September 10, 2025 • 50 mins
We finally got to do it... sit down with Prime Minister Anthony Albanese and ask the money questions that actually matter to you. Not the political theatre ones, but the real-life stuff that keeps you up at night: the weekly food shop, housing that feels out of reach, and childcare costs that just don’t add up. But this wasn’t all serious policy talk. We dug into his own money story, swapped budgeting habits, and even threw him some of our favourite spicy questions; from Trump’s tariffs to his most unpopular money opinion. His answers? Let’s just say they weren’t what we expected.
In this ep:
💸 The childhood money memory that still shapes the PM today
💸 His plan for tackling your biggest money stresses
💸 How the PM really sees Australia’s housing crisis
💸 The childcare shift that could change family budgets
💸 His hot takes on Trump, crypto and billionaire space trips
💸 The money habit hiding in his wallet
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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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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
My name is Tatasha Bamblet. I'm a proud First Nations
woman and I'm here to acknowledge country t Glenn Young
Ganya Niana, Kaka yah Ya bin Ahaka nian Ar gay
In Mbina yakarum jar dominyamiga Umagahawakaman damon imlan Wumba bang
Gadabomba in and now in wakah ghana on yakraum jar Watnadaa. Hello,
(00:22):
beautiful friends, we gather on the lands of the Aboriginal people.
We thank acknowledge and respect the Aberiginal 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.
Speaker 3 (00:47):
She's on the Money.
Speaker 4 (01:08):
Hello and welcome to She's on the Money, the podcast
that's here to give Australia's finances a glower.
Speaker 3 (01:14):
Now, that wasn't bad, but given you intro, it means
that I now get to ask all of the perfect questions.
So I hope you're ready for that, my friends. I
am your host, Victoria devine and you did hear that
voice correctly. I have somehow convinced the Prime Minister of
Australia to join us for a very special episode of
She's on the Money. A very big welcome to you,
(01:36):
mister Prime Minister, or am I allowed to call you Albo? Absolutely,
just so everyone knows Parliament is actually sitting at the moment,
which for me is a big moment. You tend me
is absolutely screaming. So if you hear any bells during
our chat, that might mean our friend Albo has to
run off and vote, which is actually very cool. But
before we dive into the nitty gritty and we're going
(01:58):
to talk housing, we're going to talk women's health, We're
going to just talk a lot about things that impact
my community specifically, because, like Mayky, while the sun is shining,
one of my favorite parts of my community is our
ability to share our money stories. So money stories are
those deep seated thoughts, feeling, beliefs, and values that you
have around money. And I wanted to ask you what
(02:20):
is your earliest memory of money?
Speaker 4 (02:23):
Oh? Gee, well, I grew up with probably people know,
with just myself my mum and she was on a
single parent and then became an invalid pensioner. And she
was fantastic with money. She did something that will not
be familiar to many of your listeners of your age
(02:46):
and younger. But you used to go to the post
office and you had these little booklets and you'd buy
literally postage stamps and you put them in the book
to pay then your telecom as it was then built,
or gas bill, or your electricity bill in these little
literally paper folders. So that way when every pension came
(03:09):
in every fortnight, she would put money either in envelopes
for the rent or for the various bills that would
come in.
Speaker 3 (03:20):
So she had an envelope budgeting.
Speaker 4 (03:22):
She had a complete system every fortnight. She was extraordinary.
So we never had any money. Money was really tight,
and so she would budget though, so that we never
went without food or essentials. We didn't have any luxuries exactly.
(03:45):
Was so she taught me. I'm very frugal and she
very much taught me the value of money and what
it was like growing up like that. I still people
will laugh at me because I will do my points
at the supermarket and will look for I will buy
(04:07):
the dog food for Toto will buy it when it's
on special things.
Speaker 3 (04:15):
Sorry, that's really important.
Speaker 4 (04:17):
So I'm completely still focused like that as part of
my upbringing. But Mum, when she died at age just
sixty five, and she had a pretty tough life, she
was spent at the end of that. But when she died,
she was actually ahead in her Meyer's card because she
(04:39):
would also pay everything in our house came from Grace Brothers.
Broadway was the supermarket and the departmental store and everything,
but then became Meyers later on, so any goods that
she had to buy would have been got on layby,
and she was ahead. Meyers owed her money about thirty
dollars and she was ahead about four weeks in her
(05:03):
rent to the New South Wales housing department as well.
She was extraordinary that she was able to do that.
And she'd also put aside a little bit of money
every fortnight for gifts or for extras, for if any
of the kids in the neighborhood were having a birthday,
(05:24):
they'd get just a little something. It might have just
been a chocolate or something.
Speaker 3 (05:28):
But she sounds so nice.
Speaker 4 (05:31):
Yeah, she was an amazing woman who also had an
incredibly tough life but never complained about anything at all,
and never asked for anything, and would always when we'd
see the red shield appills. She liked the Salvos in particular,
and she would always say, you always have to give money.
(05:55):
It was before the big issue was around. She would
have been the person who would have always bought a
even if it was her last ten dollars. She would
have kicked in to make a difference.
Speaker 3 (06:06):
I love that, and I feel like there is a
theme in your life of very strong women.
Speaker 4 (06:12):
There is.
Speaker 3 (06:12):
I'm going to pivot a little bit and hopefully you'll
let me talk about Jody. You are getting married later
this year to a woman that I very much admire.
She's worked in finance for a very long time, and
I want to know what have you learnt from living
with a very strong woman, being brought up by a
very strong woman about I guess, the value of money
(06:35):
and what that looks like. Because you're coming from a
place that I think is incredibly reflective of the average Australian.
Speaker 4 (06:43):
My mum was really about personal relationship that we had,
in the relationship she had with neighbors. Jodie is someone
who's very passionate about superannuation, about financial security.
Speaker 3 (06:56):
I think we'd get on.
Speaker 4 (06:58):
You and Jody are a match made in heaven.
Speaker 3 (07:01):
Oh well, I'm sorry to tread on your time.
Speaker 4 (07:03):
No question about that, having read your pieces as well,
and I know she does follow you, so's she's quite
excited about me doing this podcast.
Speaker 3 (07:14):
Actually is going to have to stop.
Speaker 1 (07:16):
She is.
Speaker 4 (07:17):
So she's someone who's worked in banking and finance for
a long period of time. She is passionate about making
a difference, particularly for people who need that financial security
es central service workers, and she's worked as well, through
a couple of superannuation companies at affordable housing for essential workers.
(07:40):
And she's very creative in how she engages.
Speaker 3 (07:45):
And do you think that that has helped you in
or helped inform you on the way that you create
and think about policy.
Speaker 4 (07:51):
It has, But we we're careful as well to not
talk about any detail of her work in general. Of course,
So when I was raised, but there was just me
and my mother, and I've always been very passionate about
gender equality and that is so important, and that's I
(08:14):
think been one of the things that I hope at
the end of my period in office that people will
look back and say, wow, you know, that's something that
a difference was made, whether it be in representation. Now,
majority of the Cabinet, majority of the government caucus members,
these incredibly strong women, Penny Wong, the leader in the Senate,
(08:37):
Katie Gallahers Finance Minister, Tenure polibasek ann arly Anika Wells.
I mean we have more women in the labor caucuses
first name begins in a than there are women in
the entire coalitions side.
Speaker 3 (08:56):
That's pretty incredible.
Speaker 4 (08:57):
It is incredible and it isn't by accident. It's a
beigcause of a conscious decision to make the Parliament look
like the Australian people. So gender equity, but also diversity, yeah,
as well across different faiths and different backgrounds, different experiences.
Now we have Charlotte Walker, of course, twenty one years
(09:20):
old on the third of May, getting elected on her
birthday to the Australian Senate is just fantastic.
Speaker 3 (09:27):
It's incredible. As a woman who's now in my thirties
and was obsessed with political studies all through school and
just didn't see that representation growing up to now feel
like it's not just you know, for me because I
follow this, but I feel like my community is being
seen and heard and they're engaging in it in such
(09:47):
a different way. Now it doesn't feel like other people
are making our decisions. It feels like our voices are
actually being heard.
Speaker 4 (09:53):
And it does make a difference to policy as well.
If you have people who have different experiences. Listening to
the first speeches of someone like Ailey France, someone who
lost her leg in an accident saving her child, has
(10:14):
been through some traumatic experiences. Coming into the House of
Reps with that experience is something that's very different, but
it's also so valuable. Of course, there's ash Ambahapaha who's
a member for Barton in around the Saint George area
(10:34):
in Sydney. You know who was raised as she there's
raised by a village, someone with a really interesting backstory.
It just means that you're bringing in that engagement. So
Nita Mascarinus is the member for Swan. She was an
(10:55):
engineer in Calgooli of Indian background heritage but from Kenya. Yeah,
just as extraordinary people coming into the Parliament enriching us
with their diversity, but also I hope making a time
(11:17):
where many young people go well. Parliament and politics is
something that's not about me, they impact you we need
exactly and hopefully seeing people with that background, they can
identify with people.
Speaker 3 (11:37):
Now, I'm not going to lie. I am pervy at
my core. I want to know everything about everything. And
I was checking some public records and it looks like
you have never actually held any direct shares, and I mean,
for those of you following along, mister Anthony Albanesi is
not actually allowed to hold any direct shares at this point,
and you were very involved in making sure that other
(11:58):
ministers aren't a to either. I'm still curious though, because
you haven't always been the Prime Minister, and that would
have potentially been an option historically. Why haven't you invested
in shares historically?
Speaker 4 (12:11):
I have never invested in shares because one firstly, I
didn't have a lot of money as a young person.
I didn't have finances to invest. But I became an
MP almost thirty years ago now and just felt like
if you make decisions even as a member of Parliament,
(12:34):
I personally, I guess, took what you need to do
as a minister to the extreme, which is I didn't
want to be compromised.
Speaker 3 (12:44):
Which is absolutely fair.
Speaker 4 (12:46):
So that's a personal decision that I made. And I
also my mum because she lived in the one house
for all of her sixty five years, which was a
city council house, and then got handed over to Nissaua's
housing apartment. She from a really early age she used
to say, when you get the chance, you know, you've
(13:07):
got to buy your own home, your property.
Speaker 3 (13:10):
Guy.
Speaker 4 (13:11):
So I bought when I as soon as I could,
I did six months. I spent money, saved up and
went overseas, did the Aussie backpacking thing in nineteen eighty eight,
and I went to Africa and Europe and had a
great time. Came back and then started looking for a
(13:34):
house and bought a house in Marrackle in would have
been nineteen ninety I think, so I was still relatively young.
I was twenty six or twenty seven when I bought
a home and that was where at that time, sit
down listeners. While I used this figure, interest rates were
(13:54):
I think nineteen and a half percent when.
Speaker 3 (13:57):
I was so scary.
Speaker 2 (13:59):
It was a bit.
Speaker 3 (14:01):
Scary. But if we look back to even just nineteen
seventy five, we know that the average home between Melbourne
and Sydney cost four times the annual salary and now
it's and like so much has changed, and we'll get
to housing because I know that you're probably excited to
talk about it given all of the changes recently. But
you touched on before that your mum was so good
(14:21):
at budgeting, and I think that she'd be very proud
of everything that you're doing around the cost of living
because she'd be Yes. Absolutely, Like we talked before about
the groceries and always buying things on sale. And I
feel like old habits die hard, Like it doesn't matter
if you have a higher disposable income. You've got this
money store in the back of your head, like I.
Speaker 4 (14:39):
Would never buy that, Oh absolutely, And you never ever,
you know, waste eiver no, so no, I think when
you need them, Yes, absolutely. And I wore a tie
on Monday, real distraction here and it was very bright
and we had media inquirer is about you know what
(15:01):
it meant as prime minise. I got a new tie.
Speaker 2 (15:04):
What is it?
Speaker 4 (15:05):
It was from the nineteen nineties. See, I've seen right
out found in the lodge there. It was a few tires.
Speaker 3 (15:13):
It stood out money win its like you've got a
brand new tie exactly exactly. So talk to me something
that I saw that has passed recently that I think
is going to really impact our community around the cost
of living is literally last night Labour's Bill passed in
Parliament to make PBS medicines cheaper with no more than
(15:33):
twenty five dollars a script from twenty twenty six onwards,
which I'm very excited about. And for women in my community,
particularly many of whom are already stretched, how much of
a difference do you think this is going to make
to their weekly budgets.
Speaker 4 (15:48):
Well, I'm so proud of this. And one of the
things that brought me into politics, of course is to
go back to talking about the members is my personal
experience because my mum had rheumatoid arthritis, was crippled had
she had a pill box with a lot of pills
every day in order to get by pain relief and
(16:08):
everything else that came from it. So it was really
conscious about the price of medicines and the price of
medicines had never come down on the PBS script for
eighty years since it was introduced. It had always got
up with inflation and had reached forty two dollars. We
(16:29):
promised in the lead up to the last election in
twenty twenty two the first election to reduce it to
thirty dollars, and then at the last election we promised
to reduce it for the to twenty five dollars. So
that was the same price that medicines were in two
thousand and four, So that will make an incredible difference.
(16:50):
It saved people well over billion dollars already those changes,
and in addition to that, we have sixty days scripts,
saves on going to the doctor, saves on time and all.
Speaker 5 (17:04):
Of that as well.
Speaker 3 (17:05):
My GP's the biggest fan of that.
Speaker 4 (17:07):
That's made such a big difference to people and for
people who need regular medicines like their heart conditions and
manning it better or reflux or whatever it is that
they have, so just common sense really. And then the
third change, which is important is for concession card holders.
So four pensioners or people have concession cards, we're frozen.
(17:31):
The costs are just seven dollars seventy until the end
of the decade. So they can have that certainty.
Speaker 5 (17:38):
Because they're budgeting, they've got that and it's there exactly,
and it will make such a practical difference because when
I spoke with some pharmacists and I was the first
Prime Minister to address a pharmacy.
Speaker 4 (17:50):
Girl big conference that they have never knew. There were
so many chemists around Australia all there and really passionate.
The relationship that they have with their customers as well.
It isn't just a business one, it's a really personal one.
My local pharmacy in Marrickville near my office as a
(18:12):
Greek speaker, Vietnamese speaker, Chinese, Arabic and people come in there,
they get advice, they get assistants like it really is
the heart of the community and shout out to all
the guys there. It blooms at Marrackville Road and so
making a difference here also, I think shakes up something
(18:35):
that I'm sure has appeared on your podcast from time
to time, the statement nothing ever goes down in price,
which is a fair enough statement, except for this, I
love it.
Speaker 3 (18:46):
And even though there's a lot of benefit to people
on pensions, I'm seeing, even just in my more millennial
women community, reproductive health is massive. I don't know any
female in my circle that hasn't been on the pill.
And for a very long time that was incredibly expensive,
and earlier this year it got dropped down. It was
(19:07):
the first time in thirty years that I would say
the most common pill yas or yasmin has been on
the PBS in the way that it has, which I
was so excited about. But just knowing this is going
to take a little bit of pressure off even just
women saving for their first times, women who just need
a little bit more wiggle room in their grocery budgets
makes me so excited.
Speaker 4 (19:27):
Well, it's about gender equity as well. That was part
of a program that was more than half a billion
dollars essentially on women's reproductive health, everything from new listings
for contraceptives to IUDs, to making an enormous difference across
(19:47):
a range of area's endoclinics. We've got twenty two and
pelvic pain clinics. We're opening more of them as well
right around the country, making sure that we address menopause
and perry as well, to address those issues with additional
funding and in part just talking about these issues in
(20:10):
the Parliament. This is something that when I got here
not that long ago, but at the end of the
nineteen nineties, these issues just weren't front and center. There's
no accident that when you have young women elected to
the Parliament and you have strong advocates like Katie and
Jed Carney played a real major role in that, as
(20:32):
well as Mark Butler, the Health Minister, very passionate about this.
It will make a real difference.
Speaker 3 (20:38):
Yeah, I spoke or I had the privilege of speaking
to Katie about that. Do you think that we can
see further priority being put on that space in future budgets.
Speaker 4 (20:47):
Absolutely, and whether it's women's health issues or we'll get
to our housing issues. But a lot of that has
been focusing on women and children escaping domestic violence. For example.
We have a four billion dollar plan on women and
children escaping domestic violence and on those issues, making sure
(21:11):
that the parliament's very focused on. Yeah, there are issues
like dealing with climate change and dealing with big challenges
that we have, how do we deal with AI. All
of that is important, but it's also really vital that
the government focus on things that make an immediate difference
(21:32):
to people's lives, because that's about giving them agency and
ownership over the government and over the role that this place,
this building can play in improving their lives.
Speaker 3 (21:47):
Yeah. And something that I asked my community and the
lead up to getting to interview you was if you
were a prime in a style, what would you change?
What would you focus on? Groceries? With a number one
money stress our community raised a head of rent and utilities.
What is your government doing that will actually make the
weekly shop cheaper this year?
Speaker 4 (22:07):
Well, introducing the Grocery Code of Conduct. It was one
of the things that were announced on I think it
was day two of the campaign. I did a wonderful
morning tea after I did Insiders in the morning, and
then went and did one of the first press conferences
and it was in a backyard with a hills hoist
(22:28):
on the northern suburbs of Canberra, with a wonderful Italian
Australian family who did make very nice cookies and good
books book so it was pretty good, absolutely, And there
we announced mandate in the Code of Conduct. One of
the things that's happened for a while was there was
all this voluntary code so that things like addressing shrink
(22:53):
flation that's where the same good shrinks in size but
the price is the same, which can happen for everything
from chips to biscuits.
Speaker 3 (23:05):
To the exactly should be illegal.
Speaker 4 (23:09):
I'm sorry, Well, we're we're making we're fixing that the
issue of where prices get increased by a dollar, decrease
by fifty cents a week later and they pretend it's
on sale. Those issues making it illegal and empowering the
(23:31):
Australian competition, the arible ceed the Tribunal to have powers
to take action and fine those companies engaging in that
as well. As well as that, the work that we're
funding consumer organization's choice to get out there and publish
(23:51):
where's the cheapest place to get gracious, trying to get
that competitive edge there as well. So these are issues
that that do impact people's lives very directly. And whereas
a bill might be quarterly, people need to go to
the supermarket every week or every fortnight. Yeah right, Well,
(24:15):
I'm one of these people who used to go to
when I did shop and cook for myself, I'd do
it in small batches. I'd go and just get what was.
Speaker 3 (24:28):
What you need stays for exactly. Now. I am loving
this conversation, as I know my community are, but it
would be rude not to give us a little breather.
So let's go to a really quick break and on
the flip side, we're going to dive right back in.
Welcome back to honestly one of the biggest interviews of
(24:49):
my life. We have Prime Minister Anthony Albanezi and we
are talking everything money. Now another conversation that we're having
in our community that we kind of sprinkled at the
start of housing and I'm really excited to talk about this.
Housing is another massive theme for our listeners, and I
want to share a question from a twenty nine year
old in our community who has voice noted me in,
(25:11):
so I'll play that for you. But basically she's doing
everything right and it just feels a little bit out
of each So let's have a listen.
Speaker 2 (25:19):
Hi, I have a money dilemma. I'm twenty nine years old,
I work full time, I'm single, I don't have a
house a rent. Basically, I have roughly fifty thousand dollars
in the pain. It's in a high interrat savings can.
I think it's five percent return annually. And then in
addition to that, I have an emergency fund. There's about
two thousand dollars in there. I'm putting money towards each
(25:40):
pay I get. I am also micro investing in Perla.
I think I do about three hundred and fifty dollars
a fortnight in there. Investing is exciting to me. I
like to see my money slowly grow, but I feel
like I should be doing more with the money that
she's sitting in my bank account. Obviously, for me, the
housing market at the moment as a single feels almost impossible,
and it's not something that I can see in my
foreseeable future. My question is what would you do if
(26:04):
you had this money?
Speaker 4 (26:06):
Now?
Speaker 3 (26:06):
She probably didn't expect the Prime Minister to be responding
that one was for me, But I'm going to handle
it to you.
Speaker 4 (26:12):
Okay. Well, the first thing careful about this You take
your own advice and own decisions. I should say that rather.
Speaker 3 (26:22):
We can't give proper financial advice. That would actually be illegal.
But this is more alike, is it actually is out
of reach?
Speaker 4 (26:28):
She's doing the right thing.
Speaker 3 (26:30):
She's doing well.
Speaker 4 (26:31):
Isn't she doing incredibly well? To fifty grand? And she's
sensible as wellencyally resting great.
Speaker 3 (26:40):
I thought you'd be proud. I was like, this is
coming out of my community.
Speaker 4 (26:44):
That is awesome. Well, I'll tell you something that will
make it easier is what we've done. Just last week
we brought forward our five percent deposit plan to the
first of October. It was due to come in on
the first of January, and it will make an enormous
(27:05):
difference if you've got fifty thousand dollars in the bank
and previously if you need a twenty percent deposit. Of course,
that's so hard, and what we found that average time
to save might have been eight to ten years. By
(27:26):
having five percent deposit and the government importantly going guaranteur
so that you don't need insurance mortgage insurance will save
an enormous amount. In addition to that, what we've done
is lift the amounts to a more reasonable level, realistic level,
(27:48):
depending upon where people live, and so if people can
get into me. I dived in myself into housing a
time where all of my money basically went to pay
off that first mortgage every every month of the payments
(28:11):
because the interest rate was so high. Yes, it was
a lot cheaper than houses are today.
Speaker 3 (28:18):
I'll swap. If you want to swap, give us high
interest rates and really cheap housing, I'm on board.
Speaker 4 (28:24):
Well, there is that, but you know, I think what
that's aimed at is people like I didn't.
Speaker 3 (28:32):
Catch her anonymous, you didn't miss it.
Speaker 4 (28:35):
It just wasn't a friend. We'll call her that and
hopefully this is an enabler to get her into her
first home. There's another thing we're doing as well that
will kick in, which is really exciting. It is based
upon a South Australian scheme, which is I visited a
(28:55):
place in the suburbs of South Australia where two hundred
and forty townhouses cent you're right next to the train
station are being built in Adelaide, and one hundred of
those are reserved just for first home buyers. So that
means in terms of the competition at that auction, and
(29:15):
because it's government it was on an old industrial site.
Government can do that by opening up sites for new housing.
And perhaps the discussion that's taking place at the moment
about well our a train station and new housing there,
that could be an example. Government can use that in
(29:38):
order to say, well, we will give you an additional
if you're going to have two hundred houses, will allow
you to build an additional forty if they're reserved one
hundred of them in this case for first home buyers.
So we're going to deliver one hundred thousand of properties
(30:01):
just for first home buyers, So the combination of those
two things should really make a difference. In addition, of course,
interest rates coming down, and there's spent three decreases so
far this year.
Speaker 3 (30:14):
As a frugal man, you probably like seeing that as well.
Speaker 4 (30:17):
I certainly do.
Speaker 5 (30:18):
We all do.
Speaker 3 (30:19):
I certainly do, and I feel like that addresses and
I'm going to ask more about it because I know
you mentioned before that you'd read my article on the policy,
and I'm a big fan of it. I think it's fantastic,
especially for my community who are ready to buy. I
also own a mortgage broking business, and I have a
team of very beautiful brokers. We are influxed with conversations
(30:42):
about do I need to be buying before October? Is
this going to surge housing prices? A lot of the
comments online about the policy have been a lot about Okay, well,
this is just going to increase the average cost. And
what do you say to the people that are saying, look, yes,
that sounds fantastic, stick a lower deposit, but the issue
is paying for it ongoing and the fact that we
(31:04):
just don't have enough housing.
Speaker 4 (31:07):
Well, this is just one measure. We have a forty
three billion dollar Homes for Australia Plan, which is all
about supply. That's the key, no question about that. So
we've got increased social and affordable housing through our Housing
Australia Future Fund that is now go and gang buses
(31:27):
right around the country making an enormous difference. We have
another program that's about taking a whole lot of homes
we're basically not fit for purpose, uninhabitable, so we put
in a special two billion dollar fund in the budget
(31:47):
from July two thousand and twenty four that kicked in
immediately so that those houses are now people living in them.
So to state government's gotten that grant. We in addition
to that, have our Build to Rent scheme.
Speaker 2 (32:05):
What that is is.
Speaker 4 (32:06):
Providing tax in centers for developers for private rentals, so
more public housing, more private rentals being constructed. And our
we've got a range of home ownership programs that's a
five percent deposit. There's our Shared Equity scheme and how
that works helped to buy is that for a new
(32:29):
dwelling then the government can be a forty percent owner
of a property. For an existing property thirty percent, So
say property is just for ease of mass worth a
million dollars. Then four hundred thousand dollars is provided by
(32:50):
the government and the government owns that share sixty percent
owned by the individual, so six hundred thousand dollars is
what they need rather than a million dollars, and they
can over a period of time payback by back the
government's share, or when the property is sold at the
(33:11):
end forty percent goes back to the government, or it's
done actually through banks. Yes, but it's been really effective
in Western Australia, has been going since the nineteen seventies
and having a national approach to this scheme as well.
So it is about supply, so we will have increased
(33:33):
new homes being built for private ownership, new homes being
built for private rentals, and new homes being built for
social housing as well. It's the biggest ever investment by
any government ever.
Speaker 3 (33:48):
That must make you pretty proud to be able to
say it does, because I hear that and I'm like,
that's pretty cool.
Speaker 4 (33:53):
As a proud HOUSEO, I'm really proud of the fact that,
I mean, the former government for a while, try not
to be too political here, but they didn't even have
a federal Housing minister for half their time and housing
is so essential because it's the key. A secure roof
over your head will impact your education, your health, everything
(34:19):
else comes from that as well. So I'm proud of that.
And the other effort that we've done, of course, is
to really concentrate on getting inflation down because that's a
prerequisite for getting interest rates down, absolutely and that's working
as well. Down to get inflation down, to have a
(34:40):
too in front of it now for some time, which
is a reserve bank band, which has led to three
interest rate decreases.
Speaker 3 (34:49):
Which is very attractive. Another really big topic that impacts
my community but also women at large is childcare, and
that topic is full of conversation at the moment. You've
said that a fully funded childcare plan could be a
legacy policy for your government. Universal childcare sounds like it
(35:09):
could be a game changer. But we've also seen with
the NDIS how good ideas can kind of be really
complex and quite hard to manage. What do you need
to see in the findings to make universal childcare both
doable and sustainable long term, Well, you need.
Speaker 4 (35:26):
To get the model right, and that's why we've done
it in stages. So the first stage was to increase
childcare substies, which made a big difference. The second stage
is what we've done on the three day childcare guarantee
and also a billion dollars for infrastructure of childcare centers
(35:50):
in out of suburbs and some regions where there just
isn't any accessibility as well. The other thing you needed
to do was to fix the work force, so paying
people properly, which we have done with substantial pay increases,
(36:11):
which is about keeping people in the industry and recognizing
that this isn't childminded, this is early education, and one
of the things that we have to do is change
some of the mindset in some of the Scandinavian countries.
It's just a given that early education contributes to then
(36:37):
going to school already having those skills reading and writing
and basic maths that begins at that time, drawing art,
but also the social skills that children learn of each other.
One of the great privileges of this job. I only
(36:58):
had one child is now very tall in age twenty four.
Speaker 3 (37:03):
There's still a child, well to me, still a baby.
Speaker 4 (37:08):
But going into early education centers is so uplifting because
at a time where there's conflict, including you know, we
see some unfortunate rally. Is it a bit of division
out there? Kids just they don't see race, they don't
(37:29):
see religion. They just see other kids their magic and
it's so good and so it's a great privilege of
this job. But it also is that the three piece
of economic growth, productivity, participation, and population, that's how you
grow an economy. Childcare does all three. It's about the
(37:53):
only thing you can think of that does all three.
It increases women's workforce participation, which is that record levels.
It increases productivity because it means women are going in
and out of the workforce. It changes it or for
as long it changes as well the retirement incomes and
(38:15):
closes that retirement gender gap which is there. And of
course it encourages population growth as well because people will
make financial assessments before when they're thinking about their family,
whether they can have their first, second, third, or however.
Speaker 3 (38:35):
Financial decisions absolutely, and.
Speaker 4 (38:39):
It can make an enormous difference as well as making
a difference to the child. And people will make their
own decisions of course about that's right for them. People
stay at home moms, that's great. You know, I had
that with my mum.
Speaker 3 (38:54):
But you got the relationship between you and your mom,
Like that's something enviable. I would say.
Speaker 4 (39:00):
Absolutely, But you know, when I was very little, before
the arthroats really kicked in. When she was she used
to work cleaning offices in the city overnight and then
look for me after me during the day because there
was no one.
Speaker 3 (39:18):
A hustler. I just feel like if she was still around,
I'd be like, can you come on my show? Can
we do it money diary? Can tell me about your envelopes?
I just have so many questions for this woman.
Speaker 4 (39:31):
Yeah. I don't know how, but she yeah was.
Speaker 3 (39:35):
Single mums get it done. I don't know if they're still.
I mean, awe of my entire community. We have a
really large population of single mums, and the way that
they scrimp and save and budget and just get it
done and still show up for their kids is incredible.
Speaker 4 (39:52):
Another insue I was really proud of in our first budget,
First Opportunity, I changed single parenting payment so that women
will be eligible and slightly women until their youngest child
is fourteen, because that was a real disincentive. There was
(40:14):
a relationship between a DV and people staying in relationships
if they didn't have financial capacity and Somers did a
wonderful study of that as well that showed that there
was a real impediment, and so I was really proud
that we did that first up.
Speaker 3 (40:34):
I love that I'm going to get a little bit
spicy with the last three questions because I am very
conscious that I'm running out of time with you and
I want to zoom out for a moment.
Speaker 4 (40:42):
So we've done well. The bells haven't rung yet.
Speaker 3 (40:44):
I know, I am feeling very superpower. This stops Parliament.
So a lot of our audience has been watching what
is happening with Trump in the US at the moment,
and Australia Post has even stopped shipments to America. What
is your take on the gap between what Trump says
he's doing and the actual impact we are seeing here
(41:04):
in our economy.
Speaker 4 (41:06):
Well, I think TARISA are an active economic self harm. Yes,
they're imposing costs on consumers in the United States and
that is having an impact, essentially producing greater revenue for
the US administration, but it will increase inflation. It is
(41:29):
having an impact here because of disruption in trade.
Speaker 3 (41:33):
We're seeing so many small businesses announced they can no
longer service that community.
Speaker 4 (41:37):
Well, the idea that if parcel goes to many small
businesses here just rely upon post slide. They don't have
a store, they're online effectively, and many of them are
really specific products that they're producing that are in demand
(42:02):
and in demand globally. The idea that a parcel comes
through an express post partel and you've got to pay
a tax on depending upon what is inside an individual
parcel is in my mind. We'll wait and see how
(42:22):
this plays out.
Speaker 2 (42:24):
Well.
Speaker 4 (42:24):
I can't see will possibly be workable in the medium term.
I think it's an idea that's popped up. It's not
just Australia around other Western democracies and major economies have
done the same thing because it's really hard. How do
(42:44):
you do an assessment, the cost of assessment and bureaucracy
associated with that. I can't see how it will work.
But it has been very disruptive, absolutely, and this is
an economic disruption. My government is trying to deal with that,
but every government is trying to deal with that as well.
Speaker 3 (43:07):
And I'm just going to give a little bit of
context to our listeners because maybe they don't follow this
as keenly as I maybe do. Trump recently posted on
truth Social which is his version of Twitter in all caps.
This is a great time to buy DJT and he's
talking about the stock market. And then only a few
(43:28):
hours later he went on to announce the pause on
tariff's Prime Minister, what do you make of that kind
of market intervention from a political leader and how should
Australians interpret moments like this.
Speaker 4 (43:42):
I think people will make their own interpretation on President Trump.
My job as Prime Minister is to be respectful and
to engage in dialogue in Australia's national interest. That is
something that we have been doing. Have the lowest tariff
(44:02):
of any country, or no country has lower ten percent.
We're arguing that reciprocal tariffs, which is what President Trump
says he is doing, would be zero. We have a
free trade agrammer, there are no tariffs on US goods
coming into Australia. And importantly, the US has a trade
(44:23):
surface with Australia. That is, we buy morph from the
US than the US buys from Australia. So it's.
Speaker 3 (44:32):
Math is just not mathing right now, That's right.
Speaker 4 (44:36):
It's something that we're just dealing with though, and we're
trying to be as constructive as we can. Be but
to put forward our case. President Trump has said that
tariff is the most beautiful word in the English language,
which is a strange one to have.
Speaker 3 (44:56):
He can have that, he can keep that quick.
Speaker 4 (44:58):
I can think of a range of things that I
would think are the most wonderful words in the English language.
I agree, fair, love, sharing, what you've got, tariffs, a
range of things that I would I would want to see.
Speaker 5 (45:17):
Justice each to their own, to their own to their
own exactly.
Speaker 4 (45:22):
And I've had three really constructive discussions with President Trump.
I look forward to more and to advancing Australia's interests.
Speaker 3 (45:33):
All right, I know that my time is running out,
but I'm being a little bit greedy, and I would
really like some of your what we call at this
she's on the money house, are finance hot takes. So
I'm going to throw a few things at you. I
don't want lots of conversation. I don't even need context.
I just want a quick response to each of these topics.
Speaker 4 (45:53):
I will try. I'm a politician, I know, but you're
paid to talk exactly.
Speaker 3 (45:57):
But you're also probably very well media trained. I just
expect that the responses a test, all right. By now,
pay later can be dangerous, yes, all right. The pink tax,
the pink tax, so the tax on women's not equitable.
Speaker 4 (46:16):
But these things are difficult to solve.
Speaker 3 (46:19):
Cryptocurrency no chance, no chance from me personally. Prime Minister
is not into crypto confirmed.
Speaker 4 (46:25):
The cost of eggs, The cost of eggs, well, it's
demand and supply. Childcare costs too high, but working on it. Okay.
Speaker 3 (46:34):
The gender pay gap lowest it's ever been. Love rent prices.
Speaker 4 (46:39):
Too high, but working on it.
Speaker 3 (46:40):
With supply, fast fashion good good, We're going.
Speaker 4 (46:46):
To have What do you mean by fast fashion?
Speaker 3 (46:48):
Over consumption of outfits and goods instead of having a season.
I feel like, no, this is what I was confused
about the time.
Speaker 4 (46:58):
No, I'm frugal.
Speaker 3 (46:59):
I think you would be a hard.
Speaker 4 (47:02):
No one for us. Absolutely.
Speaker 3 (47:03):
What about grocery giants, Ah, not easy to solve, okay.
And billionaire space trips.
Speaker 4 (47:13):
Just weird Ego trips is what they are, all right?
Speaker 3 (47:17):
Just for fun? I want to know what is your
unpopular money opinion?
Speaker 4 (47:21):
My team laugh at me because I always have to
have at least two hundred dollars cash in my wallet.
Speaker 3 (47:33):
What are you doing with two hundred dollars cash when
you don't have to go to the supermarket yourself anymore.
Speaker 4 (47:37):
I always you never know when you've got to buy something,
or your people buy you a coffee or something, you
can pay them. You need buy a raffle ticket.
Speaker 3 (47:51):
Do you know what this is your money story coming out?
Speaker 4 (47:55):
I absolutely they laugh at me, and you always also have,
say two hundred dollars. It's not the full truth. The
full truth is there's always also in my wallet in
behind the where the cards go and stuff, another fifty dollars.
Speaker 3 (48:14):
So if you stop, you just get me a plastic.
But I'm coming to your wallet.
Speaker 4 (48:19):
I'm the only person in this office who has cash.
Speaker 3 (48:23):
And if they need cash, who are they coming to?
Speaker 4 (48:25):
They do exactly exactly. I laugh at them and then
give it to them.
Speaker 3 (48:29):
Now, one very last, incredibly important question for me personally,
because I know you're a swifty and you're obviously getting married.
What tips have you got for Taylor now she's engaged.
Speaker 4 (48:41):
Oh well, her engagement has sort of blown hours out
of the order. Has that she gets fantastic?
Speaker 3 (48:49):
It's very exciting. I just love love, so I just
want to see people happy and they look.
Speaker 4 (48:55):
So fantastic together, and I just think it's great.
Speaker 3 (48:59):
So what tips are we giving for wedding planning? Any
frugal ones?
Speaker 4 (49:03):
As someone who got engaged on Valentine's Date last year
and still has not managed to complete the deed, We're
just really looking forward to it. I'm focused on me
and Jody let.
Speaker 3 (49:18):
Alone planning Swifty's wedding.
Speaker 4 (49:21):
I think she'll probably have it covers you.
Speaker 3 (49:23):
Budgets will be different.
Speaker 4 (49:25):
I think the budget will be a little bit different.
We will probably be zero point zero zero one percent
of her budget. I feel like that's travison.
Speaker 3 (49:35):
Honestly, what the Australians want to hear.
Speaker 4 (49:37):
I'm not going to lie exactly. No, it will be frugal.
Speaker 3 (49:40):
I love that. Prime Minister, thank you so much for
joining us in answering mine and my community's questions. I
have found this to be an absolute privilege. Thank you
so much.
Speaker 4 (49:50):
Thanks so much.
Speaker 3 (49:50):
That was fun, of course, and to our listeners, if
you have loved this episode, we would love it if
you shared it with a friend and make sure that
you are subscribed so that you never miss an episode.
Speaker 4 (50:00):
Cheers.
Speaker 6 (50:05):
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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
(50:26):
your needs. Victoria Divine and She's on the Money are
authorized representatives of money.
Speaker 3 (50:31):
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woman and I'm here to acknowledge country t Glenn Young
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(00:22):
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We thank acknowledge and respect the Aberiginal people's land that
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podcast acknowledges culture, country, community and connections, bringing you the tools,
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Speaker 2 (00:45):
She's on the Money.
Speaker 3 (00:47):
She's on the Money.
Speaker 4 (01:08):
Hello and welcome to She's on the Money, the podcast
that's here to give Australia's finances a glower.
Speaker 3 (01:14):
Now, that wasn't bad, but given you intro, it means
that I now get to ask all of the perfect questions.
So I hope you're ready for that, my friends. I
am your host, Victoria devine and you did hear that
voice correctly. I have somehow convinced the Prime Minister of
Australia to join us for a very special episode of
She's on the Money. A very big welcome to you,
(01:36):
mister Prime Minister, or am I allowed to call you Albo? Absolutely,
just so everyone knows Parliament is actually sitting at the moment,
which for me is a big moment. You tend me
is absolutely screaming. So if you hear any bells during
our chat, that might mean our friend Albo has to
run off and vote, which is actually very cool. But
before we dive into the nitty gritty and we're going
(01:58):
to talk housing, we're going to talk women's health, We're
going to just talk a lot about things that impact
my community specifically, because, like Mayky, while the sun is shining,
one of my favorite parts of my community is our
ability to share our money stories. So money stories are
those deep seated thoughts, feeling, beliefs, and values that you
have around money. And I wanted to ask you what
(02:20):
is your earliest memory of money?
Speaker 4 (02:23):
Oh? Gee, well, I grew up with probably people know,
with just myself my mum and she was on a
single parent and then became an invalid pensioner. And she
was fantastic with money. She did something that will not
be familiar to many of your listeners of your age
(02:46):
and younger. But you used to go to the post
office and you had these little booklets and you'd buy
literally postage stamps and you put them in the book
to pay then your telecom as it was then built,
or gas bill, or your electricity bill in these little
literally paper folders. So that way when every pension came
(03:09):
in every fortnight, she would put money either in envelopes
for the rent or for the various bills that would
come in.
Speaker 3 (03:20):
So she had an envelope budgeting.
Speaker 4 (03:22):
She had a complete system every fortnight. She was extraordinary.
So we never had any money. Money was really tight,
and so she would budget though, so that we never
went without food or essentials. We didn't have any luxuries exactly.
(03:45):
Was so she taught me. I'm very frugal and she
very much taught me the value of money and what
it was like growing up like that. I still people
will laugh at me because I will do my points
at the supermarket and will look for I will buy
(04:07):
the dog food for Toto will buy it when it's
on special things.
Speaker 3 (04:15):
Sorry, that's really important.
Speaker 4 (04:17):
So I'm completely still focused like that as part of
my upbringing. But Mum, when she died at age just
sixty five, and she had a pretty tough life, she
was spent at the end of that. But when she died,
she was actually ahead in her Meyer's card because she
(04:39):
would also pay everything in our house came from Grace Brothers.
Broadway was the supermarket and the departmental store and everything,
but then became Meyers later on, so any goods that
she had to buy would have been got on layby,
and she was ahead. Meyers owed her money about thirty
dollars and she was ahead about four weeks in her
(05:03):
rent to the New South Wales housing department as well.
She was extraordinary that she was able to do that.
And she'd also put aside a little bit of money
every fortnight for gifts or for extras, for if any
of the kids in the neighborhood were having a birthday,
(05:24):
they'd get just a little something. It might have just
been a chocolate or something.
Speaker 3 (05:28):
But she sounds so nice.
Speaker 4 (05:31):
Yeah, she was an amazing woman who also had an
incredibly tough life but never complained about anything at all,
and never asked for anything, and would always when we'd
see the red shield appills. She liked the Salvos in particular,
and she would always say, you always have to give money.
(05:55):
It was before the big issue was around. She would
have been the person who would have always bought a
even if it was her last ten dollars. She would
have kicked in to make a difference.
Speaker 3 (06:06):
I love that, and I feel like there is a
theme in your life of very strong women.
Speaker 4 (06:12):
There is.
Speaker 3 (06:12):
I'm going to pivot a little bit and hopefully you'll
let me talk about Jody. You are getting married later
this year to a woman that I very much admire.
She's worked in finance for a very long time, and
I want to know what have you learnt from living
with a very strong woman, being brought up by a
very strong woman about I guess, the value of money
(06:35):
and what that looks like. Because you're coming from a
place that I think is incredibly reflective of the average Australian.
Speaker 4 (06:43):
My mum was really about personal relationship that we had,
in the relationship she had with neighbors. Jodie is someone
who's very passionate about superannuation, about financial security.
Speaker 3 (06:56):
I think we'd get on.
Speaker 4 (06:58):
You and Jody are a match made in heaven.
Speaker 3 (07:01):
Oh well, I'm sorry to tread on your time.
Speaker 4 (07:03):
No question about that, having read your pieces as well,
and I know she does follow you, so's she's quite
excited about me doing this podcast.
Speaker 3 (07:14):
Actually is going to have to stop.
Speaker 1 (07:16):
She is.
Speaker 4 (07:17):
So she's someone who's worked in banking and finance for
a long period of time. She is passionate about making
a difference, particularly for people who need that financial security
es central service workers, and she's worked as well, through
a couple of superannuation companies at affordable housing for essential workers.
(07:40):
And she's very creative in how she engages.
Speaker 3 (07:45):
And do you think that that has helped you in
or helped inform you on the way that you create
and think about policy.
Speaker 4 (07:51):
It has, But we we're careful as well to not
talk about any detail of her work in general. Of course,
So when I was raised, but there was just me
and my mother, and I've always been very passionate about
gender equality and that is so important, and that's I
(08:14):
think been one of the things that I hope at
the end of my period in office that people will
look back and say, wow, you know, that's something that
a difference was made, whether it be in representation. Now,
majority of the Cabinet, majority of the government caucus members,
these incredibly strong women, Penny Wong, the leader in the Senate,
(08:37):
Katie Gallahers Finance Minister, Tenure polibasek ann arly Anika Wells.
I mean we have more women in the labor caucuses
first name begins in a than there are women in
the entire coalitions side.
Speaker 3 (08:56):
That's pretty incredible.
Speaker 4 (08:57):
It is incredible and it isn't by accident. It's a
beigcause of a conscious decision to make the Parliament look
like the Australian people. So gender equity, but also diversity, yeah,
as well across different faiths and different backgrounds, different experiences.
Now we have Charlotte Walker, of course, twenty one years
(09:20):
old on the third of May, getting elected on her
birthday to the Australian Senate is just fantastic.
Speaker 3 (09:27):
It's incredible. As a woman who's now in my thirties
and was obsessed with political studies all through school and
just didn't see that representation growing up to now feel
like it's not just you know, for me because I
follow this, but I feel like my community is being
seen and heard and they're engaging in it in such
(09:47):
a different way. Now it doesn't feel like other people
are making our decisions. It feels like our voices are
actually being heard.
Speaker 4 (09:53):
And it does make a difference to policy as well.
If you have people who have different experiences. Listening to
the first speeches of someone like Ailey France, someone who
lost her leg in an accident saving her child, has
(10:14):
been through some traumatic experiences. Coming into the House of
Reps with that experience is something that's very different, but
it's also so valuable. Of course, there's ash Ambahapaha who's
a member for Barton in around the Saint George area
(10:34):
in Sydney. You know who was raised as she there's
raised by a village, someone with a really interesting backstory.
It just means that you're bringing in that engagement. So
Nita Mascarinus is the member for Swan. She was an
(10:55):
engineer in Calgooli of Indian background heritage but from Kenya. Yeah,
just as extraordinary people coming into the Parliament enriching us
with their diversity, but also I hope making a time
(11:17):
where many young people go well. Parliament and politics is
something that's not about me, they impact you we need
exactly and hopefully seeing people with that background, they can
identify with people.
Speaker 3 (11:37):
Now, I'm not going to lie. I am pervy at
my core. I want to know everything about everything. And
I was checking some public records and it looks like
you have never actually held any direct shares, and I mean,
for those of you following along, mister Anthony Albanesi is
not actually allowed to hold any direct shares at this point,
and you were very involved in making sure that other
(11:58):
ministers aren't a to either. I'm still curious though, because
you haven't always been the Prime Minister, and that would
have potentially been an option historically. Why haven't you invested
in shares historically?
Speaker 4 (12:11):
I have never invested in shares because one firstly, I
didn't have a lot of money as a young person.
I didn't have finances to invest. But I became an
MP almost thirty years ago now and just felt like
if you make decisions even as a member of Parliament,
(12:34):
I personally, I guess, took what you need to do
as a minister to the extreme, which is I didn't
want to be compromised.
Speaker 3 (12:44):
Which is absolutely fair.
Speaker 4 (12:46):
So that's a personal decision that I made. And I
also my mum because she lived in the one house
for all of her sixty five years, which was a
city council house, and then got handed over to Nissaua's
housing apartment. She from a really early age she used
to say, when you get the chance, you know, you've
(13:07):
got to buy your own home, your property.
Speaker 3 (13:10):
Guy.
Speaker 4 (13:11):
So I bought when I as soon as I could,
I did six months. I spent money, saved up and
went overseas, did the Aussie backpacking thing in nineteen eighty eight,
and I went to Africa and Europe and had a
great time. Came back and then started looking for a
(13:34):
house and bought a house in Marrackle in would have
been nineteen ninety I think, so I was still relatively young.
I was twenty six or twenty seven when I bought
a home and that was where at that time, sit
down listeners. While I used this figure, interest rates were
(13:54):
I think nineteen and a half percent when.
Speaker 3 (13:57):
I was so scary.
Speaker 2 (13:59):
It was a bit.
Speaker 3 (14:01):
Scary. But if we look back to even just nineteen
seventy five, we know that the average home between Melbourne
and Sydney cost four times the annual salary and now
it's and like so much has changed, and we'll get
to housing because I know that you're probably excited to
talk about it given all of the changes recently. But
you touched on before that your mum was so good
(14:21):
at budgeting, and I think that she'd be very proud
of everything that you're doing around the cost of living
because she'd be Yes. Absolutely, Like we talked before about
the groceries and always buying things on sale. And I
feel like old habits die hard, Like it doesn't matter
if you have a higher disposable income. You've got this
money store in the back of your head, like I.
Speaker 4 (14:39):
Would never buy that, Oh absolutely, And you never ever,
you know, waste eiver no, so no, I think when
you need them, Yes, absolutely. And I wore a tie
on Monday, real distraction here and it was very bright
and we had media inquirer is about you know what
(15:01):
it meant as prime minise. I got a new tie.
Speaker 2 (15:04):
What is it?
Speaker 4 (15:05):
It was from the nineteen nineties. See, I've seen right
out found in the lodge there. It was a few tires.
Speaker 3 (15:13):
It stood out money win its like you've got a
brand new tie exactly exactly. So talk to me something
that I saw that has passed recently that I think
is going to really impact our community around the cost
of living is literally last night Labour's Bill passed in
Parliament to make PBS medicines cheaper with no more than
(15:33):
twenty five dollars a script from twenty twenty six onwards,
which I'm very excited about. And for women in my community,
particularly many of whom are already stretched, how much of
a difference do you think this is going to make
to their weekly budgets.
Speaker 4 (15:48):
Well, I'm so proud of this. And one of the
things that brought me into politics, of course is to
go back to talking about the members is my personal
experience because my mum had rheumatoid arthritis, was crippled had
she had a pill box with a lot of pills
every day in order to get by pain relief and
(16:08):
everything else that came from it. So it was really
conscious about the price of medicines and the price of
medicines had never come down on the PBS script for
eighty years since it was introduced. It had always got
up with inflation and had reached forty two dollars. We
(16:29):
promised in the lead up to the last election in
twenty twenty two the first election to reduce it to
thirty dollars, and then at the last election we promised
to reduce it for the to twenty five dollars. So
that was the same price that medicines were in two
thousand and four, So that will make an incredible difference.
(16:50):
It saved people well over billion dollars already those changes,
and in addition to that, we have sixty days scripts,
saves on going to the doctor, saves on time and all.
Speaker 5 (17:04):
Of that as well.
Speaker 3 (17:05):
My GP's the biggest fan of that.
Speaker 4 (17:07):
That's made such a big difference to people and for
people who need regular medicines like their heart conditions and
manning it better or reflux or whatever it is that
they have, so just common sense really. And then the
third change, which is important is for concession card holders.
So four pensioners or people have concession cards, we're frozen.
(17:31):
The costs are just seven dollars seventy until the end
of the decade. So they can have that certainty.
Speaker 5 (17:38):
Because they're budgeting, they've got that and it's there exactly,
and it will make such a practical difference because when
I spoke with some pharmacists and I was the first
Prime Minister to address a pharmacy.
Speaker 4 (17:50):
Girl big conference that they have never knew. There were
so many chemists around Australia all there and really passionate.
The relationship that they have with their customers as well.
It isn't just a business one, it's a really personal one.
My local pharmacy in Marrickville near my office as a
(18:12):
Greek speaker, Vietnamese speaker, Chinese, Arabic and people come in there,
they get advice, they get assistants like it really is
the heart of the community and shout out to all
the guys there. It blooms at Marrackville Road and so
making a difference here also, I think shakes up something
(18:35):
that I'm sure has appeared on your podcast from time
to time, the statement nothing ever goes down in price,
which is a fair enough statement, except for this, I
love it.
Speaker 3 (18:46):
And even though there's a lot of benefit to people
on pensions, I'm seeing, even just in my more millennial
women community, reproductive health is massive. I don't know any
female in my circle that hasn't been on the pill.
And for a very long time that was incredibly expensive,
and earlier this year it got dropped down. It was
(19:07):
the first time in thirty years that I would say
the most common pill yas or yasmin has been on
the PBS in the way that it has, which I
was so excited about. But just knowing this is going
to take a little bit of pressure off even just
women saving for their first times, women who just need
a little bit more wiggle room in their grocery budgets
makes me so excited.
Speaker 4 (19:27):
Well, it's about gender equity as well. That was part
of a program that was more than half a billion
dollars essentially on women's reproductive health, everything from new listings
for contraceptives to IUDs, to making an enormous difference across
(19:47):
a range of area's endoclinics. We've got twenty two and
pelvic pain clinics. We're opening more of them as well
right around the country, making sure that we address menopause
and perry as well, to address those issues with additional
funding and in part just talking about these issues in
(20:10):
the Parliament. This is something that when I got here
not that long ago, but at the end of the
nineteen nineties, these issues just weren't front and center. There's
no accident that when you have young women elected to
the Parliament and you have strong advocates like Katie and
Jed Carney played a real major role in that, as
(20:32):
well as Mark Butler, the Health Minister, very passionate about this.
It will make a real difference.
Speaker 3 (20:38):
Yeah, I spoke or I had the privilege of speaking
to Katie about that. Do you think that we can
see further priority being put on that space in future budgets.
Speaker 4 (20:47):
Absolutely, and whether it's women's health issues or we'll get
to our housing issues. But a lot of that has
been focusing on women and children escaping domestic violence. For example.
We have a four billion dollar plan on women and
children escaping domestic violence and on those issues, making sure
(21:11):
that the parliament's very focused on. Yeah, there are issues
like dealing with climate change and dealing with big challenges
that we have, how do we deal with AI. All
of that is important, but it's also really vital that
the government focus on things that make an immediate difference
(21:32):
to people's lives, because that's about giving them agency and
ownership over the government and over the role that this place,
this building can play in improving their lives.
Speaker 3 (21:47):
Yeah. And something that I asked my community and the
lead up to getting to interview you was if you
were a prime in a style, what would you change?
What would you focus on? Groceries? With a number one
money stress our community raised a head of rent and utilities.
What is your government doing that will actually make the
weekly shop cheaper this year?
Speaker 4 (22:07):
Well, introducing the Grocery Code of Conduct. It was one
of the things that were announced on I think it
was day two of the campaign. I did a wonderful
morning tea after I did Insiders in the morning, and
then went and did one of the first press conferences
and it was in a backyard with a hills hoist
(22:28):
on the northern suburbs of Canberra, with a wonderful Italian
Australian family who did make very nice cookies and good
books book so it was pretty good, absolutely, And there
we announced mandate in the Code of Conduct. One of
the things that's happened for a while was there was
all this voluntary code so that things like addressing shrink
(22:53):
flation that's where the same good shrinks in size but
the price is the same, which can happen for everything
from chips to biscuits.
Speaker 3 (23:05):
To the exactly should be illegal.
Speaker 4 (23:09):
I'm sorry, Well, we're we're making we're fixing that the
issue of where prices get increased by a dollar, decrease
by fifty cents a week later and they pretend it's
on sale. Those issues making it illegal and empowering the
(23:31):
Australian competition, the arible ceed the Tribunal to have powers
to take action and fine those companies engaging in that
as well. As well as that, the work that we're
funding consumer organization's choice to get out there and publish
(23:51):
where's the cheapest place to get gracious, trying to get
that competitive edge there as well. So these are issues
that that do impact people's lives very directly. And whereas
a bill might be quarterly, people need to go to
the supermarket every week or every fortnight. Yeah right, Well,
(24:15):
I'm one of these people who used to go to
when I did shop and cook for myself, I'd do
it in small batches. I'd go and just get what was.
Speaker 3 (24:28):
What you need stays for exactly. Now. I am loving
this conversation, as I know my community are, but it
would be rude not to give us a little breather.
So let's go to a really quick break and on
the flip side, we're going to dive right back in.
Welcome back to honestly one of the biggest interviews of
(24:49):
my life. We have Prime Minister Anthony Albanezi and we
are talking everything money. Now another conversation that we're having
in our community that we kind of sprinkled at the
start of housing and I'm really excited to talk about this.
Housing is another massive theme for our listeners, and I
want to share a question from a twenty nine year
old in our community who has voice noted me in,
(25:11):
so I'll play that for you. But basically she's doing
everything right and it just feels a little bit out
of each So let's have a listen.
Speaker 2 (25:19):
Hi, I have a money dilemma. I'm twenty nine years old,
I work full time, I'm single, I don't have a
house a rent. Basically, I have roughly fifty thousand dollars
in the pain. It's in a high interrat savings can.
I think it's five percent return annually. And then in
addition to that, I have an emergency fund. There's about
two thousand dollars in there. I'm putting money towards each
(25:40):
pay I get. I am also micro investing in Perla.
I think I do about three hundred and fifty dollars
a fortnight in there. Investing is exciting to me. I
like to see my money slowly grow, but I feel
like I should be doing more with the money that
she's sitting in my bank account. Obviously, for me, the
housing market at the moment as a single feels almost impossible,
and it's not something that I can see in my
foreseeable future. My question is what would you do if
(26:04):
you had this money?
Speaker 4 (26:06):
Now?
Speaker 3 (26:06):
She probably didn't expect the Prime Minister to be responding
that one was for me, But I'm going to handle
it to you.
Speaker 4 (26:12):
Okay. Well, the first thing careful about this You take
your own advice and own decisions. I should say that rather.
Speaker 3 (26:22):
We can't give proper financial advice. That would actually be illegal.
But this is more alike, is it actually is out
of reach?
Speaker 4 (26:28):
She's doing the right thing.
Speaker 3 (26:30):
She's doing well.
Speaker 4 (26:31):
Isn't she doing incredibly well? To fifty grand? And she's
sensible as wellencyally resting great.
Speaker 3 (26:40):
I thought you'd be proud. I was like, this is
coming out of my community.
Speaker 4 (26:44):
That is awesome. Well, I'll tell you something that will
make it easier is what we've done. Just last week
we brought forward our five percent deposit plan to the
first of October. It was due to come in on
the first of January, and it will make an enormous
(27:05):
difference if you've got fifty thousand dollars in the bank
and previously if you need a twenty percent deposit. Of course,
that's so hard, and what we found that average time
to save might have been eight to ten years. By
(27:26):
having five percent deposit and the government importantly going guaranteur
so that you don't need insurance mortgage insurance will save
an enormous amount. In addition to that, what we've done
is lift the amounts to a more reasonable level, realistic level,
(27:48):
depending upon where people live, and so if people can
get into me. I dived in myself into housing a
time where all of my money basically went to pay
off that first mortgage every every month of the payments
(28:11):
because the interest rate was so high. Yes, it was
a lot cheaper than houses are today.
Speaker 3 (28:18):
I'll swap. If you want to swap, give us high
interest rates and really cheap housing, I'm on board.
Speaker 4 (28:24):
Well, there is that, but you know, I think what
that's aimed at is people like I didn't.
Speaker 3 (28:32):
Catch her anonymous, you didn't miss it.
Speaker 4 (28:35):
It just wasn't a friend. We'll call her that and
hopefully this is an enabler to get her into her
first home. There's another thing we're doing as well that
will kick in, which is really exciting. It is based
upon a South Australian scheme, which is I visited a
(28:55):
place in the suburbs of South Australia where two hundred
and forty townhouses cent you're right next to the train
station are being built in Adelaide, and one hundred of
those are reserved just for first home buyers. So that
means in terms of the competition at that auction, and
(29:15):
because it's government it was on an old industrial site.
Government can do that by opening up sites for new housing.
And perhaps the discussion that's taking place at the moment
about well our a train station and new housing there,
that could be an example. Government can use that in
(29:38):
order to say, well, we will give you an additional
if you're going to have two hundred houses, will allow
you to build an additional forty if they're reserved one
hundred of them in this case for first home buyers.
So we're going to deliver one hundred thousand of properties
(30:01):
just for first home buyers, So the combination of those
two things should really make a difference. In addition, of course,
interest rates coming down, and there's spent three decreases so
far this year.
Speaker 3 (30:14):
As a frugal man, you probably like seeing that as well.
Speaker 4 (30:17):
I certainly do.
Speaker 5 (30:18):
We all do.
Speaker 3 (30:19):
I certainly do, and I feel like that addresses and
I'm going to ask more about it because I know
you mentioned before that you'd read my article on the policy,
and I'm a big fan of it. I think it's fantastic,
especially for my community who are ready to buy. I
also own a mortgage broking business, and I have a
team of very beautiful brokers. We are influxed with conversations
(30:42):
about do I need to be buying before October? Is
this going to surge housing prices? A lot of the
comments online about the policy have been a lot about Okay, well,
this is just going to increase the average cost. And
what do you say to the people that are saying, look, yes,
that sounds fantastic, stick a lower deposit, but the issue
is paying for it ongoing and the fact that we
(31:04):
just don't have enough housing.
Speaker 4 (31:07):
Well, this is just one measure. We have a forty
three billion dollar Homes for Australia Plan, which is all
about supply. That's the key, no question about that. So
we've got increased social and affordable housing through our Housing
Australia Future Fund that is now go and gang buses
(31:27):
right around the country making an enormous difference. We have
another program that's about taking a whole lot of homes
we're basically not fit for purpose, uninhabitable, so we put
in a special two billion dollar fund in the budget
(31:47):
from July two thousand and twenty four that kicked in
immediately so that those houses are now people living in them.
So to state government's gotten that grant. We in addition
to that, have our Build to Rent scheme.
Speaker 2 (32:05):
What that is is.
Speaker 4 (32:06):
Providing tax in centers for developers for private rentals, so
more public housing, more private rentals being constructed. And our
we've got a range of home ownership programs that's a
five percent deposit. There's our Shared Equity scheme and how
that works helped to buy is that for a new
(32:29):
dwelling then the government can be a forty percent owner
of a property. For an existing property thirty percent, So
say property is just for ease of mass worth a
million dollars. Then four hundred thousand dollars is provided by
(32:50):
the government and the government owns that share sixty percent
owned by the individual, so six hundred thousand dollars is
what they need rather than a million dollars, and they
can over a period of time payback by back the
government's share, or when the property is sold at the
(33:11):
end forty percent goes back to the government, or it's
done actually through banks. Yes, but it's been really effective
in Western Australia, has been going since the nineteen seventies
and having a national approach to this scheme as well.
So it is about supply, so we will have increased
(33:33):
new homes being built for private ownership, new homes being
built for private rentals, and new homes being built for
social housing as well. It's the biggest ever investment by
any government ever.
Speaker 3 (33:48):
That must make you pretty proud to be able to
say it does, because I hear that and I'm like,
that's pretty cool.
Speaker 4 (33:53):
As a proud HOUSEO, I'm really proud of the fact that,
I mean, the former government for a while, try not
to be too political here, but they didn't even have
a federal Housing minister for half their time and housing
is so essential because it's the key. A secure roof
over your head will impact your education, your health, everything
(34:19):
else comes from that as well. So I'm proud of that.
And the other effort that we've done, of course, is
to really concentrate on getting inflation down because that's a
prerequisite for getting interest rates down, absolutely and that's working
as well. Down to get inflation down, to have a
(34:40):
too in front of it now for some time, which
is a reserve bank band, which has led to three
interest rate decreases.
Speaker 3 (34:49):
Which is very attractive. Another really big topic that impacts
my community but also women at large is childcare, and
that topic is full of conversation at the moment. You've
said that a fully funded childcare plan could be a
legacy policy for your government. Universal childcare sounds like it
(35:09):
could be a game changer. But we've also seen with
the NDIS how good ideas can kind of be really
complex and quite hard to manage. What do you need
to see in the findings to make universal childcare both
doable and sustainable long term, Well, you need.
Speaker 4 (35:26):
To get the model right, and that's why we've done
it in stages. So the first stage was to increase
childcare substies, which made a big difference. The second stage
is what we've done on the three day childcare guarantee
and also a billion dollars for infrastructure of childcare centers
(35:50):
in out of suburbs and some regions where there just
isn't any accessibility as well. The other thing you needed
to do was to fix the work force, so paying
people properly, which we have done with substantial pay increases,
(36:11):
which is about keeping people in the industry and recognizing
that this isn't childminded, this is early education, and one
of the things that we have to do is change
some of the mindset in some of the Scandinavian countries.
It's just a given that early education contributes to then
(36:37):
going to school already having those skills reading and writing
and basic maths that begins at that time, drawing art,
but also the social skills that children learn of each other.
One of the great privileges of this job. I only
(36:58):
had one child is now very tall in age twenty four.
Speaker 3 (37:03):
There's still a child, well to me, still a baby.
Speaker 4 (37:08):
But going into early education centers is so uplifting because
at a time where there's conflict, including you know, we
see some unfortunate rally. Is it a bit of division
out there? Kids just they don't see race, they don't
(37:29):
see religion. They just see other kids their magic and
it's so good and so it's a great privilege of
this job. But it also is that the three piece
of economic growth, productivity, participation, and population, that's how you
grow an economy. Childcare does all three. It's about the
(37:53):
only thing you can think of that does all three.
It increases women's workforce participation, which is that record levels.
It increases productivity because it means women are going in
and out of the workforce. It changes it or for
as long it changes as well the retirement incomes and
(38:15):
closes that retirement gender gap which is there. And of
course it encourages population growth as well because people will
make financial assessments before when they're thinking about their family,
whether they can have their first, second, third, or however.
Speaker 3 (38:35):
Financial decisions absolutely, and.
Speaker 4 (38:39):
It can make an enormous difference as well as making
a difference to the child. And people will make their
own decisions of course about that's right for them. People
stay at home moms, that's great. You know, I had
that with my mum.
Speaker 3 (38:54):
But you got the relationship between you and your mom,
Like that's something enviable. I would say.
Speaker 4 (39:00):
Absolutely, But you know, when I was very little, before
the arthroats really kicked in. When she was she used
to work cleaning offices in the city overnight and then
look for me after me during the day because there
was no one.
Speaker 3 (39:18):
A hustler. I just feel like if she was still around,
I'd be like, can you come on my show? Can
we do it money diary? Can tell me about your envelopes?
I just have so many questions for this woman.
Speaker 4 (39:31):
Yeah. I don't know how, but she yeah was.
Speaker 3 (39:35):
Single mums get it done. I don't know if they're still.
I mean, awe of my entire community. We have a
really large population of single mums, and the way that
they scrimp and save and budget and just get it
done and still show up for their kids is incredible.
Speaker 4 (39:52):
Another insue I was really proud of in our first budget,
First Opportunity, I changed single parenting payment so that women
will be eligible and slightly women until their youngest child
is fourteen, because that was a real disincentive. There was
(40:14):
a relationship between a DV and people staying in relationships
if they didn't have financial capacity and Somers did a
wonderful study of that as well that showed that there
was a real impediment, and so I was really proud
that we did that first up.
Speaker 3 (40:34):
I love that I'm going to get a little bit
spicy with the last three questions because I am very
conscious that I'm running out of time with you and
I want to zoom out for a moment.
Speaker 4 (40:42):
So we've done well. The bells haven't rung yet.
Speaker 3 (40:44):
I know, I am feeling very superpower. This stops Parliament.
So a lot of our audience has been watching what
is happening with Trump in the US at the moment,
and Australia Post has even stopped shipments to America. What
is your take on the gap between what Trump says
he's doing and the actual impact we are seeing here
(41:04):
in our economy.
Speaker 4 (41:06):
Well, I think TARISA are an active economic self harm. Yes,
they're imposing costs on consumers in the United States and
that is having an impact, essentially producing greater revenue for
the US administration, but it will increase inflation. It is
(41:29):
having an impact here because of disruption in trade.
Speaker 3 (41:33):
We're seeing so many small businesses announced they can no
longer service that community.
Speaker 4 (41:37):
Well, the idea that if parcel goes to many small
businesses here just rely upon post slide. They don't have
a store, they're online effectively, and many of them are
really specific products that they're producing that are in demand
(42:02):
and in demand globally. The idea that a parcel comes
through an express post partel and you've got to pay
a tax on depending upon what is inside an individual
parcel is in my mind. We'll wait and see how
(42:22):
this plays out.
Speaker 2 (42:24):
Well.
Speaker 4 (42:24):
I can't see will possibly be workable in the medium term.
I think it's an idea that's popped up. It's not
just Australia around other Western democracies and major economies have
done the same thing because it's really hard. How do
(42:44):
you do an assessment, the cost of assessment and bureaucracy
associated with that. I can't see how it will work.
But it has been very disruptive, absolutely, and this is
an economic disruption. My government is trying to deal with that,
but every government is trying to deal with that as well.
Speaker 3 (43:07):
And I'm just going to give a little bit of
context to our listeners because maybe they don't follow this
as keenly as I maybe do. Trump recently posted on
truth Social which is his version of Twitter in all caps.
This is a great time to buy DJT and he's
talking about the stock market. And then only a few
(43:28):
hours later he went on to announce the pause on
tariff's Prime Minister, what do you make of that kind
of market intervention from a political leader and how should
Australians interpret moments like this.
Speaker 4 (43:42):
I think people will make their own interpretation on President Trump.
My job as Prime Minister is to be respectful and
to engage in dialogue in Australia's national interest. That is
something that we have been doing. Have the lowest tariff
(44:02):
of any country, or no country has lower ten percent.
We're arguing that reciprocal tariffs, which is what President Trump
says he is doing, would be zero. We have a
free trade agrammer, there are no tariffs on US goods
coming into Australia. And importantly, the US has a trade
(44:23):
surface with Australia. That is, we buy morph from the
US than the US buys from Australia. So it's.
Speaker 3 (44:32):
Math is just not mathing right now, That's right.
Speaker 4 (44:36):
It's something that we're just dealing with though, and we're
trying to be as constructive as we can. Be but
to put forward our case. President Trump has said that
tariff is the most beautiful word in the English language,
which is a strange one to have.
Speaker 3 (44:56):
He can have that, he can keep that quick.
Speaker 4 (44:58):
I can think of a range of things that I
would think are the most wonderful words in the English language.
I agree, fair, love, sharing, what you've got, tariffs, a
range of things that I would I would want to see.
Speaker 5 (45:17):
Justice each to their own, to their own to their
own exactly.
Speaker 4 (45:22):
And I've had three really constructive discussions with President Trump.
I look forward to more and to advancing Australia's interests.
Speaker 3 (45:33):
All right, I know that my time is running out,
but I'm being a little bit greedy, and I would
really like some of your what we call at this
she's on the money house, are finance hot takes. So
I'm going to throw a few things at you. I
don't want lots of conversation. I don't even need context.
I just want a quick response to each of these topics.
Speaker 4 (45:53):
I will try. I'm a politician, I know, but you're
paid to talk exactly.
Speaker 3 (45:57):
But you're also probably very well media trained. I just
expect that the responses a test, all right. By now,
pay later can be dangerous, yes, all right. The pink tax,
the pink tax, so the tax on women's not equitable.
Speaker 4 (46:16):
But these things are difficult to solve.
Speaker 3 (46:19):
Cryptocurrency no chance, no chance from me personally. Prime Minister
is not into crypto confirmed.
Speaker 4 (46:25):
The cost of eggs, The cost of eggs, well, it's
demand and supply. Childcare costs too high, but working on it. Okay.
Speaker 3 (46:34):
The gender pay gap lowest it's ever been. Love rent prices.
Speaker 4 (46:39):
Too high, but working on it.
Speaker 3 (46:40):
With supply, fast fashion good good, We're going.
Speaker 4 (46:46):
To have What do you mean by fast fashion?
Speaker 3 (46:48):
Over consumption of outfits and goods instead of having a season.
I feel like, no, this is what I was confused
about the time.
Speaker 4 (46:58):
No, I'm frugal.
Speaker 3 (46:59):
I think you would be a hard.
Speaker 4 (47:02):
No one for us. Absolutely.
Speaker 3 (47:03):
What about grocery giants, Ah, not easy to solve, okay.
And billionaire space trips.
Speaker 4 (47:13):
Just weird Ego trips is what they are, all right?
Speaker 3 (47:17):
Just for fun? I want to know what is your
unpopular money opinion?
Speaker 4 (47:21):
My team laugh at me because I always have to
have at least two hundred dollars cash in my wallet.
Speaker 3 (47:33):
What are you doing with two hundred dollars cash when
you don't have to go to the supermarket yourself anymore.
Speaker 4 (47:37):
I always you never know when you've got to buy something,
or your people buy you a coffee or something, you
can pay them. You need buy a raffle ticket.
Speaker 3 (47:51):
Do you know what this is your money story coming out?
Speaker 4 (47:55):
I absolutely they laugh at me, and you always also have,
say two hundred dollars. It's not the full truth. The
full truth is there's always also in my wallet in
behind the where the cards go and stuff, another fifty dollars.
Speaker 3 (48:14):
So if you stop, you just get me a plastic.
But I'm coming to your wallet.
Speaker 4 (48:19):
I'm the only person in this office who has cash.
Speaker 3 (48:23):
And if they need cash, who are they coming to?
Speaker 4 (48:25):
They do exactly exactly. I laugh at them and then
give it to them.
Speaker 3 (48:29):
Now, one very last, incredibly important question for me personally,
because I know you're a swifty and you're obviously getting married.
What tips have you got for Taylor now she's engaged.
Speaker 4 (48:41):
Oh well, her engagement has sort of blown hours out
of the order. Has that she gets fantastic?
Speaker 3 (48:49):
It's very exciting. I just love love, so I just
want to see people happy and they look.
Speaker 4 (48:55):
So fantastic together, and I just think it's great.
Speaker 3 (48:59):
So what tips are we giving for wedding planning? Any
frugal ones?
Speaker 4 (49:03):
As someone who got engaged on Valentine's Date last year
and still has not managed to complete the deed, We're
just really looking forward to it. I'm focused on me
and Jody let.
Speaker 3 (49:18):
Alone planning Swifty's wedding.
Speaker 4 (49:21):
I think she'll probably have it covers you.
Speaker 3 (49:23):
Budgets will be different.
Speaker 4 (49:25):
I think the budget will be a little bit different.
We will probably be zero point zero zero one percent
of her budget. I feel like that's travison.
Speaker 3 (49:35):
Honestly, what the Australians want to hear.
Speaker 4 (49:37):
I'm not going to lie exactly. No, it will be frugal.
Speaker 3 (49:40):
I love that. Prime Minister, thank you so much for
joining us in answering mine and my community's questions. I
have found this to be an absolute privilege. Thank you
so much.
Speaker 4 (49:50):
Thanks so much.
Speaker 3 (49:50):
That was fun, of course, and to our listeners, if
you have loved this episode, we would love it if
you shared it with a friend and make sure that
you are subscribed so that you never miss an episode.
Speaker 4 (50:00):
Cheers.
Speaker 6 (50:05):
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
(50:26):
your needs. Victoria Divine and She's on the Money are
authorized representatives of money.
Speaker 3 (50:31):
Sheper 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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