She's On The Money Radio Recap - 15 October

She's on the Money Radio Show.

With Victoria Divine.

Now.

Hello, welcome to the She's on the Money Radio Show podcast. The radio show podcast for millennials who want financial freedom.

Help me?

I want financial freedom?

You can have it, Congratulations.

Do you want some to apparently have been given away? Throw some my way?

You know what I realized, guys, what's that funny? We are broadcasting and attracting three different generations here. Victoria is a millennial.

Here we got my mum listens to the show.

You've ruined his burn mate, he's gonna say that I am Victoria.

I set you up, all right, so we can laugh at Trav. Guys, you ruin it.

Here's what we're going to do, all right, because we're going to no, no, We're going to do point for she is beautiful. Let's do an edit point here and when we go live to where guys, it will sound fantasmic.

Travit's not worth it.

That's such a gen boomer thing to say.

On TikTok.

Recently, they're talking about the millennial break, which is that when you're watching video content online the older generations, which I falled into and I didn't realize I do this. If they post video content, there's like a half a second before they actually start filming because they're waiting for the camera to turn on gen zs they just go

Like, oh, I didn't. I don't have that. What are you talking about?

Reviewed all my videos definitely have it so great I'm old.

You know. The funny thing is it's when you actually have those glasses just over the point of your nose there and you're like, is the camera on yet?

No?

No, no. I love that.

It's the authentic part of me. I don't usually go on camera with my glasses. Can you talk about that?

Sorry? Mate?

Hey what we can talk about is saving people money, which we did on the show.

I feel like this episode was really good. We had some good callers, but all of the money wins that I'm like, hey, here's some super safer Saturday tips. They're just basically me telling you how bad I am at money and giving you three tips that I need to implement. So it's all good. It's all good, but like it's very self deprecating.

So anyway, she's on the money radio community. If you could please jump online to socials and give us your tips so it's not all about Victoria next.

S Reuly, I can't be the only one that's getting a little bit lax with their financial goals at the end of the year. I feel like I'm falling off the train.

But sol a lot of people.

So I was going to say the same thing.

Yeah, everyone's the same bee that.

Was only around the corner, isn't it scary?

Yeah?

That was one of your tips, though, is like getting on the train?

No, it wasn't. It absolutely wasn't. But Junozin came out the other day. They're selling Christmas trees already, no doubt. Advent Calendar's already for sale. Christmas decorations. There are the front dancing Santa's. You can pick one up really easily.

Now, see, as soon as Halloween is finished, then it is all on like Donkey Kong.

Okay, but Halloween is not done. It's not even Halloween yet, and the Christmas stuff is out. Is that what's meant to be scary?

They're like coming to Kenymart. This Christmas stuff and it's Halloween. This is as scary as hell.

And the funny thing is it's for Christmas twenty twenty three, Victoria. All that shit is already all right, let's get into a guy's that.

She's on the Money radio show starts right now, pushing play.

Oh god, that's such a movie thing to say, pressing play on my recorder?

Right, mald did you.

Ever tape songs off the radio and then get annoyed when the radio DJ's Mitch would like sing you like, stop it, I'm trying to hear this song.

Yeah, or they'd like watermark their songs.

God.

Also, this is still in the show right. Our producer just barged in, we were done.

Mel, get out.

We trying to do a radio shot.

Well you're not even important, mate.

Stop it.

Don't say that, Mel mn Oh god, thank you Mel. And you know what, Mel, I'm your witness.

Also, I'll agree, what a pity.

This just accidentally got edited out. No it didn't, No, it didn't.

Show starts now.

I think we're having a very adult conversation now, and we talk about it, aren't we. Yeah, finance is a very adult conversation. But V were showing you something on her phone in a hidden folder, and V, I'll let you take it from here, because those photos were revealing it.

I wasn't going to tell anybody in that calculator app.

Is that not what we're talking.

About, Surete? If that's okay?

So of course I have written a book about it. Our mates are doing it. It feels like everyone's doing it. Today we are going to be talking about investing. Obviously I didn't write a book about cryptocurrency investing, but we're going to talk about it today because it seems like every man, his dog and celebrity is investing in cryptocurrency or being sued for posting cryptocurrency.

Yes programs on the internet.

It just seems like a spicy topic we should cover, and I mean anything to get Kim Kardashian on the show.

I guess like so many people are out there, they're throwing around like, oh, you've.

Got to invest in crypto.

But Mitchie and I are always trying to press you for you know, all these investing tips for the show. That's really for us, So what kind of stuff?

I already knew it was for you because you never ask on air You're always like after you, Oh.

Can we pay for your coffee after the show?

Yeah?

So what is your investment portfolio made up of?

We winds, a lot of easy shoes and designer balanc Yagger bags. That's a good investment, right, same mind's mate, Chanel.

We pay for that coffee with money we make from your investing advice mates.

So what are so welcome?

What are we investing in?

What's something that our listeners and our community can actually invest in that's going to make an actual money.

You can invest in literally anything, And I mean it would be a breach of the ACIC guidelines for me to say, oh, this is the thing that you can invest in. But it's one of those things that it's different for everybody. It could be you investing in having a good emergency fund, because I think that that's my number one rule of life. Every single person, regardless of who you are or what you do, you need an emergency fund.

What do you mean, like like a little wad of cash in case you have a carbing or you get sick.

Yeah, a little bit of casholer off to the side, and it's kind of like a fund that gets you out of jail. It's like they get out of jail free card inn where you know, if you find yourself in a little bit of a pickle, you can just whip it out and be like.

Ha ha ha, how much you had me?

How much?

It really depends.

So if you're a UNI student, you're still at home and you don't have like that many overheads, maybe five.

Hundred bucks stashed to the side is more than sufficient.

But if you're a mum of two and you're currently driving the kids to footy practice, and you've got a mortgage, and you've got a couple of cars on the road, and you're a single income household, well that's going to look really different, right. But let's get some rules in place, because I feel like guidelines are very helpful. And if you don't have an emergency fund or you're wondering where do I start, I would say with about three months

You are covered.

And I remember you were telling us a few months ago that it's as easy as taking that extra money every single month or whatever is from your salary after your expenses and put that away, because that's not free money, Like Mitch Cheery thinks.

No such thing as free money. We put every single dollar we earn to work.

No, no, no free money.

You know, when you're driving your car and you go to Macas and you put your hand in between the seat and like the cup holders, and you find a two dollar coin, that's my free money, No free.

Money, free money. That was your money did out of the blue. It's free money, okay.

But like you know what's more free money when you download the macas app and actually use that to get free food, so you didn't have to use the two dollar coin.

Yes, yes, yes, not sponsored.

It's actually not sponsored. I just love a Maca's diet coke, you know. But it's amazing how investing is so accessible now, because I feel like historically there's just been this misconception that investing is only for the rich, right, and like twenty years ago, if you wanted to go into like a managed fund or something fancy like that it might have cost you twenty thousand dollars to break into that.

Shares is right.

It is an investment app that you can just download and you can invest in fractions of shares instead of having to buy the whole share, which you know might be out of budget or might not be aligned to your values. At this point, you can buy like a fraction of it and you can invest on their platform in heaps of stuff you can, So.

It's a share of a share.

It's a share of a shares. Why they're called chezis go figure.

But also you can invest with as little as one sense, So investing nowadays is not unaccessible like in fact, I can't make it more accessible.

That's the lowest of the.

Low All right, let's do this thirty one to six five. What have you invested in that's given you a little bit of a win. We just want to steal some tips for us, Let's be honest. But it could be you know something that you stumbled onto like a chas ease.

You know anything, or is it actually investing apps? Because I bought a dress a while ago.

No, no good, it's different.

Let me finish. I bought it it was on sale at the shop. I wore it to my.

Event and then I had every intention of selling it on Facebook marketplace.

But before I did that, I looked up what others were selling it for. Sold it for more than what I paid for it. Got to wear the dress.

Fantastic like investment, Like those people that go to yard sales and like scan the little thing and go, oh my god, this is three bucks, but it's actually fifteen hundred bucks in real life.

That's me either.

But that's the kind of stuff we want to hear wins, even losses, even if you're like, absolutely.

Talk to us about your investment.

Let's do it. Thirty one oh six y five, going to take your calls.

Next it's She's on the Money radio show with Australia's number one finance podcast and Mitschury.

No, it's I just wanted to free.

Well, Victoria, you know I did talk about cash. It was money cash, you know, the gold coins of the chocolate.

I did speak about that.

So maybe I am a finance podcast.

I'm getting married soon.

Maybe that can be the BOMBANNERI I just give everyone a gold calls chocolate coins, Eddie.

Or Victoria, no one knows what a bombay.

I was going to say, what the hell is that?

I'm going to continue not to know because that wasn't in the budget for my wedding.

No one's smashing plates as well, is there?

Okay?

I'm doing like I'm not even having a wedding cake. What a waste of money, Tory.

Instead of a flower girl, you're gonna have a little girl with gold just throwingly crown.

Hear me out. I'm having a flower dog, my dog.

You are.

I love it.

Hey, if Lucy goes out of control start smashing stuff up, it's going to be okay because she's on the Money radio shows brought to you thanks to Budget Direct winner a can Stars Insurer of the Year Award twenty twenty two Budget Direct Insurance sold talking about investment wins and losses here guy.

Yeah, we want to know your investment wins or losses because it can be a tricky thing, right, Victoria. You think it's easy, but there's same laws involved, and there's like you put a lot of money in and there's even bigger losses. So thirteen one oh six y five. I think we've got back on the line. You've got a story, Hey.

Back, Okay. My investing story sort of happened about six months into COVID, where, like a lot of people, I was worried about my small business and the effects of all the restrictions I was going to have on that. And I did have a bit of savings. I'd sold a property and an opportunity came up to get involved in a sector that I'd never been involved with before, which was a health food store. So I actually invested all of my savings and became a twenty five percent owner in health fridge store.

Took a risk and yeah, so.

Far earning about one thousand dollars a week passive income and in four days time about to open the second one.

Look at.

Oh my gosh, what is this company called? So we can give you a little steaky.

Plus, Well, we're actually based in Queensland and it's the Tweed health food store that was.

And I love Tweed. Tweet's a great little area. It's a little beach.

Yes really it really is.

This snapper I love that place.

Right, So that's just called to humble brag and get a free plug. That is like I.

Am bragging here, but no so far it's definitely a win.

And money's all about bragging and I brag about you too.

I love it all right, Russell's given us call th when six five mate? What is your investment win or loss?

Oh? Look, I've had an eventful sort of a few years. It's the end in my career. I think being an AFL player is sort of get a little bit extra and they get more now, I might add than when I was playing.

We're talking about bragging on the shows to cash AFL player calling up to let us know that he's an AFRY What did you invest in apart from your footy career?

I was kind of lucky at the end of my career. I had a mate who had a really great idea of concept for an app. It's called team App, which was really in the early days, an idea around creating a social Facebook type thing for each club, something that they could call their own.

That's massive.

My partner us is that Good Olds and Kevin's Old Boys soccer club.

Yeah, no, they kill it.

So you put some of your cash into that, Russell, Yeah, put some.

Money in and look it was a real it's not small amounts cash. When you're creating something that's kind of decent on in the app space, you've got to be willing to throw some money behind it. We did that and we sold.

So really thanks.

It's nice to know that our community are making some money, and probably off of the advice of one Victoria Devine.

I'd say I think that's right.

Speaking of making money, though, coming up next, we've got a money dilemma. George just hit us up at she's on the Money on socials, which you can do as well. She wants to buy an investment property, I believe, and she wants to know all the ins and outs. Victoria up for that.

I am always up for that.

I love talking about investing in a holiday home and I want to know more about it. To be honest, I get real pervy when people start to talk about property. I'm like, you got the domain link or not?

This is She's on the Money radio show.

Let's do this. Yeah.

Every week what we do is we bring someone's financial story on air a listener or part of that she's on the Money community and they get Victoria's advice on what they should do. So Georgia has sent us a DM about investing on a holiday house and how to go about it, which would be a very daunting thing. So she says, Hi, V, I really want to look into investing in a whole day home. The cost of travel is crazy right now, and I feel my money will be best used by giving us a place to

Well, first things first, No, we would not do a self managed super fund.

One out of ten cannot recommend.

Every accountant driving in their car right now is furiously shaking their pay Why don't put all your money in one investment class? It's also really really regulated nowadays. But let's get back to the investment property slash holiday home vibe. I feel like so many people are doing that now. But what I would do is all the research first. So not only have you said I think my money would be best used there. Okay, no worries. I can't tell you that's not the case because I don't know

Guys, they got me three million dollars and I don't even earn any money.

That's not even true. But that's okay.

If you have the income to support it, I will get you your three million dollars, but do a little bit of sneaky research. So one thing that I talk to a lot of clients about, or used to talk to a lot of clients about is jumping on Airbnb looking at like vacancy rates and how much they lease

So, if you are looking though to AIRBNBT out though, what kind of money is like a good yield, Well, it.

Really depends on what your purchase price is. Right, So they say that on average, when you're looking at property, you kind of want about five percent yield. That's the old school rules. Obviously, now with interest rates increasing, it's very unlikely that you might get a yield.

Of five percent. But there can be anything.

Honestly, it could be a really beautiful home in the Sticks that cost you like three hundred grand to buy, but because it's not got any other Airbnbs in the area, you're renting it out for six hundred bucks. And yeah, yeah, Like, there are so many different ways to get into this and pick a property. But as I said, I'd really use Airbnb to do a bit more research and see one vacancy rates too, what are people charging per night? But also what are the people who are renting in

Amazing advice.

All right, if you've got a money Jaalamma, you've got a question for us, just hit us up at She's on the money on any socials.

Simple save a Saturday, all right.

Every week Victoria tries her best to give us some sneaky tips on how to keep more bucks in your bank account. Quickly, Victoria, I did say before, you know, when you put your hand in between the car seat and like the cup holes and you find cash that money with, that's free money, and that is a money tip.

Sorry, that is it even going.

To keep talking about this? Okay, download your Maca's app and use that instead.

Exactly is that a tip? Or is that? Is that just an extra AdLib one?

It's just an extra ad lib one? But I also who has cash anymore? Like I cannot remember the last time I had coins that could fall down the car seat?

So what are you doing?

Do you just get your envelopes out each week and popp all your money in there?

And no, I don't give us some tips some real time.

Look, this week I really racked my brain. But I feel like I've been really naughty. And it's not even this week. It's over the last few months. I've been slipping a little bit. So the tips I've got are just like gentle reminders for the one and only me. But also I feel like, if I share them on the show, I'm making myself accountable. But then also maybe you guys need a little sneaky reminder too.

So the first thing, my first tip is, Victoria.

Devine, use public transport or ride your bike. I don't have a bike, but ride your scooter or whatever you've got. Because parking, now that COVID is done and dusted and everyone seems to be dry, it's been going up.

Like I drove into.

This the other day, and like, if I'm here, there and everywhere, and I'm you know, needing to drive to meetings, I do have to pay city parking. Usually that's like twenty to twenty five dollars, which is an absolute stooge to begin with. Where my office is located, they've gone up. Do you know how much it is to park beside my office now?

Thirty bucks?

Nope, it is thirty eight dollars.

See what's the point?

I actually just don't understand anyway, So I'm gonna have to start using public transport. It's kind of hard to take the dog to work when you're on the train. But the next tip, this is all about me today. I do apologize.

It's your show.

I've been so naughty.

On uber eats, all right, Mitch Cheery, Oh, I feel like, yeah, I feel like when we started this radio show, it was, oh my gosh, Mitch Cheery spent what was at metch. I haven't forgotten ten thousand dollars on uber eats and in a year, and I just feel like it really starts to creep up on you. Hey, Like it just is one of those things. I've got a lot going on, so I'm just like trying to make this sound better.

I've got work, I've got life.

I'm planning a wedding, I'm about to you know. All of that means that sometimes I'm like, oh, Steve, do you just want to get a cheeky luxA? And we do, and I just feel a bit guilty at the moment. And so this is my reminder to get a few more freezer meals or fridge meals in the fridge so I can actually keep.

On top of that.

Yeah, this is not a cheeky plug at all. Definitely not sponsored. But during COVID, because they didn't want to go down to the supermarkets, I got.

Dinnery oh yeah, yeah.

Real cheap that one.

And the thing is they take twenty minutes to cook, so you know what you're having for dinner every single day, and you kind of forced to have it because it's going to go off otherwise.

So yeah, oh, can I do a cheeky plug. I'm actually working with Marley Spoon at the moment, which I'm super stoked about because obviously they're great, but I used to be their biggest fan.

Like I looked at their social stuff.

I've been tagging them in my my Masterpieces since twenty seventeen, and it's only now that I've got a radio show that they.

Reply, oh classic Marley.

So honestly, they're giving my community. They're going to love this plug. One ninety five off their first four boxes by using the code Victoria ten out of ten. If you want to try, Marley Spoon give you nearly two hundred bucks off your grocery bill.

What a money We in not just giving us money, you're actually giving us food, Victoria.

Honestly, that's not a paid plug. Again, with our radio show is not big enough for that many paid plugs. I just shared things I love, and to be honest, that is why I agreed to it so quickly. I was like, you know what, I need to get back on the Mali train because I have not been cooking at home enough and this kind of forces you down there with food you actually want to cook.

You know what I got for this afternoon?

What have you got?

A little chicken cash?

You?

Oh, you're so fancy.

I'm just gonna eat more Fredo Frogs honestly, and then the next tier. But I've been making sure that I'm putting my health first, and I've been going to the.

Doctor with a fretdo frogs good one mate?

Oh look, balance Trav.

But I have been going to the doctor recently just to like, do check ups, make sure I'm aokay, pick up some new scripts.

Bulk billing.

Yeah, my GP. Oh he's fantastic. And he's one of those old school gps that still has jelly beans.

I love that.

I just want to say, and I'm not coping, Victoria, but if you go to this local GP end quote Mitch, you'll get ten percent off your vaccinations.

And also a free jelly bean. You get a free are you getting paid in jelly bean's?

Mitch? Sure is what's going on here?

Let's go, guys. It's been a great show.

Time to wrap her if you've got a tip, you can hit us up anytime.

Just search.

She's on the Money on Socials. Yes, we are going to get out of here, Mitch. You've got to stick around. You are joining the Live Uncut radio show with Laura Fern.

I think every week.

It's not like it's Laura Burn, Britney Hockley. I love them not as much as I love you too, though. It's been a great week. It's been really good to be back guys and on all socials at Mitch Jury. Slide into the DMS and let me know how much you miss me. Thank you so much.

Victoria's just tuned out. She's checking her phone right now. She has that is coming up next. This has been She's on the Money radio show for your Saturday morning