Latest / She's On The Money / She's On The Money Radio Recap - 1 October

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She's On The Money Radio Recap - 1 October · She's On The Money

• 0:01
  Speaker 1: Radio.
• 0:03
  Speaker 2: She's on the Money Radio Show.
• 0:07
  Speaker 3: With Victoria Divine starts now.
• 0:10
  Speaker 4: Hello and welcome to the She's on the Money Radio
• 0:12
  Speaker 4: Show podcast, the radio show podcast for millennials who want
• 0:16
  Speaker 4: financial freedom.
• 0:17
  Speaker 5: Hello, I'm excited this week with Ditch Miitchchury, million dollar,
• 0:22
  Speaker 5: Mitch is out, billion dollar Byron is In, Barron Cook,
• 0:25
  Speaker 5: welcome to the pod.
• 0:26
  Speaker 3: Thank you.
• 0:26
  Speaker 1: Also one of the DJs here, part of the Kiss Network.
• 0:29
  Speaker 1: And I believe I have about as much of a
• 0:31
  Speaker 1: financial qualification as Mitch does, which is.
• 0:34
  Speaker 6: Bugger basically nothing.
• 0:36
  Speaker 2: Not a very high bar at all. Mast was low.
• 0:39
  Speaker 6: You sleep straight in.
• 0:42
  Speaker 2: Hey.
• 0:42
  Speaker 4: We had some really interesting stuff on the show this
• 0:45
  Speaker 4: week because we usually are a little bit safe.
• 0:47
  Speaker 6: But you mean safe safe, well.
• 0:50
  Speaker 2: I mean we had we had a well, I don't
• 0:51
  Speaker 2: want to say a sex worker.
• 0:52
  Speaker 6: Because we did well that's exactly what goes, all.
• 0:54
  Speaker 4: Right, if you want to go there, that's fine. So
• 0:56
  Speaker 4: we had Renee Gracie, who is one of Australia's leading
• 0:59
  Speaker 4: only fans models making how much money.
• 1:03
  Speaker 5: I'm not going to tell you yet. You'll have to
• 1:04
  Speaker 5: listen for that, but I definitely ask her you do.
• 1:07
  Speaker 1: And that's what I found it extraordinary because you know,
• 1:09
  Speaker 1: I thought we might just tiptoe around it all and
• 1:12
  Speaker 1: old mate over here, she just goes straight in, how
• 1:14
  Speaker 1: much money are you making?
• 1:15
  Speaker 7: All right?
• 1:15
  Speaker 2: Not enough?
• 1:16
  Speaker 6: That's who I am. She's on the money.
• 1:19
  Speaker 5: I ask people what they make each and every single week,
• 1:21
  Speaker 5: and we shouldn't be shamed about it. In fact, it
• 1:24
  Speaker 5: can be inspiring, it can be enlightening. It can actually
• 1:27
  Speaker 5: make a lot of sense, right because you see people
• 1:29
  Speaker 5: on social media and you're like, Wow, they've got a
• 1:31
  Speaker 5: nice house and they've just done a pool.
• 1:32
  Speaker 6: I wonder what.
• 1:33
  Speaker 5: They're they're earning, and actually is really constructive to know
• 1:37
  Speaker 5: that different areas pay different amounts and this is what
• 1:39
  Speaker 5: this person is making and how it works. But also
• 1:42
  Speaker 5: the thing that I found really interesting with Renee was
• 1:44
  Speaker 5: like she's.
• 1:45
  Speaker 6: Like, I know that this is not forever.
• 1:47
  Speaker 5: So she's trying to make hay while the sun is shining,
• 1:49
  Speaker 5: which a lot of women in the sex work industry
• 1:51
  Speaker 5: are doing as well. So you best believe they're really
• 1:54
  Speaker 5: good at investing, they're really good with their money.
• 1:56
  Speaker 1: And not that anyone would stop now they're going to
• 1:58
  Speaker 1: listen to the whole podcast, but sure he keep listening
• 2:00
  Speaker 1: because she actually answers the question, and I can't believe
• 2:03
  Speaker 1: what the answer was.
• 2:05
  Speaker 5: What Byron actually resigned from his role here at Kiss
• 2:09
  Speaker 5: and now he's on the role.
• 2:10
  Speaker 1: I just came back to do this intro, but in
• 2:13
  Speaker 1: the middle of this show will walk out when I
• 2:15
  Speaker 1: find out how.
• 2:15
  Speaker 2: Much she makes Fantastic.
• 2:16
  Speaker 4: Wow, that is I can't believe the foresight that you
• 2:19
  Speaker 4: have in the future telling right here. I feel though, Okay,
• 2:23
  Speaker 4: we didn't talk about this in here because we all
• 2:26
  Speaker 4: we wanted to keep it about money. But for me personally,
• 2:29
  Speaker 4: and I don't know about you, Born, is that if
• 2:31
  Speaker 4: a partner goes and does only fans, is that a
• 2:33
  Speaker 4: deal break a few because it definitely is for me.
• 2:36
  Speaker 1: For me to talk about relationships, I have even less
• 2:38
  Speaker 1: authority on relationships than I do with money. We don't
• 2:42
  Speaker 1: even want to start with that.
• 2:43
  Speaker 6: I reckon about communication and consent.
• 2:45
  Speaker 5: My friend is acceptable in one relationship might be wildly
• 2:48
  Speaker 5: unacceptable in another.
• 2:50
  Speaker 6: And to be honest, it's up to you exactly.
• 2:52
  Speaker 4: And you know what is acceptable saving money, because we
• 2:54
  Speaker 4: actually had some really great saving now accepting.
• 2:59
  Speaker 5: How good steps are saving money, it's a good piece
• 3:02
  Speaker 5: of news.
• 3:02
  Speaker 6: You've been doing it for a while am I going
• 3:04
  Speaker 6: to be in trouble?
• 3:05
  Speaker 4: Yeah, you are, because not only are you going to
• 3:06
  Speaker 4: tell somebody how they can upsize their house where they're
• 3:10
  Speaker 4: living in a little box with.
• 3:11
  Speaker 2: Six was it six kids?
• 3:13
  Speaker 3: It was four four six, very small.
• 3:16
  Speaker 6: House in a tiny home, she said.
• 3:19
  Speaker 2: Which might have had to do with the only I'm
• 3:22
  Speaker 2: not even going to do.
• 3:22
  Speaker 5: You are going to end up in the bin this
• 3:24
  Speaker 5: week if you're going to come for sex workers.
• 3:26
  Speaker 4: May I'm not coming for sex workers. People are free
• 3:29
  Speaker 4: to do whatever they want. I'm just saying it's not
• 3:31
  Speaker 4: my thing.
• 3:31
  Speaker 6: Let's get into the show.
• 3:33
  Speaker 2: No, you were going to save us how much money?
• 3:35
  Speaker 6: I'm going to save you a heap of money.
• 3:36
  Speaker 5: I'm going to save you fifty percent on your groceries,
• 3:38
  Speaker 5: and I'm also going to tell you exactly how much
• 3:40
  Speaker 5: money you can save by using.
• 3:41
  Speaker 6: The first time Super Savis scheme. I wouldn't go anywhere.
• 3:43
  Speaker 4: If I were you, even if you did want to
• 3:44
  Speaker 4: go somewhere, that's your prerogative. Your business is your business.
• 3:48
  Speaker 4: But I hope you don't because it's a great show.
• 3:49
  Speaker 4: And she's on The Money radio show starts right now. Yeah,
• 3:53
  Speaker 4: for your Saturday morning. She's on the Money radio show
• 3:55
  Speaker 4: with Australia's number one finance podcaster and also bookseller. Right
• 3:58
  Speaker 4: now Victoria Fine number one in our hearts.
• 4:02
  Speaker 1: And five in the country in the country, number one
• 4:05
  Speaker 1: in her category.
• 4:06
  Speaker 2: Yeah, well the.
• 4:07
  Speaker 5: Byron Cook but also billion Dollar Byron as we've now
• 4:10
  Speaker 5: decided to call him.
• 4:11
  Speaker 4: Yeah, he's sitting in here filling in for Mitchtury and
• 4:14
  Speaker 4: right now, guys, we are talking about side hustles, how
• 4:17
  Speaker 4: you can make some serious coins.
• 4:19
  Speaker 5: So it's been a pretty hot topic in our community recently,
• 4:22
  Speaker 5: and that is Only Fans, and I think it's become
• 4:25
  Speaker 5: a pretty hot topic because I've had a few of
• 4:26
  Speaker 5: my clients on the show recently and as you guys know,
• 4:29
  Speaker 5: financial advisor who gives legit financial advice, and a lot
• 4:32
  Speaker 5: of these women are making bank and want somebody who
• 4:34
  Speaker 5: just gets money to actually help them along because they
• 4:37
  Speaker 5: get content.
• 4:38
  Speaker 6: I'm telling you, they get content.
• 4:40
  Speaker 5: So, for those of you who haven't heard, OnlyFans is
• 4:42
  Speaker 5: basically an online platform and app. It was established in
• 4:45
  Speaker 5: twenty sixteen with the intention of people being able to
• 4:47
  Speaker 5: share photos and videos for a subscription, so people subscribe,
• 4:51
  Speaker 5: but then once you're subscribed, you can also request custom
• 4:55
  Speaker 5: made content, and a lot of people are now using
• 4:58
  Speaker 5: it to create adult content and for that they are
• 5:01
  Speaker 5: making absolute banks. So this week we are joined by
• 5:04
  Speaker 5: Renee Gracie, who ex Supercar fan Trav You're going to
• 5:07
  Speaker 5: love her, but also absolute star on OnlyFans. Renee, Welcome
• 5:12
  Speaker 5: to the show.
• 5:13
  Speaker 7: Hi guy, Thanks for having me.
• 5:15
  Speaker 5: No, of course we want to talk about it because
• 5:17
  Speaker 5: we know it's very lucrative, but I also feel like
• 5:20
  Speaker 5: it's very not known. At the same time, it's also
• 5:23
  Speaker 5: shrouded with judgment, which it absolutely shouldn't be.
• 5:26
  Speaker 6: So we want to know how did you begin this
• 5:28
  Speaker 6: side hustle.
• 5:29
  Speaker 7: I had no idea it was going to turn out
• 5:31
  Speaker 7: to what it turned out too. I had just moved
• 5:33
  Speaker 7: back from Melbourne. I had left not a spoort, I
• 5:35
  Speaker 7: had nothing else to do. My sister and I were
• 5:37
  Speaker 7: looking at starting a business together. Let's just do something
• 5:40
  Speaker 7: for ourselves, not work nine to five for other people.
• 5:43
  Speaker 7: I had no money, spent all my money trying to
• 5:44
  Speaker 7: open this up, and I thought, God, I would just
• 5:46
  Speaker 7: love like another thousand bucks a week or a little
• 5:48
  Speaker 7: bit of extra money until our business actually starts making money.
• 5:51
  Speaker 7: And I had a few girlfriends who are like you
• 5:53
  Speaker 7: should really get on OnlyFans. I had a few fans
• 5:55
  Speaker 7: that were messaging me and I thought, you know what,
• 5:57
  Speaker 7: I'm just going to do it, and yeah, I started
• 5:59
  Speaker 7: my a couple of days later and it's been history
• 6:02
  Speaker 7: ever since.
• 6:03
  Speaker 1: Basically, Renee, would you agree that having a profile you're
• 6:07
  Speaker 1: a V eight supercar driver and that brings with it
• 6:09
  Speaker 1: some profile We've seen other onlyfan success stories who may
• 6:12
  Speaker 1: have been on a reality TV show. Just that gives
• 6:15
  Speaker 1: you sort of that position. Do you think that gave
• 6:18
  Speaker 1: you an edge?
• 6:20
  Speaker 7: Yes, definitely. I was very fortunate when I started. I
• 6:24
  Speaker 7: knew that my race fans were quite loyal, so I
• 6:25
  Speaker 7: knew that they would support me no matter what I did.
• 6:27
  Speaker 7: They followed me even though I wasn't racing, So I
• 6:30
  Speaker 7: felt confident in doing that and I knew that that
• 6:32
  Speaker 7: fan base was going to be there. Knowing that I
• 6:34
  Speaker 7: had that support system in the beginning is probably what
• 6:37
  Speaker 7: maybe do it. And I definitely think if you're known
• 6:39
  Speaker 7: and have a good following base, it really does make
• 6:41
  Speaker 7: it easy to get those subscribers. Then growing from there
• 6:45
  Speaker 7: and having people come on your page and those fans
• 6:47
  Speaker 7: going to their friends, Hey have you seen this person?
• 6:49
  Speaker 7: Have you seen this girl, you should subscribe her. That's
• 6:51
  Speaker 7: how you then grow from there. But definitely having a
• 6:54
  Speaker 7: base of fans who follow you and support you. It's
• 6:57
  Speaker 7: sort of lucretive for only fans.
• 6:59
  Speaker 4: So you were saying that obviously it wasn't planned and
• 7:01
  Speaker 4: it's actually grown into something that you never thought it
• 7:04
  Speaker 4: could do. So what is the plan, Renee, Like, where
• 7:06
  Speaker 4: do you want to go from this? What kind of
• 7:07
  Speaker 4: money are you thinking of making? And how are you
• 7:09
  Speaker 4: going to I suppose grow your career but also your
• 7:12
  Speaker 4: life around that.
• 7:14
  Speaker 7: Honestly, I still every day. In November, it'll be three
• 7:17
  Speaker 7: years I've been on OnlyFans, and I still get shocked
• 7:20
  Speaker 7: that I'm still in this position. Ever since I've started it,
• 7:23
  Speaker 7: it's almost been too good to be true. So I've
• 7:25
  Speaker 7: been setting myself up from day dot when the money
• 7:27
  Speaker 7: started rolling in, to know that this will eventually fall
• 7:30
  Speaker 7: off and it's not going to be forever. But I
• 7:33
  Speaker 7: think because I have that mindset and that mentality, I
• 7:36
  Speaker 7: think it set me up to be comfortable knowing that
• 7:38
  Speaker 7: it will end one day, but it just hasn't, which
• 7:40
  Speaker 7: is great. So I have all these exit plans and
• 7:43
  Speaker 7: then I just keep going and my page keeps growing,
• 7:45
  Speaker 7: and I travel overseas and now I have it overseas audience.
• 7:48
  Speaker 7: So I feel like for me, i've really in the
• 7:51
  Speaker 7: last year or two years, the content is my passion.
• 7:54
  Speaker 7: I love doing the content. I love making videos. I
• 7:57
  Speaker 7: love taking photos of myself. I love taking photos as
• 8:00
  Speaker 7: other girls, collaborating, traveling around the world to create content.
• 8:04
  Speaker 7: And I feel like that's a passion of mine that
• 8:06
  Speaker 7: I've sort of stumbled into across this Only Fans journey,
• 8:09
  Speaker 7: and I don't think that's ever going to stop. I
• 8:10
  Speaker 7: think it's something that I want to do for as
• 8:12
  Speaker 7: long as as far as I can see. I want
• 8:14
  Speaker 7: to travel around the world, take amazing photos, take amazing
• 8:16
  Speaker 7: videos in beautiful locations, and sell them online. I want
• 8:20
  Speaker 7: to do that forever.
• 8:20
  Speaker 6: Basically, I adore that.
• 8:22
  Speaker 5: I feel like you sound so passionate, and as someone
• 8:24
  Speaker 5: who has been watching you, I hope in a not
• 8:26
  Speaker 5: a weird way watching you from the sidelines, I'm one
• 8:29
  Speaker 5: of your TikTok followers. I feel like you're one of
• 8:31
  Speaker 5: the more authentic girls in the industry.
• 8:34
  Speaker 4: Hey, we've got to take a quick break here, Renee
• 8:36
  Speaker 4: Gracie from Only Fans. If you don't mind sticking around
• 8:38
  Speaker 4: for a little bit. And Victoria, I know there's a
• 8:40
  Speaker 4: question you want to ask her. You haven't asked it yet.
• 8:42
  Speaker 4: Come a wait, I want you to do it straight
• 8:43
  Speaker 4: after this.
• 8:44
  Speaker 3: Oh, this is a.
• 8:45
  Speaker 6: Money radio show.
• 8:46
  Speaker 5: I'm going to be asking her how much she makes
• 8:48
  Speaker 5: and low key off the record, I reckon it's going
• 8:50
  Speaker 5: to be in the six figure.
• 8:51
  Speaker 3: Around Oh my god.
• 8:52
  Speaker 5: Yeah, like you're going to retire from radio, my friend,
• 8:55
  Speaker 5: You're going to become actual billion dollar virus.
• 8:58
  Speaker 3: So we're actually going to ask that after this.
• 8:59
  Speaker 6: Yeah, actually going to ask her how much money do
• 9:01
  Speaker 6: you make? Otherwise, why are you coming on my show?
• 9:03
  Speaker 2: Stick around? What are you going to do that? Next?
• 9:05
  Speaker 2: You might hang up? Hopefully she doesn't stay right for me,
• 9:08
  Speaker 2: she sticks around. Victoria. If people have just tuned in,
• 9:11
  Speaker 2: tell them what we've been up to.
• 9:12
  Speaker 6: We've been chatting to Renee.
• 9:14
  Speaker 5: She is an absolute hustler on the platform only fans
• 9:17
  Speaker 5: if you haven't heard of it before. It's an online
• 9:19
  Speaker 5: platform and app that was established in twenty sixteen where
• 9:22
  Speaker 5: people can pay for content, photos, videos, live streams for
• 9:26
  Speaker 5: a monthly membership, and they can also request custom content.
• 9:30
  Speaker 5: Renee has been making bank on this, but I want
• 9:33
  Speaker 5: to go back to it. You said something before which
• 9:34
  Speaker 5: I think a lot of people think about this type
• 9:37
  Speaker 5: of content, and that's that it's not going to last forever.
• 9:39
  Speaker 5: And I talk to all my clients doing this, I'm like,
• 9:42
  Speaker 5: what's the game plan? Are we starting another business? Are
• 9:44
  Speaker 5: we investing? Are we creating wealth in the future. I
• 9:47
  Speaker 5: know you have a beautiful home that you are currently
• 9:50
  Speaker 5: investing in, but are you investing in it any other way?
• 9:53
  Speaker 7: Property is my side hustle. That's where I put my
• 9:55
  Speaker 7: money into an invest I've done other businesses, but I
• 9:58
  Speaker 7: just dealing with customers and stuff like that. Quite honestly,
• 10:01
  Speaker 7: it's not my thing. I'm just too much of a hothead.
• 10:04
  Speaker 7: I don't have patience. I like being in control more so,
• 10:07
  Speaker 7: I've discovered sort of me being in control of my
• 10:09
  Speaker 7: own content and how I make my money now is
• 10:11
  Speaker 7: exactly how it needs to be. So for me, it's
• 10:14
  Speaker 7: the property side of things. It is like my ultimate goal.
• 10:17
  Speaker 7: I've got investment properties at the moment, the plan to
• 10:20
  Speaker 7: potentially develop and build properties. That's sort of how I
• 10:23
  Speaker 7: see my future going. I've done a little dabble in
• 10:26
  Speaker 7: the building side of things with this home that I've
• 10:28
  Speaker 7: been at the moment and invested in building a pool
• 10:30
  Speaker 7: area and increasing the value of my property. And it's
• 10:32
  Speaker 7: a weird addiction for me because I love like building,
• 10:35
  Speaker 7: DIY being creative. I think that's a part of the
• 10:38
  Speaker 7: content side where I'm so passionate about it. So I'll
• 10:41
  Speaker 7: see a bathroom and be like, that's a really nice bathroom.
• 10:43
  Speaker 7: Going to take a photo of this because I want
• 10:44
  Speaker 7: to make this bathroom in a house that I buy
• 10:46
  Speaker 7: in the future or something like that. So I love
• 10:48
  Speaker 7: for me, that's my goal.
• 10:49
  Speaker 5: Yeah, I feel like you are so switched on, and
• 10:52
  Speaker 5: I think that this is such a misconception about the
• 10:54
  Speaker 5: industry that you work in, that everyone might be a
• 10:57
  Speaker 5: little bit airy fairy, Whereas I find that my clients
• 11:01
  Speaker 5: and the girls that I know that do only fans,
• 11:03
  Speaker 5: they know what they're doing. They are making bank and
• 11:05
  Speaker 5: putting future them in the best possible position, and I'm honestly,
• 11:08
  Speaker 5: I'm always so shocked and proud of them because I'm like,
• 11:11
  Speaker 5: get it.
• 11:12
  Speaker 7: Yeah, it's one of those things, the stigma that comes
• 11:15
  Speaker 7: with the sex industry obviously, but a lot of girls
• 11:17
  Speaker 7: I've found I've done coaching and stuff as well for
• 11:19
  Speaker 7: girls on only fans, and most of them are in
• 11:21
  Speaker 7: the sex industry, whether they're you know, sex workers, maybe
• 11:24
  Speaker 7: they just work at a bar, at strip club, whatever
• 11:26
  Speaker 7: it is, but they're studying seeing people. The money is great.
• 11:30
  Speaker 7: Most of these girls are trying to better themselves that
• 11:32
  Speaker 7: most of them want to be nurses or buy a
• 11:34
  Speaker 7: house or do something for their kids. And most of
• 11:37
  Speaker 7: them understand that what they're doing is giving them enough
• 11:41
  Speaker 7: money to get to where they want to be. So
• 11:43
  Speaker 7: they're all quite intelligent and smart in how they're using
• 11:46
  Speaker 7: the money that they have because they also know that
• 11:48
  Speaker 7: they're not going to be a striper forever. They're not
• 11:50
  Speaker 7: going to be in the sex industry forever, because there
• 11:51
  Speaker 7: will be time a time where they're forty, fifty, sixty
• 11:53
  Speaker 7: years old and they don't want to be in it anymore. Yeah,
• 11:56
  Speaker 7: and a lot of them have that in the front
• 11:58
  Speaker 7: of mind when they're working, which actually for them to
• 12:00
  Speaker 7: be quite intelligent, smart and strategic with what they do
• 12:03
  Speaker 7: with their money and how they set themselves up.
• 12:05
  Speaker 6: Yeah, one hundred percent.
• 12:06
  Speaker 5: I mean, it's the oldest industry in the entire world,
• 12:09
  Speaker 5: and at the end of the day, sex work is
• 12:11
  Speaker 5: real work. It is real money and it is not
• 12:13
  Speaker 5: an easy thing to do, so I applaud you for
• 12:15
  Speaker 5: being so passionate about it.
• 12:16
  Speaker 2: Thank you, and Renee.
• 12:18
  Speaker 4: If you ever want to buy yourself an F one team,
• 12:20
  Speaker 4: I would make an amazing team principle, So just keep
• 12:23
  Speaker 4: that in mind, you shameless.
• 12:26
  Speaker 7: I hasn't been out of my budget at the moment,
• 12:29
  Speaker 7: but at.
• 12:29
  Speaker 5: That moment I like the optimism. Renee, perfect question. But
• 12:33
  Speaker 5: this is at the end of the day a money
• 12:35
  Speaker 5: radio show. I want to know how much money are
• 12:37
  Speaker 5: you making.
• 12:39
  Speaker 7: I'm clearing safely over one hundred thousand dollars a month.
• 12:42
  Speaker 3: Holy moly.
• 12:43
  Speaker 1: Well, and I'd just like to announce I've retired from
• 12:47
  Speaker 1: Kiss and I'm getting into only fans guys.
• 12:49
  Speaker 3: So you, guys, so you have a.
• 12:50
  Speaker 2: Good time, good life.
• 12:52
  Speaker 6: Billion dollar Byron.
• 12:53
  Speaker 4: I've seen what he's got to offer, and it's not
• 12:55
  Speaker 4: worth one hundred grand a month.
• 12:56
  Speaker 2: I'll give you.
• 12:56
  Speaker 5: Oh well, Renee, maybe can coach him a little bit.
• 13:00
  Speaker 4: Hey, Thank you so much Renee for jumping on the
• 13:02
  Speaker 4: line with us this morning, right here, and she's on
• 13:04
  Speaker 4: the Money radio show.
• 13:05
  Speaker 7: Thank you so much, guys, thanks for having me.
• 13:06
  Speaker 4: And look, if OnlyFans isn't an option for you. But
• 13:09
  Speaker 4: you still got yourself a money dilemma. You need a
• 13:11
  Speaker 4: little bit of a helping hands. You can hit us
• 13:14
  Speaker 4: up anytime, just search. She's on the Money on Socials.
• 13:18
  Speaker 4: This week we've got Claire who wants to know this.
• 13:21
  Speaker 1: Byron, Oh, her house is bursting at the seams, Victoria,
• 13:23
  Speaker 1: I mean this is extraordinary.
• 13:25
  Speaker 6: For it a problem you can resonate with is.
• 13:27
  Speaker 3: Well, No, it's not as a bachelor who lives alone.
• 13:29
  Speaker 1: Thanks for reminding me, Billy, you dollar mansion a tiny
• 13:32
  Speaker 1: home for Claire with a husband and four very young kids.
• 13:34
  Speaker 1: Now there's a situation she finds herself in. She desperately
• 13:37
  Speaker 1: needs your help.
• 13:38
  Speaker 4: We'll get to that next right here on she's on
• 13:41
  Speaker 4: the Money radio show.
• 13:43
  Speaker 2: This is She's on the Money radio show.
• 13:45
  Speaker 6: We've got a money dilemma, don't we track?
• 13:47
  Speaker 3: Let's do this not their slogan.
• 13:50
  Speaker 4: Yeah, each week we bring somebody's financial story on her
• 13:53
  Speaker 4: to give Victoria's advice on what they should do. Now Byron,
• 13:56
  Speaker 4: Clara centers a DM which you can do at any time.
• 13:59
  Speaker 2: Just search. She's on the Money on Socials.
• 14:01
  Speaker 1: Yeah, she says, hi, v I live in a tiny home.
• 14:03
  Speaker 1: With my husband and four very young children. The kids
• 14:07
  Speaker 1: share a bedroom. We have one bathroom, victoria, no playroom,
• 14:12
  Speaker 1: no space. I feel like we're bursting at the seams
• 14:15
  Speaker 1: in kastrophobic. The thing is, we'll have this house's mortgage
• 14:18
  Speaker 1: paid off in six years time, We'll still be young,
• 14:21
  Speaker 1: and we can look at investment opportunities.
• 14:22
  Speaker 7: Then.
• 14:23
  Speaker 1: Now, if we were to renovate or buy a larger
• 14:26
  Speaker 1: family home, which clearly they want to they need the space,
• 14:29
  Speaker 1: we would then have a mortgage of one to one
• 14:31
  Speaker 1: point one million. I'm not sure I can stick out
• 14:33
  Speaker 1: the six years. I don't want the kids to be
• 14:35
  Speaker 1: too old to enjoy our dream home. Do we buy
• 14:38
  Speaker 1: at the bullet and live our dream now and put
• 14:40
  Speaker 1: ourselves in more debt? Or do we just suck it
• 14:42
  Speaker 1: up and say, all right, we're sacrificing our sanity and happiness.
• 14:45
  Speaker 3: Or is there another way? It's an interesting one.
• 14:47
  Speaker 5: There's one thousand percent another way, and the other way
• 14:49
  Speaker 5: is to either talk to a financial advisor or a
• 14:51
  Speaker 5: mortgage broker. I just feel like this is worthy of
• 14:54
  Speaker 5: a bigger conversation, because if you're going to pay off
• 14:57
  Speaker 5: your mortgage in six years time, that might be your
• 14:59
  Speaker 5: number one priority and your absolute value. But if you
• 15:02
  Speaker 5: talk to a mortgage broker about the equity that's currently
• 15:05
  Speaker 5: in your property, you might be able to leverage it
• 15:07
  Speaker 5: up so that you can buy another property. You might
• 15:10
  Speaker 5: go into more debt, but you could maybe rent out
• 15:12
  Speaker 5: the one that you have and end up in the
• 15:14
  Speaker 5: long term in a better, more secure financial position. But
• 15:17
  Speaker 5: it's all about the strategy in planning. You don't want
• 15:20
  Speaker 5: to sit down and just go, oh, my gosh, the
• 15:21
  Speaker 5: debt is the biggest problem, because we know there's good
• 15:24
  Speaker 5: debt and then there's bad debt. Good debt is the
• 15:26
  Speaker 5: type of debt that creates wealth for us. It means
• 15:29
  Speaker 5: that once it's paid off, we're in a better financial
• 15:31
  Speaker 5: position because of it, and bad debt is consumer debt
• 15:34
  Speaker 5: like credit cards or things that actually put us in
• 15:37
  Speaker 5: a less profitable and less good position, where at the
• 15:41
  Speaker 5: end of the day, once a debt's paid off, we're
• 15:43
  Speaker 5: left with nothing. So what type of debt is this
• 15:46
  Speaker 5: and what type of goals do you have for wealth
• 15:48
  Speaker 5: creation in the future, and how do we actually make
• 15:51
  Speaker 5: it all fit together so that you live the life
• 15:53
  Speaker 5: that you deserve now but also put yourself in the
• 15:56
  Speaker 5: best financial position in the.
• 15:57
  Speaker 1: Future right because the kids, and she said, like an
• 16:00
  Speaker 1: incredible mum and very committed, you would hope that you
• 16:03
  Speaker 1: could try and live in a situation that wasn't like this,
• 16:06
  Speaker 1: because you don't want the kids to look back on
• 16:08
  Speaker 1: their childhood as here, I shared a room with my
• 16:11
  Speaker 1: two brothers and life was tough, Like if there's a
• 16:14
  Speaker 1: way to change this, you'd want to try and find it,
• 16:16
  Speaker 1: wouldn't You.
• 16:16
  Speaker 5: Think it's about just putting yourself in the best possible position.
• 16:19
  Speaker 5: I mean, there's a lot of privilege in already owning
• 16:21
  Speaker 5: your own property. That is definitely a dream that doesn't
• 16:25
  Speaker 5: come true for every single Australian. But it's all about, well,
• 16:28
  Speaker 5: what options do we have out there? Another option if
• 16:30
  Speaker 5: you don't want to go into one to one point
• 16:32
  Speaker 5: one million dollars.
• 16:33
  Speaker 6: Worth of debt, is rent vesting an option for you.
• 16:36
  Speaker 5: That's where we buy a property rented out in a
• 16:38
  Speaker 5: position or in a location that maybe you don't want
• 16:41
  Speaker 5: to live at the moment, go and rent a property,
• 16:43
  Speaker 5: but the income that you gain from renting out your
• 16:45
  Speaker 5: property pays your rent in another location, while you still
• 16:49
  Speaker 5: spash down your mortgage and you end up in a
• 16:51
  Speaker 5: very good position long term. So it's just what do
• 16:53
  Speaker 5: you want to do when it comes to the bigger picture,
• 16:56
  Speaker 5: and sometimes you need some professional help to get you there.
• 16:58
  Speaker 4: And I also think that people have the wrong way around.
• 17:00
  Speaker 4: They think they need to buy a place and live
• 17:03
  Speaker 4: in that place, where no, you can go and buy
• 17:05
  Speaker 4: that investment property, live the life that you want to
• 17:07
  Speaker 4: and then before you know it, you could actually buy
• 17:09
  Speaker 4: the place that you've been renting, or a place that's
• 17:11
  Speaker 4: in the same area you've been renting.
• 17:12
  Speaker 5: And I'd argue, let's be honest, little financial advisor hat
• 17:16
  Speaker 5: on here, if you're saying that you can service another
• 17:19
  Speaker 5: mortgage of one to one point one million dollars, you're
• 17:21
  Speaker 5: probably in a pretty okay financial position, and advice would
• 17:25
  Speaker 5: be a really good idea because let's make the most
• 17:28
  Speaker 5: of that instead of guessing and hoping and making sure
• 17:30
  Speaker 5: it works.
• 17:31
  Speaker 6: Financial advice, honestly, I know it can be quite.
• 17:34
  Speaker 5: Cost prohibitive for a lot of people, but it puts
• 17:36
  Speaker 5: you in such.
• 17:37
  Speaker 6: A better position.
• 17:39
  Speaker 5: You could put your clients in a position where they
• 17:40
  Speaker 5: literally have millions of dollars worth of money because of you,
• 17:44
  Speaker 5: and your fees are at what three to six thousand
• 17:46
  Speaker 5: dollars or if you see a mortgage broker, they don't
• 17:48
  Speaker 5: even charge you money.
• 17:49
  Speaker 4: Win money. When she's done it again by why she's
• 17:52
  Speaker 4: a subtle.
• 17:52
  Speaker 5: Plug for Zella Money, my financial advice and broken company subtlereack.
• 17:57
  Speaker 6: Yeah, I'm as subtle as a bull in a china shop.
• 17:59
  Speaker 7: All right.
• 18:00
  Speaker 4: If you've got a question on how Zella Money can
• 18:02
  Speaker 4: work for you, know how we can help you right
• 18:05
  Speaker 4: here at She's on the money. All you got to
• 18:07
  Speaker 4: do just search us on socials anywhere. We'll get another
• 18:10
  Speaker 4: question next.
• 18:10
  Speaker 5: So she's on the money literally on any platform or
• 18:13
  Speaker 5: Zelo Journey, whichever one's after here.
• 18:15
  Speaker 4: All right, mate, it's time for you to do some work.
• 18:17
  Speaker 4: Super Savi Saturday coming up next. We want to know
• 18:20
  Speaker 4: what super saving tips you've got in your little back pocket.
• 18:23
  Speaker 3: Divine.
• 18:23
  Speaker 5: It is my favorite time of the week, which obviously
• 18:26
  Speaker 5: at this point in time.
• 18:28
  Speaker 6: If you'll just got really expensive, I'm over it. I'm
• 18:31
  Speaker 6: over it. We need to save more money together.
• 18:33
  Speaker 3: Super Save a Saturday.
• 18:35
  Speaker 4: Yeah, every single week, Victoria, you give us a little
• 18:37
  Speaker 4: bit of sneaky tips on how we can keep more
• 18:39
  Speaker 4: money in our bank accounts.
• 18:41
  Speaker 5: I pretend to so far, so good though, and this
• 18:43
  Speaker 5: week I've got one for you about groceries. But before
• 18:46
  Speaker 5: we get there, I'm going to talk about the first
• 18:48
  Speaker 5: time super Savis scheme, which is an absolute mouthful. If
• 18:51
  Speaker 5: you say it that quickly, you will yeah, thank you,
• 18:53
  Speaker 5: thank you. I've been saying it for a really long time,
• 18:55
  Speaker 5: but recently my community people have been asking about it,
• 18:58
  Speaker 5: so I thought that we'd put it in as a
• 19:00
  Speaker 5: tip because you can actually be in a much better
• 19:03
  Speaker 5: financial position because of it. So when it comes to
• 19:06
  Speaker 5: purchasing your first home, everybody in Australia that has a
• 19:10
  Speaker 5: supranuation fund has access to this scheme. And basically what
• 19:13
  Speaker 5: it means is that you can make voluntary contributions, which
• 19:16
  Speaker 5: sounds a bit lame, but basically voluntary is where you
• 19:19
  Speaker 5: volunteer to make additional contributions to your superranuation and this
• 19:24
  Speaker 5: helps you save for your first home. So I've said
• 19:27
  Speaker 5: it on my podcast before, but I believe that supranuation
• 19:30
  Speaker 5: or the system of superannuation is the closest thing that
• 19:33
  Speaker 5: you can come to in Australia as a tax haven.
• 19:35
  Speaker 5: So basically what this means is you can contribute up
• 19:38
  Speaker 5: to fifteen thousand dollars each.
• 19:40
  Speaker 6: And every single financial year.
• 19:41
  Speaker 5: To this scheme, you basically just dump it into your
• 19:44
  Speaker 5: superranuation up to a total of fifty thousand dollars money win.
• 19:49
  Speaker 5: And that means that the tax rate inside super is
• 19:52
  Speaker 5: used instead of your marginal tax rate. So let's say
• 19:55
  Speaker 5: TRAV you have a tax rate of thirty two and
• 19:58
  Speaker 5: a half percent each and every single year, which most
• 20:00
  Speaker 5: Australians do before super.
• 20:03
  Speaker 6: If you put fifteen.
• 20:04
  Speaker 5: Thousand dollars into your bank account at thirty two and
• 20:06
  Speaker 5: a half percent tax, it means that you would have
• 20:09
  Speaker 5: after tax ten thousand, one hundred and twenty five dollars. Okay,
• 20:13
  Speaker 5: that makes sense before tax. If you decide to put
• 20:16
  Speaker 5: it into your first home super savor scheme, fifteen grand
• 20:19
  Speaker 5: at a fifteen percent superranuation rate becomes twelve thousand, seven
• 20:24
  Speaker 5: hundred and fifty dollars more than twenty seven hundred dollars
• 20:28
  Speaker 5: just by using this scheme, and if we extrapolate that out,
• 20:31
  Speaker 5: means that if you go up to the cap of
• 20:34
  Speaker 5: fifty thousand dollars, so over a few years you've been
• 20:37
  Speaker 5: saving for your first home, you are thirteen thousand, seven
• 20:40
  Speaker 5: hundred and fifty dollars better off by using this system
• 20:43
  Speaker 5: free money.
• 20:43
  Speaker 3: Can can you ask your payrolls?
• 20:46
  Speaker 2: Yep?
• 20:46
  Speaker 1: Can they make those contributions for you? You literally just
• 20:48
  Speaker 1: say to them, can you put extra inpluce?
• 20:50
  Speaker 7: Yes?
• 20:50
  Speaker 5: Absolutely, you can ask payroll or you can wait until
• 20:52
  Speaker 5: you've got money in your savings and you're comfortable to
• 20:55
  Speaker 5: pop it into super so it can have already come
• 20:57
  Speaker 5: to your bank account. You can already have been paid
• 20:59
  Speaker 5: it because you can actually just choose to transfer it.
• 21:02
  Speaker 5: You can just be pay it so easy straight to
• 21:04
  Speaker 5: your super fund. It means that you will get the
• 21:06
  Speaker 5: tax back at tax time because you've obviously already paid it.
• 21:09
  Speaker 5: But it all comes out in the wash, and in
• 21:11
  Speaker 5: the wash you end up in a far better financial position.
• 21:13
  Speaker 6: So that is my first hot tip.
• 21:15
  Speaker 4: Well, okay, you have a big shoe to fuel right there,
• 21:19
  Speaker 4: fir and cook?
• 21:20
  Speaker 2: What what you got is your second tip?
• 21:23
  Speaker 5: Like, I got a sandwich fifty percent off because I
• 21:24
  Speaker 5: bought it at three pm?
• 21:25
  Speaker 3: Okay, okay, remember who the guest is here? Please?
• 21:29
  Speaker 1: No, I know we're in sort of the realm of supermarkets, okay.
• 21:32
  Speaker 6: And I know it's supermarkets.
• 21:34
  Speaker 1: There is this popular half price app with up to
• 21:36
  Speaker 1: date specials for your favorite Ossie supermarkets, so you're literally
• 21:39
  Speaker 1: getting stuff for half price.
• 21:40
  Speaker 2: Yeah legit, Oh yeah, half price app. I use this one.
• 21:43
  Speaker 4: So basically it shows you every supermarket, Willis, Coles, you
• 21:46
  Speaker 4: name it, and everything that's fifty percent off install that week.
• 21:49
  Speaker 1: Absolutely, I mean, let's be very transparent about this. I'm
• 21:53
  Speaker 1: literally just reading this off a sheet that Victoria gave me.
• 21:56
  Speaker 6: Yeah, you're welcome.
• 21:57
  Speaker 1: But if I knew where to find that app right now,
• 21:59
  Speaker 1: which try to make you would be a store.
• 22:00
  Speaker 3: Yeah great? And so do you literally just type in
• 22:02
  Speaker 3: tolf fction half.
• 22:03
  Speaker 6: Price app to your apps to download that app.
• 22:05
  Speaker 5: And the cool thing is gorne of the days of
• 22:08
  Speaker 5: you going to your mailbox, getting all the catalogs, going
• 22:10
  Speaker 5: through it seeing.
• 22:11
  Speaker 6: What's on special.
• 22:12
  Speaker 5: All of the supermarkets are on one app, so you
• 22:14
  Speaker 5: just scroll through, workout where everything is the cheapest, and
• 22:17
  Speaker 5: then go shopping.
• 22:18
  Speaker 4: I used to be a pamphlet deliver I used to
• 22:19
  Speaker 4: get ten bucks per week delivering those pamphlets.
• 22:22
  Speaker 6: Hey that's a really good deal for the person who
• 22:24
  Speaker 6: wanted the pamphlets.
• 22:27
  Speaker 1: Now that is a great app, and I would just
• 22:28
  Speaker 1: say this is an additional supermarket tip. So I put
• 22:31
  Speaker 1: this in as two A it's like an addendum, use
• 22:34
  Speaker 1: avocado for everything. Seriously, avocados are still so cheap. I've
• 22:38
  Speaker 1: been making so much guak you wouldn't believe it.
• 22:40
  Speaker 3: Guys, that's a good tip. Genuinely, they are so cheap.
• 22:43
  Speaker 1: They're about a dollar seventy depending where you are in Australia,
• 22:45
  Speaker 1: and they're ripe, and they're delicious, and there is still
• 22:47
  Speaker 1: an oversupply of avocado.
• 22:49
  Speaker 3: Google avocado recipes and cash in.
• 22:51
  Speaker 5: Billon dollar Byron brought to you by Avocados Australia.
• 22:55
  Speaker 2: The hell are you talking?
• 22:56
  Speaker 3: Oh?
• 22:57
  Speaker 6: He thinks is so funny.
• 22:58
  Speaker 5: Do you know what he would have spent all of
• 23:00
  Speaker 5: that time that you were talking thinking up.
• 23:02
  Speaker 4: That now going to a better one will be the
• 23:03
  Speaker 4: jest that I was going to walk into the station today,
• 23:06
  Speaker 4: but I have.
• 23:07
  Speaker 3: A CARDO have a car.
• 23:10
  Speaker 2: On that though. We've got to get out of here.
• 23:11
  Speaker 4: But Victoria, you're going to be at the Tivley tonight
• 23:14
  Speaker 4: in Brisbane.
• 23:15
  Speaker 5: You can still get hicks come say hi, I wait around. Honestly,
• 23:19
  Speaker 5: I will be there until the last person leaves.
• 23:22
  Speaker 7: Good.
• 23:22
  Speaker 1: Probably have when you're number one in your category, number
• 23:24
  Speaker 1: five in Australia.
• 23:25
  Speaker 6: Yeah, good from us.
• 23:26
  Speaker 5: All right up next, you've got million dollar Mitch back.
• 23:29
  Speaker 5: Don't worry, he'll be back next week. The lauron't have
• 23:31
  Speaker 5: to put up with billion dollar Byron for too long.
• 23:33
  Speaker 6: Jeezu, slide into my dam you.
• 23:36
  Speaker 3: I've given you the avocado.
• 23:37
  Speaker 6: Tip tip was elite, all.
• 23:40
  Speaker 3: Right, thank you.
• 23:40
  Speaker 4: The Life One Cut Show Laura BYRN Brett Hockley that
• 23:43
  Speaker 4: is coming up next.
• 23:43
  Speaker 2: We'll see you next week, guys,