How do you know when it’s time to sell a property? Whether it’s your investment, your starter home, or just the one with the dodgy plumbing that won’t stop haunting you, this week we’re diving into a dilemma one listener’s facing: is it smarter to cash out now, or hold on and hope for the best? We unpack what actually makes a property worth keeping, when it’s smarter to cut your losses, and how to weigh up the financial stress against the long-game payoff... without losing your sanity (or your savings) in the process. Then, we get into a spicy little debate courtesy of another DM: can you say you’re “broke” when you have savings but you're just out of "fun money"? We're talking the emotional side of money language and why “broke” means different things to different people. Plus we've got you favourite money wins and confessions, broke tips nd enough financial chaos to carry you straight through the weekend.
Ready for more laughs, lessons, and unhinged money chats? Check out our oh-so-bingeable Friday Drinks playlist. Listen here.
Join our 300K+ She's on the Money community in our Facebook Group and on Instagram.
Acknowledgement of Country By Nartarsha Bamblett aka Queen Acknowledgements.
The advice shared on She's On The Money is general in nature and does not consider your individual circumstances. She's On The Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Victoria Devine and She's On The Money are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 451289.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
My name's Sasha Bamblet. I'm a proud First Nations woman
and I'm here to acknowledge country t Glenn Young Ganya
nianar Kaka yah y and Binahaka nian Our gay In
Nimbini yakarum Jar Dominyamiga Umagahawaka Woman Damon Imlan Bomba ban
Gadabomba in and now in wakah ghan On yak rum
Jar water Nada. Now Hello, beautiful friends, we gather on
(00:24):
the lands of the Aboriginal people. We thank acknowledge and
respect the Abiginal people's land that we're gathering on today.
Take pleasure in all the land and respect all that
you see. She's on the Money podcast acknowledges culture, country,
community and connections, bringing you the tools, knowledge and resources
for you to thrive.
Speaker 2 (00:45):
She's on the Money. She's on the Money.
Speaker 3 (01:08):
Hello and welcome to She's on the Money, the podcast
that makes personal finance fun, especially on a Friday. It's
our favorite day of the week because we get our
team together to celebrate you, our incredible She's on the
Money community. As always, we have Miss Jess Ricci here
to share our favorite money wins. Miss becksy Ed is
going to be sharing her broke tips, and we're going
to be helping to answer a money dilemma, which is
(01:30):
all about knowing when to hold.
Speaker 4 (01:32):
And when to fold when it comes to an investment
property and something that you slid into our DMS about
this week.
Speaker 3 (01:38):
Whether it's okay to say you're broke when you actually
have savings in your bank.
Speaker 4 (01:44):
Anyway, I feel like that's going to set some good.
Speaker 3 (01:47):
Conversation before we get there. Though, Guys, how have your
weeks been?
Speaker 4 (01:52):
Go for it? My week has been eventful.
Speaker 5 (01:56):
I am just like just coming out of the tail
end of what feels like the most insane month of
my life. It's been a lot, can I do it?
It's made me very grateful to have the people I
have around me. I'll say that. You know, it's been
We've had some crazy stuff happen at work. There's just
been a lot of things out of my control. And
you guys know, I like, I like being in control.
Speaker 4 (02:14):
I am very for me and I'm like, God, it's
not that.
Speaker 5 (02:17):
Deep, yeah, but it's I am so aware that, particularly
like with work stuff, there's a flow on effect, right
because I'm kind of the in between between external internal
and I've got to say thank God for our team,
like genuinely everyone just rallied, got shit done. Like I
could not be more thankful for the girls, and also
the people like my friends and family who have all
(02:39):
very much been just needs another hug genuinely, like EI know,
it's and it's fine, Like it's not like it nothing
bad has happened. It's just you know when you have
those period. Yeah, I feel like I've been living in
like such a heightened state of stress for a couple
of weeks and now just coming off the tail end
of but I'm.
Speaker 3 (02:56):
Like, oh my god, we've booked in facials at locks
of time.
Speaker 4 (03:02):
Oh gorgeous. I was like, this will fix it, this
will fix fully. How's your week in? My week has
been fantastic.
Speaker 6 (03:11):
I've had my birthday, had my birthday party, and I
am I'm thirty three.
Speaker 4 (03:18):
That crazy talk about it. I think it feels like like.
Speaker 3 (03:21):
I just I mean, some people are like, oh my god,
it's thirty three, but I'm like, thirty three is a
good as the difference, do you know.
Speaker 4 (03:27):
What I mean? I feel like I'm always me and
I don't I don't.
Speaker 6 (03:31):
Really subscribe to like being at a certain stage at
a certain time, and like, I'm just kind of going
off script and I think I always will.
Speaker 4 (03:39):
So thirty three doesn't mean anything. Three feels like a
good number.
Speaker 3 (03:42):
It's a good number, and I think it's sad to
leave behind thirty three. It's the double digit.
Speaker 4 (03:46):
Yeah, I like, yeah, I do. Like I feel like
I feel like it resonates with thirty three.
Speaker 3 (03:50):
Yeah.
Speaker 6 (03:51):
True, I feel exactly the goddamn say, and I'm enjoying
every second.
Speaker 3 (03:57):
What about you v D reminding me of the thirty
three in June. At the end of June turned thirty four,
and I was walking with my husband and we're talking about,
like me turning thirty four, and I was like, oh, Ill,
like next year, I'm thirty.
Speaker 4 (04:10):
Five and thirty five in my head is half way
to forty.
Speaker 3 (04:12):
And he's like, girl, you're way more than halfway to forty.
I meant in terms of being in my thirties, I'm
halfway to forty, and he just humbled me. I'm like,
I don't know. Aging is a privilege that is denied
to so many people. So like getting old absolutely not,
Like I'm not saying that like thirty four, thirty five
or even forty is a bad thing. It's just like
(04:35):
you become acutely aware of how fast time flies, Like
you're just like, oh, like wow, like time really is flying.
Speaker 4 (04:43):
Like I'm an age that I once thought was old.
Speaker 5 (04:46):
Yeah, and where I thought my life would be at
my age at thirty one versus where I.
Speaker 4 (04:52):
Am two very different there.
Speaker 3 (04:54):
Yeah, if you'd ask to like baby, be like, oh,
even thirty. I feel like thirty for me was like
a turning point. I would have already had three kids,
I would have been married for years, I would probably
have fifty houses. Like that's just not the reality of
the situation, right, But yes, I have had a very
good week, kind of bau in and out, had a
couple of speaking events. I feel like I'm glad it's
(05:16):
August because July has been a busy month.
Speaker 4 (05:19):
Yeah, I completely agree.
Speaker 3 (05:21):
Would you guys, like, I don't know if you're interested
in this, but are like, would you like me to
read you a five star review.
Speaker 4 (05:27):
That we got this week?
Speaker 3 (05:28):
Yes? Please?
Speaker 1 (05:28):
All right?
Speaker 3 (05:29):
Right, so this is from Destiny and she said five stars.
I am genuinely so happy I somehow came across this podcast.
Speaker 4 (05:37):
I absolutely love the.
Speaker 3 (05:38):
Way things are explained, you girls have honestly made everything
so doable and made me excited about making changes with
my money habits, although I have no idea what I'm
still doing. I have started with Chaisi's and I've started
dipping into your super episodes now, as my mum always
took from her Super and encouraged me to do the
same if I ever needed money. So I feel a
(05:59):
little bit behind. Thank you so much, girls. You are
truly needed. As we don't speak about these topics enough,
isn't I was about to say it's not so pretty.
Speaker 4 (06:12):
That is really cool.
Speaker 3 (06:13):
And it's spelt a bit differently as well. It's d
E S T I N double e.
Speaker 4 (06:18):
I like that, Like the double e on the end
of her name is very French. And no, no, I
love you. I think I don't know. I always call
it the strisk thing.
Speaker 3 (06:30):
Yeah, yeah, above the no, she doesn't say that, maybe
she does. It was only on Apple Reviews I pulled
that one from, so maybe you can't have the umlau
or whatever.
Speaker 4 (06:40):
We actually call it. Absolutely, but I knew.
Speaker 3 (06:45):
Where she was going and I just you know, and
You're like, I'm not going to correct this situation anyway. Yes,
I feel in the community this week looking at the
money wins and confessions.
Speaker 4 (06:54):
What are you bringing to the table already?
Speaker 5 (06:56):
First of this week, I've got a great money in
from Alexis, who said money win. She went if I
on the weekend and purchased a pair of jeans from
cotton On, thinking that they were marked down to thirty
five dollars on sale, only to find out this one
all of their jeans have been discounted to five dollars.
Speaker 4 (07:12):
Oh my goodness, she wriged dollar jeans back. That's so
Cheap's crazy.
Speaker 5 (07:16):
She went back and bought one in each color so
that she'd have plenty to choose from, as well as
in a size up for the days when she's bloated
and feels that's so great.
Speaker 4 (07:24):
That's actually of jeans thirty dollars.
Speaker 5 (07:27):
Yeah, I agree, buy jeans a size up so that
no matter how you're feeling the shit.
Speaker 4 (07:31):
I love that. I thought about it a number of times.
I'm not gonna lie.
Speaker 3 (07:33):
I'm wearing a pair of jeans today that are fitting
quite snugly because I am a little bit bloated and
like it would.
Speaker 4 (07:40):
Be nice to have a size up.
Speaker 3 (07:41):
Oh yeah, the jeans I'm wearing weren't five dollars, So like,
I'm not buying a size up so that I can
be more comfortable.
Speaker 4 (07:47):
I'm going to sit in my discomfort.
Speaker 5 (07:49):
Yeah, I forgefo in all of our near futures. Next,
I've got money in from Claire who said there's been
lots of sales going around recently with Intero Financial Year
and all that sort of thing, and so I feel
like there's like a sale hangover, Like these guys are
trying to flog it. Yeah, they're really stretching it out
getting maximum marleage. Claire saying, Okay, I see you. I'll
take advantage, and she started buying her Christmas gift. Oh
(08:11):
a good idea, very smart, she said. She saved a
lot of money, and on top of that, she won't
be stressing too much about getting things last minute at
Christmas time. She've kept them all in a sealed container,
so it's ready to be wrapped to come December.
Speaker 4 (08:22):
That's actually genius.
Speaker 3 (08:24):
And if you're not ready to buy, maybe you could
be ready to start the list, Like maybe you could
start writing what you're going to get Jess for Christmas?
You know, like you could work that out now.
Speaker 4 (08:35):
So that we can start budgeting for it at least.
Speaker 2 (08:37):
Yeah, I love it.
Speaker 3 (08:37):
It always gets away from you, right, you go, oh,
buy one for my partner, buy one for my sister,
I've got my parents, and then all of a sudden
you're like, how's that already at five hundred dollars in budgeting?
Speaker 4 (08:46):
Ah, I work on It'll be here before you know it.
Speaker 3 (08:49):
Exactly, it's already August. I don't mean to scare you,
but that's basically the new year.
Speaker 5 (08:53):
Yeah, oh my god, tomorrow's years. Next, I've got a
money in from Georgia who said she's finally paid off
her heck, she said, that's five hundred dollars extra per
Fortnite that she will now have for her family.
Speaker 4 (09:04):
That's so crazy.
Speaker 5 (09:05):
Congratulations Georsha, that's really exciting. Next one from Jess excellent name,
who said money win. My water bottles needed replacing and
Frank Green had a warehouse sale, so I managed to
replace them, as well as pick up a few as
gifts for half of what it would have been for
the regular retail price.
Speaker 4 (09:22):
Don't I saw on social media the lines.
Speaker 3 (09:25):
Yeah crazy that you guys are willing to line up
for drink bottles but they are so expensive.
Speaker 4 (09:30):
Drink bottles are so expensive, be.
Speaker 5 (09:32):
So for real, and Frank cree ones are really nice,
like I have a couple and they last their gag.
Speaker 4 (09:36):
Which is great.
Speaker 5 (09:38):
And then last of this week, I've got money in
from Sheridan who said her husband represents her state in
softball next month. And they found out that their local
council offers a grant for those who represent sport at
a state level.
Speaker 4 (09:49):
Oh okay, I didn't even know things like that existed.
Four strange time to re account to help with the
fees associated with travel. I'm the biggest check your local council. Yes,
I don't know.
Speaker 5 (10:01):
It's just I've signed up for a sewing course ten
weeks for fifty dollars.
Speaker 4 (10:05):
Like there's all these.
Speaker 5 (10:06):
Great basically paying you at that point, literally, I can't
believe it. So counter websites. The grants I remember I
got when I was in high school. I got some.
I got it two years in a like one thousand
dollars for I don't know, academic excellence or something. I
was not particularly academically excellent.
Speaker 4 (10:23):
I just think my name in the ring one hundred percent.
Like there's all kinds of things check you council website.
Speaker 6 (10:30):
Oh my god, that's so good.
Speaker 4 (10:32):
That's very funny. All right, love that rap. Thank you, Jess.
Speaker 3 (10:36):
Miss Beck's yed what tips if you come to collect
this week?
Speaker 6 (10:40):
So this first one comes from Courtney, who says that
Aldi meal kits are great for date nights. It's quick, cheap,
easy and nice.
Speaker 4 (10:48):
To make together. Okay, but those Audi meal kits slap.
I have never seen that. Yes, you would lovemore.
Speaker 3 (10:55):
So they have, and Beck, you can correct me if
you've got more information. But it's fifteen dollars for the
meal kit and you get like the bow buns, you
get the slow cooked pork or like a different meat.
You get like all of the fillings and the sauces,
and between Steve and I there is more than enough food.
They also do like a souf lucky one and like
a few others I've seen. I've been stalking this on TikTok,
(11:18):
so like good one for you to share. I've seen
so many people talking about the meal kits, but it
seems to vary from state to state what you get
in like your Bower button kit. It must just be
based on like local availability or something.
Speaker 4 (11:30):
I've seen a couple and I'm.
Speaker 3 (11:31):
Like, hey, I don't have access to that one, but
I often like, right beside my calls is a audi
and I'll often like pop past it just to grab
those because they're so easy to have in the bridge.
Speaker 4 (11:42):
And fifteen dollars for dinner. Yeah, I'm going to need
to look that up. I think. Yeah, I did not
know this is a thing. Great people, great tip. And
also like so cute for a date night, totally, oh
my god, cute and cheap basume yep, chief fine dollars. Fantastic.
So the next one comes from Michelle who's says that.
Speaker 6 (12:00):
Apparently YouTube Movies channel has a heap of movies you
can watch for free.
Speaker 4 (12:05):
Oh I had no idea, I know, what the hell?
Speaker 3 (12:08):
Also money win, because I feel like subscriptions are getting
quite expensive. It's like Netflix, what are you doing? And
you don't even let me share the account with Jess anymore.
Speaker 4 (12:15):
It's crazy. I know that pay for our own What
is that? Well?
Speaker 6 (12:19):
I think that how Michelle found this out, it was
just like she wants to watch a movie. Sometimes you
go to your own like if you have Google TV
or something, you'll search it and it's like four ninety
nine to rent. I did not know YouTube had. I
didn't know that existed either. That is such a money.
Speaker 5 (12:32):
Wine, like a legit channel, not like one of those
ones that bootlegged.
Speaker 4 (12:35):
Yes, watch all totally. This is legit, and I think,
just give it to go. And then my one.
Speaker 6 (12:43):
I saw this on TikTok and I always kind of
mentioned something similar before, but it's about debt when it
goes to a dick collector, and.
Speaker 4 (12:49):
This thing I saw on TikTok.
Speaker 6 (12:50):
I don't know how true it is, but someone said
that there are like legal loopholes where like you don't
actually have to pay it all. And I'm not suggesting that,
but I'm suggesting I think this is true that when
collector buys debt from a big company, they buy it
for a certain amount and you have to pay off.
Let's say it's one hundred dollars and they've bought it
for fifty dollars. They still say, oh, you are one
(13:12):
hundred dollars. So that's that's how they kind of make money.
Speaker 4 (13:15):
I see.
Speaker 6 (13:15):
But I would argue that you could call up and
just see what you can do whatever you have right now.
If you're like I have two hundred dollars in my
account and iow a thousand dollars, say I will pay
two hundred dollars.
Speaker 4 (13:27):
Right now, just wipe it. I have heard of people
negotiating their debts out.
Speaker 6 (13:32):
Some people do that because if they're like, oh great,
like we have, they might have bought it for way
less than your offering, so the chances are they might
take it, or they're at least open to everything's negotiable.
Speaker 4 (13:43):
For everything's negotiable.
Speaker 3 (13:44):
But I think in particular when when it goes to
a debt collector, because it's like they haven't paid the
exact same amount, they're just buying the debt and they're
trying to like see how much they can get.
Speaker 6 (13:52):
I don't know about the legal loophole part where it's
like you don't have to pay it all and so
maybe look at research on that research.
Speaker 4 (13:59):
Should we get advice? If it's free, you don't be
any more money. And so that's my one beautiful, my
one job. I feel like that's a good collection.
Speaker 3 (14:08):
Let's go to a really quick break because on the
flip side, girls, I cannot wait to get into the
money dilemma, which this week is all about knowing when
to hold and when to fold when it comes to
an investment property and something you slid into our DMS
about which I think is going to get a little
bit spicy. Is it okay to say that you're broke
if you actually have money in your savings? Anyway, guys,
don't go anywhere. Welcome back, everybody. Let's take a listen
(14:33):
to this week's money dilemma. Hi. There, have you got
a money dilemma you just can't solve? The Sheese on
the Money team is here to help. Every week, we
tackle your dilemmas, both big and small, to answer your
most burning money.
Speaker 4 (14:47):
Career and life questions.
Speaker 3 (14:49):
To get involved, simply head to our website and leave
us a short voice recording and you might just find
yourself on the show. Now, let's take a listen to
this week's money dilemma.
Speaker 7 (15:00):
Hey, money friends, So I'm looking for some advice because
I'm really not sure what to do. I'm in the
incredibly privileged position that I own an investment property. So
I own a two bedroom apartment in Melbourne, and my
question is the building is super old, it's had burst
pipes and issues for quite a few years, and I
(15:23):
want to know what would you do. Would you sell
it knowing that apartments are not going for much in
the Melbourne market at the moment, or would you hold
on to it and let people live there peacefully and
happily and just hope that everything works out okay? From
an investment perspective, what would you do? Because I'm feeling
(15:46):
a bit lost and there's a lot of opinions.
Speaker 3 (15:48):
Oh, I feel like that's a good one. I have
a lot of thoughts, jess, what would you do?
Speaker 5 (15:53):
To be honest, I don't really know. I don't know
much about the world of investment property. It's not really
something I've considered myself, and therefore really haven't looked into
it too much. I would say, from an investment perspective,
in an ideal world, you would want to add a
minimum break even. I don't know I would be selling
it a loss unless I absolutely had to. But with
that being said, any investment property is an investment. It's
(16:15):
like anything you take on a level of risk. I
think there's a bit of a misconception that investment properties
are less risky.
Speaker 4 (16:22):
Less risky, you will always increase in value.
Speaker 5 (16:24):
There's been a lot of talk about, you know, build
a your portfolio editor like, and everyone do what's right
for you. I'm not here to pass judgment, but you
know that is the risk that you run is that
you may have to sell at a loss or you
may have issues where you know you're saying that the
apartments aren't selling for much.
Speaker 4 (16:39):
That may be the case for a while, it may change.
We don't know.
Speaker 5 (16:42):
The property market can be just as volatile as the
share market. But yeah, to be totally honest, I really
I don't know woman value.
Speaker 6 (16:49):
I know I'm kind of the same, but also I
don't think of the best person to give advice. I
was telling my friends that if I had investment property,
I would never raise the rent and I would miraculously
have all the money to just like give the renters
the best life possible. And I just wouldn't be very
financially smart, like I would be doing things that would
be detrimental to myself. Yeah, and so I guess I'm
(17:09):
not even going to think of it as a house.
I'm going to think of it as an investment strictly
similar to what you're saying.
Speaker 4 (17:14):
Yess, if it's.
Speaker 6 (17:15):
Consistently not generating income or being beneficial to you, I would.
Speaker 4 (17:22):
Get rid of it, but yeah, I think that, Yeah,
it really.
Speaker 6 (17:25):
Depends on like you at such a loss right now
that it's like I kind of want it maybe, but
then it's like the sunken cost fallacy to keep sinking.
You could sink further, but right right now where you
are is like not too bad, you know. I think
get rid of the investment property is probably causing stress
as well, Like stress free lifestyle is priceless.
Speaker 4 (17:45):
Get rid of it.
Speaker 3 (17:47):
I love that, but I have so many questions back,
collec gol when you send these into me, I just
want so many more details. Right so you are correct
at the moment, the apartment market in Melbourne is not incredible.
But I don't know when you bought this property. I
don't know how much mortgage you've got left on it.
I don't know how much rental yield you're getting from this.
(18:07):
And like historically I have had clients and I still
have clients because I run a mortgage breaking business and
we are buying literally every week, investment properties for clients.
Like we have clients who are buying properties with absolutely
no intention of that property increasing in value, but over
time they go, Okay, cool, I'm going to buy this apartment,
the rental yield is really good. After twenty five years,
(18:29):
it will have paid off the entire mortgage and then
I'll have an income stream coming in. And for them
it's a relatively low risk way of creating wealth. So
I would be looking at the rental yield, how much
money is coming in. I also would be looking at
the body corporate notes. So you're saying that there's been
like burst water pipes and stuff like that, I want
you to either attend your body corporate meetings or get
(18:52):
hold of all the meeting minutes and read through them
like a couple of burst pipes, like maybe it's a
really old but very well bund building and like those
pipes burst, and you know it didn't actually cost that
much to fix. Or you might be in an apartment
complex that has a terrible facade that needs doing up
and you know there is speculation in the meeting notes
(19:12):
that every single apartment owner is going to be up
for forty thousand dollars soon to upgrade the facades of
the building. Or you might have, like I don't know,
a lift that needs replacing and therefore another big expense
coming up. So we want to be educated and understand, well,
what's this apartment going to cost us and what's it
going to look like moving forward? But also talk to
me about take this property out. Why did you buy
(19:35):
an investment property? Did you think it would just increase
in value? Are you just looking right now at the
apartment market and getting a little bit stressed out because
you forgot to zoom out and look at the bigger
picture And maybe you've only owned it for three years
and go of course you won't have seen a lot
of uptick. Things like compound interest and increases in property
value really don't start to kick in properly until after
(19:56):
ten years. I just have a lot of questions about that,
So be zooming out, I'd be looking at rental yield.
You know, if you're renting it out and it's covering
the mortgage and you know you're okay with the ongoing
maintenance costs, maybe that is a good investment to keep
hold of, because like, what's the benefit of selling it.
Like let's say you sell it and you get your
deposit back and you've got some cash to spend, Well,
(20:19):
what would you do with that?
Speaker 4 (20:20):
Then?
Speaker 3 (20:20):
Are you going to put it into the share market?
Because you're like rental properties aren't for me?
Speaker 4 (20:25):
Fine?
Speaker 3 (20:26):
Or are you going to try and buy another property
and just hope it's quote a better property? Like at
which point where's the risk going to come in? So
I just have a lot of questions about like knowing
when to hold them and when to fold them is
a very good question, But a lot of it comes
down to, well, what is the property doing for you
right now? Stop looking at the market. What's it doing
for you personally? And what will it do for your
(20:48):
wealth moving forward? Is probably the questions I'd be asking you.
Speaker 4 (20:52):
Go, should we read the d oh? I can't wait? Okay?
Are you guys ready?
Speaker 6 (20:56):
Ready?
Speaker 4 (20:56):
Completely strap in?
Speaker 3 (20:57):
So this week we got a DM from someone in
our community and I put it on the Instagram stories
he identified of course, they said, hey, she's on the money.
My friend's been saying she's so broke for a while now,
so I've.
Speaker 4 (21:09):
Been covering her here and there.
Speaker 3 (21:11):
Nothing huge, but I didn't mind because I thought she
was genuinely struggling. Now my hours have been caught and
I'm currently living paycheck to paycheck. I owed her for
something small and asked if I could pay her next week,
and she said she was broke true, So I felt
really bad and I gave him my last thirty dollars. Later,
I found out her version of broke just means she's
out of fun money, not out of money in general,
(21:34):
she's got savings. In my opinion, broke means you don't
have any money at all. I feel really dumb, and
I feel kind of betrayed. I helped her when I
could and when I needed the same. She didn't repay
the favor and she didn't really need my help.
Speaker 4 (21:48):
What would you guys do? What would you say? Mmm?
Speaker 6 (21:51):
I think for status, like something small, just like some
of the terminology, I just want to nip in the
bud really quickly, something small to someone. Like So, if
someone owned me thirty bucks and it's like sometimes I
literally not exaggerating, have like forty six cents in my account.
If they own me thirty dollars and they're like, can
I pay you next week, obviously I'd be like, that's
so fine.
Speaker 4 (22:09):
I'm actually gonna work it out. It's fine.
Speaker 6 (22:11):
But if you can pay me thirty dollars right now,
that will go a long way. I can afford a
little thing of rice and some stings for tonight, you
know what I mean, Like it's it's thirty bucks is
a lot so small, big, subjective and depends on the person.
But I know that the context of this is that
she actually does have savings and that was just so
fun money that she ran out of. So with that knowledge,
(22:32):
I think that you, I mean, it really depends, but
I think broke in my mind, it really does mean
you don't have anything to fall back on. You don't
have anything fall back on. You are broke, broke, you
have nothing, which maybe I don't really know what the
difference is between like poor and broke. Maybe poor is
like a I don't know, but I think it's not
(22:53):
crucial that you give up this information when asking for help.
And it could be the case that, like in I
don't know, if you guys use up, you can lock
your bank account, so like it could be the situation
where like she's locked it and she actually just can't
get back into it or something. She doesn't access these
savings and she really does any money. So I think that,
you know, we can't really say how someone's feeling. And
(23:14):
you know, my girlfriend, for example, gets very anxious when
her savings dip below a certain amount, and that is
the exact same anxiety that I feel when I have
a million bills to pay and forty six cents in
my bank account. And so if I had savings at
all and it dipped below two thousand dollars, I would
be on cloud night. So the set the anxiety that
(23:34):
she feels when her savings dip below a certain point
is the same I feel when I'm literally minus one
thousand dollars. And so we can't really say that one
situation generates the same anxieties or like fear responses as another,
you know what I mean. And we can't assume that
because we've helped someone, they will do the same. Sometimes
(23:56):
we just have to help. Well, I think we should
always just help because we want to, not because we
expecting thing back. However, in saying that really quickly, last
point is that I don't think that she should be
using the term broke because it makes people like us
when we realize that their version of broke is they
still have savings, it makes us feel like shit. It
makes us feel like so far away from the world, like,
(24:16):
oh my god, here I have been thinking I relate
to everyone around me, but everyone has savings. Now I
feel so much worse than I ever thought possible because
my version of broke is nothing nothing. My version broke
is not rich parents, no help anywhere, which is so fine.
We shouldn't be expecting help, no savings, nothing that's broke.
(24:37):
And so when you hear other people using it, but
they have savings, maybe they have rich parents, maybe they
have people that can borrow money from, you're like, Okay,
I really am so so broke.
Speaker 4 (24:46):
You know what I mean. No, that's what I have
to say. Just how do you feel about it?
Speaker 7 (24:49):
Well?
Speaker 5 (24:49):
No, I'm feeling quite guilty because I've definitely used the
term broke to describe myself and I do have it saved.
Speaker 4 (24:55):
I think feel me to tackle broke. Yeah.
Speaker 5 (25:00):
I think for me, the language specifically like our listeners
asking does broke me in X or Y, I think
the term broke is very colloquialized, and so it has
become like I think it's acceptable for me to have
used it in the context that I have. But you know,
now I'm more aware of how that may make others
around me feel, and I think that's something that I
(25:20):
then need to be conscious of and others need to
be conscious of. It sounds like you and your friend
maybe just do have different definitions of what that looks like.
And so when you've said to her, oh, I'm really broke,
maybe she hasn't comprehended the vastness of that for you,
and she's applying her own lens and her own context
to that. And so when she's like, oh, well, if
you've got the money and you can pay me, like,
I'd really appreciate it. So it could be that you
(25:42):
guys are just coming from two different perspectives on it,
and that can be I guess, mitigated with a bit
more conversation. Shockingly, that being said, I do also think
that I agree with you when you said we should
do things to help people out of the goodness of
our heart, which it sounds like is exactly what our
listener did. I do also think it's it doesn't sound
like she's being a great friend in expecting you to
(26:05):
pay her when she maybe doesn't fully need it.
Speaker 3 (26:08):
But again we are missing the context. What we don't
want to first side, like, we don't know the context.
Does she know that that was your last thirty dollars?
Speaker 4 (26:14):
Correct? Do you know what I mean?
Speaker 3 (26:16):
If you were like, oh, can I just pay you
back next week, and she goes, oh, no, I really
need the cash now, because like, yeah, she might've had savings,
but she didn't have any fun money, and to her,
getting that money back was fun money. So she's like, yeah, yeah,
like if you've got to give it to me, And
then that was the entire conversation. And so you gave
her your last thirty dollars. She was like, great, I've
been paid back. I don't need to chase that next week.
(26:36):
But what she didn't realize is that that was actually
your last thirty dollars and there's.
Speaker 4 (26:41):
Some context missing that.
Speaker 3 (26:42):
If it was me and i'd done that, I can
tell you right now, I would have been skipping down
the road and like gone, yep, okay, no worries. Yeah,
but like I didn't go, hold on, is that your
last thirty dollars? And I also don't know if I
should be asking you a question like that, Like you know, Jesse,
if you owe me thirty bucks and you go, oh,
can I.
Speaker 4 (26:59):
Pay you next week?
Speaker 3 (27:00):
Yeah, but I've got it right now. V go, oh,
well just give it to me right now. Yeah, I'm
not actually ever going to go Jess, just checking before
you pay me back, no, since your last thirty dollars,
like house your finances in general, Like that's a conversation
that I wouldn't open up to. But it's a different
story if you said, oh, I've only got thirty dollars
in my account, can I just pay you back next
(27:21):
week and your friends still amount it different story, Yeah, And.
Speaker 5 (27:24):
It's it's hard because the context is key, right, Like
there's so on both sides, I think, And we don't
know how open the two of you are about money
and how comfortable you are having that conversation, but it
sounds like, you know, I can't imagine any friend taking
something from someone when they need it so desperately like
that just it's not to me. That's not what a
friend would do, And that is making me assume that
(27:46):
perhaps she wasn't aware of that additional backstory on your side,
and maybe hopefully it can all just be resolved with
a bit of a conversation. I think, same with the
language thing, saying hey, like exactly as Beck just did
when you say you're broke, but I know you've got
money and savings, Like it just makes me feel kind
of shitty. Yeah, because sometimes people don't know these things
until we tell them, yeah, and until we make them
aware of it.
Speaker 4 (28:06):
And so it's it is.
Speaker 5 (28:07):
I guess a little bit of a responsibility on two
people in a friendship, your friends for a reason you
obviously care and love about each other. Let's like have
these conversations so that we can support each other in
the ways that we need to be supported.
Speaker 4 (28:19):
Totally.
Speaker 3 (28:20):
I would agree with Beck and say that I don't
think that you should be using the terminology. And I
personally would never say I'm broke because that's not accurate.
Speaker 4 (28:30):
I'm not broke.
Speaker 3 (28:31):
I still have cash, i still have assets, I still
have stuff, And I think it's just the wrong terminology.
Speaker 4 (28:37):
Same with the word you said, poor.
Speaker 3 (28:39):
I don't think you should use that unless genuinely you
are in that situation. I think, yeah, it has become
like quite colloquial. And I know that if Jess said that.
I know enough about Jess's life that if just said,
oh my god, I'm so broke this week, I'd be like,
oh my god, girl feels like I'm going to have
a conversation with her because I know what she means,
because I have enough context about her situation and I'm
(29:00):
not offended by that in any way, shape or form,
but I can see how that might be misconstrued if
you don't have that deep level of friendship where we
both know our financial situations, right Like if I said
to you, oh my god, beck, I'm so broke, that's
so rude, or.
Speaker 4 (29:16):
I'm feeling so poor, Like, it's just not accurate.
Speaker 3 (29:19):
I think we should be using terminology around like, oh,
I just don't have.
Speaker 4 (29:21):
Budget for that anymore.
Speaker 3 (29:23):
Yeah, I've run out of my budget for that this week,
or I just don't have the cash in the bank
for that, Like you don't have to justify it to anybody,
But the word broke is not accurate, and I think
it should be reserved when people genuinely don't have any
money at all and are genuinely scraping the boar all Like,
that's what broke is.
Speaker 4 (29:41):
Let's be quite accurate about that.
Speaker 3 (29:44):
We asked the community, though, and we said, is it
right to say you're broke if you have savings?
Speaker 4 (29:49):
Sixty nine percent of you said no, savings do.
Speaker 3 (29:52):
Not equal broke, and thirty one percent of you said yes,
because my savings are off limits.
Speaker 5 (29:57):
Which is I guess kind of the perspective that I've
await You mean when I would say, oh, I'm so bro,
you would mean that I've spent all of my budgeted
income and I do have my emergency funder my house deposit,
but theoretically I shouldn't be touching that.
Speaker 4 (30:11):
Sure.
Speaker 3 (30:11):
Yeah, yeah, yeah, And I think it's like we need
to change that narrative to oh, I've run out of
budget this month, because I think if Beck you said
I've run out of budget this month, I think to
me that means that you just don't have allocated funds
for dining out, or you don't have budget.
Speaker 4 (30:27):
For a specific thing.
Speaker 3 (30:28):
Yeah, you might have budget for something else, you know,
late you might have budget, said to the side, for
your electricity bill.
Speaker 2 (30:34):
Yeah.
Speaker 3 (30:35):
The next question we asked was was the friend wrong
for taking the thirty dollars? I feel like there's so
much context here, but eighty percent of you said yes,
her friend was asking for help, and twenty percent said no,
she was owed the money. We then obviously said, girl,
what's your two cents?
Speaker 4 (30:51):
First person said this is a sticky one.
Speaker 3 (30:53):
Sounds like they need to separate money from their relationship completely.
Someone said, my savings aren't for fun. It's not to
be touched. But I would never cry poor either. Someone
else said my in quotation marks b Boke friend bought
a house after I covered her for more than a
year that ended the fire.
Speaker 4 (31:13):
Again is an additional layer of.
Speaker 3 (31:16):
I mean context again, I run a mortgage broken business.
I can get you a house for absolutely no deposit
if your parents guarantee your loan, so you could technically
be broken, have no money, no savings, no nothing, And
then your parents could turn around and not justifying this
at all, your parents could turn around and go, oh, Jess,
I really want to guarantee your home deposit. And then
when maam, thank you, ma'am you've got a mortgage. Wow,
(31:39):
that's nice, isn't it. That's very nice.
Speaker 4 (31:41):
In saone's covering you all the time. You probably shouldn't
or wouldn't.
Speaker 3 (31:45):
I would expect the financially responsible enough place to have
a mortgage, which is another question. And like I'm always
talking to our clients about making sure that you're like
proving even to yourself that you can pay back that mortgage,
Like you know, have you got genuine savings?
Speaker 4 (32:00):
Yeah, you might not have the deposits.
Speaker 3 (32:01):
So fantastic that your parents are willing to guarantee it,
but like, how are you planning on paying off this mortgage?
Speaker 4 (32:06):
What does that look like?
Speaker 5 (32:07):
Like?
Speaker 4 (32:08):
Yeah, so I think there's a bigger conversation.
Speaker 3 (32:10):
The next person said, the friend might assume that the
OPI had savings too, Like maybe they both are on
the same page about what broke means in her mind. Yeah,
because like if you say you're broke back, that means
something too different than what Jess said. And if you'd
never conversed about it, maybe you both just assumed you're
on the same page. Totally thought that Jess had nothing
and just thought that you had savings. Yeah. Someone else said,
I use the bucket method, but then I also genuinely
(32:32):
feel broke often, but I.
Speaker 4 (32:33):
Don't think that's the correct term to use.
Speaker 3 (32:36):
Someone said, I just can't afford it this week equals
I have savings, but I'm out of fun money, and
broke means you have no money.
Speaker 4 (32:43):
I'll be true.
Speaker 1 (32:44):
More.
Speaker 3 (32:45):
Next person said, I asked my friend to stop using
the word broke because it really does have different meanings
for all of us. And then the last person said, girl,
that's not your friend, she's using you run. I just
think there's just so much content next to me, seeing like,
can we just talk about what broke means? And I
think that this is where open honest money conversations. They're
(33:07):
hard to have genuinely, but they are going to put
you in a more empowered position to have conversation that
is impactful. It's like, I don't know if you're genuinely friends.
I maybe just like to see the best in everyone.
I just think your friend didn't know what was your
last thirty dollars? Ye, Like she just thought, oh, I'm
paying you back, and like maybe they were both on
the same page of brokemant you both have savings you
(33:28):
didn't want to access and she was like, nah, girl,
like use your emergency fund.
Speaker 4 (33:32):
I want my cash back. You know sure she didn't
have that. She just didn't say. I just like to
assume the best in other Absolutely anyway, just wait to
end this episode.
Speaker 3 (33:42):
Yeah, well, unfortunately, guys, that is all we have time
for today.
Speaker 4 (33:45):
So it's been a week.
Speaker 3 (33:46):
I've loved hanging out with you, but we'll see you
right early on Monday morning.
Speaker 4 (33:49):
For our money Diary by Guys, Bye.
Speaker 3 (33:58):
Did Buy shared on She's on the Money is general
in nature and does not consider your individual circumstances. She's
on the Money exists purely for educational purposes and should
not be relied upon to make an investment or financial decision.
Speaker 4 (34:11):
If you do choose to buy a financial.
Speaker 3 (34:13):
Product, read the PDS TMD and obtain appropriate financial.
Speaker 4 (34:17):
Advice tailored towards your needs.
Speaker 3 (34:19):
Victoria Divine and She's on the Money are authorized representatives
of Money showper Pty Ltd ABN three two one six
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My name's Sasha Bamblet. I'm a proud First Nations woman
and I'm here to acknowledge country t Glenn Young Ganya
nianar Kaka yah y and Binahaka nian Our gay In
Nimbini yakarum Jar Dominyamiga Umagahawaka Woman Damon Imlan Bomba ban
Gadabomba in and now in wakah ghan On yak rum
Jar water Nada. Now Hello, beautiful friends, we gather on
(00:24):
the lands of the Aboriginal people. We thank acknowledge and
respect the Abiginal people's land that we're gathering on today.
Take pleasure in all the land and respect all that
you see. She's on the Money podcast acknowledges culture, country,
community and connections, bringing you the tools, knowledge and resources
for you to thrive.
Speaker 2 (00:45):
She's on the Money. She's on the Money.
Speaker 3 (01:08):
Hello and welcome to She's on the Money, the podcast
that makes personal finance fun, especially on a Friday. It's
our favorite day of the week because we get our
team together to celebrate you, our incredible She's on the
Money community. As always, we have Miss Jess Ricci here
to share our favorite money wins. Miss becksy Ed is
going to be sharing her broke tips, and we're going
to be helping to answer a money dilemma, which is
(01:30):
all about knowing when to hold.
Speaker 4 (01:32):
And when to fold when it comes to an investment
property and something that you slid into our DMS about
this week.
Speaker 3 (01:38):
Whether it's okay to say you're broke when you actually
have savings in your bank.
Speaker 4 (01:44):
Anyway, I feel like that's going to set some good.
Speaker 3 (01:47):
Conversation before we get there. Though, Guys, how have your
weeks been?
Speaker 4 (01:52):
Go for it? My week has been eventful.
Speaker 5 (01:56):
I am just like just coming out of the tail
end of what feels like the most insane month of
my life. It's been a lot, can I do it?
It's made me very grateful to have the people I
have around me. I'll say that. You know, it's been
We've had some crazy stuff happen at work. There's just
been a lot of things out of my control. And
you guys know, I like, I like being in control.
Speaker 4 (02:14):
I am very for me and I'm like, God, it's
not that.
Speaker 5 (02:17):
Deep, yeah, but it's I am so aware that, particularly
like with work stuff, there's a flow on effect, right
because I'm kind of the in between between external internal
and I've got to say thank God for our team,
like genuinely everyone just rallied, got shit done. Like I
could not be more thankful for the girls, and also
the people like my friends and family who have all
(02:39):
very much been just needs another hug genuinely, like EI know,
it's and it's fine, Like it's not like it nothing
bad has happened. It's just you know when you have
those period. Yeah, I feel like I've been living in
like such a heightened state of stress for a couple
of weeks and now just coming off the tail end
of but I'm.
Speaker 3 (02:56):
Like, oh my god, we've booked in facials at locks
of time.
Speaker 4 (03:02):
Oh gorgeous. I was like, this will fix it, this
will fix fully. How's your week in? My week has
been fantastic.
Speaker 6 (03:11):
I've had my birthday, had my birthday party, and I
am I'm thirty three.
Speaker 4 (03:18):
That crazy talk about it. I think it feels like like.
Speaker 3 (03:21):
I just I mean, some people are like, oh my god,
it's thirty three, but I'm like, thirty three is a
good as the difference, do you know.
Speaker 4 (03:27):
What I mean? I feel like I'm always me and
I don't I don't.
Speaker 6 (03:31):
Really subscribe to like being at a certain stage at
a certain time, and like, I'm just kind of going
off script and I think I always will.
Speaker 4 (03:39):
So thirty three doesn't mean anything. Three feels like a
good number.
Speaker 3 (03:42):
It's a good number, and I think it's sad to
leave behind thirty three. It's the double digit.
Speaker 4 (03:46):
Yeah, I like, yeah, I do. Like I feel like
I feel like it resonates with thirty three.
Speaker 3 (03:50):
Yeah.
Speaker 6 (03:51):
True, I feel exactly the goddamn say, and I'm enjoying
every second.
Speaker 3 (03:57):
What about you v D reminding me of the thirty
three in June. At the end of June turned thirty four,
and I was walking with my husband and we're talking about,
like me turning thirty four, and I was like, oh, Ill,
like next year, I'm thirty.
Speaker 4 (04:10):
Five and thirty five in my head is half way
to forty.
Speaker 3 (04:12):
And he's like, girl, you're way more than halfway to forty.
I meant in terms of being in my thirties, I'm
halfway to forty, and he just humbled me. I'm like,
I don't know. Aging is a privilege that is denied
to so many people. So like getting old absolutely not,
Like I'm not saying that like thirty four, thirty five
or even forty is a bad thing. It's just like
(04:35):
you become acutely aware of how fast time flies, Like
you're just like, oh, like wow, like time really is flying.
Speaker 4 (04:43):
Like I'm an age that I once thought was old.
Speaker 5 (04:46):
Yeah, and where I thought my life would be at
my age at thirty one versus where I.
Speaker 4 (04:52):
Am two very different there.
Speaker 3 (04:54):
Yeah, if you'd ask to like baby, be like, oh,
even thirty. I feel like thirty for me was like
a turning point. I would have already had three kids,
I would have been married for years, I would probably
have fifty houses. Like that's just not the reality of
the situation, right, But yes, I have had a very
good week, kind of bau in and out, had a
couple of speaking events. I feel like I'm glad it's
(05:16):
August because July has been a busy month.
Speaker 4 (05:19):
Yeah, I completely agree.
Speaker 3 (05:21):
Would you guys, like, I don't know if you're interested
in this, but are like, would you like me to
read you a five star review.
Speaker 4 (05:27):
That we got this week?
Speaker 3 (05:28):
Yes? Please?
Speaker 1 (05:28):
All right?
Speaker 3 (05:29):
Right, so this is from Destiny and she said five stars.
I am genuinely so happy I somehow came across this podcast.
Speaker 4 (05:37):
I absolutely love the.
Speaker 3 (05:38):
Way things are explained, you girls have honestly made everything
so doable and made me excited about making changes with
my money habits, although I have no idea what I'm
still doing. I have started with Chaisi's and I've started
dipping into your super episodes now, as my mum always
took from her Super and encouraged me to do the
same if I ever needed money. So I feel a
(05:59):
little bit behind. Thank you so much, girls. You are
truly needed. As we don't speak about these topics enough,
isn't I was about to say it's not so pretty.
Speaker 4 (06:12):
That is really cool.
Speaker 3 (06:13):
And it's spelt a bit differently as well. It's d
E S T I N double e.
Speaker 4 (06:18):
I like that, Like the double e on the end
of her name is very French. And no, no, I
love you. I think I don't know. I always call
it the strisk thing.
Speaker 3 (06:30):
Yeah, yeah, above the no, she doesn't say that, maybe
she does. It was only on Apple Reviews I pulled
that one from, so maybe you can't have the umlau
or whatever.
Speaker 4 (06:40):
We actually call it. Absolutely, but I knew.
Speaker 3 (06:45):
Where she was going and I just you know, and
You're like, I'm not going to correct this situation anyway. Yes,
I feel in the community this week looking at the
money wins and confessions.
Speaker 4 (06:54):
What are you bringing to the table already?
Speaker 5 (06:56):
First of this week, I've got a great money in
from Alexis, who said money win. She went if I
on the weekend and purchased a pair of jeans from
cotton On, thinking that they were marked down to thirty
five dollars on sale, only to find out this one
all of their jeans have been discounted to five dollars.
Speaker 4 (07:12):
Oh my goodness, she wriged dollar jeans back. That's so
Cheap's crazy.
Speaker 5 (07:16):
She went back and bought one in each color so
that she'd have plenty to choose from, as well as
in a size up for the days when she's bloated
and feels that's so great.
Speaker 4 (07:24):
That's actually of jeans thirty dollars.
Speaker 5 (07:27):
Yeah, I agree, buy jeans a size up so that
no matter how you're feeling the shit.
Speaker 4 (07:31):
I love that. I thought about it a number of times.
I'm not gonna lie.
Speaker 3 (07:33):
I'm wearing a pair of jeans today that are fitting
quite snugly because I am a little bit bloated and
like it would.
Speaker 4 (07:40):
Be nice to have a size up.
Speaker 3 (07:41):
Oh yeah, the jeans I'm wearing weren't five dollars, So like,
I'm not buying a size up so that I can
be more comfortable.
Speaker 4 (07:47):
I'm going to sit in my discomfort.
Speaker 5 (07:49):
Yeah, I forgefo in all of our near futures. Next,
I've got money in from Claire who said there's been
lots of sales going around recently with Intero Financial Year
and all that sort of thing, and so I feel
like there's like a sale hangover, Like these guys are
trying to flog it. Yeah, they're really stretching it out
getting maximum marleage. Claire saying, Okay, I see you. I'll
take advantage, and she started buying her Christmas gift. Oh
(08:11):
a good idea, very smart, she said. She saved a
lot of money, and on top of that, she won't
be stressing too much about getting things last minute at
Christmas time. She've kept them all in a sealed container,
so it's ready to be wrapped to come December.
Speaker 4 (08:22):
That's actually genius.
Speaker 3 (08:24):
And if you're not ready to buy, maybe you could
be ready to start the list, Like maybe you could
start writing what you're going to get Jess for Christmas?
You know, like you could work that out now.
Speaker 4 (08:35):
So that we can start budgeting for it at least.
Speaker 2 (08:37):
Yeah, I love it.
Speaker 3 (08:37):
It always gets away from you, right, you go, oh,
buy one for my partner, buy one for my sister,
I've got my parents, and then all of a sudden
you're like, how's that already at five hundred dollars in budgeting?
Speaker 4 (08:46):
Ah, I work on It'll be here before you know it.
Speaker 3 (08:49):
Exactly, it's already August. I don't mean to scare you,
but that's basically the new year.
Speaker 5 (08:53):
Yeah, oh my god, tomorrow's years. Next, I've got a
money in from Georgia who said she's finally paid off
her heck, she said, that's five hundred dollars extra per
Fortnite that she will now have for her family.
Speaker 4 (09:04):
That's so crazy.
Speaker 5 (09:05):
Congratulations Georsha, that's really exciting. Next one from Jess excellent name,
who said money win. My water bottles needed replacing and
Frank Green had a warehouse sale, so I managed to
replace them, as well as pick up a few as
gifts for half of what it would have been for
the regular retail price.
Speaker 4 (09:22):
Don't I saw on social media the lines.
Speaker 3 (09:25):
Yeah crazy that you guys are willing to line up
for drink bottles but they are so expensive.
Speaker 4 (09:30):
Drink bottles are so expensive, be.
Speaker 5 (09:32):
So for real, and Frank cree ones are really nice,
like I have a couple and they last their gag.
Speaker 4 (09:36):
Which is great.
Speaker 5 (09:38):
And then last of this week, I've got money in
from Sheridan who said her husband represents her state in
softball next month. And they found out that their local
council offers a grant for those who represent sport at
a state level.
Speaker 4 (09:49):
Oh okay, I didn't even know things like that existed.
Four strange time to re account to help with the
fees associated with travel. I'm the biggest check your local council. Yes,
I don't know.
Speaker 5 (10:01):
It's just I've signed up for a sewing course ten
weeks for fifty dollars.
Speaker 4 (10:05):
Like there's all these.
Speaker 5 (10:06):
Great basically paying you at that point, literally, I can't
believe it. So counter websites. The grants I remember I
got when I was in high school. I got some.
I got it two years in a like one thousand
dollars for I don't know, academic excellence or something. I
was not particularly academically excellent.
Speaker 4 (10:23):
I just think my name in the ring one hundred percent.
Like there's all kinds of things check you council website.
Speaker 6 (10:30):
Oh my god, that's so good.
Speaker 4 (10:32):
That's very funny. All right, love that rap. Thank you, Jess.
Speaker 3 (10:36):
Miss Beck's yed what tips if you come to collect
this week?
Speaker 6 (10:40):
So this first one comes from Courtney, who says that
Aldi meal kits are great for date nights. It's quick, cheap,
easy and nice.
Speaker 4 (10:48):
To make together. Okay, but those Audi meal kits slap.
I have never seen that. Yes, you would lovemore.
Speaker 3 (10:55):
So they have, and Beck, you can correct me if
you've got more information. But it's fifteen dollars for the
meal kit and you get like the bow buns, you
get the slow cooked pork or like a different meat.
You get like all of the fillings and the sauces,
and between Steve and I there is more than enough food.
They also do like a souf lucky one and like
a few others I've seen. I've been stalking this on TikTok,
(11:18):
so like good one for you to share. I've seen
so many people talking about the meal kits, but it
seems to vary from state to state what you get
in like your Bower button kit. It must just be
based on like local availability or something.
Speaker 4 (11:30):
I've seen a couple and I'm.
Speaker 3 (11:31):
Like, hey, I don't have access to that one, but
I often like, right beside my calls is a audi
and I'll often like pop past it just to grab
those because they're so easy to have in the bridge.
Speaker 4 (11:42):
And fifteen dollars for dinner. Yeah, I'm going to need
to look that up. I think. Yeah, I did not
know this is a thing. Great people, great tip. And
also like so cute for a date night, totally, oh
my god, cute and cheap basume yep, chief fine dollars. Fantastic.
So the next one comes from Michelle who's says that.
Speaker 6 (12:00):
Apparently YouTube Movies channel has a heap of movies you
can watch for free.
Speaker 4 (12:05):
Oh I had no idea, I know, what the hell?
Speaker 3 (12:08):
Also money win, because I feel like subscriptions are getting
quite expensive. It's like Netflix, what are you doing? And
you don't even let me share the account with Jess anymore.
Speaker 4 (12:15):
It's crazy. I know that pay for our own What
is that? Well?
Speaker 6 (12:19):
I think that how Michelle found this out, it was
just like she wants to watch a movie. Sometimes you
go to your own like if you have Google TV
or something, you'll search it and it's like four ninety
nine to rent. I did not know YouTube had. I
didn't know that existed either. That is such a money.
Speaker 5 (12:32):
Wine, like a legit channel, not like one of those
ones that bootlegged.
Speaker 4 (12:35):
Yes, watch all totally. This is legit, and I think,
just give it to go. And then my one.
Speaker 6 (12:43):
I saw this on TikTok and I always kind of
mentioned something similar before, but it's about debt when it
goes to a dick collector, and.
Speaker 4 (12:49):
This thing I saw on TikTok.
Speaker 6 (12:50):
I don't know how true it is, but someone said
that there are like legal loopholes where like you don't
actually have to pay it all. And I'm not suggesting that,
but I'm suggesting I think this is true that when
collector buys debt from a big company, they buy it
for a certain amount and you have to pay off.
Let's say it's one hundred dollars and they've bought it
for fifty dollars. They still say, oh, you are one
(13:12):
hundred dollars. So that's that's how they kind of make money.
Speaker 4 (13:15):
I see.
Speaker 6 (13:15):
But I would argue that you could call up and
just see what you can do whatever you have right now.
If you're like I have two hundred dollars in my
account and iow a thousand dollars, say I will pay
two hundred dollars.
Speaker 4 (13:27):
Right now, just wipe it. I have heard of people
negotiating their debts out.
Speaker 6 (13:32):
Some people do that because if they're like, oh great,
like we have, they might have bought it for way
less than your offering, so the chances are they might
take it, or they're at least open to everything's negotiable.
Speaker 4 (13:43):
For everything's negotiable.
Speaker 3 (13:44):
But I think in particular when when it goes to
a debt collector, because it's like they haven't paid the
exact same amount, they're just buying the debt and they're
trying to like see how much they can get.
Speaker 6 (13:52):
I don't know about the legal loophole part where it's
like you don't have to pay it all and so
maybe look at research on that research.
Speaker 4 (13:59):
Should we get advice? If it's free, you don't be
any more money. And so that's my one beautiful, my
one job. I feel like that's a good collection.
Speaker 3 (14:08):
Let's go to a really quick break because on the
flip side, girls, I cannot wait to get into the
money dilemma, which this week is all about knowing when
to hold and when to fold when it comes to
an investment property and something you slid into our DMS
about which I think is going to get a little
bit spicy. Is it okay to say that you're broke
if you actually have money in your savings? Anyway, guys,
don't go anywhere. Welcome back, everybody. Let's take a listen
(14:33):
to this week's money dilemma. Hi. There, have you got
a money dilemma you just can't solve? The Sheese on
the Money team is here to help. Every week, we
tackle your dilemmas, both big and small, to answer your
most burning money.
Speaker 4 (14:47):
Career and life questions.
Speaker 3 (14:49):
To get involved, simply head to our website and leave
us a short voice recording and you might just find
yourself on the show. Now, let's take a listen to
this week's money dilemma.
Speaker 7 (15:00):
Hey, money friends, So I'm looking for some advice because
I'm really not sure what to do. I'm in the
incredibly privileged position that I own an investment property. So
I own a two bedroom apartment in Melbourne, and my
question is the building is super old, it's had burst
pipes and issues for quite a few years, and I
(15:23):
want to know what would you do. Would you sell
it knowing that apartments are not going for much in
the Melbourne market at the moment, or would you hold
on to it and let people live there peacefully and
happily and just hope that everything works out okay? From
an investment perspective, what would you do? Because I'm feeling
(15:46):
a bit lost and there's a lot of opinions.
Speaker 3 (15:48):
Oh, I feel like that's a good one. I have
a lot of thoughts, jess, what would you do?
Speaker 5 (15:53):
To be honest, I don't really know. I don't know
much about the world of investment property. It's not really
something I've considered myself, and therefore really haven't looked into
it too much. I would say, from an investment perspective,
in an ideal world, you would want to add a
minimum break even. I don't know I would be selling
it a loss unless I absolutely had to. But with
that being said, any investment property is an investment. It's
(16:15):
like anything you take on a level of risk. I
think there's a bit of a misconception that investment properties
are less risky.
Speaker 4 (16:22):
Less risky, you will always increase in value.
Speaker 5 (16:24):
There's been a lot of talk about, you know, build
a your portfolio editor like, and everyone do what's right
for you. I'm not here to pass judgment, but you
know that is the risk that you run is that
you may have to sell at a loss or you
may have issues where you know you're saying that the
apartments aren't selling for much.
Speaker 4 (16:39):
That may be the case for a while, it may change.
We don't know.
Speaker 5 (16:42):
The property market can be just as volatile as the
share market. But yeah, to be totally honest, I really
I don't know woman value.
Speaker 6 (16:49):
I know I'm kind of the same, but also I
don't think of the best person to give advice. I
was telling my friends that if I had investment property,
I would never raise the rent and I would miraculously
have all the money to just like give the renters
the best life possible. And I just wouldn't be very
financially smart, like I would be doing things that would
be detrimental to myself. Yeah, and so I guess I'm
(17:09):
not even going to think of it as a house.
I'm going to think of it as an investment strictly
similar to what you're saying.
Speaker 4 (17:14):
Yess, if it's.
Speaker 6 (17:15):
Consistently not generating income or being beneficial to you, I would.
Speaker 4 (17:22):
Get rid of it, but yeah, I think that, Yeah,
it really.
Speaker 6 (17:25):
Depends on like you at such a loss right now
that it's like I kind of want it maybe, but
then it's like the sunken cost fallacy to keep sinking.
You could sink further, but right right now where you
are is like not too bad, you know. I think
get rid of the investment property is probably causing stress
as well, Like stress free lifestyle is priceless.
Speaker 4 (17:45):
Get rid of it.
Speaker 3 (17:47):
I love that, but I have so many questions back,
collec gol when you send these into me, I just
want so many more details. Right so you are correct
at the moment, the apartment market in Melbourne is not incredible.
But I don't know when you bought this property. I
don't know how much mortgage you've got left on it.
I don't know how much rental yield you're getting from this.
(18:07):
And like historically I have had clients and I still
have clients because I run a mortgage breaking business and
we are buying literally every week, investment properties for clients.
Like we have clients who are buying properties with absolutely
no intention of that property increasing in value, but over
time they go, Okay, cool, I'm going to buy this apartment,
the rental yield is really good. After twenty five years,
(18:29):
it will have paid off the entire mortgage and then
I'll have an income stream coming in. And for them
it's a relatively low risk way of creating wealth. So
I would be looking at the rental yield, how much
money is coming in. I also would be looking at
the body corporate notes. So you're saying that there's been
like burst water pipes and stuff like that, I want
you to either attend your body corporate meetings or get
(18:52):
hold of all the meeting minutes and read through them
like a couple of burst pipes, like maybe it's a
really old but very well bund building and like those
pipes burst, and you know it didn't actually cost that
much to fix. Or you might be in an apartment
complex that has a terrible facade that needs doing up
and you know there is speculation in the meeting notes
(19:12):
that every single apartment owner is going to be up
for forty thousand dollars soon to upgrade the facades of
the building. Or you might have, like I don't know,
a lift that needs replacing and therefore another big expense
coming up. So we want to be educated and understand, well,
what's this apartment going to cost us and what's it
going to look like moving forward? But also talk to
me about take this property out. Why did you buy
(19:35):
an investment property? Did you think it would just increase
in value? Are you just looking right now at the
apartment market and getting a little bit stressed out because
you forgot to zoom out and look at the bigger
picture And maybe you've only owned it for three years
and go of course you won't have seen a lot
of uptick. Things like compound interest and increases in property
value really don't start to kick in properly until after
(19:56):
ten years. I just have a lot of questions about that,
So be zooming out, I'd be looking at rental yield.
You know, if you're renting it out and it's covering
the mortgage and you know you're okay with the ongoing
maintenance costs, maybe that is a good investment to keep
hold of, because like, what's the benefit of selling it.
Like let's say you sell it and you get your
deposit back and you've got some cash to spend, Well,
(20:19):
what would you do with that?
Speaker 4 (20:20):
Then?
Speaker 3 (20:20):
Are you going to put it into the share market?
Because you're like rental properties aren't for me?
Speaker 4 (20:25):
Fine?
Speaker 3 (20:26):
Or are you going to try and buy another property
and just hope it's quote a better property? Like at
which point where's the risk going to come in? So
I just have a lot of questions about like knowing
when to hold them and when to fold them is
a very good question, But a lot of it comes
down to, well, what is the property doing for you
right now? Stop looking at the market. What's it doing
for you personally? And what will it do for your
(20:48):
wealth moving forward? Is probably the questions I'd be asking you.
Speaker 4 (20:52):
Go, should we read the d oh? I can't wait? Okay?
Are you guys ready?
Speaker 6 (20:56):
Ready?
Speaker 4 (20:56):
Completely strap in?
Speaker 3 (20:57):
So this week we got a DM from someone in
our community and I put it on the Instagram stories
he identified of course, they said, hey, she's on the money.
My friend's been saying she's so broke for a while now,
so I've.
Speaker 4 (21:09):
Been covering her here and there.
Speaker 3 (21:11):
Nothing huge, but I didn't mind because I thought she
was genuinely struggling. Now my hours have been caught and
I'm currently living paycheck to paycheck. I owed her for
something small and asked if I could pay her next week,
and she said she was broke true, So I felt
really bad and I gave him my last thirty dollars. Later,
I found out her version of broke just means she's
out of fun money, not out of money in general,
(21:34):
she's got savings. In my opinion, broke means you don't
have any money at all. I feel really dumb, and
I feel kind of betrayed. I helped her when I
could and when I needed the same. She didn't repay
the favor and she didn't really need my help.
Speaker 4 (21:48):
What would you guys do? What would you say? Mmm?
Speaker 6 (21:51):
I think for status, like something small, just like some
of the terminology, I just want to nip in the
bud really quickly, something small to someone. Like So, if
someone owned me thirty bucks and it's like sometimes I
literally not exaggerating, have like forty six cents in my account.
If they own me thirty dollars and they're like, can
I pay you next week, obviously I'd be like, that's
so fine.
Speaker 4 (22:09):
I'm actually gonna work it out. It's fine.
Speaker 6 (22:11):
But if you can pay me thirty dollars right now,
that will go a long way. I can afford a
little thing of rice and some stings for tonight, you
know what I mean, Like it's it's thirty bucks is
a lot so small, big, subjective and depends on the person.
But I know that the context of this is that
she actually does have savings and that was just so
fun money that she ran out of. So with that knowledge,
(22:32):
I think that you, I mean, it really depends, but
I think broke in my mind, it really does mean
you don't have anything to fall back on. You don't
have anything fall back on. You are broke, broke, you
have nothing, which maybe I don't really know what the
difference is between like poor and broke. Maybe poor is
like a I don't know, but I think it's not
(22:53):
crucial that you give up this information when asking for help.
And it could be the case that, like in I
don't know, if you guys use up, you can lock
your bank account, so like it could be the situation
where like she's locked it and she actually just can't
get back into it or something. She doesn't access these
savings and she really does any money. So I think that,
you know, we can't really say how someone's feeling. And
(23:14):
you know, my girlfriend, for example, gets very anxious when
her savings dip below a certain amount, and that is
the exact same anxiety that I feel when I have
a million bills to pay and forty six cents in
my bank account. And so if I had savings at
all and it dipped below two thousand dollars, I would
be on cloud night. So the set the anxiety that
(23:34):
she feels when her savings dip below a certain point
is the same I feel when I'm literally minus one
thousand dollars. And so we can't really say that one
situation generates the same anxieties or like fear responses as another,
you know what I mean. And we can't assume that
because we've helped someone, they will do the same. Sometimes
(23:56):
we just have to help. Well, I think we should
always just help because we want to, not because we
expecting thing back. However, in saying that really quickly, last
point is that I don't think that she should be
using the term broke because it makes people like us
when we realize that their version of broke is they
still have savings, it makes us feel like shit. It
makes us feel like so far away from the world, like,
(24:16):
oh my god, here I have been thinking I relate
to everyone around me, but everyone has savings. Now I
feel so much worse than I ever thought possible because
my version of broke is nothing nothing. My version broke
is not rich parents, no help anywhere, which is so fine.
We shouldn't be expecting help, no savings, nothing that's broke.
(24:37):
And so when you hear other people using it, but
they have savings, maybe they have rich parents, maybe they
have people that can borrow money from, you're like, Okay,
I really am so so broke.
Speaker 4 (24:46):
You know what I mean. No, that's what I have
to say. Just how do you feel about it?
Speaker 7 (24:49):
Well?
Speaker 5 (24:49):
No, I'm feeling quite guilty because I've definitely used the
term broke to describe myself and I do have it saved.
Speaker 4 (24:55):
I think feel me to tackle broke. Yeah.
Speaker 5 (25:00):
I think for me, the language specifically like our listeners
asking does broke me in X or Y, I think
the term broke is very colloquialized, and so it has
become like I think it's acceptable for me to have
used it in the context that I have. But you know,
now I'm more aware of how that may make others
around me feel, and I think that's something that I
(25:20):
then need to be conscious of and others need to
be conscious of. It sounds like you and your friend
maybe just do have different definitions of what that looks like.
And so when you've said to her, oh, I'm really broke,
maybe she hasn't comprehended the vastness of that for you,
and she's applying her own lens and her own context
to that. And so when she's like, oh, well, if
you've got the money and you can pay me, like,
I'd really appreciate it. So it could be that you
(25:42):
guys are just coming from two different perspectives on it,
and that can be I guess, mitigated with a bit
more conversation. Shockingly, that being said, I do also think
that I agree with you when you said we should
do things to help people out of the goodness of
our heart, which it sounds like is exactly what our
listener did. I do also think it's it doesn't sound
like she's being a great friend in expecting you to
(26:05):
pay her when she maybe doesn't fully need it.
Speaker 3 (26:08):
But again we are missing the context. What we don't
want to first side, like, we don't know the context.
Does she know that that was your last thirty dollars?
Speaker 4 (26:14):
Correct? Do you know what I mean?
Speaker 3 (26:16):
If you were like, oh, can I just pay you
back next week, and she goes, oh, no, I really
need the cash now, because like, yeah, she might've had savings,
but she didn't have any fun money, and to her,
getting that money back was fun money. So she's like, yeah, yeah,
like if you've got to give it to me, And
then that was the entire conversation. And so you gave
her your last thirty dollars. She was like, great, I've
been paid back. I don't need to chase that next week.
(26:36):
But what she didn't realize is that that was actually
your last thirty dollars and there's.
Speaker 4 (26:41):
Some context missing that.
Speaker 3 (26:42):
If it was me and i'd done that, I can
tell you right now, I would have been skipping down
the road and like gone, yep, okay, no worries. Yeah,
but like I didn't go, hold on, is that your
last thirty dollars? And I also don't know if I
should be asking you a question like that, Like you know, Jesse,
if you owe me thirty bucks and you go, oh,
can I.
Speaker 4 (26:59):
Pay you next week?
Speaker 3 (27:00):
Yeah, but I've got it right now. V go, oh,
well just give it to me right now. Yeah, I'm
not actually ever going to go Jess, just checking before
you pay me back, no, since your last thirty dollars,
like house your finances in general, Like that's a conversation
that I wouldn't open up to. But it's a different
story if you said, oh, I've only got thirty dollars
in my account, can I just pay you back next
(27:21):
week and your friends still amount it different story, Yeah, And.
Speaker 5 (27:24):
It's it's hard because the context is key, right, Like
there's so on both sides, I think, And we don't
know how open the two of you are about money
and how comfortable you are having that conversation, but it
sounds like, you know, I can't imagine any friend taking
something from someone when they need it so desperately like
that just it's not to me. That's not what a
friend would do, And that is making me assume that
(27:46):
perhaps she wasn't aware of that additional backstory on your side,
and maybe hopefully it can all just be resolved with
a bit of a conversation. I think, same with the
language thing, saying hey, like exactly as Beck just did
when you say you're broke, but I know you've got
money and savings, Like it just makes me feel kind
of shitty. Yeah, because sometimes people don't know these things
until we tell them, yeah, and until we make them
aware of it.
Speaker 4 (28:06):
And so it's it is.
Speaker 5 (28:07):
I guess a little bit of a responsibility on two
people in a friendship, your friends for a reason you
obviously care and love about each other. Let's like have
these conversations so that we can support each other in
the ways that we need to be supported.
Speaker 4 (28:19):
Totally.
Speaker 3 (28:20):
I would agree with Beck and say that I don't
think that you should be using the terminology. And I
personally would never say I'm broke because that's not accurate.
Speaker 4 (28:30):
I'm not broke.
Speaker 3 (28:31):
I still have cash, i still have assets, I still
have stuff, And I think it's just the wrong terminology.
Speaker 4 (28:37):
Same with the word you said, poor.
Speaker 3 (28:39):
I don't think you should use that unless genuinely you
are in that situation. I think, yeah, it has become
like quite colloquial. And I know that if Jess said that.
I know enough about Jess's life that if just said,
oh my god, I'm so broke this week, I'd be like,
oh my god, girl feels like I'm going to have
a conversation with her because I know what she means,
because I have enough context about her situation and I'm
(29:00):
not offended by that in any way, shape or form,
but I can see how that might be misconstrued if
you don't have that deep level of friendship where we
both know our financial situations, right Like if I said
to you, oh my god, beck, I'm so broke, that's
so rude, or.
Speaker 4 (29:16):
I'm feeling so poor, Like, it's just not accurate.
Speaker 3 (29:19):
I think we should be using terminology around like, oh,
I just don't have.
Speaker 4 (29:21):
Budget for that anymore.
Speaker 3 (29:23):
Yeah, I've run out of my budget for that this week,
or I just don't have the cash in the bank
for that, Like you don't have to justify it to anybody,
But the word broke is not accurate, and I think
it should be reserved when people genuinely don't have any
money at all and are genuinely scraping the boar all Like,
that's what broke is.
Speaker 4 (29:41):
Let's be quite accurate about that.
Speaker 3 (29:44):
We asked the community, though, and we said, is it
right to say you're broke if you have savings?
Speaker 4 (29:49):
Sixty nine percent of you said no, savings do.
Speaker 3 (29:52):
Not equal broke, and thirty one percent of you said yes,
because my savings are off limits.
Speaker 5 (29:57):
Which is I guess kind of the perspective that I've
await You mean when I would say, oh, I'm so bro,
you would mean that I've spent all of my budgeted
income and I do have my emergency funder my house deposit,
but theoretically I shouldn't be touching that.
Speaker 4 (30:11):
Sure.
Speaker 3 (30:11):
Yeah, yeah, yeah, And I think it's like we need
to change that narrative to oh, I've run out of
budget this month, because I think if Beck you said
I've run out of budget this month, I think to
me that means that you just don't have allocated funds
for dining out, or you don't have budget.
Speaker 4 (30:27):
For a specific thing.
Speaker 3 (30:28):
Yeah, you might have budget for something else, you know,
late you might have budget, said to the side, for
your electricity bill.
Speaker 2 (30:34):
Yeah.
Speaker 3 (30:35):
The next question we asked was was the friend wrong
for taking the thirty dollars? I feel like there's so
much context here, but eighty percent of you said yes,
her friend was asking for help, and twenty percent said no,
she was owed the money. We then obviously said, girl,
what's your two cents?
Speaker 4 (30:51):
First person said this is a sticky one.
Speaker 3 (30:53):
Sounds like they need to separate money from their relationship completely.
Someone said, my savings aren't for fun. It's not to
be touched. But I would never cry poor either. Someone
else said my in quotation marks b Boke friend bought
a house after I covered her for more than a
year that ended the fire.
Speaker 4 (31:13):
Again is an additional layer of.
Speaker 3 (31:16):
I mean context again, I run a mortgage broken business.
I can get you a house for absolutely no deposit
if your parents guarantee your loan, so you could technically
be broken, have no money, no savings, no nothing, And
then your parents could turn around and not justifying this
at all, your parents could turn around and go, oh, Jess,
I really want to guarantee your home deposit. And then
when maam, thank you, ma'am you've got a mortgage. Wow,
(31:39):
that's nice, isn't it. That's very nice.
Speaker 4 (31:41):
In saone's covering you all the time. You probably shouldn't
or wouldn't.
Speaker 3 (31:45):
I would expect the financially responsible enough place to have
a mortgage, which is another question. And like I'm always
talking to our clients about making sure that you're like
proving even to yourself that you can pay back that mortgage,
Like you know, have you got genuine savings?
Speaker 4 (32:00):
Yeah, you might not have the deposits.
Speaker 3 (32:01):
So fantastic that your parents are willing to guarantee it,
but like, how are you planning on paying off this mortgage?
Speaker 4 (32:06):
What does that look like?
Speaker 5 (32:07):
Like?
Speaker 4 (32:08):
Yeah, so I think there's a bigger conversation.
Speaker 3 (32:10):
The next person said, the friend might assume that the
OPI had savings too, Like maybe they both are on
the same page about what broke means in her mind. Yeah,
because like if you say you're broke back, that means
something too different than what Jess said. And if you'd
never conversed about it, maybe you both just assumed you're
on the same page. Totally thought that Jess had nothing
and just thought that you had savings. Yeah. Someone else said,
I use the bucket method, but then I also genuinely
(32:32):
feel broke often, but I.
Speaker 4 (32:33):
Don't think that's the correct term to use.
Speaker 3 (32:36):
Someone said, I just can't afford it this week equals
I have savings, but I'm out of fun money, and
broke means you have no money.
Speaker 4 (32:43):
I'll be true.
Speaker 1 (32:44):
More.
Speaker 3 (32:45):
Next person said, I asked my friend to stop using
the word broke because it really does have different meanings
for all of us. And then the last person said, girl,
that's not your friend, she's using you run. I just
think there's just so much content next to me, seeing like,
can we just talk about what broke means? And I
think that this is where open honest money conversations. They're
(33:07):
hard to have genuinely, but they are going to put
you in a more empowered position to have conversation that
is impactful. It's like, I don't know if you're genuinely friends.
I maybe just like to see the best in everyone.
I just think your friend didn't know what was your
last thirty dollars? Ye, Like she just thought, oh, I'm
paying you back, and like maybe they were both on
the same page of brokemant you both have savings you
(33:28):
didn't want to access and she was like, nah, girl,
like use your emergency fund.
Speaker 4 (33:32):
I want my cash back. You know sure she didn't
have that. She just didn't say. I just like to
assume the best in other Absolutely anyway, just wait to
end this episode.
Speaker 3 (33:42):
Yeah, well, unfortunately, guys, that is all we have time
for today.
Speaker 4 (33:45):
So it's been a week.
Speaker 3 (33:46):
I've loved hanging out with you, but we'll see you
right early on Monday morning.
Speaker 4 (33:49):
For our money Diary by Guys, Bye.
Speaker 3 (33:58):
Did Buy shared on She's on the Money is general
in nature and does not consider your individual circumstances. She's
on the Money exists purely for educational purposes and should
not be relied upon to make an investment or financial decision.
Speaker 4 (34:11):
If you do choose to buy a financial.
Speaker 3 (34:13):
Product, read the PDS TMD and obtain appropriate financial.
Speaker 4 (34:17):
Advice tailored towards your needs.
Speaker 3 (34:19):
Victoria Divine and She's on the Money are authorized representatives
of Money showper Pty Ltd ABN three two one six
four nine two seven seven zero eight AFSL four five
one two eight nine
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