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Speaker 1: Good morning everyone, and welcome back to another episode of

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Speaker 1: Sugar Mama's Fireplay. I am your host financial planner Canna Campbell,

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Speaker 1: and today we have another empowering, exciting story about financial

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Speaker 1: change where this couple have managed to create a seven

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Speaker 1: figure investment portfolio where financial freedom and independence is truly theirs.

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Speaker 2: Now, on that.

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Speaker 1: Note of change, there's something really important I need to

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Speaker 1: talk to you about. When I launched Sugar Mama TV

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Speaker 1: ten years ago, which originated from my YouTube channel which

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Speaker 1: is still going today, I really wanted to create change

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Speaker 1: in your life, obviously positive change in your life around money,

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Speaker 1: and I feel that one of the best ways to

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Speaker 1: create that change is to show you what it looks like,

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Speaker 1: show you what it feels like, and then of course

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Speaker 1: allow you to be inspired by all the positive flow

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Speaker 1: on effects and benefits that come from stepping up and

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Speaker 1: taking control of your life, and even if it just

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Speaker 1: means taking and making a few little adjustments in your life.

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Speaker 1: So please know that as I shared my stories Monica's

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Speaker 1: stories with you, it's really to show you and to

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Speaker 1: empower you and inspire you to have a go at

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Speaker 1: making change in your life where you have so much

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Speaker 1: more freedom so much more choice and so much more time.

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Speaker 1: All right, enough for me and my ted talk, let's

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Speaker 1: get cracking with today's episode. So the other day I

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Speaker 1: received this email. Dear Hannah, I wanted to reach out

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Speaker 1: and thank you. Thank you for the part you have

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Speaker 1: played and are continuing to play.

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Speaker 2: In our journey.

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Speaker 1: Five years ago, my husband and I embarked on a

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Speaker 1: financial literacy journey to educate ourselves on money, and we

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Speaker 1: ended up so much more out of this journey than

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Speaker 1: we expected. Our idea of reading a few books to

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Speaker 1: help us with a simple household budget has set us

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Speaker 1: up on a wealth building trajectory beyond our wildest imaginations.

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Speaker 1: Not only did we not understand what we were capable of,

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Speaker 1: but we actually had no idea of the opportunities the

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Speaker 1: world had to offer. We are two sensible nonspenders who

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Speaker 1: couldn't be more vanilla or ordinary if we tried. But

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Speaker 1: now we are a mortgage free couple with a seven

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Speaker 1: figure investment portfolio, with tax effective strategies in place and

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Speaker 1: a business class retirement plan mapped out. We'd like to

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Speaker 1: thank you for your contribution to financial literacy, because without

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Speaker 1: the one thousand dollars project, I would have never bought

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Speaker 1: my first bundle of shares. Your endorsement of Peter Thornerhill

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Speaker 1: gave us the confidence to debt, recycle, and pay far

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Speaker 1: mortgage faster, mindful of money. That is, my book showed

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Speaker 1: us how to look forward and think play the long

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Speaker 1: term game. I hope the writing of your next book

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Speaker 1: is going well. I'm really excited to read it. Thank

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Speaker 1: you again for your time, effort and energy educating the

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Speaker 1: world and helping us learn and grow. Kind regards Monica. Well, now,

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Speaker 1: when I read this email, I had to read it

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Speaker 1: about six or seven times because I was so taken

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Speaker 1: aback by what Monica had achieved and the change that

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Speaker 1: she'd made, and how she had just taken complete ownership

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Speaker 1: to step out of her perhaps safe and simple world

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Speaker 1: and to actually make a really positive change where it

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Speaker 1: was even potentially a little bit frightening what was on

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Speaker 1: the other side of change. So I am thrilled and

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Speaker 1: honored to be able to invite Monica on today's episode

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Speaker 1: to share with us her stories as to how her

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Speaker 1: and her husband have made this change in her life

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Speaker 1: and actually as a young family built a seven figure

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Speaker 1: investment portfolio and created a business class retirement plan. Monica,

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Speaker 1: Thank you so much for coming on to today's episode.

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Speaker 1: First of all, how are you today.

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Speaker 2: I'm doing really well. It's my day off. I'm having

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Speaker 2: an amazing day. All the kids are in school.

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Speaker 1: I have to say, as a mother a working modal

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Speaker 1: as well, it's so nice to have the house to yourself.

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Speaker 2: Oh it's very quiet. It's just me and the cat

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Speaker 2: and no mess.

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Speaker 1: And you know, well for me if there's no mess

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Speaker 1: with my kids at home. So I am actually today

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Speaker 1: in a similar boat to you and working from home

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Speaker 1: and the kids.

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Speaker 2: Are all at school, which is really nice.

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Speaker 1: Now, thank you so much for reaching out to me

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Speaker 1: and sharing with me your story. You know, I've been

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Speaker 1: creating all these content for ten years now, and you

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Speaker 1: know I make videos and podcasts and content on Instagram

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Speaker 1: and TikTok, and you know, I hope that it makes

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Speaker 1: change and has a positive impact. So when I read

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Speaker 1: emails like yours, it gives me the faith and hope

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Speaker 1: to keep going what I'm doing. So thank you so

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Speaker 1: much for doing that. I want to break down your

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Speaker 1: story and pick your brain and really go into the

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Speaker 1: nitty gritty of how you got started, what you did

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Speaker 1: and of course, what is the future hold for you?

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Speaker 1: So can we go back, I guess to the basics

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Speaker 1: and where you started, What initially inspired you and your

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Speaker 1: husband to start your financial literacy journey, and what were

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Speaker 1: some of the first things that you actually did.

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Speaker 2: Yeah, well, I was a young mum, so we were

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Speaker 2: a couple with one child, and I found myself a

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Speaker 2: stay at home mum and really responsible for everything. And

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Speaker 2: no one teaches you how to do that. No one

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Speaker 2: teaches you how to be a mum. There's no handbook

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Speaker 2: but that. No one also teaches you how to run

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Speaker 2: a household and how to take care of the finances.

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Speaker 2: And as much as I felt like I wasn't doing

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Speaker 2: anything wrong, we were just not doing a lot right.

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Speaker 2: And I think that's where I came a little bit unstuck.

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Speaker 2: We were sabers, we were nonspenders, were all very frugal

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Speaker 2: and very humble, and we both came from really humble beginnings.

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Speaker 2: But when I realized I picked up my first little

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Speaker 2: finance book about budgets, I realized that there was a

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Speaker 2: big hole missing that I just wasn't doing.

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Speaker 1: So would you say that you know you had a

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Speaker 1: I guess something in your gut told you that what

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Speaker 1: you were doing was fine, but there was just something

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Speaker 1: far more efficient or much better to actually make a

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Speaker 1: bigger impact in your life.

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Speaker 2: Yeah. Absolutely, And I think I went from being very

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Speaker 2: independent woman and I was bringing in my own income

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Speaker 2: to being a stay at home mum and depending on

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Speaker 2: somebody else to take care of me. And I just

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Speaker 2: wanted to make sure that I was doing the best

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Speaker 2: I could to make sure that our dollar was stretching

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Speaker 2: as far as it could. I knew that I would

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Speaker 2: be a stay at home mum for a really long time,

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Speaker 2: but we've had three kids and I haven't returned back

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Speaker 2: to full time work. So I wanted to make sure

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Speaker 2: that if I was going to be a stay at

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Speaker 2: home mum, that I was making his income work the

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Speaker 2: best for our family.

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Speaker 1: And so what were some of the first steps, Like

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Speaker 1: you mentioned you started to read about budgetings. Where you

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Speaker 1: began was it that you read?

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Speaker 2: I read A Barefoot Investor, which was great. It taught

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Speaker 2: me about all the buckets and it sort of opened

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Speaker 2: my eyes to my superanuation. Which was a little bit

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Speaker 2: embarrassing to admit, is I didn't know where it was.

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Speaker 2: I didn't know much was in it, and when I

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Speaker 2: found it, it was invested in cash and it had

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Speaker 2: just been chewed away. All my fees had tued it

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Speaker 2: away over the years that I'd neglected it. So we

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Speaker 2: just we opened our eyes to what we were missing

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Speaker 2: out on. I looked at my mortgage and I was like,

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Speaker 2: we need to pay this down. So I started being

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Speaker 2: quite enlightened to what steps I needed to start taking.

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Speaker 1: Yeah, and what would you say that with some of

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Speaker 1: the initial challenges that you've faced, did you ever think, oh, gosh,

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Speaker 1: this is overwhelming or this is actually creating more anxiety?

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Speaker 1: You know, were there any sort of blocks that you

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Speaker 1: experienced when you first like had I guess a little

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Speaker 1: bit of a sniff at where you stood financially, But.

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Speaker 2: The progress was incredibly slow, And I guess we know

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Speaker 2: with all the compounding calculators you watch at the very

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Speaker 2: beginning and nothing happens. There's no traction there. And when

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Speaker 2: we were at the very beginning, it would have been

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Speaker 2: easy to throw in the towel and go. Budgets don't work,

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Speaker 2: Budgets are silly. Budget's are dirty red. So right at

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Speaker 2: the beginning, we could have thrown in the towel and

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Speaker 2: just kept doing our non spending kind of ways. But

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Speaker 2: as we saw the results of the budget and that

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Speaker 2: giving each domor a purpose was incredibly valuable.

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Speaker 1: I think it's so important to keep your eye regularly

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Speaker 1: on your money, particularly around budgeting, because then you can

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Speaker 1: actually see the physical transformation and feel it as well.

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Speaker 1: Go oh, hang on, this is working. Okay, Wow we

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Speaker 1: didn't run out of money before the end of payday,

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Speaker 1: or wow we actually you know, managed to pay off

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Speaker 1: the credit card. Finally, Like it's so important to regularly

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Speaker 1: review your budgeting cash flow so that you can actually

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Speaker 1: because that's what you know. I always, as I always say,

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Speaker 1: you know, progress for success. When you can see the progress,

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Speaker 1: even if it's a tiny progress, it drives you to

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Speaker 1: keep going and stay on track and stay focused.

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Speaker 2: Were there any sort of things.

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Speaker 1: That you sort of hit with I guess around financial

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Speaker 1: there where we went oh, this is complicated, or this

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Speaker 1: is too hard to understand, or I can't do this,

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Speaker 1: and just maybe think, okay, we'll pass the buck to

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Speaker 1: someone else.

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Speaker 2: Oh. Absolutely, and that you know, if I read one

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Speaker 2: book and I didn't understand it, I just read the

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Speaker 2: next book, and when I didn't understand that book, I

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Speaker 2: went to a website and I googled it, and then

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Speaker 2: I watched some YouTube clips, and I listened to a podcast.

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Speaker 2: I must have read every book on finance in my

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Speaker 2: local library, and I've listened to every podcast I can

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Speaker 2: listen to. But I think it was really important that

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Speaker 2: I listened to things and read things that I didn't

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Speaker 2: agree with, because that's also helped me form my opinion

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Speaker 2: what I like and what I don't like.

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Speaker 1: How would you say that your mindset then plays in

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Speaker 1: that determination and commitment to improving your financial situation.

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Speaker 2: I think your mindset is pre programmed by sort of

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Speaker 2: the generation before you that tell you how you should

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Speaker 2: be conducting yourself as a young adult. You know, a

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Speaker 2: mortgage is a fact of life, you need to have

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Speaker 2: it for thirty years. And own investments are for rich people,

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Speaker 2: and that's just property. And if you own shares, it's

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Speaker 2: almost like going to the casino and putting all of

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Speaker 2: your money on Red twenty one. So we, my husband

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Speaker 2: and I were both sort of programmed to think that

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Speaker 2: these things were out of our reach. But once I

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Speaker 2: started my education process, my mind shift, my mindset changed.

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Speaker 2: Knowing that I had educated myself and I didn't agree

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Speaker 2: with those opinions anymore.

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Speaker 1: How liberating.

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Speaker 2: It is very liberating, and I'm I'm not dissing myself, Kenna,

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Speaker 2: but I didn't do well into high school. Like I

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Speaker 2: just pulled out an old high school report and I'm

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Speaker 2: got a did in math. It's not something I'm proud of,

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Speaker 2: but I had to show my son and I wanted

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Speaker 2: him to know that I have flourished despite my education.

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Speaker 2: And I think that's one of Peter Thornhill's beautiful quotes

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Speaker 2: that he says, like, I absolutely have found something that

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Speaker 2: I'm good at and it's got nothing to do with

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Speaker 2: finishing high school.

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Speaker 1: Oh absolutely. And you know I struggled at school and

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Speaker 1: at university and you know, I hated it and I

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Speaker 1: always felt you know, I did the basic elementary maths

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Speaker 1: and sampit and you know, here I am, you know,

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Speaker 1: working in finance. You know, twenty two years later, you

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Speaker 1: know and absolutely love it. But you know, it's got

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Speaker 1: nothing to do with how you did at school. It's

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Speaker 1: you know, how you apply yourself and in the school

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Speaker 1: of life. So I want to just holde in on

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Speaker 1: quickly on the actual resources that you read. So you

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Speaker 1: mentioned Barefoot investor. You touched in your email about the

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Speaker 1: thousand Dollar Project and Mindful Money. How did those books

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Speaker 1: sort of take you step by step through the way.

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Speaker 1: Where did they fit in in the I guess the

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Speaker 1: jigsaw of you improving your financial wellbeing piece by piece.

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Speaker 2: I guess Bedfoot was great because it started my education journey.

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Speaker 2: And I had read lots about investing in the share market,

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Speaker 2: but nothing really gave me the confidence like the thousand

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Speaker 2: dollars project did. When I read it, A thousand dollars

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Speaker 2: felt very achievable for me, and up until that point,

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Speaker 2: all the numbers seemed too inflame and it was too

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Speaker 2: pie in the sky. But one thousand dollars, I was like,

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Speaker 2: I can do that. I can hustle a thousand dollars.

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Speaker 2: And I guess a thousand dollar projects really built my

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Speaker 2: hustle muscle, and that's where my first parcel of shares

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Speaker 2: were purchased. After my first thousand dollars.

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Speaker 1: Could, I asked you quickly, how did you come up

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Speaker 1: with your first one thousand dollars?

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Speaker 2: Oh, my gosh, you're going to laugh. I sold muffins. Yeah,

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Speaker 2: I did.

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Speaker 1: I think that's amazing. Tell me more.

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Speaker 2: I started a small business from home. I just realized

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Speaker 2: identified that at school parents didn't have enough time to

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Speaker 2: bake for their children. And I was a school mum

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Speaker 2: and I was watching these kids come to school with

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Speaker 2: packaged product. And that is absolutely fine, because fed is best.

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Speaker 2: But I was always told that home baked is best.

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Speaker 2: And my grandmother baked, and my mother baked, and I'm

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Speaker 2: a baker. So I started a small business where I

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Speaker 2: beaked lunchbox treats and raw treats, sugar free treats, muffins

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Speaker 2: and slices. And this was money we didn't need in

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Speaker 2: our budget. This was in addition to so the purpose

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Speaker 2: I gave it was to buy the shares. And that's

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Speaker 2: the first bundle of shares was with APIC, and I

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Speaker 2: remember it quite vividly. I bought my first thousand dollars

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Speaker 2: and no one ran over and gave me a gold

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Speaker 2: starf for it. I was so excited with myself. I

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Speaker 2: hustled very hard with those muffins to buy my first

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Speaker 2: thousand dollars both the shares.

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Speaker 1: Stacking is my love language. I'm the person that will

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Speaker 1: buy a mufflin or a coopie or a slice for

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Speaker 1: myself and for my kids and then you know, for everyone.

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Speaker 1: So I would I would give you five hundred golden

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Speaker 1: stars for that. I think that's absolutely brilliant. And so

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Speaker 1: where did you say you invested in? Not that obviously

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Speaker 1: this is product advice for listeners, but where out of it?

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Speaker 1: Just where did you invest that first one thousand dollars?

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Speaker 2: Yeah, my first thousand dollars was with Apic and we

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Speaker 2: have done a lot of visited investment companies since then,

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Speaker 2: and I think I've fallen in love with and more

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Speaker 2: since Peter. We do a lot of Australian industrial shares,

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Speaker 2: lots of listed investment companies, obviously not product advivice. My

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Speaker 2: husband works in mining, so we do have a little

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Speaker 2: bit more of a sway to a bit of mining.

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Speaker 1: And yeah, okay, well look you're still at Your investment

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Speaker 1: strategy obviously is very similar to Minor. I'm a huge

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Speaker 1: fan of, you know, in Australian industrial shares and that

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Speaker 1: long term buy and hold and reinvest wherever possible. So

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Speaker 1: we'll come back to your investment strategy in just a

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Speaker 1: little bit. But I just want to go back to

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Speaker 1: the journey. I guess you've mentioned in your email that

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Speaker 1: you guys are non spenders, which you know also known

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Speaker 1: as savers. And one of my biggest bugbears with financial

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Speaker 1: literacy is that there's so much focus on saving and

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Speaker 1: budgeting and you know, paying off debt, which is great,

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Speaker 1: but it is only one side of the coin, and

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Speaker 1: really to get yourself over the other side of the

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Speaker 1: rainbow is to invest and invest, you know, in an

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Speaker 1: educated manner, understanding obviously all the.

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Speaker 2: Costs and the risks involved.

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Speaker 1: But you know, that's a big transition to go from

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Speaker 1: someone who's always been about saving money, saving money, saving money.

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Speaker 2: To investing money.

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Speaker 1: You know that for a lot of people that it's terrifying,

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Speaker 1: and you know there's risk involved, and you know what if?

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Speaker 1: You know the what if thoughts running through your mind?

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Speaker 1: How did you find that transition going from a non

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Speaker 1: spender or savor as you called yourself, to becoming investors

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Speaker 1: and serious investors. You know you're investing, You've built a

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Speaker 1: diversified share portfolio, you're a sophisticated investor.

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Speaker 2: Might take it in all definition, we only invested what

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Speaker 2: we didn't need. So when I had my small business

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Speaker 2: on the side, or when I've started a very small job,

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Speaker 2: we only invested the money that we didn't need in

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Speaker 2: our budget, and I think that felt comfortable for us

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Speaker 2: until we paid off our mortgage and we realized that

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Speaker 2: if we were happy paying that three or four thousand

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Speaker 2: dollars on our mortgage and now we don't need to

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Speaker 2: do that anymore, we're happy to put that money into investing.

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Speaker 2: So we just gave them money a different purpose. Once

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Speaker 2: the mortgage had been paid off, we went, Okay, the

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Speaker 2: next purpose is building our share portfolio. But because it

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Speaker 2: is linked to an end goal for us, we found

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Speaker 2: that transition very easy.

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Speaker 1: So many people I speak with that, you know, asking

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Speaker 1: for advice or I'm asking for guidance, you know, I

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Speaker 1: say them, Okay, no problems, sit down and have a chat,

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Speaker 1: and I'm like, what are your goals? And they're like, oh,

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Speaker 1: what do you mean goals? I'm like, what are your goals?

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Speaker 1: You know? And I'll listen to their story. I'm like,

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Speaker 1: the one thing they're missing or what are the most

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Speaker 1: important things they're missing? Is a simple financial goal to

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Speaker 1: work on because it gives you purpose, It gives you direction,

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Speaker 1: it gives you clarity, It gives you that pinpoint that

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Speaker 1: you can then compare and see that growth and development

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Speaker 1: and that progress. You know that I bang on about

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Speaker 1: so much. So you know, so the power of us,

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Speaker 1: just even the one financial goal can be really transformational.

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Speaker 1: Would you agree with that? Oh?

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Speaker 2: One hundred percent? And we're very goal oriented. I spoke

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Speaker 2: to my husband on the phone last night and I

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Speaker 2: said to him, we've just reached this mind stone goal.

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Speaker 2: I don't really know what we're going to do next.

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Speaker 2: I don't understand how we're going to stay motivated. What's

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Speaker 2: our next thing that we could work towards so we

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Speaker 2: can keep being excited. And he's like, we just have

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Speaker 2: to keep tracking the percentages, Moniker, and keep making sure

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Speaker 2: that those percentages keep going up. Will be motivated with that?

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Speaker 1: Yeah, and you know what it's like, you know, but

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Speaker 1: the best analogy I can give people who still quite

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Speaker 1: cut Rausk, the concept of water goal is like it's

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Speaker 1: when you're, for example, doing a fitness goal and you're like, Okay,

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Speaker 1: my goal is to be able to run fifteen kilometers,

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Speaker 1: and you know, first week you managed to get to

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Speaker 1: one kilometer, and then next week you managed to get

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Speaker 1: to one point three kilometers. If you're actually tracking how

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Speaker 1: far you're running or how fast you're running and you

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Speaker 1: can see that improvement. That is the dopamine hit that

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Speaker 1: makes you go back, and that gives you that first

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Speaker 1: to see if you can beat that again, beat that again.

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Speaker 1: It like's almost gamifying your finances. Now you talked about

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Speaker 1: you know, you guys have built a diversified share portfolio.

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Speaker 1: If you were to go break down the risk and bold,

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Speaker 1: you know you are technically up a high growth or

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Speaker 1: a growth you risk profile investor, And obviously that means

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Speaker 1: you know, you're comfortable with the short to medium term

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Speaker 1: levels of volatility and risk and you understand obviously all

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Speaker 1: the expenses involved buying shares and investing in shares is

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Speaker 1: you know it there CAUs a lot of risk, and

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Speaker 1: there's a huge amount of volatility, particularly in the short term,

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Speaker 1: in an even the short to medium term. Surely you

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Speaker 1: would have experienced pullbacks and drops and corrections in your

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Speaker 1: portfolio because that's normal and that is very natural. How

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Speaker 1: did that feel when that happened. I'm obviously going to

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Speaker 1: assume that that did happen, because I'd be shocked if

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Speaker 1: it hadn't happened. And what allowed you to go, hang on,

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Speaker 1: don't panic, don't freak out, don't. We don't need to stop.

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Speaker 1: We need to hold on tied, you know, follow the advice,

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Speaker 1: you know, maybe make a few changes here. And they're like,

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Speaker 1: how did you cope with that? As new investors?

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Speaker 2: I was so excited and so all of our favorite

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Speaker 2: shares sale, and I must admit, we just we went

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Speaker 2: on a spending spree.

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Speaker 1: So you actually bought while the market was down?

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Speaker 2: Yes, absolutely, When COVID hit, it was like my favorite

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Speaker 2: shoes around sale. I was beyond excited. It's so cool.

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Speaker 2: This was right in the middle of our debt recycling

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Speaker 2: strategy and I know we'll get to that in a

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Speaker 2: little bit, but we had already had such a big

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Speaker 2: plan to pay off our mortgage, and when we saw

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Speaker 2: that everything was cheap, we brought up really big.

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Speaker 1: Yeah. Yeah, you know what. That is such a testament

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Speaker 1: toial level of education, because you know, new investors naturally,

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Speaker 1: you know, it's the unknown. It's overwhelming, it's frightening, it's scary,

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Speaker 1: it's exhilarating. You know, there's this this like whirlwind of

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Speaker 1: emotions involved, you know, some of which completely contradicted each other,

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Speaker 1: and that you could literally your attitude, mood can change

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Speaker 1: you know, with the flick of a switch too, as

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Speaker 1: new investors to have that like approach where you went, Okay,

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Speaker 1: the markets come back a lot. You know, there's our

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Speaker 1: portfolio is down, but we are able to buy the

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Speaker 1: same investments a we already hold now but at a

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Speaker 1: greater discount, and be able to buy those passive income

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Speaker 1: streams at a greater discount. Let's buy more. That That

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Speaker 1: is something that will normally come from an experienced investor

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Speaker 1: or an investor that actually is really well informed. So

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Speaker 1: I mean, that just shows me how switched on you

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Speaker 1: guys are with managing your money and making those very

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Speaker 1: important decisions that sometimes are quite time sensitive as well.

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Speaker 1: So I mean, I'm just I'm in awe of what

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Speaker 1: you guys have achieved and in particularly your mindset, and

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Speaker 1: so much of financial growth and development is mindset. But

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Speaker 1: keep going with these questions. So these are just it's

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Speaker 1: just so important. Now. A lot of people think debt

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Speaker 1: is bad, and I agree to credit card debt, horrendous

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Speaker 1: personal loans. Really about car loans particularly, it's not used

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Speaker 1: for tax production a business purpose, you know, it's debt money,

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Speaker 1: but debt recycling. And I say this as a financial

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Speaker 1: plan of twenty something experience years of experience is one

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Speaker 1: of the ways to really accelerate your wealth creation journey.

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Speaker 1: But it obviously is a high risk strategy. It's not

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Speaker 1: for everyone. How did you get to the point where

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Speaker 1: you're like, Okay, we're now building up the share portfolio.

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Speaker 1: We need to learn about what thist recycling strategy is

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Speaker 1: and how do you know it was the right time

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Speaker 1: for you to apply this.

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Speaker 2: Strategy in your life. I think I had educated myself

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Speaker 2: enough and my husband felt confident enough in the strategy

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Speaker 2: that we had. We had thought out and quilled, mulled

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Speaker 2: over for a really long time. We've done a few spreadsheets,

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Speaker 2: crunched a few numbers, and we had worked out that

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Speaker 2: even in the worst case scenario, we would be okay.

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Speaker 2: We also had the confidence of knowing that we didn't

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Speaker 2: have a carlown we don't have credit cards, we've never

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Speaker 2: had a knee shop debt, we don't have personal loans,

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Speaker 2: we don't have any of that debt. We've had all

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Speaker 2: three of our children and they're beautiful and healthy and amazing,

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Speaker 2: and my husband's job was quite secure. We felt very

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Speaker 2: confident in taking the next step because we felt like

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Speaker 2: we had been investing for long enough that we had

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Speaker 2: that information under our belt. All of our insurances were

435
00:22:21,040 --> 00:22:24,439
Speaker 2: in check, and this wasn't our first step in our

436
00:22:24,440 --> 00:22:27,720
Speaker 2: welling journey. This was step fifty. We've done all the

437
00:22:27,800 --> 00:22:30,639
Speaker 2: right things leading up to this point, and we felt

438
00:22:30,640 --> 00:22:31,880
Speaker 2: confident in that strategy.

439
00:22:32,359 --> 00:22:35,159
Speaker 1: Yeah, and look, I have to say there's in mindful Money,

440
00:22:35,200 --> 00:22:37,119
Speaker 1: I talk about debt recycling in a lot of detail.

441
00:22:37,240 --> 00:22:39,919
Speaker 1: I talk about you know, I think I share seven

442
00:22:40,000 --> 00:22:42,320
Speaker 1: things you can do to help make that debt recycling

443
00:22:42,320 --> 00:22:47,040
Speaker 1: strategy is robust and bulletproof as possible. And you know

444
00:22:47,080 --> 00:22:49,840
Speaker 1: it sounds like you guys have probably implemented some of

445
00:22:49,880 --> 00:22:51,919
Speaker 1: those ideas to help make sure it's you know, what

446
00:22:51,960 --> 00:22:55,840
Speaker 1: you've done is safe and sound. So again, just incredible

447
00:22:55,920 --> 00:22:56,960
Speaker 1: just to what you've achieved.

448
00:22:57,240 --> 00:22:59,000
Speaker 2: Can we now move on to your.

449
00:22:58,880 --> 00:23:04,239
Speaker 1: Business class retirement plan because this sounds really sexy, like

450
00:23:04,359 --> 00:23:06,960
Speaker 1: what made you sort of then start thinking, you know,

451
00:23:07,200 --> 00:23:10,720
Speaker 1: I guess beyond investing and think, okay, we now need

452
00:23:10,760 --> 00:23:13,280
Speaker 1: to revisit Super. And I know you touched on. You know,

453
00:23:13,320 --> 00:23:15,119
Speaker 1: there was a bit of shame when you looked at

454
00:23:15,160 --> 00:23:17,600
Speaker 1: your superannuation and realized there wasn't much that it has

455
00:23:17,840 --> 00:23:20,920
Speaker 1: been sitting in cash and been eroding away with fees.

456
00:23:21,160 --> 00:23:23,960
Speaker 1: You know, where did the superannuation piece come into the

457
00:23:24,000 --> 00:23:26,560
Speaker 1: whole journey or adventure?

458
00:23:28,480 --> 00:23:33,920
Speaker 2: Isn't super really exciting? I'm completely nerded out by it?

459
00:23:34,359 --> 00:23:36,439
Speaker 2: And we would be so fun at a coffee like

460
00:23:36,520 --> 00:23:44,560
Speaker 2: at a dinner table, wouldn't we see? Once we'd finished

461
00:23:44,560 --> 00:23:46,679
Speaker 2: paying off our mortgage, we knew that we needed to

462
00:23:46,760 --> 00:23:51,199
Speaker 2: start accelerating our wealth. We knew that salary sacrificing was

463
00:23:51,280 --> 00:23:54,560
Speaker 2: very tax efficient for my husband and it was a

464
00:23:54,600 --> 00:23:57,959
Speaker 2: really good strategy for myself as well. So we've started

465
00:23:57,960 --> 00:24:03,000
Speaker 2: salary sacrificing, but also we go back and top up

466
00:24:03,000 --> 00:24:06,119
Speaker 2: our super with our unused caps. So this year, before

467
00:24:06,160 --> 00:24:09,919
Speaker 2: the tax brackets changed, we went and topped up my

468
00:24:10,000 --> 00:24:15,080
Speaker 2: husband so he could get a nice tax written. It

469
00:24:15,280 --> 00:24:17,679
Speaker 2: was a beautiful way in the future for us to

470
00:24:18,160 --> 00:24:21,200
Speaker 2: sort of have the four buckets for our will's building.

471
00:24:22,560 --> 00:24:26,040
Speaker 1: And were there any particular resources you used to help

472
00:24:26,080 --> 00:24:27,920
Speaker 1: figure out your superraduation, because I feel a lot of

473
00:24:27,920 --> 00:24:30,920
Speaker 1: people don't even know where to start with superradiation. I'm

474
00:24:30,920 --> 00:24:34,679
Speaker 1: assessing a financial planner. You know, did you know to

475
00:24:34,720 --> 00:24:37,199
Speaker 1: access a particular brisk profile did you do it go

476
00:24:37,240 --> 00:24:39,399
Speaker 1: to a comparison website for example, to look at your

477
00:24:39,400 --> 00:24:41,959
Speaker 1: superinnuation and all the different types of coups.

478
00:24:42,720 --> 00:24:44,719
Speaker 2: Absolutely, and we did all of those things. I think

479
00:24:44,760 --> 00:24:47,280
Speaker 2: we've gone online and compared a lot of different products.

480
00:24:48,200 --> 00:24:50,440
Speaker 2: We don't have enough super to do a self manage

481
00:24:50,480 --> 00:24:53,360
Speaker 2: super fund at the moment. It wouldn't be cost effective

482
00:24:53,359 --> 00:24:56,120
Speaker 2: for us, so we have just chosen something that's within

483
00:24:56,160 --> 00:25:00,399
Speaker 2: our risk profile. And yeah, the online calculator have been

484
00:25:00,440 --> 00:25:01,280
Speaker 2: very useful.

485
00:25:01,840 --> 00:25:04,399
Speaker 1: I you know, I have been putting money into by

486
00:25:04,440 --> 00:25:07,520
Speaker 1: Superinnomation for a long time. And I also was able

487
00:25:07,560 --> 00:25:09,240
Speaker 1: to get a say, I think about one hundred and

488
00:25:09,280 --> 00:25:14,159
Speaker 1: sixty thousand dollars in tax by using superinnuation through a

489
00:25:14,200 --> 00:25:18,000
Speaker 1: small business rollover relief which I qualified for. And even

490
00:25:18,040 --> 00:25:20,439
Speaker 1: if someone who's got enough money in super Animation to

491
00:25:20,560 --> 00:25:23,399
Speaker 1: justify the expense of self management fund, I would never

492
00:25:23,600 --> 00:25:26,240
Speaker 1: ever take use of self management fund. I would never

493
00:25:26,280 --> 00:25:29,439
Speaker 1: set one up. And they sound great and for some

494
00:25:29,480 --> 00:25:31,360
Speaker 1: people yet they definitely have their place and they're very

495
00:25:31,400 --> 00:25:35,680
Speaker 1: very powerful. But as someone who's a mother like yourself

496
00:25:35,720 --> 00:25:39,400
Speaker 1: and busy kids, I don't have the time. I don't

497
00:25:39,440 --> 00:25:43,240
Speaker 1: have to manage the digital administration. All the compliance risk

498
00:25:43,320 --> 00:25:45,600
Speaker 1: falls on your shoulders. So yeah, you know, I think

499
00:25:45,640 --> 00:25:49,399
Speaker 1: a lot of people get sold the sexiness and the

500
00:25:49,400 --> 00:25:53,800
Speaker 1: sophistication of a self managed super fund, but really it's

501
00:25:54,200 --> 00:25:57,840
Speaker 1: i'd say nine times out of ten, it's unnecessary time,

502
00:25:58,160 --> 00:26:01,840
Speaker 1: money and energy. And again, all that risk falls on

503
00:26:01,840 --> 00:26:03,960
Speaker 1: your own shoulders. When you know, I pay such a

504
00:26:03,960 --> 00:26:06,800
Speaker 1: competitive fee for my superinhuation account. It's got the inspecy

505
00:26:06,880 --> 00:26:09,840
Speaker 1: transfer service that a self managy with fund would offer

506
00:26:09,840 --> 00:26:12,200
Speaker 1: me anyway, and I don't ever need to worry about

507
00:26:12,320 --> 00:26:15,560
Speaker 1: not lodging a tax return something being lodged in time

508
00:26:15,640 --> 00:26:19,040
Speaker 1: and and all the you know, the accounting, and it's

509
00:26:19,119 --> 00:26:20,960
Speaker 1: just huge, what the amount of work that goes and

510
00:26:21,000 --> 00:26:24,200
Speaker 1: behind a self manicine be fund. So don't necessarily get

511
00:26:24,240 --> 00:26:27,200
Speaker 1: fit get accord into that trap that you necessarily need

512
00:26:27,240 --> 00:26:29,320
Speaker 1: a self manage to fund. You know that there's a

513
00:26:29,359 --> 00:26:31,679
Speaker 1: lot of great superderation products out there. I think that

514
00:26:31,960 --> 00:26:34,440
Speaker 1: do just as good, or if not even better, and

515
00:26:34,480 --> 00:26:36,439
Speaker 1: a much more efficient use of your resources.

516
00:26:37,000 --> 00:26:39,560
Speaker 2: I just don't have time for that. I'm more of

517
00:26:39,600 --> 00:26:42,919
Speaker 2: a set and forget kind of girl, like automate my

518
00:26:43,200 --> 00:26:45,880
Speaker 2: trans at my direct debits that go over to it.

519
00:26:46,160 --> 00:26:49,640
Speaker 2: I'm watching it build. We salary sacrifice jobs.

520
00:26:49,320 --> 00:26:52,399
Speaker 1: Done one hundred percent for everyone who's listening to this

521
00:26:52,520 --> 00:26:54,480
Speaker 1: right now and thinks, oh my goodness, like wow, like

522
00:26:54,880 --> 00:26:57,360
Speaker 1: you know, listening to you, you're a mother of three.

523
00:26:57,880 --> 00:27:01,440
Speaker 1: You know you your husband works, you know obviously long

524
00:27:01,480 --> 00:27:03,760
Speaker 1: hours and sounds like like me doing a bit of

525
00:27:03,880 --> 00:27:07,760
Speaker 1: solo parenting, you know, juggling the load and the responsibilities,

526
00:27:07,800 --> 00:27:10,480
Speaker 1: and everyone's like growing and evolving needs all the time.

527
00:27:11,080 --> 00:27:13,920
Speaker 1: You know, what would you say to someone is similar situation?

528
00:27:14,040 --> 00:27:16,680
Speaker 1: Think where would you say? Recommend they get started?

529
00:27:18,680 --> 00:27:21,000
Speaker 2: Don't bite off lots and lots at the same time.

530
00:27:21,280 --> 00:27:26,040
Speaker 2: Start with a very small objective, write everything down and

531
00:27:26,080 --> 00:27:28,600
Speaker 2: just choose one small thing and bite it off today

532
00:27:28,800 --> 00:27:31,400
Speaker 2: and just go this week, I'm looking at my insurances,

533
00:27:32,000 --> 00:27:34,760
Speaker 2: and you only focus on one thing this week, and

534
00:27:34,840 --> 00:27:37,720
Speaker 2: next week I'm going to look at my electricity account,

535
00:27:38,040 --> 00:27:39,800
Speaker 2: and the week after that, I'm going to go and

536
00:27:39,800 --> 00:27:43,480
Speaker 2: have a look at my superannuation. I think compartmentalizing it

537
00:27:43,520 --> 00:27:46,600
Speaker 2: and sort of breaking it down into very small bites.

538
00:27:46,720 --> 00:27:52,840
Speaker 2: Otherwise it's incredibly overwhelming and it's very disheartening when you

539
00:27:52,880 --> 00:27:54,760
Speaker 2: look at the big picture and you think there's so

540
00:27:54,840 --> 00:27:56,440
Speaker 2: much work to do. I'm not going to be able

541
00:27:56,440 --> 00:27:59,040
Speaker 2: to do it. But if you chunk it, and you

542
00:27:59,080 --> 00:28:01,800
Speaker 2: scuffold it, and you just a very small amount, you

543
00:28:01,840 --> 00:28:03,720
Speaker 2: will get through it.

544
00:28:03,800 --> 00:28:06,639
Speaker 1: Absolutely. I couldn't agree with you more. And just to

545
00:28:06,680 --> 00:28:08,840
Speaker 1: ask you a quick question before I pressed record with

546
00:28:08,840 --> 00:28:10,800
Speaker 1: this interview, we had a quick chat and you talked

547
00:28:10,840 --> 00:28:13,719
Speaker 1: about you know, you've never really shared this story with anyone,

548
00:28:14,359 --> 00:28:17,440
Speaker 1: and you know it previously, you know it was caint

549
00:28:17,480 --> 00:28:22,800
Speaker 1: of like, you know, crass or boastful, shameful to talk

550
00:28:22,840 --> 00:28:27,800
Speaker 1: about wanting financial freedom or wanting call it wealth as such.

551
00:28:28,720 --> 00:28:31,359
Speaker 1: How does that feel now that you've just shared your story,

552
00:28:31,640 --> 00:28:35,480
Speaker 1: because you know so, I feel like it's with money

553
00:28:35,520 --> 00:28:37,159
Speaker 1: you can talk about in a crass way, you can

554
00:28:37,200 --> 00:28:39,600
Speaker 1: talk about it in a boastful way. But the conversation

555
00:28:39,720 --> 00:28:41,280
Speaker 1: you and I have just had us about talking about

556
00:28:41,320 --> 00:28:46,000
Speaker 1: it in a efficient manner, about you know, empowering people,

557
00:28:46,200 --> 00:28:49,680
Speaker 1: motivating people, your inspiring story. How does it feel that

558
00:28:49,800 --> 00:28:52,640
Speaker 1: that you just shared your incredible accomplishments.

559
00:28:53,000 --> 00:28:55,360
Speaker 2: I think it's a beautiful thing to share with someone

560
00:28:55,400 --> 00:28:59,200
Speaker 2: that's equally as excited for you. I think the audience

561
00:28:59,200 --> 00:29:03,640
Speaker 2: that you're talking to about finance is really important. I

562
00:29:03,680 --> 00:29:06,240
Speaker 2: think sitting at the wrong table and having a chat

563
00:29:06,320 --> 00:29:09,680
Speaker 2: about finance is not the right time and place. And

564
00:29:10,120 --> 00:29:12,280
Speaker 2: I think it's just better to say nothing at all

565
00:29:12,400 --> 00:29:15,480
Speaker 2: than to put your foot in your mouth. So my

566
00:29:15,560 --> 00:29:18,440
Speaker 2: husband and I have always been incredibly humble. I've got

567
00:29:18,440 --> 00:29:21,080
Speaker 2: some very good advice from a wise friend that told

568
00:29:21,120 --> 00:29:22,880
Speaker 2: me never to wear my money on my sleeve or

569
00:29:22,920 --> 00:29:26,480
Speaker 2: my arm or in my car. Like we could afford

570
00:29:26,480 --> 00:29:28,920
Speaker 2: to go buy a beautiful rang Rover, but we drive

571
00:29:29,000 --> 00:29:33,480
Speaker 2: really humble cars, don't have fancy things. We go on

572
00:29:33,480 --> 00:29:36,200
Speaker 2: beautiful holidays because that's something that we value and appreciate,

573
00:29:37,000 --> 00:29:40,880
Speaker 2: and it is lovely to share. But the audience doesn't

574
00:29:40,880 --> 00:29:42,680
Speaker 2: always want to hear your story. So I think I've

575
00:29:42,840 --> 00:29:44,920
Speaker 2: just always it on the side of caution and just

576
00:29:44,920 --> 00:29:47,960
Speaker 2: not told it. Yeah, well, you.

577
00:29:47,920 --> 00:29:53,520
Speaker 1: Know you opening up and bravely and humbly sharing your story,

578
00:29:53,680 --> 00:29:56,400
Speaker 1: and your story has not been one of just luck.

579
00:29:56,840 --> 00:29:59,800
Speaker 1: It's been one of hard work and commitment and dedication

580
00:30:00,080 --> 00:30:05,520
Speaker 1: and really going down a journey of education. So you know,

581
00:30:05,560 --> 00:30:08,200
Speaker 1: I think you should feel incredibly proud. And you know,

582
00:30:08,280 --> 00:30:10,680
Speaker 1: as we've began this episode, I spoke about the importance

583
00:30:10,880 --> 00:30:13,760
Speaker 1: change and showing people what change looks like so that

584
00:30:13,800 --> 00:30:16,000
Speaker 1: they can see that they are worthy and capable of

585
00:30:16,120 --> 00:30:19,640
Speaker 1: similar change. You know, as we work towards the end

586
00:30:19,680 --> 00:30:22,120
Speaker 1: of this episode, what would you say change has looked

587
00:30:22,200 --> 00:30:24,959
Speaker 1: like and felt like to you and your family?

588
00:30:25,400 --> 00:30:27,040
Speaker 2: I think it's given us with lots and lots of

589
00:30:27,080 --> 00:30:30,800
Speaker 2: options moving forward, where our options are quite limited before.

590
00:30:31,160 --> 00:30:33,720
Speaker 2: But now we can comfortably give in all of our

591
00:30:33,800 --> 00:30:35,920
Speaker 2: children races and they can all go to a private

592
00:30:36,000 --> 00:30:39,440
Speaker 2: high school. We can buy them their first car and

593
00:30:39,640 --> 00:30:42,640
Speaker 2: pay for their further education. If they want to go

594
00:30:42,680 --> 00:30:45,800
Speaker 2: to university, we can afford to maybe help them with

595
00:30:45,800 --> 00:30:49,440
Speaker 2: a home deposit. We've said, we've set them all up

596
00:30:49,480 --> 00:30:52,640
Speaker 2: with Vanguard managed funds at the moment to get them

597
00:30:52,680 --> 00:30:56,160
Speaker 2: started on their investing genes. So I think that change

598
00:30:56,160 --> 00:31:00,400
Speaker 2: has helped create intergenerational education wealth.

599
00:31:01,680 --> 00:31:07,480
Speaker 1: So I would say change has been very positive and

600
00:31:07,600 --> 00:31:08,320
Speaker 1: feels great.

601
00:31:09,240 --> 00:31:11,479
Speaker 2: It does look and feel great, and the future is

602
00:31:11,480 --> 00:31:14,719
Speaker 2: incredibly bright, and we're happy for any market corrections that

603
00:31:14,760 --> 00:31:17,360
Speaker 2: come our way because we've educated and we understand that

604
00:31:17,440 --> 00:31:20,240
Speaker 2: if it dips, it's going to it's going to resurrect.

605
00:31:21,240 --> 00:31:23,560
Speaker 2: And we look up watching the dip and knowing that

606
00:31:23,560 --> 00:31:25,360
Speaker 2: it will come back after all.

607
00:31:25,480 --> 00:31:27,480
Speaker 1: Right, Well, as we wrap up today's episode, what does

608
00:31:27,520 --> 00:31:30,200
Speaker 1: your future look like looking ahead? Like, what are you

609
00:31:30,240 --> 00:31:34,040
Speaker 1: know your portfolio is, as you mentioned, is the seven

610
00:31:34,120 --> 00:31:38,720
Speaker 1: figure mark, which is outstanding you know where like what

611
00:31:38,760 --> 00:31:41,080
Speaker 1: are your what have you got your eyes on? You know,

612
00:31:41,160 --> 00:31:43,040
Speaker 1: in your journey because obviously it's not like you hit

613
00:31:43,440 --> 00:31:46,080
Speaker 1: a seven figure and then just shut up shot necessarily

614
00:31:46,240 --> 00:31:47,760
Speaker 1: for some of course you want to. But you know,

615
00:31:47,840 --> 00:31:50,680
Speaker 1: you sound like someone who's very motivated, very ambitious, like

616
00:31:50,720 --> 00:31:53,840
Speaker 1: where what are the next you know, exciting things that

617
00:31:53,880 --> 00:31:56,360
Speaker 1: you were looking to sink your teeth into with this journey.

618
00:31:57,000 --> 00:31:59,080
Speaker 2: Oh yeah, we sort of hit this plateau, this wall.

619
00:31:59,120 --> 00:32:03,560
Speaker 2: We're going, well, we've developed four pots that we're working

620
00:32:03,560 --> 00:32:06,960
Speaker 2: on toward our retirement. We've got two superannuation accounts and

621
00:32:07,080 --> 00:32:10,640
Speaker 2: two external portfolios. Between those four pots, we're going to

622
00:32:10,720 --> 00:32:15,800
Speaker 2: create a beautiful retirement fund for ourselves. We're also going

623
00:32:15,840 --> 00:32:19,200
Speaker 2: to have a drawdown strategy that leaves a beautiful legacy

624
00:32:19,200 --> 00:32:21,720
Speaker 2: behind for our children. So we're not drawing down and

625
00:32:21,760 --> 00:32:24,320
Speaker 2: eating out the capitol. We're only drawing down three or

626
00:32:24,360 --> 00:32:27,840
Speaker 2: four percent, So what you're still left behind is still

627
00:32:27,880 --> 00:32:31,320
Speaker 2: generating income for the kids. I really hope that I

628
00:32:31,360 --> 00:32:35,960
Speaker 2: can do some more education on tax efficient strategies going forward,

629
00:32:36,520 --> 00:32:39,000
Speaker 2: and making sure that I set up for the children

630
00:32:39,000 --> 00:32:43,680
Speaker 2: in a legacy way that protects them from divorce, because

631
00:32:43,720 --> 00:32:46,840
Speaker 2: you know, it's a factive life, yep. Making sure that

632
00:32:46,880 --> 00:32:50,400
Speaker 2: the kids are comfortable as adults, but also my grandchildren.

633
00:32:50,680 --> 00:32:52,600
Speaker 2: I want to be able to sit up education funds

634
00:32:52,600 --> 00:32:56,440
Speaker 2: that then make sure that they have something left from

635
00:32:56,600 --> 00:32:57,520
Speaker 2: their grandparents too.

636
00:32:58,760 --> 00:33:04,000
Speaker 1: What beautiful and brilliant ideas and goals and dreams you've got,

637
00:33:04,040 --> 00:33:07,320
Speaker 1: And I have no doubt that they are well within

638
00:33:07,360 --> 00:33:10,560
Speaker 1: your reach and that you're already significantly it's substantially on

639
00:33:10,600 --> 00:33:13,760
Speaker 1: the way to achieving those. So I can't help myself

640
00:33:13,760 --> 00:33:18,120
Speaker 1: but feel incredibly inspired and motivated by your energy and

641
00:33:18,240 --> 00:33:22,480
Speaker 1: your drive and tenacity. So you know, thank you so much.

642
00:33:22,520 --> 00:33:25,280
Speaker 1: And you know, as we end up right now, what

643
00:33:25,360 --> 00:33:27,680
Speaker 1: is the last piece of advice you would give to

644
00:33:27,720 --> 00:33:31,280
Speaker 1: someone you know listening to this right now, who hasn't

645
00:33:31,320 --> 00:33:33,000
Speaker 1: gotten started. What would you say to them?

646
00:33:34,120 --> 00:33:38,400
Speaker 2: Investing is not for rich people, It's for everyday people.

647
00:33:39,080 --> 00:33:41,960
Speaker 2: I'm a regular person. I'm a mum of free I've

648
00:33:42,080 --> 00:33:44,560
Speaker 2: educated myself and I've done it and I know that

649
00:33:44,640 --> 00:33:49,200
Speaker 2: everyone can do it too, and starting small is okay.

650
00:33:49,520 --> 00:33:52,520
Speaker 2: You know, you start small and the snowball games traction,

651
00:33:52,640 --> 00:33:53,080
Speaker 2: and it's.

652
00:33:53,040 --> 00:33:57,160
Speaker 3: Very exciting and very motivating. Communicating with your partner is

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00:33:57,360 --> 00:34:00,080
Speaker 3: very important and making sure you're on the same page.

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00:34:00,680 --> 00:34:03,520
Speaker 3: Working as a team is definitely how we've got to

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00:34:03,560 --> 00:34:04,120
Speaker 3: where we are.

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00:34:04,720 --> 00:34:07,360
Speaker 2: My husband and I are an amazing team. And when

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00:34:07,400 --> 00:34:09,960
Speaker 2: I'm feeling overwhelmed or I've got questions, he backs me up,

658
00:34:09,960 --> 00:34:11,960
Speaker 2: and where he doesn't really quite know that, I back

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00:34:12,040 --> 00:34:15,360
Speaker 2: him up. So we are regular people. There couldn't be

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00:34:15,440 --> 00:34:16,120
Speaker 2: any more vanilla.

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00:34:16,120 --> 00:34:20,440
Speaker 1: Thank I think you need to stop calling yourself vanilla.

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00:34:20,520 --> 00:34:23,480
Speaker 1: I think you may feel ordinary, but I think you

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00:34:23,520 --> 00:34:24,480
Speaker 1: are extraordinary.

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00:34:25,120 --> 00:34:25,800
Speaker 2: Thank you, Kenna.

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00:34:26,760 --> 00:34:29,319
Speaker 1: Well, thank you everyone to listen to today's episode on

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00:34:29,360 --> 00:34:32,440
Speaker 1: Sugar Mum's Fireplay. I mean, what an incredible story. If

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00:34:32,440 --> 00:34:34,879
Speaker 1: this doesn't inspire to start making change in your life,

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00:34:34,920 --> 00:34:36,799
Speaker 1: but I don't know what else to do with you,

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00:34:36,920 --> 00:34:39,520
Speaker 1: So please make sure you have a think about you know,

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00:34:39,600 --> 00:34:41,600
Speaker 1: this story, what you've heard, and all the little bits

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00:34:41,640 --> 00:34:44,239
Speaker 1: of tips in sites and hacks that we had just

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00:34:44,320 --> 00:34:47,440
Speaker 1: been shared with you. Margaret, thank you so much for

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00:34:47,440 --> 00:34:50,759
Speaker 1: coming on today's episode. I can't thank you enough. I

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00:34:50,800 --> 00:34:53,360
Speaker 1: will make sure I link in the podcast notes the

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00:34:53,360 --> 00:34:56,400
Speaker 1: books that you mentioned, obviously Peter Thornhill's Motivated Money, The

676
00:34:56,719 --> 00:35:01,040
Speaker 1: Thousand Dollars Project, Mindful Money, and of course Therefore Investors

677
00:35:01,200 --> 00:35:04,160
Speaker 1: book about by Scott. So thank you again for coming

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00:35:04,239 --> 00:35:06,200
Speaker 1: on and I'm incredibly grateful.

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00:35:06,719 --> 00:35:08,480
Speaker 2: Thank you, Kenna, it was really love to meet you.

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00:35:09,160 --> 00:35:09,520
Speaker 1: Thank you,