She's On The Money - FRIDAY DRINKS: G and V take the wheel!

Episode Date: November 4, 2021

Happy Friday friends! This week G and V forgot that Tuesday was a public holiday here in VIC, so Friday drinks was left feeling a little lean BUT WE SMASHED OUT A KILLER EP ANYWAY.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. Victoria Devine is an Authorised Representative of Australia Pacific Funds Management Proprietary Limited ABN 34 132 463 257 - AFSL 339151See omnystudio.com/listener for privacy information.

She's on the money. She's on the money. Hello and welcome to She's on the money, the podcast for millennials who want financial freedom. This is one of our Friday drinks episodes where we celebrate the money wins from our She's on the Money community. As you guys know, there are so many great wins and confessions that are shared every single week in our community.

And over the last week, we have spent a very big chunk of time going over everything you guys have achieved over the last week. So this episode is for you. It is celebrating you, Georgia. Welcome to the show. Yeah, g'day, mate. Hey! How are ya?

I am so well. I bet you didn't think that you'd log on to record an episode and it'd just be me awkwardly sitting here. It's just us. It's literally just Victoria and my good self. It lacks a bit of a vibe, but that's okay. We're going to bring the energy. No, we bring the vibe, Georgia. Did you want to explain why it's just the two of us? Yeah, I do. It's because no one likes us. No, no, no, no. That's not true. I mean, it might be, but the real reason is because it's the day before Melbourne cup day here in Melbourne and any smart individual would have taken today off. Yeah. It's sad. Did you know that we were meant to take the day off, Georgia? Well, yeah, look in hindsight, I'll know for next year.

Yeah. We'll know for next year and Jess can carry the show all on her own. Exactly. It'll be fine. Mm-hmm. So we've decided to just do the show anyway, instead of doing it later in the week, because we had it scheduled for Monday and like we just stick to the schedule, you know, George? Absolutely. We're just those types of people. So do you want to have a chat about what happened on the show this week? Absolutely. Start us off with Money Diaries Plus. Well, technically we're recording and it came out this morning, so I know all about it and you're going to like do a bit of a spoiler, but it won't be a spoiler. Like, you know what happens on Wednesday, Georgia, but we're pre-recording this week because we're so busy. It's meta. That's there's a lot. We

shouldn't have told people that. We should have just been like, oh, this is definitely us in your ears on a Friday morning. Anyway, this week on Money Diaries, we sat down with a money diarist that was honestly so interesting. So she slid into our emails last week and she had this really great story that I was super excited to listen to. And it was all about how her and her partner were saving for their first home and that her partner was a relatively high income earner. like we're not talking like a couple of grand a week we're talking like 10 grand plus per week as an income that is not relatively high that is ridiculously high yeah like insanely high and so she was talking through that and how they managed their money and we really wanted to talk to her

about balance and how she you know split the relationship because she's on more of a quote normal salary she earns about 60 grand a year and I was like yeah get her on that'll be so interesting because in her email, she also said, you know, I do a lot of the home stuff and my partner pays far more of the bills and rent than I do. And I'm like, wow, let's do this. So we organized a time with our money diarist and she said, hey, are you guys still okay to record? Because my situation significantly changed. We were like, oh, okay. Like you sent this email, I think it was like 72 hours before, like what could have changed so much? But turns out she broke up with her boyfriend he had decided that alcohol was more important to him than their relationship and she

said no mate kick it to the curb we are done here and left so she in that period of time had gone from the financial goal of saving for a home and thinking literally thinking 72 hours earlier that coming on trees on the money was you know something that she wanted to do have a chat about it to being like, you know what? Enough is enough. I am done here. And now her financial goals are more around travel and setting up her emergency fund and like looking after herself. So it was a wild ride and one that I was so grateful to be on with her. Cause you would have thought maybe she's a bit vulnerable right now. And we obviously did our due diligence, George and said, Hey, are you sure you really want to record this? Like we promise we will do this with you, but if this week ain't

the week, that's okay. She was like, no, like I've made the right decision for me and I want to share it. And I hope that it can really help somebody going through something similar to hopefully pull the trigger and make the same decision I did. And I was like, yes, queen, come on the show. So God, that sounds juicy. It was juicy. So if you haven't listened to it, I highly recommend that episode. The vibes on it are also supreme. How long had they been together for? They've been together for a number of years and they had broken up a couple of times historically, but she said she wasn't quote serious about the breakups she was more like oh like i ended up going back or whatnot but i don't want to spoil too much because obviously it's a really good

story but to overlay that she was also helping him get his visa here in australia so he's really dependent on her oh my gosh so many little plot points here so go listen to the money diaries episode if you thought that was pretty interesting but as i said before i don't want to ruin the whole episode or spend this entire episode recapping what happened on Monday when you could just listen. So, Georgia King, what happened on Wednesday? What did we get up to? So, V, cast your mind back. We discussed what you need to think about financially when it comes to living overseas. And as I mentioned 49 times in the podcast, I'm very keen on living in London at some point soon. In London? In London. I don't know if you can do that, but we've done it anyway.

I don't know if that's appropriate, but it was, it was so interesting because turns out there is so much more to it than just throwing your backpack on your back. Uh, you got to think about tax. You've got to think about super health insurance, like all of these things that I just, you know, me, I don't, I don't think too deeply about many things. So it was, it was a real eye opener. So if anyone is thinking about heading over now that we can definitely give it a listen, it was a great it. I thought it was a really good episode as well, because as someone who has not lived overseas before, I was just like, yeah, actually, what do you need to consider? Because I've always done the travel insurance and stuff like that. But like, what other factors do you need to take

into consideration? And one of them was superannuation, which isn't that sexy, but at the end of the day has a massive impact on the way that you're going to retire. And you don't want to put yourself in a position where you're like, I'm going to move overseas and live my best life to the detriment of future me. Like no one wants to do that. And you don't actually have to, whereas I think a lot of people just go, oh, if I move overseas, I won't be contributing to super that's bad. But the reality is you can make a plan that happens before, during, or after you come back to make sure that you don't skip a beat. And that's pretty exciting. Well, one of your remedies that you suggested was for me as someone who wants to go over there in like two months or

So, um, I'm joking. I'm joking. I knew you'd freak out. I'll keep you on the show. You know what, George, I can't deal with any more change in my life. What we're going to do. We're just going to keep you here. Lock her in. No, but as, as someone who wants to go in the, you know, the not too distant future, I'm going to start making additional contributions to my super so that I don't have to worry about it when I'm there. Remember you said that? Yeah. Oh, that's exciting. I think it's, it's smart. So yeah, it was an episode packed full of tips. So have a listen. If COVID has taught us anything, Georgia, it's that remote recording of podcasts is entirely possible. So if you think you're leaving She's On The Money and going to London, what you're

actually meaning is you're taking She's On The Money International. These mics are portable. You heard it here first, guys. But do you know what we should do now? We should go into the money wins of our She's On The Money community because, George, that's what this episode is about. And this week we have had a heap of them and there have been a number of absolute bangers, George. Okay, V, I have not been in the Facebook group for a while, so I need to hear these. Lay them on me, please. For a woman who works in social media, you spend a significant amount of time not on social media. It's honestly impressive, George. But first one, G, is from our friend Carly and I say our friend because she pops up in the she's on the money community relatively

consistently and has done for I would say the last few years so super appreciate you Carly but I thought this was a good money win she said I earned enough points on the internal recognition reward system at work to redeem $120 worth of Woolies vouchers that's her weekly grocery shop done for her house I don't what's an internal rewards thing in there but it must be like fly buys or something, but for your job. Amazing. How good is that? I don't have that. I'm sorry. Do we have that? She's on the money. We're going to move on. The next money win was from Anna and Anna is a new friend in our community and her money win is about Botox, but not in the way you would think. She said, I have a medical condition that requires Botox injections.

I had moved house since my last lot and had to find a new dermatologist. She said she rang about five clinics and the fifth one which happened to be closest to her house and had the earliest appointment if that's not a sign i don't know what it is only charges for the reduced pbs cost of the units of botox which means she didn't have to pay any specialist fee and no partial payments she went this week from paying over six hundred dollars a year for her botox injections to now 40 bucks what yeah that's a money win that is a money win that's so cheap speaking of botox v this is a little segue i uh did a uni assignment on botox quite recently little mini documentary oh not about like medical botox well i've just noticed a lot of people around me at the moment

are getting botox and i'm in my 20s as you know that's relatively normal i feel my friend group does it? That's the thing. That's the thing. Spoiler. I do it. So it's not a secret. It was, it was really, really interesting to look into it and how common it is and why that is. Anyway, please no one Google it because it was kind of awful. Got an HD though. So that's what counts. Sorry to make that about me. Tell me our next money win, please. All right. So next money win is from Emily Jade. And Emily says, I had $22,000 owing on my car at the start of the year. and yesterday, I paid it off fully. Wow. Did you say how? Did you give any tips? No, but maybe we should follow up and message her a minute. Excuse me, what is going on?

The next one, I can't say that this will apply to me because as you know, G, I'm probably not very likely to walk into your local butcher, but our friend Jess had a money win. She said, my partner and I recently had a really rude experience at our local butcher, but we try to support local so I've continued to go there despite our bad experience we went back again on Saturday and the same rude lady was there serving us however when she went to enter the amount into the FFOS machine she only charged us $4.24 instead of $42.40 and she didn't notice usually I'd go back and pay the difference because we didn't realize till we got home we just tapped our cards but given the experience she's not going to and she's taking it as a small win

for her continued support of their business. That's karma baby. Overall trying to be good people. So I was like, you know what? I feel like that's karma. Definitely. Definitely. Love that one. Butchers are usually so lovely. Don't you think? It's quite confusing. Can't say I go into the butcher very often. Okay. All right. Vegan. Vegan. Cause vegan. This money win G is the last one I'm going to share with you today before we go to a quick break, but it's got something to do with Dyson vacuum cleaners. So I thought I'd leave the best to last. Wait for it. She said money winner. I've been eyeing off a Dyson vacuum cleaner for so long. And recently I played one of those arcade games at time zone and she won and it arrived the other week. The retail price for

the Dyson is $5.99. And because she got it playing the game, she got it for three bucks. What the devil a three dollar Dyson Georgia King from time zone first of all that is baffling that time zone is still with us but oh my gosh that's incredible I didn't expect anybody to say you know what went to time zone got a Dyson with a Dyson you cannot say that time zone is not keeping up with the demographic that it initially engaged with exactly like historically George I think you and I when we were a bit younger would go to time zone after school get some slime or like those slappy, strappy hands. You know what I'm talking about? Now they're like, oh, these guys closer to 30 than they are 12. They want Dyson. So they've upgraded. I really like it. That's

hilarious. Love it. We're going to talk about property in a hot second, but let's go to a quick break before then. All right, George, we are back. And this week you've been asking me a lot about property. You said that you saw something on Instagram and you wanted to talk to me about it, but in true Victoria Devine form, I was like, no, we're not going to talk about it. you're going to hold this back for the show. We're going to talk about it on the mics. Yep. George, what did you find this week? What property questions did you have for me? Because I'm absolutely certain that you're probably not the only one that has these property questions. Okay. So I was scrolling, scrolling the gram and I came across the Daily Oz,

friends of the show, incredible Instagram account. Zara's a wizard. They make news digestible. Yeah. It's, it's amazing. Anyway, there's this graphic, which says house prices in Australia have increased by about 22% in the past year. 22%. It definitely feels like that, but that is a huge jump, V. That is a pretty significant jump, G. And if you're already in the property market, you're probably pretty happy about it. But if you're not in the property market already, like yourself, G, and at some point, you know, you want to purchase, that's probably a pretty discouraging thing to say. It is mate. Well, I, and you're, you're in there. So I'm, I'm happy

for you. I'm not at all jealous, but it's just when you do see stuff like that, it just, it makes the dream further and further away. But I'm, I'm wondering like, will it just keep on increasing or is it reaching now such a height that it can only go down? Like help, help a gal out. Help a gal out. All right. So I'm on it. Economists have said that by the end of the year, it will surge by 22%. That's already hit that, which is the news that you're talking about. But they've also said that they can see a gradual easing on the way. I think that over the last 12, 18, 24 months, we've been in a pretty prickly situation with COVID and everything going on. I mean, the lower interest rates during the pandemic were absolutely seized by property

hunters. They were like, heck yes, let's get into the market. They're going to be lower repayments and obviously better return on our money and what we're investing. So I think that a lot of people who had been saving up for holidays or, you know, travel or whatever they wanted to do instead of property were like, well, now I've got all this money sitting here. I'm just going to invest it into property because it seems like a reasonable thing to do. And the thing that drives property prices, G, is demand. So the more people that want property, the more the price is going to increase. So it's not surprising that this has happened during a period of time where we literally couldn't leave the country. And a lot of people who do have a lot of money will like,

well, what else is there to do? So do you think then, V, that that is probably more people who are buying their second or third homes rather than first home buyers like me who just can't manage to crack the market? No, not necessarily. So we're seeing it across the country. It's not just in those higher priced homes, but earlier this month, and I say earlier this month, it's the first of the month today, mid last month, gee, we saw a statistic come out that said prospective home buyers are going to be hit with increased median house prices in Sydney of $300,000 this year, which took Sydney's average house price to $1.3 million for the very first time. Is that not crazy? Those numbers make me want to be sick. But furthering that, other research also showed us

that the Australian housing market, as I said before, increased, but it actually increased by 17.6% over the first nine months of 2021. And that growth rate has literally not been seen since June 1989. So gee, in our lifetimes, we've never seen such significant increase in the housing price market. Like what? Literally. That just makes me feel flat V. Like I'm so happy for everyone that has a home, but the highest has been in our lifetime. Like mate, like, oh. Yeah. Look, I don't think it is the worst thing to happen though. I think we need to understand that this is a market as well. It's not something that is stagnant. It's not like when they increase, it's like a price increase of bread, right? So like this is not inflation where,

you know, in 1989, maybe bread was like 50 cents or a dollar or whatever it is. And now when we walk into the supermarket, gee, if you want to slab a Wonder Why, it's going to cost you $4.50 or whatever it is. It's like, what Wonder Why it costs? I don't know. But that's what we call inflation, whereas that's not what's happening in the property market. What we are seeing in the property market is demand is increasing and therefore prices are increasing and demand and prices of property are only going to exist as long as people want to purchase it. Whereas once this tapers off a bit, everyone's going to be in a situation where like, do I actually want properties? Is that what I'm going to do? People are going to start being able to travel again.

We're going to rejig our priorities. And I genuinely think we'll see a dip in the way housing prices have increased what about the like where they've increased because i know down here i'm down at my mom and dad's recording today and the houses down here by the beach have just gone it's it's crazy what is selling for a million dollars now it is insane to think but again i think that's relatively lifestyle driven like we're not talking about beach shacks if we can go to italy whereas over the last 18 months we haven't had that option and the people who could afford that are like, we better get a beach house. We've got to get somewhere that we can work remotely from. I think there's a lot of change going on and that's okay. Like change is good.

But I think we also need to remember that while housing prices are increasing, as you said before, by 22%, our income is not increasing in the same way. Like, I mean, there have actually been a few people in the She's On The Money community that have been like, oh, I doubled my income. but those are the outliers. But unless our incomes across the board are all of a sudden going to change to match this increase in pricing of the property market, it's not actually going to be sustainable change. Like imagine if we're in a situation where that just becomes the norm. We know that the interest rates over the next few years are going to increase. We've seen it at an all-time low and it's not going to be sustainable. It's not going to exist forever. It's like,

remember when we're recording gee like probably like 18 months ago now and you and I were like oh my god up bank has an interest rate of 2.5 percent money win that is so good nowhere's doing that anymore because it's not sustainable because of the way the market works so these things come and go and they change but I don't want you guys to be disheartened by the fact that you're not in the market and that it's significantly increased put your blinkers back on keep saving you will be you're on the pathway. You will be set. You will be fine. It is something that we just need to watch stagnate over time because I think things have gone relatively crazy recently. A hundred percent. Just to add to that V, the second little slide from the Daily Oz said that

according to Tim Lawless from CoreLogic, that housing prices continue to outpace wages by a ratio of about 12 to one. Yes. Which is crazy. Exactly. Can you imagine a world where it becomes the norm to be paying 12 times your income as a purchase price for a property? Babes, I don't have to imagine it. That's where we live in. I know, but like, it just seems wild. And it does make me want to prompt you guys to think if property is something that you're doing just because you think you need to do it because it's like the right thing and it's the way of the world. think again like you have so many investment options so many different ways to create wealth if you want a house great let's work towards that but I think we really need to remove the pressure

from people who haven't bought houses yet to buy them if that's not even in line with their values or what they want to do George you and I did an episode recently well it feels recent I think it was like a month ago now on renting for life and how that can impact your life and what that actually means and that that's actually a really valid way of living. And it doesn't mean you're not creating wealth. Whereas I think there's still this stereotype that if you don't purchase a house, you're not financially successful. 100%. And that's not the case at all. Absolutely not. Well, you were saying that that is actually an investment strategy for a lot of people, that they're using renting to their advantage. Yeah. I've got clients who are like, I'm not

going to buy a Victoria. I just don't want that type of commitment. We're just going to aggressively invest. We rent an apartment in the location that we want to live. I've got a couple of clients who rent full blown houses that are gorgeous with pools. Cause they're like, we don't want to pay the maintenance on that pool. Like if it breaks, like that's not in line with our values. I'm like, get it. That's fantastic. But I think we really need to be breaking this stereotype that to be successful or to be financially stable, we need to own property because it's 2021 and we absolutely do not. Love that woman. Okay. So, before we round off today's show, VD, I wanted to ask you a question from the community. Now, we are thinking, guys, of in our Friday Drinks episode,

bringing back the money questions that V and I did back in the day. So, if you're interested in that, let us know, but I'll put the call out on Facebook. So, keep your eyes peeled. Anyway, to this week's question, V, it is from the lovely Shay Lee. So, she has asked, what is the minimum amount that a first home buyer could be earning slash have in their savings to approach buying or building a house? Obviously it's going to vary depending on the type of house you're looking at and where in Australia you are, but the majority of our listeners are in Melbourne and Sydney. So we're going to say that the houses they're looking at are probably between what, 600 and a million at this point. Yeah. And it's really hard to answer that question. I'm such a

on this show. Honestly, why do you come here? No, but more seriously, it's really going to depend on your cashflow situation, whether you have a guarantor or not. Let's pretend you don't have a guarantor because that is a privilege that not many people actually have. Albeit banks make it sound like every second person has a guarantor on the mortgage they take out. Like apparently everybody's parents are helping when in reality that is not the case, but that is okay. So when it comes to how much you need in savings, obviously the ultimate goal is 20%. And we can talk about that as being the OG. The reason for that is because if you have a 20% deposit saved, you're not going to be in a position where you have to pay LMI, which is lender's mortgage

insurance. And lender's mortgage insurance does not protect you. It protects the bank. Yes, you can put it on your mortgage, which means that some people are actually able to secure mortgages for as little as 5% deposit. And with some new schemes that are coming up, even like 3% deposit, which is really cool, but it's not necessarily how much you're having savings. It's actually what your cashflow looks like. So I've said before on the show that I've worked with people who have half a million dollar incomes and banks won't lend to them. And the reason banks won't lend to them is because of their cashflow situation. And when I say cashflow situation, G. I mean that you are spending less than you are earning so you can prove to a bank that you've got

some disposable income that you could allocate towards paying their loan back. We're not here talking about like, oh, well, you actually, you need to have an income of a minimum of $100,000 because that's actually not the case at all. I've seen people be approved for mortgages when they're casual employees and they just work weekends. But the situation is different for everybody. And when I say that, I'm not saying, oh, the situation is so different, gee, like I couldn't comment on it. It's more, okay, if you are a casual employee and you do want to purchase a home, that situation is going to be really different than a dual income family who has two incomes of a hundred grand, because they're going to actually get to that goal much faster

than you. You might actually spend 10 or 12 years saving up for a deposit. And that's totally fine. In this day and age, that's actually really normal. It's not normal for people. And I know we had a money win like this before. So I do apologize, Emily, because as much as that's a really, really impressive thing to do, not many people can save $22,000 in one year. So if you're in that situation where it's going to take eight to 10 or 10 to 12 years to save for your first home. That's cool. Save for that. But then it's going to be about the purchase price of your property. So if you're, you know, let's say, gee, you're earning $65,000 and you're in a situation where you want to purchase a $1.3 million property. I don't want to burst your bubble,

but it's not going to happen. And I say, it's not going to happen because even if you got to the point where you had that deposit and you've worked your butt off and literally you have hundreds of thousands of dollars in the bank to put down as a deposit, you're not going to be able to afford the repayments. And I don't want to be, oh no, you can't afford it. But at the end of the day, we need to be really reasonable. And one of the things you can do when setting goals, especially around money, and I always say that you want to use that SOTM goal setting methodology, which is in my book and in my online course. So go and look at those things, but you want to be really reasonable. So G the question isn't how much do I need to have in my bank account, but it's actually

going to be how much can I afford in loan repayments? Because if you have the deposit and you're set, forget, let's pretend that's all out of the way. If you're going to borrow a million dollars, can you actually afford six grand a month to pay that loan back? No. Okay. Well, let's work out what you can borrow. So if G we wanted to look at purchasing, let's just say a $450,000 apartment and you've saved 50 grand, you've worked out that you're going to get a nice loan of $400,000 and you're going to do a fixed two-year loan of 2.09% for 30 years, which is standard terms, you're going to be up for about $1,500 a month in loan repayments. So if you hear that amount and go, oh, Victoria, I can't afford that. Well, then we need to rejig

what you're doing. So, you can do one of two things. You can reset your goal and say, all right, well, Victoria, I'm going to look for something different. I'm going to find a different property. Maybe instead of that, what does $300,000 look like? And I would say, okay, Jay, if you just borrowed $300,000 and maybe you saved for a little bit longer or you reset your goal so that you're not buying something as expensive, you'd be up for about $1,100 a month, which is pretty significant in terms of differences in what you're paying back. So, it's not necessarily, hey, how much do I have to earn? It's actually how much can you afford to pay back and go from there. So, maybe your budget is, all right, I know that on my current income, I could afford a loan of $400,000.

Great. Let's work towards that. If you can afford $300,000, great. Let's work towards that. But if we're talking about the median house price, Georgia, being $1.3 million in Sydney, let's just say you had a guarantor, George, which would mean that you wouldn't have to put down a deposit, which means you would be borrowing 100% of the purchase price of that property. $1.3 million as a loan, again, at 2.09% for a 30-year term, it equals $4,864 a month, George. That's what people earn per month. That's their entire income. Is that reasonable to expect people our age to be paying that on a mortgage? Absolutely not. Yeah, exactly. So, I think that we need to just be reasonable and actually give ourselves a bit more context. So, when we

say things like, oh, do your research, this is what we mean. Go Google mortgage repayment calculator, pick whichever one you want, and then have a bit of a play around with it. Work out what the repayments might look like. And if at the moment you're like, look, I can't really afford that, but one day, you know, in a few years, I might have my income go from 70,000 to 80,000. And then that's a bit more feasible. Then great. Because don't forget that if you're going to take eight years to save a deposit, you're probably going to have increased your income by then as well. Yeah, that's true. That's positive. Does that help? Does that answer the question in a roundabout long way? I think so. Well, it's kind of just like there,

there isn't really a minimum, but it's probably going to be more than you think slash the deposit isn't the most important piece of this puzzle. No, and it absolutely isn't. And while we still need to think about things like the deposit, one of the most important factors of getting a mortgage is not necessarily coughing up the money at the start, but proving to a bank that you are a good person to loan to and you actually can service that mortgage. And if you've enjoyed this chat and want to talk more about property. George, did you know that we have an entire property podcast? I did hear a whisper of that actually. You did? It's called The Property Playbook and we have an entire community as well where we share money tips and tricks about property

literally every single day. It's hilarious because someone in the Facebook group the other day, George, actually over the weekend, they were like, oh my gosh, they submitted a question and I approved it. And it said, is there any like money podcasts or books or like any resources that I could look at for property? Like, does anybody have anything? And I was like, hello, it is me. Do I have another one? And then we're like, what? Who is she? So if you haven't checked out the property playbook yet, please do. I am co-hosting that with Amy Lenardi, who is a buyer's advocate who has bought and sold more than a thousand properties in her time. Has she just? Yes, it's crazy. And she's young and you wouldn't believe

it, but she has. No, it's a great listen, guys. Do have a listen after this one. But Vee Lord, I think that's all we have time for today. Oh my gosh, that is it. Feels like a deep dive. Yeah. Look, let's run away before we muck it all up. It's just been us. So as always, just before we head off, we'd like to acknowledge and pay respect to Australia's Aboriginal and Torres Strait Islander peoples. They're the traditional custodians of the lands, the waterways and the skies all across Australia. We thank you for sharing and for caring for the land on which we are able to learn. We pay our respects to elders past and present and we share our friendship and our kindness. And remember guys that 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 a financial decision and we promise victoria divine is an authorized representative of australia pacific funds management proprietary limited abn 34132463257afsl339151 catch you next we'll see you guys next week with more people yeah yeah we promise you