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Jess Rickey

👤 Speaker
1714 total appearances
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Appearances Over Time

Podcast Appearances

She's On The Money
I’ve Financially Outgrown My Friends. Do I Need To Leave The Chat?

Thank you.

She's On The Money
I’ve Financially Outgrown My Friends. Do I Need To Leave The Chat?

I like that one.

She's On The Money
I’ve Financially Outgrown My Friends. Do I Need To Leave The Chat?

Keep it going.

She's On The Money
I’ve Financially Outgrown My Friends. Do I Need To Leave The Chat?

If you've got a broke tip that you want to share with us, please join the She's In The Money Facebook group and share it on Bec's thread that goes up every week.

She's On The Money
I’ve Financially Outgrown My Friends. Do I Need To Leave The Chat?

We're about to take a quick break, but when we come back, we'll be unpacking this week's Money Dilemma about soon-to-be newlyweds and whether they should put their investments on hold to fund their wedding.

She's On The Money
I’ve Financially Outgrown My Friends. Do I Need To Leave The Chat?

Yeah.

She's On The Money
I’ve Financially Outgrown My Friends. Do I Need To Leave The Chat?

I think they probably can't cut costs.

She's On The Money
I’ve Financially Outgrown My Friends. Do I Need To Leave The Chat?

Generally speaking, when you book stuff for a wedding, you book it really far in advance.

She's On The Money
I’ve Financially Outgrown My Friends. Do I Need To Leave The Chat?

So it's like I'm guessing that they've booked it all in, they've signed all their contracts with their vendors, and there's the $5,000 shortfall is what she's talking about.

She's On The Money
I’ve Financially Outgrown My Friends. Do I Need To Leave The Chat?

I would be inclined to maybe split the difference personally.

She's On The Money
I’ve Financially Outgrown My Friends. Do I Need To Leave The Chat?

Again, obviously this isn't financial advice.

She's On The Money
I’ve Financially Outgrown My Friends. Do I Need To Leave The Chat?

I think that when you stop investing, it would be about five months that they'd be out of the market.

She's On The Money
I’ve Financially Outgrown My Friends. Do I Need To Leave The Chat?

There's just the opportunity cost, I think particularly at the moment because there is a lot of market volatility there.

She's On The Money
I’ve Financially Outgrown My Friends. Do I Need To Leave The Chat?

It does, at least in the things that I'm investing in, it seems like there's been dips, which are good opportunities to buy.

She's On The Money
I’ve Financially Outgrown My Friends. Do I Need To Leave The Chat?

And if you stop investing for that five-month period, potentially you miss out on that.

She's On The Money
I’ve Financially Outgrown My Friends. Do I Need To Leave The Chat?

When they've said they've got savings, I'm assuming it's not your emergency fund.

She's On The Money
I’ve Financially Outgrown My Friends. Do I Need To Leave The Chat?

Because if it was, I'm guessing you would have referred to it as your emergency fund.

She's On The Money
I’ve Financially Outgrown My Friends. Do I Need To Leave The Chat?

I'm assuming it's savings that you've got sitting there for maybe the honeymoon or something that you're just saving and working your way towards.

She's On The Money
I’ve Financially Outgrown My Friends. Do I Need To Leave The Chat?

Yeah.

She's On The Money
I’ve Financially Outgrown My Friends. Do I Need To Leave The Chat?

You know me, I'm risk averse.