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Speaker 1: My name's Tatasha Bamblet. I'm a proud First Nations woman

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Speaker 1: and I'm here to acknowledge country te glennyan Ganya, Niana,

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Speaker 1: Kaka yah y and Binahwaka Nian our gay In Mbini,

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Speaker 1: yakarum Jar, dominyamiga Umaga, Ihowaka, Nile, Waman damon imlan, wimabang

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Speaker 1: gadabomba in and now in waka ghana on yak rum

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Speaker 1: Jar Watanadaa. Hello, beautiful friends, we gather on the lands

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Speaker 1: of the Aboriginal people. We thank acknowledge and respect the

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Speaker 1: Aberiginal people's land that we're gathering on today. Take pleasure

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Speaker 1: in all the land and respect all that you see.

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Speaker 1: She's on the Money podcast acknowledges culture, country, community and connections,

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Speaker 1: bringing you the tools, knowledge and resources for you to thrive.

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Speaker 2: She's on the Money.

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Speaker 3: She's on the Money. Hello, and welcome to She's on

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Speaker 3: the Money, the podcast that lets you be per They

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Speaker 3: about other people's money habits for educational purposes, of course,

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Speaker 3: Welcome back to another one of our Money Diaries episodes

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Speaker 3: where we get to talk with one of our incredible

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Speaker 3: She's on the Money community members all about their journey

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Speaker 3: and this time business. Let's jump straight into it, because

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Speaker 3: this week I got an email and it sounded exactly

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Speaker 3: like this, dear, She's on the money. In twenty eighteen,

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Speaker 3: my world shifted overnight. My corporate management role was gone,

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Speaker 3: along with the security of a six figure salary. I

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Speaker 3: was so stressed and overwhelmed by the uncertainty. But this

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Speaker 3: was the perfect opportunity to launch a business idea that

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Speaker 3: I'd been sitting on for a while. What began as

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Speaker 3: a one woman operation in a granny flat quickly evolved

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Speaker 3: into something much bigger, and I'd love to share the

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Speaker 3: story with you. Money diarist, Welcome to the show.

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Speaker 2: Hi, how are you lovely to be here today?

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Speaker 3: Oh my goodness? Sorry? Just a one woman operation working

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Speaker 3: out of a granny flat. Was that because you lived there?

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Speaker 3: Or was that your office?

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Speaker 2: Na? So I had a granny flat built at the

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Speaker 2: side of my house for my mum when she came

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Speaker 2: to stay with us. Yeah, but she hated it. She

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Speaker 2: hated it. She refused to stay in there. So we

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Speaker 2: had this incredible little space and.

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Speaker 3: She was like, granny flat, No, I'm sleeping in your bed.

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Speaker 2: Yeah. No, she wanted to be in the house with

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Speaker 2: the kids and the family and being in the thicker

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Speaker 2: family life, which is beautiful in itself, but it.

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Speaker 3: Also sometimes we need some space. Mum, what's that about?

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Speaker 2: Yeah? And then I just thought it would be the

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Speaker 2: perfect space to launch the next step of my career.

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Speaker 2: Perfect and you're dead right. I was in this place

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Speaker 2: of complete uncertainty. I'd lost my job overnight. I was like,

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Speaker 2: what am I going to do? I had two young kids.

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Speaker 3: That just adds to the stress.

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Speaker 2: I really didn't want to go back to traveling for work,

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Speaker 2: and so I was like, it's now or never. Let's

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Speaker 2: do this. Now's the time. So the granny flat was

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Speaker 2: a perfect place to start the business. I needed to

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Speaker 2: separate work and home, and that's where the business was born.

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Speaker 3: I'm obsessed. So let's go back a little bit. I

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Speaker 3: want to know before we get into asking about your

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Speaker 3: money story and how that came to be. What grade

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Speaker 3: would you give your money habits from A through to F.

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Speaker 3: If I asked you to give them a grade.

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Speaker 2: I'd say an as, Oh, okay, let's go, let's improve. No,

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Speaker 2: I love it.

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Speaker 3: I'm also like, why not a plus? We've got questions,

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Speaker 3: but money durist let's rewind. Tell me a little bit

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Speaker 3: more about your money story.

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Speaker 2: So, I think the money story for me started at

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Speaker 2: quite a young age. I've been brought up in a

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Speaker 2: family where both my parents were highly educated, a big

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Speaker 2: focus on education for myself, and I always saw mum

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Speaker 2: and dad being very astute with how they spent their money.

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Speaker 2: You know, they saved well, and those habits formed in

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Speaker 2: me at quite a young age. In saying that, though

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Speaker 2: they never let me work until I was eighteen, my

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Speaker 2: focus was on education up until I was eighteen, they

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Speaker 2: made sure that school and education was the primary investment

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Speaker 2: of my time. Then when I turned eighteen, I was

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Speaker 2: studying and I worked three jobs.

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Speaker 3: Three You went, I've got to make lost time here,

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Speaker 3: I did.

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Speaker 2: I did. You're exactly right, I had to make up

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Speaker 2: for lost time, and I diligently saved for my first house,

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Speaker 2: which I purchased at nineteen.

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Speaker 3: Sorry, what you weren't allowed to work until you were eighteen?

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Speaker 3: I feel like I'm saying that in a way where

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Speaker 3: you were, like, I don't know, deprived, But I have

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Speaker 3: a sneaky suspicion it was more because your parents really

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Speaker 3: wanted you to like just focus on education.

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Speaker 2: Is that right? Like?

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Speaker 3: Or was that attention point.

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Speaker 2: Not one hundred percent? Okay, Mum and Dad's focus for

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Speaker 2: me was to make sure that I made the most

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Speaker 2: of my education, that I didn't have any distractions. Yeah,

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Speaker 2: I was very involved in sport as well, so my

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Speaker 2: downtime to work was limited. But they really wanted to

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Speaker 2: make sure that my focus was on my education so

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Speaker 2: I could then leap frog, I guess, into a really

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Speaker 2: good career. And I'm extremely grateful for them setting those

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Speaker 2: boundaries with me at a young age, but also learning

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Speaker 2: from them.

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Speaker 3: Yeah, I love that. That's such a privilege because so

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Speaker 3: many kids are like, oh, I'm fourteen nine months got

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Speaker 3: to get my first job and manage all of that,

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Speaker 3: Like how good?

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Speaker 2: And don't get me wrong, I still had jobs that

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Speaker 2: I had to do at home, like I still had

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Speaker 2: to contribute.

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Speaker 3: To I'm getting the vibe that your parents were pretty

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Speaker 3: switched on in terms of like teaching you about responsibility

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Speaker 3: and you know, being astute with money and focusing on

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Speaker 3: fine the way that you've been talking about this, I'm like, Okay,

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Speaker 3: I kind of picking up the vibes, and I think

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Speaker 3: everyone else is. I just really wanted to clarify it them,

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Speaker 3: Like when you said you weren't allowed, it wasn't like

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Speaker 3: some financial abuse situation where you're not allowed to job.

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Speaker 3: It was more a supportive situation, And I just want

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Speaker 3: to be really clear about that.

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Speaker 2: Yeah, definitely not, definitely not. Their focus was always on education,

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Speaker 2: and I'm very grateful that they gave me that opportunity

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Speaker 2: to dial in to my studies. And that's a habit

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Speaker 2: that I'm still to this day, further in my education,

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Speaker 2: still in my forties. It's a big part of my life.

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Speaker 3: I've got a lot of questions about you buying your

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Speaker 3: first home at nineteen, but I want to pick up

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Speaker 3: on something that you said just before before I get there,

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Speaker 3: because I'm like chomping at the bit to ask about that.

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Speaker 3: But if you were, you know, not allowed to work

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Speaker 3: or like your parents were like, you need to focus

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Speaker 3: on education, but all your friends had probably some pocket

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Speaker 3: money or disposable income, what did that look like? Because

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Speaker 3: I remember, you know, using my income for the things

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Speaker 3: that I wanted to do and go to the movies,

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Speaker 3: or you know, buy another roxy pencil case from the

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Speaker 3: surf shop, Like, what did that look like? Was there

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Speaker 3: any like I don't know, envy of your friends who

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Speaker 3: had disposable income.

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Speaker 2: Or definitely not. Mum and Dad were very generous. I

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Speaker 2: must say that too. They were very generous, but that

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Speaker 2: didn't also avoid me from the responsibilities of my jobs

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Speaker 2: that I had to undertake at home. So there were

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Speaker 2: still roles and responsibilities that I had to fulfill as

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Speaker 2: being part of the family unit. And that's where I

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Speaker 2: guess the fruits of having a little bit of cash

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Speaker 2: on the weekend came from. But yeah, I was very lucky.

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Speaker 2: They were definitely very generous. I never felt like I

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Speaker 2: missed out on being able to do things that my

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Speaker 2: friends were doing. Yes, my friends definitely did have more

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Speaker 2: resources available to them in terms of surplus surplus money,

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Speaker 2: but I never felt like I missed out.

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Speaker 3: Yeah good. I was like, what did that feel like?

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Speaker 3: Because I mean, I'm now and everybody knows that, but

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Speaker 3: I'm like, oh, hold on, I haven't even thought about

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Speaker 3: Harvey getting his first job?

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Speaker 2: Do I want that?

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Speaker 3: Do I want him to be?

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Speaker 2: Like?

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Speaker 3: How do I want this to figure out? So it's

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Speaker 3: just nice asking those questions. But now we get to

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Speaker 3: leap frog to you being eighteen, what was your first

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Speaker 3: job of three.

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Speaker 2: Yeah, my first job was a waitress. I think probably

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Speaker 2: the right of passage for a lot of people.

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Speaker 3: Yeap.

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Speaker 2: So I worked as a waitress, and then I also

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Speaker 2: worked in a club, in a local club. I got

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Speaker 2: my responsible service of alcohol and poured beers in a club,

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Speaker 2: and I think those skills definitely gave me the ability

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Speaker 2: of how to communicate with people absolutely and how to

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Speaker 2: provide exceptional customer service. I think that was founded in

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Speaker 2: me very very young. And then I got my first

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Speaker 2: job as a trainee receptionist as well at eighteen. So

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Speaker 2: I worked those three jobs and squirreled away every single

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Speaker 2: cent that I could during that time. So I could

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Speaker 2: say it's per house.

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Speaker 3: Where did that work ethic come from? Because you know,

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Speaker 3: you haven't been able to work for long and then

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Speaker 3: you get your first job, and I would assume that

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Speaker 3: a lot of people in that situation would be like,

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Speaker 3: oh my goodness, the first time I've got access to

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Speaker 3: essentially disposable cash. Like, can I also be really pervy?

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Speaker 3: Were you still living at home at that point?

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Speaker 2: I was. I was still living at home Mum and

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Speaker 2: Dad as soon as I turned to eighteen, and I

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Speaker 2: guess they'd got that year twelve over with for me.

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Speaker 2: My dad took a job overseas, so mum and dad

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Speaker 2: moved over seas.

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Speaker 3: They're breathing a sigh of relief. They're like, she's done

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Speaker 3: with year twelve. Money win, life win, and they moved overseas.

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Speaker 2: So they gave me what was the family home. Again,

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Speaker 2: that came with responsibility, so I had to learn really

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Speaker 2: quickly how to take care of a yard, mow the lawns,

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Speaker 2: make sure you know, I had enough money for food

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Speaker 2: and the house was clean like it definitely taught me

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Speaker 2: a lot.

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Speaker 3: You kind of quote moved out on your own but

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Speaker 3: not yeah, And I.

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Speaker 2: Used that twelve months to really become an adult, to

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Speaker 2: learn how to stand on my own two feet. And

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Speaker 2: my goal was to buy my own house. I knew

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Speaker 2: that they'd be away for a couple of years, so

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Speaker 2: I wanted my own place when they got back. And

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Speaker 2: I achieved that.

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Speaker 3: That work ethic because I think a lot of eighteen

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Speaker 3: year olds would have been like, first job, waitress, going

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Speaker 3: to the club, I'm going to spend my money on

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Speaker 3: beers and drinks like that. You would you just have

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Speaker 3: your head screwed on, Like I just feel like you've

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Speaker 3: got yourself set up. So how much were you able

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Speaker 3: to save in that first twelve months? Because you already

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Speaker 3: told us I bought my first home at nineteen gol,

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Speaker 3: first job at eighteen, house at nineteen Yeah.

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Speaker 2: Wow, I will preface that too. Mum and Dad obviously

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Speaker 2: helped me towards getting into my first home. They made

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Speaker 2: some really smart money choices when I was born and

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Speaker 2: they put some money into an endowment fund let's call

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Speaker 2: it when I was fourth mom, which they gave to

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Speaker 2: me when they knew that I was going to purchase

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Speaker 2: my first home. So I got ten thousand dollars from

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Speaker 2: them when I got into my first home, and I

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Speaker 2: saved the other thirty thousand on my own.

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Speaker 3: Okay, so ten k from mom and dad and then

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Speaker 3: thirty k on your own that you saved entry level

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Speaker 3: in twelve months. Yeap, post tacks. That is incredible. I

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Speaker 3: love that. So forty thousand dollars deposit? What kind of

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Speaker 3: house are we buying with that? I know that I'm

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Speaker 3: jumping ahead, but like, girl, this is cool.

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Speaker 2: So I bought on the outskirts of Canbra. So I

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Speaker 2: was born and raised in Canbra. So I obviously couldn't

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Speaker 2: afford anything too wild, but a three bedroom, single bathroom

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Speaker 2: home in one of the outer suburbs of Canbra. And yeah,

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Speaker 2: I purchased that home for two hundred and sixty four

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Speaker 2: thousand dollars.

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Speaker 3: And I have to be real pervy. I know that

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Speaker 3: you're forty four. Now what year did you purchase that

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Speaker 3: first home in? Because I feel like the tides up

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Speaker 3: had changed.

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Speaker 2: Yeah, so that was two thousand and one.

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Speaker 3: I would like to go back there. I would very

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Speaker 3: happily give you that amount of money for a three

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Speaker 3: bedroom home. That would be very nice. If you ever

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Speaker 3: want to sell that to me for what you purchased

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Speaker 3: it for, you just hit me up.

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Speaker 2: Yeah, definitely, you and me both. I'd buy that house

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Speaker 2: back in a second. Now.

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Speaker 3: Yeah, I know, right, first home at nineteen. What happened

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Speaker 3: after nineteen? Did you move in? Did you rent it out?

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Speaker 2: Like?

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Speaker 3: What's the journey?

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Speaker 2: Yeah? Worked really really hard. So after that short period

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Speaker 2: of time, I then decided to get back into education.

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Speaker 2: So that twelve months was just working saving with the

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Speaker 2: goal to buy my own home. Then after that slow

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Speaker 2: career progression in terms of just slowly started climbing the ladder,

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Speaker 2: so I went from a trainee receptionist into an admin

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Speaker 2: assistant role. During that time, I was studying, so I

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Speaker 2: was undertaking my diploma of accounting at that time after hours,

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Speaker 2: So three nights a week I'd go to a local

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Speaker 2: business college to do my diploma of accounting. That took

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Speaker 2: me just over eighteen months to finish that off. And again,

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Speaker 2: all in the background, I'm building my skills, building my

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Speaker 2: abilities in and around work, and getting lots of really

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Speaker 2: good work experience. And you know, I chopped and changed

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Speaker 2: a few jobs during that time and finally sort of

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Speaker 2: worked my way up into lower level management by my

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Speaker 2: mid twenties, probably twenty five twenty six, got my first officeanrole,

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Speaker 2: which I loved in the building and construction sector, and

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Speaker 2: I sort of sat in the building a construction sector

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Speaker 2: for the next five to six years.

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Speaker 3: Yeah, okay, And what kind of salary are we looking at?

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Speaker 2: Like?

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Speaker 3: Are we looking at like as an office manager? I

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Speaker 3: feel like sometimes that could be really entry level, but

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Speaker 3: it sounds like you worked your way up to getting

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Speaker 3: into a good office manager role and then when you

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Speaker 3: lay it on construction, I was like, oh, they pay

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Speaker 3: pretty well, So like, what are we talking?

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Speaker 2: So I think at around twenty five or twenty six.

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Speaker 2: I can't remember exactly, but I think I was sitting

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Speaker 2: somewhere around the sixty five k per adam.

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Speaker 3: And that's pretty good because that's back what two thousand

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Speaker 3: and seven, two thousand and eight.

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Speaker 2: Yeah, two thousand and seven, two thousand and eight.

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Speaker 3: Around that time, I'm just trying to do my maths.

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Speaker 3: As you're telling your story, I'm like always fact checking.

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Speaker 3: I'm always like, yeah, okay, and then what okay, and

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Speaker 3: then what Yeah.

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Speaker 2: So I mean it was, you know, I definitely was

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Speaker 2: living comfortably, but there was a period of time before that,

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Speaker 2: like you mentioned before, with you know, all of my friends,

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Speaker 2: you know, having access to cash. When I first bought

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Speaker 2: that house, I remember some weeks I would have, you know,

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Speaker 2: forty dollars left in the bank by the end of

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Speaker 2: the week, by the time I'd put petrol in my car,

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Speaker 2: I did my groceries, paid the bills, paid the mortgage,

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Speaker 2: squirreled the money away for regio and insurance. Like, there

294
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Speaker 2: were some weeks that I was like, wow, I don't

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Speaker 2: have much left, you know, in the bank at the

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Speaker 2: end of this. But I also knew that I was

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Speaker 2: sitting on an asset that at some point that would

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Speaker 2: pay off, and it most certainly did.

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Speaker 3: Yeah, And that's like the compromise you make. It doesn't

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Speaker 3: feel incredible at the time because you're like, oh, hey, Emma,

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Speaker 3: what are you doing today? And then Emma says, oh,

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Speaker 3: I'm going out for drinks with the girls, and you

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Speaker 3: go have fun like it's just it's not great, But

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Speaker 3: you also need to zoom out and be like, oh,

305
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Speaker 3: bigger picture, I'm doing pretty all right here. But in

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Speaker 3: the moment, it can feel like you're really missing out.

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Speaker 2: Yeah, it does. And I guess I got back into

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Speaker 2: my enjoying life and I guess a bit of a

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Speaker 2: party girl phase in those mid twenties when I had

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Speaker 2: a bit more disposable income available to me. I think

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Speaker 2: I made up for a bit of lost time during

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Speaker 2: that period of time and definitely enjoyed life a bit more.

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Speaker 3: Oh good girl. I was about to say, like, I

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Speaker 3: won't call you highly strong, but you're clearly highly motivated.

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Speaker 3: Has there been room for fun in this budget and

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Speaker 3: in this journey? Because it's sorry, three jobs eighteen, working

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Speaker 3: your butt off, saving a heap, buying it nineteen. Yes,

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Speaker 3: you were like, oh, thanks, Mum and Dad helped, but

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Speaker 3: they did only give you twenty five percent of your

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Speaker 3: and not only like a bloody privilege, but like twenty

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Speaker 3: five percent of your deposit. Had you saved for a

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Speaker 3: little bit longer, you would have been able to do

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Speaker 3: it all in your own fantastic I would say that

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Speaker 3: your parents aren't the reason you got into your first

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Speaker 3: home in general, but that's a lot. And then you're

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Speaker 3: working your butt off. You're in this like boogie office

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Speaker 3: management role. I'm like, hellou So, yeah, I had a

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Speaker 3: lot more fun in my twenties and I regret some

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Speaker 3: of these things, but also where's the fun, bab?

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Speaker 2: Yeah? No, there was definitely fun in those mid to

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Speaker 2: late twenties. There was a lot of good times that

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Speaker 2: we had then, and I think I made up for it,

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Speaker 2: and I'm really glad I had that period of my

334
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Speaker 2: life too. I think a bit more financially secure you are,

335
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Speaker 2: had a career. There's definitely been fun, and there's still

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Speaker 2: fun now to this day, even though you know the

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Speaker 2: situation is much different today. Still make sure that I

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Speaker 2: have fun.

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Speaker 3: Okay, So then let's zoom forward. Your twenty six office

340
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Speaker 3: manager role, sixty five grand it's two thousand and seven.

341
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Speaker 3: When did you move into this like corporate management role

342
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Speaker 3: where you were earning six figures?

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Speaker 2: That happened in my late twenties, So around twenty nine

344
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Speaker 2: thirty I landed a very high flying corporate role. I

345
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Speaker 2: was a national revenue manager for a very large multinational

346
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Speaker 2: corporation and I worked there for a couple of years

347
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Speaker 2: until I fell pregnant with my first child. And there

348
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Speaker 2: was travel involved with that role.

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Speaker 3: Oh, very cool as.

350
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Speaker 2: Significant travel, and that's where I started earning some really

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Speaker 2: big dollars during that period of time.

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Speaker 3: What's really big dollars mean?

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Speaker 2: I doubled my income at that point, so I was

354
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Speaker 2: around one hundred and.

355
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Speaker 3: Twenty yeah, wow, and that is especially in now I'm

356
00:15:58,960 --> 00:16:02,400
Speaker 3: keeping trag and and ten a lot of money, So

357
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Speaker 3: one twenty k, bougie, What do you mean travel? So

358
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Speaker 3: you like going around the country, around the world, or.

359
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Speaker 2: Around the country working on a large government contract even

360
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Speaker 2: though was a private private company, but working on a

361
00:16:14,200 --> 00:16:16,840
Speaker 2: large government contract doing a lot of travel during that

362
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Speaker 2: period of time.

363
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Speaker 3: How cool?

364
00:16:18,680 --> 00:16:21,400
Speaker 2: Yeah? It was great, really great experience. Skills that I've

365
00:16:21,480 --> 00:16:23,600
Speaker 2: learned from that job I carried through with me today.

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Speaker 3: Love and so I've just heard the journey from basically

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Speaker 3: eighteen to twenty nine thirty. Can I ask about your

368
00:16:31,080 --> 00:16:32,800
Speaker 3: personal life? You said you had your first kid. Have

369
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Speaker 3: we met like the love of our life during that time?

370
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Speaker 3: Like it takes two to tan go to make a baby,

371
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Speaker 3: So how where's that person coming?

372
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Speaker 2: So I actually met my husband when I was fourteen.

373
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Speaker 3: No stop, but this is so cute.

374
00:16:43,120 --> 00:16:46,160
Speaker 2: Yeah, so we've we first met when I was fourteen,

375
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Speaker 2: he was sixteen.

376
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Speaker 3: Oh that's a big age gap. Back then, it was

377
00:16:49,760 --> 00:16:51,680
Speaker 3: it was and you know.

378
00:16:51,800 --> 00:16:54,080
Speaker 2: We were in and out of each other's lives, you know,

379
00:16:54,280 --> 00:16:58,280
Speaker 2: up until I was about eighteen. And then we don't

380
00:16:58,280 --> 00:16:59,680
Speaker 2: live in the same town, we didn't live in the

381
00:16:59,680 --> 00:17:03,720
Speaker 2: same time. And then when Facebook became a thing, we

382
00:17:04,680 --> 00:17:10,280
Speaker 2: reconnected and yeah, the rest is history. So reconnected. We're

383
00:17:10,320 --> 00:17:13,600
Speaker 2: together for about twelve months, engaged, married in twenty eleven.

384
00:17:13,880 --> 00:17:15,199
Speaker 2: Our daughter came twenty fourteen.

385
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Speaker 3: Oh my goodness. So you've been working at this like

386
00:17:17,520 --> 00:17:20,720
Speaker 3: national rev manager role for a few years and then

387
00:17:20,920 --> 00:17:24,720
Speaker 3: ended up pregnant. That is so special. You talked me

388
00:17:24,880 --> 00:17:27,760
Speaker 3: through that change that you would have gone through because

389
00:17:28,000 --> 00:17:31,280
Speaker 3: going from sorry, the national revenue manager of a multinational

390
00:17:31,359 --> 00:17:36,320
Speaker 3: corporation to pregnant and planning maternity leave. Fantastic, but also

391
00:17:36,440 --> 00:17:38,920
Speaker 3: can feel really jarring. That's a change of pace.

392
00:17:39,240 --> 00:17:41,920
Speaker 2: It was, It very much was, and I went back

393
00:17:42,000 --> 00:17:45,639
Speaker 2: to that role after my daughter was born and loved it,

394
00:17:45,840 --> 00:17:48,800
Speaker 2: but it was definitely challenging being a first time mum,

395
00:17:49,280 --> 00:17:51,840
Speaker 2: with the travel, with all of it. I went back

396
00:17:51,880 --> 00:17:54,080
Speaker 2: to work when our daughter was six months old, and

397
00:17:55,040 --> 00:17:57,760
Speaker 2: it was a very very challenging period of time for sure,

398
00:17:58,280 --> 00:18:00,760
Speaker 2: you know, trying to operate in a role like that

399
00:18:01,520 --> 00:18:05,040
Speaker 2: on next to no sleep, pumping you know, in the

400
00:18:05,280 --> 00:18:08,760
Speaker 2: bathrooms in my break like it was. It was challenging,

401
00:18:09,280 --> 00:18:11,479
Speaker 2: but I loved it. I was still very lit up

402
00:18:11,520 --> 00:18:14,160
Speaker 2: by my role. But there did come a time where

403
00:18:14,800 --> 00:18:17,840
Speaker 2: I decided I couldn't continue on at that pace. And

404
00:18:18,000 --> 00:18:21,359
Speaker 2: an old boss of mine had reached out and asked

405
00:18:21,400 --> 00:18:24,400
Speaker 2: me if i'd come back to work for him, and yeah,

406
00:18:24,440 --> 00:18:27,760
Speaker 2: set me up with my own office, which stopped the travel,

407
00:18:27,880 --> 00:18:30,480
Speaker 2: and I did that for another couple of years until

408
00:18:30,480 --> 00:18:31,680
Speaker 2: that flipped on its head. Yeah.

409
00:18:31,680 --> 00:18:34,920
Speaker 3: Wow, so dought it in twenty fourteen. And then you

410
00:18:35,000 --> 00:18:37,720
Speaker 3: went into this next role with your old boss that

411
00:18:37,840 --> 00:18:40,040
Speaker 3: hit you up. When did you have your second baby.

412
00:18:40,200 --> 00:18:41,800
Speaker 2: I had my son in twenty sixteen.

413
00:18:41,960 --> 00:18:44,120
Speaker 3: Yeah, two years later. That's a good age gap.

414
00:18:44,320 --> 00:18:48,320
Speaker 2: Yeah. Yeah, so he came along in twenty sixteen, and

415
00:18:49,560 --> 00:18:51,960
Speaker 2: I definitely felt everybody says, you know when you have

416
00:18:52,400 --> 00:18:54,840
Speaker 2: two children, because the jump from one to two feels

417
00:18:54,920 --> 00:18:58,200
Speaker 2: like one to ten. And that's definitely how my life felt.

418
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Speaker 3: I really, so I should be good for the future. Okay,

419
00:19:01,720 --> 00:19:04,400
Speaker 3: all right, I'm just prepping myself as someone who wants

420
00:19:04,520 --> 00:19:05,840
Speaker 3: babies always.

421
00:19:05,960 --> 00:19:11,120
Speaker 2: Well, it was a significant shift having two young children

422
00:19:11,680 --> 00:19:15,120
Speaker 2: still working at a in a very senior role within

423
00:19:15,160 --> 00:19:18,720
Speaker 2: an organization, all of the pressures that came came with

424
00:19:18,880 --> 00:19:22,680
Speaker 2: that role. Thankfully, having that flexibility was really important. Like

425
00:19:22,800 --> 00:19:25,040
Speaker 2: I could work at whatever time during the day in

426
00:19:25,119 --> 00:19:27,360
Speaker 2: and around the kids, which was great. I'd often work

427
00:19:27,480 --> 00:19:30,800
Speaker 2: late of a night to find that balance, which was awesome.

428
00:19:31,320 --> 00:19:34,359
Speaker 2: But having the two kids and balancing a job like

429
00:19:34,440 --> 00:19:37,960
Speaker 2: that definitely was a challenge for us and as a family. Yeah.

430
00:19:38,040 --> 00:19:40,280
Speaker 3: And so when you took this new role, was it

431
00:19:40,800 --> 00:19:43,560
Speaker 3: because it obviously gave you flexibility, You're like, I can't

432
00:19:43,640 --> 00:19:46,240
Speaker 3: travel anymore, but where their salary benefits as well? Or

433
00:19:46,280 --> 00:19:47,840
Speaker 3: were you like, no, I'll be on about the same.

434
00:19:48,040 --> 00:19:50,200
Speaker 3: It was funny earning more. You should see her face.

435
00:19:50,359 --> 00:19:54,480
Speaker 2: It's funny when when when my old boss contacted me

436
00:19:54,640 --> 00:19:56,280
Speaker 2: and was like, I'd love you to come back and

437
00:19:56,359 --> 00:19:58,960
Speaker 2: work with me. I remember saying to him, you can't

438
00:19:58,960 --> 00:20:02,000
Speaker 2: afford me anymore. Like we had a really good relationship.

439
00:20:02,119 --> 00:20:04,880
Speaker 3: Sorry, I've had a little bit of a finance glower. Yeah,

440
00:20:04,960 --> 00:20:05,320
Speaker 3: we had this.

441
00:20:05,440 --> 00:20:08,040
Speaker 2: Really great friendship. And he was like, how do you

442
00:20:08,080 --> 00:20:09,520
Speaker 2: know I can't afford you anymore? And I was like,

443
00:20:09,560 --> 00:20:11,320
Speaker 2: because you can't. I know you can't.

444
00:20:11,320 --> 00:20:14,440
Speaker 3: I'm sorry, I'm not trying to be rude, but yeah,

445
00:20:14,880 --> 00:20:15,840
Speaker 3: And he was.

446
00:20:15,920 --> 00:20:20,320
Speaker 2: So proud of me that I had worked by way

447
00:20:21,040 --> 00:20:23,080
Speaker 2: up to a salary like that. I remember him saying,

448
00:20:23,080 --> 00:20:26,280
Speaker 2: because I'm so proud of you, Like that's what you've achieved.

449
00:20:26,520 --> 00:20:28,959
Speaker 2: You should be very proud of He met me at

450
00:20:29,000 --> 00:20:30,800
Speaker 2: the salary I was on. I didn't get an increase,

451
00:20:30,880 --> 00:20:34,399
Speaker 2: but he met me at salary level. But I was

452
00:20:34,520 --> 00:20:36,680
Speaker 2: saving a lot of money. The travel, oh.

453
00:20:36,720 --> 00:20:39,320
Speaker 3: Yeah, absolutely, and the mental load and the time, just.

454
00:20:39,400 --> 00:20:42,080
Speaker 2: The time and just that flexibility of being able to

455
00:20:42,200 --> 00:20:45,320
Speaker 2: be more present with my kids. I couldn't put a

456
00:20:45,400 --> 00:20:46,720
Speaker 2: dollar value on that at the time.

457
00:20:47,080 --> 00:20:49,639
Speaker 3: Yeah, it was so good. I love that for you.

458
00:20:49,760 --> 00:20:52,680
Speaker 3: But you also said I had that job until it

459
00:20:52,760 --> 00:20:54,960
Speaker 3: flipped on its head, So tell me about that.

460
00:20:55,240 --> 00:21:00,600
Speaker 2: So it literally all came crashing down overnight at his

461
00:21:01,600 --> 00:21:04,960
Speaker 2: empire of companies. I can't delf too much into what

462
00:21:05,119 --> 00:21:05,920
Speaker 2: happened there.

463
00:21:05,760 --> 00:21:07,880
Speaker 3: But no, but it wasn't like you came to work

464
00:21:07,960 --> 00:21:10,160
Speaker 3: one day and he was like, money Durist, I don't

465
00:21:10,160 --> 00:21:11,960
Speaker 3: even like you anymore. You're fired. It wasn't that.

466
00:21:12,160 --> 00:21:14,520
Speaker 2: It was like, definitely not, definitely not. It was a

467
00:21:14,560 --> 00:21:15,480
Speaker 2: lot more complex than that.

468
00:21:15,680 --> 00:21:18,000
Speaker 3: Businesses went bankrupt or something like that.

469
00:21:18,200 --> 00:21:20,200
Speaker 2: Yeah, it was definitely a lot more complex than that

470
00:21:20,720 --> 00:21:24,760
Speaker 2: very sad set of events that transpired there. Thankfully none

471
00:21:24,800 --> 00:21:28,119
Speaker 2: of them were due to financial mismanagement or anything like that.

472
00:21:28,720 --> 00:21:32,080
Speaker 2: It was a very stutie businessman just made some poor decisions.

473
00:21:32,240 --> 00:21:35,000
Speaker 3: So I'm going to ask you about that offline.

474
00:21:35,720 --> 00:21:37,640
Speaker 2: Yeah, yeah, you can ask me onfline. For sure.

475
00:21:37,840 --> 00:21:39,240
Speaker 3: You're going to be like, give me the tea, Give

476
00:21:39,280 --> 00:21:41,440
Speaker 3: me the tea, because as us do you see? And

477
00:21:41,560 --> 00:21:43,760
Speaker 3: you know what I love. I love gossip that doesn't

478
00:21:43,840 --> 00:21:46,840
Speaker 3: involve me. Anybody I know don't want to know. But

479
00:21:47,000 --> 00:21:49,520
Speaker 3: some men that I've never met, I need to know

480
00:21:49,600 --> 00:21:50,000
Speaker 3: his goss.

481
00:21:50,160 --> 00:21:53,160
Speaker 2: It was actually a really really difficult period of my life,

482
00:21:53,520 --> 00:21:57,400
Speaker 2: but also really enlightening because it pushed me. It gave

483
00:21:57,520 --> 00:21:59,680
Speaker 2: me that big push to go right. It's now will never.

484
00:22:00,359 --> 00:22:03,240
Speaker 2: You've now got the perfect opportunity to start your own business.

485
00:22:03,840 --> 00:22:05,080
Speaker 2: Are you game enough to do it?

486
00:22:05,240 --> 00:22:07,159
Speaker 3: How old were your kids when you made the decision

487
00:22:07,200 --> 00:22:08,159
Speaker 3: to start your own business?

488
00:22:08,480 --> 00:22:12,440
Speaker 2: So that was in twenty eighteen, So my daughter was

489
00:22:12,520 --> 00:22:14,200
Speaker 2: four and my son was two.

490
00:22:14,480 --> 00:22:16,840
Speaker 3: Oh my goodness. So you don't even have kids that

491
00:22:16,920 --> 00:22:18,880
Speaker 3: are in school and you've got all this extra time

492
00:22:18,920 --> 00:22:21,359
Speaker 3: and you basically still in toddler and kindermode.

493
00:22:21,920 --> 00:22:24,200
Speaker 2: Yep, definitely, definitely, they're both in daycare.

494
00:22:24,200 --> 00:22:25,080
Speaker 3: It's crazy. I love.

495
00:22:25,160 --> 00:22:28,280
Speaker 2: It gave me some flexibility, which was really nice. Yeah,

496
00:22:28,280 --> 00:22:31,800
Speaker 2: it was definitely a wonderfully challenging period of time.

497
00:22:32,320 --> 00:22:34,920
Speaker 3: So what's it like to build your very first and

498
00:22:35,160 --> 00:22:38,159
Speaker 3: very own business like twenty eighteen? Tell me about that.

499
00:22:38,560 --> 00:22:42,720
Speaker 2: I remember waking up a couple of days after, you know,

500
00:22:43,200 --> 00:22:45,440
Speaker 2: my WORL came crushing down with my previous job, and

501
00:22:45,480 --> 00:22:48,160
Speaker 2: I remember saying to my husband, I was like, will

502
00:22:48,200 --> 00:22:50,600
Speaker 2: you back me if I go out on my own?

503
00:22:50,840 --> 00:22:53,600
Speaker 3: If you said no, grounds for divorce. So yeah, good,

504
00:22:53,640 --> 00:22:54,800
Speaker 3: I'm glad that worked out for you.

505
00:22:55,440 --> 00:22:58,600
Speaker 2: And because I knew that it would come at a

506
00:22:58,720 --> 00:23:04,000
Speaker 2: financial cost to us for a while. And he was like, yeah, absolutely,

507
00:23:04,040 --> 00:23:06,520
Speaker 2: what are you going to call this business? Love? And

508
00:23:06,600 --> 00:23:07,119
Speaker 2: I like that that.

509
00:23:07,240 --> 00:23:09,159
Speaker 3: He's like, Oh, it's not about the semantics. What are

510
00:23:09,200 --> 00:23:10,359
Speaker 3: we calling this because we're doing it?

511
00:23:10,680 --> 00:23:13,080
Speaker 2: Yeah? Yeah, he one hundred percent back to me. He's

512
00:23:13,160 --> 00:23:16,040
Speaker 2: still my biggest backer to this day. He actually works

513
00:23:16,080 --> 00:23:19,320
Speaker 2: in the business now, so oh stop it. Yeah. So

514
00:23:20,280 --> 00:23:23,439
Speaker 2: he has always been my biggest supporter, along with my parents.

515
00:23:23,680 --> 00:23:25,920
Speaker 2: Looping my mum and dad back into it again. You know,

516
00:23:26,080 --> 00:23:28,280
Speaker 2: during that period of time, I relied on them very

517
00:23:28,320 --> 00:23:32,480
Speaker 2: heavily for their wisdom and guidance and leaned on them

518
00:23:32,760 --> 00:23:34,240
Speaker 2: a lot during that period of time.

519
00:23:34,520 --> 00:23:35,080
Speaker 3: I love that.

520
00:23:35,640 --> 00:23:39,440
Speaker 2: And I slowly started building a team of people around me.

521
00:23:39,560 --> 00:23:42,560
Speaker 2: I knew that if I wanted to execute this business well,

522
00:23:43,320 --> 00:23:46,000
Speaker 2: that I would have to build a team around me

523
00:23:46,359 --> 00:23:49,160
Speaker 2: that were really good at the things that I wasn't

524
00:23:49,280 --> 00:23:49,639
Speaker 2: good at.

525
00:23:49,920 --> 00:23:52,359
Speaker 3: Okay, yep, perfect, And I feel like that takes a

526
00:23:52,480 --> 00:23:55,680
Speaker 3: level of like self understanding to go, I'm not very

527
00:23:55,720 --> 00:23:58,359
Speaker 3: good at this, and that can be really hard yeah,

528
00:23:58,480 --> 00:23:58,720
Speaker 3: and I.

529
00:23:58,760 --> 00:24:02,360
Speaker 2: Wanted to be out there growing the business as well

530
00:24:02,600 --> 00:24:07,040
Speaker 2: and meeting people who needed my services and making sure

531
00:24:07,080 --> 00:24:09,480
Speaker 2: I was networking and you know, getting in front of

532
00:24:09,520 --> 00:24:13,240
Speaker 2: the right people. And thankfully the country town that you

533
00:24:13,320 --> 00:24:16,560
Speaker 2: know we live in has a really strong business community.

534
00:24:17,240 --> 00:24:21,120
Speaker 2: And I leveraged into that a lot. And the first

535
00:24:21,160 --> 00:24:24,399
Speaker 2: two years I didn't pay myself. Yeah, so it was

536
00:24:24,760 --> 00:24:28,600
Speaker 2: only thanks to good saving and you know, having a

537
00:24:28,680 --> 00:24:31,879
Speaker 2: good pot of money behind us, my husband and I

538
00:24:32,240 --> 00:24:35,720
Speaker 2: that allowed me to really invest everything that I earned

539
00:24:35,760 --> 00:24:37,479
Speaker 2: for the business back into the business.

540
00:24:37,760 --> 00:24:40,879
Speaker 3: Oh how good. So tell me what type of business

541
00:24:41,119 --> 00:24:43,440
Speaker 3: is this and how much does it earn each year?

542
00:24:43,720 --> 00:24:46,680
Speaker 2: Yeah? Sure? So there's two businesses now, Oh okay, big dog.

543
00:24:47,160 --> 00:24:51,320
Speaker 2: Yeah two businesses now. One is a business solutions firm.

544
00:24:51,800 --> 00:24:58,240
Speaker 2: We provide full end office support. Two businesses. So that's bookkeeping, admin,

545
00:24:58,400 --> 00:25:02,280
Speaker 2: virtual reception, social and did you marketing human resources? Oh?

546
00:25:02,480 --> 00:25:02,920
Speaker 3: Very cool.

547
00:25:03,320 --> 00:25:07,560
Speaker 2: So a one stop shop for businesses to outsource the

548
00:25:07,640 --> 00:25:11,040
Speaker 2: pain areas that they find in their business. And the

549
00:25:11,160 --> 00:25:12,919
Speaker 2: other business is a debt collection business.

550
00:25:13,400 --> 00:25:16,000
Speaker 3: I love that. You know what I reckon? You'd be

551
00:25:16,119 --> 00:25:17,840
Speaker 3: terrifying on the phone in a good way.

552
00:25:18,200 --> 00:25:20,320
Speaker 2: You know what our slogan is for that business is

553
00:25:20,359 --> 00:25:23,960
Speaker 2: it's debt collection, with the difference love. And we go

554
00:25:24,080 --> 00:25:28,520
Speaker 2: about debt collecting not in your typical way. I believe

555
00:25:28,680 --> 00:25:33,480
Speaker 2: that everything is resolvable through good communication and good relationships,

556
00:25:34,160 --> 00:25:37,520
Speaker 2: and if you assign those same principles to collecting money,

557
00:25:38,200 --> 00:25:39,560
Speaker 2: you will often be quite successful.

558
00:25:39,600 --> 00:25:40,440
Speaker 3: You're smart woman.

559
00:25:41,080 --> 00:25:43,360
Speaker 2: So we just go about it a little bit differently

560
00:25:43,520 --> 00:25:46,359
Speaker 2: to what you would envisage your typical debt collector to be.

561
00:25:46,680 --> 00:25:48,679
Speaker 3: I don't have any debts that need to be collected now,

562
00:25:48,800 --> 00:25:50,280
Speaker 3: but next time I do, I'm gonna call you.

563
00:25:50,440 --> 00:25:52,080
Speaker 2: Yeah, sure, please do love to help.

564
00:25:52,200 --> 00:25:55,320
Speaker 3: So tell me now, what type of revenue and employee

565
00:25:55,359 --> 00:25:57,560
Speaker 3: headcount are we looking at? You said, you've like, I

566
00:25:57,600 --> 00:26:00,240
Speaker 3: already know you've got employees. What's that look like? Yeah?

567
00:26:00,280 --> 00:26:03,359
Speaker 2: So we've got a team of twenty now twenty twenty.

568
00:26:03,720 --> 00:26:04,639
Speaker 3: Yeah, look at you go.

569
00:26:05,119 --> 00:26:07,680
Speaker 2: And we turned over last year in excessive two million.

570
00:26:07,920 --> 00:26:11,879
Speaker 3: Excuse me, I love this for you? Do you sometimes go?

571
00:26:12,119 --> 00:26:12,920
Speaker 3: I did that? Yeah?

572
00:26:13,000 --> 00:26:15,640
Speaker 2: I mean, I'm very very proud of what we've achieved.

573
00:26:16,320 --> 00:26:19,080
Speaker 2: I'm very very proud of the staff that we have

574
00:26:19,400 --> 00:26:21,680
Speaker 2: and the people that we've developed within the business. Being

575
00:26:21,720 --> 00:26:25,359
Speaker 2: in a small country town has had its challenges in

576
00:26:26,359 --> 00:26:31,040
Speaker 2: recruiting talent, but we have been able to develop and

577
00:26:31,200 --> 00:26:33,919
Speaker 2: grow some exceptional women. We've got a very large female

578
00:26:34,040 --> 00:26:38,680
Speaker 2: employee base and we've been able to really develop those

579
00:26:38,800 --> 00:26:41,240
Speaker 2: staff and some of them now they run rings around

580
00:26:41,280 --> 00:26:44,159
Speaker 2: me good and I'm really really proud of that.

581
00:26:44,359 --> 00:26:46,320
Speaker 3: I say that all the time about my business, like

582
00:26:46,480 --> 00:26:48,320
Speaker 3: I actually want you to be better at this than me.

583
00:26:48,680 --> 00:26:50,520
Speaker 3: Like I'm hiring you because I think you're way smarter

584
00:26:50,640 --> 00:26:53,320
Speaker 3: than me and better at it. Otherwise I would be

585
00:26:53,400 --> 00:26:57,120
Speaker 3: controlling and just do it myself, which can be humbling

586
00:26:57,200 --> 00:26:59,000
Speaker 3: when I'm like, hey, guys, I've got this good idea

587
00:26:59,040 --> 00:27:02,399
Speaker 3: and they're like, oh oh no, and I'll go, oh okay,

588
00:27:02,720 --> 00:27:04,520
Speaker 3: I'll just go sit in the corner. Then thank you.

589
00:27:05,520 --> 00:27:08,800
Speaker 2: I think the really important thing about building a successful

590
00:27:08,840 --> 00:27:13,000
Speaker 2: business is leaning into the people you have around you agree,

591
00:27:13,119 --> 00:27:16,720
Speaker 2: and also empowering them to show up at their best

592
00:27:16,800 --> 00:27:19,720
Speaker 2: and also working on their strengths. Like there's some people

593
00:27:19,760 --> 00:27:22,440
Speaker 2: within our team that I can really identify where they're

594
00:27:22,440 --> 00:27:25,159
Speaker 2: going to succeed very quickly, and I'm like, let's do

595
00:27:25,320 --> 00:27:26,800
Speaker 2: more of that. It's paid off.

596
00:27:27,040 --> 00:27:28,720
Speaker 3: You sound like a leader, not a manager. And I

597
00:27:28,800 --> 00:27:30,040
Speaker 3: love that so so much.

598
00:27:30,200 --> 00:27:32,320
Speaker 2: I still love being on the tool, so I still

599
00:27:32,320 --> 00:27:33,439
Speaker 2: love getting my hands dirty.

600
00:27:33,520 --> 00:27:35,639
Speaker 3: But a leader does that, a manager doesn't.

601
00:27:35,760 --> 00:27:35,960
Speaker 2: Yeah.

602
00:27:36,080 --> 00:27:39,760
Speaker 3: True, Alida shows people by being with them and working

603
00:27:39,880 --> 00:27:43,080
Speaker 3: with them, not sitting above them and quote leading. And

604
00:27:43,119 --> 00:27:45,520
Speaker 3: you're not cracking a whip. You're literally in the trenches

605
00:27:45,720 --> 00:27:48,399
Speaker 3: getting it done with them. That's what good leadership is about.

606
00:27:49,160 --> 00:27:52,560
Speaker 3: Now I'm gonna pivot back to your personal life, and

607
00:27:52,680 --> 00:27:55,040
Speaker 3: I also want to touch on the same thing for business.

608
00:27:55,160 --> 00:27:57,760
Speaker 3: I suppose what are your current big money goals? What

609
00:27:57,840 --> 00:27:59,160
Speaker 3: are you currently working towards.

610
00:27:59,280 --> 00:28:03,959
Speaker 2: My big money goals would be to set my children up.

611
00:28:04,640 --> 00:28:08,040
Speaker 2: Breaking into the property market these days is so difficult.

612
00:28:08,119 --> 00:28:11,200
Speaker 2: I'm seeing some of my friends with older kids really

613
00:28:11,240 --> 00:28:14,560
Speaker 2: struggling to get into the property market. So one of

614
00:28:14,640 --> 00:28:17,160
Speaker 2: my big goals would be getting myself to a point

615
00:28:17,160 --> 00:28:20,040
Speaker 2: where I can buy a couple of investment properties to

616
00:28:21,320 --> 00:28:24,679
Speaker 2: leverage that for them. They've still got high school education

617
00:28:24,880 --> 00:28:27,480
Speaker 2: to come. I was privately school educated, and I think

618
00:28:27,520 --> 00:28:30,080
Speaker 2: my parents every day, not in any way discrediting our

619
00:28:30,119 --> 00:28:33,440
Speaker 2: public system. We've got a fantastic public system. But I

620
00:28:33,760 --> 00:28:37,560
Speaker 2: loved my private school education and I believe it has

621
00:28:37,600 --> 00:28:40,480
Speaker 2: set me up for life, and I want to be

622
00:28:40,600 --> 00:28:44,200
Speaker 2: able to give my children those opportunities. So I know

623
00:28:44,280 --> 00:28:47,640
Speaker 2: I've got a few years of quite hexy school fees

624
00:28:48,000 --> 00:28:50,240
Speaker 2: coming up for them, so that's been one of my

625
00:28:50,320 --> 00:28:53,120
Speaker 2: big savings. I've been working diligently towards that to make

626
00:28:53,160 --> 00:28:54,640
Speaker 2: sure that their school fees will be covered.

627
00:28:54,720 --> 00:28:57,280
Speaker 3: And they're crazy these days, Like they're crazy. I did

628
00:28:57,400 --> 00:29:00,560
Speaker 3: not realize how astronomical school fees have gotten. Like I

629
00:29:00,640 --> 00:29:03,760
Speaker 3: had the privilege of going to a Catholic school, so

630
00:29:03,920 --> 00:29:06,240
Speaker 3: it was definitely not a full private school, but it

631
00:29:06,360 --> 00:29:08,880
Speaker 3: was Catholics. It was like kind of like that in between,

632
00:29:09,200 --> 00:29:12,280
Speaker 3: I suppose, and I really really valued that. But it's

633
00:29:12,560 --> 00:29:14,680
Speaker 3: one of those funny things where people like public education

634
00:29:14,800 --> 00:29:16,800
Speaker 3: is great and I go, that's fantastic, But I didn't

635
00:29:16,840 --> 00:29:19,720
Speaker 3: have that experience, Like I don't know what that looks like.

636
00:29:20,080 --> 00:29:21,880
Speaker 3: But what I know is I got a good education,

637
00:29:22,000 --> 00:29:23,760
Speaker 3: and I also want my children to have that, and

638
00:29:23,840 --> 00:29:26,480
Speaker 3: if it's financially viable for me, like that's what I'll do.

639
00:29:26,720 --> 00:29:29,600
Speaker 3: And that's honestly human nature. We do what we're comfortable with,

640
00:29:30,160 --> 00:29:32,280
Speaker 3: so it kind of makes sense.

641
00:29:32,640 --> 00:29:35,400
Speaker 2: So true, and you know, I'm really grateful for my

642
00:29:35,560 --> 00:29:38,440
Speaker 2: parents affording me that. Yeah, because I can look back

643
00:29:38,480 --> 00:29:41,320
Speaker 2: now in retrospect and go those things that I learned

644
00:29:41,480 --> 00:29:44,080
Speaker 2: through school are the values that are now I've been

645
00:29:44,120 --> 00:29:46,600
Speaker 2: instilled in me as an adult woman. You know, I'm

646
00:29:46,680 --> 00:29:48,320
Speaker 2: very grateful and I want to be able to give

647
00:29:48,320 --> 00:29:51,040
Speaker 2: my kids those opportunities. Not to say they might not

648
00:29:51,160 --> 00:29:52,720
Speaker 2: get to the end of year twelve, and I'd be

649
00:29:52,920 --> 00:29:55,320
Speaker 2: super super happy for you know, them ending up in

650
00:29:55,360 --> 00:29:58,080
Speaker 2: a trade or doing whatever, but just giving them that

651
00:29:58,200 --> 00:30:00,840
Speaker 2: foundation to do whatever they want want to do is

652
00:30:00,920 --> 00:30:01,880
Speaker 2: really important to me.

653
00:30:02,320 --> 00:30:02,840
Speaker 3: No, I love that.

654
00:30:02,960 --> 00:30:05,240
Speaker 2: And I'd love to retire early. That's my other big

655
00:30:05,320 --> 00:30:05,800
Speaker 2: money goal.

656
00:30:05,920 --> 00:30:08,760
Speaker 3: That's sexy. What would that mean? But you've got businesses

657
00:30:08,920 --> 00:30:10,960
Speaker 3: like You're not coming across as the kind of gal

658
00:30:11,040 --> 00:30:12,200
Speaker 3: that wants to hang your boots up yet.

659
00:30:12,400 --> 00:30:14,440
Speaker 2: No, I'm not ready, definitely not ready to hang my

660
00:30:14,480 --> 00:30:17,080
Speaker 2: boots up yet. But I would love to be semi

661
00:30:17,160 --> 00:30:20,040
Speaker 2: retired sort of in my mid fifties another ten years.

662
00:30:20,080 --> 00:30:22,000
Speaker 2: It would be nice to take a bit of a

663
00:30:22,040 --> 00:30:24,680
Speaker 2: back seat, maybe sit on some not for profit boards

664
00:30:24,800 --> 00:30:27,400
Speaker 2: or do something with my time where please I can

665
00:30:27,480 --> 00:30:30,440
Speaker 2: contribute back a little bit would be nice and just

666
00:30:30,560 --> 00:30:33,040
Speaker 2: not be in a rat race, you know, running business.

667
00:30:33,160 --> 00:30:35,360
Speaker 2: I think in about ten years time, I'll be ready

668
00:30:35,440 --> 00:30:37,520
Speaker 2: to maybe work a little bit part time. Yeah.

669
00:30:37,560 --> 00:30:39,440
Speaker 3: I love that. Now I have to be even more

670
00:30:39,520 --> 00:30:42,080
Speaker 3: pervy because you said your business has a two million

671
00:30:42,120 --> 00:30:44,840
Speaker 3: dollar revenue, which is fantastic, and that you didn't for

672
00:30:44,920 --> 00:30:47,480
Speaker 3: the first two years in business pay yourself, but you

673
00:30:47,560 --> 00:30:50,120
Speaker 3: did drop earlier that your husband now works in the business.

674
00:30:50,640 --> 00:30:53,760
Speaker 3: What would you say is like your combined family income now,

675
00:30:54,280 --> 00:30:57,080
Speaker 3: so we're over to fifty okay, so very comfy.

676
00:30:57,240 --> 00:30:58,520
Speaker 2: Yeah, look, we don't pay ourselves.

677
00:30:58,840 --> 00:31:00,960
Speaker 3: That's why I was asking combine. I'm like, I know

678
00:31:01,120 --> 00:31:03,320
Speaker 3: that people are going to recognize your voice in your business.

679
00:31:03,440 --> 00:31:06,240
Speaker 3: I was like, just tell me what they combined on average,

680
00:31:06,240 --> 00:31:09,880
Speaker 3: because some businesses, right like they go, oh, we're still skimping,

681
00:31:10,280 --> 00:31:12,000
Speaker 3: Like you know, I've got all these big money goals,

682
00:31:12,040 --> 00:31:14,080
Speaker 3: but like we're still paying ourselves forty grand a year

683
00:31:14,400 --> 00:31:16,720
Speaker 3: or on the flip side, it's like, I do genuinely

684
00:31:16,920 --> 00:31:18,360
Speaker 3: like you have to be in the trenches for a

685
00:31:18,400 --> 00:31:21,280
Speaker 3: little bit to establish things. But then I also believe

686
00:31:21,360 --> 00:31:24,720
Speaker 3: in paying yourself first and putting yourself as a priority first,

687
00:31:24,760 --> 00:31:27,280
Speaker 3: because you can't pull from an empty cup, so true.

688
00:31:27,600 --> 00:31:30,040
Speaker 2: And look it varies yer to year too, like we

689
00:31:30,200 --> 00:31:33,600
Speaker 2: had an exceptional year last year, So there's some dividends

690
00:31:33,680 --> 00:31:35,680
Speaker 2: there that you know, I can I can play around

691
00:31:35,800 --> 00:31:38,479
Speaker 2: with as well. So yes, I could pay myself more,

692
00:31:38,520 --> 00:31:40,600
Speaker 2: we could take home more, but we don't need more

693
00:31:40,920 --> 00:31:43,880
Speaker 2: at this point either, So I'd rather the money sit

694
00:31:44,000 --> 00:31:47,920
Speaker 2: there in the companies. I can make longer term decisions

695
00:31:48,000 --> 00:31:50,120
Speaker 2: and have access to those funds to help grow the

696
00:31:50,160 --> 00:31:50,960
Speaker 2: businesses further.

697
00:31:51,160 --> 00:31:52,800
Speaker 3: Not to mention, that's very tax effective.

698
00:31:52,960 --> 00:31:56,040
Speaker 2: So we're very comfortable. We're very comfortable. And you know

699
00:31:56,600 --> 00:31:58,400
Speaker 2: the good thing is if I need access to further

700
00:31:58,480 --> 00:31:59,760
Speaker 2: money in the future, well then.

701
00:31:59,720 --> 00:32:02,680
Speaker 3: I know, yeah no, and I love that as well.

702
00:32:02,920 --> 00:32:06,440
Speaker 3: I obviously try to be as transparent as possible with

703
00:32:06,680 --> 00:32:09,680
Speaker 3: my business journey just because I know it helps people.

704
00:32:09,760 --> 00:32:12,040
Speaker 3: But then also I'm like, where is the boundaries here?

705
00:32:12,080 --> 00:32:14,120
Speaker 3: Because I am a public figure, like you know who

706
00:32:14,160 --> 00:32:16,400
Speaker 3: I am when I talk about my income, but I

707
00:32:16,520 --> 00:32:18,640
Speaker 3: do the same, like I have this base salary that

708
00:32:18,680 --> 00:32:20,960
Speaker 3: I pay myself that I go, okay, cool, Like you know,

709
00:32:21,160 --> 00:32:22,800
Speaker 3: my husband and I have done our budget and we

710
00:32:22,880 --> 00:32:24,840
Speaker 3: work out between his income and my income what that

711
00:32:25,000 --> 00:32:27,200
Speaker 3: looks like. And then you know, at the end of

712
00:32:27,280 --> 00:32:29,719
Speaker 3: the year, when it's usually June, actually, I sit down

713
00:32:29,760 --> 00:32:31,640
Speaker 3: with my account and we do like some tax planning,

714
00:32:31,920 --> 00:32:34,360
Speaker 3: and he will let me know whether I can pull

715
00:32:34,440 --> 00:32:36,440
Speaker 3: money out of the business or what that looks like.

716
00:32:36,640 --> 00:32:38,760
Speaker 3: And to be honest, I love sitting on a little

717
00:32:38,800 --> 00:32:42,440
Speaker 3: bit of cash in the business because one, tax effective. Obviously,

718
00:32:42,480 --> 00:32:44,800
Speaker 3: if I pull it out, I'm paying my marginal tax

719
00:32:44,880 --> 00:32:48,480
Speaker 3: rate instead of the effective business rates. But two, I

720
00:32:48,600 --> 00:32:51,240
Speaker 3: just feel so secure knowing that if you know, something

721
00:32:51,400 --> 00:32:54,000
Speaker 3: happened and like I don't know I needed you to

722
00:32:54,040 --> 00:32:56,120
Speaker 3: collect some debts, I could still pay my bills in

723
00:32:56,200 --> 00:32:58,200
Speaker 3: the interim. And my staff are you know, going to

724
00:32:58,200 --> 00:33:00,440
Speaker 3: be able to keep roofs over their heads like that.

725
00:33:00,680 --> 00:33:03,640
Speaker 3: Just there's a lot of responsibility and you probably feel

726
00:33:03,680 --> 00:33:05,200
Speaker 3: that too with twenty staff.

727
00:33:05,760 --> 00:33:08,400
Speaker 2: Yeah, there definitely is a lot of responsibility. And look,

728
00:33:08,440 --> 00:33:12,040
Speaker 2: cash is king, cash is king, and having options for

729
00:33:12,240 --> 00:33:15,520
Speaker 2: cash is power up for me. So yeah, it'd be

730
00:33:15,760 --> 00:33:18,360
Speaker 2: great to be rolling around in modds one hundred dollar notes,

731
00:33:18,480 --> 00:33:20,600
Speaker 2: you know, a be lovely and buying all of the

732
00:33:21,560 --> 00:33:24,320
Speaker 2: designer things and what have you. But that's not where

733
00:33:24,360 --> 00:33:25,440
Speaker 2: I get my value from.

734
00:33:25,520 --> 00:33:26,680
Speaker 3: It's not your journey either.

735
00:33:27,000 --> 00:33:30,480
Speaker 2: I really enjoy being able to just live comfortably. That

736
00:33:30,600 --> 00:33:33,160
Speaker 2: makes me happy. Live comfortably. We don't have to worry

737
00:33:33,240 --> 00:33:36,840
Speaker 2: about money, which is really really nice. I've been there,

738
00:33:37,200 --> 00:33:40,320
Speaker 2: I've worried about money. It's been a part of my

739
00:33:40,440 --> 00:33:42,680
Speaker 2: life in those younger years when I was in my

740
00:33:42,800 --> 00:33:44,720
Speaker 2: house for the first time, and then also those couple

741
00:33:44,760 --> 00:33:48,400
Speaker 2: of years where I was growing the business, we accessed

742
00:33:48,440 --> 00:33:51,680
Speaker 2: all of our savings. You know, that was a stressful

743
00:33:51,680 --> 00:33:55,480
Speaker 2: period of time for us financially. So yeah, it's absolutely

744
00:33:55,800 --> 00:33:59,640
Speaker 2: nice to not have to worry now, but also plan

745
00:33:59,760 --> 00:34:01,360
Speaker 2: for the future is also.

746
00:34:01,200 --> 00:34:04,320
Speaker 3: Important, adore. So now flip that question, so what are

747
00:34:04,360 --> 00:34:06,040
Speaker 3: your big money goals for the business.

748
00:34:06,920 --> 00:34:09,200
Speaker 2: So the big money goals are for the business to

749
00:34:09,280 --> 00:34:11,760
Speaker 2: continue to grow. So we want to open up another

750
00:34:12,200 --> 00:34:15,000
Speaker 2: office outside of the regional base that we're in at

751
00:34:15,080 --> 00:34:17,800
Speaker 2: the moment, get into one of the big city centers,

752
00:34:17,840 --> 00:34:20,640
Speaker 2: which we're planning on doing in twenty twenty seven.

753
00:34:21,000 --> 00:34:23,720
Speaker 3: That's so exciting. You do need some cash for that though.

754
00:34:23,719 --> 00:34:26,480
Speaker 2: Definitely, just to access talent to take the business to

755
00:34:26,560 --> 00:34:29,880
Speaker 2: the next level means that we have to establish ourselves

756
00:34:30,160 --> 00:34:32,040
Speaker 2: in an area where we can access more talent.

757
00:34:32,200 --> 00:34:34,800
Speaker 3: Yeah, totally. That's so exciting. All right, I have a

758
00:34:34,840 --> 00:34:37,320
Speaker 3: lot more questions for you, So let's go to a

759
00:34:37,400 --> 00:34:39,160
Speaker 3: really quick break and on the flip side, we're going

760
00:34:39,239 --> 00:34:42,040
Speaker 3: to be talking investment and more about debt and best

761
00:34:42,120 --> 00:34:48,080
Speaker 3: and worst money habits. So guys, don't go anywhere or

762
00:34:48,160 --> 00:34:50,480
Speaker 3: at money darist. I'm going to dive straight in. I'm

763
00:34:50,520 --> 00:34:52,759
Speaker 3: going to make the assumption that the biggest investment you

764
00:34:52,880 --> 00:34:55,360
Speaker 3: have in your life is your business. Is that correct?

765
00:34:55,560 --> 00:34:56,760
Speaker 2: Yes, most certainly.

766
00:34:57,239 --> 00:35:00,120
Speaker 3: I feel like most business owners are like that. What

767
00:35:00,200 --> 00:35:03,120
Speaker 3: are your thoughts around investing? Is that something that you

768
00:35:03,239 --> 00:35:05,320
Speaker 3: guys are doing? Is that something that you're like, No,

769
00:35:05,480 --> 00:35:08,960
Speaker 3: everything goes back into the business at this point, because like, sorry,

770
00:35:09,080 --> 00:35:11,400
Speaker 3: you've got a business with a two million dollar revenue,

771
00:35:11,480 --> 00:35:14,279
Speaker 3: So that's pretty good. That's a pretty good ROI given

772
00:35:14,280 --> 00:35:15,520
Speaker 3: you built that from scratch.

773
00:35:15,760 --> 00:35:18,319
Speaker 2: Yeah. Well, look, we do have some investments. I've got

774
00:35:18,640 --> 00:35:22,200
Speaker 2: some crypto investments. There's a family share portfolio, but nothing definitely,

775
00:35:22,239 --> 00:35:26,160
Speaker 2: nothing extravagant. There's nothing extravagant sitting in there. I'm definitely

776
00:35:26,239 --> 00:35:29,080
Speaker 2: not a savvy investor. I do work closely with a

777
00:35:29,120 --> 00:35:31,719
Speaker 2: financial planner to make sure that we keep things on track.

778
00:35:31,960 --> 00:35:35,800
Speaker 2: And we're smart with our money. One of my biggest

779
00:35:35,800 --> 00:35:37,239
Speaker 2: things is we do pump a fur bit of money

780
00:35:37,280 --> 00:35:40,320
Speaker 2: into ours super. That is something I've been doing for

781
00:35:40,440 --> 00:35:42,279
Speaker 2: a long period of time, and now that I've got

782
00:35:42,360 --> 00:35:45,839
Speaker 2: more resources to be able to do that, pushing money

783
00:35:45,840 --> 00:35:48,600
Speaker 2: into Super is probably one of my investment strategies at

784
00:35:48,640 --> 00:35:49,480
Speaker 2: the moment. I love that.

785
00:35:49,760 --> 00:35:52,239
Speaker 3: Why super over having you know you said you had

786
00:35:52,280 --> 00:35:55,600
Speaker 3: a family investment portfolio? Why have you gone all right? Well,

787
00:35:55,880 --> 00:35:58,480
Speaker 3: only because I'm literally following this along with a fine

788
00:35:58,520 --> 00:36:01,040
Speaker 3: tooth comb If you want to tie early, like in

789
00:36:01,160 --> 00:36:04,080
Speaker 3: your fifties, how's that part of the strategy.

790
00:36:04,200 --> 00:36:06,680
Speaker 2: Yeah, So obviously I work with our financial planner to

791
00:36:06,840 --> 00:36:09,960
Speaker 2: work out where's the best way and most tax effective

792
00:36:10,000 --> 00:36:12,799
Speaker 2: way as well to invest the money one hundred percent

793
00:36:12,920 --> 00:36:15,000
Speaker 2: And Super is one of us strategies at the moment.

794
00:36:15,400 --> 00:36:18,399
Speaker 2: So it could change in folve months time, but that's

795
00:36:18,480 --> 00:36:20,640
Speaker 2: the strategy at the moment. We don't have a huge

796
00:36:20,719 --> 00:36:24,320
Speaker 2: chef portfolio or anything savvy or extravagant like that, but

797
00:36:24,440 --> 00:36:27,040
Speaker 2: we do have some money tucked away there in shares,

798
00:36:27,680 --> 00:36:29,799
Speaker 2: hopefully for a bit of a rainy day payout one day.

799
00:36:29,880 --> 00:36:31,919
Speaker 3: Yeah, totally, And I think this is going to say,

800
00:36:31,920 --> 00:36:34,040
Speaker 3: I'm just sharing parts of my journey because I feel

801
00:36:34,080 --> 00:36:36,960
Speaker 3: like it resonates as well with the episode. But I've

802
00:36:37,000 --> 00:36:38,960
Speaker 3: been talking to my financial advisor, which I think a

803
00:36:39,000 --> 00:36:41,800
Speaker 3: lot of people are really confused that I have, because

804
00:36:41,800 --> 00:36:43,759
Speaker 3: they're like, weren't you an advisor And I was like, yes,

805
00:36:43,880 --> 00:36:45,800
Speaker 3: but it's kind of like the plumber who has a

806
00:36:45,920 --> 00:36:47,920
Speaker 3: leaky tab, like if you don't have your finger on

807
00:36:48,040 --> 00:36:51,200
Speaker 3: the pulse, and for me, an additional third party checking

808
00:36:51,280 --> 00:36:53,960
Speaker 3: in and going hey, V like have we thought about this, this,

809
00:36:54,080 --> 00:36:56,840
Speaker 3: and this, I just leave it to the wayside, And

810
00:36:56,960 --> 00:37:01,640
Speaker 3: we've just started having conversations about superannuation that you know,

811
00:37:02,040 --> 00:37:05,200
Speaker 3: I obviously know what I'm talking about, but they're like,

812
00:37:05,400 --> 00:37:07,440
Speaker 3: the I think that we should be pumping a bit

813
00:37:07,480 --> 00:37:10,000
Speaker 3: more in here now and basically making hey, well the

814
00:37:10,080 --> 00:37:12,759
Speaker 3: sun's shining, small tax effective, et cetera, et cetera, because

815
00:37:12,880 --> 00:37:16,480
Speaker 3: until now everything has really gone into my personal investment

816
00:37:16,560 --> 00:37:19,320
Speaker 3: portfolio because I do want to retire early, but I

817
00:37:19,440 --> 00:37:21,720
Speaker 3: also want to make the most of a very sexy

818
00:37:21,840 --> 00:37:25,640
Speaker 3: tax environment and like also set future me who yeah,

819
00:37:25,840 --> 00:37:27,919
Speaker 3: she hopefully will be retired by the time she gets

820
00:37:27,960 --> 00:37:30,759
Speaker 3: to that, but can have an even cushier life, Like

821
00:37:31,160 --> 00:37:33,520
Speaker 3: there's just a lot going on. So I just think

822
00:37:33,560 --> 00:37:36,440
Speaker 3: it's so interesting that both of us, like you are

823
00:37:36,600 --> 00:37:40,200
Speaker 3: obviously two really incredible businesses, and I would say someone

824
00:37:40,239 --> 00:37:44,840
Speaker 3: who runs a business solutions business covering literally everything you

825
00:37:44,960 --> 00:37:47,320
Speaker 3: probably could do it yourself, but sometimes you need the

826
00:37:47,400 --> 00:37:50,040
Speaker 3: outside help and the guidance and someone that just kind

827
00:37:50,080 --> 00:37:51,960
Speaker 3: of like goes, yep, this is what we're doing and

828
00:37:52,040 --> 00:37:53,279
Speaker 3: then helps you facilitate it.

829
00:37:53,440 --> 00:37:56,680
Speaker 2: Yeah, I think you need experts in their field advising you.

830
00:37:57,000 --> 00:38:01,640
Speaker 2: So I'm definitely not a financial plan our financial advisor,

831
00:38:01,800 --> 00:38:04,640
Speaker 2: so I lean on people who are experts in that field.

832
00:38:05,160 --> 00:38:08,200
Speaker 2: You know. I've got a fabulous accountant who you know,

833
00:38:08,360 --> 00:38:11,239
Speaker 2: as you have mentioned before, tax planning, like that's something

834
00:38:11,320 --> 00:38:14,160
Speaker 2: that I do with her every year. I really enjoy

835
00:38:14,239 --> 00:38:16,400
Speaker 2: that time with her. We are sorts of questions and

836
00:38:16,960 --> 00:38:19,719
Speaker 2: you know, work out the best strategy to make sure

837
00:38:19,840 --> 00:38:23,080
Speaker 2: that we're minimizing our tax we're getting the most benefit

838
00:38:23,640 --> 00:38:27,440
Speaker 2: for the businesses and ourselves personally. So yeah, definitely relying

839
00:38:27,560 --> 00:38:30,200
Speaker 2: on the network of people around me. I don't have

840
00:38:30,320 --> 00:38:34,279
Speaker 2: all the answers most certainly not, and they do, so

841
00:38:34,880 --> 00:38:35,920
Speaker 2: I'll talk to them about it.

842
00:38:36,080 --> 00:38:39,960
Speaker 3: Money win talk to me now about debt, So in

843
00:38:40,160 --> 00:38:43,880
Speaker 3: both business and then in personal life, what debts are

844
00:38:43,920 --> 00:38:45,440
Speaker 3: you carrying? What does that look like?

845
00:38:45,760 --> 00:38:48,120
Speaker 2: So right at this point in time, at this exact

846
00:38:48,239 --> 00:38:52,120
Speaker 2: point in time, two mortgages, because we've just sold our

847
00:38:52,320 --> 00:38:54,279
Speaker 2: family home and moved into a new family home, which

848
00:38:54,280 --> 00:38:58,360
Speaker 2: has been really really exciting. How far we're just in

849
00:38:58,480 --> 00:39:02,320
Speaker 2: the process. It's so exciting. It's been lovely. My husband

850
00:39:02,360 --> 00:39:05,239
Speaker 2: and I built our first home and we've raised our

851
00:39:05,320 --> 00:39:07,400
Speaker 2: kids there and in the process of being sold, and

852
00:39:07,440 --> 00:39:09,440
Speaker 2: we bought a new home and we've been in here

853
00:39:09,520 --> 00:39:12,719
Speaker 2: for a little while. So we're carrying two mortgages at

854
00:39:12,760 --> 00:39:14,800
Speaker 2: the moment, but that should all be done at the

855
00:39:14,880 --> 00:39:15,480
Speaker 2: end of this month.

856
00:39:15,680 --> 00:39:17,920
Speaker 3: And when you stay done, you mean you'll drop back

857
00:39:18,000 --> 00:39:19,920
Speaker 3: down to like one mortgage, shingle.

858
00:39:19,680 --> 00:39:23,560
Speaker 2: Mortgage in carrigage. And then we've just got two motor vehicles.

859
00:39:23,840 --> 00:39:26,799
Speaker 2: That's the only debt we have, including the business.

860
00:39:26,520 --> 00:39:29,960
Speaker 3: And those personal cars or business cars business cars. This month,

861
00:39:30,000 --> 00:39:31,920
Speaker 3: I was about to be like, tell me you've got

862
00:39:32,000 --> 00:39:34,520
Speaker 3: that in your business, Like, don't get me wrong, there's

863
00:39:34,520 --> 00:39:37,640
Speaker 3: a whole heap of things that you'd take into consideration.

864
00:39:37,400 --> 00:39:40,960
Speaker 2: But we definitely pay FBT on those cars because we

865
00:39:41,120 --> 00:39:44,439
Speaker 2: use as a hybrid of business and personal same but yeah,

866
00:39:44,520 --> 00:39:47,520
Speaker 2: both cars have purchased some of the company. But yeah,

867
00:39:47,560 --> 00:39:48,799
Speaker 2: other than that, we have no debt.

868
00:39:48,960 --> 00:39:52,600
Speaker 3: Love, that's so sexy, especially from a business owner. Sorry,

869
00:39:52,840 --> 00:39:55,920
Speaker 3: two million dollars in revenue and you have no business debt. Oh,

870
00:39:56,120 --> 00:39:57,240
Speaker 3: that's so sexy.

871
00:39:57,400 --> 00:39:59,800
Speaker 2: You debt And I'm very get impressive.

872
00:40:00,120 --> 00:40:01,000
Speaker 3: Are you proud of that?

873
00:40:01,239 --> 00:40:04,240
Speaker 2: Really proud? And one of my strategies going into business

874
00:40:04,480 --> 00:40:08,400
Speaker 2: was that I didn't want to have a huge amount

875
00:40:08,400 --> 00:40:11,440
Speaker 2: of debt to carry. I wanted to slowly build the business.

876
00:40:11,560 --> 00:40:15,000
Speaker 2: And the sacrifice for that was that we depleted our

877
00:40:15,040 --> 00:40:17,319
Speaker 2: savings during that period of time because I wasn't able

878
00:40:17,360 --> 00:40:20,160
Speaker 2: to pay myself because I just reinvested everything back into

879
00:40:20,200 --> 00:40:22,799
Speaker 2: the business in the hope that it would pay off,

880
00:40:23,000 --> 00:40:26,399
Speaker 2: and it did. But that meant that I wasn't carrying debt.

881
00:40:27,040 --> 00:40:29,320
Speaker 2: Which when I say we don't carry debt, we have

882
00:40:29,400 --> 00:40:31,759
Speaker 2: a company credit card which we pay off every month

883
00:40:31,880 --> 00:40:34,880
Speaker 2: and we utilize that. But no, significant, No.

884
00:40:35,080 --> 00:40:38,319
Speaker 3: That doesn't count. Like, don't get me wrong, Like, yes,

885
00:40:38,400 --> 00:40:39,600
Speaker 3: I know a lot of people will be like, well,

886
00:40:39,640 --> 00:40:41,880
Speaker 3: that's bad debt, but that's the same as us like

887
00:40:42,200 --> 00:40:44,640
Speaker 3: we have a business credit card because I'm like, well,

888
00:40:44,920 --> 00:40:47,560
Speaker 3: that for our business makes the most sense. And it

889
00:40:47,719 --> 00:40:50,480
Speaker 3: also from a security perspective, like my team have that

890
00:40:50,600 --> 00:40:53,719
Speaker 3: they can put their expenses on the credit card, but

891
00:40:53,840 --> 00:40:56,240
Speaker 3: no one has access to all of our business savings

892
00:40:56,320 --> 00:40:58,120
Speaker 3: if we get hacked or whatever. I'd prefer it to

893
00:40:58,200 --> 00:41:01,120
Speaker 3: be on a credit card. Also, point slack. All of

894
00:41:01,200 --> 00:41:03,160
Speaker 3: that is very fun. And then on top of that,

895
00:41:03,840 --> 00:41:05,560
Speaker 3: it just gets paid off every month, so it's just

896
00:41:05,640 --> 00:41:08,640
Speaker 3: a cash flow strategy rather than a debt strategy exactly.

897
00:41:08,719 --> 00:41:11,800
Speaker 2: And look, I believe that the right debt can be

898
00:41:11,880 --> 00:41:12,440
Speaker 2: good to I.

899
00:41:12,520 --> 00:41:13,759
Speaker 3: Do too, but I'm scared of it.

900
00:41:13,920 --> 00:41:14,440
Speaker 2: Yes it is.

901
00:41:14,600 --> 00:41:15,200
Speaker 3: It is scary.

902
00:41:15,400 --> 00:41:19,160
Speaker 2: It is scary, but I'm also not opposed to going.

903
00:41:19,280 --> 00:41:22,400
Speaker 2: If the right opportunity came my way and I needed

904
00:41:22,440 --> 00:41:27,920
Speaker 2: to leverage debt to execute that opportunity, I would definitely

905
00:41:27,960 --> 00:41:29,799
Speaker 2: do it. Yeah, agreed, it have to be the right

906
00:41:29,840 --> 00:41:31,200
Speaker 2: opportunity for me to do it.

907
00:41:31,440 --> 00:41:33,560
Speaker 3: You have worked so hard and this is just all

908
00:41:33,640 --> 00:41:36,400
Speaker 3: so exciting. But how are you protecting it? Do you

909
00:41:36,520 --> 00:41:38,160
Speaker 3: have personal insurances set up?

910
00:41:38,200 --> 00:41:38,440
Speaker 4: If so?

911
00:41:38,640 --> 00:41:38,799
Speaker 2: How?

912
00:41:39,000 --> 00:41:39,239
Speaker 3: If not?

913
00:41:39,400 --> 00:41:40,040
Speaker 2: Why so?

914
00:41:40,239 --> 00:41:44,320
Speaker 4: Yes, I certainly do have personal insurances to protect myself

915
00:41:44,960 --> 00:41:48,160
Speaker 4: and the business to ensure its future growth and longevity,

916
00:41:48,239 --> 00:41:51,680
Speaker 4: and also if the worst situation was to ever happen

917
00:41:52,200 --> 00:41:54,600
Speaker 4: and I was unable to work in the business. So

918
00:41:55,600 --> 00:41:58,200
Speaker 4: some of the insurances that I do have from a

919
00:41:58,280 --> 00:42:03,520
Speaker 4: personal perspective is tously my death and permanent disability, which

920
00:42:04,200 --> 00:42:08,239
Speaker 4: is insurance that's held under and through my superfund. So

921
00:42:08,680 --> 00:42:12,360
Speaker 4: I have a phenomenal financial advisor who make sure that

922
00:42:12,840 --> 00:42:16,560
Speaker 4: every year we touch base, we review my insurance policies

923
00:42:17,080 --> 00:42:20,560
Speaker 4: in and around death and permanent disability. I also have

924
00:42:20,719 --> 00:42:24,880
Speaker 4: income protection insurance, so in the event that I'm unable

925
00:42:25,000 --> 00:42:28,440
Speaker 4: to generate an income or something unfortunate was to happen,

926
00:42:29,080 --> 00:42:32,680
Speaker 4: that my family had some protection in and around the

927
00:42:32,800 --> 00:42:35,600
Speaker 4: income coming into the family home. And one of the

928
00:42:35,680 --> 00:42:38,520
Speaker 4: other insurances that I have been looking into lately, I

929
00:42:38,600 --> 00:42:41,080
Speaker 4: haven't yet taken out this policy, but it's something I'm

930
00:42:41,120 --> 00:42:44,279
Speaker 4: talking about with my broker is in and around key

931
00:42:44,400 --> 00:42:47,279
Speaker 4: Man insurance, and it was something that was foreign to

932
00:42:47,400 --> 00:42:53,320
Speaker 4: me up until recently. And key Man insurance is something

933
00:42:53,440 --> 00:42:59,120
Speaker 4: that is in place for owners of larger businesses who

934
00:42:59,239 --> 00:43:03,480
Speaker 4: play a part in the income generation of that business,

935
00:43:04,160 --> 00:43:08,080
Speaker 4: and if something unfortunate was to happen in terms of

936
00:43:08,120 --> 00:43:11,840
Speaker 4: if I was incapacitated in any way that the income

937
00:43:12,040 --> 00:43:15,719
Speaker 4: that I bring into the business, there was some insurance

938
00:43:15,800 --> 00:43:18,600
Speaker 4: in and around that. So that's something that I'm looking

939
00:43:18,640 --> 00:43:20,640
Speaker 4: at at the moment to see if that will be

940
00:43:21,120 --> 00:43:24,280
Speaker 4: of benefit to me personally and to the business.

941
00:43:24,600 --> 00:43:26,759
Speaker 3: I love you are so switched on and at the

942
00:43:26,880 --> 00:43:29,600
Speaker 3: very start you said, I'm an as so girl. What's

943
00:43:29,640 --> 00:43:30,600
Speaker 3: your best money havebit?

944
00:43:30,960 --> 00:43:32,480
Speaker 2: I think I'm all over my numbers.

945
00:43:32,719 --> 00:43:36,000
Speaker 3: I can tell like I eat bously this stuff.

946
00:43:36,320 --> 00:43:39,000
Speaker 2: I watch my numbers daily. Cash is king. As I

947
00:43:39,080 --> 00:43:41,640
Speaker 2: mentioned before, you know, I'm always looking at my cash

948
00:43:41,680 --> 00:43:44,840
Speaker 2: flow projections, you know, making sure I'm all over that,

949
00:43:45,600 --> 00:43:49,480
Speaker 2: making sure the business is meeting its goals and expectations.

950
00:43:50,040 --> 00:43:52,759
Speaker 2: If we do have revenue peaks and troughs, am I

951
00:43:52,840 --> 00:43:56,560
Speaker 2: prepared for those? What do they look like? My financial literacy,

952
00:43:56,600 --> 00:43:59,320
Speaker 2: I'd say is quite high. Is it the best? Definitely not.

953
00:44:00,040 --> 00:44:03,280
Speaker 2: Have I got errors to improve, absolutely, But I'm pretty

954
00:44:03,320 --> 00:44:03,759
Speaker 2: all over that.

955
00:44:03,920 --> 00:44:06,400
Speaker 3: Yeah, elite, I love that. And then flip it. Do

956
00:44:06,480 --> 00:44:08,320
Speaker 3: you actually have a worst money habit?

957
00:44:08,480 --> 00:44:11,239
Speaker 2: I do. I've got a few booking holidays on a

958
00:44:11,280 --> 00:44:12,440
Speaker 2: whim would be one.

959
00:44:12,600 --> 00:44:15,000
Speaker 3: Okay, that's good. No, I love that for you because

960
00:44:15,000 --> 00:44:17,560
Speaker 3: I'm like, girl, you work so hard. I'm not mad

961
00:44:17,600 --> 00:44:17,960
Speaker 3: about this.

962
00:44:18,360 --> 00:44:21,880
Speaker 2: Yeah. Probably not putting some thought processes into booking holidays

963
00:44:21,920 --> 00:44:26,399
Speaker 2: would be one and last minute Christmas shopping. I'm just why.

964
00:44:26,600 --> 00:44:27,400
Speaker 3: I'm the same as you.

965
00:44:27,640 --> 00:44:29,840
Speaker 2: I'm just the worst when it comes to that, and

966
00:44:29,920 --> 00:44:34,719
Speaker 2: then I overspend and I'm not prepared. Every year I

967
00:44:34,800 --> 00:44:36,680
Speaker 2: say I've got next year's going to be different, Next

968
00:44:36,760 --> 00:44:37,600
Speaker 2: year's going to be different.

969
00:44:38,280 --> 00:44:41,000
Speaker 3: It's every time, every time. No, but do you know

970
00:44:41,080 --> 00:44:42,480
Speaker 3: what I have done? I now have a list in

971
00:44:42,600 --> 00:44:44,560
Speaker 3: my phone and I've always had like a gift list,

972
00:44:44,800 --> 00:44:47,439
Speaker 3: but I made a specific Christmas list. But I feel

973
00:44:47,480 --> 00:44:48,960
Speaker 3: like that's a step in the right direction.

974
00:44:49,200 --> 00:44:51,759
Speaker 2: Yep. Well, look you're part way there, which I love it.

975
00:44:52,440 --> 00:44:54,680
Speaker 2: I think I probably need to do the same. I look,

976
00:44:54,760 --> 00:44:57,359
Speaker 2: now that you've said that, maybe that's something that needs

977
00:44:57,400 --> 00:44:59,719
Speaker 2: to go down on the on the goals list for this.

978
00:45:00,239 --> 00:45:01,960
Speaker 2: I need to probably write it down to make sure

979
00:45:01,960 --> 00:45:03,279
Speaker 2: that I hold myself accountable to me.

980
00:45:03,280 --> 00:45:05,640
Speaker 3: No, I love it all right. Now, final question I've

981
00:45:05,640 --> 00:45:07,600
Speaker 3: got for you. You said you're an A minus. Why

982
00:45:07,719 --> 00:45:09,440
Speaker 3: not an A plus? What would it take for you

983
00:45:09,560 --> 00:45:11,680
Speaker 3: to be an A? Plus Diarist.

984
00:45:12,239 --> 00:45:16,120
Speaker 2: Look, I think there's always capacity to be better in

985
00:45:16,320 --> 00:45:20,320
Speaker 2: every aspect of life. I don't have all the answers

986
00:45:20,360 --> 00:45:22,080
Speaker 2: all the time, so I don't think I could be

987
00:45:22,160 --> 00:45:25,759
Speaker 2: an A plus just yet. Maybe upon retirement, when I'm

988
00:45:25,800 --> 00:45:27,200
Speaker 2: sitting comfortably, I can say.

989
00:45:27,160 --> 00:45:29,080
Speaker 3: Yeah, and you're like, we did it, We've achieved it.

990
00:45:29,200 --> 00:45:31,280
Speaker 2: But yeah, I think I think I'm an A minus

991
00:45:31,280 --> 00:45:33,200
Speaker 2: and I'm quite comfortable sitting there for the time being.

992
00:45:33,239 --> 00:45:34,480
Speaker 2: Always room to grow and develop.

993
00:45:34,560 --> 00:45:36,680
Speaker 3: That's a very good report card, so I'm not mad

994
00:45:36,719 --> 00:45:38,960
Speaker 3: about that. I'm always just so pervy, and the benefit

995
00:45:39,040 --> 00:45:41,440
Speaker 3: of you being anonymous means I can ask anything. And

996
00:45:41,520 --> 00:45:44,000
Speaker 3: it's just so fun because if we'd run into each

997
00:45:44,000 --> 00:45:45,960
Speaker 3: other in person and I'd be like, oh, tell me

998
00:45:46,000 --> 00:45:47,719
Speaker 3: about your business, You'd be like, yeah, it's good, and

999
00:45:47,760 --> 00:45:49,719
Speaker 3: I'd be like, oh, I wonder what a revenue is,

1000
00:45:49,760 --> 00:45:51,880
Speaker 3: but I wouldn't have the balls to ask, Oh my god, no,

1001
00:45:52,840 --> 00:45:53,759
Speaker 3: So thank you for that.

1002
00:45:53,880 --> 00:45:56,719
Speaker 2: It's lovely to be able to share two anonymously with people,

1003
00:45:57,239 --> 00:45:58,840
Speaker 2: because I know there's lots of women out there that

1004
00:45:58,920 --> 00:46:01,080
Speaker 2: are probably sitting on the phone's about jumping into their

1005
00:46:01,120 --> 00:46:04,279
Speaker 2: own business, whether insecurity, is showing up for them or

1006
00:46:04,400 --> 00:46:07,840
Speaker 2: fear hundred sent don't quite make the leap. Hopefully sharing

1007
00:46:07,880 --> 00:46:11,480
Speaker 2: my story gives them the motivation to be able to go, Yeah,

1008
00:46:11,560 --> 00:46:13,440
Speaker 2: I can do it. I can absolutely do it.

1009
00:46:13,600 --> 00:46:15,800
Speaker 3: I could not agree more. That is literally why the

1010
00:46:15,840 --> 00:46:19,040
Speaker 3: podcast exists. I'm like, guys, it's not out of reach.

1011
00:46:19,320 --> 00:46:22,200
Speaker 3: It really isn't. It does take some work, it really does,

1012
00:46:22,880 --> 00:46:26,080
Speaker 3: but it's not impossible. Stories like this make me so excited,

1013
00:46:26,200 --> 00:46:28,439
Speaker 3: and it also makes me so sad because I'm running

1014
00:46:28,440 --> 00:46:30,520
Speaker 3: out of time and I can't ask more perfect questions.

1015
00:46:30,600 --> 00:46:32,640
Speaker 3: But I just know that the community is going to

1016
00:46:32,719 --> 00:46:34,920
Speaker 3: love having listened to this in the same way that

1017
00:46:35,040 --> 00:46:37,600
Speaker 3: I loved getting the privilege of recording it. So thank

1018
00:46:37,640 --> 00:46:38,759
Speaker 3: you so much for your time.

1019
00:46:38,960 --> 00:46:41,160
Speaker 2: Thanks so much for your time. Really nice to chat

1020
00:46:41,200 --> 00:46:42,319
Speaker 2: with you today. You too.

1021
00:46:47,640 --> 00:46:50,160
Speaker 5: The advice shared on She's on the Money is general

1022
00:46:50,239 --> 00:46:54,080
Speaker 5: in nature and does not consider your individual circumstances. She's

1023
00:46:54,160 --> 00:46:57,560
Speaker 5: on the Money exists purely for educational purposes and should

1024
00:46:57,640 --> 00:47:00,800
Speaker 5: not be relied upon to make an investment. All fineancial decision.

1025
00:47:01,200 --> 00:47:03,640
Speaker 5: If you do choose to buy a financial product, read

1026
00:47:03,680 --> 00:47:07,760
Speaker 5: the PDS TMD and obtain appropriate financial advice tailored towards

1027
00:47:07,840 --> 00:47:11,120
Speaker 5: your needs Victoria divine and she's on the money. Are

1028
00:47:11,200 --> 00:47:14,759
Speaker 5: authorized representatives of money sherper P t y lt D

1029
00:47:15,040 --> 00:47:17,759
Speaker 5: A b N three two one six four nine two

1030
00:47:17,880 --> 00:47:21,440
Speaker 5: seven seven zero eight afs L four five one two

1031
00:47:21,560 --> 00:47:22,080
Speaker 5: eight nine