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2025 MONEY RESET: How To Increase Your Income · Two Broke Chicks

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  Speaker 1: This podcast is recorded on gadigal Land Always was, always
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  Speaker 1: will be Aboriginal Land.
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  Speaker 2: Hey chicks, welcome to episode two of The Financial Glower,
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  Speaker 2: the twenty twenty five Reset, the mini series where we're
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  Speaker 2: going to reset and glow up our finances in twenty
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  Speaker 2: twenty five. In episode two, we are diving into three
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  Speaker 2: ways to boost.
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  Speaker 3: Your income in twenty twenty five.
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  Speaker 2: Yep, we're talking about getting that pay rise that you deserve,
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  Speaker 2: starting your investment journey, and easy ways to earn extra
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  Speaker 2: cashola with a side hustle. If you missed episode one
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  Speaker 2: on how to understand your income versus expenses, definitely go
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  Speaker 2: back and listen to that.
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  Speaker 4: Yeah, it was very motivational, it was.
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  Speaker 3: It was a good place to start.
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  Speaker 1: Okay, shall we get straight into the EPP. Let's do
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  Speaker 1: it all right. Our first tip to earning more money
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  Speaker 1: in twenty twenty five is getting a pay rise. So
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  Speaker 1: let's start with step one, getting your pay rise.
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  Speaker 4: Girls.
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  Speaker 1: This is your year to own your worth and ask
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  Speaker 1: for what you deserve.
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  Speaker 4: I get it.
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  Speaker 1: The thought of negotiating a pay rise in steals fear
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  Speaker 1: and anxiety into everyone.
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  Speaker 3: It's not fun.
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  Speaker 1: It's not fun, but it shouldn't be terrifying, even though
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  Speaker 1: it feels like it. I promised you you got this though,
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  Speaker 1: here is some helpful ways that you can make it happen.
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  Speaker 1: Because this might surprise some people, but the best way
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  Speaker 1: to get a pay rise in twenty twenty five is
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  Speaker 1: to actually get a new job.
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  Speaker 4: Get out of it.
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  Speaker 3: Step number one, step your job.
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  Speaker 1: Step number one to get a pay rise, quit your job.
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  Speaker 1: So the most achievable way to increase your salary is
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  Speaker 1: to actually change jobs. According to research by Seek, those
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  Speaker 1: who changed roles had a one point six times greater
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  Speaker 1: salary increase than those who stayed in the same job
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  Speaker 1: in twenty twenty three. And now we'll speak for them
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  Speaker 1: teach literally, so people who switch jobs saw a nine
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  Speaker 1: percent average salary increase in the last job change versus
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  Speaker 1: five point five percent average salary increase in the last
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  Speaker 1: pay rise. So it's kind of really good timing because
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  Speaker 1: the best time of year to get a new job
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  Speaker 1: is the start of the year, so January February, this
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  Speaker 1: is when companies are kind of looking at their budgets
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  Speaker 1: for the year. They're looking at the teams and they're
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  Speaker 1: seeing where they need more support or more people because
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  Speaker 1: of last year. So they'll be like, Okay, what did
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  Speaker 1: we feel like was working really well last year? What
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  Speaker 1: teams needed a little bit more support? Okay, social media
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  Speaker 1: they had a lot on last year. If we hire
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  Speaker 1: someone else, you know that alleviate's out stress and we
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  Speaker 1: could double the output or being bang bong and so
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  Speaker 1: the exact way get exactly wording of that's what they
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  Speaker 1: use in the big boardrooms, being bang boc. So having
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  Speaker 1: this in the back of your mind means that even
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  Speaker 1: potentially over the Christmas break or early January, you can
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  Speaker 1: start working on your resume, cover letters or really figuring
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  Speaker 1: out what it is that you want to do. Maybe
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  Speaker 1: you want to change industries, maybe you don't want to
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  Speaker 1: even work in the same thing you worked in last year.
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  Speaker 1: It's kind of like the best time of year to
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  Speaker 1: have a complete professional rebrand.
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  Speaker 4: And I love that.
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  Speaker 2: And fingers crossed if so faso an encumboost.
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  Speaker 1: Yeah, writing your resume and cover letter does put chills
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  Speaker 1: down my spy. However, and I'm kind of a bit
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  Speaker 1: bitter about this is that it's never been easier. So
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  Speaker 1: the new iOS update on Apple has this new thing
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  Speaker 1: called writing Tools, which you can write out your resume
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  Speaker 1: and cover letter and when you highlight it, there's a
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  Speaker 1: little button that says professional and it will rewrite the
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  Speaker 1: whole thing with a more professional tone.
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  Speaker 4: You can also go one.
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  Speaker 1: Step further and use GPT, which is also incorporated into
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  Speaker 1: the Apple Intelligence But in case you don't have that
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  Speaker 1: update or you're not using an Apple product, you can
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  Speaker 1: just use chat GPT and you can literally put the
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  Speaker 1: dot points of your experience into it as well as
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  Speaker 1: what that role you're applying for is looking for and
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  Speaker 1: ask it to write it for you.
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  Speaker 2: Well, it takes so much of that work and stress
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  Speaker 2: and brain power out of it.
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  Speaker 3: And make sure that the cover.
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  Speaker 2: Letters that you are writing are customized to the roles
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  Speaker 2: that you're applying for, because you really shouldn't be using
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  Speaker 2: the same cover letter and for every single job. You
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  Speaker 2: should be tailoring them for the key responsibilities that are
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  Speaker 2: included in that job ad and that can be a
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  Speaker 2: lot of work, so using tools like this can make
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  Speaker 2: that so much more manageable.
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  Speaker 1: And it's still everything that you've done, It's still all
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  Speaker 1: of your experience.
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  Speaker 4: And achievements and everything about you.
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  Speaker 1: And then the other tool that I do love is
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  Speaker 1: Google's AI interview tool, so you can actually select the
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  Speaker 1: industry that you are applying for or you want to
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  Speaker 1: move into, and it will generate interview questions to ask
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  Speaker 1: you and you can answer and practice and it gives
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  Speaker 1: you like a little score at the end and.
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  Speaker 4: Then you can go back and do it again.
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  Speaker 1: And as someone who would always get so so nervous
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  Speaker 1: for job interviews, I think this is such a great
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  Speaker 1: tool to you so that you can really go in
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  Speaker 1: with confidence and know your shit. Like you know when
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  Speaker 1: you go into a job interview and they're like, what's
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  Speaker 1: your name and you're like, I.
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  Speaker 3: Don't know, Yeah, who am I? Forget it all?
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  Speaker 4: Who are you?
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  Speaker 1: School?
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  Speaker 4: Did you go to You're like, I didn't go to school.
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  Speaker 1: You're like, I have actually never even been to outside
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  Speaker 1: my house.
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  Speaker 3: I was raised by walls.
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  Speaker 4: I was raised.
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  Speaker 1: Yeah.
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  Speaker 2: I love that it can really help you practice and
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  Speaker 2: practice makes perfect and will make you more confident going
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  Speaker 2: into those more stressful situations. If you want to stay
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  Speaker 2: at your current role, you can use these things as
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  Speaker 2: a bargaining tool to get a pay rise and go
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  Speaker 2: in with the blue.
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  Speaker 3: Prep Number one. Do your research.
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  Speaker 2: Sites like seek or Glassdoor Australia are perfect for this.
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  Speaker 2: For example, you can use seek salary filter to search
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  Speaker 2: jobs by salary to compare what similar roles offer. This
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  Speaker 2: could also be a good tool to see what skills, roles,
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  Speaker 2: and responsibilities you may need to propose and take on
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  Speaker 2: if you want to get a pay rise or a promotion.
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  Speaker 3: Number two track your wins.
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  Speaker 2: Make a brag list of all of the amazing things
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  Speaker 2: that you've achieved at work. Did you nail a big
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  Speaker 2: project or did you save the company money? Be ready
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  Speaker 2: to show how you've gone above and beyond. Numbers and
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  Speaker 2: specifics are really important here, So instead of saying increase sales,
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  Speaker 2: say implemented x process which led to an increase of
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  Speaker 2: sales by x percent between y to z.
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  Speaker 3: Bonus tip.
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  Speaker 2: Put this information in a presentation which you could make
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  Speaker 2: for free with a tool like Canva, with examples, charts,
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  Speaker 2: and key numbers to clearly communicate your wins. Number three
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  Speaker 2: practice your pitch. Practice saying it out loud yes, in
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  Speaker 2: front of a mirror or with a friend can feel
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  Speaker 2: a little bit awkward, but asking for a pay rise
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  Speaker 2: can be nerve racking and confidence is key and will
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  Speaker 2: help communicate how serious you are.
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  Speaker 4: Okay.
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  Speaker 1: Our second tip on how you can earn more money
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  Speaker 1: in twenty twenty five is investing. So let's talk about
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  Speaker 1: growing your money. According to a study by nerd wallet,
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  Speaker 1: forty eight percent of women have money invested in the
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  Speaker 1: stock market, compared to sixty six percent of men and
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  Speaker 1: a no. Investing can sound and does sound really scary
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  Speaker 1: and confusing, but.
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  Speaker 4: It doesn't have to be at all.
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  Speaker 1: So let's break it down into three super simple steps.
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  Speaker 4: Start small.
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  Speaker 1: You do not need thousands to get started. Apps like
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  Speaker 1: Raise or spaceship yep, they're Aussie friendly make it super
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  Speaker 1: easy to begin with just a few dollars.
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  Speaker 4: This is a great way to learn.
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  Speaker 1: The basics of investing without the risk of losing a
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  Speaker 1: lot of money. Sometimes we look at investing and there's
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  Speaker 1: definitely this image of finance bros that are just like,
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  Speaker 1: you know, from a billionaire family, that are like being like, yeah,
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  Speaker 1: I've got Treys and Apple streaming on all stream. Yeah literally,
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  Speaker 1: and you just because you don't see yourself in that picture,
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  Speaker 1: it's hard to see yourself investing. But there are so
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  Speaker 1: so many simple and small ways to get started, and
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  Speaker 1: it's about learning the basics, so you don't need to
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  Speaker 1: be a finance expert to get into investing, and there
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  Speaker 1: are so many free, amazing resources online, including a couple
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  Speaker 1: of our favorite podcasts like The Get Rich Slow Club,
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  Speaker 1: Equity Mates, and of course She's on the Money.
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  Speaker 4: We'd also recommend.
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  Speaker 1: Adding a couple books to your reading if you're serious
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  Speaker 1: about starting your investing journey, So investing with She's on
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  Speaker 1: the Money by Victoria Devine, Girls That Invest by simran
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  Speaker 1: Core and How Do Not Work Forever? Start investing and
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  Speaker 1: building a life, And last, but not least, think long
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  Speaker 1: term investing isn't about getting rich overnight.
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  Speaker 4: It's about building wealth over time.
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  Speaker 1: It's the slow game for sure, but I think it
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  Speaker 1: will pay off well in the end, So start now
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  Speaker 1: and your future self will thank you seriously.
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  Speaker 4: Compound interest is like magic.
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  Speaker 1: I love seeing those comparisons from you know pages like
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  Speaker 1: Girls that Invest and Cheese on the Money, and it
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  Speaker 1: shows the difference of the amount that you would earn
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  Speaker 1: when you put money in your savings over time versus
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  Speaker 1: when you put money in investing and what you would
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  Speaker 1: get over like forty years. And every time I see that,
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  Speaker 1: I'm like.
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  Speaker 2: Fuck, I God, I'm.
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  Speaker 1: But a pro tip is to automate it so set
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  Speaker 1: up a direct deposit into your investment account and it's
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  Speaker 1: like paying your future self on autopilot. Love it, we love,
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  Speaker 1: we love things. Your future self will thank you for
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  Speaker 1: lazy girl money hack.
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  Speaker 4: Yes.
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  Speaker 2: Our third tip to boost your finances in twenty twenty five.
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  Speaker 3: Simple side hustles.
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  Speaker 2: The gig economy is booming, and it has actually never
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  Speaker 2: been easier to earn some extra cash on the side.
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  Speaker 3: According to research by go.
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  Speaker 1: Daddy, slay best names play quick, shout out.
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  Speaker 3: Yeah, I'm bad, I'm mad.
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  Speaker 4: They got the name first.
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  Speaker 3: I know slay.
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  Speaker 2: According to research by go Daddy, sixty one percent of
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  Speaker 2: oussie entrepreneurs are running their side hustle businesses alongside their
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  Speaker 2: full time jobs, and the majority spent less than ten
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  Speaker 2: hours a week running their side hustle venture. Yet more
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  Speaker 2: than half made at least five hundred dollars a month,
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  Speaker 2: and one in five made more than two five hundred
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  Speaker 2: dollars per month. That's so good, yeah, which is really
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  Speaker 2: cool because it shows you don't have to give up
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  Speaker 2: your full time gig to pursue a side hustle, or
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  Speaker 2: it doesn't have to take up a lot of extra
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  Speaker 2: time if you are working full time as well. So
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  Speaker 2: what side hustles can we do in twenty twenty five?
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  Speaker 2: Here are three side hustles that can help you earn
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  Speaker 2: some extra cash in the new year. Number one freelancing,
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  Speaker 2: So if you've got skills in writing, social media, graphic design,
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  Speaker 2: that's just a couple. Sites like air tasker or fiber
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  Speaker 2: are amazing for finding gigs. All you have to do
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  Speaker 2: is set your rates and you're off. It's so easy.
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  Speaker 1: I saw a TikTok of these two girls that were
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  Speaker 1: having a sleepover and they were bored, so they just
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  Speaker 1: started doing errands or air Tasker. Yeah, they would have
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  Speaker 1: picked up someone's like, hey, your table and got like
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  Speaker 1: one hundred and fifty bucks for it. So good. I'm
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  Speaker 1: so mad I didn't do this when I was like
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  Speaker 1: living with my girl roommates. M was that little side
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  Speaker 1: hustle get a cocktail after? Yeah?
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  Speaker 2: I love that, But also I love that that it
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  Speaker 2: can be so flexible, like you don't have to have
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  Speaker 2: time aside every single week or day to work on
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  Speaker 2: your side hustle. It can be like that you can
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  Speaker 2: be like, oh, you know what, actually I do have
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  Speaker 2: a free Sunday.
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  Speaker 3: Let's look on air Tasker.
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  Speaker 2: Yeah, and just put that money away. It's such an
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  Speaker 2: easy win. Number two selling products. Whether you're into making
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  Speaker 2: gorgeous jewelry or you want to start a drop shipping business,
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  Speaker 2: sites like Etsy or Shopify can help you turn your
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  Speaker 2: creativity into.
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  Speaker 1: A cash, go hard cash.
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  Speaker 2: Maybe. Number three teaching or tutoring. If you have a
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  Speaker 2: knack for explaining things, whether it's maths or tutoring or
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  Speaker 2: yoga classes, apps like class, Bento or even Zoom make
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  Speaker 2: it so easy to connect with people who want to
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  Speaker 2: learn from you.
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  Speaker 1: So we actually collected a bunch of top side hustles
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  Speaker 1: and the average wage per hour according to Prepley, and
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  Speaker 1: I was very pleasantly surprised by these wages. So a
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  Speaker 1: removalist is ninety six dollars and fifteen cents, delivery driver
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  Speaker 1: sixty nine dollars and seventy one cents, freelance writer forty
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  Speaker 1: five dollars and sixty seven cents, handymans thirty eight dollars
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  Speaker 1: and forty six cents. But in the thirties range there
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  Speaker 1: was also dog walker, gardner cleaner, and then in the
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  Speaker 1: mid to high twenty dollars per hour range was also
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  Speaker 1: uber driver, freelance designer and blogger. So there's so many
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  Speaker 1: things that you can do with that spare time, or
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  Speaker 1: if you just want to kind of find something that
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  Speaker 1: aligns a little bit more to your passions or creative flare.
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  Speaker 2: Yeah you're creative flair, creative flare.
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  Speaker 1: But I think the main thing with this is don't
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  Speaker 1: overwhelm yourself. Side hustles are supposed to be exactly what
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  Speaker 1: that is, like a side dish on the side, So
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  Speaker 1: make it small, make it doable. But as with all
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  Speaker 1: things I feel related with money, it's just starting and
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  Speaker 1: just setting it up, even if that's just setting up
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  Speaker 1: your abn as a soul trader is the hardest step.
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  Speaker 1: And once you get that like little bit of an
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  Speaker 1: avalanche going with this stuff, it.
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  Speaker 4: Takes off by itself. Yeah.
• 13:52
  Speaker 2: And to finish, here is the Master Money's Hip presented
• 13:55
  Speaker 2: by our sponsor MasterCard, that we want you to walk
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  Speaker 2: away with. There are plenty of ways to make money
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  Speaker 2: beyond your nine to five paycheck. As well as asking
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  Speaker 2: for what you deserve and saying it with chest, you
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  Speaker 2: can search for ways to make passive income, such as
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  Speaker 2: investing or flexing your skills.
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  Speaker 3: To make some extra money on the side. Hello, new site, Hustle.
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  Speaker 2: The important thing to remember is that it's all about
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  Speaker 2: progress and every extra dollar earned will.
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  Speaker 3: Add up over time.
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  Speaker 4: Well, there you have it, cheecks.
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  Speaker 1: That's it for episode two of Today's financial glow up,
• 14:29
  Speaker 1: the twenty twenty five Reset. If you found this be helpful,
• 14:32
  Speaker 1: please share it with a friend who could also do
• 14:34
  Speaker 1: with some cheeky tips on how to earn some extra
• 14:37
  Speaker 1: cash in twenty twenty five.