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6 Rich People Life Habits · 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. This episode of Two broad Chicks
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Speaker 1: is sponsored by Shotback. We quite literally never make a
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Speaker 1: our next trip, or buying our morning coffee, literally it
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Speaker 1: is our life's goal to earn cash back on every
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Speaker 1: dollar that we can. So keep listening to get our
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Speaker 1: code to get your twenty dollars sign up cash Back
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Speaker 1: Offer Pay Chicks, I'm out. And this is Two Broach Chicks,
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Speaker 1: the show that shares life lessons and tips to help
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Speaker 1: make you rich in life. And today we're sharing habits
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Speaker 1: that rich people have because fake it to make it
1:02
Speaker 1: baby right. But before we get into it, we always
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Speaker 1: share our obsession of the week.
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Speaker 2: Okay, my obsession of the week is a budget beauty
1:13
Speaker 2: buy from Big W to many bees. Budget beauty buye
1:16
Speaker 2: from Big W and it's from the brand Kind Collective
1:20
Speaker 2: and it's their glow up stick skin Adaptive so good.
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Speaker 1: So I think it.
1:26
Speaker 2: Comes in three different shades, but the one that I've
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Speaker 2: tried and really like is Matchmaker and it's like a
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Speaker 2: hot pink match.
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Speaker 1: Maker, match Maker, make me match? What's bubby even? Catch
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Speaker 1: me Catch? It's from missus Stoutfei and the scene when
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Speaker 1: he's dressed as like the old lady with the scarf
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Speaker 1: around his head and the brother's there and they're match Baker, Baker,
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Speaker 1: make me a match. So hopefully the shade was inspired
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Speaker 1: by the iconic moment in pop culture.
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Speaker 2: But yees, so it's sixteen dollars and it reminds me
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Speaker 2: of the milk makeup Jelly Blush, which is forty four dollars,
2:07
Speaker 2: so it's like bit deep votes. Yeah, I think so, Like,
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Speaker 2: I feel like it doesn't have that same jelly sort of.
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Speaker 1: Yeah, I haven't tried the jelly milk makeup one. Have
2:18
Speaker 1: you tried it? Yeah?
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Speaker 2: And I feel like they're pretty similar. It's good, but
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Speaker 2: I really like it.
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Speaker 1: I feel like it's great if you're getting into your
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Speaker 1: Sabrina Carpenter super rouged blush cheeks, I have to give
2:30
Speaker 1: it a redd. Yeah, what's yours? Mine is two and
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Speaker 1: my first one is our live show. We just had
2:41
Speaker 1: our first ever fucking live show called The Group Chat Tour,
2:45
Speaker 1: and oh my god, best night of my life ever.
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Speaker 1: It was incredible, Like truly, I have no words, Like
2:55
Speaker 1: Sala and I have been so excited but also so nervous,
3:00
Speaker 1: like we just still feel like two little baby girls,
3:03
Speaker 1: like living the dream. So to just see people in person,
3:08
Speaker 1: see the chicks in person, and spend a night with
3:10
Speaker 1: them was just an absolute dream. Like everyone loved their
3:14
Speaker 1: goody bags, and I was so nervous, Like I was
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Speaker 1: so ridiculously nervous that I was like, what if people
3:19
Speaker 1: don't feel like they're enough? Yeah, I was like, and
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Speaker 1: then as soon as I saw people with them, I
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Speaker 1: was like, why are we like this? I was like,
3:26
Speaker 1: they're so bored? And just like all the chicks that
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Speaker 1: we met were just so beautiful and nice, and I
3:31
Speaker 1: just felt so proud to have like the best audience ever.
3:36
Speaker 1: I know, like our community is just full of really
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Speaker 1: beautiful people inside and out.
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Speaker 2: The energy that you chicks brought to the show really
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Speaker 2: made yeah night, Like everybody was just like laughing, hooting
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Speaker 2: and hollering.
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Speaker 1: Yeah, like yeah, I kind of can't wait to do
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Speaker 1: it again. Same like I think maybe twenty twenty five,
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Speaker 1: we've got to look at a Australia wide tour. Please come.
4:02
Speaker 1: But Yeah, it was just the best. And of course
4:04
Speaker 1: we have to say huge shout out to every single
4:07
Speaker 1: person that helped with the setup for the show. We
4:10
Speaker 1: are so grateful. We couldn't have done it without you.
4:13
Speaker 1: And also all of our amazing sponsors who contributed to
4:17
Speaker 1: the goodie bags and that made those possible because that
4:21
Speaker 1: was a lot of hard work for every single person
4:24
Speaker 1: who was involved, and across the board it seems like
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Speaker 1: you chicks absolutely love the goodie bags. So yeah, shout
4:30
Speaker 1: out to our sponsors of the show too, especially our
4:32
Speaker 1: manager Ash who just navigated seventy two hundred billion products
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Speaker 1: our Chikys that we couldn't do any of this without her,
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Speaker 1: so oh my god. Yeah, best known of our lives
4:43
Speaker 1: so far. Oh my god. My second obsession of the
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Speaker 1: week is actually a candle, this one that was sent
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Speaker 1: to us from Glasshouse. It's called pumpkin pie. Oh my god.
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Speaker 1: If you are like a spooky in girlie who loves
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Speaker 1: watching like practical magic and hocus Pokers, this candle is
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Speaker 1: amazing for two reasons. One, it smells amazing. It doesn't
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Speaker 1: smell like pumpkin before you freak out, That's what at
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Speaker 1: first I was like. Okay, and then I smelled it
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Speaker 1: and I was like, oh my god. And the other
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Speaker 1: thing is that it's black, right, So the glass of
5:21
Speaker 1: the candle is black, so when you look at it
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Speaker 1: from the side with the orange flame, with the black glass,
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Speaker 1: it looks like the black flame candle from hocus polkis.
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Speaker 1: So those are my obsessions. I love it. I literally
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Speaker 1: am obsessed with this candle. I once seventeen fabulous, give
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Speaker 1: me fourteen of them. Anyway, let's get into the episode
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Speaker 1: habits that rich people have, because if you just start
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Speaker 1: living like a rich person, it's all going to start
5:54
Speaker 1: it's all going to start falling into a place. And
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Speaker 1: these are both lifestyle habits and money how because it
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Speaker 1: does take both of them. You do have to make
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Speaker 1: lifestyle changes and financial changes in order to see an
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Speaker 1: overall like level up in both of these aspects. Yeah, exactly,
6:14
Speaker 1: it's like a lifestyle.
6:15
Speaker 2: I think that's why they say that people have different
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Speaker 2: money personalities, because it really is a personality which I
6:22
Speaker 2: think you can shift and adapt and change.
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Speaker 1: So if you don't do these things, that's why we're
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Speaker 1: sharing them with you. Oh yeah, Like we are also
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Speaker 1: trying to embody half of these exactly. Still a journey, yeap,
6:35
Speaker 1: it's all journey. It's all a rich tapestry, a rich history.
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Speaker 1: Hit us off, wait, kick us off, jack us off,
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Speaker 1: beat us off. Oh my god, jump in quickly before
6:49
Speaker 1: I keep going. Okay, our first habit being cash broke.
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Speaker 1: Have you ever heard of this? I haven't, so I
6:56
Speaker 1: need you to explain it to me. Okay, So the
6:59
Speaker 1: term cash broke refers to people who don't leave their
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Speaker 1: finances lying dormant. So instead instead of leaving your money
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Speaker 1: just lying dormant in a bank account, being cash broke
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Speaker 1: would refer to putting your money in a high interest
7:14
Speaker 1: savings account, investing, or perhaps injecting it into your own
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Speaker 1: business or assets. So with this kind of money in
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Speaker 1: money out ideology, your money should be working for you
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Speaker 1: at all times. Whereas if you have a lot of
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Speaker 1: money just sitting in a bank account, of course that's
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Speaker 1: your cash rich. That's straight, but your cash rich. But
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Speaker 1: it's not work. It's not doing anywhere. That's it. It's
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Speaker 1: not doing it. It doesn't have any further potential to grow
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Speaker 1: without you just having to add more money in. So
7:52
Speaker 1: I will say that you know, we do understand that
7:54
Speaker 1: it can be difficult to even get enough money to
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Speaker 1: pay for your essentials in a cost of living crisis,
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Speaker 1: let alone finding extra money to put towards like an
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Speaker 1: investment property or assets or you know, investing. However, I
8:10
Speaker 1: do think that this is an ideology that we can
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Speaker 1: all embrace to some level, no matter where we're sitting
8:17
Speaker 1: on the financial spectram. So even if it is when
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Speaker 1: you get your paycheck putting a percentage of that into
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Speaker 1: a high interest savings account or learning how to invest
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Speaker 1: by investing five dollars into an ETF, like, you don't
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Speaker 1: have to be investing huge amounts of money into a
8:36
Speaker 1: business to embody being cash broke. I think it's just
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Speaker 1: thinking about how your money can work for you and
8:44
Speaker 1: not just letting it sit there. The first step in
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Speaker 1: this is learning how to save, and that probably only
8:52
Speaker 1: took to being in my late twenties to when I
8:55
Speaker 1: actually was like, okay, I feel like I can actually
8:58
Speaker 1: I feel like I was doing this podcast that is
8:59
Speaker 1: actually what made me better with handling my money. Oh
9:01
Speaker 1: my god. We would interview people and I'd be like shit, fuck, okay, yeah,
9:06
Speaker 1: and then that's like the first step. So if you're
9:09
Speaker 1: not even saving yet, it's okay, don't feel bad. But
9:12
Speaker 1: once you start getting up, try to avoid the lifestyle
9:14
Speaker 1: creep of just spending more but putting those increases in
9:18
Speaker 1: your pay or whatever it is away. And then once
9:21
Speaker 1: you kind of get that emergency fund and that's good,
9:24
Speaker 1: then you can kind of start looking at things like
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Speaker 1: investing and stuff. Would you say, yeah, great, I think so.
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Speaker 1: I think it's just putting in those habits, even as
9:32
Speaker 1: small as they can be, to build that habit because
9:35
Speaker 1: as we always say, like just because you start earning
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Speaker 1: more money, that doesn't mean that you become better with
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Speaker 1: your money. So it's all about starting those habits as
9:42
Speaker 1: early as possible. Even a high interest savings account, Yeah,
9:46
Speaker 1: that's a super super easy one. And to find one
9:49
Speaker 1: it is as simple as literally going into Google and
9:53
Speaker 1: typing in high interest savings account for someone in their
9:56
Speaker 1: twenties or whatever age. Because there are so many banks
9:59
Speaker 1: that do target young Australians because they want to get
10:02
Speaker 1: you as a customer when you're young and then they
10:05
Speaker 1: keep you for the rest of your life. But don't
10:07
Speaker 1: do that, because you can compare and save. I should
10:09
Speaker 1: probably look at change in mind, you know, So what
10:12
Speaker 1: can you give me, all right, next habit valuing their time.
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Speaker 1: We all know the old saying time is money, and
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Speaker 1: I think with this habit, we're encouraged to outsource things
10:24
Speaker 1: where it makes sense for you. And there's also saying
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Speaker 1: the saying that you have to spend money to make money.
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Speaker 1: I hate that, by the way. I know it's annoying,
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Speaker 1: but it's true. Hey, it scary, it is.
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Speaker 2: But for example, let's say that you have a small
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Speaker 2: business and you're building a website you need to toss up.
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Speaker 2: Would it make sense for you to upskill and learn
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Speaker 2: how to do that in the long run if you
10:52
Speaker 2: have an interest there, or is it better for you
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Speaker 2: to outsource that job to a professional website builder who
10:59
Speaker 2: knows exactly what they're going to do it in the
11:01
Speaker 2: most efficient way, in the best way that's going to
11:04
Speaker 2: perform the best for your business. So it's like, while
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Speaker 2: you're spending money to get the task done, you're getting
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Speaker 2: back time and productivity in return by not like fiddling
11:16
Speaker 2: around with code in the back of a website when
11:18
Speaker 2: you don't know what you're doing. Again, in this instance,
11:21
Speaker 2: that really depends on your values because someone might be like, oh,
11:24
Speaker 2: but isn't it better if you know how to run
11:26
Speaker 2: your own website and you can do it all yourself.
11:28
Speaker 2: I think that really depends on what sort of role
11:30
Speaker 2: you'd want to have in your business, and.
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Speaker 1: This is just one example. I do think consistently though,
11:35
Speaker 1: when you look at really successful CEOs and founders whenever,
11:42
Speaker 1: like one of them biggest tips is to delegate. It
11:46
Speaker 1: is to find people and hire people that know more
11:49
Speaker 1: than you do exactly. So I actually do think it
11:52
Speaker 1: is within your best interest to find those things that
11:54
Speaker 1: you don't know how to do. And upscilling is definitely
11:57
Speaker 1: a massive part of you know, rich people habits, but
12:01
Speaker 1: there is expertise that you don't need to be an
12:03
Speaker 1: expert in, you know, and finding people that do know
12:07
Speaker 1: how to do things better than you is like about
12:09
Speaker 1: building trust and investing your money to get a higher
12:13
Speaker 1: return back. So I actually agree. Like I again, people
12:17
Speaker 1: probably would disagreeah and be like, you'll save so much
12:20
Speaker 1: money just learning how to do it yourself. That's not
12:23
Speaker 1: sustainable in the long run if things go the way
12:26
Speaker 1: that you want it to. If you say you're working
12:28
Speaker 1: on a side hustle or whatever, you're not going to
12:30
Speaker 1: have time to be like, oh the website's down log on, Like, no,
12:35
Speaker 1: you need people as a team that are there to
12:37
Speaker 1: do it for you, not necessarily full time. That's what
12:39
Speaker 1: freelancers and contractors are for, baby, exactly, it's what outsourcing
12:43
Speaker 1: is all about. A task adole. Yes, but that's the thing,
12:46
Speaker 1: Like you can get more money, you can't get your
12:50
Speaker 1: time back exactly. There's no returns and refunds on your time,
12:55
Speaker 1: So you might as well spend your time one doing
12:57
Speaker 1: what you enjoy, two doing it deductively, and three not procrastinating. Yes,
13:03
Speaker 1: and that comes into like the second half of this
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Speaker 1: that I feel like we've said this before, but time
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Speaker 1: is the most expensive currency. It literally is the most
13:13
Speaker 1: expensive form of currency. It's the most universal form of
13:16
Speaker 1: currency because the way you spend your time, you can't
13:19
Speaker 1: get it back. And so not only is this habit
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Speaker 1: about outsourcing and ensuring you're spending your time currency well,
13:26
Speaker 1: but it's about how you do it for yourself too.
13:29
Speaker 1: So for example, like let's say going along with that example,
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Speaker 1: it's like that person's doing the website, Okay, now what
13:35
Speaker 1: are you doing? And it's identifying the ways that you
13:38
Speaker 1: can spend your time that is the most productive, not
13:41
Speaker 1: all the time, because I feel like it's a bit
13:43
Speaker 1: of a toxic mindset to think that you've got to
13:45
Speaker 1: be productive all the fucking time. If you think you
13:49
Speaker 1: need to be productive all the time, you will never
13:51
Speaker 1: be productive because you have to rest, You have to
13:55
Speaker 1: have time to switch off, because then those hours that
13:59
Speaker 1: time that you focused, you'll be ten times better. If
14:02
Speaker 1: you're productive seventy to sixty percent of the time, that
14:07
Speaker 1: is a lot better than trying to be productive one
14:09
Speaker 1: hundred percent at the time without doubt. And I have
14:12
Speaker 1: really only learned that like this, yeah, and it's a
14:15
Speaker 1: working progress. It is a work in progress, but like
14:18
Speaker 1: use a planner, prioritize high impact activities, delegate tasks lightly above,
14:24
Speaker 1: say no to low priority tasks. That is something that
14:27
Speaker 1: we struggle with so much because we like the most
14:30
Speaker 1: toxic trait is becoming a yes person, Like you need
14:33
Speaker 1: to be able to say no to things that do
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Speaker 1: not take priority. Like when Sala and I log on
14:37
Speaker 1: every day and we send our lists, like sal will
14:39
Speaker 1: send her list and I will be like, get this off,
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Speaker 1: Like that is not a priority today, Do it another day.
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Speaker 1: It's going to stress you out just by being on
14:46
Speaker 1: your list. Yeah, set boundaries to protect your time and
14:50
Speaker 1: focus on what brings you joy. I think as well
14:53
Speaker 1: that setting boundaries is that thing of being like, Okay,
14:55
Speaker 1: do you know what? I could do this now, but
14:57
Speaker 1: I also could do it tomorrow. I want to do
15:00
Speaker 1: this now, even if it's like a social thing, you know.
15:03
Speaker 1: So some other ways that you can build upon spending
15:06
Speaker 1: your time wisely, because like we said before, creating to
15:10
Speaker 1: do this or dopamine menus will be bringing out our
15:13
Speaker 1: rich in Life Planner and journal in a couple of
15:17
Speaker 1: weeks now at two weeks, and we've actually updated this
15:20
Speaker 1: to be built out via dopamine menus. So you're breaking
15:23
Speaker 1: it down with like fifteen minute tasks, one hour tasks,
15:26
Speaker 1: and you can use the seventy rule. So this means
15:30
Speaker 1: your goal is not to get one hundred percent of
15:32
Speaker 1: your daily task done, but seventy percent. And I think
15:35
Speaker 1: when you attack it like that, you're going to prioritize
15:38
Speaker 1: your shit a lot more. You know, just writing stuff down,
15:40
Speaker 1: and sometimes we write to do lists to make ourselves
15:44
Speaker 1: feel better. Yeah, we get the dopamine hit by writing
15:47
Speaker 1: a really long list being like, wow, I'm going to
15:49
Speaker 1: do all of this. I'm so productive, and then you
15:52
Speaker 1: don't do it and then you feel like shit, yeah exactly, yeah,
15:55
Speaker 1: so use the seventy rule. And then I saw this
15:59
Speaker 1: other tier which I fucking love this, and it's a
16:03
Speaker 1: say a do it now affirmation, So it's a self
16:07
Speaker 1: nagging technique and you repeat the words do it now
16:12
Speaker 1: over and over again until you start whatever you're avoiding.
16:16
Speaker 1: Oh my god. So if you're like, you know how,
16:18
Speaker 1: the one thing that we all hate doing is like
16:20
Speaker 1: sending that email that will actually take five minutes, and
16:23
Speaker 1: so you're just sitting there going do it now, do
16:25
Speaker 1: it now? Do it now? Do it now? Do it now?
16:27
Speaker 1: Until you actually and then you're like, fuck, that's annoying. Yeah,
16:29
Speaker 1: and then you go and do it. I really like that,
16:32
Speaker 1: hap Yeah, And I kiss myself off with that. Yeah,
16:35
Speaker 1: that's the thing you're know your having to doing it.
16:37
Speaker 1: It's probably not very positive, but it it's predictive. And
16:41
Speaker 1: then the last one, which is my personal favorite, and
16:43
Speaker 1: it's probably like definitely for spicy brain people, as our
16:47
Speaker 1: friend Gem recommends, but it's have accountability partners, so there
16:52
Speaker 1: are people that you team up with to pursue a
16:54
Speaker 1: big goal. But I actually don't even think it needs
16:56
Speaker 1: to be a big goal. Like if there's something even
16:58
Speaker 1: small that you just like, jump on zoom with a colleague.
17:02
Speaker 1: You can work for an hour just on zoom. You're
17:03
Speaker 1: not even necessarily talking, but it's like that's something to
17:07
Speaker 1: do all Like my partner and I always clean the
17:09
Speaker 1: apartment at the same time together because you're so much
17:13
Speaker 1: more productive and accountable when you're doing it with another person.
17:17
Speaker 1: So yeah, that's yeah. I love my three little three
17:20
Speaker 1: little tippotoos ooho tiboos. So our next habit that rich
17:26
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Speaker 1: A lot of people also ask how do I actually
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Speaker 1: be including them in the cheat sheet for when you
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Speaker 1: can get upsized cash back offers, so definitely make sure
20:14
Speaker 1: that you check that out. I know, big plugs, but
20:17
Speaker 1: we cannot recommend it enough. It truly is like our
20:20
Speaker 1: favorite thing in the whole white world. Honestly. Yeah, shot
20:24
Speaker 1: Back is the true third Road chick. Yeah. I love that. Yeah,
20:29
Speaker 1: and make sure to keep listening until the end of
20:31
Speaker 1: the episode to get our cheeky little code so you
20:34
Speaker 1: can get a twenty dollars sign up bonus. Should we
20:36
Speaker 1: see should we see how much cashback I've earned. Okay,
20:39
Speaker 1: so my lifetime earnings is one thousand, six hundred and
20:43
Speaker 1: two dollars. Wow, it's not bad. Gaws, that's so good,
20:48
Speaker 1: so good. Okay. Our next habit that rich people have
20:51
Speaker 1: is to invest in yourself, invest in your personal and
20:57
Speaker 1: professional development. I think it's super easy to fall into
21:00
Speaker 1: focusing only on one of these rather than both, because
21:05
Speaker 1: it can feel like really overwhelming to be focusing on both.
21:08
Speaker 1: But it's more about finding that one simple task per
21:12
Speaker 1: day to improve both aspects. So one habit that fits
21:18
Speaker 1: into both categories. So it's like two birds one stone,
21:21
Speaker 1: which is a terrible saying, I know, I always think that, Yeah,
21:27
Speaker 1: I really see the visual that makes it feel like, say, anyway,
21:31
Speaker 1: two birds, one packet of seed pellets to share you're afraiko,
21:36
Speaker 1: I love you. So one habit that fits into both
21:39
Speaker 1: of these is the ability to seek advice. So whether
21:43
Speaker 1: that is from a manager, a friend, an online creator
21:47
Speaker 1: that aligns with your values, or an author. The richest
21:51
Speaker 1: people in the world never stop learning. People that always
21:53
Speaker 1: feel they have something more to learn are truly the
21:56
Speaker 1: richest people in the world. Absolutely, yeah, to gain everything.
22:00
Speaker 3: But how fun is life when you get to learn
22:02
Speaker 3: stuff every day, and it's not necessarily like maths, but
22:06
Speaker 3: like just how to have fun or the music you like,
22:10
Speaker 3: or learning new hobbies or languages or instruments, whatever it is.
22:13
Speaker 1: Yeah, it's just like being willing to open yourself up
22:16
Speaker 1: to learn new things and ask questions because I think,
22:19
Speaker 1: like you said in a recent episode, a lot of
22:22
Speaker 1: us feel embarrassed to ask a question when we don't
22:24
Speaker 1: know something, but that is so empowering when you do
22:28
Speaker 1: unlock that. Yeah, being rich in curiosity. H like that, Okay,
22:33
Speaker 1: And then our next one, which don't hate me this one.
22:40
Speaker 1: I don't think many people are gonna like. But getting
22:43
Speaker 1: up early. So I know this doesn't sound appealing, but
22:49
Speaker 1: it is probably one of the most common threads across
22:52
Speaker 1: really successful humans like Michelle Obama and a Winter and
22:57
Speaker 1: Christiana getting up early is commonly as a piece of
23:01
Speaker 1: the success puzzle that it's a bit of a joke
23:05
Speaker 1: at this point, but I'm like, I don't want to,
23:07
Speaker 1: but I know, I think we spoke about this recently too.
23:11
Speaker 1: But this year is probably the first year in my
23:15
Speaker 1: life that I have not woken up at like eight
23:19
Speaker 1: o'clock and had to physically drag myself out of bed.
23:22
Speaker 1: Like I get up at seven, which is by no
23:25
Speaker 1: means early compared to these people, like they get up
23:27
Speaker 1: at four thirty. I know, if that ever becomes me,
23:31
Speaker 1: take me away. Yeah, take me. If I start telling
23:34
Speaker 1: people to wake up at four thirty, you know, I've
23:37
Speaker 1: been replaced with a robot. It's not me. But I
23:40
Speaker 1: do think there is something in waking up early, because
23:44
Speaker 1: it means your whole life isn't revolving around just getting
23:46
Speaker 1: up and going to work, like you actually get to
23:48
Speaker 1: live a little bit of a life. Plus in the morning,
23:50
Speaker 1: you're so much more productive. And when you rise earlier,
23:54
Speaker 1: it means you rest earlier too, and you're getting your
23:57
Speaker 1: seven to nine hours of sleep. And I definitely have
24:00
Speaker 1: started doing that. I used to wake up with like
24:01
Speaker 1: eight and then or maybe sometimes nine if I was
24:04
Speaker 1: working from home, and then I would open to laptop
24:08
Speaker 1: in bed and I would say I'm online. And then
24:11
Speaker 1: if I didn't have a meeting, I maybe would go
24:13
Speaker 1: back to sleep and then wake back up, but it
24:16
Speaker 1: would be because I was staying up till like midnight
24:19
Speaker 1: every night and going to bed maybe at like one,
24:21
Speaker 1: Like I remember when we worked it up old jobs
24:24
Speaker 1: and if I was working from home the next day,
24:27
Speaker 1: I would treat it like a Friday night because I
24:30
Speaker 1: was like, oh, I get to sleep until nine yeah,
24:32
Speaker 1: which is like we'll not cold, but like not good
24:37
Speaker 1: for your brand. Yeah, this is an actual thing. So
24:41
Speaker 1: it's called revenge bedtime procrastination, and it's the act of
24:47
Speaker 1: deliberately putting off sleep in favor of leisure activities like
24:51
Speaker 1: watching Netflix or scrolling on TikTok that provide short term
24:55
Speaker 1: enjoyment but few long term life benefits. And it's been
25:00
Speaker 1: because if you are waking up late and then going
25:03
Speaker 1: straight to work, you feel resentful about how you have
25:07
Speaker 1: to spend your time because then you get home from
25:09
Speaker 1: work or you shut your laptop and you're like, great,
25:12
Speaker 1: now I've got a cook dinner. Now I've got to
25:13
Speaker 1: clean up. Now I've got to do my life admin. No,
25:15
Speaker 1: I don't want to go to bed at ten o'clock.
25:18
Speaker 1: I want to scroll on TikTok, I want to watch
25:21
Speaker 1: this show on Netflix.
25:22
Speaker 2: I deserve this, So, out of some form of revenge
25:26
Speaker 2: and spite, you stay up later.
25:28
Speaker 1: To do those things. It feels so validated and you
25:31
Speaker 1: only self sabotage yourself. Will A lot of people do this, yeah,
25:35
Speaker 1: and I'd like still sometimes do it. I definitely think
25:39
Speaker 1: I've strayed away from it, but every now and again, Yeah,
25:41
Speaker 1: which is fine, Yeah, totally.
25:44
Speaker 2: But I also think it's good to put a name
25:46
Speaker 2: to it, yeah, because then you're like, no, I am
25:50
Speaker 2: revenge procrastinating right now?
25:52
Speaker 1: Ah, God damn. Okay. And our last one is they
26:02
Speaker 1: don't have debt now. I know that this is definitely
26:08
Speaker 1: a tricky thing to navigate, and I also want to
26:12
Speaker 1: half kind of normalize it in a way, not in
26:16
Speaker 1: a way that I think we should be, you know,
26:18
Speaker 1: going out and getting loans for those moments, but it's
26:21
Speaker 1: more for anyone listening that is in that situation. I
26:25
Speaker 1: think a lot of people are in that situation because
26:27
Speaker 1: of the cost of living and because financial education is
26:31
Speaker 1: not as as freely given as it should be. Like
26:34
Speaker 1: you were not taught this shit in school, and it's
26:39
Speaker 1: really really tricky and we're not taught as well, the
26:42
Speaker 1: ramifications of loans and debts and things like that. Yeah,
26:45
Speaker 1: And it's a lot of the lesson comes from the hindsight. Yeah,
26:50
Speaker 1: And I think as well, like saying they don't have debt.
26:53
Speaker 1: We're being very general here. Yeah, there is a difference
26:56
Speaker 1: between type. So I'm going to good debt bad debt,
26:59
Speaker 1: but we'll get it into that. Yeah. So, good debt
27:02
Speaker 1: is typically characterized by its potential to increase your net
27:05
Speaker 1: worth or generate long term income, with common examples being
27:09
Speaker 1: mortgages to buy a house, student loans, and investment loans,
27:13
Speaker 1: whereas bad debt, on the other hand, typically involves borrowing
27:16
Speaker 1: to purchase depreciating assets or consumption items that lose value
27:20
Speaker 1: quickly and do not generate long term income. Examples of
27:24
Speaker 1: bad debt can sometimes include credit cards, car loans, and
27:28
Speaker 1: payday loans. So that's kind of how like, I've got
27:32
Speaker 1: a ten thousand dollars loan in my student debt, But
27:35
Speaker 1: that's good debt because apparently it's no it is, you know,
27:41
Speaker 1: like it's you are investing in yourself, which is what
27:45
Speaker 1: I think does play a really high role in these numbers.
27:48
Speaker 1: Because I looked up on Statista and which I fucking
27:52
Speaker 1: love that name every time to say that, every time
27:56
Speaker 1: we pull a stat from stas want to be like,
28:00
Speaker 1: ow good. It really sounds like a drag name. I'm
28:06
Speaker 1: like welcome to the stage.
28:07
Speaker 2: Statista, drag name Karen and finance No no no.
28:12
Speaker 1: When we're in Greece, Spanky Coppita.
28:15
Speaker 2: Oh yeah, we said that my boyfriend's drag name would
28:18
Speaker 2: be Spanky Coppeta, like Spanic Copta, because he's Greek.
28:21
Speaker 1: Anyway, we digress anyway. The average value of personal debt
28:24
Speaker 1: in Australia in twenty twenty three by generation baby Boomers
28:28
Speaker 1: was four thousand, eight hundred and forty two. Jen X
28:32
Speaker 1: was eight thousand, five hundred and forty five, Millennials was
28:36
Speaker 1: ten thousand, nine hundred and forty four, and the largest
28:40
Speaker 1: was jen Z with eleven thousand, three hundred and twenty one.
28:45
Speaker 1: But I reckon a really large part of that would
28:48
Speaker 1: be student debt. I do think probably a large part
28:52
Speaker 1: of it would be by now pay later services, and
28:55
Speaker 1: another part would be like baby boomers have had a
28:57
Speaker 1: longer time to pay off any debts. Yeah, they may have.
29:00
Speaker 1: There was a report from Finder that said the average
29:03
Speaker 1: Australian household debt is two hundred and sixty one four
29:07
Speaker 1: hundred and ninety two as of December twenty twenty two.
29:10
Speaker 1: But a large part of that is home loan debt
29:14
Speaker 1: makes sense. So, but the average household debt of a
29:16
Speaker 1: personal loan was six nine hundred and twenty wow, so
29:20
Speaker 1: nearly seven thousand dollars, and then student debt was twenty
29:24
Speaker 1: four thousand, eight hundred. But I think it's good to
29:26
Speaker 1: acknowledge that there is good debt and there is bad debt,
29:29
Speaker 1: and so realizing in those moments of do I want
29:32
Speaker 1: good debt or do I want bad debt? Because I
29:34
Speaker 1: feel like there's such a knee jerk trigger to everything now,
29:37
Speaker 1: like even just the relationship we have with credit cards,
29:42
Speaker 1: like sal and I don't have a credit card, but
29:43
Speaker 1: I would probably look at getting a credit card now
29:46
Speaker 1: one because I actually have control over the way that
29:49
Speaker 1: I spend money. In my early twenties, absolutely not. She
29:52
Speaker 1: could not have a credit card. That girl, that little girl.
29:56
Speaker 1: No one could trust her. I couldn't trust her. She's
29:59
Speaker 1: many undated with online shopping packages. Oh my god. Literally,
30:03
Speaker 1: like I would be like, I'm just going to get
30:05
Speaker 1: this for this, and I know I wouldn't have done that,
30:06
Speaker 1: like know yourself. Yeah, and even with like buy now,
30:10
Speaker 1: pay later. I think the average debt is around two
30:12
Speaker 1: thousand dollars, So there are some ways that you can
30:15
Speaker 1: avoid bad debt in your twenties, which you can run
30:19
Speaker 1: us through Sally Beally.
30:21
Speaker 2: Number one delaying gratification practice patients by saving up to
30:26
Speaker 2: pay for larger purchases in full instead of using buy now,
30:30
Speaker 2: pay later, or credit cards.
30:32
Speaker 1: Or personal loans. Two no spend periods periodically outlining no
30:38
Speaker 1: spend times where you can only spend on essentials. This
30:43
Speaker 1: can be a day, a week, a month, etc. You
30:46
Speaker 1: can customize it to your goals and what you think
30:48
Speaker 1: will work for you, but it could be great to
30:51
Speaker 1: do now leading up to the Christmas period when a
30:54
Speaker 1: lot of us are going to be spending a lot
30:56
Speaker 1: of money and you could benefit from having those savings.
31:00
Speaker 1: Number three live below your means just because you can
31:04
Speaker 1: afford it, That doesn't mean that you need it and
31:07
Speaker 1: should buy it. Allow yourself and allowance that is less
31:11
Speaker 1: than your actual income, and have the rest go automatically
31:15
Speaker 1: into savings. Set up a fun account and put money
31:20
Speaker 1: into that, and that's what you can spend on non
31:23
Speaker 1: essentials and fun things. So then that way you're not
31:26
Speaker 1: detracting from your big savings goals for these things that
31:30
Speaker 1: are fun in the moment, but it's also not super restrictive. Yeah,
31:34
Speaker 1: I still think you should be able to buy those
31:35
Speaker 1: little fun things that you want. Otherwise life's fucking boring. Yeah,
31:39
Speaker 1: if all you do is earn money to pay for bills,
31:41
Speaker 1: you're gonna be like, I hate this shit. But yeah,
31:45
Speaker 1: it's all a ridge tapestry of balance.
31:48
Speaker 2: It is number four practicing minimalism, focus on owning fewer things,
31:55
Speaker 2: reducing clutter, and buying only what you really need.
32:00
Speaker 1: I think that is like such a good tip to finish.
32:05
Speaker 2: On because I think that is a mindset shift that
32:08
Speaker 2: will help ladder up to a lot of these other
32:11
Speaker 2: habits and will reduce stress across the board.
32:16
Speaker 1: Love it ten out of ten. Well, I'm feeling rich.
32:20
Speaker 1: But should we move into advice with the chick? Let's
32:22
Speaker 1: do it. So. We have set up the Broke Chicks
32:33
Speaker 1: hotline that you can text us, so you can text
32:36
Speaker 1: us your dilemmas, your wildest stories. We'll use them in
32:40
Speaker 1: the episode and we'll put the number in the show
32:43
Speaker 1: notes and we'll make a story highlight as well, so
32:45
Speaker 1: you can always find a number and textime. Yeah, call
32:48
Speaker 1: me if you want to reach me. Whenever you need me, Baby,
32:54
Speaker 1: call me beat me if you want to reach me. Okay, slave,
32:57
Speaker 1: by the way, thank you, I was waiting for that.
33:00
Speaker 1: Hey chicks.
33:01
Speaker 2: First off, thank god I had the live show with
33:03
Speaker 2: you girlies and my best mates this weekend. After dating
33:06
Speaker 2: a guy for a few weeks and he called it
33:08
Speaker 2: all off because I like my friends, family and Christmas
33:11
Speaker 2: too much, and I wish I was joking about that
33:15
Speaker 2: being my reason.
33:16
Speaker 1: Wait, because she likes Christmas too much. Fuck would be
33:20
Speaker 1: dumped into much? I know.
33:21
Speaker 2: Okay, We've been seeing each other for a few weeks,
33:24
Speaker 2: talking every day and dates two to three times a week.
33:28
Speaker 2: He'd been extremely responsive, clear communication about his feelings and
33:32
Speaker 2: talking about our future together. I stayed the night on
33:35
Speaker 2: Sunday after he asked me, and woke up Monday morning
33:38
Speaker 2: with no issues, cuddled in bed.
33:40
Speaker 1: With long makeout session. Love that, talked afterwards and planned
33:44
Speaker 1: more dates. Fast forward to Tuesday morning at work when
33:47
Speaker 1: I get a text saying he's thought about it, and
33:49
Speaker 1: he's having anxiety about where we're headed and he's been
33:52
Speaker 1: on his own for such a long time and jumping
33:55
Speaker 1: into something quick isn't the best idea.
33:57
Speaker 2: But we can still go out for our planned date
33:59
Speaker 2: on Thursday day. What ensues from there is a spiral
34:03
Speaker 2: of I'm not ready, I have anxiety, and I can't
34:05
Speaker 2: sleep next to you. What you like your friends and
34:09
Speaker 2: family too much? And you enjoy the holidays and I
34:12
Speaker 2: can't guarantee I will want to be there. Oh.
34:16
Speaker 1: In the end, he called it a day and told
34:18
Speaker 1: me he hopes I find the person I deserve. Here's
34:21
Speaker 1: the dilemma, though, chicks.
34:23
Speaker 2: My mum asked me if I made it clear to
34:25
Speaker 2: him that I'm willing to be understanding if this was
34:28
Speaker 2: just a moment of anxiety and check in on him
34:31
Speaker 2: to see if he's feeling differently. Now, would you be
34:33
Speaker 2: understanding of his mental health issue and reach out when
34:36
Speaker 2: he took something that was going amazingly and crumbled at
34:38
Speaker 2: the first moment.
34:39
Speaker 1: Of fear, I think he's dealing with something like I like.
34:45
Speaker 1: That kind of just makes me a bit sad for him,
34:48
Speaker 1: because I think he just he truly is actually really
34:52
Speaker 1: scared of that commitment. I don't think you loving your
34:55
Speaker 1: friends or your family is a bad thing at all,
35:00
Speaker 1: And why does that turn somebody off? Like shouldn't I
35:03
Speaker 1: can understand, you know, if you're getting into something new
35:07
Speaker 1: and you're like, oh my god, I feel overwhelmed, like
35:10
Speaker 1: if they have commitment issues or something, and then heading
35:12
Speaker 1: into the holiday season, like that's why we always see
35:15
Speaker 1: that December eleven is the biggest day for breakups in
35:18
Speaker 1: the entire year, because I think going into Christmas, people
35:21
Speaker 1: like I don't like, it's too much much by your presence, yeah,
35:25
Speaker 1: and it's too much pressure, and then you know they
35:27
Speaker 1: want to start the new year fresh. But you know,
35:29
Speaker 1: I think in this instance, some people might be like, oh,
35:32
Speaker 1: it's the right person, wrong time, But I also think
35:35
Speaker 1: the right person. Yeah, I think that that's not true
35:39
Speaker 1: because if they were the right person, it would be
35:42
Speaker 1: the right time as well. He is right. I think
35:44
Speaker 1: you do deserve someone who is excited about those things,
35:48
Speaker 1: that is, like excited to come to your family Christmas
35:51
Speaker 1: and see your friends. But I actually like respect. I
35:55
Speaker 1: think he could have called you. I think it or
35:58
Speaker 1: seen you. Don't know if it needed to be a text.
36:01
Speaker 1: But I think he's done the right thing by saying
36:03
Speaker 1: like this stuff doesn't excite me. It actually just gives
36:06
Speaker 1: me anxiety. And I don't think like this makes me
36:09
Speaker 1: the right person for you. That I don't think it
36:15
Speaker 1: is your job to help someone through this, because by
36:20
Speaker 1: the sounds of it, he needs to go and do
36:23
Speaker 1: some work potentially, like he needs to go and kind
36:27
Speaker 1: of maybe deal with those commitment issues a little bit.
36:29
Speaker 1: And I don't think it is your job to coach
36:33
Speaker 1: someone through their commitment issues in order for them to
36:35
Speaker 1: commit to you. Been there, done that spoiler, it didn't work. Yeah,
36:42
Speaker 1: they don't.
36:42
Speaker 2: Commit and it's just well because they get to have
36:46
Speaker 2: their cake and eat it too, like going on the
36:48
Speaker 2: date after he's tried to end it exactly of a
36:51
Speaker 2: weird vibe. Yeah, but I think it's because he likes
36:55
Speaker 2: spending time with you, but he doesn't want to have,
36:58
Speaker 2: you know.
36:59
Speaker 1: All the bells and whistle was attached. He just wants
37:01
Speaker 1: the whistle. No bell, and you deserve to give your
37:05
Speaker 1: bell and your whistle to somebody who wants wrote your
37:08
Speaker 1: bell whistle ornaments. Yeah balls, Christmas star, you're the star
37:12
Speaker 1: on top of the tree bit. Yeah, that kind of
37:14
Speaker 1: just made me a bit sad.
37:16
Speaker 2: But I think that this is a good thing because
37:18
Speaker 2: I don't think listen to your mom.
37:21
Speaker 1: Yeah, I think your mum's being really sweet and being
37:23
Speaker 1: like you can be there for him and like maybe
37:26
Speaker 1: he is having a really bad mental health moment. So
37:29
Speaker 1: you could send a text and say like, I hope
37:31
Speaker 1: you're I hope you're okay, and I completely support you,
37:35
Speaker 1: you know, taking some time to work on yourself and
37:37
Speaker 1: your commitment issues. But I can't be the one to
37:40
Speaker 1: coach you through that. But thank you so much for
37:42
Speaker 1: being so honest with me. I do really appreciate it.
37:45
Speaker 1: And maybe we'll run into each other in the future.
37:47
Speaker 2: Yeah, exactly, And I guarantee there will be somebody else
37:51
Speaker 2: out there who is ready. Oh yeah, and you won't
37:53
Speaker 2: have to convince them to want to be with you.
37:56
Speaker 1: Focus on you, do your own thing and enjoy the
38:00
Speaker 1: Christmas period them. Yeah, with your friends and family. Yeah.
38:05
Speaker 1: You don't want to feel like you're dragging your partner
38:09
Speaker 1: to spend time with your friends and your family. You
38:12
Speaker 1: want them to be just as excited for that. And
38:14
Speaker 1: that's not asking too much. No, that's pretty much the
38:17
Speaker 1: bare minimum. Okay. Well, that is a wrap on today's episode,
38:22
Speaker 1: as promise, though a cheeky little twenty dollars cash back bonus.
38:29
Speaker 2: Thanks again to shot Back for making today's episode of
38:31
Speaker 2: Two Broke Chicks happen. Hit the link in the description
38:34
Speaker 2: to sign up to shot Back and use our code
38:37
Speaker 2: too Broke Chicks to get a twenty dollars cash back bonus.
38:42
Speaker 1: Ps.
38:42
Speaker 2: Keep an eye out on our Instagram next week because
38:45
Speaker 2: we are teaming up with shot Back to drop a
38:47
Speaker 2: huge giveaway and you chicks won't want to miss it.
38:51
Speaker 1: Trust us, it's gonna be a big, more huge all right. Well,
38:56
Speaker 1: on that note, love you chicks. Thank you so much
38:59
Speaker 1: again for coming to the live show. We will never
39:01
Speaker 1: get over it or never stop thinking about it. Love you,
39:04
Speaker 1: miss you guys already. Kiss Thanks for having us in
39:07
Speaker 1: your mummies. We love to be here. And thanks to
39:10
Speaker 1: m I k Made for making today's episode happened. I
39:12
Speaker 1: love you bye,