She's On The Money - It Pays Well But It’s Sucking The Life From Me

Episode Date: July 16, 2026

An inheritance? Slay. Inheriting shares but being prohibited from ever selling them? Err… help? This week, Victoria, Bec and Jess unpack Money Dilemmas and DMs galore.  Our first stop: The difference between LICs and ETFs. Plus, a dread many of us know all too well; working at a job that literally sucks the life from you, while dreading the financial implications of leaving.  Join us for another episode of Friday Drinks, where the gang covers burnout, pizza dimensions, and what we thought our lives would be like at 30. Like, did you also think you’d own a horse by now? Weird how things work out.  WANT OUR ETF CHEAT SHEET? Head on over to our resources page to grab a copy.BRB, TUNING IN FROM THE BAHAMAS: Where are you listening from? Tag us on socials @shesonthemoneyausBURNOUT IS REAL: If this episode brought up some issues for you, or if you’re looking for resources to support your mental health, please visit beyondblue.org.au/mental-health. New here? Follow us on Instagram (@shesonthemoneyaus) for Q&As, bite-sized advice, daily money inspo... and relatable money memes that just get you.  Acknowledgement of Country By Nartarsha Bamblett (nartarshabamblett.com.au) The advice shared on She's On The Money is general in nature and does not consider your individual circumstances. She's On The Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Victoria Devine and She's On The Money are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708,  AFSL - 4451289See omnystudio.com/listener for privacy information.

My name is Natasha Bamblett, I'm a proud First Nations woman, and I'm here to acknowledge country. Tii, gilinyan ganya, nianakaka yao yinbina waka, nianakai nianbina yakarumja, duminyagumiga dumiga ithawaka nirawamundamun imalan, mumubangaraboma ininyalan waka, gaunanyakarumja, wutunarana. Hello beautiful friends. We gather on the lands of the Aboriginal people. We thank, acknowledge and respect the Aboriginal people's land that we're gathering on today. Take pleasure in all the land and respect all that you see. She's on the Money podcast acknowledges culture, country, community and connections,

bringing you the tools, knowledge and resources for you to thrive. She's on the money. She's on the money. Hello friends and welcome to She's on the Money, the podcast that makes personal finances fun, especially on a Friday. You, my friend, are here just in time for Friday Drinks, that time of the week where we get together to celebrate our She's On The Money community. I'm Victoria Devine, and joining me today is none other than Bec Syed, who is coming in hot with the broke tips, and Miss Jessica Ricci, who is, as always, here with this week's Money Wins. And, my friends, as always, we are going to be answering your money dilemmas and your DMs, and this week's picks are all about investment.

specifically whether you should continue investing time at a job that you literally hate for long-term financial gains and where to invest when you've inherited a hefty portfolio which I think will be very interesting if you have an intriguing money dilemma we would always love to hear it we just want the tea like ask me what are you going to do about your boyfriend who's cheating on you but you have a house together I want to know I want to know you know I want the juicy goss like if you've got anything that's related to money, I'll take it. If you've got any other goss, I will also take it. So please head on over to the podcast page on she's on the money.com and leave us a message. We listen to every single one of them and some of them end up right here

on the podcast. Now it's been a while, so you're going to have to remind me, could it be, I don't know, time for a five-star review? I think it's exactly time, five-star review o'clock. Oh my God, I just checked my watch. That's crazy. Of course, the time where we bask in the glory of ourselves and the most flattering comments that our community provide us oh my god i'm so excited and look we love to chat but hearing all of you and what you think of the show and what we've covered is it just doesn't get old i'm not gonna lie so if you've been umming and ahhing about leaving a review my friend this is your sign i'm all about signs so this is your sign you can share them with us on apple podcasts on spotify on socials on dms we are really not very picky

all we want to do is bask in the glory of your most flattering comments so this one it comes from lachelle and you know what she says six star review okay pop off queen that is a great start she says she's on the money has genuinely changed my life i'm only 22 but i've been binging the podcast since i started listing at the start of 2025 i used to think my money habits were in a plus. And then I realized that maybe they're more of a B minus. And now I reckon I've brought it back up to a B plus. I'm determined to get my A status back. She's on the money has accompanied me basically everywhere I drive. They are my friends and they are my mentors. I've started investing with Shazzy's in October and I'm almost at my $3,000 milestone. Sometimes when I'm scared

I'm not doing enough or I'm doing the wrong things, I remind myself that I've started earlier than if I let analysis paralysis get in my way and that I am building up my future regardless. I know future me is going to thank me. I want to thank you all as well. I wouldn't have done any of this without you. And then she did three of those love hearts that we used to do on MSN back in the day with the like greater than sign and the number three. Oh, millennial queen. Yeah. My goodness. That's amazing. You have a very bright financial future ahead of you. Absolutely. I wish is like that. We are so proud of you and you are well on your way my queen and congrats on beating analysis paralysis because we don't know her here. No. Big snaps. Yeah big snaps. Now my

friends I have been away for a little while it's just been the two of you but I am back but I want to be in the know. What have our community been asking about? My favorite one was we were asked if the top or the bottom of the pizza was the crust part. Wait what? So if you were going to take a bite if I said take a bite from the top of the piece of pizza would you take a like from the crust or from the pointy bit. Yes. The top of the – what? Where did we land on this?

We agreed. We agreed. The crust was the top. The crust is the handle. Yeah. And the handle's the top? I can't remember. I'm sure we had this conversation.

Do you know what? No, I can't remember what we landed on. Flip it around. Yeah. You might have seen a crust. I don't know. Do you know what? Do you know what?

I reckon the way I'm solving this is if you were to be given a piece of paper and you were to draw a piece of pizza, would the crust be at the top or would you draw the crust at the bottom? At the top. Yeah, okay, it's the top. Yeah, okay. Unquestionably. Yeah, and then you hold up the paper and the piece of, like,

the crust is drawn at the top. It's the top. Yeah, like if I said to hold up a piece of pizza by the, like you're not picking it up by the tip. You're like, don't be ridiculous. But you don't pick everything up by the top. Like if you were to pick up a lamp, would you pick it up by the top of the lamp?

No, you'd pick up by the bottom. I see the logic, but I'm staunch in my belief that the crust is the top. Well, you know what? I'm not going to ask about the other questions because I feel like we would talk about them for the rest of the episode and I'm sad I missed those, kind of. But hopefully this week's question will make up the fact that I missed a few. This one comes from Arnie who asks, the Suddenly 30 movie reboot is officially in development. What would your 13-year-old self expect to see if she woke up as you today?

Is it a bad time to say I haven't seen Suddenly 30? It's where a 13-year-old, get this, wakes up and she's Suddenly 30. Got it. Yep. Understood. So if you were 13 and then you blinked and woke up as Jessica Ricci today. I'm pretty sure at the time I was like by 30 I'll have a big house and a husband and two kids because like obviously I'm going

to have my first kid at like 24 and then I'll have my next kid by like 26 and by 30, yeah. Wow. What crazy logic. I know. And my logic was the same. Keep those children away from me. No, like, I love them.

I love the children. Give me the children as long as I can give them back. No, she wants my kid, but she wants to give it back. Yes. Oh, my God. And she's an angel with my children, but she's also like. Like, I love kids, but one will not be spawning out of me. No, no, no, absolutely.

Are you happy about that? I don't feel any type of way about it. Like, I think I just, I had a very idealized version of what being an adult was and, like, how expensive it was to be an adult and how much responsibility you have. I was like, when I'm an adult, I'm going to drive my own car and wear really cool clothes and nobody's going to tell me what to do. And now I'm like, uh-huh. Now you have adult money and you've got to spend it like an adult.

I know. You're like, that is not the concept of adult money. Yeah, I don't know where my wires got crossed, but this is not what I signed up for. See, I confused adult money with free will. Yeah. Yeah. And those two things were different.

We were going to be eating Froot Loops for breakfast every day. Yes. literally i was like i'm gonna live off mcdonald's like yeah my mom's not gonna tell me what to do when i grow up and now i call and i'm like mom what do i do help me help yeah it's so funny like i feel like if we were told our whole lives that we have to or we should be owning a horse by the time we're 50 then we would be like oh by this stage i thought really sort of own a horse it's like you're just like doing what you want to do at all times i think it's amazing but also that's So Australian, like not to own a horse, we own kangaroos, obviously.

No, we want to own property because it's a great Australian dream. But if you went overseas, would be like, what's your plan? Not many other countries would be like, oh, well, I'll own a home. Like it's just not part of their narrative. The kids, the family, they'd probably be like, oh, I'd rent in a beautiful location. Like we've just been fed this narrative and that narrative somehow becomes our expectations. I know. I have a very different answer.

I didn't even clock that. or I just I knew that like if I was 13 one second ago and just woke up now I would be stoked as hell to be like first of all I'm on this podcast with you guys also you're really hot not to big note myself but I remember like really not liking the way my lips were when I smiled back when I was like when I was like a teenager and I like would love to know that it evened itself out like you know like it really pointed down I don't know how to explain it but I don't know how to explain it but you've got phenomenal lips. Oh, thank you so much.

I would just be stoked as hell. And I really wanted that life of, like, not a sitcom, but, like, where, like, you know, friends are everywhere and, like, I don't know, I just, like, I would be stoked basically is my. You know what? That's amazing. You do, like, as much as you're like, oh, I wish I was better at this or that, like, you have such a wholesome life of, like,

all your friends, like, and you prioritise them and, like, you just live life doing the things that make you happy. Thank you. She'd be proud. I think she'd be pretty happy. What about you? Why not a doctor? Thirteen-year-old me would be like, we did what?

Why? Like public speaking at 13, terrifying. I know that I've said on the podcast before that I used to be like the debating team captain. Hot girl stuff. I did that because I was so nervous to speak in front of groups. And my dad, when he was growing up, he actually had a stutter. and one of the things he did to help that, he did like Toastmasters and public speaking and stuff

so he always was like Victoria, like to get some more confidence you should go and do like, you know, put yourself out of your comfort zone. Debating would be a really good way of doing that. You know, the public speaking like group or the club at school, that would be a really good thing for you. And so I always kind of like followed that but not because I enjoyed it but because I thought I had to

because like, you know, that was good for my development. What do you mean it's my career? dad what have you done so you're on a whole new path yeah and I agree with you Jess I think I had this very stereotypical idea that I'd wake up like I think I'd be confused about why I have babies right now like not because I didn't want kids but why are they not in school yeah like in my head I was meant to have kids when I was like much younger so like if I woke up you know in suddenly 30 and I was today years old, which is nearly 35. Middle-aged as Kiara said. Exactly. Kiara told me the other day I was middle-aged. She said I'm on a Zoom and I think we all just. We were on a Zoom

and we were talking about, I'm going to throw Kiara under the bus to the community that loves her because Kiara is our community manager and she is an angel. Like she reads every single DM and makes sure that you get the resource that you need, right? Like she spends so long even in our group chats on She's On The Money being like, oh, hey, I just got this DM from someone and like I've sent them this and this, but like what else could I provide them with? She's an icon.

She cares about us so much and then she did us dirty. So dirty. She's like, oh, yeah, like the demographics of She's On The Money. Oh, between, I think it was like we were talking about the demographic of between the ages of 25 and 35. she's like yeah like 35 middle-aged and I was like excuse me I'm gonna go jump in front of a car I was like and did you see the way I jumped down I was like Kiera take that back the girl doubled down she was like no no you're old oh god and you know what she said to me the other day she goes

hey Victoria she was filling in a form for me and needed my driver's license and like my age and she goes, did you know you're like a full decade older than me? And I was like, oh, why are you pointing this out? And she goes, because it's really funny. In 10 years, Kiara is going to be like, wow, this is not middle-aged. I can't wait to come for you, Kiara, in 10 years and be like, how's being middle-aged feel? Huh? Huh? Huh?

Anyway, I think 13-year-old me would be confused, but I also think she'd be insanely proud. like how cool would it be like you just explained how proud 13 year old you would be imagine if we could go back and be like hey 13 year old me stop being so self-conscious like every 13 year old is deeply self-conscious and i don't know go back and like pat baby jess and be like it's gonna be all good yeah make it through you're like really sick once you get to 30 like you're actually like real cool. Some dude stopped you in the supermarket the other day and said, are you Jessica from She's on the Money? Incredible. All right. Well, I think that

was a little bit of a throwback. If you guys have a question for us, please send it through. And it definitely doesn't have to be finance related either. As you've just heard, it can literally be about one of your favorite rom-com movies and franchises. We don't care. We're taking all questions. Now, Miss Jessica Rucci, how are they? Has the community had any spectacular money wins this week? Oh, they always do. Firstly this week, Kayla said, I've secured a permanent role within the team I've been working for the last two years on a casual fixed term contract. So I now get extra super and great leave benefits. Money win. Steph said she just bought her first home. Congratulations. And she found six pavers at, I'm pretty sure that's the Bunnings handwriting.

She said they're perfect for stepping stones. What's the Bunnings handwriting, Jess? You really You do be 30, literally. Giant pavers to go in your ground. Yes. Oh, yeah, that is the Bunnings handwriting. Yeah, cute. Oh, yeah, that is. $0.50 a paver.

Oh, my God. So she paid a grand total of $3 to pave her path in her front yard. Oh, that's really cute. Incredible. How good is that? Money win. Jackie said she went to see a new horror movie called Obsession for a dollar, thanks to Uber One.

I really want to see that. I'd pay a dollar to not go. Literally, don't sign me up. Really? I have not watched a horror movie since I was in high school. I can't. But it's more. it's like eerie no that's worse I don't want to be scared at all I'm the same as Jess I do not

like watching movies that carry suspense which is okay kind of funny because I love true crime but like I know that that crime's already happened and done and passed and we're just talking about something that happened you're not like trying to make me suspenseful the second you put me in a situation of suspense like I'm still traumatized from the time and don't ask how this happened I used to have a friend her name was Emily and she loved horror I knew that about her And she was like, do you want to go to the movies one day? And I was like, would love to go to the movies. That would be fantastic.

And she's like, I want to see The Conjuring. Oh, no. And I was like, great. Sounds good. At that point in time, I didn't know what Conjuring was as a word. I didn't know that that was a very, very bad horror movie. Very scary. I get to the cinemas.

I'm excited. I've got my popcorn. I've put my Maltesers in the popcorn. I was there to have a good time. I'm still traumatized. Yeah, to this day. I won't be doing that, but a $1 movie ticket sounds very good. Thank you for the heads up, Jackie.

Then Kylie said, I got an email that said I overpaid my loan and they're refunding me a grand total of 16 cents. You know what, I'll take it. A win is a win, as I like to say. Sorry, what I'm hearing is the loan's paid off, Queen. Yes. Snaps for you. Well done.

Shelby said, my friend from work is doing a kitchen renovation and she's giving me all of the stuff from her kitchen so that she can buy new stuff. So she's gotten quite a lot of kitchen set up out of it And she was looking at buying it anyway. Money win. Genuine money win. Really good money win.

And then lastly this week, Jasmine said she went mini golfing and saw online that there was a family entry price. When they arrived, they tried to charge her family individual ticket prices. So she asked about the family ticket, which they then gave her, which saved her $28. Why wouldn't you have just – It's the fries and the oil of it all. Like you can't assume that they'll tell you the best deal. You've got to know what the best deal is. Yes, so true, which is dog as hell.

And the best deal is usually just on the Maccas app, not sponsored, but like I just order through the Maccas app now. I used to think it was really annoying when you got to the check. That's how I feel. Yeah. When you got to like the drive-thru and they go, are you using the MyMaccas app today? And you go, no. And then you're like, can I just order a McChicken?

Yeah. Jess, the deals. Sorry, I'm not going to give them any more airtime on this podcast. Call me McDonald's. We can do some deals. Yeah. But as a fan of your app. Okay, you really convinced me because I was the same.

I was like, no way. Sorry, I think it was like $17.95 the other day. My sister and I go through drive-thru. She's the one that converted me. She was like, Victoria, you've got to get on this. And like if my sister says something, she's like the cooler version of me. Like, oh, Alex doesn't know I should do it. $17, large chips, large Coke, three burgers.

What? Oh, wow. I don't know why. I don't know why. But we'll take it. Yeah, and we took it and then we shared our chips and our Coke and had 1.5 burgers each. Anyway, moving on from that, that is literally so good. Ms. Bec Syed. Yes. Some of our broke tips are the catalyst for good money wins. And with that said,

it is time for you to share your best broke tips of the week. Of course. So this first one comes from, okay, Jess, I see what you mean now about these nickname things. So this one comes from Enthusiastic Arugula 8652 Gorgeous name. Nah. I've been... Nah.

I'm sorry you all know how I feel about this. I don't like it at all. I know. But maybe that is their name. For those... It is absolutely not. It is absolutely not.

But also... Why? I don't know. And, like, are they made up, I wonder? Like, does, like, it's auto-generated? It automatically generates them.

That's why they all kind of follow the same, like, convention. There's usually, like, a fruit or a vegetable or an animal. Yeah. And like a verb or a noun. And also just to be very clear with our community, I banned anonymous posts in our Facebook group.

And a lot of people are like, well, that's not fair. Like, you know, I've got friends or family in the Facebook group and I don't want to share with them. Okay. I fully get that. But more often than not, when it came to anonymous comments and anonymous questions, they were anonymous because they were incredibly specific. And you were like, well, I don't want to put my name to it. But if that's the question and it is too specific, that then borders on us giving financial advice and breaching our financial services license.

But then on the other flip side, I have built this, Ken, I am very staunch about this. And Jess, I know you are too. We have built this community as a community. We support each other. We do not do that anonymously. Like if you've got something to say in our community, say it with your full chest. If you're going to congratulate somebody on their, you know, money win or their confession, say it with your name. That is incredible.

If you need to use an anonymous profile, why? Is it because you're saying something not so kind? And I'm seeing so many unkind comments pop up now that you guys can control the narrative of being anonymous. I'm just a deleting queen. I'll delete you. Fair enough. I'll delete stuff. I'll block stuff.

Also, as the admin of this group, I can see. I can see who you are. Oh, we know who you are. Just to be very clear. Like, if you think going anonymous means it hides from everyone, it does, except for the admins of that group. Wow. Okay.

I see you. I see that that's not very kind. I just blocked and deleted you from our community. That sounds really harsh. No. But you're not kind. You're not welcome. Sorry.

Fair enough. Absolutely. Sorry. Bye. Anyway, broke tip from anonymous arugula. Anonymous arugula. so anonymous arugula says i've been using my credits at coles and woolies for the free cookware i don't need the cookware so instead i've been listing them on marketplace i've done

this three times and each time i've had over 10 people contact me within an hour sold three saucepans and fry pan at 30 each i didn't know you could do that you can use credits at coles and woolies for free cookware money win which is also great if you just like are literally like me and and haven't purchased a new fry pan in a long time like the cookware will come in very handy That's incredible. Are non-stick fry pans a myth? Oh, I'm going to overtake this whole podcast. I can't.

You're allowed. I've got questions. We can talk about this offline because my current non-stick fry pans are very stick. Yes. And Jess, you've seen my fry pans. I'm not going to say the brand because they'll be pretty annoyed at me. I paid full price for them, but I'm not going to throw them under a bus. But they are very expensive pans.

I keep buying pans and they keep not panning. I know. I'm telling you. I don't understand. The best, I've used all of them. I use the ones where you have to season them. You can't wash them. It's a whole thing.

But the best fry pans are the $7 ones from Kmart, and they always will be and they always have been. Really? They are so good. I'm going to have to become a convert because I'm going to have to throw a fry pan through my back window. Literally. I'm telling you right now.

Trust me. And you can't even go wrong. You know, some of them you've got to heat them up to a certain level. You've got to make sure that you don't do anything. Girl, I bought the expensive ceramic non-stick ones because I was trying to be healthy. Why you stick? Yeah.

Why did I use half a cup of oil? You still stick. This is my question of the week. If you've owned your fry pans for at least a year, because I feel like they have a period where they're good and then they just go to hell. Nut Queen, that's expensive. I do not want to be buying them every year. If you've had your fry pans for at least three years, they're still good.

You really rate them. Slide into our DMs. Yeah. Pop it in the Spotify comments, please, because I need a recommendation. Anyway. The cheap ones. The K-1 ones, I tell you. I might try the freebies from Kohl's.

That's true. If it's free, does it matter if it becomes non-stick? Totally. This next one comes from Kelly, who says, just a reminder that you can convert your Telstra points to Woolworths gift cards. Did mine this week and got $170 in gift cards for our groceries. I did not know that. Genius. That's so good. I don't even know what Telstra points are, but I'm assuming if you have a Telstra phone or a Telstra internet plan, you know what they are. And so hopefully that's helpful for you. Exactly. And what's your break tip, my friend?

There's this couple that went to a public library to book their flights and they said it's like, it works out cheaper. And then someone stitched that video and said, hey, I tried it. It works. So it must be something like the, I don't know, you know, when you like log in and you like try and anonymized, maybe. Yes. And so like when you like try and find flights on your own laptop and then you go back to try and find them again, they're like more expensive. But if you go to a public library, apparently it's just like, I don't know if it's like

the cheapest you can find, but it's like very, very cheap or it's like at least very reasonably priced. So definitely try that. If you're not having luck on your own laptop, go to a public library and do it. I love it. I literally only use, like I only book flights in incognito mode on my laptop. Anyway, that's pretty exciting and I just don't know how you discovered that. Like how someone was like, oh, the flights are expensive at home.

I'm going to go see if they're cheaper at the library. I know, totally. I'm sure that would have been an accident and sometimes we do find the best bro tips by accident. After the break, we will be discussing a money dilemma about shares, specifically shares that have landed right in your lap. So guys, don't go anywhere. Welcome back, everybody. Let's take a listen to this week's Money Dilemma.

Hi there. Have you got a money dilemma you just can't solve? The She's On The Money team is here to help. Every week, we tackle your dilemmas, both big and small, to answer your most burning money, career and life questions. To get involved, simply head to our website and leave us a short voice recording and you might just find yourself on the show.

Now, let's take a listen to this week's Money Dilemma. Hi, she's on the money. I've got a question regarding shares. I was gifted some shares when I turned 18, which I thought were ETFs, but turns out that they are LICs or listed investment company shares in Argo. The condition of getting them as a gift is that I can't sell them and they're currently staying at about $40,000, which is pretty good. But just wondering what the difference is and should I actually be continuing to put money into this or should I be focusing on ETFs, is there a big difference in the money I'm going to make? Thank you. I'm going to say I don't really know. No, I don't know. The answer to this one,

and I might just pass that one right across to Victoria. What about Bec? I mean, if you'd like it, I can pass it to you instead. I do know the answer, but I... So I'm very happy to take one for the team. Please. You know what? It is so nice to still be wanted and needed. And sometimes you answered the question so well that I'm like, I guess I'll see myself out. So a listed investment company versus an exchange traded fund basically boils down to a choice between active management, which is usually focused on creating a reliable income, and then passive management that is focused on tracking the market at a low cost, which is an ETF. So that's an active and passive. as of I guess this year that investment Argo is one of you would say Australia's largest

LICs which actually has about eight billion dollars in it which is not something that I don't know if you've never heard of it you might be like oh risky oh I don't know like I don't know what Argo is like it's pretty damn big so it's not a risky investment and to have $40,000 in it. Snaps for you. That's incredible. But when it comes down to, I guess, Argo and not being able to sell it, they are a closed end company. So unlike an ETF that you can just like, which is open ended, you can just jump on, tracks the market, sell it tomorrow. This means that Argo has a fixed number of shares, which does trade on the ASX like any other stock, but the share price can trade at a discount. So it's cheaper or a premium, which is more expensive to its net

tangible assets, which is an NTA of its actual value. So it's different management style. I'm interested as to why you're not allowed to sell it. If that makes sense, like they've got a pretty good like active management fee. So on Argo, you're looking at maybe 0.14%, whereas a ETF is maybe 0.10 percent so like not that much of a difference but why can't you sell it like could it be a condition of like if it was an inheritance could it be you inherit this yeah let's go with that because it might be like i can't sell it because of this but the tax implications on those assets are the same like you know if you've held that asset for more than 12 months you'll get your cgt 50 discount as of right now that might change in a year but in saying that

it's important to know that those changes won't affect your existing portfolio. They'll be called grandfathered. So you might've heard this term flying around, but grandfathering basically means, hey, Bec, if you owned this asset today and you want to sell it tomorrow, but we changed the rules tomorrow, you still get to use the old rules because we're not going to like pull the rug out from underneath you. But if you want to go and purchase, you know, a new asset next week and the rules have changed, you have to abide by the new rules. And you go, okay, no worries. So the rules should be the same on both. But if you're saying, oh, do I keep investing into this asset? Well, that's a purely personal question, right? Because

it's not an issue of whether you have ETFs or this managed portfolio. It's more like, does it align to your goals? Does it align to your values? Did you want to diversify further and have more ETFs? Also, if you're going to keep investing, the rules might change later down the track, but it will only change for the assets that you purchase after that date. So for me, a little from column A, a little from column B, they're both genuine assets that people invest in on the ASX. Is an LIC the same as an ETF in that it invests in many things? Yes, it can be. So Argo Investments, they then pick a lot more. Their liquidity is high, which is why I'm kind of confused about her saying I can't sell them maybe it's just because it was purchased by somebody

else and it was a gift and you obviously wouldn't sell a gift and get rid of it but yes they are very similar in that aspect it's just very active management like it's a listed company and you know you get fully franked income from it above high capital growth so wait can she just never sell it we don't know well we don't know like if I like I could go and purchase I'll go today like I could jump on my phone, open my shares exam and purchase some Argo and that would be good, but that's an LIC, not an ETF. It's just a different asset. It's like how Jess could go and buy a direct share or an ETF should purchase it in exactly the same way. Same with REITs, so real estate investment trusts. Like you could go and buy one of those on the ASX or you could

buy a bond. There are lots of different things that are for sale on the ASX. They're not all made the same. They're not all equal, but they trade the same. So that's why I'm a bit confused about her inability to dispose of that asset. Got you, got you, got you. Should we get into this week's juicy DM though? Absolutely. And I might do some more research on Argo from a personal perspective.

I'm like, why have you got that? Should I have that? I feel that way every time someone mentions something I don't own. Anyway, we are going to look into my DMs. Every week we unpack a dilemma from our DMs and this one describes being caught between a rock and a hard place.

Hi, she's on the money. I have a community question. I currently am in a really well-paying mining job, which has changed my money story and helped me get out of debt and start investing. However, it was never meant to be a permanent fix as I have a uni degree that I want to follow. My mine is closing in two years and my original plan was to stay until it closed and then follow my dream career. But lately I have found the site is literally sucking the life out of me. I find myself mentally and physically drained after a week of work, I'm calling in sick, I'm crying in the bathrooms, and I genuinely just dread going to

work. I really want to leave. My issue, though, is if I dip out of my plans early, I'm quite literally missing out on $300,000 plus over a two-year period, not including what I get from my investments, my bank interest, my superannuation, which in today's financial climate seems very risky and scares the living daylights out of me. My question is, what would most people do? dip out of my financial plan early and lose that amount of money or tolerate for the long-term gain. What would you guys do? I am curious about the $300,000. Are they taking like- In salary. I reckon she's earning 150 grand a year. Okay. In that case, of course leave. But I know, I understand it feels like a huge amount of money,

but I'm like, also with that kind of salary and maybe with the experience you've gained, like do you have to stay there like can you look for a similar job but just like with a completely different team it travels somewhere else in Australia you know what I mean I feel like that your main priority should be to definitely look elsewhere because I totally know that feeling like crying in the bathrooms you're like sick to your stomach you don't want to go like you don't want to like sacrifice your mental health because it also it feels like right now it's you know I'll eventually I'll be fine but that long-term negative effect like it doesn't just feel like I'm just going to be anxious until I finish it's like that will bleed into like every part of your life and

you might like not even realize it right now but you'll be maybe isolating yourself maybe you will come back to feeling better one day and then be like where do my friends go all these things will just bleed into other things I think that your mental health is always number one always so try and find a job that's within I guess like maybe the same sector but just a different team or something even if it's like a pay cut it really doesn't matter if it's like you're working and there's a big bonus of $300,000, maybe that would change my answer. But if it's salary, you can find that or even something within that, even if it's 90K.

I'm interpreting her message, though, she said that she could leave and she would take a pay cut and that pay cut would result. So my understanding of her message is that in taking a new job, she's sacrificing $300,000 of additional income. Yeah, okay. Not she earns $150,000 a year. I see. And I thought that was good.

She's on an even better wicket. Well, yeah, but that's just how, based on what she said, my assumption. Even then, I think I would, yeah, I would bounce for sure. Because it's just, it's like, what is money? It's a man-made thing. Your mental health is most important. I agree. I think that's the correct answer.

Like, it's the answer I, like, I think you've got to prioritize your mental health. And I agree with everything that you said. If you're asking what I personally would do, I fear I'm sticking it out. like to be completely honest I think I'm someone who's quite good at compartmentalizing and I think as well that's terrifying yeah I think I look at it as short-term pain long-term gain like I talk about that right now like I'm working two jobs and I'm working more than I need to for sure and it's definitely stretching me out kind of quite a bit but I'm going same as our listener I have an end I'm doing it through till when my house build is done and I'm going short-term pain

long-term gain. It'll have been about a year by the time it's all done. And it's not been the easiest, but at the same time, I think I'm prioritizing that goal. Because it's making you deeply depressed, maybe. I was going to say, very different. You know, I have worked jobs where I have been pretty miserable. You would tell me, right? Yeah, no. I was like, when I think about COVID or something like that, when I was depressed, and it was, I mean, it's a little bit different because it was a very different job market and

all those sorts of things but that's just who I am as a person yeah and I don't necessarily condone that and that's why I said I don't think my answer is the correct answer I think like in an ideal world everyone absolutely puts their mental health first because you're so bright it affects everything but also like if I'm being really honest there's not a lot I wouldn't do for 300 grand do you know what I mean like the way that that could set you up what else like what's the base. So where's the bar? It doesn't exist. What can I get out of this? Yeah. What about you V? What do you think? Oh, you guys, I want more context. Not because I want more context, but like it sounds like you're burning out. It also sounds like you used to love this job and now you don't.

What's changed? Like, is there somebody at work that's being nasty to you? If you're going in the bathrooms, my queen, obviously I want you to leave. But like, you're asking like, do I just push through but like what are we pushing through like do we need to go talk to HR yeah like do we need to fix something about this role or are you genuinely just like burnt out from work and like it's overwhelming and all-consuming and like that's what's yeah like FIFO is tough it's very demanding yeah like do you need to take some stress leave or do you need to talk to your work about some reduced hours like if we take Jess's assumption that it's an additional 300 grand yes that's a lot of money but like reduced hours you'd still be earning a lot of money so do you want to

do reduced hours for that period of time do you know what I mean is there some flexibility in this and I think there's probably two questions here is this burnout that maybe could improve with some leave and showing yourself some grace something that I feel like I have to remind my friends at the moment is that your annual leave isn't just for holidays like you could take a week and rot on your couch maybe that's the best thing that you do for your health and your mental health and your life so could we pull some levers there or has this crossed into this is fundamentally costing me too much of myself at which point we are absolutely opting out yeah like I think that that's a really big question because more money obviously buys more freedom and safety and options

but there's also a point where no salary can actually compensate for your mental health deteriorating long term. So, yeah, there are a lot of questions that I have. And is there any type of like EAP program at your work that you could maybe touch base with and be like, hey, I am struggling, what is going on? And your EAP program, in a mining company, I can almost guarantee they have it because you're not the only person

in mining who's had mental health issues. It should be completely anonymous. like you can call up have a chat with a therapist have a chat with somebody for free to see where you're at which is probably where I would be at because like you're already changing your money story by doing this and maybe you're going to shoot yourself in the foot for turning up to your next career with your best foot forward by being burnt out so like what are we doing what are we doing like let's get our stuff together but like let's make a plan true what did everyone else say so first we asked our community have you ever stayed in a job purely

for the financial upside even if it was impacting your well-being. I feel like the number's got to be high. Yeah 77% of you said you did. Fair enough. What's the bigger risk we asked? Leaving early and missing out financially or staying somewhere that is draining you and you guys at 53% said the bigger risk was leaving early and missing out financially and then 47% said staying somewhere that is draining you. We then went to the community and obviously said guys what's your two cents? very similar to what we are saying also people are saying you wouldn't continue to run on a broken leg mental health and well-being is a priority because it will just get worse yeah very true someone else said reap the financial benefits and try to find the light outside of

work to fill your cup how are you doing that someone said two years in the grand scheme of things is quite short break it up into six month slots and find joy outside another person said it's not actually $300,000 as a loss if you find another job that you enjoy for the next two years and build a thriving career. Good point. Someone else said, could that $300,000 be offset with any new job earnings or is that the bonus amount for staying? They've got questions as well. Another person said, don't forget the longer you are out of uni and not in a related job, the harder it is going to get. Also, that you'll always be two years behind in the actual career you want to start it's true yeah I find this to be like self-perpetuating when I talk to other

people in similar situations they're like I'm giving and you know your mind's closing in two years so this is actually a legitimate like deadline yeah but like people will be like I'll give it another year and then I'll take the pay cut are you actually going to take the pay cut then or are you going to find another job in mining because the money's just too damn good yeah someone else said start looking for other jobs and leave when you have secured something else. And another person said, we appreciate the highs when we experience the lows. So maybe sticking it out would mean that you will appreciate your career. Interesting perspective. I think in the future. I thought that was interesting too. And we always share like a diverse range of

responses. And then someone else said, please just care for your mental health. And I think that that's where I would like to leave it, my friends. Yeah. Love it. Sending you lots of love. Hope you're okay. All right, my friends, unfortunately, that is all we have time for today if you enjoyed this episode i would love it if you told your friend you told your neighbor maybe you just tell your cat i don't care tell someone by the water cooler at work if they're still going to the water cooler these days thank you for being part of our community and tuning in on probably like your morning walk yeah your hot girl commute to work or we're doing this fun new thing on instagram show us where you're listening from yes in a story we're gonna start we're trying

to collect a collage of like all the fun different places people are listening from so tag us if there's a location on it even better i want we're trying to see what the most exotic random place is yeah so cute get tagging and please if you're reading my book add it to the list because i have been tagged in some fun book pictures of people like on their holidays reading she's on the money and i'm like girl is that the bahamas yeah so slight anyway we appreciate you and we will see you next week with a brand new money diary take care and have the best weekend Bye, guys. Bye.

The advice shared on She's On The Money is general in nature and does not consider your individual circumstances. She's On The Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs.

Victoria Devine and She's On The Money are authorised representatives of MoneySherpa Pty Ltd ABN 321 649 27708 AFSL 451 289.