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Is this Giving MLM Vibes? And the Hidden Cost of Being Financially Responsible · She's On The Money

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Speaker 1: My name is Tatasha Bamblet. I'm a proud First Nations
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Speaker 1: woman and I'm here to acknowledge country t Glenn Young Ganya, Niana,
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Speaker 1: Kaka yah y and beIN Ahaka Nian our gay In
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Speaker 1: Mbini yakarum jar dominyamiga Umagahawaka Woman, Damon Imlan Bomba ban
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Speaker 1: Gadabomba in and now in wakah ghan On yak rum
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Speaker 1: jar water Nadaa. Hello, beautiful friends, we gather on the
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Speaker 1: lands of the Aboriginal people. We thank, acknowledge and respect
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Speaker 1: the Aboriginal people's land that we're gathering on today. Take
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Speaker 1: pleasure in all the land and respect all that you see.
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Speaker 1: She's on the Money podcast acknowledges culture, country, community and connections,
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Speaker 1: bringing you the tools, knowledge and resources for you to thrive.
0:45
Speaker 2: She's on the Money.
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Speaker 3: She's on the Money. Hello and welcome to She's on
1:09
Speaker 3: the Money, the podcast that makes personal finance fun, especially
1:13
Speaker 3: on Fridays. It is our favorite day of the week
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Speaker 3: because we get the team together to celebrate you our
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Speaker 3: incredible She's on the Money community. Miss Jess Gricci is
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Speaker 3: going to be sharing our favorite money wins Beck is
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Speaker 3: away again, so I'm going to be sharing this week's
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Speaker 3: bre tips and we'll be helping to answer a money dilemma,
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Speaker 3: which is all about being the quote financially responsible one
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Speaker 3: in a relationship and something that you slid into our
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Speaker 3: dms about this week, your sibling Cape's getting caught up
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Speaker 3: in something that is giving MLM vibes and we all
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Speaker 3: know how I feel about EMLM, so I cannot wait
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Speaker 3: to get into that. Before we get there, though, Miss
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Speaker 3: Jessic GRICI, how was the week that was? It's lovely?
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Speaker 4: I wanted to do Last night I went and saw
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Speaker 4: the new Fantastic Four, which was great, very much.
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Speaker 3: I ran into back how funny? Oh, I feel like
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Speaker 3: I got that invite as well? About you would have
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Speaker 3: got that.
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Speaker 4: Yeah, I was doing this so jess got it through
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Speaker 4: work apparently you but it's so funny. We walked in
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Speaker 4: James night. We were a little bit late and then
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Speaker 4: I just yeah, Jessica Rickie, and I'm.
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Speaker 3: Like, where is this voice coming over? And I was
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Speaker 3: back in jest. It was so funny, so cute. I
2:19
Speaker 3: really wanted to go, but at the moment, I feel
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Speaker 3: like I'm really having to balance my social like yeah,
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Speaker 3: what I'm doing socially because I feel not guilty, but
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Speaker 3: I just don't have the energy. Like tonight we're going
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Speaker 3: out for drinks. Yes, you and I are going out
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Speaker 3: for drinks with our Amazon family, which will be really fun.
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Speaker 3: But I was like, I cannot back that up. But
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Speaker 3: I cannot do a movie premiere and then like after
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Speaker 3: work drinks. I'm sorry, that's too much for me. Yeah,
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Speaker 3: and also OK, here I feel rude being like to
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Speaker 3: my husband, you've got the baby two nights in a rob.
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Speaker 1: In a week.
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Speaker 3: Not of rude. But anyway, as we've been it's been good.
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Speaker 3: I've got work drinks tonight with Amazon, which honestly sounds
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Speaker 3: really fa Nancy, but honestly will be so nice because
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Speaker 3: most of the Amazon team, and this is I don't
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Speaker 3: know why I'm telling you this, maybe you'll find it
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Speaker 3: interesting actually based in Sydney, and so many of our
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Speaker 3: other brand partners are based in Sydney as well. So
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Speaker 3: whenever they do like, oh, into Financial Year drinks or whatever,
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Speaker 3: usually Jess, you and I have to be like, oh,
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Speaker 3: thanks for the invite, but we are in Sydney and like,
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Speaker 3: we don't have the capacity to just fly up. So
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Speaker 3: I think it'll be so nice. And I know that
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Speaker 3: there are going to be probably a lot of other
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Speaker 3: faces that we know there tonight, so that'll be good.
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Speaker 3: But yeah, I'm gearing up. I'm off to Bali soon,
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Speaker 3: so I am going. Yeah, just a little bit nuts
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Speaker 3: with packing already, like getting my stuff together, ordering out,
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Speaker 3: Oh my goodness. Yeah. And it's like winter. Yeah, and
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Speaker 3: I've been trying to find baby swimsuits so painful. Yeah. Anyway,
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Speaker 3: I got one on eBay, so money win. Love that
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Speaker 3: money win. So I was thinking, would you like a
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Speaker 3: five star review before we get into your break tips?
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Speaker 3: Honestly they are my absolute favorites. So this one this
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Speaker 3: week comes from Reread, and she says, I wanted to
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Speaker 3: write this review to say thank you for the big
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Speaker 3: impact your podcast has had on my finances and on
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Speaker 3: my life. I used to be an absolute mess when
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Speaker 3: it came to saving and spending, but now I finally
4:12
Speaker 3: have a budget, a healthy emergency fund, and even I'm
4:15
Speaker 3: investing in chares. Please never stop making this show. I've done.
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Speaker 3: I just love when you guys are like I have
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Speaker 3: my shit together and I'm like, how good does that feel?
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Speaker 3: Naps for you Cuenqueen. All right, keeping up the good vibes,
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Speaker 3: missjss GRICI, what money wins? Some confessions are you bringing
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Speaker 3: to us this week? From the group? All right? This week?
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Speaker 4: Firstly one from Lauren, who said I got audited by
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Speaker 4: the ETO, but I was great. I didn't lie on
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Speaker 4: anything and I just ended up owing them thirty nine
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Speaker 4: dollars for a simple mistake that she'd made, but the
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Speaker 4: ATO decided to wave it and cancel the audit.
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Speaker 3: Sorry, what unheard of? Who did you sleep with the adal?
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Speaker 3: But that's where you get for being a good person?
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Speaker 3: Did not want to go return. Sorry. If you're always
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Speaker 3: just being a good person, good things are going to happen.
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Speaker 4: I completely agree. Next, I've got a money in from Anya,
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Speaker 4: who said money win. I received a big dividend payment
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Speaker 4: from Shares's, which I then reinvested into my shares account.
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Speaker 3: And she also found a fifteen dollars disc on Facebook Marketplace.
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Speaker 3: Isn't that so good? It was like dividend payment time
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Speaker 3: at the start of this month. Yeah, And I like
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Speaker 3: posted a screenshot to my stories. I was like, maybe
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Speaker 3: it's a dividend season. I had like all these little
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Speaker 3: notifications for all my ETFs and it was like, you
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Speaker 3: just got paid thirty cents and I was like, thanks,
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Speaker 3: and I will take it and I will be happy
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Speaker 3: for it.
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Speaker 4: Next, I've got a money in from Anita who said
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Speaker 4: he he I hacked in quotes my teen daughter's Instagram
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Speaker 4: account and followed she's on the money now so she
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Speaker 4: has inspiring financial tips from awesome role models popping up
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Speaker 4: in her feet. I love you, and honestly, we SHO
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Speaker 4: didn't actually hack it because in quotation marks, I.
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Speaker 3: Think she just was cheeking lock. Also like, sorry, if
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Speaker 3: you leave your phone unlocked on the bench, I think
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Speaker 3: that's fair game to follow me. I completely agree, and
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Speaker 3: thanks for the follow We really appreciate it.
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Speaker 4: A Next, I've got a money from Delia, who said
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Speaker 4: she used our prompt to get discounts on her phone
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Speaker 4: bill and her car insurance and she's been shopping smart
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Speaker 4: with Woolli's and now has sixty dollars of rewards banked
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Speaker 4: towards Chris Money.
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Speaker 3: When I was actually having a conversation in my DMS
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Speaker 3: this week with someone who was like, oh, Vy, you
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Speaker 3: keep saying that you need to renegotiate like your mortgage
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Speaker 3: rate and just call your bank up and see if
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Speaker 3: you can get a better deal. But like, I'm so stumped,
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Speaker 3: Like I'm so bad at like advocating for myself. And
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Speaker 3: I was like, do you know that there are prompts
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Speaker 3: on our website, Like we have a whole e book
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Speaker 3: that you can download for free that basically has a
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Speaker 3: script on what to say and what to plug in
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Speaker 3: and how to get a better deal exactly. She was like, Victoria,
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Speaker 3: this is exactly what I was looking for. Twenty minutes
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Speaker 3: later a message I got a discount exactly, I.
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Speaker 4: Sing, we're poppling to that in the show notes if
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Speaker 4: you want to get yourself a better deal too, just
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Speaker 4: like Delia did. Next, I've got a money win from Rose,
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Speaker 4: who said she did her tax return and she's realized
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Speaker 4: that over the past five years her income has increased
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Speaker 4: by forty thousand dollars.
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Speaker 3: Sorry, is it?
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Speaker 4: And I'm assuming that's just like, you know, a little
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Speaker 4: bit each yar over those years. She's, yeah, so look
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Speaker 4: at where you've come from, because I think sometimes in
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Speaker 4: our journey we can forget like what we've done, and
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Speaker 4: maybe your tax returns a good time to do it.
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Speaker 4: And then lastly, this week I've got a money win
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Speaker 4: from Kelly, who said she filled up her car with
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Speaker 4: a locked in fuel price at seven eleven and she
7:32
Speaker 4: got to redeem a reward because I think it's every
7:34
Speaker 4: times you got does she tell us, Yeah, she got
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Speaker 4: a free Krispy Kreme and I had a giggle because
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Speaker 4: I did that this morning.
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Speaker 3: I picked up my free Crispy because you had to
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Speaker 3: get it by Chrispy. Good money. We in like we
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Speaker 3: have historically worked with seven eleven, but like I use
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Speaker 3: that app on a weekly basis, Like whenever i'm you know,
7:51
Speaker 3: thinking about fuel, I'm like, oh, just have a look.
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Speaker 3: And sometimes I get a little bit cocky. I don't
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Speaker 3: know about you, but I look at the price lock
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Speaker 3: that I could put in and I'm like, no, I'm
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Speaker 3: going to see what I could get tomorrow. And then
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Speaker 3: I like check tomorrow and then'm like, aha, went down
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Speaker 3: by two cents. I'm not locked that in anyway. I just,
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Speaker 3: I don't know, feel powerful. Free Krispy Kreme my favorite
8:09
Speaker 3: thing in the world exactly. I tagged you in a
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Speaker 3: thing on Instagram the other day and I was like, Jess,
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Speaker 3: remember the time we made a whole cake out of
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Speaker 3: Krispy Kreme. Oh, very we should do that again. Weish,
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Speaker 3: we should absolutely do that again. So that was a
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Speaker 3: good rap. I have the absolute privilege of getting Beck's
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Speaker 3: whole Broke Tips segment, so I hope I do do
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Speaker 3: this justice. The first broke tip. I have got a
8:33
Speaker 3: lot of love in our community on our broke Tips thread.
8:36
Speaker 3: This one comes from Jennifer and she says, if you
8:39
Speaker 3: belong to any coffee clubs that do loyalty cards with
8:42
Speaker 3: stamps or digital freebies, hang on to the freebie for
8:46
Speaker 3: public holidays. When the cost gets much higher for your
8:49
Speaker 3: free coffee, then gesus are you joking? You're a genius.
8:53
Speaker 3: She's hated the system, no service surcharge because it's Freefe's free. Sorry,
8:59
Speaker 3: you're a genius. Yes. The next one comes from Lily
9:02
Speaker 3: and I'm sorry. I forgot that this even existed as
9:05
Speaker 3: an option. Ikea Family membership do fifty percent off main
9:10
Speaker 3: meals on Fridays twenty six dollars fifty for what's actually
9:15
Speaker 3: a very nice meal, plus Hoists points used for discount
9:19
Speaker 3: movie tickets, and you've got a very cheap date night.
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Speaker 4: Oh my god, that's perfect because there's a hoeets and
9:23
Speaker 4: an Ikea at Richmond.
9:24
Speaker 3: You cannot tell me that Ikea meatballs don't slap Oh
9:28
Speaker 3: my other so the vegetables are also delicious. I don't
9:31
Speaker 3: care anything from Ikia. The desserts elite next level, like
9:35
Speaker 3: ten out of ten. We should probably go and do
9:38
Speaker 3: an ea is it worth it at Ikea and be like,
9:41
Speaker 3: let's try the meatballs again. It's been years, a little
9:43
Speaker 3: wander through Ikea. I just love a brown too, not
9:47
Speaker 3: too all right. And the last one I've got this
9:49
Speaker 3: week is from Daria and she says, as I've got
9:53
Speaker 3: a school aged kid at home, I was approved for
9:56
Speaker 3: free internet and free school bus tickets for them, which
10:00
Speaker 3: now saving me one hundred dollars a month free internet.
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Speaker 3: Oh my god, that's sue it. She didn't provide us
10:06
Speaker 3: with any information, so I had to do a little
10:08
Speaker 3: bit of research. But the Australian government is providing a
10:11
Speaker 3: School Student Broadband Initiative or the SSBI, which provides free
10:18
Speaker 3: NBN Internet to eligible families with school age children only
10:22
Speaker 3: until the end of this year. But like free internets,
10:24
Speaker 3: say less.
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Speaker 4: That's amazing, that's so good, go get on that if
10:27
Speaker 4: you've got.
10:27
Speaker 3: Here, absolutely, And that's all I've got for broke tips.
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Speaker 3: Jess it amazing. I'm excited. Let's go to a really
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Speaker 3: quick break because on the flip side, we're going to
10:36
Speaker 3: be answering a money dilemma, which is all about being
10:39
Speaker 3: the financially responsible one in a relationship. And something that
10:43
Speaker 3: you slid into our dms about your sibling is getting
10:46
Speaker 3: caught up in something that's giving MLM vibes. So guys,
10:49
Speaker 3: don't go anywhere. Welcome back, everybody. Let's take a listen
10:56
Speaker 3: to this week's money dilemma. Hi, there, have you got
11:01
Speaker 3: a money dilemma you just can't solve that. She's on
11:04
Speaker 3: the Money team is here to help. Every week we
11:07
Speaker 3: tackle your dilemmas, both big and small, to answer your
11:10
Speaker 3: most burning money, career and life questions. To get involved,
11:13
Speaker 3: simply head to our website and leave us a short
11:15
Speaker 3: voice recording and you might just find yourself on the show. Now,
11:19
Speaker 3: let's take a listen to this week's money dilemma.
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Speaker 2: Hi, she's in the money. I'm hoping you can help
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Speaker 2: me figure out how to have a serious money conversation
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Speaker 2: with my partner. For a bit of context, we've been
11:30
Speaker 2: together for four years, living together for two and we
11:32
Speaker 2: already have a joint account we both transfer to monthly.
11:35
Speaker 2: I have a steady income and have set up some
11:36
Speaker 2: good money habits with automatic transfer setup to go to
11:39
Speaker 2: dedicated accounts. My partner's money, sorry, is very different. He
11:43
Speaker 2: comes for a family farm and for a long time
11:45
Speaker 2: he never received a regular wage. We'll just request a
11:47
Speaker 2: draw as needed, so as a result, he never developed
11:50
Speaker 2: any good money habits and has no savings. Last financial year,
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Speaker 2: the family partnership changed so that he now receives a
11:55
Speaker 2: weekly wage. This is a very low amount, about a
11:58
Speaker 2: quarter of my income. Offered multiple times to assist my
12:01
Speaker 2: partner in setting up his finances, and we have allocated
12:04
Speaker 2: amounts on paper and open to savings account. But I
12:06
Speaker 2: know he does not yet have any automatic transfer set up,
12:08
Speaker 2: as he says he prefers to move his money himself.
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Speaker 2: But an added frustration is I have to remind him
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Speaker 2: every month to transfer to our own joint account. On
12:16
Speaker 2: top of this, we you're planning some motivations I've been
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Speaker 2: saying for a while now, and have about forty thousand
12:19
Speaker 2: dollars saved. Once upon a time he said he would
12:22
Speaker 2: match me when the time came, but I doubt this
12:23
Speaker 2: will happen now. I've asked many times if he can
12:26
Speaker 2: contribute to the Reno fund or just how he saves
12:28
Speaker 2: are going, but he never wants to talk about it.
12:30
Speaker 2: I've also said I do not expect him to match
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Speaker 2: my monthly contribution, as I do have a high income,
12:33
Speaker 2: but I still adm yet to see anything from him.
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Speaker 2: I feel I'm stuck in this Augard situation where I
12:38
Speaker 2: don't want to push him about his money and his
12:39
Speaker 2: savings habits, but I regularly see him spend money in
12:41
Speaker 2: large sums and get very frustrated and concerned that we
12:43
Speaker 2: are not matching our goals. I've tried to express my concerns,
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Speaker 2: but his response is always I know, I understand it'll
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Speaker 2: be right, and I still see no action. Please help.
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Speaker 4: That's such a hard one, is that I feel like
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Speaker 4: that's a very classic Australian farming community, like should be right,
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Speaker 4: we'll figure it out. Like I think that's very like
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Speaker 4: Salt of the Earth, traditional take on things, we're right,
13:03
Speaker 4: Like I have family in like rural Australia, and like
13:06
Speaker 4: I think that attitude is very much like a common thing.
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Speaker 4: It sounds like if I had to take a guess
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Speaker 4: I think he's embarrassed. I think it would be hard
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Speaker 4: probably for him to be earning a quarter of what
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Speaker 4: you are. And it's good that you're acknowledging that his
13:19
Speaker 4: ability to save would be a lot lower than yours.
13:22
Speaker 4: But I do think that it sounds like whether it's
13:26
Speaker 4: because he's financial literacy isn't as good as yours, or
13:28
Speaker 4: whether it's not a priority and he's not comfortable saying that.
13:32
Speaker 4: I feel like potentially there's a little bit of emotion
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Speaker 4: tied up in this, and that's kind of what's god
13:37
Speaker 4: in putting the wall up.
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Speaker 3: I think that.
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Speaker 4: It's hard because you can't crack someone open if they
13:44
Speaker 4: don't want to talk to you. But he is your partner,
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Speaker 4: and I think that if he doesn't want to say
13:49
Speaker 4: for the renovation, you know, if he has other priorities
13:52
Speaker 4: and that's what he's spending the large sums of money
13:54
Speaker 4: on or whatever, that looks like it's okay. But if
13:57
Speaker 4: you guys aren't on the same page, like that's something
14:00
Speaker 4: that you need to have a serious conversation about and
14:02
Speaker 4: he needs to be comfortable being honest with you. I
14:06
Speaker 4: know that it's hard to, you know, talk about something
14:08
Speaker 4: especially if you are feeling embarrassment or if you are
14:11
Speaker 4: feeling you know, not taking a wage for a long time.
14:14
Speaker 4: Maybe he's feeling behind or I don't want to stereotype,
14:17
Speaker 4: but I think again, especially in rural areas, I do
14:20
Speaker 4: think there is a level of traditionalism that exists when
14:25
Speaker 4: it comes to gender roles and things like that, and
14:28
Speaker 4: so that maybe playing an element into it as well.
14:32
Speaker 4: I think that it sounds like you're doing all of
14:35
Speaker 4: the right things, and maybe you do just need to
14:37
Speaker 4: have like a serious moment with your partner and say, hey,
14:41
Speaker 4: I'm starting to feel really concerned. I'm starting to feel
14:44
Speaker 4: really left out in the dark. Open the door and
14:46
Speaker 4: say to him, it's okay if you don't want to
14:48
Speaker 4: say for these things, or it's okay if you are
14:51
Speaker 4: feeling some.
14:52
Speaker 3: Type of way.
14:53
Speaker 4: You know, we're a team. I'm here to support you
14:56
Speaker 4: and whatever that looks like. If you want to transfer manually,
14:59
Speaker 4: that's cool, you've got to do it. What's the barrier
15:01
Speaker 4: for you there? I think we've got to kind of
15:03
Speaker 4: figure out what's preventing him from doing the things that
15:06
Speaker 4: he's saying he's going to do. Is it because he's
15:09
Speaker 4: not remembering Okay, can you set up reminders or is
15:11
Speaker 4: it because it's not a priority to him, And if so,
15:15
Speaker 4: that's okay. But he needs to feel comfortable saying that
15:17
Speaker 4: to you. Yeah, and it's so tricky because obviously we
15:20
Speaker 4: don't have any insight into your relationship or him as
15:22
Speaker 4: a person. Yes, so hard, But I'm making a lot
15:24
Speaker 4: of assumptions and generalizations. But I think that it does
15:28
Speaker 4: sound like you guys really are on different pages, and
15:30
Speaker 4: sometimes you do have to just say to somebody, Hey,
15:34
Speaker 4: it feels like we're in two completely separate worlds and
15:37
Speaker 4: if we can't get on the same page, we might
15:40
Speaker 4: not be able to do things together.
15:41
Speaker 3: Like it just simply might not work. Yeah, I'd be
15:44
Speaker 3: like agree with everything, So I'm not going to like
15:46
Speaker 3: repeat what you've said, but cut paste of what Jess said.
15:49
Speaker 3: And then I think it's also about kind of putting
15:53
Speaker 3: the hard word on as well. Okay, so you said
15:55
Speaker 3: that you've got some renovations planned. I would be saying
15:57
Speaker 3: to your partner, Hey, we're going to have to put
15:59
Speaker 3: a hold on the renovations. Like you don't have any savings,
16:02
Speaker 3: you can't match it. So I guess like we're just
16:04
Speaker 3: going to have to cancel those plans for now as
16:07
Speaker 3: a little bit of a kick up the butt, like, sorry,
16:10
Speaker 3: I know that you're spending a whole heap of money
16:11
Speaker 3: over here, and that's fine if it's not a priority.
16:13
Speaker 3: Do you do you just not want to do the
16:14
Speaker 3: renous like what's going on here? Because if you're saving
16:17
Speaker 3: aggressively and then you're seeing him spend large sums of
16:20
Speaker 3: money on other stuff, sorry, yeah, that would annoy me
16:23
Speaker 3: as well, Like, yeah, that's again element that I it
16:25
Speaker 3: feels disrespectful, Like if you and I are saving towards
16:28
Speaker 3: something together and then I see you going and spending
16:31
Speaker 3: on something else, and it means that we have to
16:34
Speaker 3: sacrifice our shared goal. Sorry, that feels icky. Yeah, So
16:38
Speaker 3: I think it's about just putting the hard word on
16:39
Speaker 3: and being like do you not want to do this?
16:41
Speaker 3: And then I'm sure, and I'm not saying that that's
16:43
Speaker 3: the best way, but like I'm sure it will be
16:45
Speaker 3: a bit of a backtrack. No, no, I do. Okay,
16:47
Speaker 3: well you're not showing me that you do, and like,
16:49
Speaker 3: actions honestly speak a little bit louder than words, and
16:51
Speaker 3: like I'm you know, sick of telling you every single
16:54
Speaker 3: month to transfer to the joint account. So I'm not
16:58
Speaker 3: going to ask you. You need to pull a reminder
17:00
Speaker 3: in your calendar or you need to find a way
17:02
Speaker 3: to do it. If you don't want to automate it,
17:04
Speaker 3: that's fine. Some people do genuinely want to manage their money,
17:07
Speaker 3: you know, by going in and being more hands on.
17:10
Speaker 3: But like, I'm not your mum, No, so get it together,
17:14
Speaker 3: because I shouldn't have to remind you to transfer to
17:17
Speaker 3: the joint account. You should be doing that yourself. So
17:20
Speaker 3: whether that is not automating it but putting a reminder
17:22
Speaker 3: in your calendar, that should be on you, mate. Like,
17:25
Speaker 3: I just feel like sometimes you need to have some
17:26
Speaker 3: hard conversations to make life in the long term a
17:29
Speaker 3: little bit easier. Yeah, I'd love to know what he's spending,
17:33
Speaker 3: like what I need? What are the large sums? I
17:35
Speaker 3: feel like that's an important.
17:36
Speaker 4: Bit of context that we're missing because everything else you're oh, well,
17:40
Speaker 4: it could be tied back to the disparity in the income.
17:42
Speaker 3: Yeah, one hundred percent. Yeah, I've got I'm so curious
17:45
Speaker 3: to know.
17:46
Speaker 1: I will.
17:46
Speaker 3: It's so hard, especially if you're trying to move towards
17:49
Speaker 3: shared goals together like renovations tells me that you probably
17:52
Speaker 3: own a property together, and like, yeah, that would be
17:55
Speaker 3: really rough. Do you have a GUICDM forect? Oh my god,
17:59
Speaker 3: I do. Are you ready? And it's about MLMs? So
18:01
Speaker 3: I can't wait? All right, Hello, she's on the money.
18:05
Speaker 3: I'm in the middle of a family money dilemma and
18:08
Speaker 3: I need your advice. My brother's gotten really into this
18:11
Speaker 3: self development program called Landmark. He's spent thousands already and
18:16
Speaker 3: swears it's changed his life. Now he's pushing the rest
18:20
Speaker 3: of us to join two. The course he wants me
18:22
Speaker 3: to do is one thousand dollars, and he keeps offering
18:25
Speaker 3: to pay half to convince me. But honestly, I've been
18:28
Speaker 3: doing some research online and it's giving MLM vibes. Hard
18:32
Speaker 3: to be honest, my sister al it is lined up,
18:35
Speaker 3: even though I know she can't afford it. She told
18:38
Speaker 3: me she's feeling just too much pressure to say no
18:40
Speaker 3: to him. I feel like they're taking financial advantage of him,
18:44
Speaker 3: and I want to help, but I also want him
18:46
Speaker 3: to stop pressuring me. I just don't know how to
18:49
Speaker 3: say something without making it worse or risking our relationship.
18:53
Speaker 3: That's crazy.
18:53
Speaker 4: I'll be honest, I don't really know much about what
18:55
Speaker 4: Landmark is. Do you anything about that?
18:57
Speaker 3: Ah? So jess Landmark world war much is? Oh? Like,
19:02
Speaker 3: they just get called Landmark more often. It's an American
19:05
Speaker 3: employee owned, quote for profit company that uses like self
19:10
Speaker 3: development programs as their sales tactics. So they don't sell
19:15
Speaker 3: like a product like you know, mone they sell hair
19:18
Speaker 3: care and then you've got arbon and they do like
19:20
Speaker 3: skin care and stuff. Landmark is the company behind what's
19:24
Speaker 3: called like Landmark Forum, and it's described as having a
19:28
Speaker 3: lot of similarities to a multi level marketing structure, though
19:32
Speaker 3: it's not officially classified as one. While Landmark relies heavily
19:37
Speaker 3: on like word of mouth marketing through its participants to
19:40
Speaker 3: like recruit new customers, it also emphasizes a really hard
19:44
Speaker 3: sell approach. And this reliance that this company has on
19:48
Speaker 3: referrals and recruitment, coupled with what I would say or
19:51
Speaker 3: call like a super intense nature of like the program
19:55
Speaker 3: sales tactics, has led lots of people to compare the
20:00
Speaker 3: to a multi level marketing business. So a lot of
20:03
Speaker 3: people online are saying, first of all, there's no doubt
20:06
Speaker 3: Landmark is not an MLM. But it also, you know,
20:11
Speaker 3: is quite a hard sell kind of situation because people
20:14
Speaker 3: are not making any money for their referrals, but they
20:18
Speaker 3: are being able to sell the product to you, if
20:21
Speaker 3: that makes sense. So lack and it's a life coaching course,
20:24
Speaker 3: is all you said, kind of life coaching vibes course,
20:28
Speaker 3: gets your shit together course. It definitely, from my perspective,
20:32
Speaker 3: praise on people when they are feeling a little bit
20:35
Speaker 3: flat or lost a little bit of direction and they're
20:37
Speaker 3: looking for, you know, someone to give them a hand.
20:41
Speaker 4: Yeah, okay, Yeah, it's tough that it's your brother who's
20:44
Speaker 4: in that situation is trying to unsell it to you.
20:47
Speaker 4: I think that you should just be able to say, like, no,
20:50
Speaker 4: he's a full sentence, you know, I absolutely agree, they're
20:53
Speaker 4: really to me. Should not be much more than that
20:57
Speaker 4: it sucks your sister's already signed up and done it,
20:59
Speaker 4: Like I get it for your family and friends when
21:02
Speaker 4: they're doing something and when they say they've got this
21:04
Speaker 4: fantastic thing, maybe flipping it around a little bit and saying, hey,
21:08
Speaker 4: I actually don't have the money to do the course
21:10
Speaker 4: right now. I feel like that, but I'll pay for
21:12
Speaker 4: half chess oh yeah, I just I would just I
21:17
Speaker 4: it's hard because I would just say, look, I'm just
21:19
Speaker 4: not interested.
21:20
Speaker 3: It's just not for me. Thanks, Yeah, I'm just done.
21:23
Speaker 3: Like it's giving quasi Ponzi scheme vibes, Like it's just
21:27
Speaker 3: I'm not going to say that to my brother at
21:29
Speaker 3: that point. But I also think it is I don't know,
21:32
Speaker 3: if it cracks like a duck. Yeah, looks like a duck.
21:37
Speaker 3: Maybe it's a duck. Yeah, maybe maybe it's an MLM.
21:40
Speaker 4: But yeah, I think that if Sometimes I think, honestly,
21:44
Speaker 4: kind of like what we're saying before, sometimes a bit
21:46
Speaker 4: of harsh truth is what people need. And so maybe
21:50
Speaker 4: turning around and saying, hey, like you're making me really
21:52
Speaker 4: uncomfortable by trying to pressure me into this, if someone
21:54
Speaker 4: said that to me, I would feel truly so terrible.
21:57
Speaker 3: You know, yeah, but you're a nice person. And I'm
22:00
Speaker 3: not saying that this person's brother is not a nice person,
22:03
Speaker 3: but like they are already worried about saying something that
22:07
Speaker 3: is going to ruin the relationship, and like, you know,
22:10
Speaker 3: if I said to you, hey, jes you're making me
22:11
Speaker 3: feel really pressured, you'd be like, what that's on you?
22:14
Speaker 3: And then maybe we won't be friends anymore.
22:16
Speaker 4: Yeah, either, relationships that fragile, though, is it worth protecting? Like,
22:20
Speaker 4: I know that it's family. I don't understand that that's
22:22
Speaker 4: a really big and important thing. But at the same time,
22:26
Speaker 4: you can't put yourself a detriment, no financially or emotionally,
22:31
Speaker 4: for the sake of protecting them either.
22:34
Speaker 2: Yeah.
22:34
Speaker 3: I just think it is. It is so fair. And
22:37
Speaker 3: you said before nol is a full sentence. It is
22:39
Speaker 3: so fair to say no, I'm not interested in this.
22:41
Speaker 3: But then I feel like you're getting the overwhelming sense
22:45
Speaker 3: to like educate your brother on this as well, because
22:48
Speaker 3: you're feeling like he's being financially taken advantage of. And
22:51
Speaker 3: I think that's where you might want to be able
22:54
Speaker 3: to flag it say oh, like I really like and
22:57
Speaker 3: maybe this is how I would do it. I looked
22:59
Speaker 3: into it. Oh my goodness, did you see all the
23:02
Speaker 3: Reddit threads and stuff online? Like even the Wikipedia says
23:06
Speaker 3: that it is basically an MLM that takes advantage of
23:09
Speaker 3: people like you know, what research did you do before
23:12
Speaker 3: you got involved? Like the whole point is to feel
23:15
Speaker 3: motivated or get it, but like, what are you genuine
23:17
Speaker 3: apart from like loving the content, what else are you
23:21
Speaker 3: getting out of it? Like what are they getting out
23:23
Speaker 3: of it? And kind of going down that route because
23:25
Speaker 3: you don't want to be like you're being taken advantage of,
23:28
Speaker 3: because like I know what they're going to say, no,
23:30
Speaker 3: we're not, Yeah, okay, have you seen all this stuff online?
23:34
Speaker 3: And hopefully that prompts them to maybe do a little
23:36
Speaker 3: bit more research or even come back to you and
23:39
Speaker 3: say no, and you go, well, I actually did a
23:41
Speaker 3: hit more research and it says X, Y and Z,
23:43
Speaker 3: And like, I think that could be a good opener
23:45
Speaker 3: because a lot of the time it's like I get
23:49
Speaker 3: so many messages from people and they're beautiful, smart women,
23:52
Speaker 3: and they say, Victora, I'm so embarrassed I got out
23:55
Speaker 3: of an MLM. I can't believe I did that. That's
23:58
Speaker 3: so embarrassing. Not because you're not smart. These platforms rely
24:03
Speaker 3: on smart people who don't know about their background. They
24:07
Speaker 3: rely on smart people like you, Jess, who trust who
24:12
Speaker 3: are going to go, oh my god, that does sound
24:14
Speaker 3: good and I trust the person telling me, so why
24:16
Speaker 3: would I take the time to research and deep dive?
24:19
Speaker 3: They probably haven't done it and don't understand the negative
24:23
Speaker 3: side of it, because it's so easy to see the
24:25
Speaker 3: positive when everyone's so happy and there's like course incredible,
24:29
Speaker 3: the same thing is happening. I think I'm getting a
24:31
Speaker 3: lot of dms recently about these property seminars that are
24:36
Speaker 3: verse eight grand crazy and you get to walk away
24:39
Speaker 3: at the end of the weekend with one or two
24:42
Speaker 3: investment properties off the plan. Those people are making an
24:45
Speaker 3: absolute mint from taking advantage of you. If you want
24:49
Speaker 3: to get into investment properties, you can learn so much
24:52
Speaker 3: for free through my content, through lots of other podcasts,
24:55
Speaker 3: content from my books on property, from other people's books
25:00
Speaker 3: on property, and then you know what you can do.
25:01
Speaker 3: Just you can go talk to a mortgage broker and
25:03
Speaker 3: be like, hey, what would this look like? What serviceability
25:05
Speaker 3: do I have? Because I promise they're not giving houses
25:08
Speaker 3: to people who can't afford them. They're giving houses to
25:10
Speaker 3: people who can be lulled into this false sense of
25:14
Speaker 3: security to then sell them off the plan properties that
25:17
Speaker 3: they're taking a massive clip of. Yeah, it actually kills me.
25:20
Speaker 3: It's crazy.
25:21
Speaker 4: What did everybody else say? Because I feel like we're
25:23
Speaker 4: kind of yeah, we ask in the community.
25:25
Speaker 3: So first question we said was what would you do
25:27
Speaker 3: if you thought your sibling was being financially taken advantage
25:31
Speaker 3: of like this, fifty nine percent of you said, I'll
25:34
Speaker 3: just be giving them my opinion truthfully. Twenty one percent
25:37
Speaker 3: of you said, we're having a family intervention. I kind
25:42
Speaker 3: of rate that honestly, like a big banner, the whole
25:45
Speaker 3: shebang full family intervention. And then eighteen percent of you said,
25:49
Speaker 3: try and plant the seed gently, and then three percent
25:52
Speaker 3: of you said, I'm going to say nothing. They're an
25:54
Speaker 3: adult that they can deal with that. I'm all for
25:57
Speaker 3: the family intervention. Could you film that and send that
26:00
Speaker 3: to us? Just I would like to see that just
26:02
Speaker 3: for educational purposes. I feel like maybe if.
26:04
Speaker 4: You're confronted with so many people that you'd love to
26:07
Speaker 4: all saying to you hate because you know one person
26:09
Speaker 4: you can is cooked.
26:11
Speaker 3: Have you seen that show in the US called Intervention? Oh,
26:14
Speaker 3: it's so good.
26:15
Speaker 1: Ah.
26:16
Speaker 4: In my mind it would be powerful because it's like, yeah,
26:18
Speaker 4: like one person says, oh.
26:19
Speaker 3: I think like this isn't great. You're oh, it's just them.
26:21
Speaker 3: In my head, an intervention is so dramatic, like they're like, oh, hey, Jess,
26:25
Speaker 3: do you want to come to my house for dinner?
26:27
Speaker 3: It'll just be you and I and then you walk
26:29
Speaker 3: into my house and it's full of all your family
26:30
Speaker 3: and friends and they're like, sit down in the chair,
26:32
Speaker 3: we're going to tell you to get off the drugs.
26:34
Speaker 3: And you're like, my god, I need another wine for this. Yeah,
26:37
Speaker 3: that sounds like a lot, but also, don't do it
26:39
Speaker 3: like that. But if you do, maybe film it and
26:42
Speaker 3: send it to me. I don't know anyway. We also
26:44
Speaker 3: ask the community, how would you handle the pressure they
26:47
Speaker 3: are putting on you to sign up? Eighty nine percent
26:50
Speaker 3: of you said I'd be setting a firm boundary, seven
26:53
Speaker 3: percent of you said I'd actually distance myself, five percent
26:56
Speaker 3: of you said I'm just changing the subject, and none
26:59
Speaker 3: of you so zero percent. But like in terms of
27:02
Speaker 3: our statistics, we had so many responses, so some people replied,
27:05
Speaker 3: but it wasn't enough to get to one percent of
27:08
Speaker 3: this group said say yes just to make it stop.
27:11
Speaker 3: Oh no, don't do that. Well, thankfully, it was a
27:14
Speaker 3: very very small amount of people. So technically zero percent
27:17
Speaker 3: of people said that, but a couple a couple still
27:19
Speaker 3: said that eighty nine five and seven.
27:21
Speaker 4: I don't know that the math on that is quite now,
27:23
Speaker 4: that's what I want that's what Instagram says, right, That's what.
27:27
Speaker 3: Our Instagram responses said, So we're just going to go
27:31
Speaker 3: with that. Yeah, one percent of you is definitely very
27:35
Speaker 3: valid and reliable. Yep. Well, if you're writing a thesis
27:39
Speaker 3: or you're doing a PhD, this data is significant. Don't
27:43
Speaker 3: use Instagram policy for PhD. We also went to the
27:47
Speaker 3: community and said, guys, what's your two cents tell us?
27:50
Speaker 3: First person said, careful the intervention doesn't backfire. Had someone
27:54
Speaker 3: pull this on me and it still hurts. Oh, that's
27:57
Speaker 3: really sad that it didn't work for them. No. Next
28:00
Speaker 3: person said, check the company financials. Who's getting paid when where?
28:04
Speaker 4: Well, yeah, there's nothing that's going to make you feel
28:07
Speaker 4: like a shock of cold water exactly. The people at
28:09
Speaker 4: the top of getting millions and millions and you're making
28:12
Speaker 4: four dollars and you're still in ten thousand dollars worth
28:14
Speaker 4: of debt. Wild Next person said, send them the links
28:17
Speaker 4: to She's on the money. I'm just here for Veda's response.
28:20
Speaker 3: On this one. The people know you, well, I just
28:24
Speaker 3: get a little bit mad. Someone said, it's giving Nexsian
28:27
Speaker 3: vibes some good films, books and podcasts on it. Might
28:30
Speaker 3: be really helpful for your brother. And then there's a
28:33
Speaker 3: three parter. So this three part A. And I'm not
28:36
Speaker 3: going to out who they are, but they are somebody
28:39
Speaker 3: who is very proactive in the MLM community in terms
28:46
Speaker 3: of like exposing what's going on. Yeah, so like I'm
28:49
Speaker 3: not saying it to be able to identify them, but
28:52
Speaker 3: I do take what they say. They're educated. Yeah, they're
28:56
Speaker 3: educated in this like they would know. So first is
28:59
Speaker 3: three part. First comment says Landmark is a cult as
29:02
Speaker 3: it uses elgats. You have to set a firm boundary
29:05
Speaker 3: and distance yourself. Look up what elgats are. They're large
29:09
Speaker 3: group awareness trainings to understand how he's literally been brainwashed.
29:14
Speaker 3: Landmark Investment never has an end date. Avoid distance yourself
29:19
Speaker 3: at all costs. That's scary and the nexum vibes. So next,
29:26
Speaker 3: I don't know what a cult in the US, very
29:29
Speaker 3: MLM like lots of documentaries on it. Just type in
29:34
Speaker 3: neum like documentary to Google. This is the stuff that
29:38
Speaker 3: I eat up. Jess, Like, if you come to my
29:40
Speaker 3: house on Friday night, we're ordering pizza, but we're also
29:43
Speaker 3: watching an MLM or a cult documentary.
29:45
Speaker 4: Well, because I feel almost like mlums are like a
29:48
Speaker 4: soft cult, right, Like they kind of I feel like
29:50
Speaker 4: there's some processes.
29:51
Speaker 3: And practices that are maybe mirrored. I think this is
29:54
Speaker 3: why I love the Secret Lives of Mormon Wives, because
29:56
Speaker 3: the idea of like Mormonism gives to me cult vibes
30:00
Speaker 3: as well. I just, oh, do you know what? I
30:02
Speaker 3: also need to remind you of the statistic or the
30:05
Speaker 3: piece of research that says the people that are drawn
30:08
Speaker 3: more to reality TV have a higher IQ at this point,
30:13
Speaker 3: very important stuff, hard hitting there.
30:14
Speaker 4: But yeah, I think that it's especially knowing that additional
30:18
Speaker 4: bit of context from someone who obviously said is in
30:20
Speaker 4: the no so to speak. Yeah, that makes me feel
30:23
Speaker 4: that perhaps they're right in that all you can do
30:26
Speaker 4: is provide them with the right information. But it's really
30:28
Speaker 4: important that you don't get sucked down into that too,
30:31
Speaker 4: because they're using manipulation and psychological techniques and things too.
30:36
Speaker 4: They're using it to take advantage of you full stop
30:38
Speaker 4: in the story, which is really scary. Next person and
30:40
Speaker 4: I've just got two more for you, said so. Next
30:43
Speaker 4: person said, I had an ex in Landmark and it
30:45
Speaker 4: was horrendous, A really bad therapy version of an MLM.
30:49
Speaker 2: Wow.
30:50
Speaker 3: And there someone said, actually was in Landmark. So I've
30:55
Speaker 3: been there. I've done that. I lost thousands of dollars.
30:58
Speaker 3: If it doesn't ever feel right, don't do it. Don't
31:01
Speaker 3: let other people convince you. I'm so glad you got out.
31:04
Speaker 3: That's really it's chaos. And I think there's so many
31:07
Speaker 3: times people are really embarrassed. They're like, I can't believe
31:10
Speaker 3: I did this. It must be because I'm so silly,
31:12
Speaker 3: or I'm not very smart. No, no, no, you're smart.
31:14
Speaker 3: That's why you kind of were more likely to buy
31:17
Speaker 3: into it, because they make sense well, and you manipulate,
31:22
Speaker 3: you use fact.
31:23
Speaker 4: Yeah, and they particularly, I think, to target the types
31:26
Speaker 4: of people they think will be susceptible, right, And I
31:30
Speaker 4: think that more often than not, that someone who's really
31:32
Speaker 4: kind or really empathetic, or someone who's searching for a
31:35
Speaker 4: way to contribute and make their life better. And they're
31:38
Speaker 4: taking advantage of people who are trying to do good
31:40
Speaker 4: for themselves or for the world or for whatever. And yeah,
31:43
Speaker 4: they're really like ruining that and turning it into something negative.
31:47
Speaker 4: And that's such a shame.
31:48
Speaker 3: It genuinely breaks my heart. But I think that's probably
31:51
Speaker 3: a really good price place to leave it. If you
31:55
Speaker 3: aren't following Sheets on the Money on your podcasting platform,
31:58
Speaker 3: I would urge you to do so out because do
32:00
Speaker 3: you know what it does? It helps more people like
32:02
Speaker 3: you and I find this podcast and grow our community
32:06
Speaker 3: of friends. And I guess that's all from us, Miss
32:10
Speaker 3: Jessicarcci see you've brighten early on Monday morning for money Diary.
32:13
Speaker 4: Hi, guys.
32:21
Speaker 3: The advice shared on She's on the Money is general
32:23
Speaker 3: in nature and does not consider your individual circumstances. She's
32:27
Speaker 3: on the Money exists purely for educational purposes and should
32:31
Speaker 3: not be relied upon to make an investment or financial decision.
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33:00
Speaker 4: Do you re