She's On The Money - FRIDAY DRINKS: G King and Jric go rogue

Episode Date: December 9, 2021

This week G King and Jric decided to take Friday Drinks on solo without V! Kinda makes sense since last week Jric was answering questions like a pro, so V is not needed 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 339151.See 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. Today, it's our Friday's Drinks episode, but we're taking it with a twist, as some people do with their martinis. Do they do that? Maybe. As you may have noticed, this is not Victoria Devine speaking. This is Georgia King speaking, and joining me is the lovely Jessica Ricci. Hello. J.Rick, it's just the two of us today. Just the gals. Just the gals. Victoria Devine is a freaking busy lady.

I tried and I tried to find time in her calendar and we do normally have our standing Friday drinks day every week, which we love, but this week something came up and unfortunately she couldn't make it, but the show must go on and that means we get the mic. We get the mic and to kind of spice things up, we thought we'd do a Q&A with G and J little episode. Did you like that? I love that. It rhymed.

it was fun um so brace yourself guys because over the next what do you reckon half an hour or so jayrick we're going to be answering all of your burning questions for the two girls who well you know stuff about finance i don't really know that much but you know i'm a nice girl a nice lady we're gonna do our best uh victoria divine if you're listening i kind of hope that you aren't because we did this without permission please be kind to us we're as you say we're doing our best but we are also not financial advisors. All right, Jess, where do we start? I guess we'll start by talking about the pods that were this week. So, kick us off with a little recap of Money Diaries. So, on Monday, it was Toni's last episode. She's headed off to work on other things,

which we're so excited and proud of her for. So, the girls spoke to a diarist who immigrated from Brazil to Australia to be with her long-distance partner. So, they've been doing long-distance for Yeah. And her partner was from New Zealand. So, they've both moved here with no experience, fresh start, no savings. They're actually 10K in debt. And so, coming from that, their own lives, all of a sudden, they're living together. They've moved to a new city. They've paid off their debt. They have savings now. They're absolutely kicking goals. And it was just really cool to hear about, I guess, their journey to now. I mean, everybody has a really interesting journey, of course. But I think, making such a significant life change.

And then they ended up on top. They now have a six-figure investment portfolio together. Really great one. I highly recommend it. It sounds like there was lots in there to unpack. So much, absolutely. What did you guys chat about on Wednesday? Wednesday was another jolly, festive episode, J-Rip.

Can you tell I had control over this month's content? There is a lot of Chrissy content coming everyone's way. Fair warning. But this week we chatted about sustainable gifting, which was really interesting because obviously last week we spoke about the 12 saves of christmas and it was it was really great to find out ways of cutting back on the crazy spending that we all do at christmas but tackling it from a sustainability perspective was super super interesting thought it would be cute to reel off some stats here for you jayree in case you haven't listened

to the bee episode yet um so the amount of waste we produce increases by 30 percent at christmas time wow that's a lot that is so much when you especially when you think that i like i wouldn't know to start off the top of my head i am nowhere near as good as you but like on average the amount of waste that we produce now is compared to 10 years ago has increased astronomically already So, to chuck another 30% on top of that is insanity. Oh, it's insane. And a massive part of that, Jayra, it comes from plastic, which makes a lot of sense. We produce 125,000 tons of waste just from plastic packaging at this time of year.

And we spend an extra $554 million on food at this time. And a third of that goes to waste. So, there's a lot going on. that especially when you think about not everyone's you know it's a time to be with people you love and enjoy but it it does break my heart a little bit thinking about the people who aren't so fortunate and especially when there's so much going to waste I totally get wanting to do a big do especially after the last couple years that we've had but I would really encourage people if you do have excess of things I know it's really hard to do but if there's a way to pass that on

to someone less fortunate. There's food banks that are always looking for things at this time of year. Heaps of great charities are looking for donations. Maybe we could pop a thread up actually in the group today about giving back for Christmas, because I think our community is so smart and there are always people whenever we mentioned something on the pod being like, oh, I wonder if that's a thing. There's always people that have the answer. So I'll check that up in the Facey group today if you're not a part of it. Let's get that chat going because it's been a tough time, you know, for everybody. Yeah, definitely, definitely. And yeah, guys, do listen to that episode if you need tips. If you're still getting your holiday gifting together, there were

lots of kind of ideas in there to help you out as to how you can do it sustainably. So, give it a listen. We love it. Yes. Amazing. Now, normally we would do a bit of a deep dive into a thing and you and I would be the ones bringing the questions. Victoria would be the one doing the answering. she certainly would neither of us are shall we say finance experts um i feel like you're getting there doll remember last week you had all the tips and tricks i mean what was my best but i'm no victoria divine um but what i thought we could do instead i chucked a post up on instagram today and asked people to ask us some questions i did throw the caveat in that we are not as knowledgeable as victoria but i thought maybe we could run through do a bit of a q a what do you reckon

We love, we love. All right. Let me have a scroll through and hit you with some questions. Oh, I'm sweaty. Yeah, me too. It's really hot today. Should we start off with a nice, a nice simple one? What are your big money goals, Shaking?

Tell me about you. Oh, okay. I think despite everything I've learned over the last two years from being involved with Shiz on the Money, I think home ownership is still probably the number one. big money goal, as I know it is for you. I'd say that's my biggest goal. And then I think starting investing the proper way, like the step above micro-investing, I think would be my second big money goal. How about you, Jen? How are you going on your home ownership journey? Because as you say, it's also,

I'm exactly in the same boat as you. That's my big goal right now. And I know it's so overwhelming. We actually put a post up on the Property Playbook's Instagram this week. the property market has been projected by Westpac to have increased 22% in the last 12 months. Yeah. That is so much. And especially when we're talking about large sums of money, it blows my mind that a pretty average house, I'm looking an hour outside of the city, is still over half a million dollars. You're looking at between $500,000 and $600,000 for just a really basic home, which the prices, you know, getting that deposit together can be so hectic. Yeah. Yeah. It's insane. I feel like, I feel like for me, I'm just, and I feel like

regular listeners to the podcast would definitely know that I still plan to live overseas sometime soon, hopefully COVID depending. So I think for me, I'll move overseas for one or two years and then hopefully come back. Hopefully the market has crashed and I can just jump in there, buy myself a hot little mansion and then go from there. But yeah, I think I'm kind of just, I've got like a nice little deposit there for when I need it. And then yeah, when it comes time, hopefully I'll actually be able to afford something halfway decent. Tell me about your home journey so far Jess? I feel like I'm getting to the pointy end I am currently waiting to get my pre-approval back which is super exciting I've been chatting to a mortgage broker have been

listening to all of the property playbook episodes which has been super helpful I definitely have an advantage in that I have direct access to Amy and Victoria and can ask them all of my ridiculous questions um but yeah once I get that pre-approval back in an ideal world uh that process will run through start of next year, which is exciting. I'm looking like I'll probably be building just because in terms of the costs, I want to take advantage of the grants that are available for first home owners in Victoria and the stipulation there is that it needs to be a new home that hasn't been occupied before. So, building is looking like the way to go for me, but finding land is really hard. Picking a builder is really hard. The whole thing is just really hard. So,

everybody keep your fingers crossed for me that my pre-approval comes through um but yeah we'll see how we go that's so exciting it is exciting but also very overwhelming yeah for sure such an adult now jay rick that's a very adult move i think so but steph asked us would love to hear how you girls have changed your financial lives since working at share for money and i know you said before that um you know despite everything you're kind of just plodding along which i really admire, but have you made any changes at all? If you think back, obviously you're the OGG king, you've been here, you know, the longest out of everybody. Has there been anything that you've kind of changed or learned that has had a big impact on you? Oh, that's a good question. It's

a really good question. I think, I think something I've really learned over the last two years is to kind of go more easily on myself when it comes to spending money. I'm a dirty hoarder and I like to hold on to my cash. So, over the last kind of couple of years, I've let myself spend my money and realized, George, you work so hard. You do, absolutely you do. Yeah. So, I think that's probably one of the biggest things that's changed for me that I'm weirdly proud of. It's kind of like a reverse it's not what you would expect I guess it's really good I think especially this time of year when people have been working so hard it can feel really confronting to all of a sudden be just making it rain on Christmas presents and dinners and all of that stuff so I think it's

really great that you yeah are a bit more comfortable doing that and obviously doing it responsibly but not restricting yourself super significantly either because you do deserve to enjoy your life and to some extent totally the money's there to be spent I mean don't go crazy but what's life if you don't enjoy it, you know? And that's it. That's it. I think the other key thing I would say there as well is like an increased level of self-respect and self-worth. And I feel like that's something that Vicky D, getting deep over here, girl. But from a finance perspective, like I think, especially as a freelancer, there's always that tendency to undervalue yourself and not really know what you're worth. But Victoria has really helped

me and I hope a lot of our listeners to realize that like, it's a really good thing to talk about money, have conversations, earn your worth, and then add tax as she says. So, I think that's probably, they're my two big key learnings from the last two years. Johnny. How about you, Jessie? Jessie, I've never called you Jessie. Do people call you Jessie? No. The only person who really ever has is a guy I used to work with and it was super weird vibes. but I think for me there's kind of two things and the first one is probably more so from not from working here but from she's on the money because we've said before I came from the

community that's how I got this job but it was paying down your debt I paid off eight thousand dollars of credit card debt in a matter of six months after listening to the pod just by realizing that I had terrible habits and I had initially gotten that card as you know an emergency came up I was due to go overseas my car just carked it and I couldn't afford to pay for it so I got a card and put it on that and then it was just incremental spending of being like oh I'm out I don't have money in my account I don't have reception I'll just put on the credit card and pay it back and then obviously those things just snowball so quickly and I found myself with this debt and at the time I was trying to save and I thought I was doing really well because I loved seeing

the numbers going up in my savings account and then listening to the pod I heard Victoria say once if you have debt and savings you don't have savings because you're actually robbing future you with the interest and the line of credit and all of that stuff and so I once I heard that I was like oh my gosh what have I been doing and yeah I like paid it down really aggressively but that mindset of having needless credit is actually quite detrimental to your finances even if you're savings are going up it's not necessarily putting you in the best position that you could be in and so that's something that really stuck with me and then I think the other thing is just investing consistently I had never thought about investing ever in my life as far as I'm aware my family

never invested uh it just money wasn't something that was spoken about a lot I just knew it was a really significant stressor in my family and so the idea of creating wealth was not something that had ever crossed my mind like I thought I was doing well to just you know have paid off my debt and be like wow great like that's a big thing and then my eyes were just open to this whole world of things that I had never spoken or heard about and then obviously being around it all the time in the office we talk about investing in the market and the community does as well and just realizing the value of even if it's a small amount even if I'm chucking 50 bucks into my spaceship every month. That consistency means that I'm getting the most of dollar cost

averaging and I'm getting the most of my money. And if I leave it there, which is my intention, it'll just chug away on its own and kind of generate its own money, which is incredible. Who knew? Not me, that's for sure. Who knew? Exactly. I know. I feel like before she's on the money, I definitely fell into the camp of thinking that investing was like gambling. Like, why would you do that? Leave it in your savings, play it safe. But yeah, that's been such a learning curve. And I feel like hopefully the pod has helped and the community has helped people come around to the idea of investing. And now, you know, there's a whole cohort of us who are going to be rich. I love that. We're all going to be rich. That's the end game. We're all going to

be rich. Yeah, that ended poorly from George, but that's okay. What's our next question, jay rick the next one is unsurprisingly christmas themed uh would you expect any less from me at this time yeah but sophie asked how are we going with our christmas budgets she said if we're comfortable sharing don't have to put a dollar value on it but how are you going i know that we spoke a couple weeks ago about the fact that uh you know the blowouts are feeling a bit big coming off the back of a another lucky day um are you feeling on track are you feeling comfortable I'm, I'm feeling comfortable. I'm actually really excited with what I have got planned for all of my family members. We're not doing a KK this year, which is maybe a bad thing for my bank account,

but I think it's, it has been such a weird year yet again. And I kind of, I want to express my love for my family in a material way. And it's okay to do that sometimes. It's okay to do that sometimes gifting is one of my top love languages yeah if you don't know anyone listening the five love languages that this test you can do it kind of tells you how you like to display and receive love it's quite insightful but yeah gifting is one of my top love languages and i fully get you where you're like it's been a rough year i haven't seen you i just want to give you love in the form of something physical not just a hug and yeah that's okay as well like i know we talk about saving and on the pod we've spoken about like doing it sustainably doing it affordably which

are all important things to consider but also if it's within your means and it brings you joy i don't think that it's a bad thing to share that with your loved ones and there's ways to do it as well like for example when we were talking about black friday and i was like i didn't buy anything for myself but i used those sales to like get ahead and get some some hot deals for the gifts so yeah i feel like i feel like my budget was kind of i don't know i feel like i've blown it out a little bit, but I'm not too stressed about it. Yeah. How about you? I have definitely blown out a little bit. Black Friday got me good with things for the most part that I needed and gifts, but still a little more than I kind of expected. But I think, as you said earlier,

I'm trying to be gentle on myself. I have saved a lot of money this year with the lockdowns, which has been a fortunate byproduct of an unfortunate situation. And yeah, like things for myself things for my friends that same as you I just I kind of want to make the end of this year a really good one it's been pretty hectic at the she's on the money office as it has been everywhere and I'm just kind of looking forward to having a good time and so I've yeah yeah I've had to let go a little bit I'm usually really strict on my budget um but I've tried to ease back a little bit and let myself do that good I have another budgeting question for you actually um this one you said you were thinking about moving overseas ebony wants to talk about budgeting for moving

overseas and not working and i know that you guys did a podcast episode on this so definitely worth a listen ebony but have you i know that obviously moving overseas is right now a distant hopeful thought but how much have you thought about it how kind of prepared are you getting knowing that this is something that you want to do? Good question. Look, as I think I've said on the pod before as well, I have wanted to do this since before I was on the podcast for a good three or four years maybe. And then like I got a good job and I was like, I'll stick around for this and I'll go later. And then the Panny D happened and here we are. So, it's still, you know, it still does depend on what is going to happen in the world over the next few months. So, what I've

kind of set myself up with is this decent amount of savings that I'll kind of dedicate to like a London account. So, I've kind of got that little nest egg there already. And then when it comes time, like this isn't something I'm going to be doing next week. I think when it closes in on maybe like the two to four months out from the actual process, that's when I'll start seeing where I'm at, looking at apartments and visas and jobs and all of that. But we'll see how we go. I'm not too far into that process yet. It's still a bit of a pipe dream, but we will see. Oh, I'd love that. I think you'll have the best time. I could just see you being one of those really cool, mysterious girls that sits in a cafe, writing in a notebook, sipping on a coffee

in like some European country. No, I'll be in like Starbucks using their Wi-Fi on Facebook or something. Alrighty. Next question. Do you think it's worth having two jobs, say one full-time and then one casual on the weekends? You're a freelancer, G. So, you, I feel like, have a good perspective on this. Yeah. Gosh, I feel like I'm hogging all of the answers here, Jessica. Do I think it's a good idea? It depends. It depends what you're doing it for, I would say. So if you're doing it for career progression, then I would say big ticks. If you're doing it for financial reasons, because you are very keen to get ahead, or if you need to do it, then of course do it. But I would say it's definitely a trade-off. Like at the moment I work full-time

and then I do She's On The Money and I've just finished my master's. And I have to say like this year has been a slog it's been it's been really hard to juggle all of that and I think you know if I had my time again I don't know that I would work as much as I have and I'm only at the start of my career like who cares um I don't have kids or anything like that like I'm a very I can be selfish and self-centered and put energy into my career but I think it does it does take a toll on your friendships and um you know your romantic relationships so you just you need to know why you're doing it and weigh it up whether or not it's going to be worth it for you does that make sense that felt like a ramble no not at all you're you finished your master's congratulations yeah

thank you but with that happening now do you see things easing back a bit are you planning on maybe winding back the freelance stuff a bit or are you gonna keep going while you can how are you feeling? Cause I know juggling all that stuff sounds like a surefire way to get yourself burnt out really quickly. Yeah. Yeah. Do you have plans to dial it back or are you going to just kind of ride the wave for a bit? Look, the honest answer is I'm working on the cricket. So I'm going to be working every day until February, but except for Christmas day. So that's good. But when we get there, like I pretty much just have a view to go on a holiday in like March and I'm just going to sit on a beach. I'm going to drink a cocktail and cry. I don't know. Um, something

like that. Yeah. I think so. But yeah, that's, I think when I get to that point, then I'll reassess. But for now it's just kind of head down, bum up and push on. But yeah. Is it admirable? I don't know. I feel like working too hard. I don't know about it. As you said, I think it's good if it gets you where you need to go. Like I only stopped working two jobs at the end of last year. I had always worked full-time and then also worked in a retail setting because I've worked retail. That was my first job. I've worked retail since I was 14 and nine months. And as I got older, I always just kept it as a job on the side for a little bit extra cash I'd work on a Sunday because the Sunday rates yeah on point and even there it's nowhere

near the workload like what you've done this year but even that I found quite challenging especially the last few years when as I've kind of grown more into a career role and I'm taking on more responsibility and my workload's a lot higher not having that time to yourself can be really taxing definitely and there are absolutely benefits to it the biggest one for me was financial and that's why I did it um but yeah it can be really hard it can also be really hard I think managing two sets of workplace dynamics which I think is a bit of a weird something you wouldn't necessarily think about so much but especially for me like I was older I am 27 and I was working retail at the good old house of G Glassons for anyone out there did you yeah I worked there for

like six years but it was really hard because it got to the point where I was kind of a little bit older than a lot of the girls that work there fashion retail it's often young girls they like that they can pay the minimum wage I have a lot of thoughts and feelings on this yeah and I mean it was great like I worked with wonderful people but it got to the point where I was just like this is so far removed from my normal job from my normal I guess vibes and people that I work with that I felt quite out of place and I don't know if that's a common thing and it's no reflection on the people that were there it just was very much like we were at completely different stages of life and so you know I on one hand am working in a career role doing things that are really

important to me and then I'm standing behind a counter and saying hi do you want to buy a two dollar tote bag to go with your jeans I hate it when they ask me that question and I'm a real sucker for it as well because I had to do it for so long so I just know and I'm like it's fine there's also that factor as well i think keeping track of two sets of like social things you know there's every workplace has its own little political kind of structure and things that are going on and keeping track of all of that can be a lot as well so yeah yeah i think you're right it depends on what it is it depends on what you do i don't know that either of us were to be honest all that helpful with that question just our big life story still but no i think i think privilege

does come into this discussion for sure. And like, if you need to work that extra job to put food on the table, then do it for sure. Like, you know, it was naive of me just to go straight to the career point perspective. That was naive. No, you're absolutely right. I should have said that before as well. It's a very fortunate position to be in where I'm saying I'm working for money rather than I'm working to feed myself or to feed my family. And I think doing that and all of my little complaints that I just made so much respect for working parents and people who who do do that because it's so common for people out there to have to work incredibly hard just to get by and I have so much admiration for people like that all righty I'm gonna be a little selfish

here for a minute because someone asked a question for me which I was very excited about Kate asked what does my pet budget look like and then she said I just want to give Jess an excuse to talk about daisy thank you so much because i don't do it often enough everyone's probably sick of hearing about my cat at this point if you don't know i adopted a cat this year thanks to the community who helped me find her um to be honest i don't really have a pet specific budget this is actually a question that we get asked a lot about budgeting for pets and pet insurance which we considered doing an episode on but then we kind of thought it might not be that interesting but let us know yeah I do not have pet insurance or a pet budget so I'm actually terrible to answer

both of those questions um the reason I don't have pet insurance is because I have enough money in my emergency fund I did look into it and I am kind of still weighing up the pros and cons obviously Daisy is quite young so it's not a huge issue right now she's also an inside cat is probably worth noting so it's not as if she's outside picking up less from other cats or things like that um in terms of budgeting she's just kind of worked into my general budget so like my allocation for groceries covers food and litter and things of that nature and then my personal splurge money will occasionally be used on her um like the 80 water fountain i am buying her for christmas oh my god stop it i know that's so ridiculous but i just couldn't help myself i

need to see this what should i google cat water fountain fairy tale is the website uh i've been waiting to see if they have a discount code come up the reason i want it is because it's clear daisy being spoiled cat that she is will only drink from a glass she will not drink from a Excuse me, Jessica Ricci, what do you mean? You know how you have a glass of water on your bedside table for you? Yes. There are two glasses of water on my bedside table. There's a tall one for me that she can't reach over,

and there's a short, fat one that she can fit her face in for her so she doesn't have to get up to drink. It's by the bed. Princess Daisy. I've been trying to train her to drink from a bowl, but she's just never done it. And I thought that these little fountains, they're clear, so they look like a glass because i thought maybe she's dumb and she doesn't realize that there's

water in there because she can't see it perhaps perhaps so i thought maybe the sound would work she loves running water it's so unnecessarily bougie but stuff like that as i was saying comes out of like my splurge money i don't have a pet account that's just what works for me though i know that for some people they really want to have like every kind of expense catered for which i totally understand yeah but it's just not for me interesting i want to see content of that fountain please oh my god well i'm gonna be so mad if i buy it and then she doesn't yeah exactly i could spend that money and she could just do the classic cat thing and be like i don't want that i'm just looking at it now it's actually very cheap they do beautiful they have these pet mats that i really

want to get but they're also like 50 and i was just what's a pet mat is that what they you just put it like under their food so that if they're messy eaters or they spill the water it doesn't go on the floor right okay honestly probably really unnecessary but they're beautiful and practical and i want them but i draw the line there yeah okay fair call alexandra asked have we got any new year's goals have you been thinking about it new year new me is it too soon to ask it's not i don't think it's too soon my goodness we're nearly at the end of the year but i would say based on the last two years like I think the most we can do is just keep on keeping on keep smiling keep loving keep laughing um I just think setting any kind of goal is like

just setting yourself up for failure is that too negative that's actually very true the real George comes out when Vicky's not here bizarre what would you say your goals are well I'm in the house I yeah that is my one it's my singular focus right now it's actually a little bit crazy how much I think about I reckon three times a day I log on to the money smart website and just play with the mortgage repayment calculator to be like what can I do how fast can I do it yeah next level it's so exciting though yeah so that and I would love to get my investment portfolio which is currently quite small I'd love to get that up to 10K. I think that would be really exciting. Remains to be seen if I can do

that, but that would probably be my second big one. Incredible. I'm going to jump on that and say that I'm also going to start investing next year. How's that? How's that? It's more positive. You can do it. You've been saying it for so long. I really believe- Time to take the plunge. All right. Hold me to it. Yeah, we will. We'll remind you. Okay. So, Victoria's not here. I thought we could maybe try one or two financing questions with the caveat that we are not financial advisors and this is also not personal advice. I can see us getting some really negative Apple reviews off the back of this, Jessica Ritchie. We're playing with fire. If you think we do a good job, please go leave us

a positive app. If you don't, yeah, exactly. If you don't, just don't worry about it. Just turn it off. So, Julie asked, I have about $10,000 in commission. Should I invest it or put it into savings for a house deposit? Now, as we said, this is not advice. We can't tell you personally what to do. Is it what you would do maybe? Well, yeah, or even how to come to that decision. I think that, you know, as we were just talking about, you can have a goal, absolutely, but you sometimes have to prioritize one over the other. You can achieve anything, but you can't do everything particularly all at once is a quote that I really like. I might have messed that up slightly. So apologies if I did. It sounded good. But I think it's really true. And especially when

it comes to finance, I think that sometimes you've got to kind of go, okay, this is my number one goal that I am focusing on. So talking about me personally, as I've been saying, the house is my goal. Investing is something that's really important to me, but I've scaled back the amount that I have been investing and redirected that into my house deposit because for me, that's my number one goal. And something kind of had to give to be able to get me where I wanted to go in the timeframe that I wanted to do it. I kind of felt like I did need to pick something to focus on. That doesn't mean that it's forever. And once I kind of get on track with that, as I said before, coming back to investing is something that's very important to me but I do think that maybe Julie

you kind of just have to have a look at it and go which goal is more important to you with investing obviously time in the market is money the longer you're there the longer you have time for your money to compound but conversely the market as we said is increasing exponentially so it might be quite challenging to do both and I think potentially the best way to make that decision would be to really look at your goals and really clearly outline what you want to achieve and in what time frame. And hopefully, that will help answer your question. Do you have any thoughts, G? Just a slow clap. Girl, took the words out of my mouth. That was so impressive. Do I sound like Victoria? Is she going to be proud? Yes, that was so good. The only thing I

would add to that would be maybe think about timelines. So, if you're looking at buying a house in 10 years, then perhaps do invest that money. Um, but if we're looking at buying a house in the next couple of years, maybe, maybe don't do that. That's what I would say. George's two cents. I really like it. That's a really great point. Here's one that I personally love to see tips for finding quality items on Depop, thrifting, Facebook marketplace. I don't know if it's good. Gee, you and I both love a secondhand bargain. I feel like if this question was good for anyone it was us and you always are immaculately dressed your style oh stop it how do you how do you find the goods how do you know okay so i'm i was gonna say i'm older than

you i'm not i'm not older than you i feel older than you you're so much hipper and young and cute that's not true at all so you're like the online thrift queen whereas i'm better in store at getting down there and hitting the shops. Yeah. Yeah. Yeah. Yeah. So I love a good op shop. And I think the keys for me would be one, never op shop when you're hung over, you will buy some heinous things that you don't need and they will end up in landfill. The second tip would just be caffeination and dedication and fascination and imagination. I think you, when you're hitting the oppies, you really need to be dedicated to the cause. You need to look in every aisle. You need to play with gender. You need to have fun and you need to be yourself. So, that's my big

advice for opp shopping and hit up like the rich people's suburbs. That is such a good point. The hot old ladies, they're throwing away some fancy stuff that you can pick up for $3. And everything comes around. Like they would have worn it 50 years ago. Exactly. And it's back on trend now. Yes, yes, yes, yes. So, they're my tips. What about you, Depopcoin? Yeah, well, I really love an online secondhand opportunity. And it might be the lazier option because I'm not sitting there rifling through things individually. I tend to stick to brands that I know. And if you've been around for a little bit, you know I'm really big on the concept

of Facebook marketplace manifestation. I am convinced I can manifest any specific thing that I want onto Facebook marketplace. I have done it so many times. And I think that really comes down to, and it goes for Depop or any other online platform as well, keywords. So if you're looking for something from a brand, have the notifications on for that brand. You can do that on Depop. You can do that on Facebook. It'll notify you whenever somebody lists something. Look for descriptions as well, particularly with things like furniture. People might have bought a couch and not remembered where they bought it from. So instead of saying white Ikea Sodom couch, it might say white couch or ikea couch so like kind of looking for those keywords and then when

it comes to fashion i will look for the brands that i know particularly in the sizes that i know because the hard thing about doing it online is you can't try it on obviously you can't always on sell it though so the risk is relatively low but if i want something i will stalk i will stalk depop poshmark facebook all of them uh my dress someone actually asked in the question we posted a really cute photo of me and g um someone asked where the dress i was wearing is from it's from house of cb it's like a 250 dress which is so much money um but i got it on depop for 120 bucks amazing i was stalking the house of cb tag on depop for weeks and weeks and weeks until that turned up so dedication imagination sophistication clarification no you've nailed it i'm yeah dude

maybe you should create a side hustle that's like personal buying with jay rick and people come to you they're like sis find me this chic nignata shirt i don't want to pay more than 200 for it go and then you're assigned three a three week period three to four weeks you find the item and you send out an invoice girl like that could be to be honest i don't know if i'm that good i think you are don't sell yourself short but yeah like really i think it's as you say the asians the dedication the sophistication it's just about getting out there whether you're in store or online doing those things making sure that there's photos and if you're buying online ask them for photos the actual garment because people will often just post the stock image from

the website make sure that you get photos the actual thing so that you can make sure that it hasn't got like tears or fading yeah definitely smart i reckon we've given enough that was a lot of cues what do you think a lot of cues some questionable a's from us a lot of fun to be had all around oh for sure we just do it in victoria no one unless they want actual financial advice well yeah in in that case yeah um but just before we head off we would really like to acknowledge and pay respect to australia's aboriginal and torres strait islander peoples the traditional customs of the lands the waterways and the skies all across australia we thank you for sharing and for caring on 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, especially today. And we promise Victoria Devine, not that she's here, is an authorized representative of Australia Pacific Funds Management, Proprietary Limited, ABN 34132463257 AFSL 339151. Thanks for having us, guys. Bye. Thanks for watching!