1
00:00:00,680 --> 00:00:05,040
Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud Order

2
00:00:05,160 --> 00:00:08,760
Speaker 1: Order Kerni Whoaltbury and a waddery woman. And before we

3
00:00:08,800 --> 00:00:11,440
Speaker 1: get started on She's on the Money podcast, I would

4
00:00:11,520 --> 00:00:14,520
Speaker 1: like to acknowledge the traditional custodians of the land of

5
00:00:14,560 --> 00:00:18,680
Speaker 1: which this podcast is recorded on a wondery country, acknowledging

6
00:00:18,680 --> 00:00:22,560
Speaker 1: the elders, the ancestors and the next generation coming through.

7
00:00:23,040 --> 00:00:27,159
Speaker 1: As this podcast is about connecting, empowering, knowledge sharing and

8
00:00:27,200 --> 00:00:30,560
Speaker 1: the storytelling of you to make a difference for today

9
00:00:31,040 --> 00:00:33,080
Speaker 1: and lasting impact for tomorrow.

10
00:00:33,320 --> 00:00:34,200
Speaker 2: Let's get into it.

11
00:00:34,360 --> 00:00:53,600
Speaker 3: She's on the Money, She's on the Money.

12
00:00:57,280 --> 00:01:01,040
Speaker 4: Hello, and welcome to She's on the Money Podcast. Millennials

13
00:01:01,040 --> 00:01:04,840
Speaker 4: who want financial freedom. Welcome back to another money diary

14
00:01:04,959 --> 00:01:07,880
Speaker 4: where I get the absolute privilege of sitting down with

15
00:01:07,959 --> 00:01:10,080
Speaker 4: one of our She's on the Money community members and

16
00:01:10,200 --> 00:01:13,480
Speaker 4: asking them all the pervy details about their money story.

17
00:01:13,959 --> 00:01:16,520
Speaker 4: Quick side note before we dive in, I'm just giving

18
00:01:16,560 --> 00:01:18,839
Speaker 4: you a heads up our money diaries this week comes

19
00:01:18,840 --> 00:01:21,280
Speaker 4: from a very rural area and there are a few

20
00:01:21,319 --> 00:01:24,360
Speaker 4: moments where the Internet has caused some crackling in the audio,

21
00:01:24,400 --> 00:01:27,480
Speaker 4: which I know is super frustrating. It happens mostly in

22
00:01:27,520 --> 00:01:30,200
Speaker 4: the beginning, but trust me, it's worth sticking around for

23
00:01:30,319 --> 00:01:33,040
Speaker 4: because there are so many amazing insights in this money Diary,

24
00:01:33,080 --> 00:01:35,520
Speaker 4: and I can't wait to share it with you. Crackle

25
00:01:35,640 --> 00:01:38,680
Speaker 4: and all. Let's jump straight into it, because this week

26
00:01:38,760 --> 00:01:42,000
Speaker 4: I got an email and it sounded like this, dear,

27
00:01:42,080 --> 00:01:45,080
Speaker 4: she's on the money. Growing up, my family lived their

28
00:01:45,240 --> 00:01:48,640
Speaker 4: champagne life on a beer budget. I was a successful

29
00:01:48,720 --> 00:01:52,160
Speaker 4: child model, and it wasn't until I was older I

30
00:01:52,200 --> 00:01:55,080
Speaker 4: realized my parents had been using my earnings to pay

31
00:01:55,080 --> 00:01:57,600
Speaker 4: for our lifestyle and there was none of it left.

32
00:01:58,200 --> 00:02:01,760
Speaker 4: Despite having no financial role model and not being able

33
00:02:01,800 --> 00:02:04,480
Speaker 4: to work because of a lack of childcare where I lived,

34
00:02:04,800 --> 00:02:07,480
Speaker 4: I was in an okay position as my husband had

35
00:02:07,520 --> 00:02:10,120
Speaker 4: a good job. That was until life took a turn

36
00:02:10,160 --> 00:02:13,400
Speaker 4: and his health issues forced me to become the sole breadwinner.

37
00:02:13,760 --> 00:02:18,160
Speaker 4: At thirty six, navigating life with ADHD, I'm determined to

38
00:02:18,240 --> 00:02:21,399
Speaker 4: break free from the financial trauma my parents passed down

39
00:02:21,440 --> 00:02:24,720
Speaker 4: to me. Starting your masterclass, I was brought to tears

40
00:02:24,760 --> 00:02:27,560
Speaker 4: by the first module. Now I'm on a mission to

41
00:02:27,639 --> 00:02:33,280
Speaker 4: rewrite my financial story and build the future. I deserve money, Diarist.

42
00:02:33,960 --> 00:02:37,120
Speaker 4: That's a lot going on, isn't it. I know that

43
00:02:37,280 --> 00:02:41,120
Speaker 4: sounds heartbreaking to have done work and I mean, yes,

44
00:02:41,200 --> 00:02:43,359
Speaker 4: you were a child, but like to have done work,

45
00:02:43,360 --> 00:02:45,320
Speaker 4: and I'm assuming you just thought that was being put

46
00:02:45,320 --> 00:02:47,720
Speaker 4: in an account for later to find out there was

47
00:02:47,800 --> 00:02:50,600
Speaker 4: none of it, Like what was that?

48
00:02:50,800 --> 00:02:50,920
Speaker 2: Like?

49
00:02:51,360 --> 00:02:54,680
Speaker 5: I think for me, I didn't fully understand why they

50
00:02:54,720 --> 00:02:57,440
Speaker 5: did it. But they also went through a period of

51
00:02:58,000 --> 00:03:01,040
Speaker 5: job loss, mortgage rates being at a in to twenty

52
00:03:01,080 --> 00:03:04,680
Speaker 5: percent when they bought their home, and just raising three

53
00:03:04,760 --> 00:03:09,880
Speaker 5: kids with income would have been challenging. But at the

54
00:03:09,919 --> 00:03:13,120
Speaker 5: same time, they never made us feel like we were

55
00:03:13,160 --> 00:03:13,800
Speaker 5: going without.

56
00:03:14,240 --> 00:03:16,280
Speaker 4: Yeah, so it kind of went on the family. It

57
00:03:16,360 --> 00:03:19,760
Speaker 4: wasn't there being cheeky or rude. They were kind of like, ah,

58
00:03:19,800 --> 00:03:23,080
Speaker 4: this is income coming into our business or you know,

59
00:03:23,240 --> 00:03:23,760
Speaker 4: our home.

60
00:03:24,080 --> 00:03:24,360
Speaker 2: Yeah.

61
00:03:24,440 --> 00:03:26,600
Speaker 4: I feel like it's a fickle position to be in

62
00:03:26,680 --> 00:03:28,560
Speaker 4: because I think if you and I sat down and said,

63
00:03:28,560 --> 00:03:30,440
Speaker 4: you know, if a child owns money, whose is it,

64
00:03:30,480 --> 00:03:32,320
Speaker 4: I think we'd both be like, well, it's the child's

65
00:03:32,320 --> 00:03:34,440
Speaker 4: it needs to put in an account for them. But

66
00:03:34,600 --> 00:03:37,200
Speaker 4: like at the time, I'm sure that that was just

67
00:03:37,440 --> 00:03:39,960
Speaker 4: maybe not part of the conversation, Like I feel like

68
00:03:40,040 --> 00:03:44,280
Speaker 4: it wasn't until now that we are really prioritizing creating

69
00:03:44,360 --> 00:03:47,920
Speaker 4: wealth for future generations through their own savings and their

70
00:03:47,960 --> 00:03:51,920
Speaker 4: own investments. It's always exactly Yeah, a fickle conversation to have.

71
00:03:52,080 --> 00:03:54,240
Speaker 4: I want to learn so much more about you, at

72
00:03:54,280 --> 00:03:56,720
Speaker 4: least is so pervy. But let's start with the question.

73
00:03:56,840 --> 00:04:00,240
Speaker 4: I always start with money, Darist. What would you give

74
00:04:00,240 --> 00:04:03,000
Speaker 4: yourself if I asked you to grade your money habits

75
00:04:03,000 --> 00:04:04,680
Speaker 4: from an A through to F today?

76
00:04:04,800 --> 00:04:05,520
Speaker 2: Probably a D.

77
00:04:06,440 --> 00:04:10,040
Speaker 5: So I am really good with budgeting, really good with

78
00:04:10,120 --> 00:04:14,000
Speaker 5: things on paper, but the adsh side of my brain

79
00:04:14,880 --> 00:04:17,799
Speaker 5: likes to be the spender in the relationships.

80
00:04:17,839 --> 00:04:21,640
Speaker 4: So yeah, it's like having an alter ego. She's a

81
00:04:21,640 --> 00:04:24,960
Speaker 4: little bit spendy. I get it, I get it. Yeah,

82
00:04:25,200 --> 00:04:27,680
Speaker 4: money Dorist, I want to know more about your money story.

83
00:04:27,680 --> 00:04:30,480
Speaker 4: I feel like there's a very interesting story. As you said,

84
00:04:30,600 --> 00:04:32,760
Speaker 4: you've packed a lot into your thirty six years. Can

85
00:04:32,800 --> 00:04:35,239
Speaker 4: you tell me a bit more about that journey?

86
00:04:35,480 --> 00:04:35,560
Speaker 2: So?

87
00:04:35,960 --> 00:04:39,160
Speaker 5: I have worked full time since I was about sixteen.

88
00:04:40,200 --> 00:04:42,640
Speaker 5: The only time that I haven't worked is when I

89
00:04:42,680 --> 00:04:44,239
Speaker 5: had my daughter and became.

90
00:04:44,080 --> 00:04:44,719
Speaker 2: A single mum.

91
00:04:45,480 --> 00:04:50,720
Speaker 5: So lived off Senlink benefits for a little while, then

92
00:04:50,800 --> 00:04:55,320
Speaker 5: met my husband and lost all of those senalink benefits.

93
00:04:54,920 --> 00:04:59,320
Speaker 2: Because was too high. Then lack of childcare, I just

94
00:04:59,760 --> 00:05:03,560
Speaker 2: saw may not work, so we just made it work.

95
00:05:03,960 --> 00:05:06,599
Speaker 4: Oh my gosh. I feel like working since sixteen is

96
00:05:06,720 --> 00:05:09,080
Speaker 4: very relatable for a lot of us. I want to

97
00:05:09,080 --> 00:05:11,839
Speaker 4: know more about this journey of becoming a single mom,

98
00:05:11,880 --> 00:05:14,320
Speaker 4: and then not being a single mom and now becoming

99
00:05:14,320 --> 00:05:17,279
Speaker 4: the breadwinner. What led you to becoming the bread winner

100
00:05:17,279 --> 00:05:18,080
Speaker 4: in your family.

101
00:05:18,240 --> 00:05:23,599
Speaker 5: My husband kept making sacrifices for us when we met.

102
00:05:23,720 --> 00:05:26,320
Speaker 5: So if that meant I didn't have to find a job,

103
00:05:26,440 --> 00:05:28,880
Speaker 5: he didn't let me find a job and didn't tell

104
00:05:28,920 --> 00:05:31,320
Speaker 5: me I needed to find a job. If it meant

105
00:05:31,360 --> 00:05:34,920
Speaker 5: that we could go away on the weekend or I

106
00:05:34,960 --> 00:05:37,400
Speaker 5: could see my friends, he wouldn't make it happen. So

107
00:05:37,560 --> 00:05:41,279
Speaker 5: when he had health issues, I knew that that was

108
00:05:41,320 --> 00:05:43,440
Speaker 5: my chance to repay the favor, and I was very

109
00:05:43,440 --> 00:05:48,720
Speaker 5: fortunate to go back to my pre child job. So

110
00:05:49,520 --> 00:05:52,159
Speaker 5: it was the job that I love and I'll do

111
00:05:52,600 --> 00:05:55,760
Speaker 5: till retirement. But it just took a little while to

112
00:05:55,760 --> 00:05:56,440
Speaker 5: get back there.

113
00:05:56,640 --> 00:05:59,000
Speaker 4: Yeah, that's very fair. I want to know a bit

114
00:05:59,040 --> 00:06:02,720
Speaker 4: more about this. I mean, ADHD is something that I

115
00:06:02,760 --> 00:06:06,280
Speaker 4: have and I have been working with since I was

116
00:06:06,360 --> 00:06:08,880
Speaker 4: like seventeen when I found out, And I feel very

117
00:06:08,920 --> 00:06:12,360
Speaker 4: grateful that I got what I would call an early diagnosis,

118
00:06:12,440 --> 00:06:16,039
Speaker 4: especially in the space where women are usually either not

119
00:06:16,160 --> 00:06:18,680
Speaker 4: diagnosed or diagnosed really late. I feel like I've been

120
00:06:18,680 --> 00:06:21,160
Speaker 4: able to use this as kind of like a superpower.

121
00:06:21,480 --> 00:06:23,880
Speaker 4: And I know what medication can do, and I know

122
00:06:24,080 --> 00:06:27,040
Speaker 4: how you know this impacts me. And because of all

123
00:06:27,120 --> 00:06:29,479
Speaker 4: of that and all the research and the information I

124
00:06:29,480 --> 00:06:32,320
Speaker 4: guess surrounding it, I feel like I've been in the

125
00:06:32,320 --> 00:06:34,919
Speaker 4: best possible position. When did you find out that you

126
00:06:34,960 --> 00:06:37,640
Speaker 4: had ADHD? And the second you found out did you go?

127
00:06:37,920 --> 00:06:39,799
Speaker 4: Everything just makes sense now.

128
00:06:40,279 --> 00:06:44,520
Speaker 5: I found out when I was thirty five. So just

129
00:06:44,560 --> 00:06:48,560
Speaker 5: before my birthday last year, I found out. I had

130
00:06:48,560 --> 00:06:52,000
Speaker 5: a performance review with my boss at work and she

131
00:06:52,600 --> 00:06:56,039
Speaker 5: was diagnosed with ADHD and said, you are literally doing

132
00:06:56,120 --> 00:07:01,159
Speaker 5: everything that I do. Go and get tested. And I did.

133
00:07:01,160 --> 00:07:04,919
Speaker 5: And my best friend, who is a GP, said, I

134
00:07:04,960 --> 00:07:07,000
Speaker 5: can't believe, after all these.

135
00:07:06,920 --> 00:07:09,720
Speaker 2: Years, you finally have a diagnosis.

136
00:07:09,920 --> 00:07:13,360
Speaker 5: Imagine how how different your life would be if you

137
00:07:13,400 --> 00:07:14,960
Speaker 5: found out at fifteen or sixteen.

138
00:07:15,240 --> 00:07:18,720
Speaker 4: Legitimately, like it's something that now you look back on it,

139
00:07:18,760 --> 00:07:20,640
Speaker 4: do you go, oh my god, this makes so much

140
00:07:20,680 --> 00:07:23,320
Speaker 4: more sense, like as to why I struggled in these

141
00:07:23,400 --> 00:07:26,000
Speaker 4: areas or this was really hard, or I just couldn't

142
00:07:26,040 --> 00:07:28,720
Speaker 4: seem to catch up with where everybody else was at,

143
00:07:28,760 --> 00:07:31,760
Speaker 4: Like is that something that you're still, I guess grappling with,

144
00:07:31,840 --> 00:07:35,480
Speaker 4: because I would be frustrated. Like I even remember when

145
00:07:35,480 --> 00:07:39,320
Speaker 4: I was diagnosed, albeit very early at seventeen, I still

146
00:07:39,360 --> 00:07:42,160
Speaker 4: remember being like, are you saying that school wasn't meant

147
00:07:42,200 --> 00:07:44,080
Speaker 4: to be as hard as it was? Are you saying

148
00:07:44,160 --> 00:07:46,880
Speaker 4: that no one else was having these struggles with motivation?

149
00:07:46,960 --> 00:07:49,320
Speaker 4: No one else was having these struggles with just getting it?

150
00:07:49,400 --> 00:07:52,880
Speaker 4: Like I'd remember being quite frustrated, But I can imagine

151
00:07:52,880 --> 00:07:55,520
Speaker 4: that that would be only amplified if I found out

152
00:07:55,560 --> 00:07:56,320
Speaker 4: at thirty five.

153
00:07:56,600 --> 00:07:59,560
Speaker 5: Yeah, one thing for me was the amount of jobs

154
00:07:59,560 --> 00:08:02,920
Speaker 5: that I went through after I had my daughter. It

155
00:08:03,160 --> 00:08:07,560
Speaker 5: was a good amount in like five years, and it

156
00:08:07,600 --> 00:08:10,120
Speaker 5: was just that I didn't feel like I fitted in anywhere.

157
00:08:11,000 --> 00:08:12,640
Speaker 2: So that would be my biggest thing.

158
00:08:13,520 --> 00:08:16,320
Speaker 5: If I just chosen the industry that I'm in now,

159
00:08:16,720 --> 00:08:20,720
Speaker 5: straight up, it would be very different to having like

160
00:08:20,960 --> 00:08:24,119
Speaker 5: thirty jobs over my thirty six years.

161
00:08:24,160 --> 00:08:26,320
Speaker 4: But you just don't know what. You don't know exactly like,

162
00:08:26,360 --> 00:08:28,120
Speaker 4: there's no way that you would have been able to

163
00:08:28,120 --> 00:08:30,960
Speaker 4: predict that. And obviously, for those of you who don't

164
00:08:31,040 --> 00:08:33,520
Speaker 4: have ADHD, you might be going, well, how does that

165
00:08:33,559 --> 00:08:38,080
Speaker 4: impact you? ADHD manifests so differently in women than in

166
00:08:38,240 --> 00:08:40,920
Speaker 4: men that often we internalize a lot of it and

167
00:08:41,000 --> 00:08:44,520
Speaker 4: mask our behavior and we just from the outside looking in,

168
00:08:44,840 --> 00:08:48,160
Speaker 4: you might go, no, she absolutely doesn't have ADHD, and

169
00:08:48,200 --> 00:08:50,960
Speaker 4: that's us being really good at masking it. I'm interested

170
00:08:50,960 --> 00:08:53,160
Speaker 4: to hear that your best friend was a GP though

171
00:08:53,440 --> 00:08:56,000
Speaker 4: did she see it or did she go, oh my gosh,

172
00:08:56,080 --> 00:08:59,000
Speaker 4: this makes so much sense, or like, what was that conversation.

173
00:08:58,720 --> 00:09:00,880
Speaker 5: Like she said to me, Oh my god, this makes

174
00:09:00,880 --> 00:09:04,760
Speaker 5: so much sense. Imagine the jobs you could have not done,

175
00:09:04,960 --> 00:09:08,520
Speaker 5: Imagine the boyfriends you could have not had. She's very

176
00:09:08,559 --> 00:09:11,920
Speaker 5: straight to the point and very blunt, and that's why

177
00:09:11,920 --> 00:09:12,800
Speaker 5: we're best friends.

178
00:09:12,960 --> 00:09:15,200
Speaker 4: I love her. I love her. What an icon? And

179
00:09:15,240 --> 00:09:18,520
Speaker 4: now what's life like that? You know you have ADHD?

180
00:09:18,679 --> 00:09:22,320
Speaker 4: Like you've obviously been diagnosed, Like, where on this journey

181
00:09:22,320 --> 00:09:22,800
Speaker 4: are you at?

182
00:09:23,000 --> 00:09:26,120
Speaker 5: I am now at the point where I have realized

183
00:09:26,160 --> 00:09:29,000
Speaker 5: that I have ADHD and it's not a bad thing.

184
00:09:29,679 --> 00:09:31,840
Speaker 5: Twelve months ago I went through a bit of a

185
00:09:31,880 --> 00:09:37,200
Speaker 5: midlife crisis because I was trying to trying to navigate

186
00:09:37,240 --> 00:09:39,840
Speaker 5: this whole new thing and trying to work out what

187
00:09:39,880 --> 00:09:42,440
Speaker 5: I was doing good, what I was doing bad. But

188
00:09:42,640 --> 00:09:45,200
Speaker 5: fortunately for me, the job that I have gives me

189
00:09:45,240 --> 00:09:47,600
Speaker 5: my little jop I meane hit, So it never really

190
00:09:47,679 --> 00:09:52,439
Speaker 5: came about in the very random ways that it does.

191
00:09:53,000 --> 00:09:53,600
Speaker 2: In my job.

192
00:09:53,720 --> 00:09:56,880
Speaker 4: So very cool. I love that you found something that

193
00:09:57,000 --> 00:10:00,079
Speaker 4: fits with you. So now I want to know what

194
00:10:00,160 --> 00:10:02,080
Speaker 4: do you do for work? How much are you earning

195
00:10:02,120 --> 00:10:04,160
Speaker 4: as the breadwinner in your family currently?

196
00:10:04,440 --> 00:10:08,320
Speaker 5: So I work for a national equipment hire company. My

197
00:10:08,440 --> 00:10:11,600
Speaker 5: income at the moment is just over seventy thousand a year,

198
00:10:12,360 --> 00:10:15,200
Speaker 5: but hopefully in the next felve months will go up

199
00:10:15,920 --> 00:10:17,280
Speaker 5: to about eighty or ninety.

200
00:10:17,520 --> 00:10:19,520
Speaker 4: Yeah cool, Why is that going to go up?

201
00:10:19,760 --> 00:10:24,840
Speaker 5: I am doing a leadership program, I cool, will hopefully

202
00:10:24,880 --> 00:10:29,319
Speaker 5: take over managing an area of my business, which will

203
00:10:29,360 --> 00:10:30,040
Speaker 5: be really cool.

204
00:10:30,240 --> 00:10:30,960
Speaker 2: I love that.

205
00:10:31,200 --> 00:10:33,800
Speaker 4: So tell me more about this leadership program. Are your

206
00:10:33,840 --> 00:10:36,200
Speaker 4: work funding it for you or is this self funded

207
00:10:36,320 --> 00:10:37,400
Speaker 4: or how did that come about?

208
00:10:37,600 --> 00:10:40,280
Speaker 2: No work, work funded, which is amazing.

209
00:10:41,080 --> 00:10:46,240
Speaker 5: And they essentially it's a nomination based program where they

210
00:10:46,720 --> 00:10:51,480
Speaker 5: see good and bad in the business and it's just

211
00:10:51,720 --> 00:10:56,680
Speaker 5: a way of getting women especially involved because our industry

212
00:10:56,800 --> 00:10:58,720
Speaker 5: is very male dominated.

213
00:10:59,000 --> 00:11:03,160
Speaker 4: I can imagine equipment higher being quite masculine. Do you

214
00:11:03,240 --> 00:11:06,199
Speaker 4: work with lots of women like you said that it's

215
00:11:06,200 --> 00:11:08,720
Speaker 4: a male dominated industry. Is that the same for your

216
00:11:08,800 --> 00:11:11,120
Speaker 4: workplace or what does that look like day to day?

217
00:11:11,440 --> 00:11:14,160
Speaker 5: Yeah, it's definitely the same for my workplace. I have

218
00:11:15,040 --> 00:11:18,640
Speaker 5: a male boss now I used to have a female boss,

219
00:11:19,000 --> 00:11:24,760
Speaker 5: and I have a male mechanic and male salespeople, so

220
00:11:25,000 --> 00:11:28,679
Speaker 5: it is very male dominated. Plus the industries that we

221
00:11:28,840 --> 00:11:31,679
Speaker 5: deal with where I live are very male dominated as well.

222
00:11:31,920 --> 00:11:34,560
Speaker 4: Yeah, wow wow, I feel like that would be a

223
00:11:34,600 --> 00:11:38,319
Speaker 4: lot as well as going through this ADHD diagnosis, You're

224
00:11:38,360 --> 00:11:40,360
Speaker 4: just like, oh my gosh, my life has been sent

225
00:11:40,440 --> 00:11:42,720
Speaker 4: into a spin. No longer do I know exactly who

226
00:11:42,760 --> 00:11:45,600
Speaker 4: I am. I'm finding out who she is. But there

227
00:11:45,600 --> 00:11:47,680
Speaker 4: are a lot of people who probably don't understand to

228
00:11:47,720 --> 00:11:50,240
Speaker 4: this journey to begin with that are surrounding me.

229
00:11:50,760 --> 00:11:51,080
Speaker 2: Yeah.

230
00:11:51,120 --> 00:11:54,640
Speaker 4: One, like, there's just not that level of support you

231
00:11:54,679 --> 00:11:59,120
Speaker 4: deserve right now. So I definitely can see that money diarist.

232
00:11:59,200 --> 00:12:01,360
Speaker 4: I want to know you setting your email in and

233
00:12:01,400 --> 00:12:03,400
Speaker 4: I thought this was the sweetest thing ever and I

234
00:12:03,440 --> 00:12:06,080
Speaker 4: really want to know more about it, you said, starting

235
00:12:06,080 --> 00:12:09,400
Speaker 4: your masterclass. I was brought to tears by the first module. Now,

236
00:12:09,440 --> 00:12:11,680
Speaker 4: the first module I really talk about like your money

237
00:12:11,760 --> 00:12:14,160
Speaker 4: story and what that means to you, and how important

238
00:12:14,200 --> 00:12:17,000
Speaker 4: it is to set goals one. Why did that make

239
00:12:17,040 --> 00:12:20,280
Speaker 4: you cry? What's that like? And to tell me about

240
00:12:20,280 --> 00:12:22,360
Speaker 4: these goals? What are we working towards?

241
00:12:22,679 --> 00:12:28,800
Speaker 5: Growing up, I didn't have very good habits around money.

242
00:12:29,160 --> 00:12:33,360
Speaker 5: So I had my parents who would obviously spend quite

243
00:12:33,360 --> 00:12:37,560
Speaker 5: big and they would get finance for everything humanly possible

244
00:12:37,920 --> 00:12:43,840
Speaker 5: that you could imagine. Then, moving eight hundred and something

245
00:12:43,920 --> 00:12:47,360
Speaker 5: kilometers away from my home and everything that I knew.

246
00:12:47,760 --> 00:12:53,440
Speaker 2: Again struggled with what needed to do so for me.

247
00:12:53,559 --> 00:12:57,600
Speaker 5: I didn't really understand what values I had around money

248
00:12:57,760 --> 00:13:01,480
Speaker 5: and what aspect of money needed to change in my

249
00:13:01,559 --> 00:13:03,960
Speaker 5: life until I met my husband.

250
00:13:04,600 --> 00:13:05,840
Speaker 4: And what does that look like?

251
00:13:06,000 --> 00:13:06,360
Speaker 2: Now?

252
00:13:06,840 --> 00:13:11,960
Speaker 5: We have two amazing little children and we basically want

253
00:13:11,960 --> 00:13:16,280
Speaker 5: to give them everything that we can, so we make

254
00:13:16,679 --> 00:13:20,120
Speaker 5: everything about family. We make sure that we give our

255
00:13:20,200 --> 00:13:28,320
Speaker 5: kids experiences instead of materialistic things. We make sure that

256
00:13:28,400 --> 00:13:30,960
Speaker 5: we tell them that we love them. We make sure

257
00:13:31,000 --> 00:13:35,800
Speaker 5: that we show them how expensive things are so they

258
00:13:35,880 --> 00:13:38,960
Speaker 5: can understand the value of money from an early age

259
00:13:39,240 --> 00:13:44,200
Speaker 5: instead of getting to the point of me where I

260
00:13:44,240 --> 00:13:49,199
Speaker 5: was fifteen and not having a clue about money. With

261
00:13:49,240 --> 00:13:52,719
Speaker 5: my daughter, she is starting to lose her teeth and

262
00:13:52,760 --> 00:13:57,240
Speaker 5: she saves up her truth fairy money for our holidays.

263
00:13:57,559 --> 00:14:00,520
Speaker 5: So she's got big goals of overseas holidays.

264
00:14:00,559 --> 00:14:04,440
Speaker 2: Oh, I love this, which is really sweet, Like, you know,

265
00:14:04,640 --> 00:14:06,280
Speaker 2: I want our.

266
00:14:05,760 --> 00:14:08,640
Speaker 5: Kids to have those experiences because I missed out on

267
00:14:08,679 --> 00:14:09,640
Speaker 5: those as a child.

268
00:14:10,000 --> 00:14:12,280
Speaker 4: I feel like now i'm a mum, I can really

269
00:14:12,320 --> 00:14:15,160
Speaker 4: resonate with that, Like I want Harvey to have everything

270
00:14:15,280 --> 00:14:19,040
Speaker 4: that I didn't have or you know, experiences that I

271
00:14:19,120 --> 00:14:21,840
Speaker 4: wasn't able to have. But I mean, this is so lame.

272
00:14:21,920 --> 00:14:25,360
Speaker 4: But the other day I found on Facebook marketplace these

273
00:14:25,400 --> 00:14:29,520
Speaker 4: Winnie the Pooh bookends that I remember seeing when I

274
00:14:29,560 --> 00:14:31,240
Speaker 4: was little, and I don't know how they ended up

275
00:14:31,280 --> 00:14:33,240
Speaker 4: popping up, but they popped up and I was like,

276
00:14:33,280 --> 00:14:36,720
Speaker 4: oh my gosh, those are those bookends that I desperately wanted.

277
00:14:37,360 --> 00:14:39,440
Speaker 4: So I bought them for Harvey, Like I feel like

278
00:14:39,600 --> 00:14:43,040
Speaker 4: I get to relive my childhood through him, and I

279
00:14:43,120 --> 00:14:46,120
Speaker 4: never thought that I would be that person. Tell me

280
00:14:46,280 --> 00:14:48,680
Speaker 4: how you're teaching your kids about money, though, I want

281
00:14:48,680 --> 00:14:52,400
Speaker 4: to know, like, what does that look like? Now, obviously

282
00:14:52,480 --> 00:14:55,120
Speaker 4: you've got a daughter who's old enough to get, you know,

283
00:14:55,560 --> 00:15:00,040
Speaker 4: tooth fairy money. How are you having these conversations to

284
00:15:00,280 --> 00:15:02,120
Speaker 4: educate but maybe not overwhelm.

285
00:15:02,440 --> 00:15:05,800
Speaker 5: We sit down with our kids and we tell them

286
00:15:05,840 --> 00:15:09,640
Speaker 5: when we're buying something how much it will cost and

287
00:15:10,320 --> 00:15:12,120
Speaker 5: if we can go to another shop. So when we

288
00:15:12,160 --> 00:15:16,320
Speaker 5: do wear grocery shopping, we will explain to our daughter,

289
00:15:16,440 --> 00:15:20,600
Speaker 5: especially that we can buy her a packet of Oreos,

290
00:15:20,720 --> 00:15:25,240
Speaker 5: which might be three dollars fifty, or we can buy

291
00:15:25,240 --> 00:15:29,040
Speaker 5: her a packet of the home brand chocolate biscuits that

292
00:15:29,160 --> 00:15:33,160
Speaker 5: might be a dollar or a dollar fifty. They're essentially

293
00:15:33,200 --> 00:15:36,680
Speaker 5: the same item, but there's a cheaper way of doing.

294
00:15:36,440 --> 00:15:38,360
Speaker 4: It, and you can still have your cake and eat

295
00:15:38,400 --> 00:15:38,720
Speaker 4: it too.

296
00:15:39,080 --> 00:15:41,640
Speaker 5: Yeah, you can still have that treat, but it's not

297
00:15:41,720 --> 00:15:44,840
Speaker 5: going to be the brand name. But when the brand

298
00:15:44,920 --> 00:15:48,840
Speaker 5: names are on special, we'll always buy them, and that's

299
00:15:48,880 --> 00:15:49,520
Speaker 5: their reward.

300
00:15:50,160 --> 00:15:53,000
Speaker 4: And it means that probably when you're grocery shopping, she's

301
00:15:53,080 --> 00:15:55,320
Speaker 4: keeping her eye out and making sure that she's on

302
00:15:55,360 --> 00:15:57,360
Speaker 4: top of it. And I'm assuming that when you said

303
00:15:58,080 --> 00:16:01,320
Speaker 4: mainly my daughter that's just an age, right, Like, that's

304
00:16:01,400 --> 00:16:04,480
Speaker 4: just because I'm assuming that your son is too young

305
00:16:04,560 --> 00:16:05,920
Speaker 4: to comprehend this just yet.

306
00:16:06,600 --> 00:16:11,480
Speaker 5: My son is three going on I think about thirteen most.

307
00:16:11,280 --> 00:16:11,880
Speaker 2: Of the time.

308
00:16:12,160 --> 00:16:13,200
Speaker 4: Oh yep, yep.

309
00:16:13,440 --> 00:16:20,080
Speaker 5: But he would see monster trucks, excavators, machines and just

310
00:16:20,160 --> 00:16:22,920
Speaker 5: buy them. He wouldn't care how much they cost.

311
00:16:23,200 --> 00:16:25,760
Speaker 4: I feel like that is a male versus female thing.

312
00:16:25,800 --> 00:16:29,160
Speaker 4: Are you finding that maybe the narrative around money that

313
00:16:29,240 --> 00:16:31,840
Speaker 4: you're teaching your daughter might not work for your son.

314
00:16:31,960 --> 00:16:33,640
Speaker 4: Are you going, Oh my gosh, like I thought I

315
00:16:33,680 --> 00:16:35,400
Speaker 4: had this nailed. Now I'm going to have to find

316
00:16:35,400 --> 00:16:37,960
Speaker 4: a different strategy. Like what do you think that will

317
00:16:38,000 --> 00:16:38,440
Speaker 4: look like?

318
00:16:38,840 --> 00:16:42,960
Speaker 5: Yeah, my son is a little negotiator already, so he

319
00:16:43,040 --> 00:16:47,240
Speaker 5: will always try and negotiate with me when we are

320
00:16:47,320 --> 00:16:50,560
Speaker 5: at the shops to buy him a truck because he's

321
00:16:50,600 --> 00:16:53,800
Speaker 5: been good at the shops. So he'll negotiate that. Whereas

322
00:16:53,840 --> 00:16:57,320
Speaker 5: my daughter, we'll negotiate to a degree, but it'll be

323
00:16:57,360 --> 00:17:00,120
Speaker 5: something that she really desperately wants to save up for,

324
00:17:00,920 --> 00:17:03,200
Speaker 5: not an instant reward like he wants.

325
00:17:03,560 --> 00:17:06,400
Speaker 4: I love that you're seeing their little personalities come out

326
00:17:06,440 --> 00:17:09,439
Speaker 4: from one's good at delayed gratification she's saving up for

327
00:17:09,480 --> 00:17:13,119
Speaker 4: her overseas holiday, and the others like monster truck right now,

328
00:17:13,440 --> 00:17:16,359
Speaker 4: right now, mum, yes, all right, let's go to a

329
00:17:16,400 --> 00:17:18,240
Speaker 4: really quick break on the flip side. I want to

330
00:17:18,240 --> 00:17:20,159
Speaker 4: know a bit more about debt and your best and

331
00:17:20,200 --> 00:17:23,240
Speaker 4: worst money habits and what your financial future looks like.

332
00:17:23,280 --> 00:17:30,080
Speaker 4: So guys, don't go anywhere money darist. We are back,

333
00:17:30,119 --> 00:17:31,800
Speaker 4: and I feel like we're having a really fun time

334
00:17:31,840 --> 00:17:34,760
Speaker 4: talking about teaching kids about money and how there's not

335
00:17:34,800 --> 00:17:37,440
Speaker 4: really a one size fits all approach, Like your daughter

336
00:17:37,520 --> 00:17:40,720
Speaker 4: seems to be a lot about delayed gratification, and your son,

337
00:17:40,800 --> 00:17:45,160
Speaker 4: albeit only three, seems to just really like that instant gratification.

338
00:17:46,040 --> 00:17:48,240
Speaker 4: How do you think that that's gonna work as they

339
00:17:48,280 --> 00:17:51,160
Speaker 4: get a little bit older. Is that something where you're

340
00:17:51,200 --> 00:17:53,919
Speaker 4: hoping maybe your son might learn from your daughter or

341
00:17:53,920 --> 00:17:56,640
Speaker 4: do you think that they'll always be just quite stoic

342
00:17:56,680 --> 00:17:58,600
Speaker 4: in their own personalities.

343
00:17:58,920 --> 00:18:01,840
Speaker 5: I think they will always have their own little personalities,

344
00:18:02,000 --> 00:18:05,679
Speaker 5: but we want to teach them both the same value,

345
00:18:05,720 --> 00:18:08,640
Speaker 5: and whatever that looks like to them, they can make

346
00:18:08,760 --> 00:18:11,000
Speaker 5: up their own mind. I don't want them to have

347
00:18:11,080 --> 00:18:15,520
Speaker 5: the same relationship that I've got, or that my husband

348
00:18:15,560 --> 00:18:19,240
Speaker 5: has where he remembers, you know, it was mince and

349
00:18:19,240 --> 00:18:23,600
Speaker 5: sausages for dinner because it was cheap, whereas and then

350
00:18:23,720 --> 00:18:27,320
Speaker 5: his parents have really good aspirations around money. Whereas for me,

351
00:18:27,680 --> 00:18:31,399
Speaker 5: it was we'd go out a lot, we'd have takeaway,

352
00:18:32,040 --> 00:18:36,119
Speaker 5: and I thought it was great because we were always

353
00:18:36,160 --> 00:18:37,040
Speaker 5: getting spoiled.

354
00:18:37,680 --> 00:18:40,000
Speaker 4: Yeah, which is amazing for a kid, But you don't

355
00:18:40,080 --> 00:18:43,040
Speaker 4: understand what that means in the biggest scheme of things, right,

356
00:18:43,160 --> 00:18:46,600
Speaker 4: or even how that impacts you now that you're thirty six, right, Yes.

357
00:18:46,600 --> 00:18:50,120
Speaker 5: Yeah, The reality for me was I saw it as

358
00:18:50,119 --> 00:18:52,600
Speaker 5: a treat, but as I got older, I saw it

359
00:18:52,760 --> 00:18:56,560
Speaker 5: as well. Mum and Dad didn't really want to cook,

360
00:18:56,880 --> 00:18:58,760
Speaker 5: or it was just convenient for them to go and

361
00:18:58,760 --> 00:18:59,480
Speaker 5: get takeaway.

362
00:19:00,280 --> 00:19:01,480
Speaker 2: So that's what we did.

363
00:19:01,600 --> 00:19:05,480
Speaker 5: Whether it cost twenty dollars or thirty dollars, they didn't

364
00:19:05,720 --> 00:19:07,800
Speaker 5: care because it was convenient.

365
00:19:08,160 --> 00:19:10,600
Speaker 4: Yeah, and I feel like all of us put a

366
00:19:10,640 --> 00:19:15,360
Speaker 4: price on convenience, but often that price eats into our

367
00:19:15,440 --> 00:19:18,760
Speaker 4: future goals and what we want to create moving forward.

368
00:19:19,160 --> 00:19:20,800
Speaker 4: You mentioned that your partner had a little bit of

369
00:19:20,840 --> 00:19:24,400
Speaker 4: a different lifestyle growing up. Is this something that you've

370
00:19:24,440 --> 00:19:26,239
Speaker 4: sat down with your partner and be like, all right,

371
00:19:26,240 --> 00:19:28,800
Speaker 4: tell me about your money story. I'll tell you about mine.

372
00:19:28,840 --> 00:19:31,680
Speaker 4: Like how do these money conversations come up in your marriage?

373
00:19:31,960 --> 00:19:34,760
Speaker 5: Yeah, so we're very fortunate early on that we had

374
00:19:34,800 --> 00:19:39,520
Speaker 5: good conversations about money. His parents have always been a

375
00:19:39,520 --> 00:19:44,240
Speaker 5: one income family and it's just always worked well for them,

376
00:19:45,119 --> 00:19:48,479
Speaker 5: And that was the initial shock for me to begin with,

377
00:19:48,600 --> 00:19:52,879
Speaker 5: because my mum worked part time and then full time,

378
00:19:53,400 --> 00:19:56,639
Speaker 5: and my dad always worked full time. If they wanted

379
00:19:56,680 --> 00:19:59,440
Speaker 5: to do something, they would save up. So they went

380
00:19:59,480 --> 00:20:02,280
Speaker 5: on a holiday to the Gold Coast, they went camping,

381
00:20:03,040 --> 00:20:07,639
Speaker 5: They did so many things as a family, and my

382
00:20:07,760 --> 00:20:11,280
Speaker 5: husband was shocked that I had not been to any

383
00:20:11,320 --> 00:20:14,120
Speaker 5: of the theme parks until I was an adult because

384
00:20:15,200 --> 00:20:18,280
Speaker 5: we didn't have the money to go on family holidays.

385
00:20:19,040 --> 00:20:22,040
Speaker 5: But we had a brand new TV, we had brand

386
00:20:22,080 --> 00:20:25,159
Speaker 5: new cars, we had a brand new mobile phone whenever

387
00:20:25,200 --> 00:20:30,560
Speaker 5: they came out. We just didn't have those experiences. So

388
00:20:30,760 --> 00:20:33,920
Speaker 5: he didn't have all those things, but he had the experiences.

389
00:20:34,240 --> 00:20:36,639
Speaker 4: It's crazy when you get to sit down with someone

390
00:20:36,680 --> 00:20:40,720
Speaker 4: and talk about how different your experiences were, because you

391
00:20:40,760 --> 00:20:43,160
Speaker 4: would you know, if we just put it on paper

392
00:20:43,280 --> 00:20:46,080
Speaker 4: and don't look at the details here, you would assume

393
00:20:46,119 --> 00:20:49,119
Speaker 4: that the parents where you have two full time working

394
00:20:49,240 --> 00:20:53,640
Speaker 4: parents would obviously have the more affluent experiences in life, right,

395
00:20:53,720 --> 00:20:56,080
Speaker 4: Like you just assume that that's the case, but that's

396
00:20:56,119 --> 00:20:58,760
Speaker 4: actually not the reality, because it's all about our value

397
00:20:58,840 --> 00:21:01,080
Speaker 4: system and what we know all about money and how

398
00:21:01,080 --> 00:21:03,720
Speaker 4: we allocate money, and you know, what we actually want

399
00:21:03,760 --> 00:21:05,439
Speaker 4: to do. And I'm sure if we sat your parents

400
00:21:05,440 --> 00:21:07,160
Speaker 4: down and said, you know, do you wish you had

401
00:21:07,359 --> 00:21:09,960
Speaker 4: different experiences as the kids were growing up, which or

402
00:21:09,960 --> 00:21:12,600
Speaker 4: they would have been like, yes, absolutely, But at the time,

403
00:21:12,640 --> 00:21:15,120
Speaker 4: you're just doing the best that you can. And it's

404
00:21:15,160 --> 00:21:17,919
Speaker 4: such a gift to be able to sit down and

405
00:21:17,920 --> 00:21:21,080
Speaker 4: be like, all right, husband, this is how I want

406
00:21:21,160 --> 00:21:23,360
Speaker 4: my kids to grow up. This is you know, what

407
00:21:23,400 --> 00:21:25,480
Speaker 4: we need to instill. These are the values that we

408
00:21:25,520 --> 00:21:28,000
Speaker 4: want to have. Like, it's just so cool that you

409
00:21:28,119 --> 00:21:30,760
Speaker 4: get to pick your values. And I think so often

410
00:21:31,400 --> 00:21:34,120
Speaker 4: we don't know that. We just assume no, no, no,

411
00:21:34,240 --> 00:21:36,159
Speaker 4: it's a given. This is just life. This is just

412
00:21:36,200 --> 00:21:39,880
Speaker 4: how it works. How old were you when you realized, actually,

413
00:21:40,480 --> 00:21:43,600
Speaker 4: this is completely in my control. You wrote at the

414
00:21:43,720 --> 00:21:46,439
Speaker 4: end of your submission, you said, now I'm on a

415
00:21:46,440 --> 00:21:49,880
Speaker 4: mission to rewrite my financial story and build the future

416
00:21:49,920 --> 00:21:52,520
Speaker 4: I deserve. How old were you when you realized that

417
00:21:52,640 --> 00:21:54,160
Speaker 4: was completely within your control?

418
00:21:54,480 --> 00:21:56,440
Speaker 2: I was thirty six.

419
00:21:58,160 --> 00:21:59,520
Speaker 4: Isn't it liberating? Though?

420
00:22:00,080 --> 00:22:00,119
Speaker 2: Is?

421
00:22:00,119 --> 00:22:02,960
Speaker 4: Then? It's so exciting knowing actually I can create the

422
00:22:03,000 --> 00:22:05,080
Speaker 4: life I deserve, Like I can do that all on

423
00:22:05,119 --> 00:22:06,760
Speaker 4: my own. It doesn't matter where I've come from, what

424
00:22:06,840 --> 00:22:09,880
Speaker 4: my story is, what my values were. They can be different,

425
00:22:10,240 --> 00:22:10,760
Speaker 4: that's right.

426
00:22:10,880 --> 00:22:14,840
Speaker 5: Like my kids are obviously quite young, but we are

427
00:22:14,880 --> 00:22:18,960
Speaker 5: about to take them on their second Gold Coast holiday.

428
00:22:19,359 --> 00:22:19,960
Speaker 4: I love that.

429
00:22:20,400 --> 00:22:23,199
Speaker 5: So they will go and have a week out at

430
00:22:23,200 --> 00:22:27,119
Speaker 5: the Gold Coast and absolutely love what they do. And

431
00:22:27,160 --> 00:22:30,439
Speaker 5: then our next big family holiday will be Japan in

432
00:22:30,480 --> 00:22:31,199
Speaker 5: a few years.

433
00:22:31,520 --> 00:22:33,520
Speaker 4: I love that. And the kids on board? Do they

434
00:22:33,560 --> 00:22:35,400
Speaker 4: know it's going to be Japan in a few years?

435
00:22:35,440 --> 00:22:37,840
Speaker 4: Are we like working towards this goal as a family.

436
00:22:38,119 --> 00:22:44,560
Speaker 5: My daughter has already got her kimono packed. Basically she

437
00:22:44,800 --> 00:22:45,760
Speaker 5: is ready.

438
00:22:46,320 --> 00:22:47,400
Speaker 4: What a little honey.

439
00:22:47,640 --> 00:22:53,919
Speaker 2: She is a little like Harodjooku girl. Basically she loves it.

440
00:22:54,320 --> 00:22:56,920
Speaker 4: She's so keen. Oh my gosh, I love this so much.

441
00:22:56,920 --> 00:22:58,720
Speaker 4: All right, money, dires, I've got to get back to

442
00:22:58,760 --> 00:23:01,680
Speaker 4: the questions. I want to know what are your thoughts

443
00:23:01,720 --> 00:23:05,600
Speaker 4: on investments. Do you currently invest? If not, what's the plan?

444
00:23:05,840 --> 00:23:08,240
Speaker 4: How does it work? Do you have these conversations with

445
00:23:08,320 --> 00:23:09,000
Speaker 4: your partner?

446
00:23:09,160 --> 00:23:13,080
Speaker 5: Tell me all, I now do invest through my work.

447
00:23:13,119 --> 00:23:15,840
Speaker 5: We were lucky enough to be able to purchase some

448
00:23:15,880 --> 00:23:18,840
Speaker 5: shares and I did that last year.

449
00:23:19,400 --> 00:23:20,160
Speaker 4: How cool is that?

450
00:23:20,480 --> 00:23:23,360
Speaker 5: About a one thousand dollars worth of shares through them,

451
00:23:24,520 --> 00:23:29,440
Speaker 5: and then through the podcast I downloaded the Shares's app

452
00:23:30,520 --> 00:23:33,679
Speaker 5: and used the She's on the Money code got the

453
00:23:33,720 --> 00:23:34,720
Speaker 5: two dollars bonus.

454
00:23:34,880 --> 00:23:35,960
Speaker 4: We got our free money.

455
00:23:36,080 --> 00:23:39,120
Speaker 2: I love that, and invested some more.

456
00:23:39,240 --> 00:23:42,080
Speaker 5: So I'm sitting at about two hundred dollars in that

457
00:23:42,200 --> 00:23:45,000
Speaker 5: and I regularly put about fifty doll one hundred dollars

458
00:23:45,119 --> 00:23:45,719
Speaker 5: a month in it.

459
00:23:45,920 --> 00:23:48,679
Speaker 4: Oh my gosh, I love this. Who are you?

460
00:23:49,640 --> 00:23:50,720
Speaker 2: I'm getting there.

461
00:23:50,880 --> 00:23:55,760
Speaker 5: We have a financial planner now as well that managers investments,

462
00:23:56,040 --> 00:23:59,439
Speaker 5: so we sit down with him probably every six weeks.

463
00:23:59,600 --> 00:24:03,560
Speaker 4: Every six weeks. Oh my gosh, he's aggressive. I love it.

464
00:24:03,600 --> 00:24:06,199
Speaker 4: You are definitely making tracks. Tell me how do you

465
00:24:06,240 --> 00:24:09,040
Speaker 4: find your financial advisor? And can I be really pervy?

466
00:24:09,359 --> 00:24:11,919
Speaker 4: How much do you pay him for this pleasure? Because

467
00:24:12,160 --> 00:24:15,600
Speaker 4: financial advice hard to get can often be not that

468
00:24:15,720 --> 00:24:17,520
Speaker 4: affordable what's it costing you?

469
00:24:17,840 --> 00:24:23,040
Speaker 5: So I have known our financial advisor for nearly twenty

470
00:24:23,080 --> 00:24:27,560
Speaker 5: five years. He's a very good family friend, and never

471
00:24:28,280 --> 00:24:31,040
Speaker 5: really thought that I would want to trust someone that

472
00:24:31,160 --> 00:24:33,960
Speaker 5: I know. But my husband was very keen on the

473
00:24:34,000 --> 00:24:36,679
Speaker 5: idea of trusting someone that we know because they're not

474
00:24:36,720 --> 00:24:40,919
Speaker 5: going to sugarcoat anything for us. Yeah, it costs us

475
00:24:40,920 --> 00:24:45,120
Speaker 5: about five grand a year, but it's money well worth

476
00:24:45,200 --> 00:24:46,840
Speaker 5: spent in the long run.

477
00:24:47,040 --> 00:24:50,639
Speaker 4: I agree, And I feel like as an ex financial advisor,

478
00:24:50,840 --> 00:24:54,480
Speaker 4: it is so hard to articulate to people the value

479
00:24:54,480 --> 00:24:57,680
Speaker 4: of advice, and you obviously go, but V that's five

480
00:24:57,760 --> 00:25:00,399
Speaker 4: grand a year and money diarist told us so that

481
00:25:00,440 --> 00:25:03,240
Speaker 4: she's the breadwinner and she's earning seventy thousand dollars, Like

482
00:25:03,280 --> 00:25:05,800
Speaker 4: that is so much of your budget going towards this?

483
00:25:06,320 --> 00:25:08,920
Speaker 4: What types of goals are you working with your financial

484
00:25:08,960 --> 00:25:12,440
Speaker 4: advisor for? Like, how do you see as somebody who

485
00:25:12,480 --> 00:25:16,000
Speaker 4: I would say has a very regular, normal income. How

486
00:25:16,080 --> 00:25:19,320
Speaker 4: have you I guess, justified this into your budget to go, No,

487
00:25:19,680 --> 00:25:22,280
Speaker 4: this is an expense that's going to put us and

488
00:25:22,320 --> 00:25:23,960
Speaker 4: our financial future first.

489
00:25:24,359 --> 00:25:28,240
Speaker 5: We want to make sure that our kids aren't inheriting

490
00:25:28,359 --> 00:25:32,080
Speaker 5: any debt. So I often say to my husband that

491
00:25:33,040 --> 00:25:36,879
Speaker 5: despite my parents being mortgage free, I'm still going to

492
00:25:36,960 --> 00:25:42,800
Speaker 5: inherit the debt, their unsecured personal debt. I will inherit that,

493
00:25:43,119 --> 00:25:46,879
Speaker 5: and that's my little nest eg that's going to go away.

494
00:25:47,000 --> 00:25:48,639
Speaker 2: So I don't want that for my kids.

495
00:25:49,000 --> 00:25:51,800
Speaker 4: Yeah, that's very fair. And have you done I guess

496
00:25:51,920 --> 00:25:54,679
Speaker 4: the full suite has. He looked at your superannuations, he

497
00:25:54,720 --> 00:25:57,480
Speaker 4: looked at your insurances, like, tell me a bit more

498
00:25:57,480 --> 00:25:58,800
Speaker 4: about this investing plan.

499
00:25:59,359 --> 00:26:03,159
Speaker 5: Yeah, so we had to be very transparent, looked at everything.

500
00:26:04,040 --> 00:26:09,000
Speaker 5: He sat me down and said, no more weekday coffees,

501
00:26:09,800 --> 00:26:14,680
Speaker 5: no more unnecessary spending, no more ten trips a week

502
00:26:14,720 --> 00:26:18,360
Speaker 5: to the shops because you've forgot one thing and you've

503
00:26:18,359 --> 00:26:20,280
Speaker 5: gone and bought thirty other things.

504
00:26:20,640 --> 00:26:22,919
Speaker 4: I feel like that's such an ADHD thing, though, So

505
00:26:23,040 --> 00:26:26,080
Speaker 4: like having a financial advisor when you're a little bit neurospy,

506
00:26:26,160 --> 00:26:27,359
Speaker 4: seat very good idea.

507
00:26:27,840 --> 00:26:28,280
Speaker 2: Yeah.

508
00:26:28,480 --> 00:26:34,400
Speaker 5: He is very honest and loves giving me advice. And

509
00:26:34,480 --> 00:26:38,160
Speaker 5: because I know him, he will compare me to his wife,

510
00:26:38,240 --> 00:26:42,000
Speaker 5: who I also know, So I don't feel like I'm

511
00:26:42,240 --> 00:26:45,840
Speaker 5: doing something wrong when I know that other people essentially

512
00:26:45,880 --> 00:26:47,040
Speaker 5: have the same experience.

513
00:26:47,240 --> 00:26:49,879
Speaker 4: Yeah, I feel like that shared experience really helps. And

514
00:26:49,920 --> 00:26:52,040
Speaker 4: I mean that's the crux of Sheese on the Money, right,

515
00:26:52,240 --> 00:26:55,919
Speaker 4: Like we all love sharing our experience because we know

516
00:26:56,240 --> 00:26:59,399
Speaker 4: a problem shared is a problem halved. But then also

517
00:26:59,840 --> 00:27:02,240
Speaker 4: how validating is that when you hear a money story

518
00:27:02,240 --> 00:27:04,440
Speaker 4: and you're like, oh my gosh, that's me or oh

519
00:27:04,440 --> 00:27:07,480
Speaker 4: my gosh, like I totally have been there, like one

520
00:27:07,600 --> 00:27:10,119
Speaker 4: sharing it it makes you feel lighter. But then also

521
00:27:10,200 --> 00:27:13,239
Speaker 4: by sharing it, you're validating the experiences of others. Like

522
00:27:13,560 --> 00:27:15,600
Speaker 4: I don't want to hear that I'm really naughty. I

523
00:27:15,640 --> 00:27:18,640
Speaker 4: want to hear that you're not the only one doing that, vee,

524
00:27:18,720 --> 00:27:21,680
Speaker 4: and here's a solution, Like that's what I want, right,

525
00:27:21,840 --> 00:27:24,320
Speaker 4: Like you just want to be told, actually, money direst

526
00:27:24,359 --> 00:27:26,320
Speaker 4: that's pretty normal. You go, oh, is it? I've been

527
00:27:26,359 --> 00:27:29,640
Speaker 4: feeling so guilty about it? Yeah, money diarist. I want

528
00:27:29,640 --> 00:27:31,600
Speaker 4: to know, now, do you have any debts? If so,

529
00:27:31,720 --> 00:27:32,320
Speaker 4: what are they?

530
00:27:32,640 --> 00:27:34,960
Speaker 2: We have two personal loans.

531
00:27:35,400 --> 00:27:39,480
Speaker 5: We went through a period where we weren't earning enough

532
00:27:40,080 --> 00:27:43,840
Speaker 5: and I fell into the trap of getting personal loans

533
00:27:43,920 --> 00:27:47,080
Speaker 5: to help bump up the income that we were missing

534
00:27:47,119 --> 00:27:51,000
Speaker 5: out on. So now our plan is to get rid

535
00:27:51,000 --> 00:27:55,760
Speaker 5: of them as quickly as possible, because again financial advisor

536
00:27:55,760 --> 00:27:59,280
Speaker 5: has told us any overtime or extra money that we

537
00:27:59,480 --> 00:28:02,919
Speaker 5: get and we don't have a plan for it should

538
00:28:02,920 --> 00:28:06,960
Speaker 5: be going on that loan. And that was a big

539
00:28:07,320 --> 00:28:11,120
Speaker 5: mindset change for my husband and I because we were, well,

540
00:28:11,119 --> 00:28:13,240
Speaker 5: when it's gone, it's gone, Like what if we need

541
00:28:13,240 --> 00:28:17,760
Speaker 5: it for an emergency? And his words to us were,

542
00:28:18,560 --> 00:28:21,880
Speaker 5: the way that I'm setting you up for success is

543
00:28:22,640 --> 00:28:25,840
Speaker 5: you won't never need money in an emergency because it

544
00:28:25,880 --> 00:28:27,480
Speaker 5: will always be right there.

545
00:28:27,640 --> 00:28:30,840
Speaker 4: Yeah, exactly. That's why we're going to establish an emergency

546
00:28:30,880 --> 00:28:33,200
Speaker 4: fund and have a pool. That makes sense to you.

547
00:28:33,720 --> 00:28:36,480
Speaker 4: I feel like that must be something that you look

548
00:28:36,480 --> 00:28:38,960
Speaker 4: at and you said, look, unfortunately, we went through a

549
00:28:38,960 --> 00:28:41,200
Speaker 4: period and like I fell into the trap. I don't

550
00:28:41,240 --> 00:28:43,240
Speaker 4: know if I would call that falling into a trap

551
00:28:43,280 --> 00:28:45,320
Speaker 4: because you said that you weren't earning enough to keep

552
00:28:45,400 --> 00:28:47,600
Speaker 4: up with expenses. So tell me a bit more about

553
00:28:47,640 --> 00:28:50,680
Speaker 4: these personal loans. Are they personal loans where you're paying

554
00:28:50,720 --> 00:28:53,719
Speaker 4: stuff like school fees and like for food on the table,

555
00:28:53,840 --> 00:28:56,160
Speaker 4: or were they you know, holidays, Like how did that

556
00:28:56,200 --> 00:28:56,960
Speaker 4: come to fruition?

557
00:28:57,400 --> 00:29:03,920
Speaker 5: No, was to pay out one of our cars, so

558
00:29:04,160 --> 00:29:07,520
Speaker 5: it didn't get repossessed, and it was to pay out

559
00:29:07,560 --> 00:29:10,440
Speaker 5: a few other little debts that we had, So there

560
00:29:10,560 --> 00:29:13,120
Speaker 5: was smaller debts that we need to pay out, but

561
00:29:13,480 --> 00:29:17,680
Speaker 5: bulk of it went on when we needed new appliances,

562
00:29:18,080 --> 00:29:19,360
Speaker 5: so we needed.

563
00:29:19,200 --> 00:29:20,720
Speaker 4: Yeah, and they're necessities.

564
00:29:21,200 --> 00:29:24,480
Speaker 5: Yeah, so a lot of necessity items. But at the

565
00:29:24,600 --> 00:29:28,120
Speaker 5: same time I look at it and go, I can't

566
00:29:28,120 --> 00:29:30,800
Speaker 5: believe that we didn't even have a thousand dollars sitting

567
00:29:30,800 --> 00:29:33,480
Speaker 5: there to go and get a new fridge that we needed.

568
00:29:33,640 --> 00:29:35,720
Speaker 4: But is that now our mindset shift? You're like, oh

569
00:29:35,720 --> 00:29:38,320
Speaker 4: my gosh, we've come so far, Like now that wouldn't

570
00:29:38,360 --> 00:29:39,880
Speaker 4: even be something that we comprehend.

571
00:29:40,280 --> 00:29:44,760
Speaker 2: Yeah, so funny enough. My husband this morning wrung.

572
00:29:44,480 --> 00:29:47,440
Speaker 5: Me and said, hey, we need a new dishwasher, and

573
00:29:48,480 --> 00:29:51,160
Speaker 5: I'm like, yep, no problems. Let's go down to the

574
00:29:51,160 --> 00:29:53,200
Speaker 5: shop this afternoon and have a look at how much

575
00:29:53,240 --> 00:29:55,880
Speaker 5: they cost, and when we get back from our holiday

576
00:29:56,120 --> 00:29:56,640
Speaker 5: we'll go.

577
00:29:56,560 --> 00:29:57,120
Speaker 2: And buy one.

578
00:29:57,520 --> 00:29:59,200
Speaker 4: How good are you looking at that?

579
00:29:59,280 --> 00:29:59,480
Speaker 2: Going?

580
00:29:59,480 --> 00:30:01,400
Speaker 4: Wow, that's knew me like, who is she?

581
00:30:01,640 --> 00:30:01,880
Speaker 2: Yes?

582
00:30:02,760 --> 00:30:04,880
Speaker 4: I love that? And is that going to become I

583
00:30:04,880 --> 00:30:06,720
Speaker 4: guess a big goal that you work towards and go

584
00:30:06,760 --> 00:30:08,680
Speaker 4: all right, well, you know, dishwash is going to cost

585
00:30:08,760 --> 00:30:10,880
Speaker 4: us five hundred bucks. That's another thing to put on

586
00:30:10,880 --> 00:30:12,720
Speaker 4: the list that we're going to work towards. But we're

587
00:30:12,720 --> 00:30:14,120
Speaker 4: not just going to get it immediately.

588
00:30:14,200 --> 00:30:15,840
Speaker 2: On debt, Yeah, one hundred percent.

589
00:30:16,280 --> 00:30:20,760
Speaker 5: Like we are fortunate that we do get over time

590
00:30:20,800 --> 00:30:23,360
Speaker 5: and I get on call allowances. So when I do

591
00:30:23,480 --> 00:30:28,960
Speaker 5: those extras, I have that, well, this weekend that I'm

592
00:30:29,000 --> 00:30:31,880
Speaker 5: working is going to pay for this item that we

593
00:30:32,080 --> 00:30:32,680
Speaker 5: really want.

594
00:30:33,160 --> 00:30:33,400
Speaker 2: Yeah.

595
00:30:33,440 --> 00:30:36,040
Speaker 4: Wow, I love that, and I feel like that's so exciting.

596
00:30:36,160 --> 00:30:38,000
Speaker 4: Tell me a bit more about how much have you

597
00:30:38,080 --> 00:30:40,880
Speaker 4: got to go on these debts, Like how much is

598
00:30:41,000 --> 00:30:42,080
Speaker 4: left on each of them.

599
00:30:42,320 --> 00:30:46,240
Speaker 5: So with our personal loans, we've got about twenty five

600
00:30:46,360 --> 00:30:51,080
Speaker 5: thousands left. The plan is to just look at doubling

601
00:30:51,320 --> 00:30:55,200
Speaker 5: the repayments over the next couple of weeks and seeing

602
00:30:55,200 --> 00:30:57,320
Speaker 5: how quickly we can smash them out.

603
00:30:58,320 --> 00:30:59,960
Speaker 2: Yeah, it's pretty challenging.

604
00:31:00,280 --> 00:31:02,760
Speaker 4: I feel like it's exciting. I know it feels challenging

605
00:31:02,800 --> 00:31:06,000
Speaker 4: and it feels overwhelming. But for me, when I was

606
00:31:06,000 --> 00:31:08,480
Speaker 4: paying off my debt, and when I worked with clients

607
00:31:08,480 --> 00:31:12,080
Speaker 4: who were doing the same thing, having a plan and

608
00:31:12,160 --> 00:31:14,640
Speaker 4: going all right, let's break it down, let's go all right,

609
00:31:14,680 --> 00:31:17,120
Speaker 4: we've got twenty five thousand dollars, how much can we

610
00:31:17,240 --> 00:31:19,360
Speaker 4: pay off each month? You know, you might go, we

611
00:31:19,400 --> 00:31:21,400
Speaker 4: can pay five hundred dollars off each month, and you

612
00:31:21,520 --> 00:31:24,360
Speaker 4: kind of extrapolate that out and put a date on it,

613
00:31:24,400 --> 00:31:26,400
Speaker 4: and I feel like having a date on it. One,

614
00:31:26,440 --> 00:31:28,320
Speaker 4: that's the light at the end of the tunnel. But two,

615
00:31:28,480 --> 00:31:31,520
Speaker 4: any of that overtime that you're doing every single time,

616
00:31:31,680 --> 00:31:36,760
Speaker 4: it brings that date forward, like it helps you get ahead,

617
00:31:36,840 --> 00:31:39,800
Speaker 4: and you can see visually getting ahead. And at the moment,

618
00:31:39,920 --> 00:31:42,280
Speaker 4: I know it probably feels a little bit like you're

619
00:31:42,440 --> 00:31:45,200
Speaker 4: treading water because you like throw another couple of hundred

620
00:31:45,240 --> 00:31:48,080
Speaker 4: bucks at it all whatever you've got when it comes up,

621
00:31:48,160 --> 00:31:50,040
Speaker 4: and it just doesn't feel like it makes that big

622
00:31:50,080 --> 00:31:52,239
Speaker 4: of a dint at the time. But I feel like

623
00:31:52,520 --> 00:31:55,560
Speaker 4: if you work towards a particular date, and now I'm

624
00:31:55,600 --> 00:31:57,360
Speaker 4: thinking of it, I'm probably going to try and make

625
00:31:57,400 --> 00:31:59,160
Speaker 4: a tracker that we can put on our website and

626
00:31:59,200 --> 00:32:01,920
Speaker 4: you guys can down. But if you have a date

627
00:32:02,080 --> 00:32:05,760
Speaker 4: in mind that comes down each time you make another

628
00:32:05,800 --> 00:32:09,840
Speaker 4: repayment above and beyond the minimum, that feels really motivating

629
00:32:09,920 --> 00:32:12,520
Speaker 4: knowing that that time is coming closer. And you're also

630
00:32:12,600 --> 00:32:16,000
Speaker 4: teaching yourself these great savings habits, because if you can

631
00:32:16,000 --> 00:32:18,959
Speaker 4: smash that debt out, the second that debt is gone,

632
00:32:19,360 --> 00:32:22,640
Speaker 4: those all become savings. Like that is you setting yourself

633
00:32:22,720 --> 00:32:24,920
Speaker 4: up to be in the best possible position, because you're like,

634
00:32:24,960 --> 00:32:26,840
Speaker 4: all right, well did you see last month we were

635
00:32:26,880 --> 00:32:30,280
Speaker 4: able to save an additional three or four hundred bucks money. Win.

636
00:32:30,400 --> 00:32:31,880
Speaker 4: Do you know what you can do once you're out

637
00:32:31,920 --> 00:32:34,800
Speaker 4: of debt. You can save that that goes towards holidays,

638
00:32:34,800 --> 00:32:37,840
Speaker 4: that goes towards travel, that goes towards those experiences you

639
00:32:37,880 --> 00:32:39,520
Speaker 4: want to give your kids. And I just think that's

640
00:32:39,560 --> 00:32:40,880
Speaker 4: so flipping exciting.

641
00:32:41,360 --> 00:32:45,320
Speaker 5: Yeah, that's what our plan is. So once their personal

642
00:32:45,440 --> 00:32:49,600
Speaker 5: ends are gone, the repayment for those is essentially half

643
00:32:49,640 --> 00:32:53,520
Speaker 5: of our more inter repayment. So we will then look

644
00:32:53,520 --> 00:32:56,840
Speaker 5: at allocating that money to the mortgage to get rid

645
00:32:56,840 --> 00:32:57,040
Speaker 5: of that.

646
00:32:57,320 --> 00:33:01,240
Speaker 4: Yeah. See that's sexy as hell. I love that. Tell

647
00:33:01,280 --> 00:33:04,800
Speaker 4: me about this mortgage. What's your mortgage, how much is

648
00:33:04,840 --> 00:33:06,640
Speaker 4: it for and when did you buy?

649
00:33:07,000 --> 00:33:11,560
Speaker 5: We bought in twenty twenty two. Our mortgage was two

650
00:33:11,640 --> 00:33:16,480
Speaker 5: hundred and eighty thousand, and we spent two hundred and

651
00:33:16,520 --> 00:33:19,719
Speaker 5: fifty on our house and had thirty thousand left to

652
00:33:19,800 --> 00:33:25,320
Speaker 5: do some lovely little upgrades that our very old house needed.

653
00:33:26,560 --> 00:33:30,840
Speaker 5: We I think just over two hundred and sixty thousand.

654
00:33:31,040 --> 00:33:32,120
Speaker 4: Oh that's exciting.

655
00:33:32,520 --> 00:33:37,800
Speaker 5: Yeah, but the plan is we will just smash it out.

656
00:33:38,000 --> 00:33:43,120
Speaker 5: We pay it weekly because it is much better in

657
00:33:43,160 --> 00:33:43,920
Speaker 5: the long run.

658
00:33:44,120 --> 00:33:47,520
Speaker 4: Interest is calculated daily. Yep, that's a hack. Did you

659
00:33:47,600 --> 00:33:49,200
Speaker 4: learn that from your financial advisor?

660
00:33:49,640 --> 00:33:49,880
Speaker 2: Yes?

661
00:33:50,480 --> 00:33:53,000
Speaker 4: Yeah, I feel like that's such a financial advisor thing

662
00:33:53,080 --> 00:33:56,240
Speaker 4: to say. So mortgages, and this isn't for you, because

663
00:33:56,240 --> 00:33:59,120
Speaker 4: you clearly know this is for everyone listening. Your mortgage

664
00:33:59,160 --> 00:34:01,600
Speaker 4: is calculated, or the amount that you owe on your

665
00:34:01,600 --> 00:34:05,440
Speaker 4: mortgage is calculated daily. So every single day, the bank

666
00:34:05,480 --> 00:34:08,480
Speaker 4: does some maths in the background and calculates exactly what

667
00:34:08,520 --> 00:34:10,399
Speaker 4: you owe, and at the end of the month they're like, well,

668
00:34:10,440 --> 00:34:13,319
Speaker 4: you owe X, but if you broke up that x

669
00:34:13,360 --> 00:34:15,920
Speaker 4: that you're paying at the end of the month on

670
00:34:15,960 --> 00:34:18,520
Speaker 4: a weekly basis. So therefore, let's say on average you're

671
00:34:18,560 --> 00:34:22,120
Speaker 4: making four payments each month. That actually brings down, over

672
00:34:22,200 --> 00:34:26,000
Speaker 4: time your interest significantly and you can pay off your

673
00:34:26,000 --> 00:34:28,520
Speaker 4: loan faster. Even though it didn't cost you an extra dollar.

674
00:34:28,520 --> 00:34:31,239
Speaker 4: It just cost you some planning, which I think is

675
00:34:31,400 --> 00:34:34,399
Speaker 4: very exciting. Have you done the maths on how much

676
00:34:34,440 --> 00:34:36,719
Speaker 4: time slash money you're going to save by doing that?

677
00:34:37,120 --> 00:34:41,440
Speaker 5: I think a rough calculation was about ten years. But

678
00:34:42,040 --> 00:34:49,160
Speaker 5: we want to have our mortgage paid out by probably

679
00:34:50,200 --> 00:34:51,400
Speaker 5: twenty thirty four.

680
00:34:52,000 --> 00:34:55,239
Speaker 4: Oh my gosh, that's so soon for a mortgage. Have

681
00:34:55,320 --> 00:34:58,439
Speaker 4: we got a big plan for that? Is your advisor going, heck, yes,

682
00:34:58,520 --> 00:34:59,200
Speaker 4: we can do this.

683
00:34:59,680 --> 00:35:02,760
Speaker 5: Yeah, we are just going to keep throwing everything humanly

684
00:35:02,800 --> 00:35:07,040
Speaker 5: possible that we've got urt favorite the mortgage, get it

685
00:35:07,040 --> 00:35:11,680
Speaker 5: out of the way as quickly as possible, and hopefully

686
00:35:11,760 --> 00:35:14,560
Speaker 5: look at retiring by the time we're fifty five.

687
00:35:15,760 --> 00:35:17,960
Speaker 4: Is that not iconic? I feel like I heard in

688
00:35:18,000 --> 00:35:21,160
Speaker 4: your voice earlier when we're talking about dirt you were like, yeah,

689
00:35:21,239 --> 00:35:24,200
Speaker 4: we have like these personal loans, and I could feel

690
00:35:24,239 --> 00:35:28,319
Speaker 4: the disenchantment, But at the same time you're literally like, Okay, cool,

691
00:35:28,320 --> 00:35:30,040
Speaker 4: So we actually have a really big plan for that,

692
00:35:30,080 --> 00:35:32,080
Speaker 4: and we're actually going to be doubling our payments and

693
00:35:32,360 --> 00:35:34,719
Speaker 4: our mortgage. By the way, there's a plan to get

694
00:35:34,760 --> 00:35:37,440
Speaker 4: out of debt by twenty thirty five and retire early.

695
00:35:37,600 --> 00:35:40,920
Speaker 4: Like what in the dream life? Like that's so exciting?

696
00:35:41,080 --> 00:35:41,440
Speaker 4: Is it not?

697
00:35:42,040 --> 00:35:42,520
Speaker 2: It is.

698
00:35:42,800 --> 00:35:45,359
Speaker 5: I don't think we could have done it if we

699
00:35:45,880 --> 00:35:50,239
Speaker 5: did this inner city like we do live regionally. But

700
00:35:50,560 --> 00:35:54,160
Speaker 5: it works for us because this is where we have work,

701
00:35:54,320 --> 00:35:55,880
Speaker 5: this is where our kids have grown up.

702
00:35:56,000 --> 00:35:57,160
Speaker 2: That's home for us.

703
00:35:57,160 --> 00:36:01,000
Speaker 5: It works, But you know, I dearly if we did

704
00:36:01,080 --> 00:36:03,240
Speaker 5: live elsewhere, we'd have the same goals.

705
00:36:03,640 --> 00:36:05,840
Speaker 4: I love this so much. All right, I want to

706
00:36:05,880 --> 00:36:10,200
Speaker 4: know you've obviously recently worked out that you're ADHD, and

707
00:36:10,480 --> 00:36:13,839
Speaker 4: obviously that impacts your money story significantly, So I don't know,

708
00:36:13,880 --> 00:36:15,960
Speaker 4: what do you think your best money habit is?

709
00:36:16,520 --> 00:36:21,920
Speaker 5: Best money habit would be never paying full price for anything.

710
00:36:23,280 --> 00:36:25,360
Speaker 5: I only buy clothes when.

711
00:36:25,239 --> 00:36:26,480
Speaker 2: They're on a sale.

712
00:36:27,200 --> 00:36:27,799
Speaker 4: I love this.

713
00:36:28,200 --> 00:36:30,960
Speaker 5: We have an op shop in our town that has

714
00:36:31,000 --> 00:36:35,239
Speaker 5: really good designer pieces, and I will only go through

715
00:36:35,280 --> 00:36:37,479
Speaker 5: there once a month and have a look and see

716
00:36:37,480 --> 00:36:40,879
Speaker 5: what's in there. Normally some of it's brand new.

717
00:36:40,880 --> 00:36:43,680
Speaker 2: With tags, so oh my gosh, amazing.

718
00:36:44,400 --> 00:36:50,080
Speaker 5: I've never really overspent necessities that I need. And the

719
00:36:50,200 --> 00:36:53,680
Speaker 5: biggest thing that my husband taught me was when you're

720
00:36:53,719 --> 00:36:56,800
Speaker 5: buying things in like the Good Guys or Half Norman,

721
00:36:56,880 --> 00:37:00,279
Speaker 5: the ticketed price is never the final price. There is

722
00:37:00,320 --> 00:37:01,640
Speaker 5: always room for negotiation.

723
00:37:01,960 --> 00:37:04,279
Speaker 4: I love that that's words to live by. There is

724
00:37:04,360 --> 00:37:06,680
Speaker 4: always room for negotiation. I don't care what it is

725
00:37:06,719 --> 00:37:07,719
Speaker 4: we're negotiating it.

726
00:37:07,960 --> 00:37:12,200
Speaker 5: Yeah, negotiation isn't my strong point, but I do like

727
00:37:12,280 --> 00:37:14,160
Speaker 5: taking my husband because he feels.

728
00:37:13,880 --> 00:37:15,799
Speaker 2: Good when he gets that negotiation.

729
00:37:16,400 --> 00:37:19,560
Speaker 4: Of course I love that. And also I mean, does

730
00:37:19,600 --> 00:37:21,799
Speaker 4: that not make you a great negotiator because you brought

731
00:37:21,800 --> 00:37:24,840
Speaker 4: the right tools to the conversation, Like I don't have

732
00:37:24,880 --> 00:37:26,359
Speaker 4: to be good at it. If I brought the right

733
00:37:26,360 --> 00:37:28,839
Speaker 4: tools and the tools is my husband ten out of ten?

734
00:37:29,040 --> 00:37:29,560
Speaker 2: Exactly?

735
00:37:29,880 --> 00:37:32,160
Speaker 4: Tell me a bit more about what you think your

736
00:37:32,200 --> 00:37:35,520
Speaker 4: worst money, how it is worst that.

737
00:37:36,200 --> 00:37:42,879
Speaker 5: Is probably looking at something and that impulsive purchase. So

738
00:37:43,400 --> 00:37:46,439
Speaker 5: I will go and pick up stuff off the rack.

739
00:37:46,760 --> 00:37:51,080
Speaker 5: I will go and order something that I've seen pop

740
00:37:51,160 --> 00:37:53,680
Speaker 5: up with a sponsored post on Facebook and go, oh, yeah,

741
00:37:53,680 --> 00:37:54,799
Speaker 5: I definitely needed.

742
00:37:54,560 --> 00:37:57,320
Speaker 4: This, Yeah, victim of the algorithm. Same.

743
00:37:57,520 --> 00:38:01,640
Speaker 5: Sometimes I'll use it, sometimes I won't. So I'm trying

744
00:38:01,680 --> 00:38:05,080
Speaker 5: to get into the habit of giving myself that twenty

745
00:38:05,080 --> 00:38:05,720
Speaker 5: four hour.

746
00:38:05,600 --> 00:38:06,680
Speaker 2: Calling off period.

747
00:38:07,239 --> 00:38:10,799
Speaker 5: Yes, so I will save it and then if I

748
00:38:10,840 --> 00:38:12,759
Speaker 5: come back to it in twenty four hours, then it's

749
00:38:12,800 --> 00:38:15,120
Speaker 5: a definite need to discuss purchase.

750
00:38:15,800 --> 00:38:18,040
Speaker 2: If I don't come back to it in twenty four hours.

751
00:38:18,440 --> 00:38:22,239
Speaker 5: I go, oh, it was just my ADHD wanting shiny things.

752
00:38:22,560 --> 00:38:24,719
Speaker 4: Oh my gosh, I know we like bower birds. We

753
00:38:24,880 --> 00:38:28,480
Speaker 4: literally are like, oh, shiny, I need it, like anything

754
00:38:28,520 --> 00:38:31,960
Speaker 4: on TikTok. I'm like, oh, I definitely need that. Like

755
00:38:32,320 --> 00:38:34,120
Speaker 4: do you find I don't know. I feel like this

756
00:38:34,280 --> 00:38:38,200
Speaker 4: is a millennial ADHD thing. Is your phone full of

757
00:38:38,239 --> 00:38:41,560
Speaker 4: screenshots of things that you think you might need later. Yes,

758
00:38:43,800 --> 00:38:46,399
Speaker 4: it's like a graveyard of all of the thoughts I've

759
00:38:46,440 --> 00:38:50,319
Speaker 4: had while scrolling or doom scrolling the internet. Like, I

760
00:38:50,480 --> 00:38:53,000
Speaker 4: actually am embarrassed. I'm going to go find how many

761
00:38:53,000 --> 00:38:54,759
Speaker 4: screenshots I have. I'm probably gonna put it on my

762
00:38:54,800 --> 00:38:57,719
Speaker 4: stories at some point because I just think that's such

763
00:38:57,719 --> 00:39:00,359
Speaker 4: a relatable point that when you finally meet to other

764
00:39:00,400 --> 00:39:04,080
Speaker 4: people with the ADHD and they both know you just go, oh,

765
00:39:04,120 --> 00:39:06,520
Speaker 4: do you do this? And then we all agree and

766
00:39:06,520 --> 00:39:09,400
Speaker 4: you just go wow. I've literally never had an original

767
00:39:09,480 --> 00:39:12,520
Speaker 4: experience in my life. Like I thought it was just me.

768
00:39:12,719 --> 00:39:16,239
Speaker 4: I thought I had these cute personality quirks. No, that's

769
00:39:16,239 --> 00:39:18,680
Speaker 4: your ADHD, babe, Yep, that's.

770
00:39:18,760 --> 00:39:21,239
Speaker 2: That's your neurospicy.

771
00:39:20,440 --> 00:39:23,719
Speaker 4: Brain exactly, Oh my gosh. All right, well, it has

772
00:39:23,800 --> 00:39:26,839
Speaker 4: been so good chatting to you. I feel like I've

773
00:39:26,920 --> 00:39:29,560
Speaker 4: learned a lot. But I want to kind of bring

774
00:39:29,640 --> 00:39:32,200
Speaker 4: something up, the elephant in the room. At the start

775
00:39:32,239 --> 00:39:34,040
Speaker 4: of this money Darry, you told me you were a D.

776
00:39:34,760 --> 00:39:36,560
Speaker 4: You said, look, I really reckon, I'm a d I've

777
00:39:36,560 --> 00:39:39,040
Speaker 4: got so far to go. But then we had these

778
00:39:39,160 --> 00:39:43,560
Speaker 4: beautiful conversations about you working since you were sixteen and

779
00:39:43,600 --> 00:39:45,480
Speaker 4: you became a single mum, and now you've got this

780
00:39:45,520 --> 00:39:48,680
Speaker 4: great partner, but you're the breadwinner and you're just absolutely

781
00:39:48,800 --> 00:39:51,800
Speaker 4: killing it. You've got all of these big financial goals.

782
00:39:51,960 --> 00:39:54,560
Speaker 4: I feel like my favorite part of the conversation was

783
00:39:54,600 --> 00:39:57,319
Speaker 4: really talking about what you want for your kids and

784
00:39:57,360 --> 00:39:59,440
Speaker 4: how you really want to give them all of these

785
00:39:59,480 --> 00:40:02,719
Speaker 4: beautifully experiences and you've got a plan for it. Like

786
00:40:02,960 --> 00:40:05,319
Speaker 4: we did talk about debt, and I could tell by

787
00:40:05,320 --> 00:40:07,960
Speaker 4: your voice that that's not something that you love, and

788
00:40:08,000 --> 00:40:10,480
Speaker 4: I mean, nobody loves being in debt. But then you

789
00:40:10,560 --> 00:40:12,880
Speaker 4: told me about these epic plans to get out of

790
00:40:12,920 --> 00:40:16,399
Speaker 4: debt that you were doing over time. You're absolutely killing

791
00:40:16,480 --> 00:40:19,080
Speaker 4: it and you're planning on getting your mortgage done by

792
00:40:19,120 --> 00:40:22,759
Speaker 4: twenty thirty five and then retiring hopefully by fifty five,

793
00:40:23,320 --> 00:40:26,160
Speaker 4: like your kids are going to have the dream life,

794
00:40:26,200 --> 00:40:29,240
Speaker 4: and then these super happy, healthy parents at the perfect

795
00:40:29,239 --> 00:40:31,719
Speaker 4: time in their lives to you know, be adults with them.

796
00:40:32,080 --> 00:40:34,760
Speaker 4: Is that not the most exciting thing in the entire world?

797
00:40:34,800 --> 00:40:38,480
Speaker 4: Like to me, dream life? Adore that your worst money

798
00:40:38,480 --> 00:40:40,640
Speaker 4: have it? You said you're a bit impulsive. I get it,

799
00:40:40,680 --> 00:40:43,359
Speaker 4: we're a little bit spendy. But then you also said

800
00:40:43,680 --> 00:40:46,560
Speaker 4: the I'm really good at never paying full price, Like

801
00:40:46,719 --> 00:40:49,279
Speaker 4: I am a little bug and hunter, and there's no

802
00:40:49,360 --> 00:40:53,040
Speaker 4: such thing as not having any room for negotiation. I'm sorry,

803
00:40:53,120 --> 00:40:55,160
Speaker 4: does that sound like a D person to you?

804
00:40:56,840 --> 00:41:01,200
Speaker 5: I think I'd probably move myself up to like a

805
00:41:01,200 --> 00:41:05,719
Speaker 5: C plus or a B minus. But there's always for

806
00:41:05,760 --> 00:41:08,600
Speaker 5: improvement because you're never perfect.

807
00:41:09,360 --> 00:41:12,160
Speaker 4: No nobody is perfect. But I want to know what

808
00:41:12,160 --> 00:41:15,440
Speaker 4: would it take if I said, or money, darist, what

809
00:41:15,480 --> 00:41:17,560
Speaker 4: would it take to get to an A What types

810
00:41:17,600 --> 00:41:19,839
Speaker 4: of money behaviors or changes do you think you would

811
00:41:19,840 --> 00:41:20,319
Speaker 4: have to make?

812
00:41:20,600 --> 00:41:26,719
Speaker 5: Think for me not having any unsecured depth and anything

813
00:41:26,760 --> 00:41:28,000
Speaker 5: that isn't an asset.

814
00:41:28,200 --> 00:41:30,800
Speaker 4: I love that, But that's a plan and you've literally

815
00:41:30,840 --> 00:41:33,279
Speaker 4: got a time and a date for it, So we're

816
00:41:33,320 --> 00:41:36,239
Speaker 4: well on the way to being a money darist. It

817
00:41:36,320 --> 00:41:39,040
Speaker 4: has been an absolute pleasure having a chat with you.

818
00:41:39,280 --> 00:41:42,040
Speaker 4: I have adored this. I feel like it's so relatable,

819
00:41:42,520 --> 00:41:45,160
Speaker 4: especially to me, like we're both a little bit neurospiasy,

820
00:41:45,280 --> 00:41:48,880
Speaker 4: but also to the community. I adore having these conversations,

821
00:41:48,880 --> 00:41:51,120
Speaker 4: and I just know that the community is going to go, oh,

822
00:41:51,160 --> 00:41:53,600
Speaker 4: this money darist was a cracker. This was a good one.

823
00:41:53,920 --> 00:41:56,319
Speaker 4: So I really appreciate it and know that they're going

824
00:41:56,360 --> 00:41:59,160
Speaker 4: to appreciate you sharing your story as much as I have.

825
00:41:59,480 --> 00:42:00,600
Speaker 4: So pleasure.

826
00:42:01,080 --> 00:42:01,560
Speaker 2: Thank you.

827
00:42:08,280 --> 00:42:10,840
Speaker 4: The advice shared on She's on the Money is general

828
00:42:10,880 --> 00:42:14,719
Speaker 4: in nature and does not consider your individual circumstances. She's

829
00:42:14,800 --> 00:42:18,240
Speaker 4: on the Money exists purely for educational purposes and should

830
00:42:18,280 --> 00:42:21,440
Speaker 4: not be relied upon to make an investment or financial decision.

831
00:42:21,840 --> 00:42:24,279
Speaker 4: If you do choose to buy a financial product, read

832
00:42:24,320 --> 00:42:28,400
Speaker 4: the PDS TMD and obtain appropriate financial advice tailored towards

833
00:42:28,480 --> 00:42:31,759
Speaker 4: your needs. Victoria Divine and She's on the Money are

834
00:42:31,840 --> 00:42:36,839
Speaker 4: authorized representatives of Money Sheoper Pty Ltd ABN three two

835
00:42:36,880 --> 00:42:40,839
Speaker 4: one six four nine two seven seven zero eight AFSL

836
00:42:41,000 --> 00:42:43,400
Speaker 4: four five one two eight nine