December 25, 2025 • 46 mins
It's our biggest Friday Drinks of the year so we're throwing a party aka our year in review. The stats, the moments that surprised us, and the community wins that honestly deserve more airtime... and of course your favourite blooper reel. Plus we get into which is cheaper, building vs buying a home. Building can look cheaper, especially online, but the reality is a lot messier. We talk about where the costs sneak in, why timelines matter, and why this decision feels very different depending on where you live and what stage of life you’re in. And because it’s summer, we talk credit cards. Should you get one to get through the next few months? When does it help, and when does it just make things harder later? We walk through how to think about it without shame or scare tactics.
Need the team’s take on your money dilemma? Send us a voicemail here.
Or if it's more of a spicy money drama and you want the communities verdict? Slide into our DMs here.
Ready for more laughs, lessons, and unhinged money chats? Check out our oh-so-bingeable Friday Drinks playlist. Listen here.
Join our 400K+ 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.
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
My name is Aatasha Bamblet. I'm a proud First Nations
woman and I'm here to acknowledge country t Glenn Young, Ganya, Niana,
Kaka yah y and Binahaka Nian our gay In Mbini,
yakarum Jar Dominyamiga Umagahawaka Woman Damon Imlan Mbaban Gadabomba in
and now in wakah Ghana on yak rum Jar water Nadaa. 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. She's on the Money. Hello and
(01:08):
welcome to She's on the Money, the podcast that makes
finance fun, especially on Fridays. And my friends, it is
not just any Friday. It is Boxing Day and the
last Friday of the year. So today we're going to
be throwing a little She's on the Money end of
year party to celebrate you our incredible community and that
means we are shaking it up. We are doing things
(01:29):
a little bit differently. I'm sorry Beck in advance, but
we are skipping the broke tips and going all in
on the celebration vibes with your biggest money wins of
the year, and we're going to be helping to answer
money dilemma. That's all about which is the better option
building a home or buying one? And something new slid
into our dms about should you get a credit card
to get you through the rest of summer? And of
(01:51):
course we've got our favorite end of year tradition, which
is maybe everybody else's our bluepur real.
Speaker 3 (02:00):
I saw that, my.
Speaker 2 (02:01):
Friends, How was your Christmas? How did you celebrate? Oh?
Speaker 3 (02:05):
It was really really fun.
Speaker 4 (02:06):
I just went to my mom's house as per my
mom and my three brothers and we just play games.
We tried Trivial Pursuit, which is probably the hardest game
in the world.
Speaker 3 (02:15):
I was such a nerdy kid. I loved kids Trivial Pursuit.
Speaker 2 (02:19):
That's the same same when we play it with my
nieces and nephews now and like I still love it.
I'm like, oh, you want to play that? That's crazy?
Speaker 5 (02:26):
Yeah?
Speaker 2 (02:27):
Kick your money, You're gone down. Do they play the
kids one or the red We play the kids one still,
but we have the adults one. And another game I've
been loving recently is called articulate.
Speaker 6 (02:38):
I articulate, I articulate.
Speaker 4 (02:40):
Yeah, but yeah with I don't think I've ever gotten
a trivial pursuit question right, really just to go back
to trivial pursuit, but articulate amazing Taboo?
Speaker 3 (02:49):
Is it the one?
Speaker 2 (02:50):
I love?
Speaker 3 (02:50):
Taboo? Yes? So we just kind of do that. It
was it was really nice. It was a nice, wholesome time.
What about you, guys?
Speaker 2 (02:56):
I love it.
Speaker 1 (02:57):
I love it.
Speaker 5 (02:57):
Min is good, lots of food, friends and family. The
three f's just yeah, it's I love this time of Yeah,
it's so nice. Added by Joy. I knew we've had
some good weather which has been really lovely and just
you're like soaking it all in.
Speaker 2 (03:11):
Yeah, I love that. When you said the three f's,
I was like, oh, like, my three f's the food, fuel,
and fun. And then I was like, oh no, actually,
people are much cooler than I am.
Speaker 3 (03:20):
That's what I think when you say the three f's
to make it festive.
Speaker 2 (03:24):
Funnily enough, you started on board games, and that's what
I got for Christmas. I asked for this board game
set because I was like, oh, like, we actually just
don't have these things. Whenever friends come over, like they
might bring one. We've got like a random assortment of games.
But I wanted the classics, and I found on Amazon
that they had these like classics, but they were like
in like colored boxes that look like books.
Speaker 3 (03:44):
Oh I've seen those on TikTok.
Speaker 2 (03:46):
Yeah, so I got them for Christmas, and I'm so excited.
My house twenty twenty six board game house, gorgeous. Come over,
We're playing board games. Yes, the best house to be Yeah,
I just think that's really fun. So I was really
excited about that. And then obviously just like lots of food,
lots of family, like just hanging out like our Christmas
is a very chill. Yeah, we hosted so we didn't
have to go anywhere, and I love that.
Speaker 3 (04:08):
For me, that's so exciting.
Speaker 4 (04:09):
I do.
Speaker 2 (04:10):
All right, Well, let's move on, because this is the
part of the show where I would normally share a
five star review, but because it's the end of the year,
I wanted. I guess she's on the money, rapped and
I've pulled together some stats for you guys, So move
over Spotify, We've got this. She's on the Money rapped.
Speaker 6 (04:28):
Oh I love that cool.
Speaker 2 (04:29):
So first I feel like this is me blowing our
own trumpet and like, really loud, are you ready? Because
of all of you, our community, I love you. She's
on the Money was the number one Australian business and
finance podcast again this year.
Speaker 3 (04:44):
Oh oh yeah, isn't that crazy? We're just girls. Wow,
we just got a mind.
Speaker 2 (04:49):
Blowing you guys downloaded our podcast sit Down six million,
one hundred and eighty four thousand, one hundred and fifty
eight times.
Speaker 3 (04:56):
Oh my god, I can't even comprehend that. That's insane.
Speaker 2 (05:00):
No, and get this, you guys listened to seventy five million,
five hundred and forty three thousand, two hundred and forty
minutes of She's on the Money in the last twelve months.
Speaker 3 (05:13):
That's I don't have the words.
Speaker 2 (05:16):
How is that seventy five and a half million.
Speaker 3 (05:19):
That's crazy? Go wow, oh my god, that's literally that's incredible.
I wont how many times they heard the word slay.
Speaker 2 (05:26):
Yeah, that's the seventy million.
Speaker 3 (05:30):
Yeah yeah.
Speaker 2 (05:31):
And also just the idea that that many people have
had us in their ears for that long wild which
I've done the maths equates to fifty two thousand, four
hundred and sixty one days of putting future you first.
Speaker 6 (05:45):
Whoh oh, my god, Dad.
Speaker 2 (05:50):
And now I've got a guessing game for you because
I've done the stats again. Ye, guys, how many years
does that equate to?
Speaker 3 (05:56):
I was just thinking my brain, I wonder how many
years that is? Wait, what was the numbering?
Speaker 2 (05:59):
Okay, so it was fifty two, four hundred and sixty
one days of putting future you first, three hundred and
sixty five days in a year, except every four years.
I'm going to sleeky take that into consideration.
Speaker 6 (06:13):
You actually.
Speaker 3 (06:15):
Ten oh wait ten ten?
Speaker 6 (06:18):
It's so dumb, girl.
Speaker 2 (06:20):
What No, that's why you're on as like content and
I'm on as math's girl.
Speaker 3 (06:24):
I say, like one hundred and sixty Oh, she's good.
Speaker 4 (06:30):
I'm going to say one hundred and seventy six.
Speaker 2 (06:33):
Okay, it's one hundred and forty three seven years, So
like you, you're pretty close. Like those are pretty good guesses. Wow,
very impressed over a century of us.
Speaker 3 (06:44):
Oh my god, I'm.
Speaker 2 (06:45):
Lucky, unlucky for the people who have consumed that much.
I mean, you're probably in a better financial position, which
is exactly what we wanted. That's it, and sorry Spotify
for taking your wrapped But I will give you a
little bit of a shout out because Spotify also gave
us some awards In twenty five. We won the Marathon
(07:05):
Show Award, which means our fans listen to us ninety
nine percent more than other shows. Whoa guys like we
got a most talked About show, which means we get
ninety nine percent more comments than other shows.
Speaker 3 (07:20):
And I love reading those. I read them every week.
Speaker 2 (07:23):
It's like it's like we're in our dms, but getting
our dms like scar.
Speaker 3 (07:27):
They want to Yeah, they're all fun and nice.
Speaker 2 (07:29):
They're fun and nice, and when people aren't nice, I'm.
Speaker 3 (07:32):
Like, well, why are you here?
Speaker 6 (07:33):
Like, yeah, that's fair.
Speaker 2 (07:34):
I will give you a refund on everything you've paid
to listen to this podcast, totally off you trot.
Speaker 3 (07:39):
And then get this.
Speaker 2 (07:41):
We won an award for being one of the most
shared shows, so we were shared ninety nine percent more
than other shows.
Speaker 5 (07:51):
That makes my heart really happy because it makes me
think that you guys are listening and going, Wow, I
think this episode would really help somebody that I know.
Speaker 3 (07:57):
And yeah, that's.
Speaker 2 (07:59):
Incredible and we're so lucky because those are stats that
we can't get ourselves obviously, Like that's internal stuff from Spotify.
Like we can't compare ourselves to other podcasts because we
don't get access to their data and analytics. So it's
really special to like get that insight because I can
get the data of how many downloads we get, But like,
where does that put us on the grand scale of things?
(08:20):
Like wild to think that you guys Binge listen to
us so often, and I just think that.
Speaker 3 (08:25):
I just am so lucky.
Speaker 6 (08:26):
That is so cool.
Speaker 2 (08:28):
Also, I've got some more Spotified rapped stuff because as
a podcaster, I get this cool log in to Spotify
that gives me my own podcasts rapped.
Speaker 3 (08:38):
We love a little bit of data. You're ready.
Speaker 2 (08:39):
Absolutely, I don't think you're going to be surprised here.
I'll give you one guess which music artist did our
community listen to the.
Speaker 6 (08:45):
Most ten Swift?
Speaker 2 (08:46):
Surely yeah it was Taylor Swift. And this is not
going to come as a surprise. But I also think
that if you go, oh, well, if they're listening to
she's on the money they're listening to. She's on the
money books. That is not true. The answer is not me.
But what was our community's most listened to audio.
Speaker 4 (09:02):
Books Elizabeth Gilbert Love Eat Eat Pray, Eat Preyer Eat
Pray Love.
Speaker 3 (09:09):
It wasn't Can I say akata. I'm just manifesting that
it's my girlies.
Speaker 2 (09:13):
No, it's not like that's probably up there, but like,
these are my girlies, the self help girlies. Do you
want another guess because it's like it's a self help
ish book.
Speaker 3 (09:22):
Oh, easy, easy way with Ellen Carr.
Speaker 6 (09:25):
What is that Let's stop vaping book?
Speaker 2 (09:28):
Oh, the stop vaping book. Understand it's not on the list,
but that's a good recommendation.
Speaker 3 (09:34):
Thought going to give you a bathfoot investor, But I
don't want to say that.
Speaker 2 (09:37):
I mean, you don't have to say barefoot investor because
it's let them. So it's the let them theory by
mel Robins stands.
Speaker 3 (09:44):
Actually yep.
Speaker 2 (09:45):
And also just to throw it out there, guys, she
is coming to tour Australia next year. She is and
my producer Emma and I, or our producer Emma and
I have been crafting little pri emails to get her
on the show. Because I just think, what an epic
opportunity to have her sit down to let them theory
and money. Oh, it would be so juicy, and I
(10:07):
feel like this is just a really good time for
me to be like, if you have a connection, if
you want to slide into her DMS, if you want
to hear her on She's on the Money, you could
just let her know.
Speaker 3 (10:15):
Yeah, yeah, you could just let her know.
Speaker 2 (10:17):
So if you would want to hear mel Robbins on
the show while she is here in twenty twenty six, I.
Speaker 3 (10:23):
Don't know, help a girl out.
Speaker 2 (10:25):
I just feel like that would be good content.
Speaker 3 (10:27):
I couldn't agree more. And I'd love to meet her.
Speaker 2 (10:29):
Oh my god, yes, sex this is very self indulgent
at the same time as in my head being really
good content. Anyway, moving on, what do you think how
most popular episodes were?
Speaker 3 (10:39):
Great?
Speaker 6 (10:40):
I'm thinking like investing for Kids.
Speaker 3 (10:42):
Oh my gosh.
Speaker 2 (10:43):
Yeah, really, well, not for kids, but investing for beginners.
Oh yes, so number one episode was investing for Beginners,
stop dreaming and start doing. In twenty twenty five, Gray
or Sick, Yeah, great, number two Number two Rich Girl
mindset of how to get it?
Speaker 3 (10:58):
Yeah, we all want to be rich.
Speaker 2 (11:00):
And then number three.
Speaker 3 (11:02):
I want to say the first episode maybe not for
the most out, but it wasn't people listen every year.
Speaker 2 (11:08):
It wasn't.
Speaker 6 (11:09):
Was it any drink, No, it wasn't.
Speaker 2 (11:11):
This is going to stroke a team member's ego though,
Oh it's not us. Yeah, books investing diary. Yeah, so
Brooks investing Diary. How this she's on the money team member,
built her portfolio and can retire by the age of
thirty five.
Speaker 3 (11:25):
It was a goody. It was a goodie.
Speaker 2 (11:27):
And then I feel like the video clips went really
viral and like it is quite crazy to think that
someone so young is building a portfolio to be able
to retire it thirty five. You go, how does that work?
And she's like, we'll sit down, I'll show you exactly
what I'm doing.
Speaker 3 (11:40):
Yeah, totally.
Speaker 2 (11:41):
Yeah. It just got so many good reviews, good content.
So yeah, we'll do more of that in twenty twenty six.
We do blogs every week. I know that not everybody
knows that we post blogs, but I love writing. I
don't know if you guys know. I have a whole
column in The Age and City Morning Herald, and they
let me rant every week. They give me a thousand
words to just spend and I can tell people my
(12:04):
thoughts and feelings. I see that we also do that internally.
So we have a blog, our most popular blog posts
on our website, and I actually have carved out the
Christmas Gift Guide because that was obviously the most of course,
because I feel like everyone's like, oh my goodness, I
need this. But our most popular blogs coming in at
number one three mortgage hacks that could save you thousands
(12:27):
without you giving up your daily oat latte. I felt
that was a very important.
Speaker 3 (12:31):
Very brand us yep.
Speaker 2 (12:33):
Number two was asking for a friend. How much does
everyone really have in super Friends the fun? Yeah, but
we also use our community data, so we always dive
into well, this is how much our community has. And
number three was the best high interest savings accounts in
Australia right now. Yes, with all of the hoops, explained
(12:53):
that that was.
Speaker 3 (12:55):
Just no Jess's read it.
Speaker 2 (12:57):
We greing back and forth like that blog was like
I would say, a team effort, because not only did
we have to like write a blog, but we had
to do the research. We had to do this whole
damn spreadsheet. I just I was like, I'm not having
people coming back to me and go Victoria, Are they
just like the best high interest savings accounts you can
find on Google?
Speaker 7 (13:15):
No?
Speaker 4 (13:15):
No, like asked Jess, the spreadsheet was extensive. I'm just
more impressive. You guys, remember, because you do them all
the time.
Speaker 2 (13:24):
I would be like, I think it was trauma.
Speaker 5 (13:26):
Certain things just stick in your mind. You associate with
them with something. I'm glad that that one did well.
Speaker 2 (13:32):
Not like none of those were sponsored. They were blogs
that we were like, let's do the best high interest
savings accounts in Australia right now. And it was really
fun because we'd come up with like new banks or
like find other things. And then unfortunately I make the
team read the pds. I'm like, you can't just like
look at their website marketing. That's where the trauma I
think comes for Jess and George and Brook consider. Anyway,
(13:55):
I'm going to make sure that all of those are
linked in the show notes for you. So if you
missed them, and you'll but they were the top ones,
you're not going to chase them for very long. Now,
let's move into the money wins of the year and
the things our community are most proud of. So we
asked our community what their biggest money wins of twenty
twenty five were and what they were most proud of,
(14:15):
But before we share them, I wanted to ask the
same thing for our question of the week, so I'm
not giving that to the community. What are you most
proud of in twenty twenty five, Jessica Rici.
Speaker 3 (14:25):
I don't think anyone's going to be surprised at all.
I'm proud that I'm building a house.
Speaker 2 (14:30):
Yeah, ex she earns it woo. You know, it's a
feeling that wasn't meant to be condescending, I promised, but
like that is so slay.
Speaker 3 (14:37):
Yeah, I could not be more thrilled to be in debt.
That's been a long time coming.
Speaker 5 (14:41):
As everybody knows, it's been quite the journey, and I'm
just really happy that the process is going and I'm
so excited about the fact that I'm building what will
be your home.
Speaker 2 (14:51):
That's crazy, that's so exciting, and I just love that.
I know you wanted to buy something pre established, but
now we're going through I say weep because I feel
like I get to join. We're going through the process
of like just picking out all of her like designs
and like the tiles in the bathroom and the kitchen,
and I'm just like, this is going to be the
most Jess house ever.
Speaker 3 (15:09):
There's going to be lots of pink.
Speaker 2 (15:10):
There's so much pink, so much peach, there's so much pink.
I'm just so excited about it.
Speaker 3 (15:16):
I couldn't fear. I'm over the moon.
Speaker 5 (15:18):
Honestly, anytime I think about it, I just like, right now,
if you get through there, I'm like beating I just yeah,
it's so exciting.
Speaker 2 (15:22):
It's so so nice.
Speaker 6 (15:23):
Yes, and so so cute.
Speaker 2 (15:25):
Misspects sayed, what are you most proud of?
Speaker 4 (15:27):
Honestly, I was going to say, there's no like moment
that sticks out for me, but I think that I
am genuinely proud of the fact that I do live
paycheck to paycheck, but somehow I've managed to keep my
share house alive. I've managed to do all the things
I need to do and staying happy and staying free.
So I am just really proud that I'm not rich,
but I'm really making it, and I'm I'm very happy
(15:50):
about that.
Speaker 2 (15:50):
Maybe twenty twenty six will be the year that Beck
finally lets me do her cash flow system and then
implements it.
Speaker 3 (15:58):
That's the hard part.
Speaker 6 (15:59):
It's the hard part, that's the harbor.
Speaker 2 (16:01):
You're an investor, You've been an investor for more than
twelve months now, and I just feel like that level
of security probably really helps as well. Absolutely, what are
you most proud of this? Yeh? I wish I could
be like, Oh, I had this big thing that I did.
I think it's just the community. I feel like our
community has come together more this year than ever before.
I feel like we are lifting each other up. And
(16:23):
it sounds so fluffy, but when I was thinking about it,
I was like, it's literally just that vibe of like
the community coming together. And I think because we've been
around for so long, I'm now seeing more stories come
out where they're really big, big wins. So like, I'll
get messages now every week of people not just going
thanks so much. You helped me with my budget and
(16:44):
cash flow, which you know in year one we definitely got.
But people are changing their entire lives or have changed
their lives, or they're graduating a unique course they didn't
think that they could have done without us hyping them up.
Or they've bought their first home and they started in
debt and it's taken five years, but they're still on
the journey with us, and it's just so special to
know that our community are so successful. Like that's really
(17:07):
really cool. I think from a like a personal perspective,
my husband and I bought our I don't know, our
forever home this year, which was like the biggest thing ever.
And I've you know, I don't want to talk about
it heaps and heaps because I know that we're in
a very privileged position, but I also just go, this
house to me was something that I could never have comprehended.
(17:29):
Like I did not think that that was ever going
to be our reality. And I have worked really hard,
and like I don't want to downplay it, like that's
where it came from. It came from hard work, It
came from you know, all of the tears, all of
the sacrifice, all of the everything. But like, what do
you mean I got to purchase my dream home, So
that for us is really cool and just the idea
that you know, this is the home that Harvey's going
(17:50):
to grow up in. I just go, what, like, this
is the home I'll bring other children home to?
Speaker 3 (17:55):
What Like that's so cool?
Speaker 2 (17:57):
That's just cool for me, and I think that stability
is something I've always wanted to achieve for my children.
So yeah, bit fluffy, but also like a guess community,
and I bought a cool house for everybody. I say,
oh god, absolutely, cheese. You have gone through and done
a fair bit of work to pull out what we
think are some pretty big annual money wins.
Speaker 3 (18:21):
What have you got alrighty?
Speaker 5 (18:22):
Firstly, I've got one from Georgia, who said she started
the yart with twenty five thousand dollars down from forty
nine left to pay on her consumer debt. She's now
sixteen k in the green, including a five thousand dollar
emergency fund, and completely debt free.
Speaker 3 (18:38):
Oh my gosh. She said her credit score is the
best it's been in five years.
Speaker 6 (18:41):
Amazing.
Speaker 3 (18:42):
How incredible is that?
Speaker 2 (18:43):
That's so much money? That's so much my sorry sorry sorry,
So she started that she's doing more than one thousand
dollars a month to smash that out yep, and build
her Now that's more than two and a half grand
a month.
Speaker 3 (18:55):
Yeah, wild Georgia.
Speaker 5 (18:58):
Next, Rihanna said her biggest money win of twenty twenty
five was getting a promotion at work through self advocacy,
building her personal brand, networking with colleagues, and putting herself
in situations outside of her comfort zone. She said she
knows that she will continue to capitalize on these skills
into the future as well.
Speaker 3 (19:14):
Good on you.
Speaker 5 (19:15):
Then I've got one from Zoe Marie, who said she
refinanced her home loan at the twelve month mark to
her everyday bank so she could maximize the offsets, paired
with a few interest cuts that we've obviously had, and
now she's technically paying over one thousand dollars less per month,
but they're still paying additional funds to try and bring.
Speaker 3 (19:32):
The term of the loan down. Gotcha.
Speaker 6 (19:34):
I love that.
Speaker 5 (19:35):
So that's great, very clever queen, paying the same amount,
paying it down faster. Much incredible work. Next, Sarah said
her biggest money win was double checking her income tax
and super by doing her due diligence and reading up
on policies and pay scales, plus a few confident discussions,
meant she received thousands in what she was owed and
that had been mistakenly missed on payroll and may have never.
Speaker 3 (19:56):
Been picked up on.
Speaker 2 (19:56):
Oh my god, wow, that's so good.
Speaker 5 (19:58):
Always cross checked, totally that's the dream, genuinely. Next, Katrina
said that she has paid off her mortgage in twenty twenty.
Speaker 2 (20:05):
Sorry the whole mortgage.
Speaker 3 (20:07):
The whole mortgage cool.
Speaker 5 (20:09):
She says, we changed the way we divided our money
into our accounts and it has changed our life. I
learned that prioritizing paying off the mortgage is exhausting, So
make sure you.
Speaker 3 (20:17):
Reward yourself occasionally. Yeah, it would be you think is
a really great tip.
Speaker 2 (20:21):
Totally.
Speaker 5 (20:21):
Next, Sarah said using little ty cards throughout the year
and saving them up for hard times. She's been living
on them for a month and it's been hard as
she's moving into a new house, and it's meant she
can save where she can adore pass you set up
future you incredible work. And then lastly, I'm going to
do one this year from Talia, who said she graduated
university set herself a long term money goal because she
(20:43):
wants to have investments equal to her HEX balance before
she starts a family and has to take parental leave.
She said it took seven years, but with the twenty
percent cut applied and her most recent small chunk invested,
her portfolio balance is now greater than her HEX balance.
She said, what's more exciting than that my little one
is due in eight weeks? Spertulations, Tarlia, that's amazing.
Speaker 1 (21:07):
Stop it.
Speaker 2 (21:07):
I absolutely love that. Ah. I love our community so
much it makes me want to scream, Like I just
I'm so ridiculously proud of everyone in there. It doesn't
matter if you you know, we're just looking at cutting
down your after pay or you paid off your mortgage like,
I don't care. I'm equally excited about all of those.
Speaker 3 (21:23):
Yes, you guys are incredible.
Speaker 2 (21:25):
All right, let's go to a really quick break and
on the flip side, we are diving even deeper. We
are going to be talking about which is a better option.
Are we going to be building a home or are
we buying one? And something we slid into our dms
about should I be getting a credit card to be
getting through the rest of this summer?
Speaker 1 (21:41):
Mm?
Speaker 5 (21:41):
Spoiler, I wonder what Victoria thinks. Anyway, Let's go to
a break. Welcome back, everybody. Let's take a listen to
this week's money dilemma.
Speaker 7 (21:54):
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, career and
life questions. To get involved, simply head to our website
and leave us a short voice recording and you might
just find yourself on the show.
Speaker 2 (22:12):
Now, let's take a listen to this week's money Dilemma.
Speaker 3 (22:17):
Hello, SotM Squad, Happy Friday.
Speaker 8 (22:20):
I'm in the middle of listening to twenty of the episodes, actually,
but I have a dilemma or a question, so to speak,
about building versus buying. This year, me and my partner
bought our first house, a townhouse, and we are well
and truly on the way of looking what the next
house looks like for our family home. And I work
at a bank in the construction lending sector, and right
(22:41):
now it's proving true that building is going to be
a lot cheaper than it is buying, and that might
change obviously in the next like one to five years.
But I'm curious to know what your thoughts are on
buying versus building. Thank you well.
Speaker 5 (22:57):
I had this exact situation this year myself, so I
feel you tell me kind of qualified. I had a
very similar situation to our listener in that I was
just finding that everything that was established was so expensive
to the point where prices were being pushed up beyond
what I felt was reasonable for them, like you would
be overpaying in my opinion. Now I'm obviously going through
(23:20):
the building process. I'm still in very early days, but
I think it's been a fantastic decision for me. I
think the really fun thing, especially if you're someone who's particular,
is when you build, like all of that control sits
with you, so you get to pick, as Victoria was
saying earlier, like all of your tiles, your wall color,
like all these different fun things. And I think that
(23:40):
that is a really exciting thing to me, Like it's
something that I've really enjoyed. It has been a bit
of an arduous process, but it's been really fun. The
other thing is, and I guess because you guys already
have your property, it's probably not as applicable to use
it was to me.
Speaker 3 (23:55):
But building a.
Speaker 5 (23:55):
Home meant that I was able to take advantage of
a lot of grants and schemes that I wouldn't have
qualified for had I purchased established. So, like the first
home owners grant the stamp duty exemption because of the
cost of buying established homes, I would have capped out
on that, whereas if you're buying land and then building
a home on it, the assessment is done on the
(24:17):
value of the land at the time that you purchase it,
which is often like half ish of your total cost,
And so like that saved me. I believe, like thirty
plus thousand dollars is stamp duty. I'm with your Victoria
because she knows the numbers.
Speaker 2 (24:31):
I'm yeah, I went through her numbers. Yep, everything she
has said so far. Yes, yeah, there were huge things
to me.
Speaker 5 (24:38):
Obviously for you that might not be the case because
you've already bought a home. But I think I'm a
big fan of the process of building. Heaps of people
said to me over the years, Oh, I wouldn't build
your first home, and now that I'm doing it, I
don't really understand why they said that, Like maybe.
Speaker 2 (24:52):
A building not to be rude. Yeah, it's like when
people are like, how hard could parenting be? True when
they're not parents, and I go, you sit down, you
just wait. People say things like, oh my god, I
would never let my kid. No, sorry, you can't say
you can't take a Yeah, like, don't get me wrong.
You might have a very smooth process and I'm manifesting
that very hard. But yeah, yeah, sorry to cut you off.
Speaker 3 (25:18):
Tell me your thoughts.
Speaker 2 (25:19):
Okay, So when it comes to building versus buying on paper,
building is going to look cheaper, that doesn't mean it is.
I think we need to look at the season and
of our lives. And you know, to flip this, we
didn't build, but my husband and I purchased our first
home with the intention of significantly renovating it, and we
did and we sold it and like it all came
(25:41):
out in the wash. When I say it all came
out in the wash, it was a chaotic process, like Jess,
you remember my chaos period. And I can't tell you
if that was all the builder's fault. Terrible builder, by
the way, sorry, not builder, terrible project manager. The builder
was delightful, terrible project manager. It wasn't me, by the way.
I didn't like if I had, it would have been
(26:02):
just as bad. Anyway. That process meant that we thought
we would have ended up walking away with a bigger
profit on the house when we sold it, and that's
just not the reality of the situation. Absolutely fine, because
that's not what you're checking in with my husband, and
I decided that building wasn't for us because it really
depends on where you're building what you're looking at, Like
Jess is building in an area that has a lot
(26:23):
of construction already, and you're.
Speaker 3 (26:24):
Going to go in availability.
Speaker 2 (26:26):
Yeah, you're going to go with a house on land package.
So for me to build any area that I would
have wanted to build in, it would have meant there's
no empty blocks of land. It would have meant a
buy a house, demo a house, rebuild a house, which
is going to have a lot more costs associated with it,
not just because of demolition, but because it's out of
the area that most of the builders are working in.
(26:48):
So Jess is going to get more preferable rates because
they're also building three houses down the street that have
very similar fittings and fixtures and they can kind of
keep things on a similar timeframe. There's a lot to it.
It also depends if you've entered into a fixed rate
building contract versus a not fixed rate building contract. And
as we're probably I don't know if you guys are watching,
but like mining is getting more expensive, minerals are getting
(27:10):
more expensive, iron ore is getting more expensive, and for this,
it means that lots of people's budgets are being blown
because they're like, oh, well, you know, these these floorboards
were fifty dollars a square meter, they're now sixty dollars
a square meter, and you think ten bucks here and there,
what's the difference. But this stuff adds up. And then
it's also the delays. So Jess is in a perfect
(27:32):
position from my perspective. She's got a rental property that
she can live in. You could go month to month
if they kept pushing it out and make it work
for you. But there's a lot of people who will
build and then go home moving with mum and dad
for the six months they say it takes, then it
takes twelve, or they have to keep renting and paying
the mortgage on the land. Look, there's just a lot
(27:52):
to go through. So I don't think that there is
a right or a wrong. But I think it's about
deep diving because like, I wouldn't do it in my area,
but I did the numbers for Jests and I was like, yes,
dive in Like that sounds fantastic, Like you know, she'd
already done the research before she even bought the house
on the type of builder she'd use, how much the
type of house she would want to purchase would cost,
what the upgrades would look like, what upgrades she could afford,
(28:14):
versus not like just went deep. That's what I want
you to do if you're going to be doing that,
whereas I went deep on mine, and I was just like,
my goodness, Like this is crazy.
Speaker 8 (28:25):
You know.
Speaker 2 (28:26):
I don't want to scare people, but like I have
a neighbor down the road for me who did the
knockdown rebuild. Their house is going to be beautiful. They're
already fifty percent over budget.
Speaker 3 (28:35):
That's crazy.
Speaker 2 (28:37):
And like once you get there, what do you do?
Just stop building the house? Yeah, you see, So you
have to make sure that you know what you're up
against when it comes to building, Like, yes, you might
save on stamp duty, but like, what does the timeframe
look like? And I feel like yours is very predictable, Jess, Yeah,
because of the style of house, the location, et cetera.
Speaker 3 (28:58):
Build her and stuff too.
Speaker 2 (28:59):
Exactly exactly, Whereas if we had done it, we could
have gone through a volume builder. But because it's so
out of the way of every other house they're building,
we would be the ones that would be left lagging
while they prioritize getting a bulk lot done.
Speaker 5 (29:11):
Yeah. The other thing I would say, sorry, you remind
me of something very good. I so about this in
a YouTube view. The costs that you look at for
houses online are so not even remotely close to the
final costion there.
Speaker 2 (29:21):
It's crazy. They'll give you the budget version.
Speaker 5 (29:23):
Yeah, and it's like you have to factor in upgrades,
site costs, which will vary depending on where your land is,
the cost putting appliances, driveway, your driving's.
Speaker 3 (29:31):
Not included, fend, things not included. There are lots of
things like that.
Speaker 5 (29:34):
That you need to factor in that will be on
top of whatever those listed prices are online.
Speaker 2 (29:39):
So you go, great, that's the house, and they're like, yeah,
the shell of the house.
Speaker 6 (29:42):
Huh, yeah, that's so mean.
Speaker 3 (29:44):
Yeah it is.
Speaker 2 (29:45):
But then there's just such variance between what you do.
Like Jess will go in right, so she's picked her
like shell of her house. And now we're going in
and we're looking at the kitchen. Do you want marble
bench tops? I do need it, yes, but like some
people would not want that out. Yeah, that's going to
cost you between ten and thirty thousand dollars yep, and
that's another cost to be added. Great, what types of
(30:06):
appliances are you putting in? Are you just putting in
the most basic or are you like, no, massive cook,
I want the fanciest European appliances. Well that's going to
change the price point again, and these changes around the
house are going to add up. Yeah, the type of
tile you pick one could be the most basic tile
dollar per tile money win.
Speaker 3 (30:27):
Yep.
Speaker 2 (30:28):
You could be like, oh, I really like these Italian
blue ones.
Speaker 6 (30:30):
They work really well.
Speaker 2 (30:32):
Great, that's actually seventeen dollars a tile, and that adds up.
So it's not that they're trying to screw you over,
but they can't give you an accurate representation of what
your dreamhouse is going to look like because they're not
trying to mess you around. They're like, the base costs this,
and then your kitchen could cost like we could probably
build one for ten grand money win. Or did you
(30:53):
want all of the luxury inclusions because that's a fifty
thousand dollar kitchen totally? Well that's one hundred thousand dollar kitch,
you know what I mean? So is that fair to
just give it a one price. I see, Yeah, yeah
that makes sense. What would you do build a bye?
Speaker 1 (31:08):
God?
Speaker 4 (31:08):
I just am so it's not my world, it's not
my wheelhouse. But I think that I wouldn't have the
patience to build. I feel like I would be so
excited to be purchasing that I would want it to
be already existing. But there is something really nice about
knowing that you're walking into a home that you've bought,
and you, other than the builders, are the.
Speaker 6 (31:30):
Only ones to touch the service lived there. You're the
only one to live in that house. Ever. You know,
there would be something really special about that.
Speaker 2 (31:39):
Do you care about that? Are you excited about that?
Speaker 5 (31:41):
I mean yeah, like I guess it's something nice, like well,
no one had sex on my kitchen counter. Yeah, I
think there's something in it all being do you house
sit up?
Speaker 2 (31:53):
Beck and I are interested.
Speaker 3 (31:57):
It's because you want to.
Speaker 2 (31:59):
We were just we're just interested in the opportunity.
Speaker 3 (32:03):
Yeah, that sounds which was coming on to me, But
I'm open to it. That's so fine.
Speaker 2 (32:08):
You know what I would if I could, but I can't.
Speaker 6 (32:09):
So I'm so glad to eilat year I'm married.
Speaker 3 (32:12):
Maybe it could have worked. It's a real shame. But
if you could keep your kitchen.
Speaker 2 (32:20):
Counterclanus fantastic, that would be fantastic. I just didn't care
about that as someone who's always like lived in rentals
and bought secondhand cars like I.
Speaker 3 (32:31):
Just that's a great point. Like all my couches.
Speaker 2 (32:35):
Yeah, I've got this brand new kitchen. No one has
had sex on my kitchen bench. The couch, though, I
don't know what those stains are.
Speaker 3 (32:42):
Look, I'm in the market as a couch is okay?
Speaker 2 (32:46):
Oh god, all right, let's move on. I feel like
that has probably wrapped that up. Would you like to
get into the DM.
Speaker 3 (32:52):
That we got? Absolutely yes, please?
Speaker 7 (32:54):
All right.
Speaker 2 (32:54):
So I think this is a really timely one, which
is why I picked it. So someone slipped into my
DMS this week and said, Hi, she's on the I
have a dilemma that I'd love to get some opinions
on context. In term four, I took a nine week
opportunity as a teacher's aid in a town twenty hours
from where I'm from. As a temporary position, I won't
receive holiday pay over the next six weeks, but I
will have permanency there In twenty twenty six, however, I'm
(33:18):
concerned about finances over the six week holidays that are
coming up. I've left with five thousand dollars in my
bank account and four and a half thousand dollars in
my raised shares. At the moment, I don't have any debt,
just twenty seven hundred and sixty five dollars of total
rent to pay for the next six weeks before I
return to start my new job. I'll also have a
few big expenses over the holidays. The big question here
(33:40):
is should I apply for a personal loan or a
credit card to get me through this period or is
it wise to withdraw some of my money from shares?
Speaker 8 (33:48):
Oh?
Speaker 4 (33:51):
I mean, maybe it's because I am kind of savvy
with my money now, because I'm perpetually broke.
Speaker 6 (34:00):
And sorry, you're.
Speaker 2 (34:01):
Definitely getting better. I don't think you're broke.
Speaker 3 (34:04):
I'm going to video you.
Speaker 2 (34:05):
You're not allowed to call yourself broke when you have
a shared portfolio. Yeah true, actually legal, Yeah that's true.
Speaker 6 (34:10):
That's a really good point. That's crazy.
Speaker 2 (34:11):
But I'm taking your identity away from you. I'm so sorry.
Speaker 3 (34:14):
That's so fun.
Speaker 4 (34:14):
I think that I would just be picking up and
I know that it sounds like they're quite busy, but
I would be picking up.
Speaker 2 (34:19):
Like odd jobs here and there.
Speaker 6 (34:21):
It's a really tricky one.
Speaker 4 (34:23):
I don't think you should go into debt because it
could get out of control really quickly, like a wildfire,
you know.
Speaker 3 (34:30):
So don't risk it.
Speaker 6 (34:31):
Don't risk it.
Speaker 4 (34:32):
I'd be trying to find odd jobs here and there
before dipping into your shares.
Speaker 3 (34:39):
I mean, six weeks is a long time to not
be working. I think that I'm with you.
Speaker 5 (34:43):
I'm team like, pick up some extra work, if you
can do some doornatshit do whatever to me? You say, like,
what I have heard is rough a little bit over
half of your income or money that you have, half
of your five thousand dollars needs to go to rent.
In my mind, for myself, two thousand dollars to last
six weeks would be enough to cover food, et cetera.
(35:04):
I don't know about your bills and stuff, and I
don't know about those large expenses that you alluded to.
Speaker 3 (35:08):
Yes, so if the combination of those things is going to.
Speaker 5 (35:10):
Chew through all of that five thousand dollars, I would
be saying that, yeah, you do need to look at
an alternative option to give yourself a bit of safety,
whether that is picking up our jobs. That would be
my personal preference for you and for myself too. Honestly,
if you had to get a credit card, and I'm
not against credit cards, I have one for the points
I think, I would just say, be smart about it,
(35:32):
so I would save signing up for the credit card
until the last possible minute, so that you can align
your repayment with when your first payment from you when
your job will because I assume at most your first
payment would be every four weeks, but I believe for
teachers he today it's more often fortnightly. So if that's
(35:53):
the case, I would say, maybe like a week or
two before you go back to school, when you arguably
probably are quite skin get a credit card. Do not
spend more on that credit card. Then you will be
able to pay off with that first pay cycle, and
make sure that you do so so you're not paying
any interest.
Speaker 3 (36:10):
Is it an ideal situation?
Speaker 6 (36:11):
Obviously not.
Speaker 5 (36:12):
It really comes down to are you responsible enough to
have a credit card? All those sorts of things exactly
We're saying, if you're going to spend and get into
like a bad cycle, wouldn't recommend Definitely my preference would
be just pick up the extra work to get you through,
because six weeks is a long time to not be working.
But if you absolutely had to, I don't want you
to not have any money available to you at all.
Speaker 3 (36:31):
That's my thought totally.
Speaker 2 (36:33):
I agree and don't agree. I would be like saving
the credit card as a last resort, like just because
I feel like that's a fantastic way of dealing with it. Jesse,
It genuinely is. But that's how so many people get
their first credit cards and then get themselves into deck
because they go, this will just get me through this period,
and then after this period, I'm just not going to
(36:53):
use it again. But then next month happens and you
really want to go to someone's birthday, or the month
after that happens and you're like, far out, I've got
unexpected rediro cost. I'll just chuck it on my credit
card and deal with it later. And that's how debt
starts to snowball, and you start to get more and
more comfortable using your card and you don't think about it,
Like nobody gets a credit card with the intention of
going into significant debt. I don't think I've ever met
(37:14):
someone who's been in significant credit card debt and I've said, well,
you know, why did you first get a credit card?
Talk me through that, and they go, well, V I
just had all this expensive luxury stuff I couldn't afforded,
and I just thought, yeah, I just thought i'd get
a credit card and I could have that stuff. It's
always a story like that, where oh, yeah, I had
these six weeks and that's the tipping point. So I
(37:36):
feel like it's a very slippery slope, which is why
I would avoid it at all costs. Not saying it's
the end of the world to do that, but I
just want a caveat there. For me, it would be
what you suggested as well. What could you do in
those six weeks? Could you jump on air tasker and
you know, do some proof reading for somebody to get
a few couple of like a couple of hundred bucks
in are their tasks that you could take up? Is
(37:57):
there a cafe you could go in work in.
Speaker 3 (38:00):
Did you do tutoring?
Speaker 2 (38:01):
Aud you do shootoring? Like I feel like lots of
cafes over the holiday periods always want some more hands
on deck. And if you went in and said, hey,
I'd love to work for you for the next six
months while you're dealing with additional holiday traffic. Like that's
a money win. That's probably a good tip for people
who are listening to this on boxing day and they're like, oh,
like I don't start unied till March or something. Yeah,
(38:21):
that's a busy period for most people in HOSPO. So yeah,
I would look at that. I would obviously firstly want
to look at like your budget. Is there anything you
can delay, Like is obviously we're paying our rent, but
are there any things coming up that you're like, Oh,
I actually don't have to spend that this month. They
could put it off until I have my full time
job again. But yeah, for me, I think it would
be about budget and cash flow. How can I bring
(38:43):
in some additional cash? Okay, maybe we could look at
our raise portfolio, because in all honesty, from a pragmatic
point of view, I'd prefer you to pull out a
couple of one hundred dollars that you need from your
share portfolio then get a credit card to cover that.
I don't know how long you've been investing in rays,
I don't know what that looks like. But if it's
either on par with the market or just above the market.
It's not the end of the world. And then you
(39:04):
could create a little plan once you get back to
work to replenish that amount. But yeah, that's probably where
my brain is at. I'm just so scared of you're
getting a credit card and then falling down the credit
card like slide.
Speaker 3 (39:17):
Basically totally what everyone else say.
Speaker 2 (39:18):
Everyone else always has an opinion, and I love it.
So the first thing I asked you guys was what
would you do if you were our community member. Forty
four percent said I would be trying to reduce my expenses.
Thirty four percent, you guys, we're all on the same page,
said I'm going to look at holiday income. Twelve percent
said they'd sale shares, and ten percent said look at
loan and credit options. So I feel like that's reflective
of the conversation we had. The next question we asked
(39:42):
was what's your biggest priority with money right now? Thirty
eight percent said working on your budget and cash flow.
My money master class is a great place to start.
Twenty six percent of you said growing investments. My investing
master class is a great first sister. Nineteen percent said
avoiding an eighteen percent said generating more income. Then I
(40:04):
asked you, guys, what's your two cents? So diving straight in,
first person said, will they even be eligible for a
loan or a credit card if they're not currently working?
That's a great point. Actually, oh true, Yes and no
if you've got a signed employment contract. Usually yes as
a low bar. Yeah, not saying that is a good thing,
but there is usually a very low bar. Next person,
it is a two parter. I would make up a
(40:25):
budget and try my best to stick to it. Also
try and get some extra cash flow in, maybe with
tutoring or other casual jobs. Just keeping everything in the black.
Speaker 3 (40:33):
Yeah.
Speaker 2 (40:34):
Next person said, can a family member learn new money
interest free and then you can pay it back when
you're working? I mean, not the worst. Like if you're
in a situation where your mum can give you five
hundred bucks and you pay you back and it's very
clean and easy. I don't think that's the worst thing
in the world. No, but not everybody is in a
position where they want to do that or can do that.
Next person said, Hubby and I use a credit card
(40:55):
responsibly to manage cash flow, and it works well for us.
I agree, so do we. So does Jess, Like it's
not a bad thing. What would happen if I gave
you a credit card nowadays?
Speaker 9 (41:05):
No?
Speaker 4 (41:05):
Today, I think I'd be okay with it. Like maybe
even a year or two ago it would have blown
up out of country.
Speaker 2 (41:10):
It wouldn't be So you need to know your personality
and whether that's going to be totally totally next person said,
if she's offered permanency in twenty twenty six, she should
be receiving holiday pay union chats asap needed.
Speaker 3 (41:24):
There you go, good to know.
Speaker 2 (41:25):
Well, yes and no, so absolutely agree. But I'm pretty
sure holiday pay only works like once you're in the job. Yeah,
like your contract doesn't start until the first date. Yeah,
so maybe you get holiday pay next year for like
the twenty twenty seven holidays, but you don't get it
this year. Does that make sense? Because there's no way,
like if I took on a new staff member, logically,
(41:47):
I wouldn't be like, oh, Jess, come work for me
from you know, the start of February. I'll just start
paying you now. Yeah, that doesn't make sense to me.
But again, I'm not a teacher, so that might not
be how it works. I'm just a little bit like
call you union anyway and find out and last one
I'll give you. This person said, absolutely, don't do it,
Just go get a casual or retail or cafe job.
Credit is always a trap. Yes, yes, yes, true, all right,
(42:11):
I feel like that's a good rap on it. I
don't think we should be getting a credit card to
get through the summer season, not because it wouldn't help us,
but because I think it's a slippery slope. Fair now,
I do, and I don't want to get into this
next segment. We have set the expectation that every year
we give you a Bloopers rap, and unfortunately, you guys
blow up our DMS telling us how funny and how
(42:32):
much you'd love it and how you hope it never
goes away. So you would have heard about our producer, Emma.
But then we also have Sam, who is our audio engineer,
and Sam likes to keep track of us and maybe
just keep us a little bit humble. So every year
Sam collects little audio clips and files them away to
humble us at the end, and none of us have
(42:55):
heard this bloop is real yet because Emma Gate keeps
it until we start recording live let's just jump in.
What's Sam going to roast us about this year?
Speaker 3 (43:06):
Let's do it.
Speaker 9 (43:06):
It's been a big year as she's on the money,
and it would be remiss of me if I didn't
give you a look behind the scenes of the show.
Oh sorry, not remiss. How do you say, Victoria?
Speaker 3 (43:18):
And I think it would be a miss if me
not to mention that.
Speaker 9 (43:21):
Honestly, I feel bad if I'd let Victoria know she
was getting sayings wrong earlier in the year, we'd have
been able to nip this in the bud or but according.
Speaker 2 (43:31):
To v you need to nip that in the butt.
It's also up to management to nip.
Speaker 6 (43:34):
That in the butt.
Speaker 3 (43:35):
Now.
Speaker 9 (43:35):
This year we started full video episodes for Wednesday Deep Dives.
Why haven't we done this for the Friday A ms, Well,
it's mostly so that girls can record audio and do
other important things at the same time, like apply cutical oil.
Speaker 3 (43:50):
Has anyone ever said sorry, sorry before.
Speaker 9 (44:05):
I keep talking?
Speaker 3 (44:06):
Okay, sorry, oh sorry, okay, we were doing it on
the slot.
Speaker 9 (44:12):
I've always known Beck was the chill one of the group,
but this year she was almost as chill as a
certain turtle from finding.
Speaker 4 (44:19):
Neba totally totally, totally, totally, totally, totally, totally, totally totally.
Speaker 9 (44:25):
And while Victoria's Spotify wrapped may say otherwise, this year,
revealed that her favorite band is no doubt.
Speaker 2 (44:33):
I'm just a girl. I'm just a girl. I'm just
a girl.
Speaker 9 (44:38):
Happy holidays everyone, and have a grete twenty twenty six.
Speaker 3 (44:47):
Oh he went nice was.
Speaker 4 (44:51):
Not as bad as it could have been, Thanks Sam,
but also totally Oh my god, I need to be
so conscious of that.
Speaker 3 (44:59):
No, I love.
Speaker 6 (45:00):
What I'm getting is you're pretty perfect.
Speaker 3 (45:02):
Yeah, you know what I mean?
Speaker 2 (45:04):
How much should you face ham to get out of
the blood between me and him? I'm just a girl.
Oh well, I feel like that is a great place
to wrap this show up totally.
Speaker 3 (45:16):
It has been a.
Speaker 2 (45:17):
Beautiful year and I cannot wait to dive into twenty
twenty six with you all. We have so many exciting
things coming up with what a summer series so that
you don't miss a single thing and you get to
start on the absolute right foot, and just so much
investing content, so much budget and cash flow content, just
so many fun announcements coming in twenty twenty six. I
can't wait.
Speaker 3 (45:37):
Have you guys, ladies, Bye bye, Bye.
Speaker 7 (45:48):
Did buy shared on She's on the Money is general
in nature and does not consider your individual circumstances.
Speaker 1 (45:54):
She's on the.
Speaker 7 (45:54):
Money exists purely for educational purposes and should not be
relied upon to make an investment financial decision. If you
do choose to buy a financial product, read the PDS
TMD and obtain appropriate financial advice.
Speaker 2 (46:07):
Tailored towards your needs.
Speaker 7 (46:09):
Victoria Divine and Sheese on the Money are authorized representatives
of Money sherper P t y lt D A b.
Speaker 2 (46:15):
N three two one six four nine two seven seven
zero eight AFS L four five one two eight nine
My name is Aatasha Bamblet. I'm a proud First Nations
woman and I'm here to acknowledge country t Glenn Young, Ganya, Niana,
Kaka yah y and Binahaka Nian our gay In Mbini,
yakarum Jar Dominyamiga Umagahawaka Woman Damon Imlan Mbaban Gadabomba in
and now in wakah Ghana on yak rum Jar water Nadaa. 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. She's on the Money. Hello and
(01:08):
welcome to She's on the Money, the podcast that makes
finance fun, especially on Fridays. And my friends, it is
not just any Friday. It is Boxing Day and the
last Friday of the year. So today we're going to
be throwing a little She's on the Money end of
year party to celebrate you our incredible community and that
means we are shaking it up. We are doing things
(01:29):
a little bit differently. I'm sorry Beck in advance, but
we are skipping the broke tips and going all in
on the celebration vibes with your biggest money wins of
the year, and we're going to be helping to answer
money dilemma. That's all about which is the better option
building a home or buying one? And something new slid
into our dms about should you get a credit card
to get you through the rest of summer? And of
(01:51):
course we've got our favorite end of year tradition, which
is maybe everybody else's our bluepur real.
Speaker 3 (02:00):
I saw that, my.
Speaker 2 (02:01):
Friends, How was your Christmas? How did you celebrate? Oh?
Speaker 3 (02:05):
It was really really fun.
Speaker 4 (02:06):
I just went to my mom's house as per my
mom and my three brothers and we just play games.
We tried Trivial Pursuit, which is probably the hardest game
in the world.
Speaker 3 (02:15):
I was such a nerdy kid. I loved kids Trivial Pursuit.
Speaker 2 (02:19):
That's the same same when we play it with my
nieces and nephews now and like I still love it.
I'm like, oh, you want to play that? That's crazy?
Speaker 5 (02:26):
Yeah?
Speaker 2 (02:27):
Kick your money, You're gone down. Do they play the
kids one or the red We play the kids one still,
but we have the adults one. And another game I've
been loving recently is called articulate.
Speaker 6 (02:38):
I articulate, I articulate.
Speaker 4 (02:40):
Yeah, but yeah with I don't think I've ever gotten
a trivial pursuit question right, really just to go back
to trivial pursuit, but articulate amazing Taboo?
Speaker 3 (02:49):
Is it the one?
Speaker 2 (02:50):
I love?
Speaker 3 (02:50):
Taboo? Yes? So we just kind of do that. It
was it was really nice. It was a nice, wholesome time.
What about you, guys?
Speaker 2 (02:56):
I love it.
Speaker 1 (02:57):
I love it.
Speaker 5 (02:57):
Min is good, lots of food, friends and family. The
three f's just yeah, it's I love this time of Yeah,
it's so nice. Added by Joy. I knew we've had
some good weather which has been really lovely and just
you're like soaking it all in.
Speaker 2 (03:11):
Yeah, I love that. When you said the three f's,
I was like, oh, like, my three f's the food, fuel,
and fun. And then I was like, oh no, actually,
people are much cooler than I am.
Speaker 3 (03:20):
That's what I think when you say the three f's
to make it festive.
Speaker 2 (03:24):
Funnily enough, you started on board games, and that's what
I got for Christmas. I asked for this board game
set because I was like, oh, like, we actually just
don't have these things. Whenever friends come over, like they
might bring one. We've got like a random assortment of games.
But I wanted the classics, and I found on Amazon
that they had these like classics, but they were like
in like colored boxes that look like books.
Speaker 3 (03:44):
Oh I've seen those on TikTok.
Speaker 2 (03:46):
Yeah, so I got them for Christmas, and I'm so excited.
My house twenty twenty six board game house, gorgeous. Come over,
We're playing board games. Yes, the best house to be Yeah,
I just think that's really fun. So I was really
excited about that. And then obviously just like lots of food,
lots of family, like just hanging out like our Christmas
is a very chill. Yeah, we hosted so we didn't
have to go anywhere, and I love that.
Speaker 3 (04:08):
For me, that's so exciting.
Speaker 4 (04:09):
I do.
Speaker 2 (04:10):
All right, Well, let's move on, because this is the
part of the show where I would normally share a
five star review, but because it's the end of the year,
I wanted. I guess she's on the money, rapped and
I've pulled together some stats for you guys, So move
over Spotify, We've got this. She's on the Money rapped.
Speaker 6 (04:28):
Oh I love that cool.
Speaker 2 (04:29):
So first I feel like this is me blowing our
own trumpet and like, really loud, are you ready? Because
of all of you, our community, I love you. She's
on the Money was the number one Australian business and
finance podcast again this year.
Speaker 3 (04:44):
Oh oh yeah, isn't that crazy? We're just girls. Wow,
we just got a mind.
Speaker 2 (04:49):
Blowing you guys downloaded our podcast sit Down six million,
one hundred and eighty four thousand, one hundred and fifty
eight times.
Speaker 3 (04:56):
Oh my god, I can't even comprehend that. That's insane.
Speaker 2 (05:00):
No, and get this, you guys listened to seventy five million,
five hundred and forty three thousand, two hundred and forty
minutes of She's on the Money in the last twelve months.
Speaker 3 (05:13):
That's I don't have the words.
Speaker 2 (05:16):
How is that seventy five and a half million.
Speaker 3 (05:19):
That's crazy? Go wow, oh my god, that's literally that's incredible.
I wont how many times they heard the word slay.
Speaker 2 (05:26):
Yeah, that's the seventy million.
Speaker 3 (05:30):
Yeah yeah.
Speaker 2 (05:31):
And also just the idea that that many people have
had us in their ears for that long wild which
I've done the maths equates to fifty two thousand, four
hundred and sixty one days of putting future you first.
Speaker 6 (05:45):
Whoh oh, my god, Dad.
Speaker 2 (05:50):
And now I've got a guessing game for you because
I've done the stats again. Ye, guys, how many years
does that equate to?
Speaker 3 (05:56):
I was just thinking my brain, I wonder how many
years that is? Wait, what was the numbering?
Speaker 2 (05:59):
Okay, so it was fifty two, four hundred and sixty
one days of putting future you first, three hundred and
sixty five days in a year, except every four years.
I'm going to sleeky take that into consideration.
Speaker 6 (06:13):
You actually.
Speaker 3 (06:15):
Ten oh wait ten ten?
Speaker 6 (06:18):
It's so dumb, girl.
Speaker 2 (06:20):
What No, that's why you're on as like content and
I'm on as math's girl.
Speaker 3 (06:24):
I say, like one hundred and sixty Oh, she's good.
Speaker 4 (06:30):
I'm going to say one hundred and seventy six.
Speaker 2 (06:33):
Okay, it's one hundred and forty three seven years, So
like you, you're pretty close. Like those are pretty good guesses. Wow,
very impressed over a century of us.
Speaker 3 (06:44):
Oh my god, I'm.
Speaker 2 (06:45):
Lucky, unlucky for the people who have consumed that much.
I mean, you're probably in a better financial position, which
is exactly what we wanted. That's it, and sorry Spotify
for taking your wrapped But I will give you a
little bit of a shout out because Spotify also gave
us some awards In twenty five. We won the Marathon
(07:05):
Show Award, which means our fans listen to us ninety
nine percent more than other shows. Whoa guys like we
got a most talked About show, which means we get
ninety nine percent more comments than other shows.
Speaker 3 (07:20):
And I love reading those. I read them every week.
Speaker 2 (07:23):
It's like it's like we're in our dms, but getting
our dms like scar.
Speaker 3 (07:27):
They want to Yeah, they're all fun and nice.
Speaker 2 (07:29):
They're fun and nice, and when people aren't nice, I'm.
Speaker 3 (07:32):
Like, well, why are you here?
Speaker 6 (07:33):
Like, yeah, that's fair.
Speaker 2 (07:34):
I will give you a refund on everything you've paid
to listen to this podcast, totally off you trot.
Speaker 3 (07:39):
And then get this.
Speaker 2 (07:41):
We won an award for being one of the most
shared shows, so we were shared ninety nine percent more
than other shows.
Speaker 5 (07:51):
That makes my heart really happy because it makes me
think that you guys are listening and going, Wow, I
think this episode would really help somebody that I know.
Speaker 3 (07:57):
And yeah, that's.
Speaker 2 (07:59):
Incredible and we're so lucky because those are stats that
we can't get ourselves obviously, Like that's internal stuff from Spotify.
Like we can't compare ourselves to other podcasts because we
don't get access to their data and analytics. So it's
really special to like get that insight because I can
get the data of how many downloads we get, But like,
where does that put us on the grand scale of things?
(08:20):
Like wild to think that you guys Binge listen to
us so often, and I just think that.
Speaker 3 (08:25):
I just am so lucky.
Speaker 6 (08:26):
That is so cool.
Speaker 2 (08:28):
Also, I've got some more Spotified rapped stuff because as
a podcaster, I get this cool log in to Spotify
that gives me my own podcasts rapped.
Speaker 3 (08:38):
We love a little bit of data. You're ready.
Speaker 2 (08:39):
Absolutely, I don't think you're going to be surprised here.
I'll give you one guess which music artist did our
community listen to the.
Speaker 6 (08:45):
Most ten Swift?
Speaker 2 (08:46):
Surely yeah it was Taylor Swift. And this is not
going to come as a surprise. But I also think
that if you go, oh, well, if they're listening to
she's on the money they're listening to. She's on the
money books. That is not true. The answer is not me.
But what was our community's most listened to audio.
Speaker 4 (09:02):
Books Elizabeth Gilbert Love Eat Eat Pray, Eat Preyer Eat
Pray Love.
Speaker 3 (09:09):
It wasn't Can I say akata. I'm just manifesting that
it's my girlies.
Speaker 2 (09:13):
No, it's not like that's probably up there, but like,
these are my girlies, the self help girlies. Do you
want another guess because it's like it's a self help
ish book.
Speaker 3 (09:22):
Oh, easy, easy way with Ellen Carr.
Speaker 6 (09:25):
What is that Let's stop vaping book?
Speaker 2 (09:28):
Oh, the stop vaping book. Understand it's not on the list,
but that's a good recommendation.
Speaker 3 (09:34):
Thought going to give you a bathfoot investor, But I
don't want to say that.
Speaker 2 (09:37):
I mean, you don't have to say barefoot investor because
it's let them. So it's the let them theory by
mel Robins stands.
Speaker 3 (09:44):
Actually yep.
Speaker 2 (09:45):
And also just to throw it out there, guys, she
is coming to tour Australia next year. She is and
my producer Emma and I, or our producer Emma and
I have been crafting little pri emails to get her
on the show. Because I just think, what an epic
opportunity to have her sit down to let them theory
and money. Oh, it would be so juicy, and I
(10:07):
feel like this is just a really good time for
me to be like, if you have a connection, if
you want to slide into her DMS, if you want
to hear her on She's on the Money, you could
just let her know.
Speaker 3 (10:15):
Yeah, yeah, you could just let her know.
Speaker 2 (10:17):
So if you would want to hear mel Robbins on
the show while she is here in twenty twenty six, I.
Speaker 3 (10:23):
Don't know, help a girl out.
Speaker 2 (10:25):
I just feel like that would be good content.
Speaker 3 (10:27):
I couldn't agree more. And I'd love to meet her.
Speaker 2 (10:29):
Oh my god, yes, sex this is very self indulgent
at the same time as in my head being really
good content. Anyway, moving on, what do you think how
most popular episodes were?
Speaker 3 (10:39):
Great?
Speaker 6 (10:40):
I'm thinking like investing for Kids.
Speaker 3 (10:42):
Oh my gosh.
Speaker 2 (10:43):
Yeah, really, well, not for kids, but investing for beginners.
Oh yes, so number one episode was investing for Beginners,
stop dreaming and start doing. In twenty twenty five, Gray
or Sick, Yeah, great, number two Number two Rich Girl
mindset of how to get it?
Speaker 3 (10:58):
Yeah, we all want to be rich.
Speaker 2 (11:00):
And then number three.
Speaker 3 (11:02):
I want to say the first episode maybe not for
the most out, but it wasn't people listen every year.
Speaker 2 (11:08):
It wasn't.
Speaker 6 (11:09):
Was it any drink, No, it wasn't.
Speaker 2 (11:11):
This is going to stroke a team member's ego though,
Oh it's not us. Yeah, books investing diary. Yeah, so
Brooks investing Diary. How this she's on the money team member,
built her portfolio and can retire by the age of
thirty five.
Speaker 3 (11:25):
It was a goody. It was a goodie.
Speaker 2 (11:27):
And then I feel like the video clips went really
viral and like it is quite crazy to think that
someone so young is building a portfolio to be able
to retire it thirty five. You go, how does that work?
And she's like, we'll sit down, I'll show you exactly
what I'm doing.
Speaker 3 (11:40):
Yeah, totally.
Speaker 2 (11:41):
Yeah. It just got so many good reviews, good content.
So yeah, we'll do more of that in twenty twenty six.
We do blogs every week. I know that not everybody
knows that we post blogs, but I love writing. I
don't know if you guys know. I have a whole
column in The Age and City Morning Herald, and they
let me rant every week. They give me a thousand
words to just spend and I can tell people my
(12:04):
thoughts and feelings. I see that we also do that internally.
So we have a blog, our most popular blog posts
on our website, and I actually have carved out the
Christmas Gift Guide because that was obviously the most of course,
because I feel like everyone's like, oh my goodness, I
need this. But our most popular blogs coming in at
number one three mortgage hacks that could save you thousands
(12:27):
without you giving up your daily oat latte. I felt
that was a very important.
Speaker 3 (12:31):
Very brand us yep.
Speaker 2 (12:33):
Number two was asking for a friend. How much does
everyone really have in super Friends the fun? Yeah, but
we also use our community data, so we always dive
into well, this is how much our community has. And
number three was the best high interest savings accounts in
Australia right now. Yes, with all of the hoops, explained
(12:53):
that that was.
Speaker 3 (12:55):
Just no Jess's read it.
Speaker 2 (12:57):
We greing back and forth like that blog was like
I would say, a team effort, because not only did
we have to like write a blog, but we had
to do the research. We had to do this whole
damn spreadsheet. I just I was like, I'm not having
people coming back to me and go Victoria, Are they
just like the best high interest savings accounts you can
find on Google?
Speaker 7 (13:15):
No?
Speaker 4 (13:15):
No, like asked Jess, the spreadsheet was extensive. I'm just
more impressive. You guys, remember, because you do them all
the time.
Speaker 2 (13:24):
I would be like, I think it was trauma.
Speaker 5 (13:26):
Certain things just stick in your mind. You associate with
them with something. I'm glad that that one did well.
Speaker 2 (13:32):
Not like none of those were sponsored. They were blogs
that we were like, let's do the best high interest
savings accounts in Australia right now. And it was really
fun because we'd come up with like new banks or
like find other things. And then unfortunately I make the
team read the pds. I'm like, you can't just like
look at their website marketing. That's where the trauma I
think comes for Jess and George and Brook consider. Anyway,
(13:55):
I'm going to make sure that all of those are
linked in the show notes for you. So if you
missed them, and you'll but they were the top ones,
you're not going to chase them for very long. Now,
let's move into the money wins of the year and
the things our community are most proud of. So we
asked our community what their biggest money wins of twenty
twenty five were and what they were most proud of,
(14:15):
But before we share them, I wanted to ask the
same thing for our question of the week, so I'm
not giving that to the community. What are you most
proud of in twenty twenty five, Jessica Rici.
Speaker 3 (14:25):
I don't think anyone's going to be surprised at all.
I'm proud that I'm building a house.
Speaker 2 (14:30):
Yeah, ex she earns it woo. You know, it's a
feeling that wasn't meant to be condescending, I promised, but
like that is so slay.
Speaker 3 (14:37):
Yeah, I could not be more thrilled to be in debt.
That's been a long time coming.
Speaker 5 (14:41):
As everybody knows, it's been quite the journey, and I'm
just really happy that the process is going and I'm
so excited about the fact that I'm building what will
be your home.
Speaker 2 (14:51):
That's crazy, that's so exciting, and I just love that.
I know you wanted to buy something pre established, but
now we're going through I say weep because I feel
like I get to join. We're going through the process
of like just picking out all of her like designs
and like the tiles in the bathroom and the kitchen,
and I'm just like, this is going to be the
most Jess house ever.
Speaker 3 (15:09):
There's going to be lots of pink.
Speaker 2 (15:10):
There's so much pink, so much peach, there's so much pink.
I'm just so excited about it.
Speaker 3 (15:16):
I couldn't fear. I'm over the moon.
Speaker 5 (15:18):
Honestly, anytime I think about it, I just like, right now,
if you get through there, I'm like beating I just yeah,
it's so exciting.
Speaker 2 (15:22):
It's so so nice.
Speaker 6 (15:23):
Yes, and so so cute.
Speaker 2 (15:25):
Misspects sayed, what are you most proud of?
Speaker 4 (15:27):
Honestly, I was going to say, there's no like moment
that sticks out for me, but I think that I
am genuinely proud of the fact that I do live
paycheck to paycheck, but somehow I've managed to keep my
share house alive. I've managed to do all the things
I need to do and staying happy and staying free.
So I am just really proud that I'm not rich,
but I'm really making it, and I'm I'm very happy
(15:50):
about that.
Speaker 2 (15:50):
Maybe twenty twenty six will be the year that Beck
finally lets me do her cash flow system and then
implements it.
Speaker 3 (15:58):
That's the hard part.
Speaker 6 (15:59):
It's the hard part, that's the harbor.
Speaker 2 (16:01):
You're an investor, You've been an investor for more than
twelve months now, and I just feel like that level
of security probably really helps as well. Absolutely, what are
you most proud of this? Yeh? I wish I could
be like, Oh, I had this big thing that I did.
I think it's just the community. I feel like our
community has come together more this year than ever before.
I feel like we are lifting each other up. And
(16:23):
it sounds so fluffy, but when I was thinking about it,
I was like, it's literally just that vibe of like
the community coming together. And I think because we've been
around for so long, I'm now seeing more stories come
out where they're really big, big wins. So like, I'll
get messages now every week of people not just going
thanks so much. You helped me with my budget and
(16:44):
cash flow, which you know in year one we definitely got.
But people are changing their entire lives or have changed
their lives, or they're graduating a unique course they didn't
think that they could have done without us hyping them up.
Or they've bought their first home and they started in
debt and it's taken five years, but they're still on
the journey with us, and it's just so special to
know that our community are so successful. Like that's really
(17:07):
really cool. I think from a like a personal perspective,
my husband and I bought our I don't know, our
forever home this year, which was like the biggest thing ever.
And I've you know, I don't want to talk about
it heaps and heaps because I know that we're in
a very privileged position, but I also just go, this
house to me was something that I could never have comprehended.
(17:29):
Like I did not think that that was ever going
to be our reality. And I have worked really hard,
and like I don't want to downplay it, like that's
where it came from. It came from hard work, It
came from you know, all of the tears, all of
the sacrifice, all of the everything. But like, what do
you mean I got to purchase my dream home, So
that for us is really cool and just the idea
that you know, this is the home that Harvey's going
(17:50):
to grow up in. I just go, what, like, this
is the home I'll bring other children home to?
Speaker 3 (17:55):
What Like that's so cool?
Speaker 2 (17:57):
That's just cool for me, and I think that stability
is something I've always wanted to achieve for my children.
So yeah, bit fluffy, but also like a guess community,
and I bought a cool house for everybody. I say,
oh god, absolutely, cheese. You have gone through and done
a fair bit of work to pull out what we
think are some pretty big annual money wins.
Speaker 3 (18:21):
What have you got alrighty?
Speaker 5 (18:22):
Firstly, I've got one from Georgia, who said she started
the yart with twenty five thousand dollars down from forty
nine left to pay on her consumer debt. She's now
sixteen k in the green, including a five thousand dollar
emergency fund, and completely debt free.
Speaker 3 (18:38):
Oh my gosh. She said her credit score is the
best it's been in five years.
Speaker 6 (18:41):
Amazing.
Speaker 3 (18:42):
How incredible is that?
Speaker 2 (18:43):
That's so much money? That's so much my sorry sorry sorry,
So she started that she's doing more than one thousand
dollars a month to smash that out yep, and build
her Now that's more than two and a half grand
a month.
Speaker 3 (18:55):
Yeah, wild Georgia.
Speaker 5 (18:58):
Next, Rihanna said her biggest money win of twenty twenty
five was getting a promotion at work through self advocacy,
building her personal brand, networking with colleagues, and putting herself
in situations outside of her comfort zone. She said she
knows that she will continue to capitalize on these skills
into the future as well.
Speaker 3 (19:14):
Good on you.
Speaker 5 (19:15):
Then I've got one from Zoe Marie, who said she
refinanced her home loan at the twelve month mark to
her everyday bank so she could maximize the offsets, paired
with a few interest cuts that we've obviously had, and
now she's technically paying over one thousand dollars less per month,
but they're still paying additional funds to try and bring.
Speaker 3 (19:32):
The term of the loan down. Gotcha.
Speaker 6 (19:34):
I love that.
Speaker 5 (19:35):
So that's great, very clever queen, paying the same amount,
paying it down faster. Much incredible work. Next, Sarah said
her biggest money win was double checking her income tax
and super by doing her due diligence and reading up
on policies and pay scales, plus a few confident discussions,
meant she received thousands in what she was owed and
that had been mistakenly missed on payroll and may have never.
Speaker 3 (19:56):
Been picked up on.
Speaker 2 (19:56):
Oh my god, wow, that's so good.
Speaker 5 (19:58):
Always cross checked, totally that's the dream, genuinely. Next, Katrina
said that she has paid off her mortgage in twenty twenty.
Speaker 2 (20:05):
Sorry the whole mortgage.
Speaker 3 (20:07):
The whole mortgage cool.
Speaker 5 (20:09):
She says, we changed the way we divided our money
into our accounts and it has changed our life. I
learned that prioritizing paying off the mortgage is exhausting, So
make sure you.
Speaker 3 (20:17):
Reward yourself occasionally. Yeah, it would be you think is
a really great tip.
Speaker 2 (20:21):
Totally.
Speaker 5 (20:21):
Next, Sarah said using little ty cards throughout the year
and saving them up for hard times. She's been living
on them for a month and it's been hard as
she's moving into a new house, and it's meant she
can save where she can adore pass you set up
future you incredible work. And then lastly, I'm going to
do one this year from Talia, who said she graduated
university set herself a long term money goal because she
(20:43):
wants to have investments equal to her HEX balance before
she starts a family and has to take parental leave.
She said it took seven years, but with the twenty
percent cut applied and her most recent small chunk invested,
her portfolio balance is now greater than her HEX balance.
She said, what's more exciting than that my little one
is due in eight weeks? Spertulations, Tarlia, that's amazing.
Speaker 1 (21:07):
Stop it.
Speaker 2 (21:07):
I absolutely love that. Ah. I love our community so
much it makes me want to scream, Like I just
I'm so ridiculously proud of everyone in there. It doesn't
matter if you you know, we're just looking at cutting
down your after pay or you paid off your mortgage like,
I don't care. I'm equally excited about all of those.
Speaker 3 (21:23):
Yes, you guys are incredible.
Speaker 2 (21:25):
All right, let's go to a really quick break and
on the flip side, we are diving even deeper. We
are going to be talking about which is a better option.
Are we going to be building a home or are
we buying one? And something we slid into our dms
about should I be getting a credit card to be
getting through the rest of this summer?
Speaker 1 (21:41):
Mm?
Speaker 5 (21:41):
Spoiler, I wonder what Victoria thinks. Anyway, Let's go to
a break. Welcome back, everybody. Let's take a listen to
this week's money dilemma.
Speaker 7 (21:54):
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, career and
life questions. To get involved, simply head to our website
and leave us a short voice recording and you might
just find yourself on the show.
Speaker 2 (22:12):
Now, let's take a listen to this week's money Dilemma.
Speaker 3 (22:17):
Hello, SotM Squad, Happy Friday.
Speaker 8 (22:20):
I'm in the middle of listening to twenty of the episodes, actually,
but I have a dilemma or a question, so to speak,
about building versus buying. This year, me and my partner
bought our first house, a townhouse, and we are well
and truly on the way of looking what the next
house looks like for our family home. And I work
at a bank in the construction lending sector, and right
(22:41):
now it's proving true that building is going to be
a lot cheaper than it is buying, and that might
change obviously in the next like one to five years.
But I'm curious to know what your thoughts are on
buying versus building. Thank you well.
Speaker 5 (22:57):
I had this exact situation this year myself, so I
feel you tell me kind of qualified. I had a
very similar situation to our listener in that I was
just finding that everything that was established was so expensive
to the point where prices were being pushed up beyond
what I felt was reasonable for them, like you would
be overpaying in my opinion. Now I'm obviously going through
(23:20):
the building process. I'm still in very early days, but
I think it's been a fantastic decision for me. I
think the really fun thing, especially if you're someone who's particular,
is when you build, like all of that control sits
with you, so you get to pick, as Victoria was
saying earlier, like all of your tiles, your wall color,
like all these different fun things. And I think that
(23:40):
that is a really exciting thing to me, Like it's
something that I've really enjoyed. It has been a bit
of an arduous process, but it's been really fun. The
other thing is, and I guess because you guys already
have your property, it's probably not as applicable to use
it was to me.
Speaker 3 (23:55):
But building a.
Speaker 5 (23:55):
Home meant that I was able to take advantage of
a lot of grants and schemes that I wouldn't have
qualified for had I purchased established. So, like the first
home owners grant the stamp duty exemption because of the
cost of buying established homes, I would have capped out
on that, whereas if you're buying land and then building
a home on it, the assessment is done on the
(24:17):
value of the land at the time that you purchase it,
which is often like half ish of your total cost,
And so like that saved me. I believe, like thirty
plus thousand dollars is stamp duty. I'm with your Victoria
because she knows the numbers.
Speaker 2 (24:31):
I'm yeah, I went through her numbers. Yep, everything she
has said so far. Yes, yeah, there were huge things
to me.
Speaker 5 (24:38):
Obviously for you that might not be the case because
you've already bought a home. But I think I'm a
big fan of the process of building. Heaps of people
said to me over the years, Oh, I wouldn't build
your first home, and now that I'm doing it, I
don't really understand why they said that, Like maybe.
Speaker 2 (24:52):
A building not to be rude. Yeah, it's like when
people are like, how hard could parenting be? True when
they're not parents, and I go, you sit down, you
just wait. People say things like, oh my god, I
would never let my kid. No, sorry, you can't say
you can't take a Yeah, like, don't get me wrong.
You might have a very smooth process and I'm manifesting
that very hard. But yeah, yeah, sorry to cut you off.
Speaker 3 (25:18):
Tell me your thoughts.
Speaker 2 (25:19):
Okay, So when it comes to building versus buying on paper,
building is going to look cheaper, that doesn't mean it is.
I think we need to look at the season and
of our lives. And you know, to flip this, we
didn't build, but my husband and I purchased our first
home with the intention of significantly renovating it, and we
did and we sold it and like it all came
(25:41):
out in the wash. When I say it all came
out in the wash, it was a chaotic process, like Jess,
you remember my chaos period. And I can't tell you
if that was all the builder's fault. Terrible builder, by
the way, sorry, not builder, terrible project manager. The builder
was delightful, terrible project manager. It wasn't me, by the way.
I didn't like if I had, it would have been
(26:02):
just as bad. Anyway. That process meant that we thought
we would have ended up walking away with a bigger
profit on the house when we sold it, and that's
just not the reality of the situation. Absolutely fine, because
that's not what you're checking in with my husband, and
I decided that building wasn't for us because it really
depends on where you're building what you're looking at, Like
Jess is building in an area that has a lot
(26:23):
of construction already, and you're.
Speaker 3 (26:24):
Going to go in availability.
Speaker 2 (26:26):
Yeah, you're going to go with a house on land package.
So for me to build any area that I would
have wanted to build in, it would have meant there's
no empty blocks of land. It would have meant a
buy a house, demo a house, rebuild a house, which
is going to have a lot more costs associated with it,
not just because of demolition, but because it's out of
the area that most of the builders are working in.
(26:48):
So Jess is going to get more preferable rates because
they're also building three houses down the street that have
very similar fittings and fixtures and they can kind of
keep things on a similar timeframe. There's a lot to it.
It also depends if you've entered into a fixed rate
building contract versus a not fixed rate building contract. And
as we're probably I don't know if you guys are watching,
but like mining is getting more expensive, minerals are getting
(27:10):
more expensive, iron ore is getting more expensive, and for this,
it means that lots of people's budgets are being blown
because they're like, oh, well, you know, these these floorboards
were fifty dollars a square meter, they're now sixty dollars
a square meter, and you think ten bucks here and there,
what's the difference. But this stuff adds up. And then
it's also the delays. So Jess is in a perfect
(27:32):
position from my perspective. She's got a rental property that
she can live in. You could go month to month
if they kept pushing it out and make it work
for you. But there's a lot of people who will
build and then go home moving with mum and dad
for the six months they say it takes, then it
takes twelve, or they have to keep renting and paying
the mortgage on the land. Look, there's just a lot
(27:52):
to go through. So I don't think that there is
a right or a wrong. But I think it's about
deep diving because like, I wouldn't do it in my area,
but I did the numbers for Jests and I was like, yes,
dive in Like that sounds fantastic, Like you know, she'd
already done the research before she even bought the house
on the type of builder she'd use, how much the
type of house she would want to purchase would cost,
what the upgrades would look like, what upgrades she could afford,
(28:14):
versus not like just went deep. That's what I want
you to do if you're going to be doing that,
whereas I went deep on mine, and I was just like,
my goodness, Like this is crazy.
Speaker 8 (28:25):
You know.
Speaker 2 (28:26):
I don't want to scare people, but like I have
a neighbor down the road for me who did the
knockdown rebuild. Their house is going to be beautiful. They're
already fifty percent over budget.
Speaker 3 (28:35):
That's crazy.
Speaker 2 (28:37):
And like once you get there, what do you do?
Just stop building the house? Yeah, you see, So you
have to make sure that you know what you're up
against when it comes to building, Like, yes, you might
save on stamp duty, but like, what does the timeframe
look like? And I feel like yours is very predictable, Jess, Yeah,
because of the style of house, the location, et cetera.
Speaker 3 (28:58):
Build her and stuff too.
Speaker 2 (28:59):
Exactly exactly, Whereas if we had done it, we could
have gone through a volume builder. But because it's so
out of the way of every other house they're building,
we would be the ones that would be left lagging
while they prioritize getting a bulk lot done.
Speaker 5 (29:11):
Yeah. The other thing I would say, sorry, you remind
me of something very good. I so about this in
a YouTube view. The costs that you look at for
houses online are so not even remotely close to the
final costion there.
Speaker 2 (29:21):
It's crazy. They'll give you the budget version.
Speaker 5 (29:23):
Yeah, and it's like you have to factor in upgrades,
site costs, which will vary depending on where your land is,
the cost putting appliances, driveway, your driving's.
Speaker 3 (29:31):
Not included, fend, things not included. There are lots of
things like that.
Speaker 5 (29:34):
That you need to factor in that will be on
top of whatever those listed prices are online.
Speaker 2 (29:39):
So you go, great, that's the house, and they're like, yeah,
the shell of the house.
Speaker 6 (29:42):
Huh, yeah, that's so mean.
Speaker 3 (29:44):
Yeah it is.
Speaker 2 (29:45):
But then there's just such variance between what you do.
Like Jess will go in right, so she's picked her
like shell of her house. And now we're going in
and we're looking at the kitchen. Do you want marble
bench tops? I do need it, yes, but like some
people would not want that out. Yeah, that's going to
cost you between ten and thirty thousand dollars yep, and
that's another cost to be added. Great, what types of
(30:06):
appliances are you putting in? Are you just putting in
the most basic or are you like, no, massive cook,
I want the fanciest European appliances. Well that's going to
change the price point again, and these changes around the
house are going to add up. Yeah, the type of
tile you pick one could be the most basic tile
dollar per tile money win.
Speaker 3 (30:27):
Yep.
Speaker 2 (30:28):
You could be like, oh, I really like these Italian
blue ones.
Speaker 6 (30:30):
They work really well.
Speaker 2 (30:32):
Great, that's actually seventeen dollars a tile, and that adds up.
So it's not that they're trying to screw you over,
but they can't give you an accurate representation of what
your dreamhouse is going to look like because they're not
trying to mess you around. They're like, the base costs this,
and then your kitchen could cost like we could probably
build one for ten grand money win. Or did you
(30:53):
want all of the luxury inclusions because that's a fifty
thousand dollar kitchen totally? Well that's one hundred thousand dollar kitch,
you know what I mean? So is that fair to
just give it a one price. I see, Yeah, yeah
that makes sense. What would you do build a bye?
Speaker 1 (31:08):
God?
Speaker 4 (31:08):
I just am so it's not my world, it's not
my wheelhouse. But I think that I wouldn't have the
patience to build. I feel like I would be so
excited to be purchasing that I would want it to
be already existing. But there is something really nice about
knowing that you're walking into a home that you've bought,
and you, other than the builders, are the.
Speaker 6 (31:30):
Only ones to touch the service lived there. You're the
only one to live in that house. Ever. You know,
there would be something really special about that.
Speaker 2 (31:39):
Do you care about that? Are you excited about that?
Speaker 5 (31:41):
I mean yeah, like I guess it's something nice, like well,
no one had sex on my kitchen counter. Yeah, I
think there's something in it all being do you house
sit up?
Speaker 2 (31:53):
Beck and I are interested.
Speaker 3 (31:57):
It's because you want to.
Speaker 2 (31:59):
We were just we're just interested in the opportunity.
Speaker 3 (32:03):
Yeah, that sounds which was coming on to me, But
I'm open to it. That's so fine.
Speaker 2 (32:08):
You know what I would if I could, but I can't.
Speaker 6 (32:09):
So I'm so glad to eilat year I'm married.
Speaker 3 (32:12):
Maybe it could have worked. It's a real shame. But
if you could keep your kitchen.
Speaker 2 (32:20):
Counterclanus fantastic, that would be fantastic. I just didn't care
about that as someone who's always like lived in rentals
and bought secondhand cars like I.
Speaker 3 (32:31):
Just that's a great point. Like all my couches.
Speaker 2 (32:35):
Yeah, I've got this brand new kitchen. No one has
had sex on my kitchen bench. The couch, though, I
don't know what those stains are.
Speaker 3 (32:42):
Look, I'm in the market as a couch is okay?
Speaker 2 (32:46):
Oh god, all right, let's move on. I feel like
that has probably wrapped that up. Would you like to
get into the DM.
Speaker 3 (32:52):
That we got? Absolutely yes, please?
Speaker 7 (32:54):
All right.
Speaker 2 (32:54):
So I think this is a really timely one, which
is why I picked it. So someone slipped into my
DMS this week and said, Hi, she's on the I
have a dilemma that I'd love to get some opinions
on context. In term four, I took a nine week
opportunity as a teacher's aid in a town twenty hours
from where I'm from. As a temporary position, I won't
receive holiday pay over the next six weeks, but I
will have permanency there In twenty twenty six, however, I'm
(33:18):
concerned about finances over the six week holidays that are
coming up. I've left with five thousand dollars in my
bank account and four and a half thousand dollars in
my raised shares. At the moment, I don't have any debt,
just twenty seven hundred and sixty five dollars of total
rent to pay for the next six weeks before I
return to start my new job. I'll also have a
few big expenses over the holidays. The big question here
(33:40):
is should I apply for a personal loan or a
credit card to get me through this period or is
it wise to withdraw some of my money from shares?
Speaker 8 (33:48):
Oh?
Speaker 4 (33:51):
I mean, maybe it's because I am kind of savvy
with my money now, because I'm perpetually broke.
Speaker 6 (34:00):
And sorry, you're.
Speaker 2 (34:01):
Definitely getting better. I don't think you're broke.
Speaker 3 (34:04):
I'm going to video you.
Speaker 2 (34:05):
You're not allowed to call yourself broke when you have
a shared portfolio. Yeah true, actually legal, Yeah that's true.
Speaker 6 (34:10):
That's a really good point. That's crazy.
Speaker 2 (34:11):
But I'm taking your identity away from you. I'm so sorry.
Speaker 3 (34:14):
That's so fun.
Speaker 4 (34:14):
I think that I would just be picking up and
I know that it sounds like they're quite busy, but
I would be picking up.
Speaker 2 (34:19):
Like odd jobs here and there.
Speaker 6 (34:21):
It's a really tricky one.
Speaker 4 (34:23):
I don't think you should go into debt because it
could get out of control really quickly, like a wildfire,
you know.
Speaker 3 (34:30):
So don't risk it.
Speaker 6 (34:31):
Don't risk it.
Speaker 4 (34:32):
I'd be trying to find odd jobs here and there
before dipping into your shares.
Speaker 3 (34:39):
I mean, six weeks is a long time to not
be working. I think that I'm with you.
Speaker 5 (34:43):
I'm team like, pick up some extra work, if you
can do some doornatshit do whatever to me? You say, like,
what I have heard is rough a little bit over
half of your income or money that you have, half
of your five thousand dollars needs to go to rent.
In my mind, for myself, two thousand dollars to last
six weeks would be enough to cover food, et cetera.
(35:04):
I don't know about your bills and stuff, and I
don't know about those large expenses that you alluded to.
Speaker 3 (35:08):
Yes, so if the combination of those things is going to.
Speaker 5 (35:10):
Chew through all of that five thousand dollars, I would
be saying that, yeah, you do need to look at
an alternative option to give yourself a bit of safety,
whether that is picking up our jobs. That would be
my personal preference for you and for myself too. Honestly,
if you had to get a credit card, and I'm
not against credit cards, I have one for the points
I think, I would just say, be smart about it,
(35:32):
so I would save signing up for the credit card
until the last possible minute, so that you can align
your repayment with when your first payment from you when
your job will because I assume at most your first
payment would be every four weeks, but I believe for
teachers he today it's more often fortnightly. So if that's
(35:53):
the case, I would say, maybe like a week or
two before you go back to school, when you arguably
probably are quite skin get a credit card. Do not
spend more on that credit card. Then you will be
able to pay off with that first pay cycle, and
make sure that you do so so you're not paying
any interest.
Speaker 3 (36:10):
Is it an ideal situation?
Speaker 6 (36:11):
Obviously not.
Speaker 5 (36:12):
It really comes down to are you responsible enough to
have a credit card? All those sorts of things exactly
We're saying, if you're going to spend and get into
like a bad cycle, wouldn't recommend Definitely my preference would
be just pick up the extra work to get you through,
because six weeks is a long time to not be working.
But if you absolutely had to, I don't want you
to not have any money available to you at all.
Speaker 3 (36:31):
That's my thought totally.
Speaker 2 (36:33):
I agree and don't agree. I would be like saving
the credit card as a last resort, like just because
I feel like that's a fantastic way of dealing with it. Jesse,
It genuinely is. But that's how so many people get
their first credit cards and then get themselves into deck
because they go, this will just get me through this period,
and then after this period, I'm just not going to
(36:53):
use it again. But then next month happens and you
really want to go to someone's birthday, or the month
after that happens and you're like, far out, I've got
unexpected rediro cost. I'll just chuck it on my credit
card and deal with it later. And that's how debt
starts to snowball, and you start to get more and
more comfortable using your card and you don't think about it,
Like nobody gets a credit card with the intention of
going into significant debt. I don't think I've ever met
(37:14):
someone who's been in significant credit card debt and I've said, well,
you know, why did you first get a credit card?
Talk me through that, and they go, well, V I
just had all this expensive luxury stuff I couldn't afforded,
and I just thought, yeah, I just thought i'd get
a credit card and I could have that stuff. It's
always a story like that, where oh, yeah, I had
these six weeks and that's the tipping point. So I
(37:36):
feel like it's a very slippery slope, which is why
I would avoid it at all costs. Not saying it's
the end of the world to do that, but I
just want a caveat there. For me, it would be
what you suggested as well. What could you do in
those six weeks? Could you jump on air tasker and
you know, do some proof reading for somebody to get
a few couple of like a couple of hundred bucks
in are their tasks that you could take up? Is
(37:57):
there a cafe you could go in work in.
Speaker 3 (38:00):
Did you do tutoring?
Speaker 2 (38:01):
Aud you do shootoring? Like I feel like lots of
cafes over the holiday periods always want some more hands
on deck. And if you went in and said, hey,
I'd love to work for you for the next six
months while you're dealing with additional holiday traffic. Like that's
a money win. That's probably a good tip for people
who are listening to this on boxing day and they're like, oh,
like I don't start unied till March or something. Yeah,
(38:21):
that's a busy period for most people in HOSPO. So yeah,
I would look at that. I would obviously firstly want
to look at like your budget. Is there anything you
can delay, Like is obviously we're paying our rent, but
are there any things coming up that you're like, Oh,
I actually don't have to spend that this month. They
could put it off until I have my full time
job again. But yeah, for me, I think it would
be about budget and cash flow. How can I bring
(38:43):
in some additional cash? Okay, maybe we could look at
our raise portfolio, because in all honesty, from a pragmatic
point of view, I'd prefer you to pull out a
couple of one hundred dollars that you need from your
share portfolio then get a credit card to cover that.
I don't know how long you've been investing in rays,
I don't know what that looks like. But if it's
either on par with the market or just above the market.
It's not the end of the world. And then you
(39:04):
could create a little plan once you get back to
work to replenish that amount. But yeah, that's probably where
my brain is at. I'm just so scared of you're
getting a credit card and then falling down the credit
card like slide.
Speaker 3 (39:17):
Basically totally what everyone else say.
Speaker 2 (39:18):
Everyone else always has an opinion, and I love it.
So the first thing I asked you guys was what
would you do if you were our community member. Forty
four percent said I would be trying to reduce my expenses.
Thirty four percent, you guys, we're all on the same page,
said I'm going to look at holiday income. Twelve percent
said they'd sale shares, and ten percent said look at
loan and credit options. So I feel like that's reflective
of the conversation we had. The next question we asked
(39:42):
was what's your biggest priority with money right now? Thirty
eight percent said working on your budget and cash flow.
My money master class is a great place to start.
Twenty six percent of you said growing investments. My investing
master class is a great first sister. Nineteen percent said
avoiding an eighteen percent said generating more income. Then I
(40:04):
asked you, guys, what's your two cents? So diving straight in,
first person said, will they even be eligible for a
loan or a credit card if they're not currently working?
That's a great point. Actually, oh true, Yes and no
if you've got a signed employment contract. Usually yes as
a low bar. Yeah, not saying that is a good thing,
but there is usually a very low bar. Next person,
it is a two parter. I would make up a
(40:25):
budget and try my best to stick to it. Also
try and get some extra cash flow in, maybe with
tutoring or other casual jobs. Just keeping everything in the black.
Speaker 3 (40:33):
Yeah.
Speaker 2 (40:34):
Next person said, can a family member learn new money
interest free and then you can pay it back when
you're working? I mean, not the worst. Like if you're
in a situation where your mum can give you five
hundred bucks and you pay you back and it's very
clean and easy. I don't think that's the worst thing
in the world. No, but not everybody is in a
position where they want to do that or can do that.
Next person said, Hubby and I use a credit card
(40:55):
responsibly to manage cash flow, and it works well for us.
I agree, so do we. So does Jess, Like it's
not a bad thing. What would happen if I gave
you a credit card nowadays?
Speaker 9 (41:05):
No?
Speaker 4 (41:05):
Today, I think I'd be okay with it. Like maybe
even a year or two ago it would have blown
up out of country.
Speaker 2 (41:10):
It wouldn't be So you need to know your personality
and whether that's going to be totally totally next person said,
if she's offered permanency in twenty twenty six, she should
be receiving holiday pay union chats asap needed.
Speaker 3 (41:24):
There you go, good to know.
Speaker 2 (41:25):
Well, yes and no, so absolutely agree. But I'm pretty
sure holiday pay only works like once you're in the job. Yeah,
like your contract doesn't start until the first date. Yeah,
so maybe you get holiday pay next year for like
the twenty twenty seven holidays, but you don't get it
this year. Does that make sense? Because there's no way,
like if I took on a new staff member, logically,
(41:47):
I wouldn't be like, oh, Jess, come work for me
from you know, the start of February. I'll just start
paying you now. Yeah, that doesn't make sense to me.
But again, I'm not a teacher, so that might not
be how it works. I'm just a little bit like
call you union anyway and find out and last one
I'll give you. This person said, absolutely, don't do it,
Just go get a casual or retail or cafe job.
Credit is always a trap. Yes, yes, yes, true, all right,
(42:11):
I feel like that's a good rap on it. I
don't think we should be getting a credit card to
get through the summer season, not because it wouldn't help us,
but because I think it's a slippery slope. Fair now,
I do, and I don't want to get into this
next segment. We have set the expectation that every year
we give you a Bloopers rap, and unfortunately, you guys
blow up our DMS telling us how funny and how
(42:32):
much you'd love it and how you hope it never
goes away. So you would have heard about our producer, Emma.
But then we also have Sam, who is our audio engineer,
and Sam likes to keep track of us and maybe
just keep us a little bit humble. So every year
Sam collects little audio clips and files them away to
humble us at the end, and none of us have
(42:55):
heard this bloop is real yet because Emma Gate keeps
it until we start recording live let's just jump in.
What's Sam going to roast us about this year?
Speaker 3 (43:06):
Let's do it.
Speaker 9 (43:06):
It's been a big year as she's on the money,
and it would be remiss of me if I didn't
give you a look behind the scenes of the show.
Oh sorry, not remiss. How do you say, Victoria?
Speaker 3 (43:18):
And I think it would be a miss if me
not to mention that.
Speaker 9 (43:21):
Honestly, I feel bad if I'd let Victoria know she
was getting sayings wrong earlier in the year, we'd have
been able to nip this in the bud or but according.
Speaker 2 (43:31):
To v you need to nip that in the butt.
It's also up to management to nip.
Speaker 6 (43:34):
That in the butt.
Speaker 3 (43:35):
Now.
Speaker 9 (43:35):
This year we started full video episodes for Wednesday Deep Dives.
Why haven't we done this for the Friday A ms, Well,
it's mostly so that girls can record audio and do
other important things at the same time, like apply cutical oil.
Speaker 3 (43:50):
Has anyone ever said sorry, sorry before.
Speaker 9 (44:05):
I keep talking?
Speaker 3 (44:06):
Okay, sorry, oh sorry, okay, we were doing it on
the slot.
Speaker 9 (44:12):
I've always known Beck was the chill one of the group,
but this year she was almost as chill as a
certain turtle from finding.
Speaker 4 (44:19):
Neba totally totally, totally, totally, totally, totally, totally, totally totally.
Speaker 9 (44:25):
And while Victoria's Spotify wrapped may say otherwise, this year,
revealed that her favorite band is no doubt.
Speaker 2 (44:33):
I'm just a girl. I'm just a girl. I'm just
a girl.
Speaker 9 (44:38):
Happy holidays everyone, and have a grete twenty twenty six.
Speaker 3 (44:47):
Oh he went nice was.
Speaker 4 (44:51):
Not as bad as it could have been, Thanks Sam,
but also totally Oh my god, I need to be
so conscious of that.
Speaker 3 (44:59):
No, I love.
Speaker 6 (45:00):
What I'm getting is you're pretty perfect.
Speaker 3 (45:02):
Yeah, you know what I mean?
Speaker 2 (45:04):
How much should you face ham to get out of
the blood between me and him? I'm just a girl.
Oh well, I feel like that is a great place
to wrap this show up totally.
Speaker 3 (45:16):
It has been a.
Speaker 2 (45:17):
Beautiful year and I cannot wait to dive into twenty
twenty six with you all. We have so many exciting
things coming up with what a summer series so that
you don't miss a single thing and you get to
start on the absolute right foot, and just so much
investing content, so much budget and cash flow content, just
so many fun announcements coming in twenty twenty six. I
can't wait.
Speaker 3 (45:37):
Have you guys, ladies, Bye bye, Bye.
Speaker 7 (45:48):
Did buy shared on She's on the Money is general
in nature and does not consider your individual circumstances.
Speaker 1 (45:54):
She's on the.
Speaker 7 (45:54):
Money exists purely for educational purposes and should not be
relied upon to make an investment financial decision. If you
do choose to buy a financial product, read the PDS
TMD and obtain appropriate financial advice.
Speaker 2 (46:07):
Tailored towards your needs.
Speaker 7 (46:09):
Victoria Divine and Sheese on the Money are authorized representatives
of Money sherper P t y lt D A b.
Speaker 2 (46:15):
N three two one six four nine two seven seven
zero eight AFS L four five one two eight nine
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
The Burden
The Burden is a documentary series that takes listeners into the hidden places where justice is done (and undone). It dives deep into the lives of heroes and villains. And it focuses a spotlight on those who triumph even when the odds are against them. Season 5 - The Burden: Death & Deceit in Alliance On April Fools Day 1999, 26-year-old Yvonne Layne was found murdered in her Alliance, Ohio home. David Thorne, her ex-boyfriend and father of one of her children, was instantly a suspect. Another young man admitted to the murder, and David breathed a sigh of relief, until the confessed murderer fingered David; “He paid me to do it.” David was sentenced to life without parole. Two decades later, Pulitzer winner and podcast host, Maggie Freleng (Bone Valley Season 3: Graves County, Wrongful Conviction, Suave) launched a “live” investigation into David's conviction alongside Jason Baldwin (himself wrongfully convicted as a member of the West Memphis Three). Maggie had come to believe that the entire investigation of David was botched by the tiny local police department, or worse, covered up the real killer. Was Maggie correct? Was David’s claim of innocence credible? In Death and Deceit in Alliance, Maggie recounts the case that launched her career, and ultimately, “broke” her.” The results will shock the listener and reduce Maggie to tears and self-doubt. This is not your typical wrongful conviction story. In fact, it turns the genre on its head. It asks the question: What if our champions are foolish? Season 4 - The Burden: Get the Money and Run “Trying to murder my father, this was the thing that put me on the path.” That’s Joe Loya and that path was bank robbery. Bank, bank, bank, bank, bank. In season 4 of The Burden: Get the Money and Run, we hear from Joe who was once the most prolific bank robber in Southern California, and beyond. He used disguises, body doubles, proxies. He leaped over counters, grabbed the money and ran. Even as the FBI was closing in. It was a showdown between a daring bank robber, and a patient FBI agent. Joe was no ordinary bank robber. He was bright, articulate, charismatic, and driven by a dark rage that he summoned up at will. In seven episodes, Joe tells all: the what, the how… and the why. Including why he tried to murder his father. Season 3 - The Burden: Avenger Miriam Lewin is one of Argentina’s leading journalists today. At 19 years old, she was kidnapped off the streets of Buenos Aires for her political activism and thrown into a concentration camp. Thousands of her fellow inmates were executed, tossed alive from a cargo plane into the ocean. Miriam, along with a handful of others, will survive the camp. Then as a journalist, she will wage a decades long campaign to bring her tormentors to justice. Avenger is about one woman’s triumphant battle against unbelievable odds to survive torture, claim justice for the crimes done against her and others like her, and change the future of her country. Season 2 - The Burden: Empire on Blood Empire on Blood is set in the Bronx, NY, in the early 90s, when two young drug dealers ruled an intersection known as “The Corner on Blood.” The boss, Calvin Buari, lived large. He and a protege swore they would build an empire on blood. Then the relationship frayed and the protege accused Calvin of a double homicide which he claimed he didn’t do. But did he? Award-winning journalist Steve Fishman spent seven years to answer that question. This is the story of one man’s last chance to overturn his life sentence. He may prevail, but someone’s gotta pay. The Burden: Empire on Blood is the director’s cut of the true crime classic which reached #1 on the charts when it was first released half a dozen years ago. Season 1 - The Burden In the 1990s, Detective Louis N. Scarcella was legendary. In a city overrun by violent crime, he cracked the toughest cases and put away the worst criminals. “The Hulk” was his nickname. Then the story changed. Scarcella ran into a group of convicted murderers who all say they are innocent. They turned themselves into jailhouse-lawyers and in prison founded a lway firm. When they realized Scarcella helped put many of them away, they set their sights on taking him down. And with the help of a NY Times reporter they have a chance. For years, Scarcella insisted he did nothing wrong. But that’s all he’d say. Until we tracked Scarcella to a sauna in a Russian bathhouse, where he started to talk..and talk and talk. “The guilty have gone free,” he whispered. And then agreed to take us into the belly of the beast. Welcome to The Burden.