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Y/N: Can I Ask For A Pay Rise After Mat Leave? · She's On The Money

• 0:00
  Speaker 1: My name is Natasha Bamblett. I'm a proud First Nations
• 0:02
  Speaker 1: woman and I'm here to acknowledge country. Hello, beautiful friends.
• 0:08
  Speaker 1: We gather on the lands of the Aboriginal people. We thank,
• 0:13
  Speaker 1: acknowledge and respect the Aboriginal people's land that we're gathering
• 0:17
  Speaker 1: on today Take pleasure in all the land and respect
• 0:33
  Speaker 1: all that 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
• 0:43
  Speaker 1: for you to thrive.
• 0:44
  Speaker 2: She's on the money. She's on the money.
• 0:51
  Speaker 3: Hello, my lovely listeners, and welcome 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.
• 1:01
  Speaker 2: But this is different.
• 1:03
  Speaker 3: It's Friday drinks time, where we clear our diaries to
• 1:06
  Speaker 3: make room for something a little bit more casual.
• 1:09
  Speaker 2: That is right.
• 1:10
  Speaker 3: If you have been here before, you know that Fridays
• 1:12
  Speaker 3: you can expect entertaining questions from our community, plus a
• 1:15
  Speaker 3: few dilemmas, all lovingly wrapped up in chats between your
• 1:19
  Speaker 3: favorite podcast co-hosts.
• 1:20
  Speaker 2: And our very own.
• 1:21
  Speaker 3: Miss Jessica Ricci, holiday decorator, partnerships wrangler, and patter of kittens.
• 1:28
  Speaker 2: Oh, yes. Cute.
• 1:29
  Speaker 3: And as always, we are bringing you a weekly dose
• 1:32
  Speaker 3: of money wins and broke tips.
• 1:34
  Speaker 2: And, of course, the lovely Bex Syed.
• 1:37
  Speaker 3: I don't know if this is appropriate, but vape queen,
• 1:40
  Speaker 3: Arnett's Assorted Creams, truther, and thrifty tip slinger.
• 1:46
  Speaker 2: So sweet. You in a nutshell. That's so cute.
• 1:49
  Speaker 3: In a nutshell, stop vaping but also vape queen.
• 1:54
  Speaker 4: Okay, mixed messages and I'm going to go with the
• 1:57
  Speaker 4: one that I like the best.
• 1:58
  Speaker 3: I respect the decisions that you make even though they
• 2:01
  Speaker 3: are not beneficial for your health.
• 2:03
  Speaker 2: Gorgeous.
• 2:04
  Speaker 3: Anyway, as always, we are bringing you a weekly dose
• 2:07
  Speaker 3: of money wins and broke tips from the community plus
• 2:10
  Speaker 3: goss from the depths of our DMs.
• 2:13
  Speaker 2: My friends, welcome to Friday Drinks.
• 2:16
  Speaker 3: Now, I don't want to call it spicy because that's
• 2:19
  Speaker 3: apparently the only word that I use to describe it.
• 2:22
  Speaker 3: But I'm sure that there's more to it than money.
• 2:25
  Speaker 3: But I'm informed that today's DM pushes the envelope when
• 2:29
  Speaker 3: it comes to asking for a pay rise. And we
• 2:32
  Speaker 3: talk a little bit about, I don't know, risky business.
• 2:35
  Speaker 3: But we've also got a money dilemma that introduces the
• 2:37
  Speaker 3: idea of investing under two different risk profiles, if that
• 2:41
  Speaker 3: can even exist today.
• 2:43
  Speaker 2: Should it be done? Can it be done? And how?
• 2:45
  Speaker 3: But enough with all of the questions. After the break,
• 2:48
  Speaker 3: we're going to be sharing some of the answers from
• 2:50
  Speaker 3: our community and a little five-star review.
• 2:52
  Speaker 2: So guys, don't go anywhere. Hello there.
• 2:58
  Speaker 3: I am so glad you're here because we are just
• 3:01
  Speaker 3: getting into the thick of it, starting with a review
• 3:03
  Speaker 3: from our community. And this one was shared via the
• 3:06
  Speaker 3: comment section on Spotify.
• 3:08
  Speaker 2: But if you are.
• 3:08
  Speaker 3: Keen to let your intentions be known, please share a
• 3:12
  Speaker 3: review of the She's On The Money podcast wherever you
• 3:14
  Speaker 3: tune in. We literally read every comment and I don't
• 3:18
  Speaker 3: think that they get old, not even after more than
• 3:20
  Speaker 3: a thousand episodes. This review comes from a friend called Maddie.
• 3:25
  Speaker 3: Maddie says, guys, I've listened to more than 900 episodes
• 3:30
  Speaker 3: and I honestly can't thank you enough. You've played such
• 3:33
  Speaker 3: a huge role in improving my financial literacy and you've
• 3:36
  Speaker 3: completely changed the way I think and act in brackets
• 3:40
  Speaker 3: about money. Thank you for creating a community that's so inspiring, empowering,
• 3:45
  Speaker 3: and importantly, genuine.
• 3:48
  Speaker 2: Thank you, Maddie. Damn, Maddie.
• 3:49
  Speaker 3: With listening stats like that, I do feel like our
• 3:51
  Speaker 3: parasocial friendship verges on legit.
• 3:54
  Speaker 5: Yeah.
• 3:54
  Speaker 2: Like, I think I might know you as well. And also,
• 3:57
  Speaker 2: 900 episodes.
• 3:58
  Speaker 3: Man.
• 3:59
  Speaker 2: Wow. That's a lot of episodes, girl. Of us in
• 4:01
  Speaker 2: your ears.
• 4:02
  Speaker 3: Unlucky. I'm so sorry. Thank you for being part of
• 4:05
  Speaker 3: our community. And we are so excited to hear how
• 4:08
  Speaker 3: your money journey has transformed. And the fact that we
• 4:10
  Speaker 3: get to be a very little part of that, so special.
• 4:14
  Speaker 2: So beautiful. Thank you, Maddie. Miss Bex Sayed.
• 4:17
  Speaker 5: Yes.
• 4:17
  Speaker 2: Miss Jessica Ricci.
• 4:19
  Speaker 3: Are you ready for what could be a potentially transformative
• 4:22
  Speaker 3: question of the week?
• 4:23
  Speaker 1: Oh my God.
• 4:24
  Speaker 2: I could not be more ready. All right.
• 4:26
  Speaker 3: This one comes from Sleepy8490. Okay, love that name. So
• 4:31
  Speaker 3: you know it's a Facebook submission. Which reads, what is
• 4:35
  Speaker 3: something that you think is totally overrated? Oh, gosh.
• 4:41
  Speaker 2: I've got one and the people are not going to
• 4:42
  Speaker 2: like it. I've got one and the people are also
• 4:44
  Speaker 2: not going to like it. Bec, stew on yours. Jess,
• 4:48
  Speaker 2: what is yours? Hot take, it's coffee.
• 4:51
  Speaker 5: Get in the bin.
• 4:53
  Speaker 2: I fear it doesn't taste good.
• 4:56
  Speaker 6: And I also, I had this conversation with somebody recently
• 4:58
  Speaker 6: when I said, I don't drink coffee. And they said,
• 5:00
  Speaker 6: so do you just get up in the morning?
• 5:02
  Speaker 2: And I said, yeah. That is crazy. Like, I think
• 5:04
  Speaker 2: it's crazy to me.
• 5:05
  Speaker 6: You know how people, it's the very millennial, like, don't
• 5:09
  Speaker 6: talk to me till I've had my coffee.
• 5:10
  Speaker 2: Oh, sit down. I have bought you so many Red
• 5:13
  Speaker 2: Bulls for early morning. Well, no, no, this is that, that, that, that. Yeah,
• 5:16
  Speaker 2: you're right.
• 5:16
  Speaker 6: I would crack a Red Bull, especially when we were
• 5:18
  Speaker 6: doing the International Women's Day breakfast.
• 5:20
  Speaker 5: Yes.
• 5:20
  Speaker 2: We were getting up at, like, 4.30, 5 o'clock in
• 5:22
  Speaker 2: the morning. Yeah. Understandable. But, you know, like, your everyday
• 5:25
  Speaker 2: wake up, your body clock is attuned. Yeah.
• 5:28
  Speaker 6: You know, people go, I can't start my day without
• 5:30
  Speaker 6: my coffee. And if it's the ritual of it and
• 5:32
  Speaker 6: it's the you time, I'm not here to judge. But
• 5:35
  Speaker 6: I just think it's crazy that you all are addicted
• 5:37
  Speaker 6: to bean water and, like, you can't do anything without it.
• 5:41
  Speaker 6: And then people get the shakes.
• 5:43
  Speaker 3: Chocolate is also made of beans, Jessica.
• 5:45
  Speaker 2: This is true. You're trying to throw shade at the
• 5:47
  Speaker 2: thing that gives me life. I'm selected with the beans.
• 5:50
  Speaker 2: What form I like to consume them in. I don't know.
• 5:54
  Speaker 2: I just don't get it. I've never got it.
• 5:57
  Speaker 6: I will order a hot chocolate when we go to
• 5:59
  Speaker 6: business meetings so that I feel included.
• 6:01
  Speaker 1: Yeah.
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  Speaker 2: I just think it's overrated. I really do.
• 6:03
  Speaker 3: I will continue to pay for your hot chocolate even
• 6:04
  Speaker 3: if you throw coffee shade.
• 6:06
  Speaker 2: Thank you. I don't know if I respect that.
• 6:09
  Speaker 6: I am actually afraid of what people are going to
• 6:11
  Speaker 6: have to say to me after I said those words
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  Speaker 6: out loud.
• 6:13
  Speaker 1: If I'm honest.
• 6:13
  Speaker 2: I've got a few. I'm like stewing.
• 6:16
  Speaker 5: I know.
• 6:16
  Speaker 2: I'm like trying to think.
• 6:17
  Speaker 6: You guys have got to throw yourselves in front of
• 6:18
  Speaker 6: the bus as well while they're with me, please.
• 6:20
  Speaker 5: Okay.
• 6:20
  Speaker 3: Have you got one or do you want me to
• 6:22
  Speaker 3: lead or where are we going with this?
• 6:24
  Speaker 2: I think I have one.
• 6:24
  Speaker 3: Who's going to be cancelled first?
• 6:26
  Speaker 2: They're all like that exciting though.
• 6:29
  Speaker 4: I guess like the first thing that came to me,
• 6:30
  Speaker 4: which is really dumb, but like I don't really get
• 6:32
  Speaker 4: dating or like relationships and stuff like that.
• 6:34
  Speaker 2: You know, if it happens organically, sure.
• 6:35
  Speaker 4: But like, you know, the default kind of like searching for,
• 6:39
  Speaker 4: it just feels very confusing to me. It's like someone
• 6:42
  Speaker 4: asking me like, do you have a car or are
• 6:44
  Speaker 4: you in the market for one?
• 6:45
  Speaker 2: I'm like, well, who cares?
• 6:47
  Speaker 4: You know, that's kind of the vibe I get when
• 6:49
  Speaker 4: people are like, are you taken or are you looking
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  Speaker 4: for a relationship? You know, but that's not my main one.
• 6:53
  Speaker 2: The main one is travel.
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  Speaker 3: What?
• 6:55
  Speaker 2: I don't really get it. You love to travel. You
• 6:59
  Speaker 2: love travel. I actually am.
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  Speaker 3: For someone who has spent so much money on travel,
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  Speaker 3: you're not allowed that take.
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  Speaker 6: You've traveled overseas twice in the past year.
• 7:07
  Speaker 4: I know, but it's not, it wasn't my decision. Because
• 7:09
  Speaker 4: I really like hanging out with my friends. If my
• 7:11
  Speaker 4: friends are like, we're going to go here. Go like
• 7:12
  Speaker 4: peer pressure to the max.
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  Speaker 2: I'm like, I'll go wherever they're going because we're going
• 7:16
  Speaker 2: to have fun.
• 7:16
  Speaker 5: Yeah.
• 7:17
  Speaker 4: But I'm like, if they were like, oh, we're going
• 7:18
  Speaker 4: to go to Coles in Mount Waverley, I'd be like, okay,
• 7:22
  Speaker 4: f * * *.
• 7:22
  Speaker 2: It was going to cold them out.
• 7:24
  Speaker 4: So they're like, well, you know, they just happen to
• 7:26
  Speaker 4: be like going to Japan and Bali.
• 7:28
  Speaker 2: And I was like, well, I'll go.
• 7:29
  Speaker 3: Do you know it's actually okay to miss out on
• 7:31
  Speaker 3: those experiences and then bond with them when they get
• 7:33
  Speaker 3: back to learn?
• 7:33
  Speaker 2: I could not possibly do that. I couldn't possibly.
• 7:37
  Speaker 4: And so I'm like, ideally we'll be in a place
• 7:38
  Speaker 4: that's like the same temperature I'm used to, maybe in
• 7:42
  Speaker 4: my own house, in my own bed.
• 7:43
  Speaker 5: Yeah.
• 7:44
  Speaker 4: You know, I'd be anywhere with people that I love,
• 7:47
  Speaker 4: with you guys, with anyone. But I just never understood, like,
• 7:51
  Speaker 4: you know, you've been waiting in line for so long
• 7:52
  Speaker 4: at the airport and you're like, oh, does everyone have
• 7:54
  Speaker 4: their visa?
• 7:55
  Speaker 2: It's like you need that and then you need the
• 7:57
  Speaker 2: other form. You need this other form.
• 7:58
  Speaker 6: But it's like that's the logistics of getting. But, like,
• 8:01
  Speaker 6: once you're there, do you stop it? Once you're there,
• 8:03
  Speaker 6: still I'm like.
• 8:04
  Speaker 4: I wouldn't mind not having so many dirty clothes to
• 8:08
  Speaker 4: lug around. Ideally, I'd like to be in other locations.
• 8:16
  Speaker 2: I really appreciate it when I'm there. This is an
• 8:18
  Speaker 2: insane take.
• 8:19
  Speaker 4: Same with like, you know, like dating and stuff. It's
• 8:21
  Speaker 4: like not a desire that I just naturally inherently have.
• 8:24
  Speaker 2: It's not a value of yours. That's fair. But I
• 8:26
  Speaker 2: enjoy it. I enjoy it when I'm there. But I'm like,
• 8:28
  Speaker 2: it's not a craving. Okay.
• 8:30
  Speaker 5: Sorry. Wow.
• 8:30
  Speaker 2: All right. Are we going to be three for three?
• 8:33
  Speaker 2: You want three? I've got three. You've given me time
• 8:39
  Speaker 2: to stew.
• 8:40
  Speaker 3: Okay. All right.
• 8:41
  Speaker 2: I don't know what one goes first. Overrated. QR codes
• 8:45
  Speaker 2: on menus. No, I love it. I love those. Literally,
• 8:51
  Speaker 2: I don't want to talk to anybody if I don't
• 8:52
  Speaker 2: have to.
• 8:53
  Speaker 3: No.
• 8:53
  Speaker 2: I don't want to wait either.
• 8:55
  Speaker 3: Yes.
• 8:55
  Speaker 2: Yes, you get it. Why do I have to sign
• 8:57
  Speaker 2: up every single time?
• 8:59
  Speaker 3: Why do I have to, like, give you my mobile number,
• 9:02
  Speaker 3: wait for a code, wait for that code to come through,
• 9:04
  Speaker 3: then key it in, and then I have to manually
• 9:07
  Speaker 3: put my credit card details in, and then it bullies
• 9:10
  Speaker 3: you into leaving a tip before I've had any service
• 9:13
  Speaker 3: at all.
• 9:14
  Speaker 5: Like.
• 9:15
  Speaker 3: I don't understand and I feel guilty. And why do
• 9:17
  Speaker 3: you need my email for marketing purposes when I just
• 9:19
  Speaker 3: want a margarita?
• 9:20
  Speaker 2: Yeah, that's fair. That's fair. That is fair.
• 9:22
  Speaker 3: Stop. Like, if you're going to be a QR code,
• 9:26
  Speaker 3: you're meant to make things easy. Yeah.
• 9:28
  Speaker 2: There's so much friction in that journey.
• 9:30
  Speaker 4: People always get so worked up about the tip situation.
• 9:33
  Speaker 4: I'm really worked up. Like if a tree falls in
• 9:35
  Speaker 4: the woods, blah, blah, blah. It's like if we don't
• 9:37
  Speaker 4: see the service, does the service exist? It's like someone's
• 9:39
  Speaker 4: bringing you the food still. Someone's cooking the food. Someone's
• 9:42
  Speaker 4: gotten up early to get.
• 9:43
  Speaker 2: To their shift on time. But we're in Australia. Why
• 9:45
  Speaker 2: tip culture? This is the difference.
• 9:47
  Speaker 5: That's true. Tip culture, yeah.
• 9:47
  Speaker 2: It's here you tip culture. I think, for quality of service.
• 9:51
  Speaker 6: Like as someone who worked in hospital for years, like
• 9:53
  Speaker 6: it's a nice to have, it's not a requirement.
• 9:55
  Speaker 2: And I am a tipper for that.
• 9:57
  Speaker 3: Like for good service, I will always go out of
• 9:59
  Speaker 3: my way to make sure that that person knows.
• 10:03
  Speaker 2: Like I love that.
• 10:04
  Speaker 3: But why are you shaming me with the QR code
• 10:06
  Speaker 3: instead of pressing like 5, 10, 15?
• 10:08
  Speaker 2: It goes, no, maybe next time. That's true because it's
• 10:14
  Speaker 2: like that's not really what I'm saying.
• 10:15
  Speaker 3: I was saying before off air to our gorgeous producer today.
• 10:19
  Speaker 2: I was like, bring back booing. Boo. Like if you
• 10:23
  Speaker 2: don't like something, boo. And bring back shame. Bring back shame.
• 10:27
  Speaker 2: I agree. More people need more shame. Shame is good sometimes.
• 10:30
  Speaker 4: Exactly.
• 10:31
  Speaker 2: I agree. Boo to QR codes. Wow. My second.
• 10:35
  Speaker 3: The last one I think I'm going to get the
• 10:37
  Speaker 3: most cancelled for, I don't know, matcha. Overrated.
• 10:40
  Speaker 1: I agree.
• 10:41
  Speaker 2: I put it in the same category as coffee.
• 10:43
  Speaker 3: No, matcha.
• 10:44
  Speaker 2: Cancel that.
• 10:45
  Speaker 3: And gender reveals. Oh, yeah.
• 10:49
  Speaker 2: Oh, yeah. Yeah, yeah, yeah.
• 10:50
  Speaker 3: Why are we celebrating the gender of our child?
• 10:55
  Speaker 2: I nearly said weddings and I was like, you're allowed
• 10:58
  Speaker 2: to say weddings.
• 10:59
  Speaker 3: I would have agreed as someone who spent an astronomical
• 11:01
  Speaker 3: amount of money on weddings, overrated, enjoyed it, loved.
• 11:04
  Speaker 2: It, would do it again. Happy for people to do
• 11:07
  Speaker 2: what feels good for them. Absolutely. But I just think
• 11:10
  Speaker 2: it's great.
• 11:10
  Speaker 1: Anyway.
• 11:10
  Speaker 2: Yeah, I'm the same. Yeah, gender reveals need to get
• 11:13
  Speaker 2: in the bin.
• 11:13
  Speaker 3: Also, niche but gender reveal videos where the partner is
• 11:18
  Speaker 3: unhappy with the gender and then posting it.
• 11:24
  Speaker 2: Very strange.
• 11:25
  Speaker 3: You had that on your phone and you watched it
• 11:28
  Speaker 3: and yet you still chose to upload it.
• 11:31
  Speaker 2: And you didn't leave.
• 11:31
  Speaker 6: Every time I see one of those, I think your
• 11:33
  Speaker 6: partner wants the world to know that you're a jerk.
• 11:36
  Speaker 2: Like that's the only thing I can think of.
• 11:38
  Speaker 4: Yeah, or it is like the gender stereotypes are so
• 11:41
  Speaker 4: strong and you're so traditional that it's almost like funny.
• 11:43
  Speaker 4: It's like, oh, you know, he wants a boy and
• 11:46
  Speaker 4: it's like funny. It's like humorous, which is so fine.
• 11:48
  Speaker 4: But like diabolical.
• 11:50
  Speaker 2: Absolutely not. For sure.
• 11:52
  Speaker 6: I've got to know everybody else's. What is your overrated thing?
• 11:55
  Speaker 6: Because I feel like we've all really put ourselves on
• 11:57
  Speaker 6: the line.
• 11:57
  Speaker 2: We need that as a whole thread. Comment on Spotify, please,
• 12:00
  Speaker 2: or maybe pop it in Facebook as well.
• 12:01
  Speaker 3: We will not cancel you. And do you know what
• 12:04
  Speaker 3: you guys have the privilege of now is if we
• 12:06
  Speaker 3: put this either on Spotify. Yeah. Put it in our comments.
• 12:10
  Speaker 3: But if this was in Facebook, like on a thread,
• 12:13
  Speaker 3: you have the benefit of being able to be anonymous
• 12:15
  Speaker 3: so they can be.
• 12:16
  Speaker 2: Even more unhinged. I hate it too. But in this situation,
• 12:20
  Speaker 2: people like, sorry, matcha tastes like grass. I don't get it.
• 12:24
  Speaker 2: I don't get it. And don't you dare slide into
• 12:28
  Speaker 2: my DMs and be like, you just haven't had a
• 12:30
  Speaker 2: good match up. No, they all taste like grass.
• 12:32
  Speaker 6: I don't know if I'll have a podcast to come
• 12:34
  Speaker 6: back to next week after we've dropped all of those,
• 12:36
  Speaker 6: but we'll see.
• 12:37
  Speaker 3: You're going to cancel my entire career, but that is
• 12:39
  Speaker 3: okay because I feel like that question of what is
• 12:43
  Speaker 3: like something you think is overrated would become an impeccable icebreaker.
• 12:47
  Speaker 1: Yes.
• 12:48
  Speaker 2: True, I like that question.
• 12:49
  Speaker 3: Next time you have a corporate get together, Millie. we're
• 12:52
  Speaker 3: going to do a little icebreaker challenge. Suggest that, see
• 12:55
  Speaker 3: how it goes.
• 12:56
  Speaker 6: You just know some old man's going to make a
• 12:58
  Speaker 6: really funny joke and be like, women's rights.
• 13:00
  Speaker 3: Oh, yeah.
• 13:02
  Speaker 2: Thanks, Ted. Shut up. Go back to the finance department.
• 13:08
  Speaker 3: All right, guys, please send your best questions of the
• 13:11
  Speaker 3: week for a chance to be featured on the show.
• 13:12
  Speaker 2: It doesn't need to be money related.
• 13:15
  Speaker 3: In fact, it's actually more likely to be chosen if.
• 13:17
  Speaker 2: It's not money related. The more unhinged, arguably, the better.
• 13:20
  Speaker 2: All right. You know what isn't overrated?
• 13:23
  Speaker 3: Celebrating all of the stuff that goes on in our community,
• 13:26
  Speaker 3: whether you've negotiated a bill down from an existing supplier
• 13:29
  Speaker 3: or you've found 10 bucks in your center console. My
• 13:32
  Speaker 3: friend's A win is a win, and Miss Jessica Ricci
• 13:35
  Speaker 3: is going to tell us about what the community's been
• 13:37
  Speaker 3: up to this week.
• 13:38
  Speaker 6: Well, Caitlin has managed to save herself $ 4, 000 on her
• 13:42
  Speaker 6: house renovations.
• 13:43
  Speaker 2: Four grand?
• 13:43
  Speaker 5: Wow.
• 13:44
  Speaker 2: Just by shopping things secondhand. Icon.
• 13:46
  Speaker 6: People have things left over from their renos or giving
• 13:48
  Speaker 6: stuff away. She's managed to save herself a very tidy sum.
• 13:52
  Speaker 6: Libby says she paid her after payoff, deleted the app,
• 13:55
  Speaker 6: and also put $ 1, 000 into her emergency savings.
• 13:59
  Speaker 3: Amazing.
• 14:00
  Speaker 2: Which we love to see it.
• 14:01
  Speaker 6: Then I've got Sheena who said, I'm an RACQ member,
• 14:04
  Speaker 6: so I buy Woolies gift cards at.
• 14:06
  Speaker 2: A 4% discount. Okay, Icon. It gets better. She's also
• 14:10
  Speaker 2: paid for.
• 14:10
  Speaker 6: The annual Woolworths membership, which gives her 10% off once
• 14:14
  Speaker 6: per month. And on top of that, she signed up
• 14:17
  Speaker 6: to their mobile plan, so she gets another 10% discount
• 14:20
  Speaker 6: as well. She stacks it all together so she can
• 14:23
  Speaker 6: save at least 14% off of her shop each time.
• 14:27
  Speaker 5: 14%?
• 14:27
  Speaker 2: There you go. You are a genius, Sheena.
• 14:30
  Speaker 6: I know. Sheena's got it figured out. I wonder if
• 14:32
  Speaker 6: you can stack all. I'm sure she probably would have
• 14:34
  Speaker 6: because that's 24% altogether.
• 14:35
  Speaker 2: I'm going to start looking at that.
• 14:37
  Speaker 3: And also, if you're really strategic about that, you'd obviously
• 14:40
  Speaker 3: use your 10% for your biggest shop of the month. Yeah.
• 14:43
  Speaker 2: All of your non-perishables and stables.
• 14:46
  Speaker 1: Yeah.
• 14:47
  Speaker 2: You can just pop them in one shop. Genius. Really clever.
• 14:50
  Speaker 6: Good one from Sheena. Next, I've got one from Jess.
• 14:52
  Speaker 6: Excellent name. Who says, I'm not sure if it counts.
• 14:54
  Speaker 6: And I would like to say it definitely does. She
• 14:56
  Speaker 6: just started a full-time Monday to Friday job after being
• 14:59
  Speaker 6: casual for over a year.
• 15:01
  Speaker 2: Congratulations, Jess. Congratulations.
• 15:03
  Speaker 6: And I love that Carolyn then jumped on the thread
• 15:05
  Speaker 6: and said, of course it counts. When you have your
• 15:08
  Speaker 6: first sick day, you don't have to worry about money.
• 15:09
  Speaker 6: That's where the wins are. Stability is a money win.
• 15:11
  Speaker 6: Good job.
• 15:12
  Speaker 2: And I just love to see you guys hyping each
• 15:13
  Speaker 2: other up. Yeah, hell yeah. It is so wholesome.
• 15:17
  Speaker 6: Next, I've got one from Lisa who said, I was
• 15:19
  Speaker 6: successful in landing a new role at work two grades
• 15:21
  Speaker 6: above my current one. She's now earning over six figures,
• 15:25
  Speaker 6: which is really exciting. Still with Super On Top Flexible
• 15:28
  Speaker 6: Working Agreement. She has a great manager, a new team,
• 15:31
  Speaker 6: and she just said she's feeling really proud and grateful,
• 15:34
  Speaker 6: which I wanted to celebrate.
• 15:35
  Speaker 2: Well done, Lisa. Amazing.
• 15:37
  Speaker 6: And then lastly this week, I've got a money win
• 15:40
  Speaker 6: from Maddie who said, I cashed out $ 100 from ShopBack
• 15:43
  Speaker 6: in the last fortnight. It's been accumulating over the last
• 15:46
  Speaker 6: two months, but it felt like a huge win. I've
• 15:49
  Speaker 6: lodged my tax return and I'm getting a fair bit back.
• 15:51
  Speaker 6: So double win for me.
• 15:52
  Speaker 2: I adore all of those. Good little roundup, Jess.
• 15:56
  Speaker 3: Miss Bex Syed, broke tips.
• 15:58
  Speaker 2: What are you bringing to the table?
• 16:00
  Speaker 4: Okay. So this first one comes from Remy who says,
• 16:03
  Speaker 4: rotating subscriptions. I use one different subscription per month. If
• 16:07
  Speaker 4: there's something on binge I want to watch, it'll still
• 16:09
  Speaker 4: be there next month. So I'll cancel my current subscription
• 16:12
  Speaker 4: and And do that one next, for example.
• 16:15
  Speaker 2: So I think it's a great idea. We're only watching
• 16:17
  Speaker 2: one show at a time. Yeah, that's so true. And
• 16:21
  Speaker 2: then kind of like, It makes you feel a little
• 16:22
  Speaker 2: bit more excited about it.
• 16:23
  Speaker 4: It's more of a, you know, when you like go
• 16:25
  Speaker 4: and rent a movie, it's different to like just scrolling
• 16:28
  Speaker 4: on Netflix and like finding something. So it's like if
• 16:30
  Speaker 4: you have in your mind that you're going to go
• 16:33
  Speaker 4: to binge next month and watch this specific thing.
• 16:35
  Speaker 2: It feels more exciting. It feels more special.
• 16:37
  Speaker 4: So I think it's like kind of like a double whammy.
• 16:40
  Speaker 4: It's saving you money and also it kind of makes
• 16:42
  Speaker 4: it exciting.
• 16:43
  Speaker 3: I love it.
• 16:43
  Speaker 2: I love it. I look forward to, you know.
• 16:46
  Speaker 4: This next one comes from Lynn who says, cheap air fresheners,
• 16:48
  Speaker 4: putting watered down hand soap on a pad is, And
• 16:51
  Speaker 4: sticking it in your car or the lid of the
• 16:54
  Speaker 4: bin or those sticky circle pads you might find like
• 16:57
  Speaker 4: at the bottom of table or chair legs, same kind
• 16:59
  Speaker 4: of thing. So pad as in period pad. Oh, I
• 17:03
  Speaker 4: thought it meant cotton pad.
• 17:04
  Speaker 2: There's both.
• 17:05
  Speaker 4: One is like, you know, those little ones you put
• 17:06
  Speaker 4: at the bottom of the, you know, your.
• 17:08
  Speaker 2: Chairs, your tables. Like a cotton round or something. A
• 17:10
  Speaker 2: cotton round. Rather than a period pad, I'm imagining. And
• 17:12
  Speaker 2: then the period pad is the other one. You just
• 17:14
  Speaker 2: peel it off. It's already sticky on the bottom.
• 17:16
  Speaker 1: Yes.
• 17:16
  Speaker 3: But I would have thought that they were designed to
• 17:18
  Speaker 3: kind of.
• 17:19
  Speaker 2: Well, they absorb, don't they? Yeah, but trap?
• 17:22
  Speaker 3: Like smells?
• 17:24
  Speaker 4: Some of them are meant to trap odour or like...
• 17:27
  Speaker 4: Maybe get the real cheap ones. Get the really cheap ones.
• 17:29
  Speaker 1: Yeah, yeah, yeah.
• 17:30
  Speaker 2: Get the ones with the wings.
• 17:31
  Speaker 3: Well, I do that for my kids' nappy bins, niche,
• 17:33
  Speaker 3: but I get the cotton rounds and essential oils and
• 17:36
  Speaker 3: I just pop a whole heap of essential oils on
• 17:38
  Speaker 3: the cotton round and drop it at the bottom of
• 17:40
  Speaker 3: the nappy bin and then put the bag over the
• 17:42
  Speaker 3: top because a nappy bin.
• 17:44
  Speaker 2: It sucks. Dryer sheets is what we put in our bins. Oh,
• 17:48
  Speaker 2: you're really smart. I've heard people say, yeah. Learned that
• 17:51
  Speaker 2: on the internet somewhere. What is a dryer sheet?
• 17:53
  Speaker 6: I think it's just meant to scent your clothes. I
• 17:55
  Speaker 6: actually have never used a dryer sheet in the dryer,
• 17:57
  Speaker 6: but it's like so cheap. It's like five bucks for
• 18:00
  Speaker 6: a pack of, I don't even know. We have never
• 18:02
  Speaker 6: finished the pack that we've got. And so we just
• 18:04
  Speaker 6: chuck one in the bottom of the bin and then
• 18:05
  Speaker 6: when we switch it every week, we switch the thing.
• 18:07
  Speaker 2: Okay. What else you got? My one is very nappy related.
• 18:12
  Speaker 5: What?
• 18:13
  Speaker 2: She knows her audience.
• 18:16
  Speaker 4: So, and obviously, like, talk to a dermatologist, whatever, whatever. Apparently,
• 18:20
  Speaker 4: nappy rash cream is a budget-friendly face cream. But obviously,
• 18:23
  Speaker 4: check the ingredients first. Stop, because that's so funny. I
• 18:27
  Speaker 4: am still going through.
• 18:29
  Speaker 3: The biggest flare up of perioral dermatitis I've had in
• 18:32
  Speaker 3: my entire life. And my legitimate dermatologist suggested that I
• 18:35
  Speaker 3: go to bed with pseudocrem on my face.
• 18:38
  Speaker 2: Yes, there you go. Because it helps calm it.
• 18:42
  Speaker 3: It's full of zinc oxide in it. It's obviously safe
• 18:44
  Speaker 3: for babies, safe for your face.
• 18:46
  Speaker 2: Yes. I don't know, Tilly from.
• 18:49
  Speaker 4: Tilly and Marley, I think is maybe what they're called.
• 18:51
  Speaker 4: She has been putting that for cream.
• 18:52
  Speaker 2: I have been doing it most nights. It's very attractive.
• 18:54
  Speaker 2: I'll send you a picture. Please.
• 18:56
  Speaker 3: Also, did you know that it's pseudo creme, not pseudo cream?
• 19:00
  Speaker 2: Pseudo creme.
• 19:01
  Speaker 3: Yeah, it's C-R-E-M. Like that's how it's spelled. There's no E-A-M,
• 19:06
  Speaker 3: but we all call it pseudo cream. And I got
• 19:09
  Speaker 3: corrected the other day, so I stand corrected.
• 19:12
  Speaker 6: I fear I'll continue to call it pseudo cream.
• 19:14
  Speaker 2: Yeah, me too.
• 19:16
  Speaker 5: Me too.
• 19:16
  Speaker 2: Me too. All right. Well, that's genius. I love it.
• 19:19
  Speaker 3: Thank you. If you haven't already joined the She's On
• 19:21
  Speaker 3: The Money Facebook group, please do so immediately. Not only
• 19:25
  Speaker 3: is the community super helpful and supportive, they will bring
• 19:28
  Speaker 3: you some of the best savings hacks and budget tips
• 19:31
  Speaker 3: going around. We're going to take a really quick break,
• 19:34
  Speaker 3: but when we get back, it is time for a
• 19:36
  Speaker 3: risky money dilemma.
• 19:41
  Speaker 2: Welcome back everybody. Let's take a listen to this week's
• 19:44
  Speaker 2: Money Dilemma. Hi there.
• 19:47
  Speaker 3: Have you got a money dilemma you just can't solve?
• 19:50
  Speaker 3: The She's on the Money team is here to help.
• 19:52
  Speaker 3: Every week we tackle your dilemmas, both big and small,
• 19:55
  Speaker 3: to answer your most burning money, career and life questions.
• 19:58
  Speaker 3: To get involved, simply head to our website and leave
• 20:01
  Speaker 3: us a short voice recording and you might just find
• 20:03
  Speaker 3: yourself on the show. Now let's take a listen to
• 20:06
  Speaker 3: this week's Money Dilemma.
• 20:10
  Speaker 2: Hi, She's on the Money.
• 20:11
  Speaker 5: I have a question regarding investing. Currently, I've been investing
• 20:17
  Speaker 5: for a goal of retirement, but I've recently thought maybe
• 20:22
  Speaker 5: in 10 years or so looking at purchasing a house. Obviously,
• 20:26
  Speaker 5: I have that short-term goal as well. As I was
• 20:30
  Speaker 5: looking to invest for retirement, I classified myself as a
• 20:35
  Speaker 5: high growth risk profile because it's so far away. And
• 20:39
  Speaker 5: now with this shorter goal, I have done other questionnaires
• 20:43
  Speaker 5: and things and they say you're either conservative growth or
• 20:48
  Speaker 5: high growth. And so I'm a little confused in that sense. Obviously,
• 20:52
  Speaker 5: I have my super and that's going to be purely
• 20:54
  Speaker 5: for retirement. But My question is, is there a way
• 20:58
  Speaker 5: to have two risk profiles in one micro investing account
• 21:02
  Speaker 5: on Sharesies? I'm just a little unsure of what profile
• 21:07
  Speaker 5: I would be. So I'd like to have the option
• 21:09
  Speaker 5: of having both. And then once one goal is done,
• 21:13
  Speaker 5: then moving on to another one. But is that a
• 21:15
  Speaker 5: feasible thing to do? Is that something that's normal? I'd
• 21:20
  Speaker 5: love your help with this. Thank you so much.
• 21:22
  Speaker 2: What are your thoughts? I feel like there's a couple
• 21:25
  Speaker 2: of things to pull apart.
• 21:26
  Speaker 6: So the first thing is that you're asking about risk
• 21:29
  Speaker 6: profiles within Sharesies specifically. Sharesies is a brokerage platform, so
• 21:33
  Speaker 6: you don't get classified, so to speak, into a specific.
• 21:37
  Speaker 2: Profile or category.
• 21:39
  Speaker 6: In the way that you would in a Razor or
• 21:40
  Speaker 6: Spaceship where there's a couple of set portfolios tailored to
• 21:43
  Speaker 6: separate risk profiles on a normal brokerage or an open
• 21:47
  Speaker 6: brokerage platform like a Sharesies, So when you're selecting your
• 21:50
  Speaker 6: own shares, the responsibility is on you to select things
• 21:54
  Speaker 6: that feel in line with.
• 21:55
  Speaker 2: Your risk profile.
• 21:56
  Speaker 6: Risk profile, I guess, I don't want to use the
• 21:58
  Speaker 6: word ambiguous, but it's almost like if you think about it,
• 22:01
  Speaker 6: you do a personality test, right? Like we'll actually talk
• 22:03
  Speaker 6: about the Myers-Briggs, you know what I mean? ENFJ or
• 22:05
  Speaker 6: whatever it is that I am. It's, I believe, and
• 22:08
  Speaker 6: I'm sure Victoria will be able to tell me if
• 22:10
  Speaker 6: I'm wrong, it's hard to exist within two different profiles.
• 22:13
  Speaker 2: Yeah, you just don't. Like you're a this or you're
• 22:15
  Speaker 2: a that.
• 22:16
  Speaker 5: Yeah.
• 22:16
  Speaker 6: And so it sounds like for a listener, your goal
• 22:20
  Speaker 6: has changed and therefore your risk profile has changed in
• 22:24
  Speaker 6: line with your goal. Yes.
• 22:26
  Speaker 3: You actually can't have two different risk profiles. You can
• 22:29
  Speaker 3: have different goals that require different timeframes, which would then
• 22:33
  Speaker 3: require you to take on less risk because they're short
• 22:36
  Speaker 3: term versus long term. But you actually can't be somebody else.
• 22:41
  Speaker 3: For example, let's use me. I'm a high growth investor,
• 22:44
  Speaker 3: but I'm also an educated investor. So I know if
• 22:46
  Speaker 3: I've got a holiday coming up next year that I
• 22:48
  Speaker 3: need to fund, that money is not going to go
• 22:51
  Speaker 3: into my investment portfolio and be exposed to the share
• 22:54
  Speaker 3: market because that doesn't make sense. So I have lots
• 22:58
  Speaker 3: of different goals that have lots of different plans for
• 23:02
  Speaker 3: how they make money. But my long-term investment goal is
• 23:05
  Speaker 3: to invest aggressively. So like anything that is long-term is
• 23:09
  Speaker 3: very exposed to the market and not a lot of
• 23:12
  Speaker 3: it sits in cash, whereas short-term goals, they do sit
• 23:15
  Speaker 3: in cash. So I think it's really important to actually
• 23:17
  Speaker 3: not look at your risk profile, go do a risk
• 23:20
  Speaker 3: profile assessment and see what that comes out as, but
• 23:23
  Speaker 3: assess each goal and their timeframe and then what investments
• 23:27
  Speaker 3: could then fit that timeframe. Because if it's short-term... well,
• 23:31
  Speaker 3: you're obviously not going to expose it to the share market.
• 23:34
  Speaker 3: Maybe a high interest savings account works better for that
• 23:37
  Speaker 3: specific goal. And I have a high interest savings account.
• 23:41
  Speaker 3: That doesn't mean I'm not a high risk investor. It
• 23:43
  Speaker 3: just means that that money shouldn't be exposed to the
• 23:45
  Speaker 3: market on a short period of time.
• 23:47
  Speaker 2: Does that make sense? Yes. That's a much better explained
• 23:49
  Speaker 2: version of what I was trying to say. Thank you.
• 23:51
  Speaker 2: Just say ditto.
• 23:52
  Speaker 1: Yeah.
• 23:52
  Speaker 2: Agreed. I concur.
• 23:54
  Speaker 6: The other thing I was going to say is that
• 23:55
  Speaker 6: within your portfolio, you can also hold, and most portfolios do,
• 24:00
  Speaker 6: if you're well diversified, different types of investments. So, you know,
• 24:04
  Speaker 6: we talk about, you say you have a few shares
• 24:07
  Speaker 6: that are take a punch shares that you would be
• 24:09
  Speaker 6: considered high risk, but then you also hold blue chip stocks,
• 24:12
  Speaker 6: which are much lower risk. So, just because you fit
• 24:16
  Speaker 6: within a certain risk profile doesn't mean that you can't
• 24:18
  Speaker 6: build out a well-rounded and balanced portfolio. But yeah, you
• 24:24
  Speaker 6: kind of, from my understanding, you fit into one spot
• 24:27
  Speaker 6: and then exactly as you said, you adjust your strategy
• 24:30
  Speaker 6: based on your goal and your risk profile kind of
• 24:33
  Speaker 6: overlays all of those things.
• 24:35
  Speaker 2: Is that fair?
• 24:36
  Speaker 3: Yeah, because you'd have some high risk investments for long-term growth,
• 24:39
  Speaker 3: but then you'd have lower risk options for stability. And
• 24:42
  Speaker 3: that doesn't mean that you're not a high growth investor.
• 24:44
  Speaker 3: It just means that you've been strategic about how things work.
• 24:47
  Speaker 3: And that way your overall portfolio reflects everything like a
• 24:52
  Speaker 3: blend that suits your different goals or comfort levels that
• 24:55
  Speaker 3: you can adjust any time as your risk appetite changes.
• 24:58
  Speaker 2: Yeah.
• 24:59
  Speaker 4: I really was lost and I came back and then
• 25:02
  Speaker 4: I was lost again. But I really trust wholeheartedly what
• 25:06
  Speaker 4: you guys are saying. So that's all from me.
• 25:08
  Speaker 3: Well, in that case, would you like to hear the
• 25:10
  Speaker 3: DM of the week?
• 25:11
  Speaker 2: Yes, please.
• 25:12
  Speaker 3: Well, one community member wrote in and she said, Hi, ladies,
• 25:15
  Speaker 3: I'm starting maternity leave in a few weeks. And while
• 25:17
  Speaker 3: going through the interview process for my replacement, I was
• 25:21
  Speaker 3: a bit shocked to hear my boss offer my exact
• 25:23
  Speaker 3: salary to one of the candidates. For context, I work
• 25:27
  Speaker 3: in a very niche industry and have been at the
• 25:29
  Speaker 3: company for eight years. I'm a senior leader within the
• 25:33
  Speaker 3: business and I do a lot more than what my
• 25:35
  Speaker 3: job description entails. The person they offered my salary to
• 25:39
  Speaker 3: for the 12-month mat leave cover has only been doing
• 25:42
  Speaker 3: the job for three years at a different, slower-paced company.
• 25:46
  Speaker 3: Should I be offended that they don't seem to value
• 25:48
  Speaker 3: my worth? Is it acceptable to ask for a pay
• 25:51
  Speaker 3: rise when I return from maternity leave?
• 25:54
  Speaker 4: I do apologize if I'm ignorant. I guess it feels
• 25:58
  Speaker 4: fair because, Victoria, you taught me this.
• 26:00
  Speaker 2: I'm like, same salary. It shouldn't be based on experience.
• 26:02
  Speaker 4: And then you taught me like this, you know, some
• 26:05
  Speaker 4: people like Jess, for example, if there was now another
• 26:09
  Speaker 4: role exactly the same as Jess's. they wouldn't be immediately
• 26:12
  Speaker 4: on Jess's salary because you like worked.
• 26:14
  Speaker 5: Your way up.
• 26:14
  Speaker 2: Sorry, I can't afford it actually.
• 26:16
  Speaker 5: You know?
• 26:16
  Speaker 4: And so I'm like, and then it really did make
• 26:18
  Speaker 4: me think about things differently. And I was like, okay,
• 26:19
  Speaker 4: I can see that. But I think for this kind
• 26:21
  Speaker 4: of thing, it's in my mind, it's like like for like,
• 26:25
  Speaker 4: I guess. And it's like, someone's taking over your role.
• 26:28
  Speaker 4: It seems like they do have experience. It really isn't
• 26:30
  Speaker 4: just like someone off the street or whatever, like that's
• 26:33
  Speaker 4: never done this before.
• 26:34
  Speaker 2: And they're like, we really need someone to do this.
• 26:36
  Speaker 4: But even then it's like, their budget is still the
• 26:39
  Speaker 4: same I would be annoyed if someone went on mat
• 26:43
  Speaker 4: leave and I was like okay well I'll step into
• 26:45
  Speaker 4: that for a little while and they're like okay well
• 26:47
  Speaker 4: you don't usually do this role so we're gonna pay
• 26:50
  Speaker 4: you way less or even a little bit less I'd
• 26:52
  Speaker 4: be like what the hell no I don't want to
• 26:54
  Speaker 4: do it then you know so I can see on
• 26:56
  Speaker 4: both ends you'd be like oh don't you value me
• 26:58
  Speaker 4: more than this other person it's rough I could be missing.
• 27:02
  Speaker 3: Something but I'm like it It feels fair to me.
• 27:05
  Speaker 3: It depends on the personal relationship you have with your workplace, right?
• 27:08
  Speaker 3: So like, let's say, and I'm just guessing here, let's
• 27:11
  Speaker 3: say you go work at a university where all of
• 27:14
  Speaker 3: the incomes are banded and like are set. So you
• 27:17
  Speaker 3: can only earn that amount for a level seven or whatever. And,
• 27:21
  Speaker 3: you know, your role is worth $ 70, 000. And therefore, when
• 27:25
  Speaker 3: we're hiring a maternity leave replacement, it's like they're replacing
• 27:28
  Speaker 3: your job and And so therefore the budget for that
• 27:31
  Speaker 3: replacement is $ 70, 000, like for like. You could feel that
• 27:34
  Speaker 3: you do a lot more than your job and you
• 27:36
  Speaker 3: could feel all of that and that you're valued at more,
• 27:39
  Speaker 3: but the business might come back and be like, but babe,
• 27:41
  Speaker 3: that's just what the role is worth. And if you
• 27:43
  Speaker 3: left the business, that's how much we'd pay for someone
• 27:46
  Speaker 3: new to come in. And yes, you... do have a
• 27:48
  Speaker 3: lot of experience and stuff, but the role is just
• 27:50
  Speaker 3: worth $ 70, 000. And that would be entirely plausible. But on
• 27:54
  Speaker 3: the flip side, let's say Jess, because you brought Jess's
• 27:57
  Speaker 3: salary into conversation, and I do apologize, Jess.
• 28:00
  Speaker 2: I won't disclose the figure here, don't you worry.
• 28:02
  Speaker 3: But let's say this happens to Jess, and Jess goes
• 28:05
  Speaker 3: on maternity leave, and she saw that I was going
• 28:08
  Speaker 3: to pay her a replacement what I paid Jess.
• 28:11
  Speaker 2: She would be rightly... offended.
• 28:13
  Speaker 1: I see.
• 28:13
  Speaker 3: Because Jess does a really good job, gets paid more
• 28:17
  Speaker 3: than what like an average partnerships manager gets paid. But
• 28:21
  Speaker 3: because she goes above and beyond, because she has all
• 28:24
  Speaker 3: of the experience and like I have articulated that quite
• 28:27
  Speaker 3: clearly and she knows why and when and all of that,
• 28:30
  Speaker 3: like I think she'd be a bit like, no one
• 28:32
  Speaker 3: can replace me and do what I do because they can't.
• 28:35
  Speaker 2: And she wouldn't be wrong.
• 28:38
  Speaker 3: So I can see why two people might have two
• 28:41
  Speaker 3: different views on this and both of them are correct.
• 28:43
  Speaker 1: Yeah.
• 28:44
  Speaker 2: If that makes sense. That does make sense.
• 28:45
  Speaker 6: I don't think I personally would be offended if I
• 28:48
  Speaker 6: went on maternity leave.
• 28:49
  Speaker 2: That's because you're really nice. Thank you. You got paid
• 28:51
  Speaker 2: the same as me.
• 28:51
  Speaker 6: I think the other thing you have to factor in
• 28:53
  Speaker 6: is typically short-term contract roles are paid at a higher
• 28:56
  Speaker 6: rate because there's a lack of stability. So if someone's
• 28:59
  Speaker 6: coming in for maternity leave cover, they know that they're
• 29:02
  Speaker 6: only coming in for a 12-month, you know, often less period.
• 29:05
  Speaker 5: Yeah.
• 29:06
  Speaker 6: And therefore, those rates often are a little bit higher
• 29:08
  Speaker 6: to compensate for the fact that it's, well, it's a
• 29:10
  Speaker 6: short-term gig, right? And so there's a lack of stability
• 29:13
  Speaker 6: or long-term outlook there. So that's also something worth considering
• 29:17
  Speaker 6: when you're feeling the way that you're feeling.
• 29:19
  Speaker 2: Totally valid.
• 29:20
  Speaker 6: I think the bigger question is, do you feel like
• 29:23
  Speaker 6: you're being paid enough? Because this person being paid the
• 29:27
  Speaker 6: same as you, to me, is kind of irrelevant. Like,
• 29:30
  Speaker 6: I understand exactly, as you were saying, you have long-term
• 29:34
  Speaker 6: knowledge of the business, you're taking on additional work. Do
• 29:37
  Speaker 6: you feel like that is being fairly compounded? Because if
• 29:40
  Speaker 6: the answer to that is no, then yeah, go ask
• 29:43
  Speaker 6: for a pay rise. Like, I think that that's very fair.
• 29:45
  Speaker 6: And we, you know, we always say you should be
• 29:47
  Speaker 6: asking for an annual pay rise, should be doing all
• 29:48
  Speaker 6: of these things.
• 29:49
  Speaker 2: But you should also be coming with receipts.
• 29:51
  Speaker 3: Yeah.
• 29:52
  Speaker 6: And yeah, saying, hey, like I do, you've just paid
• 29:54
  Speaker 6: this person this amount to do this job. Well, I
• 29:56
  Speaker 6: do all of those tasks plus these additional tasks. can
• 30:00
  Speaker 6: we talk about being compensated for that? But I think
• 30:03
  Speaker 6: that the maternity leave cover is not as relevant.
• 30:07
  Speaker 2: To the situation.
• 30:08
  Speaker 6: It's about what you're doing, your job description, your salary specifically,
• 30:13
  Speaker 6: and how you feel about all of that as a whole.
• 30:16
  Speaker 6: This person coming in has maybe made you reflect on that,
• 30:20
  Speaker 6: but they shouldn't be, I guess, necessarily the reasoning that.
• 30:23
  Speaker 2: You put forward, I would say.
• 30:25
  Speaker 4: Yeah.
• 30:26
  Speaker 2: Yes, good call. Does that make sense? Yeah, it does.
• 30:28
  Speaker 2: What did everybody else think?
• 30:29
  Speaker 3: Okay, so the first question I asked was, should the
• 30:31
  Speaker 3: replacement salary influence how you feel about your own pay? 54%
• 30:36
  Speaker 3: of you said, yep, I'd be questioning it too. 25% said, no,
• 30:40
  Speaker 3: they are separate situations. And 21% said, I am undecided.
• 30:44
  Speaker 2: Pretty fair split.
• 30:45
  Speaker 3: Next question we asked was, what would you do in
• 30:47
  Speaker 3: this situation? 60% of you said, ask for a pay
• 30:50
  Speaker 3: review when I return. 35% said, discuss my responsibilities with
• 30:54
  Speaker 3: my boss. And 5% said, I'd be looking elsewhere.
• 30:57
  Speaker 6: Interesting.
• 30:58
  Speaker 3: The next question we asked was, do you think loyalty
• 31:01
  Speaker 3: to one employer should be rewarded financially? 67% said yes, 25%
• 31:06
  Speaker 3: said it depends on the industry and 8% said no.
• 31:10
  Speaker 3: We then obviously said, what is your two cents? And
• 31:13
  Speaker 3: my Lord, did you deliver? So very similar to what
• 31:17
  Speaker 3: we were saying. First person said contract similar to casual rate,
• 31:21
  Speaker 3: not permanent, higher pay to entice a right candidate who
• 31:25
  Speaker 3: would take a short-term contract. Another person said loyalty tax
• 31:28
  Speaker 3: is real. Someone else said There should be additional remuneration
• 31:32
  Speaker 3: for short-term contracts that you're not considering. Someone else said
• 31:35
  Speaker 3: equal pay for equal work. She needs to look at
• 31:37
  Speaker 3: the market rate and justify extra money based on her
• 31:40
  Speaker 3: experience and performance. Another person said, if you're not embarrassed
• 31:44
  Speaker 3: about how much money you're asking for, you're not asking
• 31:47
  Speaker 3: for enough.
• 31:48
  Speaker 2: I usually love that quote. Wow.
• 31:49
  Speaker 3: I always think that's so funny because I definitely think
• 31:52
  Speaker 3: that that's true. Another person said, replacement is doing the
• 31:55
  Speaker 3: exact same job. I don't see a problem with them
• 31:57
  Speaker 3: being paid the same. Next person said, ask for the
• 32:01
  Speaker 3: pay review before mat leave ends. You don't need to wait.
• 32:04
  Speaker 2: That's great advice.
• 32:06
  Speaker 3: Another person said, if I was taking that role, I
• 32:08
  Speaker 3: would expect premium pay because it's a short-term contract, which
• 32:11
  Speaker 3: would be totally fair. How do we feel about those responses, guys?
• 32:17
  Speaker 3: I think, yeah, they're pretty on par. The only other
• 32:19
  Speaker 3: thing I would.
• 32:19
  Speaker 6: Say is, and this is a much bigger conversation that
• 32:22
  Speaker 6: we don't have time for today, but keep in mind,
• 32:25
  Speaker 6: if you come back from maternity leave and immediately ask
• 32:28
  Speaker 6: for a pay rise, there is the potential for pushback
• 32:32
  Speaker 6: based on the fact that you are not up to date.
• 32:35
  Speaker 6: You've taken 12 months away from the company and I
• 32:38
  Speaker 6: don't know what you do for work, but you might
• 32:39
  Speaker 6: be behind on training or you might be behind on
• 32:41
  Speaker 6: different things. So if it is something you're thinking about,
• 32:44
  Speaker 6: I would maybe encourage you to either start that conversation
• 32:48
  Speaker 6: now or start doing those things because... I don't know
• 32:51
  Speaker 6: that it's right or wrong, but I do know that
• 32:54
  Speaker 6: if you were to return from maternity leave and immediately
• 32:56
  Speaker 6: ask for a pay rise, I just feel that there
• 32:58
  Speaker 6: might be pushback. And like, that's one of the unfortunate burdens. Like,
• 33:02
  Speaker 6: you know, it's disproportionate in the way that it impacts
• 33:04
  Speaker 6: women more often than not. And that sucks. But it's
• 33:06
  Speaker 6: just something I want you to think about. Because again,
• 33:08
  Speaker 6: I don't want you to be on the back foot.
• 33:10
  Speaker 3: And also to be a negative Nancy here and to
• 33:12
  Speaker 3: back exactly what you're saying. According to a 2024 paper
• 33:16
  Speaker 3: published by ANU on the impact of motherhood on women's
• 33:19
  Speaker 3: career progression, we know that when mothers enter the workforce,
• 33:24
  Speaker 3: they experience lower wages, higher turnover rates, more frequent employment
• 33:28
  Speaker 3: transitions and more hiring discrimination than men who become parents.
• 33:32
  Speaker 3: And while things like increases to parental leave, childcare subsidies
• 33:36
  Speaker 3: and legislation around work from home and stuff like that
• 33:39
  Speaker 3: needs to be addressed, none of it's going to change overnight.
• 33:42
  Speaker 3: And I agree with asking for a pay rise, but
• 33:45
  Speaker 3: I would be trying to negotiate some of those flexible
• 33:47
  Speaker 3: things because when you return from mat leave, they might
• 33:50
  Speaker 3: actually be way more valuable to you than a few
• 33:54
  Speaker 3: more dollars in the But flexibility once you become a
• 33:59
  Speaker 3: parent is greater sometimes. Yeah.
• 34:02
  Speaker 2: Lots to think about. Lots to think about.
• 34:04
  Speaker 3: I mean, this community sticking around, hanging out, listening to
• 34:08
  Speaker 3: this podcast obviously has the power to change their own
• 34:10
  Speaker 3: financial futures. And why not completely revolutionize, you know, the
• 34:14
  Speaker 3: workplace and the way that we do it. But my friends,
• 34:17
  Speaker 3: thank you for joining us. Thank you for listening to
• 34:19
  Speaker 3: another edition of Friday Drinks. We hope that this episode
• 34:22
  Speaker 3: has encouraged you to maybe book in your next pay
• 34:24
  Speaker 3: rise chat because maybe you were thinking like, I'm not
• 34:27
  Speaker 3: back from mat leave, but like, damn, I do deserve it.
• 34:31
  Speaker 3: Or maybe support one if you're higher up. Make sure
• 34:34
  Speaker 3: that you are subscribed so that you never miss an episode.
• 34:37
  Speaker 3: And we'll be back next week with a brand new
• 34:38
  Speaker 3: money diary for you to sink your ears into, if
• 34:41
  Speaker 3: that's a thing.
• 34:42
  Speaker 2: Anyway, have a great weekend. Be good to each other
• 34:44
  Speaker 2: and to yourselves. Bye, guys. Bye.
• 34:46
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• 34:53
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• 34:57
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• 35:01
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• 35:18
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