She's On The Money - FRIDAY DRINKS: Rich CEO's and Cumquat Jam

Episode Date: July 15, 2021

Happy Friday Bambinis! Lots of fun wins from our community and a real insight into business and pay structure for the 20 highest paid CEO's in Australia! Love you xOur fearless leader and money queen B has written a book! You can order Victoria Devine's book right here!!!!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. Welcome back to another one of our Friday drinks episodes where our entire team, well nearly our entire team, get to celebrate the money wins from our She's On The Money community because there are always so many great ones in the community and great stories which we have a few of for you today. But before we get into the juicy stuff, Toni, take us through what happened on this week's Money Diary.

We spoke to a young woman who, little content warning, has been through an eating disorder and has come through the other side and is now working with other people that have experienced eating disorders and how she aims to work in the space and make a difference to other people and how that's impacted her financially. And it was a really insightful one. But obviously, if that's something that might not sit too well with you at the moment, maybe give it a skip. We've got a few other good ones.

Yeah, there's heaps in there. But it was a really nice chat and she was just super informed in the space that she works in which was so refreshing to hear such like a informed story it was a really special one so if you've got a spare half an hour make sure you give it a listen yeah and if you also have a spare half an hour and a good money story pop on over to our website and fill in our money story submissions and you might find yourself on the podcast juicy speaking of juicy georgia king what was on this Wednesday's episode yes so this Wednesday we spoke about uh how to be a savvy student so that was for kids in high school kids in uni TAFE all of the places that you do the

learning kids you're also in university yeah and I'm a kid buddy we're kids we're young we're hip I just feel like you're probably one of those people that was just a really good student like you were good at money eating ramen like is that right I was extremely frugal and I did I gave away some of my tips on the episode i think what did we have we had student discounts the importance of establishing good money habits early rather than postponing and just doing it when we have a hot income uh the downfalls of after pay as we so often talk about but i wanted to throw it to you guys because v and i spoke about uh our little frugal ways back in the day how did you guys save money when you're at uni i lived at home genius yeah yeah it's like the easiest one the toppest

yeah i wasn't paying rent i wish i still lived home now i think i shared this as a money win earlier in the year but i had a subject where we 100 had to purchase the textbook and you know how textbooks could be literally hundreds of dollars so i just googled the name of it pdf and printed it at office works for six dollars you're welcome that is genius also pay academics better they're smart people thank you i worked three jobs so good girl so she wasn't frugal she was just living her best life but also working all the time is that right yeah pretty much but also funding that best life so yeah yeah absolutely georgia i do have a question for you though talk to me because i feel like you might have been known in your friend circles as being a little bit frugal is that

right uh are you bringing this up because maybe devo told you that no i don't know what was the most frugal thing you ever did during uni i remember instead of like buying lunch with my friends once I just I pretended I wasn't hungry and just ate some some dried mango I found in my bag that is such a poor story why is that the only thing I know wow I feel like that's relatable though if you don't have money but like you were such a good saver that I know you probably could have afforded lunch here's the deal when I I didn't have a job in high school because I did sport 48 times a week not a joke so I I came to part-time work after school we can cut this if it's boring i didn't know we're leaving it leave the content i didn't know that people didn't save

all of their money so i thought i was like behind so i was really frugal because i was like i got to catch up didn't have a job in high school then i realized i was filthy rich i wasn't i wasn't that is not where i thought that was going from someone who was eating dried mango from the bottom I could have been eating caviar, Tom. Well, on that note, Georgia King, let's switch on over back to Jessica Ricci and ask her what we're drinking today. Well, we did a little fridge clear out

because we had some good ones rolling around. So I'm personally drinking the thing that nobody else wanted to drink except me, which is a nice little Moscato that came from Innocent Bystander. People listening going, oh, that's so strange that no one else wanted to drink that. So weird. everyone's just ripping into my drink choices if you follow victoria on instagram you'd know i got

absolutely reamed on my birthday mind you i'm sorry for my beverage of choice which is a vodka sunrise who purchased that for you yeah it was very kind it didn't come without a cost though everyone else i am reaming you because i paid for it i would say that's better than moscato in a can that's fair that's totally i disagree um the rest of the team though sipping on a little matzo's ginger beer again because it is great yeah i was gonna say we're a big fan of the matzo's aren't we western australia's finest it is yeah indeed not bad good size all right ryan take it away what have we got from the community this week today we have the greatest facebook marketplace win of the year oh is that a big statement yeah that's huge it's

not from jess big hole and it's july so six months worth of yeah no one's gonna be marketplace wins Does it involve manifesting? Probably not. They didn't use the word, but, I mean, who's to say? They probably manifested it. Jess will try and claim it. Let's start, though, with Annie, and I think there's going to be a few of these over the next few weeks.

I did my tax last week, kind of forgot I submitted it, found $8,000 extra dollars floating around in my accounts this week. How amazing. How? How do you find $8,000 of extra dollars that you just didn't anticipate coming back? Well, I don't know if maybe Annie got a new job. Annie's probably rich.

Maybe Annie wants to share her accountant's details with everyone. Yeah, her accountant's doing a great job. Annie, are you okay? Come on! We are slow. Nice. Bianca is doing No Spend July, and she said, I normally save $500 a fortnight, which is pretty good as is,

but she said, I've surprised myself. In the first two weeks of No Spend July, an extra $1,250 I've been able to save. I really want to see the breakdown. like what were you spending that on before she said she's only paying bills and like the absolute legal necessities and probably eating mango from the bottom of her handbag georgia that's a hot tip do it if you got to yeah i mean i think i feel like bank is doing it um now this is catrell we recently had our second baby and we've started to you know prepare the house for you know a family

rather than you know just that one little baby and a couple so they bought a big dining table for the house my fiancee tried to put our old tiny table to the curbside however we've been on the hunt for a coffee table and i thought hang on a second i've chopped the legs off to make the small dining table a mini coffee table sanded it back brand new furniture for zero dollars spent now this is heidi i'm gonna put this out there this may be one of the more wholesome money wins we've had i'm excited we've been teaching my eight-year-old son about the value of money and that's like a really hard thing because you know kids don't understand i remember the atm i'm like mom you just go to the machine and it just gives it to you right like yeah like

you just ran out you're just a teenager and i still didn't understand i used to think that um when you got change at a shop it was them giving you the money that you didn't have so like it's nice yeah so like if something was two dollars and you had one dollar they went oh here's the dollar you need like that's what i thought change was and i remember explaining it to my mom and she was all right you ask him and i remember walking up with his headband and being like, I've got $1, this headband's $2, can you give me the change? And they were like, no, babe.

Where is your mother? How old were you when this happened? Would have been like four or five, probably, like little. I thought you were going to say 14. Oh, no way. No. All right, so Heidi said, we've given our eight-year-old son the job of adding up the groceries

at the supermarket as we go. It kind of like counts a running tally of the price. Is he a genius? Yeah, there's probably a few follow-up questions in there. The accountant in the making, he just walks around with his little calculator. He did add his taxes. So every week we have a budget of $200, but since we've been adding it up, it just means when we're in the supermarket,

we're paying a bit more attention to it, so we're less likely to end up going, oh, yeah, just chuck it in, it's fine. We're actually saving $50 a week because we're being more conscious with our spending and we're teaching our son the value of money in the supermarket. I love that. So money tip here, get an eight-year-old to do your taxes and grocery shopping.

Well done. Brooke says, money loss. My yoga studio that I visit two to three times a week is in lockdown because of Sydney. However, they're still taking $70 per fortnight with the direct debit still going through. They can't do that. They definitely can't do that.

Well, Brooke says, I'm now broke and chubby. I feel you, babe. Brooke, send them an email and see if they'll debit what you have already paid for future months because there's no way they can charge you for a service that they physically cannot provide you. So I would definitely send them an email and anyone else who's done the same thing.

A lot of businesses, like when Melbourne went through lockdown, froze your payments. And if they haven't done that, you are definitely entitled to email them and see if they will. Thank you for that, Karen. I mean, Jessica. So rude. Steph said, and a big congratulations to Steph,

I paid off my HECS debt this year. Well done. Good job, Steph. Well done. However, I didn't realise, said Steph, that my employer was continuing to take out money for my hex because you know how it comes out with your pay and stuff like that. Because of this, my tax return was obviously...

Healthy. Oh, yeah. Just got a refund of $15,000. Wow. And it's going straight to shares and ETFs. I love that. Money wins. That is a very good learning for everybody

who's maybe coming up to their hex being fully paid off, that those little things add up and, as we say in the community and as Paul Kelly says, from little things, big things do grow. Don't even try it. You didn't. Oh, my God. How are you so speedy? Have you just got a she's on the money soundboard

in front of you all the time just in case? It'll all make sense in about 14 seconds. All right. But, yeah, money win to potentially reallocate those funds as soon as possible so they don't just get absorbed into your everyday spending. And you wouldn't even notice it. Like, if you didn't ever have a cup of coffee.

Clearly, this girl had it. Yeah, she did. All right, Alison said, I invested for the first time with Spaceship in the Earth portfolio and feeling really good about myself. I deposited $100 and I'm just adding $50 per week. I know it's small, but... Oh, that's why it's on the soundboard.

She also made 50 cents in growth this week. North. Yes, it is. That's good. All right, the final one. Lauren, and I'm going out on a limb and saying the Facebook Marketplace Money Win of the Year. All right, let's hear it.

Actually, first of all, Victoria, how would you describe a car as an asset? Does it appreciate in value? Does it decline? Where are cars at? Yeah, it's a depreciating asset in my... Actually, do you know what? I feel like I'm being taken for a ride in the current climate. In the car right now.

And that you're going to give us a money win about someone making money on a car because the current secondhand car market is wild and people are making a lot of money on cars that last year were worth less why why because of demand so new cars at the moment are really hard to come by so if you're purchasing a new car because of like freight and you know getting it around the world because obviously there aren't that many cars i don't think there are any cars nowadays that are built solely in australia anymore so they're all imported and because of this there are massive weights like i know people who are waiting like six months for new cars whereas historically that hasn't been an issue so

obviously there's more demand for second-hand cars which drives their price up so that's my little inkling on what maybe ryan's gonna tell us about a money win side note i sold my car last week and you're right it did a lot better than i probably should have money win anyway lauren says i bought a car five years ago for eleven thousand five hundred on gumtree eleven thousand five hundred dollars five years ago and we know what car it is that's a long time as well five and like we were saying cars depreciate she was like oh i just need to get rid of it i'll chuck it on facebook marketplace last week it sold for twelve thousand dollars which is a profit of 500 bucks five years after the fact oh my gosh i didn't realize such high value transactions were going

down on marketplaces either i've seen people sell houses oh i've never seen a house people do it That's a lot. My dad sold a car once on Marketplace and I was very happy with him. Well done. Well, anyone wants to beat that, you've got five months. I want to know how much have you made on your second-hand car. It's very niche content, but I feel like it would be real pervy. Well, like you said, the market's going hot,

so there might be a couple of special stories in there, I reckon. It is. It's crazy. Should we do a thread, though, of, like, second-hand car wins or something like that? I just reckon second-hand wins. I want to see what people have, like, flipped things for. so like did you find something at the op shop that you were like oh this is actually like a gorman piece because we've had a few of those money wins in the community before but i want

a whole thread of them like when have you found something that you knew was valuable you bought for cheap and then flipped for expensive yeah and then flip for more money we'll pop it in the facebook is that cute yeah let's do that i'll share the best ones in next week's wins all right we are back and ryan and i have an article that we want to discuss it is called wages of australia's top bosses revealed and i ended up going down an absolute rabbit hole with this one i'll get to that in a hot second you guys better be on the edges of your seats for this but ryan why did you think that this was an interesting piece of content we have the 20 highest paid ceos in australia 20 let's go around the room real quick v and i know the answer how many

ask us how much we get paid because it's not even it's not going to compare to these guys it's going to make me sad how many women do we believe are in the top 20 of this top paid ceos in australia Four. Tony says four. Georgia King. I'll stick to what I said earlier. I said zero. Jessica?

Pessimistic. I hate my health on this answer, but I'm going to say three. The answer is one. Oh, my God. Oh, I was too excited. I thought it must be wrong. One out of 20. Fourth on the list, Shamara.

She's the CEO of Macquarie Group. Talk about bosses. $16.39 million is her salary. What? Annual. And that's not even the top. that's not even the top the top paid ceo of an asx 200 listed company is paul perrault from csl who makes a whopping 43.04 million dollars each and every single year but the kicker is i've

obviously done some calculations guys are you ready also just that's not can we just really confirm that is not net worth that is not oh this is my business that's not actual salary that's your payslip but i have taken that number not assumed how many days he works his ceo is probably busy went through covid probably hasn't taken a break he's probably working 365 days a year if that is the case he has made a total of 117 000 a day what that's a lot of money i knew that the rich people made a lot of money but like i did not comprehend that they make like that is more money than i will pretend like arguably earn in my lifetime and they're making 43 million i reckon pretty good i'm pretty sure the average per person is like two million dollars in a year

in your lifetime yeah yeah for one week so per day he makes 117 000 like each and every single day that doesn't even include the days that he would work we could calculate that as well so the median wage in australia for all people is 55 and the average is 80 so he's well above that a day a day and that's what people earn a year that is shocking the only one that i knew i don't like keep up with who's the ceo of what but the ceo of quantus he's often in the news alan joyce you know especially with covid he pops up he's number 12 on the list 10 million dollars per year and keep in mind that's a lot of money a lot of money for does quantus still have flights like Like, airlines haven't been doing the best business ever,

I would have assumed. Maybe he's normally a bit higher on that list. Yeah, he's normally higher on that list. He's slumped down to $10 million per year. Let me get my tiniest of violins. How will he survive? I know, awful. I also did some more calculating based on Paul Perrault.

I'm not trying to throw this guy under a bus. He's clearly doing a good job. But just the numbers in my head don't add up. And so, you know how before I did the 365 days? Cool. well we're not all working for that hopefully he did take his four weeks of annually which means he probably worked 48 weeks of the year because 52 weeks four weeks he made 895 000 a week like that's too much money 117 000 a day if it's every single day of the year like if you just

divide it but like if you work it out on what is actually working that's nearly 900 000 a week I just look at it from, like, my financial advisor hat because they are actually employed. It's not like they're getting paid into a business. Like, that money is not getting paid into it. Like, it just actually baffles me. Imagine what his tax return looks like. Imagine he was just, like, dawdling down to his account and he's like,

oh, I've got to do my tax return. Here's my group certificate. Like, what? Group certificate. But, like, that's the shocking thing. He would have gotten given a group certificate. He would have been able to log into his ATO portal like everyone else and see that.

He'd be like, oh, sorry, CSL, have you done my group site yet? It's not on the ATO portal yet. Got to do my taxes. Like, that's legit. Oh, my gosh. Maybe he'll be in next week's Money Wins. Hey, guys, I just got my tax back, $4 million? Yeah, crazy.

But coming back to something that is really important to me, and that's obviously women in leadership and leadership positions, and I'm so proud to see that there is a female sitting at number four. Jamara is incredible, right? Like, I've followed her for a while. Bit of a fangirl. she's the CEO of Macquarie Bank. She has been there for, I think, 35 years. She's just a vision, right? Really smart, obviously, but also a leader in her field. And she made at number four,

$16.39 million, which is obviously incredible, but clearly significantly less than others. But that's fine. She's still number four. But the thing that I was interested in, because I went down a little bit of a rabbit hole here, is that she was actually not the highest paid person at Macquarie for the 21th as the CEO yep no it was an executive called Nico Cain who took home a total remuneration package of 26.3 million dollars what does he do he is the head of commodities and global markets business at Macquarie group which is just a fancy name for an executive he does a lot obviously he gets paid really well but I think the thing that really annoyed me here is like there's this really great news story about a woman hitting number four on like the highest paid CEO's

list and then you kind of look a little bit deeper and you see she's not even the highest paid person at her business yet she has been there for the last 35 years yeah she's you know arguably really smart gotten to the point where she's the ceo and yet she is still not the highest paid person in the business despite the fact that every other ceo on that list is the highest paid person in their business well that's what i was going to ask is it really naive of me to think that a CEO is the highest paid person in a company? No, it is absolutely not. And it's really driven by, you know, the values of the business and what's going on. Right. You know, Shamara has actually taken a little bit of a hit because of COVID and she's been trying to make

sure that the business stays afloat and she's been attributed to have, you know, done a whole heap of really great things from Aquarian. I won't get too far into it, but she's done really impressive things. It just kind of baffles me as a woman. I'm not calling it out as like, oh my God, I can't believe it i'm just more like hey did you know that if you start looking even further as much as it sounds really shiny and it sounds really great like to distill it down there's one woman on this list and she's incredible but she's still not the highest paid person in her business despite the fact that the news are putting it up there and being like oh this is such a great news story and it's kind of like it is it's great but also what's going on guys yeah like it's so

strange like it's very strange i get how mathematically it works out because his department might have had bonuses or whatever but just just like you're saying tony the concept that the top dog isn't the highest earner just doesn't make sense especially in big corporate because like you kind of expect it in small business because a lot of small business owners you know are taking the hit or yeah you know reallocating those funds to keep their businesses afloat or maybe to hire their first employee but like in a big corporate in the terms of the food chain ceo is like yeah the top so does this guy like just purely hypothetically if he were to get you know shamara steps down after a huge rain he gets in inverted commas promoted to ceo and then

takes a pay cut there's no way he'd take a promotion in a pay cut though that doesn't make five million dollars more than the ceo wouldn't you rather not be the ceo not have that stress and just oh i guess i'll have to take five million more if i have to money win um i know you said before that shamara has done her bit for covid and tried to help out the business and stuff but have any of these other ceos do you reckon they've reached into their pocket and gone oh to make sure that everyone stays stays employed I'll give them a little bit of a Chrissy bonus or something I'd love a Chrissy bonus to that extent can you imagine anyway um so yes some of them have so but more statistically I haven't looked into it when it comes to like individually I'm sure I

could it would be real pervy maybe I should maybe that's what I get up to in my free time this weekend anyway the typical CEO bonus actually fell a lot in 2020 and it fell to a record low of 31 of the maximum down from 60 in 2019 so i would say that it's halved obviously but i do think yeah it kind of makes me feel a little bit icky when we talk about these big numbers and how much it is and like you know i've calculated that this guy was making 117 000 a day but there were probably people at his business struggling through covid that you know or that were asked to take a 10 pay cut when 10 of 46 million dollars is actually a bit bigger of a chunk than 40 of your 50 grand a year for your low-level employees would you feel it the same though surely your spending

habits like your spending habits cannot match that like and you know what lifestyle creep like as someone who works in wealth like yes absolutely like we're not saying it's it's a bad thing but we are saying like it doesn't you get to a point of saturation i believe where you just can't spend any more money more money doesn't actually do all that much for you in terms of lifestyle and I'm sure it does when it comes to assets and if you're like building big construction businesses and stuff like please don't get me wrong there are definitely reasons to have more but yeah you do reach a point of saturation to have your peak lifestyle and still be able to afford your yacht and everything else and to me it just feels a bit icky because I had

a number of conversations during COVID and after COVID with people in our community because they were being asked to take pay cuts during covid and during lockdown when they knew that their executives or the bosses of the business weren't taking the same pay cuts when in reality those bosses were making so much more so it kind of made sense to reduce their pay by 10 percent yeah knowing what was going on and i it just makes me feel a little bit weird that we're talking about such wealth during a time when people are going through such significant disadvantage yeah gives me the ick like it's just something that I go oh well like you know even in Australia like we are a first world country we still have such a difference between salaries and we see such

differentiation in wealth creation and just access and yeah anyway I won't I won't rant too long we can go on to that money wins and confessions but it's something that really frustrates me because I just know what did you need 43 million dollars for yeah well everybody else that you will work that was working for you or with you was struggling most likely and i mean i'm making these comments having absolutely no idea what they've donated or done or like i don't know them personally but it's just i guess the figures of it make me feel a little bit icky um but yeah let's lighten the mood my friends and talk about money wins and confessions georgie king you look underprepared what have you got i just took a swig of the old matzos yeah called her out mid skull

apologies everyone um okay so i've got i've got two i haven't been on this in ages so i've got a lot to share okay we're ready but we don't have much time do we so i'm gonna quick quick faster so yesterday i was doing some writing at home for something is this a win or a loss this is a win oh great oh no no it's not it's confession oh no this is a ride oh my gosh what a roller coaster in our car that we just made a whole heap of money on So I was working at home, doing some writing for Sotam, and I got like five hours in and I got a little bored. No offence.

I love She's On The Money. We're offended. But I was like, I need to break this up somehow. Did I go for a walk? No. I drove to Kmart, guys. Just to have a look. Just have a little look.

I've never just looked at Kmart. We've all been there. And I didn't just look. Anyway, I walked out with like $30 worth of candles and small vases. And that's pretty good. But, like, a lot of stuff I didn't need. It was an expensive little lunch break. And the other one was that I – this is a money win.

Great. Similar to what we were talking about earlier. Oh, you got $40 million. Well done. Congratulations. $43 million. You're rich. What a win.

She is now the CEO or the she-eo of CSL. Now, I just went to an op shop and saw a ratten, a rattan chair. We don't know if it's ratten or rattan. We don't know. We're not sure. I bought it for $15. and I've been looking at a similar one for, like, $400. So it was a hot win.

That's a definite minus. Thanks, guys. Jessica Ricci, what have you got for the community this week? I have a loss, although now that I'm about to say it, I can't remember if I complained to you guys or if I complained to the podcast community. Are you ready? Here we go.

Car park related, once again. I feel like all my losses are car park related. I tapped to exit the infamous car park last week, and normally I've said before I don't keep money in, like, my spending account because I am notorious for losing my wallet so I don't keep money like in my account I keep it in my savers anyway tap to exit and it charged me $80 for the day right drove out fuming thinking they've messed up again they haven't put my thing in get home going through my emails for the day trying to find my booking so I can send a scathing email to them um turns

out I forgot to book and just drove in and that one's on me oh that is a money loss those are the worst kinds when you're like scathing you're like i'm gonna remediate this this will be fine and then you're like no that was me i have to pay the actual money because it's my fault i can't even yell at anyone about it oh tony what have you got um my boyfriend and i are moving house uh next week a week from today which is very exciting super exciting your new house has a bath yes i'm very very excited about it um so we've been shopping around like our power and internet and all of that, and our internet is going to be $20 cheaper a month. Yeah.

$20. Yep, and way better and faster. Apparently, according to Torbs, I don't know what a gigabit is, but apparently way better, way cheaper. And cheaper. That is a win. Very exciting. Thanks, iiNet.

That is a good money win. That's so good. Ryan, what have you got? What you got? I've achieved an impossible mission. after seven months 14 emails i am no longer a member of anytime fitness did they refund the money or did you just hopefully we'll be next week's win but just one small step at a time they're like oh we'll let you out of your membership and now i'm like

thank you so but uh they have my fixed term contract ended in february and they've taken money out every single fortnight and i've said i do not use your gym i do not wish to keep paying and they went yep cool and they just keep taking money out for six months so we'll see if we get a refund but first step completed very well thank you that's been a long journey that is very very impressive um v let's finish with you okay i have a really wholesome money win are you ready buckle up if you follow me on instagram you already saw this so just tune out now you won't learn anything see you next week um i have kumquat trees in my front garden and i really like them but i never know what to do with kumquats and i've asked a million people and they all say jam right yeah

great i'm not gonna do it like sounds cute too hard basket sterilize all the jars etc just sounds like a slog right so one saturday morning a couple of weeks ago an older gentleman came and knocked on our front door and i was like am what are you doing i still don't have any pants on so i'm running at the front door and he's like oh hi sorry um my name's steve my partner's name's steve real wholesome um can i steal some of your kumquats from your tree oh my god was it steve from the future no i don't think so unless steve got much taller um no it wasn't and i was like oh of course like go for it and he's like i'm gonna make jam my wife and i like we love kumquat jam We saw your kumquats and we were like, oh, of course, go.

And last weekend, went out to my mailbox, there was a big jar of kumquat jam in my mailbox. That's so sweet. And a cute note being like, enjoy it. And it's all dated. And it, honestly, so wholesome. What a sweetheart. That's so good.

That's real neighbourhood vibes. Yeah. Like, it was just really sweet. And I was like, oh, people still do this. Like, anyway, that's my money win. I got free jam. How was the jam? It was so good.

Oh, you've changed your tune. You were very anti-jam-making about 30 seconds ago. I am anti-jam-making, not anti-jam-consuming. Hey, if I were to, because it sounds really great, if I were to grow one of those from scratch, how would I start? Are you doing a joke? From a tree. Oh, no, I think we are done here, guys.

So 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 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. 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 Devine is an authorised representative of Australia Pacific Funds Management, Proprietary Limited, ABN 34132463257, AFSL 339151. You're getting so good at that, J. King.

Very good. See you next week, guys. Certainly taking a year and a half. Bye, guys. Bye. Thank you.