,
• 21:18
  Speaker 3: Jess has signed away her life basically so that she
• 21:21
  Speaker 3: can be paraded around social media to be like, look, Jess,
• 21:25
  Speaker 3: this real person won all this money and all this petrol.
• 21:29
  Speaker 3: And oh, my God. And Jess is going to be
• 21:31
  Speaker 3: excited because like if Jess wins stuff, you're like, Jess
• 21:34
  Speaker 3: looks like me. This becomes really like approachable. Maybe I
• 21:39
  Speaker 3: do want to be in this community. And like it's
• 21:41
  Speaker 3: led by someone that people want to be like, so
• 21:43
  Speaker 3: it's quite aspirational in nature.
• 21:45
  Speaker 2: Totally.
• 21:46
  Speaker 3: So you see this whole thing and then he's like,
• 21:48
  Speaker 3: I'm going to do a petrol station because, you know what,
• 21:51
  Speaker 3: I'm a really good guy and I think petrol is
• 21:55
  Speaker 3: so expensive and I want it to be better for you.
• 21:57
  Speaker 3: And you go, yeah, I'm the common person. I love this.
• 22:01
  Speaker 3: And the reality is he's making way more than any
• 22:05
  Speaker 3: other petrol station would be because you have to be
• 22:07
  Speaker 3: a member. You have to subscribe. He's giving you, quote,
• 22:10
  Speaker 3: cheap petrol at what cost. There's so much hidden stuff.
• 22:14
  Speaker 3: Like he's making more money per litre on that petrol,
• 22:17
  Speaker 3: I promise you. than any other petrol station in the country.
• 22:21
  Speaker 2: Or even if it's loss leading, it would be leading
• 22:23
  Speaker 2: people into, I guess, that gambling because that's the space
• 22:27
  Speaker 2: that he primarily plays in. So I'm not super familiar
• 22:30
  Speaker 2: with the model of the fuel and how it works.
• 22:32
  Speaker 3: I've also been watching the TikTok drama because there's another
• 22:35
  Speaker 3: business that has replicated this business completely. It's stupid. So
• 22:39
  Speaker 3: like me talking completely different, but I think people will
• 22:42
  Speaker 3: find this interesting. They didn't even try. Like their marketing,
• 22:46
  Speaker 3: their branding. It's like they put this brand into AI
• 22:49
  Speaker 3: and said, do you put like 5% different?
• 22:52
  Speaker 2: Yeah.
• 22:52
  Speaker 3: Because there's nothing that like the colors are the same.
• 22:55
  Speaker 2: The business model isn't protected legally. Like anyone could run
• 22:59
  Speaker 2: the same business model.
• 23:00
  Speaker 3: 100%. But that's not what they're copying. They're copying their marketing,
• 23:03
  Speaker 3: their branding. Their name is semi-similar to the point where
• 23:06
  Speaker 3: their consumers are getting confused between the two brands. Like
• 23:09
  Speaker 3: it's actually psychotic. But I'm not letting you be that.
• 23:14
  Speaker 3: I'm not letting you have that as a broke tip
• 23:16
  Speaker 3: because yes, cheap petrol is really good. But from my perspective,
• 23:21
  Speaker 3: when I then put my community hat on, that is
• 23:24
  Speaker 3: so predatory. It is not good for our community. And
• 23:28
  Speaker 3: I'm so happy for all of this conversation that I'm
• 23:30
  Speaker 3: having to be on the podcast because it is what
• 23:32
  Speaker 3: it is. It's my opinion. It's, you know, other people
• 23:34
  Speaker 3: might say, oh, like, but I really like it. Pop off, queen.
• 23:38
  Speaker 3: But at the end of the day, it is gambling.
• 23:40
  Speaker 3: Gambling is addictive. Gambling is negative for your financial future.
• 23:44
  Speaker 3: It doesn't put you in a better situation. And yes,
• 23:47
  Speaker 3: your quote odds might be better, but like we're appealing
• 23:50
  Speaker 3: to an audience who also don't understand investing and also
• 23:54
  Speaker 3: don't probably have emergency funds or have $ 500 to pull
• 23:58
  Speaker 3: on in an emergency. And they're lulled into this false
• 24:01
  Speaker 3: sense of security because petrol will be cheaper and we
• 24:04
  Speaker 3: are in the middle of a cost of living crisis
• 24:06
  Speaker 3: and That's good, right?
• 24:08
  Speaker 4: This is actually very good and still like a broke
• 24:10
  Speaker 4: tip in a way because if you're anything like me
• 24:12
  Speaker 4: and like because you know LMCT or maybe you do,
• 24:15
  Speaker 4: maybe you don't.
• 24:15
  Speaker 3: You've seen it all over socials. It's everywhere.
• 24:17
  Speaker 4: And then if you see the petrol station, you might
• 24:18
  Speaker 4: be like, oh, my God, it's actually a pretty good deal.
• 24:21
  Speaker 4: But then so I guess the takeaway from this is
• 24:25
  Speaker 4: if you are anything like me and see an LMCT
• 24:28
  Speaker 4: plus petrol station, think twice and don't just like fall
• 24:32
  Speaker 4: for it like I have and would have.
• 24:36
  Speaker 2: So that's really good membership no.
• 24:39
  Speaker 4: But I thought it was a really good deal okay
• 24:41
  Speaker 4: and so I'm like.
• 24:42
  Speaker 3: I totally get that and that's what their plan is
• 24:45
  Speaker 3: yes and you know what for some people and like
• 24:47
  Speaker 3: these people will exist someone listening to my show I
• 24:50
  Speaker 3: hope not to be honest someone listening to my show
• 24:53
  Speaker 3: might be sitting in their car right now going V
• 24:57
  Speaker 3: I do this I really like the subscription I'm I
• 24:59
  Speaker 3: get the cheap petrol financially. For me, this is actually
• 25:02
  Speaker 3: a good idea. And I'm not denying that those people
• 25:04
  Speaker 3: might exist. But inherently, this is a terrible financial decision
• 25:11
  Speaker 3: because it's lulling you into a false sense of financial
• 25:14
  Speaker 3: security when you probably don't have the rest of your
• 25:16
  Speaker 3: financial house sorted. Like you're being lulled into this false
• 25:20
  Speaker 3: sense of security that you might win a heap of
• 25:22
  Speaker 3: money as well, Bec. And then you're five months into
• 25:26
  Speaker 3: this subscription and you're like, not won anything and it's
• 25:29
  Speaker 3: not benefiting me and I really need to do my
• 25:30
  Speaker 3: budget but it's kind of like a lost leader you're
• 25:34
  Speaker 3: like but what if next month is the month I
• 25:36
  Speaker 3: win so you don't cancel your subscription this man from
• 25:41
  Speaker 3: a business perspective is a genius he's making so much money.
• 25:45
  Speaker 2: Even the house lottery, like anecdotally, sorry, we're fully derailing
• 25:49
  Speaker 2: this conversation.
• 25:49
  Speaker 3: No, no, no, but I think it's an important conversation
• 25:51
  Speaker 3: to have, Jess.
• 25:52
  Speaker 2: Yeah, but you know they do the house lottery every year.
• 25:54
  Speaker 2: It's like you can win a da-da-da-da, whatever, the block
• 25:56
  Speaker 2: houses or whatever he's got going at the time. And
• 25:58
  Speaker 2: like our group of friends, someone was like, oh, do
• 26:00
  Speaker 2: we all want to pull in? And I was like, whatever,
• 26:03
  Speaker 2: if everyone puts in, sure, I'll kick whatever in. And
• 26:06
  Speaker 2: someone was like, do we go for the like the
• 26:09
  Speaker 2: $ 600 one where it's like, and I was like.
• 26:12
  Speaker 3: On what planet?
• 26:13
  Speaker 2: I was like, I'll kick 20 bucks in like with
• 26:16
  Speaker 2: the full knowledge that I'm not getting that 20 bucks back.
• 26:18
  Speaker 2: But like, fine, it's a little bit of fun. We
• 26:20
  Speaker 2: all can dream and go, well, you know, if we
• 26:22
  Speaker 2: win the holiday house, we get all going, whatever. And
• 26:24
  Speaker 2: that's what it is, right? Because it's like the more
• 26:26
  Speaker 2: expensive version, you get lots more entries or however it works.
• 26:31
  Speaker 2: And that's how they get you. And it's like I've
• 26:33
  Speaker 2: seen that anecdotally just in my own life. Yeah. And
• 26:36
  Speaker 2: so I can only imagine how, you know, and I
• 26:38
  Speaker 2: was the one who was like, guys, like we will
• 26:41
  Speaker 2: not be participating and I think everybody else should think
• 26:43
  Speaker 2: about whether or not that's worth participating in. Do what
• 26:45
  Speaker 2: you want with your own money, but just like have
• 26:46
  Speaker 2: a little think.
• 26:48
  Speaker 1: Yeah.
• 26:48
  Speaker 2: If it happens to me, I'm sure it would happen,
• 26:50
  Speaker 2: like it would happen to anybody.
• 26:51
  Speaker 3: It lets you sell critical thinking hats. Like I think
• 26:54
  Speaker 3: a lot of people just see it and go, that
• 26:55
  Speaker 3: is so generous. That is so nice. When in reality, like,
• 27:00
  Speaker 3: It's just a very good money-making scheme. It's like if
• 27:03
  Speaker 3: you had a house, and I'm not saying that this
• 27:05
  Speaker 3: is the situation, if you had a house, Bec, and
• 27:08
  Speaker 3: you were like, I cannot for the life of me
• 27:10
  Speaker 3: sell it. Like it's been on the market for years.
• 27:13
  Speaker 3: It's worth a million dollars. I want to get my
• 27:14
  Speaker 3: million dollars for it. It's not selling. The buyer hasn't
• 27:18
  Speaker 3: turned up. You go, okay, all right, what am I
• 27:20
  Speaker 3: going to do? Maybe I'll run a lottery on this
• 27:22
  Speaker 3: house and I'm going to sell tickets. Bec, you could
• 27:24
  Speaker 3: buy your first home for five bucks.
• 27:26
  Speaker 2: Mm-hmm.
• 27:28
  Speaker 3: That's a good deal. You might chuck five bucks in
• 27:30
  Speaker 3: and all of a sudden a couple of thousand people
• 27:33
  Speaker 3: do that. You've got your million dollars for your house.
• 27:36
  Speaker 3: You just give it to one of the people that
• 27:37
  Speaker 3: spent five dollars on a ticket. You've actually made more.
• 27:40
  Speaker 3: This is the exact model that they're using. So like, yes,
• 27:43
  Speaker 3: they might be giving away million dollar houses. But I
• 27:46
  Speaker 3: promise the ticket sales far outweigh what they could have
• 27:49
  Speaker 3: sold the property for because otherwise they would be selling
• 27:51
  Speaker 3: the property, right?
• 27:52
  Speaker 5: Yeah, totally.
• 27:53
  Speaker 3: It's a business model. It's a business model and that
• 27:55
  Speaker 3: is okay and it is so fine for people to
• 27:57
  Speaker 3: make money. I don't mind. I'm not like, you know,
• 28:00
  Speaker 3: I don't like gambling. I don't think it should exist.
• 28:03
  Speaker 3: But right now in the economy that is a completely
• 28:07
  Speaker 3: legal way for someone to make money. And until, you know,
• 28:11
  Speaker 3: other people make decisions that it's not okay, that's not
• 28:14
  Speaker 3: my business. But it's my business when it impacts how
• 28:18
  Speaker 3: she's on the money, community members, financial situations and jeopardizes
• 28:22
  Speaker 3: their future selves. Because I just go, absolutely. And you've
• 28:24
  Speaker 3: met me on and off camera, like exactly the same person.
• 28:28
  Speaker 3: I'll be like, what are you doing? Why are we
• 28:30
  Speaker 3: doing this? I want you to be in a good position. Like,
• 28:33
  Speaker 3: please don't compromise. your financial security for this or that
• 28:37
  Speaker 3: or the other. Like, oh, it makes me grumpy.
• 28:40
  Speaker 2: Let's take a little breather.
• 28:42
  Speaker 3: Let's take a breather. Let's go to a break. On
• 28:45
  Speaker 3: the flip side, I'm probably going to get more heated
• 28:48
  Speaker 3: because the dilemma is a little bit juicy. So guys,
• 28:50
  Speaker 3: don't go anywhere.
• 28:55
  Speaker 2: Welcome back, everybody. Let's take a listen to this week's
• 28:57
  Speaker 2: Money Dilemma.
• 29:00
  Speaker 3: Hi there.
• 29:01
  Speaker 5: Have you got a money dilemma you just can't solve?
• 29:03
  Speaker 5: The She's On The Money team is here to help.
• 29:06
  Speaker 5: Every week we tackle your dilemmas, both big and small,
• 29:09
  Speaker 5: to answer your most burning money, career and life questions.
• 29:12
  Speaker 5: To get involved, simply head to our website and leave
• 29:15
  Speaker 5: us a short voice recording and you might just find
• 29:17
  Speaker 5: yourself on the show. Now let's take a listen to
• 29:20
  Speaker 5: this week's money dilemma.
• 29:24
  Speaker 6: Hi ladies. First of all, love the pod. Keep up
• 29:26
  Speaker 6: the great work. Second of all, I have a dilemma.
• 29:29
  Speaker 6: My brother really wants me to put my name on
• 29:32
  Speaker 6: his mortgage and I don't know how I feel about it.
• 29:35
  Speaker 6: First of all, it's going to be using my first
• 29:37
  Speaker 6: home buyer's grant and that means I'll never get to
• 29:39
  Speaker 6: use it again.
• 29:40
  Speaker 3: Which is really scary.
• 29:42
  Speaker 6: Second of all, I'm not really getting anything out of
• 29:44
  Speaker 6: it apart from helping my brother.
• 29:46
  Speaker 3: My mom tells me to do it.
• 29:48
  Speaker 6: I'm just not really sure. I'd love everyone in the
• 29:50
  Speaker 6: community's thoughts because at the end of the day, I'm
• 29:53
  Speaker 6: not getting anything out of this. He said that in
• 29:56
  Speaker 6: the future, he'll be able to guarantor his home to
• 29:59
  Speaker 6: my home, but that might take years for him to
• 30:02
  Speaker 6: pay off the mortgage and I'm really not sure about it.
• 30:04
  Speaker 6: I love the community's thoughts. Keep up the great work, girls.
• 30:08
  Speaker 3: Be so for real. That seems crazy.
• 30:11
  Speaker 4: It is hard though when you are like, something feels
• 30:15
  Speaker 4: unfair and like, but no one is, like your mom
• 30:18
  Speaker 4: is saying do it, your brother is saying do it
• 30:19
  Speaker 4: and you're like, but this is not fair to me.
• 30:22
  Speaker 4: So it's like your two options are go to war
• 30:25
  Speaker 4: with everyone and feel really anxious and shit for who
• 30:28
  Speaker 4: knows how long. Or just do it and know that
• 30:30
  Speaker 4: it is deeply unfair and like potentially changing the trajectory
• 30:34
  Speaker 4: of your life. Like that is so unfair too because
• 30:37
  Speaker 4: you're just probably minding your own business and all of
• 30:39
  Speaker 4: a sudden now you're given these two options and there's
• 30:41
  Speaker 4: nothing in between. It's just like you have to do
• 30:43
  Speaker 4: it to keep the peace or not do it and
• 30:45
  Speaker 4: just be anxious and fight with people.
• 30:47
  Speaker 3: I don't know. It's just like, but don't do it.
• 30:48
  Speaker 2: It's crazy. I don't understand why your mum is encouraging
• 30:52
  Speaker 2: you to do it. Are they wanting you to go
• 30:54
  Speaker 2: on the mortgage? Because obviously when you apply for a
• 30:56
  Speaker 2: mortgage with two people and two incomes, it increases your
• 30:58
  Speaker 2: borrowing power is what I'm guessing. But what I'm not
• 31:02
  Speaker 2: comprehending is like, is your mum recommending that you do that?
• 31:05
  Speaker 2: So you guys are co-owners of the property. So you
• 31:08
  Speaker 2: have a shared asset because the way that it's just
• 31:11
  Speaker 2: been explained to us, like you're being asked to put
• 31:13
  Speaker 2: your name down, you're saying you're not getting anything out
• 31:15
  Speaker 2: of it. So To me, that almost feels like a guarantor.
• 31:18
  Speaker 2: Like it's not quite a guarantor situation.
• 31:20
  Speaker 3: Yeah, but it just feels like your name's just being used. Correct.
• 31:23
  Speaker 3: Your name's on the mortgage.
• 31:25
  Speaker 2: So you're still liable. Like I just don't, I'm not understanding,
• 31:30
  Speaker 2: like I understand the benefit for your brother, but I'm
• 31:33
  Speaker 2: not understanding why you're being encouraged to do this because
• 31:36
  Speaker 2: you're right, Becca. Like it just doesn't make any sense.
• 31:38
  Speaker 3: But also I want to know the benefit to your brother.
• 31:40
  Speaker 3: Like obviously beyond the like first home owners grants and things,
• 31:43
  Speaker 3: like Why does your brother require this to buy property?
• 31:46
  Speaker 3: And now is there going to be like some kind
• 31:48
  Speaker 3: of rift in your family? Because if you say no,
• 31:50
  Speaker 3: your brother can't get the property.
• 31:52
  Speaker 2: Yeah.
• 31:52
  Speaker 3: Maybe he has one already. That's what I'm thinking.
• 31:55
  Speaker 2: Overwhelmingly.
• 31:56
  Speaker 3: Do your own financials.
• 31:58
  Speaker 5: Yeah.
• 31:59
  Speaker 2: I'm just feeling like it sucks exactly as you were saying, Bec.
• 32:02
  Speaker 2: You don't want to be the one on the outs.
• 32:03
  Speaker 2: But if there truly is no benefit to you. And
• 32:07
  Speaker 2: if you're not, you know, co-owning this property or, you know,
• 32:09
  Speaker 2: and that doesn't work for you in your financial plan,
• 32:12
  Speaker 2: don't let anybody bully you into making a choice that
• 32:15
  Speaker 2: doesn't feel right for you.
• 32:16
  Speaker 3: Come to Zella and I'll just write a letter to
• 32:19
  Speaker 3: your mum and be like, she can't do this.
• 32:21
  Speaker 2: Sorry. Yeah.
• 32:22
  Speaker 3: I'll write your sick note.
• 32:23
  Speaker 2: Yeah.
• 32:24
  Speaker 3: No worries.
• 32:24
  Speaker 2: Literally.
• 32:25
  Speaker 3: I'll be like, that is diabolical. Sorry, no.
• 32:28
  Speaker 2: I want you on my team.
• 32:30
  Speaker 3: Well, I am on your team.
• 32:31
  Speaker 2: Thank you.
• 32:32
  Speaker 3: I don't know how much more on your team I
• 32:33
  Speaker 3: could be than literally be on your team. Can you
• 32:36
  Speaker 3: live with me maybe? I'm not gay. I'm not gay.
• 32:39
  Speaker 3: I'm not on the team enough. That's not enough for me.
• 32:41
  Speaker 3: I'm so sorry. I just have to be only an ally.
• 32:46
  Speaker 3: That's fair.
• 32:47
  Speaker 2: That's fair.
• 32:48
  Speaker 3: I'll take it.
• 32:48
  Speaker 2: I'll take it.
• 32:49
  Speaker 3: I don't like it, but I'll take it.
• 32:50
  Speaker 2: All right. All right.
• 32:52
  Speaker 3: I'm sorry. I will work on myself for you. Thank you.
• 32:55
  Speaker 3: And back to this. To me, that's diabolical. Like what
• 33:00
  Speaker 3: do you mean there's an expectation that your name goes
• 33:03
  Speaker 3: on the mortgage? I just have so many like deeper questions.
• 33:06
  Speaker 3: But the way that you framed it was your brother said, oh,
• 33:09
  Speaker 3: later I could guarantee your property. So at no point
• 33:12
  Speaker 3: is he acknowledging that the property you're putting your name
• 33:14
  Speaker 3: down for you might co-own or part-own. Like this wasn't
• 33:17
  Speaker 3: a partnership situation. This was you being told I need
• 33:21
  Speaker 3: to use your name so that I can have this
• 33:24
  Speaker 3: thing that only benefits me.
• 33:26
  Speaker 2: But then you're legally tied to it. Like, it just
• 33:28
  Speaker 2: doesn't make sense.
• 33:28
  Speaker 3: And in this economy, to pass up your own first
• 33:31
  Speaker 3: homeowners grants and stuff like that, that makes no sense.
• 33:35
  Speaker 2: No.
• 33:36
  Speaker 3: It just doesn't. It genuinely doesn't seem fair. One thing
• 33:39
  Speaker 3: I would do is literally go and talk to a
• 33:42
  Speaker 3: mortgage broker about this. Don't take your family to go
• 33:45
  Speaker 3: see the mortgage broker. You go see a mortgage broker,
• 33:47
  Speaker 3: have an initial meeting and say, hey, this is what
• 33:50
  Speaker 3: they want to do. And a broker can kind of
• 33:52
  Speaker 3: run through your financials and your ability to purchase a
• 33:55
  Speaker 3: home and what it would look like if you didn't
• 33:57
  Speaker 3: have those first homeowner grants. But then also they might
• 34:01
  Speaker 3: be able to ask the right questions to get the
• 34:03
  Speaker 3: financial information that they need to be able to properly
• 34:07
  Speaker 3: explain this to you. that's a third party and not
• 34:11
  Speaker 3: involved with your situation. Cause like, it sounds like your
• 34:14
  Speaker 3: brother and your mom are on the same page and
• 34:16
  Speaker 3: they're saying, this is a great idea. And like, to me,
• 34:19
  Speaker 3: red flag city, like babe, that's a carnival. I just,
• 34:24
  Speaker 3: I'm a little bit uncomfortable with it. It sounds like
• 34:28
  Speaker 3: you're just being used so that they get the financial benefit.
• 34:32
  Speaker 3: I have seen other situations. I don't know why they
• 34:35
  Speaker 3: did this. It wasn't in my business just to be
• 34:37
  Speaker 3: very clear, but, someone's sibling wanted them to go on
• 34:42
  Speaker 3: their property so that they got the first homeowner's concessions
• 34:45
  Speaker 3: and then they were given some cash to weigh it up.
• 34:48
  Speaker 4: Okay.
• 34:49
  Speaker 3: But at the same time, just use the cash towards
• 34:52
  Speaker 3: your mortgage. I don't really comprehend it properly. I feel
• 34:55
  Speaker 3: like we need more information, but what I'm hearing sounds bad.
• 34:59
  Speaker 2: Yeah.
• 34:59
  Speaker 4: And just the fact that.
• 35:00
  Speaker 2: You're uncomfortable is a red flag enough in itself. Like
• 35:03
  Speaker 2: any decision you're making regarding your financial future, like you
• 35:06
  Speaker 2: should have full confidence in your knowledge and And that alone,
• 35:09
  Speaker 2: I think is enough to say, speak to somebody who
• 35:11
  Speaker 2: can help you with that.
• 35:12
  Speaker 4: Yeah, exactly.
• 35:13
  Speaker 3: And I mean, family is important. So you don't want
• 35:16
  Speaker 3: to like just burn that bridge. But at the same time,
• 35:19
  Speaker 3: they need to respect you. And I think you need
• 35:21
  Speaker 3: to really weigh up your long term consequences and what
• 35:24
  Speaker 3: that will look like if you make that financial decision.
• 35:26
  Speaker 3: Because the thing that you're doing to help someone out
• 35:29
  Speaker 3: today might actually put you so far back in the
• 35:32
  Speaker 3: future that they're well off and you're struggling for the
• 35:35
  Speaker 3: rest of ever. That doesn't feel right.
• 35:38
  Speaker 2: No, not at all.
• 35:38
  Speaker 3: All right.
• 35:39
  Speaker 2: Should we get into this week's juicy DM?
• 35:40
  Speaker 3: Absolutely. Hello, ladies. I know this is a total first
• 35:44
  Speaker 3: world problem. I'm so ready for this. And I feel
• 35:47
  Speaker 3: a little bit silly even writing in because I just
• 35:49
  Speaker 3: know how lucky I am. But I'd love to know
• 35:51
  Speaker 3: if anyone else has experienced this. Over the last few years,
• 35:55
  Speaker 3: I've worked really hard to get my finances into a
• 35:58
  Speaker 3: really good place. On paper, I am doing everything I
• 36:01
  Speaker 3: set out to do, and I'm really proud of how
• 36:03
  Speaker 3: far I've come. The problem is I still can't seem
• 36:06
  Speaker 3: to enjoy spending my money And even question if I
• 36:09
  Speaker 3: deserve a coffee if I forgot to make one at home.
• 36:13
  Speaker 3: I've been wanting to book a holiday for ages, but
• 36:14
  Speaker 3: every single time I go to press book, I close
• 36:16
  Speaker 3: the tab because I can't stop thinking about how much
• 36:19
  Speaker 3: more that money could grow if I invested it instead.
• 36:22
  Speaker 3: What are my next steps here? What should I be doing?
• 36:25
  Speaker 4: It would be a really tricky one if you're saving
• 36:28
  Speaker 4: for like, you just know that a hundred bucks will
• 36:31
  Speaker 4: grow to whatever amount if you were to not touch it.
• 36:35
  Speaker 4: And so it's really, I'm trying to think of analogy
• 36:39
  Speaker 4: or something that is similar in like regular life.
• 36:43
  Speaker 3: We're like, oh, I could.
• 36:44
  Speaker 4: Either not touch this thing and see where it goes
• 36:47
  Speaker 4: or like be using it to make beautiful memories, whatever.
• 36:51
  Speaker 3: It's probably a really, really tricky thing. It sounds like
• 36:53
  Speaker 3: when you say like whether or not.
• 36:54
  Speaker 4: You deserve a coffee if you forget to make one
• 36:56
  Speaker 4: at home, it feels like it's probably maybe a little
• 36:59
  Speaker 4: bit even deeper than feeling like, oh, I don't want
• 37:02
  Speaker 4: this thing that I worked so hard for to go
• 37:04
  Speaker 4: to waste. And this is why I say like, to
• 37:06
  Speaker 4: what end when people are like, you know, save, save, save,
• 37:09
  Speaker 4: which I do appreciate.
• 37:10
  Speaker 3: And I really think, you know, it's so impressive.
• 37:13
  Speaker 4: That people can save and some people save for like
• 37:15
  Speaker 4: a house or a car or whatever.
• 37:16
  Speaker 3: And so I'm like, to what end? Because it's like, well,
• 37:19
  Speaker 3: that's ideally to.
• 37:21
  Speaker 4: Spend, right? Whether it's on an emergency, whether it's on
• 37:24
  Speaker 4: a holiday, whether it's to spend. And so I guess
• 37:29
  Speaker 4: like probably would get to a point where you're like,
• 37:31
  Speaker 4: it doesn't feel like it's to spend anymore. It feels
• 37:34
  Speaker 4: like it's like a portfolio. What I'm trying to say
• 37:37
  Speaker 4: is if you have paints and a canvas and you're like, well,
• 37:40
  Speaker 4: I don't want to use these beautiful paints like this.
• 37:42
  Speaker 2: It's the sticker analogy. Like you never want to use
• 37:46
  Speaker 2: your nice stickers.
• 37:47
  Speaker 3: Yes, exactly.
• 37:48
  Speaker 4: And it's like, do you want something that's beautiful to
• 37:50
  Speaker 4: look at that makes you feel like really satisfied and
• 37:52
  Speaker 4: happy and proud of? Or, and it shouldn't be one
• 37:56
  Speaker 4: or the other, or do you want to like, use
• 37:58
  Speaker 4: it for what its intended purpose is, which is to
• 38:01
  Speaker 4: make memories. But yeah, the coffee thing, I'm like, maybe
• 38:05
  Speaker 4: there's also a little bit of internal monologue that we
• 38:07
  Speaker 4: should be working on, which is you deserve everything you've
• 38:10
  Speaker 4: worked hard for, but also things that you didn't work
• 38:12
  Speaker 4: hard for. You deserve to live a beautiful, happy life
• 38:15
  Speaker 4: full of little joys and big joys. And so like,
• 38:18
  Speaker 4: start there, start inside that head of yours and You
• 38:21
  Speaker 4: deserve a coffee.
• 38:22
  Speaker 3: Absolutely you deserve a coffee.
• 38:23
  Speaker 2: Get that out of your head. That's so beautiful.
• 38:25
  Speaker 3: I love that. I do. I love that. I also
• 38:30
  Speaker 3: like how I feel like I just watched you do
• 38:33
  Speaker 3: a heap of mental gymnastics.
• 38:34
  Speaker 2: Yeah, sorry.
• 38:35
  Speaker 3: To come up with an analogy. And you're like, it's
• 38:38
  Speaker 3: like paints on a canvas. And I was like, she's
• 38:40
  Speaker 3: got it.
• 38:40
  Speaker 2: That's where I came from. You're so welcome. I agree.
• 38:48
  Speaker 2: I think we hear this from people a lot. You
• 38:50
  Speaker 2: kind of go from the pendulum swings one end to
• 38:52
  Speaker 2: the other. You're really bad with money. You're spending money
• 38:54
  Speaker 2: like crazy. You tidy yourself up and then all of
• 38:56
  Speaker 2: a sudden it's really hard to spend money because you've
• 38:58
  Speaker 2: worked so hard on getting out of one mindset. You
• 39:00
  Speaker 2: found yourself in another. In an ideal world, we exist
• 39:03
  Speaker 2: somewhere in the middle space. You know, the bottom of
• 39:05
  Speaker 2: the pendulum is a nice, easy spot to swing. I
• 39:08
  Speaker 2: think that it's hard because on one level, Who is
• 39:13
  Speaker 2: anyone to tell you what level of frugality is appropriate?
• 39:16
  Speaker 2: Like I know that I look at some people on TikTok,
• 39:18
  Speaker 2: for example, who live the extreme level of frugality.
• 39:23
  Speaker 3: Bradley on a budget.
• 39:24
  Speaker 2: That's exactly what I was thinking about. You know, reusing
• 39:28
  Speaker 2: toilet paper and you go ready towels.
• 39:30
  Speaker 3: That's like, I just can't, I can't.
• 39:33
  Speaker 2: Not the life for me, but who am I to
• 39:34
  Speaker 2: tell somebody else to live their life? But I agree completely.
• 39:37
  Speaker 2: I think we're all trying to build our dream life, right?
• 39:40
  Speaker 2: Like I know I'm certainly wanting to be better with
• 39:42
  Speaker 2: money so I can live.
• 39:43
  Speaker 3: A What about money do you want to be better at?
• 39:46
  Speaker 3: You were like a little weapon. You just bought your
• 39:47
  Speaker 3: first home. You've got it together. You have six million
• 39:50
  Speaker 3: savings accounts.
• 39:52
  Speaker 2: There's always more to learn. But I think we're all
• 39:55
  Speaker 2: doing this so that we can live that life because
• 39:57
  Speaker 2: I do. I want to buy the coffee. I want
• 39:59
  Speaker 2: to go on the holiday. I want to be able
• 40:01
  Speaker 2: to do the things. I want to have it all.
• 40:02
  Speaker 2: And I think that we are exactly all deserving of that.
• 40:05
  Speaker 2: And so to me, it's a means to an end.
• 40:08
  Speaker 2: If you're saying you're feeling guilt around spending on something small,
• 40:13
  Speaker 2: I would say, I've said this before, are you budgeting correctly?
• 40:15
  Speaker 2: Are you allocating money to things that are of value
• 40:18
  Speaker 2: to you? Because If you have a fund labelled coffee,
• 40:21
  Speaker 2: mentally that might help you go, oh, well, I'm spending
• 40:24
  Speaker 2: this money based on what it's intended for. Like that's
• 40:26
  Speaker 2: how I manage my savers. You know, I've got things
• 40:28
  Speaker 2: for clothes, for books, for whatever, so that it's really
• 40:32
  Speaker 2: clear what I've allocated my money to and I don't
• 40:34
  Speaker 2: feel bad spending that. If it is a matter of
• 40:37
  Speaker 2: you going, well, would I rather invest the money and
• 40:40
  Speaker 2: is that of more benefit to me long term? Like
• 40:42
  Speaker 2: we can't really tell you that. But I think if
• 40:44
  Speaker 2: you're experiencing severe guilt– To me, that's when it's crossing
• 40:49
  Speaker 2: into a territory of, well, maybe it's time to talk
• 40:51
  Speaker 2: to somebody about that because it can be tied up
• 40:54
  Speaker 2: in lots of other things and there's no shame in that.
• 40:57
  Speaker 2: But the purpose to me of this show and of
• 41:00
  Speaker 2: becoming good with your money is to put you in
• 41:03
  Speaker 2: a place of positivity. And it sounds like maybe you're
• 41:06
  Speaker 2: not quite there at the moment and that can be hard. Yeah.
• 41:10
  Speaker 3: I think the thing that stands out to me is that,
• 41:12
  Speaker 3: and on this show I've said it a million times,
• 41:15
  Speaker 3: it's not just about the destination. It is about the
• 41:17
  Speaker 3: journey and you need to be enjoying the journey. And
• 41:19
  Speaker 3: what you told me is that you're not enjoying the journey.
• 41:22
  Speaker 3: Like what's the destination? Like, cause if you're saying, oh,
• 41:25
  Speaker 3: well V, the reason I'm worried about it not compounding
• 41:29
  Speaker 3: and it being a better decision to put it in
• 41:31
  Speaker 3: an investment is because down the line, I want to
• 41:34
  Speaker 3: retire five years earlier. At which point I go, okay, fantastic.
• 41:38
  Speaker 3: We've got a really clean goal of when we're going
• 41:40
  Speaker 3: to be spending that money. But if you've got no
• 41:44
  Speaker 3: goal like that and the goal was to also enjoy
• 41:47
  Speaker 3: the journey and go on a holiday and have your
• 41:49
  Speaker 3: emergency fund and have everything, like you're not enjoying the journey.
• 41:53
  Speaker 3: What you're telling me is your scarcity mindset is now
• 41:56
  Speaker 3: inhibiting that and you need to kind of work on that.
• 41:58
  Speaker 3: And as Jess said, I'd be trying to spend some
• 42:00
  Speaker 3: of my funds talking to somebody about that because that
• 42:04
  Speaker 3: can feel really restricting and it can mean that, Once
• 42:08
  Speaker 3: you do book the holiday, maybe you don't enjoy the
• 42:11
  Speaker 3: holiday because all you're doing is thinking about how much
• 42:12
  Speaker 3: the holiday cost. And then you come home and you're like, well,
• 42:14
  Speaker 3: that was a waste of money because I didn't even
• 42:16
  Speaker 3: enjoy it that much because I was stressed about money
• 42:18
  Speaker 3: the whole time. Yeah, I think that's something we need
• 42:21
  Speaker 3: to work on. And it sounds like scarcity mindset is
• 42:24
  Speaker 3: really holding you back, which I think is really negative again.
• 42:28
  Speaker 3: As we said, Jess, there are lots of people in
• 42:30
  Speaker 3: this world. Bradley on a budget is a great example
• 42:32
  Speaker 3: and I would love to have him on the show.
• 42:34
  Speaker 3: So if anyone knows him, you let me know because
• 42:37
  Speaker 3: that man is the most frugal man in the entire universe.
• 42:41
  Speaker 3: For those of you following along at home, he's like
• 42:44
  Speaker 3: this budgeting king who is in heaps of debt and
• 42:47
  Speaker 3: I can see he has a lot like from a
• 42:49
  Speaker 3: psychological perspective. I think that that traumatized him so much
• 42:53
  Speaker 3: that now he's still so frugal, but he's very, very
• 42:56
  Speaker 3: popular on TikTok. Meaning I know he has hundreds of
• 42:59
  Speaker 3: thousands of dollars saved, but I can never see him
• 43:02
  Speaker 3: spending it. But he lives in New York and, you know,
• 43:05
  Speaker 3: I feel like there's a lot of money trauma in
• 43:07
  Speaker 3: his story. But I'd love to have him on the
• 43:10
  Speaker 3: show because I just think there's so much we could learn.
• 43:12
  Speaker 3: But that's not for me. And I've said it before
• 43:15
  Speaker 3: about the people who follow the FIRE system and their
• 43:18
  Speaker 3: financial independence retire early. We've got someone on our team, Brooke,
• 43:22
  Speaker 3: who's doing that. And she's doing an incredible job of it.
• 43:25
  Speaker 3: But I look at her situation and I go, I
• 43:27
  Speaker 3: love that for you. And I love that she's enjoying
• 43:30
  Speaker 3: her journey. But if I did that, I wouldn't enjoy
• 43:32
  Speaker 3: my journey because we're all different. And I think that's
• 43:35
  Speaker 3: also one of the reasons why my mortgage-broking business's tagline is,
• 43:39
  Speaker 3: it's your journey because everybody is different and on a
• 43:43
  Speaker 3: different pathway. So like, We can't tell you what to do,
• 43:47
  Speaker 3: but I think reflection and understanding what scarcity mindset is
• 43:50
  Speaker 3: and what about your money story is making that really hard.
• 43:54
  Speaker 3: Because as Bec said, you do deserve to enjoy your life.
• 43:57
  Speaker 3: And I think that's the most important part here.
• 44:00
  Speaker 4: Absolutely.
• 44:00
  Speaker 2: What did everybody else say?
• 44:01
  Speaker 3: So first cab off the rank, I asked the community,
• 44:04
  Speaker 3: have you ever felt guilty spending money you can comfortably afford? 56%
• 44:10
  Speaker 3: of you said yes all the time.
• 44:11
  Speaker 2: I'm sorry you guys feel that way.
• 44:14
  Speaker 3: Then the next question we asked was, when you receive
• 44:16
  Speaker 3: a pay rise, what do you usually do with it? 46%
• 44:20
  Speaker 3: of you said, split it between my savings and my lifestyle. 27% said,
• 44:25
  Speaker 3: save or invest almost all of it. 23% said, gets
• 44:28
  Speaker 3: absorbed into my everyday spending. You're real for admitting that.
• 44:32
  Speaker 3: And 4% of you said, lifestyle upgrade all the way.
• 44:37
  Speaker 3: We then said, what is your biggest money mindset challenge
• 44:40
  Speaker 3: at the moment? 42% of you said feeling financially behind.
• 44:46
  Speaker 3: I feel like we need a whole episode on that. 22%
• 44:49
  Speaker 3: said overthinking every single money decision. And then 18% said
• 44:53
  Speaker 3: feeling guilty when I spend. And the other 18% said overspending.
• 44:59
  Speaker 3: We then went to the community and said, what is
• 45:01
  Speaker 3: your two cents? And honestly, very similar to what we're saying.
• 45:07
  Speaker 3: A lot of people said, I feel really guilty when
• 45:09
  Speaker 3: I spend so much money. Some people said, I suffer
• 45:12
  Speaker 3: from scarcity mindset. This really resonates with me. Another person said,
• 45:16
  Speaker 3: step back, figure out your values. So when you spend,
• 45:19
  Speaker 3: you're not spending in line with somebody else's values.
• 45:22
  Speaker 2: Yeah, that's good advice.
• 45:24
  Speaker 3: Another person said, saving money shouldn't delay your total happiness
• 45:30
  Speaker 3: right now. Another person said, choose how often you want
• 45:33
  Speaker 3: to go on holiday and And with what budget? And
• 45:36
  Speaker 3: then stick to it. Perhaps it's your budget that needs
• 45:38
  Speaker 3: stricter guidelines.
• 45:40
  Speaker 2: I agree with that.
• 45:41
  Speaker 3: Another person said, this is all too relatable. I can
• 45:44
  Speaker 3: gaslight myself out of spending any amount of money, but
• 45:47
  Speaker 3: also maybe I should be trying to gaslight myself into it.
• 45:51
  Speaker 2: It's all in moderation. Like nothing's inherently bad. Yes.
• 45:54
  Speaker 3: Another person said, be really clear on your values. I
• 45:58
  Speaker 3: feel a theme here. It's almost like you guys are
• 46:01
  Speaker 3: actually our community members.
• 46:03
  Speaker 2: You've been listening.
• 46:04
  Speaker 3: And someone said, don't forget to have a good day
• 46:06
  Speaker 3: while trying to create a good life. And I thought
• 46:09
  Speaker 3: that was a really good way to explain it. I
• 46:13
  Speaker 3: love that. I'd never heard that before. And I just thought,
• 46:16
  Speaker 3: I'm going to leave it on that. Don't forget to
• 46:19
  Speaker 3: have a good day while you are trying to create
• 46:21
  Speaker 3: a good life. Oh, gorgeous. Isn't that so sweet? Anyway,
• 46:25
  Speaker 3: my friends, I wish we had more time, but that
• 46:28
  Speaker 3: is unfortunately over. all we have time for, for this
• 46:31
  Speaker 3: arguably very long edition of Friday Drinks. We hope that
• 46:35
  Speaker 3: this episode has maybe inspired you to look closely at
• 46:37
  Speaker 3: your purchases, at fuel prices, at not engaging in gambling behavior,
• 46:42
  Speaker 3: and maybe even talking about your podcast preferences with your
• 46:46
  Speaker 3: partner and whether they align. Maybe you're adding a new
• 46:48
  Speaker 3: one from our list of podcasts we listen to, to
• 46:51
  Speaker 3: your roster. But if you have loved this podcast and
• 46:54
  Speaker 3: this episode, my friend's Please rate, review, subscribe to it
• 46:58
  Speaker 3: wherever you get your podcasts. Otherwise, we'll catch you bright
• 47:01
  Speaker 3: and early next week for a Monday Money Diary. Take
• 47:04
  Speaker 3: care of yourselves and of each other and we will
• 47:07
  Speaker 3: see you then.
• 47:08
  Speaker 2: Bye, guys. Bye.
• 47:13
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• 47:15
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• 47:19
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• 47:23
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