1 00:00:00,200 --> 00:00:03,240 Speaker 1: My name's Anatasha Bamblet. I'm a proud First Nations woman 2 00:00:03,600 --> 00:00:08,600 Speaker 1: and I'm here to acknowledge country t Glenn Young Ganya Niana, 3 00:00:08,680 --> 00:00:11,920 Speaker 1: kaka ya Ya bin Ahaka Nian our gay in Mbina, 4 00:00:11,960 --> 00:00:17,720 Speaker 1: yakarum Jar, Dominyama, Domaga, Ithawakaman, damon Imlan Bomber bang Gadabomba 5 00:00:17,800 --> 00:00:20,280 Speaker 1: in and now in wakah Ghana on yak rum Jar 6 00:00:20,680 --> 00:00:24,960 Speaker 1: water Nadaa. Hello, beautiful friends, we gather on the lands 7 00:00:24,960 --> 00:00:28,040 Speaker 1: of the Aboriginal people. We thank acknowledge and respect the 8 00:00:28,040 --> 00:00:31,280 Speaker 1: Abiginal people's land that we're gathering on today. Take pleasure 9 00:00:31,280 --> 00:00:33,839 Speaker 1: in all the land and respect all that you see. 10 00:00:34,600 --> 00:00:40,240 Speaker 1: She's on the Money podcast acknowledges culture, country, community and connections, 11 00:00:40,960 --> 00:00:44,600 Speaker 1: bringing you the tools, knowledge and resources for you to thrive. 12 00:00:44,880 --> 00:00:46,600 Speaker 2: She's on the Money. 13 00:00:46,800 --> 00:01:04,080 Speaker 3: She's on the Money. 14 00:01:07,720 --> 00:01:10,920 Speaker 2: Hello, and welcome to She's on the Money, the podcast 15 00:01:10,920 --> 00:01:13,520 Speaker 2: that lets you be pervy about other people's money habits 16 00:01:13,880 --> 00:01:17,160 Speaker 2: for educational purposes, of course. Welcome back to another one 17 00:01:17,160 --> 00:01:19,240 Speaker 2: of our money daries where we get to talk with 18 00:01:19,240 --> 00:01:21,959 Speaker 2: one of our incredible She's on the Money community members 19 00:01:22,240 --> 00:01:25,000 Speaker 2: all about their journey. Let's jump straight into it. Because 20 00:01:25,000 --> 00:01:27,520 Speaker 2: this week I got an email and it sounded exactly 21 00:01:27,680 --> 00:01:30,440 Speaker 2: like this, dear, she's on the money. I got my 22 00:01:30,480 --> 00:01:33,440 Speaker 2: first job at fourteen at McDonald's, and I've been working 23 00:01:33,520 --> 00:01:37,199 Speaker 2: and saving ever since. At nineteen, I bought my first 24 00:01:37,240 --> 00:01:40,240 Speaker 2: townhouse while studying at UNI and trying to make a 25 00:01:40,280 --> 00:01:43,399 Speaker 2: mortgage work on a part time income. A few years later, 26 00:01:43,480 --> 00:01:46,039 Speaker 2: my partner moved in and started paying rent, and that 27 00:01:46,160 --> 00:01:49,360 Speaker 2: was the beginning of us building something bigger together. We've 28 00:01:49,400 --> 00:01:51,640 Speaker 2: since bought a home of our own, and that first 29 00:01:51,640 --> 00:01:55,280 Speaker 2: property is now an investment. I'm obsessed with your podcast. 30 00:01:55,320 --> 00:01:58,320 Speaker 2: I listened to every single episode. I would absolutely love 31 00:01:58,360 --> 00:02:01,080 Speaker 2: to share my story as a single young girl who 32 00:02:01,120 --> 00:02:04,520 Speaker 2: started working at macis who now has a portfolio of 33 00:02:04,600 --> 00:02:07,520 Speaker 2: one point five million dollars at the age of twenty five. 34 00:02:08,040 --> 00:02:13,600 Speaker 2: I'm so passionate about budgeting and money management. Let's chat money, diarist. 35 00:02:14,080 --> 00:02:16,440 Speaker 2: So you're like a millionaire that you're like twenty five, 36 00:02:16,880 --> 00:02:19,240 Speaker 2: isn't that crazy? All right? So tell me a little 37 00:02:19,240 --> 00:02:20,960 Speaker 2: bit more about your money story. Let's go back to 38 00:02:21,040 --> 00:02:23,520 Speaker 2: you being fourteen and your first job being macs. 39 00:02:23,800 --> 00:02:26,320 Speaker 4: Hey. So my money story probably started yet when I 40 00:02:26,320 --> 00:02:29,959 Speaker 4: was fourteen, I was working part at McDonald's. My parents 41 00:02:30,080 --> 00:02:33,680 Speaker 4: were very much into my sister and I starting work 42 00:02:33,800 --> 00:02:36,720 Speaker 4: as soon as we become fourteen. So we worked at 43 00:02:36,760 --> 00:02:40,080 Speaker 4: McDonald's and I was earning eight dollars an hour at 44 00:02:40,120 --> 00:02:41,920 Speaker 4: the time that would have felt like a lot. It 45 00:02:42,000 --> 00:02:44,000 Speaker 4: was a lot, and I love the extra money that 46 00:02:44,040 --> 00:02:46,320 Speaker 4: I was bringing in as well that I could spend. 47 00:02:46,880 --> 00:02:48,920 Speaker 4: So I was on eight dollars an hour. I was 48 00:02:48,960 --> 00:02:52,280 Speaker 4: working most weekends and night after school as well, and 49 00:02:52,320 --> 00:02:55,320 Speaker 4: I gradually worked my way up through McDonald to become 50 00:02:55,520 --> 00:03:00,320 Speaker 4: a manager. By the ten I was seventeen. Oh okay, cool, Yeah, 51 00:03:00,320 --> 00:03:03,280 Speaker 4: it was really exciting. So drew McDonald's. I was able 52 00:03:03,280 --> 00:03:05,320 Speaker 4: to save up enough money to buy my first car, 53 00:03:05,919 --> 00:03:08,440 Speaker 4: and then from there I was able to also save 54 00:03:08,520 --> 00:03:12,160 Speaker 4: my deposits for my first townhouse that I bought in 55 00:03:12,200 --> 00:03:13,480 Speaker 4: two thousand and nineteen. 56 00:03:13,720 --> 00:03:16,160 Speaker 2: How much did you save for that? Because that's crazy, 57 00:03:16,560 --> 00:03:19,560 Speaker 2: like going from you know, fourteen, earning eight dollars an hour, 58 00:03:19,639 --> 00:03:22,360 Speaker 2: obviously working up like earning some more. But there are 59 00:03:22,400 --> 00:03:26,200 Speaker 2: so many people and I mean, this wasn't that long ago, guys, like, 60 00:03:26,760 --> 00:03:29,320 Speaker 2: you know, she's twenty five. This is not like, you know, 61 00:03:29,520 --> 00:03:31,680 Speaker 2: thirty years ago. You know, you bought your first home 62 00:03:31,720 --> 00:03:34,320 Speaker 2: and we go, oh, great, like bit unrelatable. I feel 63 00:03:34,320 --> 00:03:36,960 Speaker 2: like during this period of time you would have been 64 00:03:36,960 --> 00:03:39,280 Speaker 2: seeing friends and family and stuff, still saying like, oh, 65 00:03:39,320 --> 00:03:42,320 Speaker 2: the property market's really hard to get into. How much 66 00:03:42,360 --> 00:03:44,640 Speaker 2: did you save? Like I'm jumping ahead, but like, girl, 67 00:03:44,720 --> 00:03:46,240 Speaker 2: this is impressive as all. Heck. 68 00:03:46,440 --> 00:03:49,720 Speaker 4: Yeah, so I saved thirty thousand dollars because the cownhouse 69 00:03:49,800 --> 00:03:52,200 Speaker 4: was only two hundred and fifty thousand dollars that I 70 00:03:52,240 --> 00:03:55,120 Speaker 4: paid for it. Yeah, so they had it advertised for 71 00:03:55,160 --> 00:03:57,960 Speaker 4: two hundred and seventy five thousand, but because I was 72 00:03:58,000 --> 00:04:02,400 Speaker 4: part time, I was at university, I was obviously female, 73 00:04:02,520 --> 00:04:05,800 Speaker 4: so they were like, oh, you could only borrow, like 74 00:04:06,040 --> 00:04:08,160 Speaker 4: to purchase up to two hundred and fifty thousand, to 75 00:04:08,200 --> 00:04:11,160 Speaker 4: borrow two hundred and twenty thousand. Yeah, that's where that 76 00:04:11,200 --> 00:04:14,120 Speaker 4: came from. And I put my offer in. The owner 77 00:04:14,120 --> 00:04:16,640 Speaker 4: at the time was desperate to sell. He was an investor. 78 00:04:16,760 --> 00:04:18,720 Speaker 4: He wanted to buy all the property, so he was like, 79 00:04:18,880 --> 00:04:21,520 Speaker 4: you're the only person interested, I'll just sell it to you. 80 00:04:22,240 --> 00:04:25,320 Speaker 4: So that was really really good for me money when 81 00:04:25,400 --> 00:04:28,799 Speaker 4: wikake that, and then I spent the next five years 82 00:04:28,839 --> 00:04:32,480 Speaker 4: living in that property. And studying at university. And then 83 00:04:32,480 --> 00:04:37,080 Speaker 4: once I graduated university, I saved up some money with 84 00:04:37,160 --> 00:04:40,839 Speaker 4: my partner and we moved into our next house that 85 00:04:40,880 --> 00:04:44,159 Speaker 4: we bought, which was last year in May, for seven 86 00:04:44,240 --> 00:04:45,679 Speaker 4: hundred and forty five thousand. 87 00:04:45,760 --> 00:04:46,880 Speaker 2: Oh my goodness. 88 00:04:47,160 --> 00:04:49,440 Speaker 4: Yeah, we wanted a bit of house with some land, 89 00:04:49,920 --> 00:04:53,119 Speaker 4: so he saved up a deposit because he was paying 90 00:04:53,120 --> 00:04:55,200 Speaker 4: me rent at the time. We were living in the townhouse, 91 00:04:55,760 --> 00:04:58,919 Speaker 4: and so he saved the deposit and I drew the 92 00:04:58,960 --> 00:05:01,840 Speaker 4: equity from my account and we bought this house I'm 93 00:05:01,839 --> 00:05:02,839 Speaker 4: currently living in now. 94 00:05:03,000 --> 00:05:05,800 Speaker 2: Oh my god, So tell me you bought that townhouse. 95 00:05:05,880 --> 00:05:08,320 Speaker 2: And I know I'm jumping ahead to the like you know, 96 00:05:08,480 --> 00:05:11,200 Speaker 2: investments and debts and stuff like I know people are 97 00:05:11,240 --> 00:05:13,560 Speaker 2: thinking it right now, and we're real pervy. You bought 98 00:05:13,560 --> 00:05:16,760 Speaker 2: for about two fifty K. What was the equity when 99 00:05:16,760 --> 00:05:19,720 Speaker 2: it came to purchasing your like family home, I suppose 100 00:05:19,800 --> 00:05:20,440 Speaker 2: with your partner. 101 00:05:20,680 --> 00:05:23,520 Speaker 4: Yeah, so I ended up drawing out one hundred and 102 00:05:23,520 --> 00:05:26,440 Speaker 4: ten thousand dollars in equity. To give a little bit 103 00:05:26,440 --> 00:05:29,800 Speaker 4: of perspective. Obviously, the property market has increased since then, 104 00:05:30,279 --> 00:05:33,960 Speaker 4: so it's currently worth six hundred and fifty thousand sorry. 105 00:05:33,680 --> 00:05:36,719 Speaker 2: What you bought for two fifty and it's worth six 106 00:05:36,760 --> 00:05:37,680 Speaker 2: point fifty. 107 00:05:37,680 --> 00:05:41,200 Speaker 4: Yes, yes, And the property valuation. A year ago when 108 00:05:41,360 --> 00:05:45,200 Speaker 4: I would buying this current house I'm living in, it 109 00:05:45,279 --> 00:05:49,040 Speaker 4: was valued at five hundred thousand, but today it is 110 00:05:49,120 --> 00:05:52,320 Speaker 4: valued at six hundred and fifty thousand, So another money win. 111 00:05:52,480 --> 00:05:54,480 Speaker 2: So when we're offline, you just give me all your 112 00:05:54,480 --> 00:05:57,000 Speaker 2: property tips and tricks like I would put my money 113 00:05:57,000 --> 00:05:59,960 Speaker 2: in there. Absolutely, like you are getting way better return 114 00:06:00,000 --> 00:06:02,840 Speaker 2: burns than anything you could in the share market right now. 115 00:06:02,880 --> 00:06:05,320 Speaker 2: And that's not to say that property is a better investment, Guys, 116 00:06:05,360 --> 00:06:08,200 Speaker 2: do not take what I'm saying as that. But like 117 00:06:08,440 --> 00:06:11,640 Speaker 2: property on average does perform across the board lower than 118 00:06:11,640 --> 00:06:13,719 Speaker 2: the share market. Fine, we know that on the risk 119 00:06:13,800 --> 00:06:16,280 Speaker 2: reward chart. But tell me a bit more about this. 120 00:06:16,720 --> 00:06:19,520 Speaker 2: You live in Queensland and I won't you know, specify 121 00:06:19,560 --> 00:06:21,320 Speaker 2: your location or anything like that, but I think it's 122 00:06:21,360 --> 00:06:23,719 Speaker 2: good context because there's no way you could have bought 123 00:06:23,839 --> 00:06:26,840 Speaker 2: a two hundred and fifty thousand dollars townhouse in the 124 00:06:26,920 --> 00:06:30,520 Speaker 2: last twenty years in Melbourne. But tell me about did 125 00:06:30,560 --> 00:06:32,560 Speaker 2: you think that that would happen or were you just 126 00:06:32,960 --> 00:06:36,719 Speaker 2: stoked to get property or what was your strategy around that, 127 00:06:36,800 --> 00:06:38,200 Speaker 2: because girl, that's impressive. 128 00:06:38,440 --> 00:06:42,800 Speaker 4: Well, initially buying the townhouse in twenty nineteen, I was 129 00:06:42,880 --> 00:06:45,000 Speaker 4: living at home with my parents and all my friends 130 00:06:45,000 --> 00:06:47,400 Speaker 4: were getting brand new cars, and I said to my 131 00:06:47,480 --> 00:06:50,000 Speaker 4: mom and dad, I was like, I need to buy 132 00:06:50,000 --> 00:06:53,000 Speaker 4: something with all this money I'm saving, Like I need 133 00:06:53,040 --> 00:06:55,440 Speaker 4: to put my money somewhere. And that was when we 134 00:06:55,480 --> 00:06:57,720 Speaker 4: started looking at properly because my parents were like, well, 135 00:06:57,760 --> 00:07:00,280 Speaker 4: you've got a car, your car savically fine and have 136 00:07:00,279 --> 00:07:01,839 Speaker 4: a brand new car. It was like a five thousand 137 00:07:01,880 --> 00:07:05,880 Speaker 4: dollars hold in Astra, so it wasn't anything crazy. Yeah, 138 00:07:06,080 --> 00:07:08,680 Speaker 4: And so that was where that came from. And at 139 00:07:08,720 --> 00:07:11,360 Speaker 4: the time, you couldn't have predicted the housing market would 140 00:07:11,360 --> 00:07:14,040 Speaker 4: go the way that it has. And I went in 141 00:07:14,120 --> 00:07:16,400 Speaker 4: with the idea that it was going to be an 142 00:07:16,400 --> 00:07:20,800 Speaker 4: investment property eventually, but I couldn't have ever imagined that 143 00:07:20,960 --> 00:07:23,200 Speaker 4: it would have increased the way that it has. And 144 00:07:23,680 --> 00:07:27,080 Speaker 4: obviously COVID has a lot to play into that as well, 145 00:07:27,600 --> 00:07:30,440 Speaker 4: so that has definitely helped the increase. 146 00:07:30,600 --> 00:07:33,040 Speaker 2: So a bit of strategy, but then also right place, 147 00:07:33,120 --> 00:07:37,600 Speaker 2: right time, tell me why you know you're nineteen we are, 148 00:07:38,000 --> 00:07:40,640 Speaker 2: I would say, still babies at nineteen. Like, I look 149 00:07:40,720 --> 00:07:42,800 Speaker 2: back and I remember thinking, when I was nineteen, I'm 150 00:07:42,800 --> 00:07:45,240 Speaker 2: so mature, like look at me. Go And then I 151 00:07:45,280 --> 00:07:47,520 Speaker 2: look back and I go, who was that child? Like 152 00:07:47,800 --> 00:07:50,360 Speaker 2: how did she even get out of the house? But 153 00:07:50,560 --> 00:07:53,840 Speaker 2: when you were nineteen, how come you had such a 154 00:07:53,840 --> 00:07:56,480 Speaker 2: different money mindset to your friends who were buying new 155 00:07:56,520 --> 00:07:58,200 Speaker 2: cars and traveling and doing all of that, and you 156 00:07:58,200 --> 00:08:00,600 Speaker 2: were like, I want to do something constructive with my money. 157 00:08:00,680 --> 00:08:03,520 Speaker 2: Did you grow up with really financially literate parents or like, 158 00:08:04,160 --> 00:08:08,280 Speaker 2: how did you know to do this? Because that's not 159 00:08:08,480 --> 00:08:11,440 Speaker 2: normal in a nice way, it's perfect, Like I just 160 00:08:11,520 --> 00:08:14,000 Speaker 2: I wish I had that, but also I kind of 161 00:08:14,040 --> 00:08:16,160 Speaker 2: did in a way. My dad was an accountant, but 162 00:08:16,240 --> 00:08:18,040 Speaker 2: I thought I knew better than him, so I listened 163 00:08:18,080 --> 00:08:19,200 Speaker 2: to nothing that he said. 164 00:08:19,880 --> 00:08:21,920 Speaker 4: But's fair enough, and as you do at nineteen, like 165 00:08:21,960 --> 00:08:23,720 Speaker 4: you just want to go out and live your best life. 166 00:08:23,800 --> 00:08:25,760 Speaker 2: Yeah, I knew everything. I wish I knew what I 167 00:08:25,760 --> 00:08:26,960 Speaker 2: thought I knew at nineteen. 168 00:08:27,200 --> 00:08:29,400 Speaker 4: Yeah, And I think that's why I really resonated with 169 00:08:29,440 --> 00:08:34,280 Speaker 4: your podcast, because I did have really like financially literate parents. 170 00:08:34,760 --> 00:08:37,720 Speaker 4: My dad said to us when we first started working 171 00:08:37,720 --> 00:08:40,520 Speaker 4: at McDonald's that we had to transfer at least half 172 00:08:40,559 --> 00:08:43,520 Speaker 4: of our pay to our savings every week, and then 173 00:08:43,520 --> 00:08:45,800 Speaker 4: he wouldn't charge like ran for board. 174 00:08:45,880 --> 00:08:48,240 Speaker 2: Oh I love that. As long as you were saving, 175 00:08:48,360 --> 00:08:50,679 Speaker 2: he was very happy to support you exactly. 176 00:08:50,800 --> 00:08:52,920 Speaker 4: So we would transfer money every week, and it was 177 00:08:52,920 --> 00:08:56,600 Speaker 4: in an account that was like a bonus interest type account, 178 00:08:56,600 --> 00:08:58,960 Speaker 4: and we couldn't access it without my dad coming with 179 00:08:59,040 --> 00:09:01,880 Speaker 4: us in the bank. So we would have a bank 180 00:09:01,920 --> 00:09:04,120 Speaker 4: book and we would write down every week how much 181 00:09:04,160 --> 00:09:06,040 Speaker 4: we try andsfer and watch it grow. And then when 182 00:09:06,080 --> 00:09:08,000 Speaker 4: we got our statements, you would see the interest come 183 00:09:08,040 --> 00:09:10,560 Speaker 4: through and then you go, oh, bonus. Love that, and 184 00:09:10,600 --> 00:09:14,400 Speaker 4: it teaches you you're compulsively save. And I remember my 185 00:09:14,480 --> 00:09:17,040 Speaker 4: dad says all the time. I remember we took you 186 00:09:17,080 --> 00:09:19,640 Speaker 4: shopping once and your mom pulls out a dress and 187 00:09:19,679 --> 00:09:22,320 Speaker 4: she goes, you should buy this dress. It's beautiful. And 188 00:09:22,360 --> 00:09:24,280 Speaker 4: I looked at the price and it was like forty 189 00:09:24,320 --> 00:09:26,520 Speaker 4: dollars and I said to my mom, Mom, that's like 190 00:09:26,679 --> 00:09:29,000 Speaker 4: five hours work for me. Absolutely not. 191 00:09:29,280 --> 00:09:32,240 Speaker 2: You're an icon. Yeah it's true, Yeah, it's true. 192 00:09:32,320 --> 00:09:35,719 Speaker 4: It adds up. And my dad was like, because we 193 00:09:35,720 --> 00:09:38,440 Speaker 4: were living at home, Mom and Dad would pay for 194 00:09:38,600 --> 00:09:40,640 Speaker 4: everything that we needed to get through school and all 195 00:09:40,640 --> 00:09:42,800 Speaker 4: of our essentials. But if we wanted to go out 196 00:09:42,840 --> 00:09:44,640 Speaker 4: on the weekends, we wanted to eat cake away, or 197 00:09:44,640 --> 00:09:47,000 Speaker 4: we wanted to buy clothes, that was on us. And 198 00:09:47,040 --> 00:09:49,000 Speaker 4: because we were on such a low wage, you learn 199 00:09:49,080 --> 00:09:52,280 Speaker 4: the value of money. And yeah, I'm really grateful for 200 00:09:52,320 --> 00:09:54,760 Speaker 4: that because that's the reason why I am where I 201 00:09:54,760 --> 00:09:55,280 Speaker 4: am today. 202 00:09:55,400 --> 00:09:58,240 Speaker 2: I feel like that's really relatable as well, Like so 203 00:09:58,360 --> 00:10:00,120 Speaker 2: many of my friends and I and these make it's 204 00:10:00,160 --> 00:10:02,880 Speaker 2: no sense because you know, if I put myself back 205 00:10:02,920 --> 00:10:06,200 Speaker 2: into like your shoes right now, my hourly rate is 206 00:10:06,240 --> 00:10:08,200 Speaker 2: not the same like as it used to be. Like 207 00:10:08,360 --> 00:10:10,520 Speaker 2: you know, I'm a bit complex, I'm a business owner, 208 00:10:10,800 --> 00:10:13,640 Speaker 2: ebbs flows whatever. But I still have in my head 209 00:10:13,679 --> 00:10:16,280 Speaker 2: one of my first jobs that I was relatively well 210 00:10:16,320 --> 00:10:18,320 Speaker 2: paid in, I was earning twenty eight dollars an hour, 211 00:10:18,679 --> 00:10:23,880 Speaker 2: and for some reason, whenever I think about purchasing something, 212 00:10:24,040 --> 00:10:26,320 Speaker 2: my head goes back to that hourly rate of twenty 213 00:10:26,360 --> 00:10:28,400 Speaker 2: eight dollars an hour and ago, that's a lot of money. 214 00:10:28,400 --> 00:10:30,520 Speaker 2: If you think about it, Do I earn twenty eight 215 00:10:30,559 --> 00:10:32,760 Speaker 2: dollars an hour? No, No, I earn more than that. 216 00:10:32,760 --> 00:10:35,760 Speaker 2: That is a privilege, but like, for some reason, my 217 00:10:35,880 --> 00:10:38,800 Speaker 2: money mindset is stuck at that it's twenty eight dollars 218 00:10:38,840 --> 00:10:41,720 Speaker 2: and I think fifty two cents, like fifty ish cents, right, 219 00:10:42,040 --> 00:10:43,840 Speaker 2: and I just have it in my head and anything 220 00:10:43,880 --> 00:10:45,760 Speaker 2: that's like in my head, I'm like, oh my god, 221 00:10:45,760 --> 00:10:48,240 Speaker 2: brunch is like two and a half hour's worth of work. 222 00:10:48,400 --> 00:10:51,120 Speaker 2: Like that's how I see it. And it makes no sense, 223 00:10:51,200 --> 00:10:52,079 Speaker 2: but it does. 224 00:10:52,480 --> 00:10:54,400 Speaker 4: It does, and I think it really helps you learn 225 00:10:54,440 --> 00:10:57,040 Speaker 4: the value of money and how much things cost. And 226 00:10:57,080 --> 00:10:59,200 Speaker 4: even to this day, I'll go out, we'll get a meal, 227 00:10:59,240 --> 00:11:01,160 Speaker 4: say at the pub, and I'll always go for like 228 00:11:01,320 --> 00:11:03,480 Speaker 4: the twenty dollars burger and chits as opposed to the 229 00:11:03,480 --> 00:11:07,400 Speaker 4: forty dollars steak, like and my mind just goes that way. 230 00:11:07,600 --> 00:11:10,199 Speaker 2: And when you do that, I think it's really good 231 00:11:10,240 --> 00:11:12,199 Speaker 2: because I was. I was talking to someone the other 232 00:11:12,240 --> 00:11:15,080 Speaker 2: day and they're like, Victoria, I know that I should save. 233 00:11:15,679 --> 00:11:17,640 Speaker 2: I am very clear on that. I've listened to all 234 00:11:17,640 --> 00:11:20,080 Speaker 2: your content. But in the moment, I've got the pub 235 00:11:20,120 --> 00:11:22,560 Speaker 2: menu in front of me, and I go the twenty 236 00:11:22,559 --> 00:11:25,800 Speaker 2: dollars burger or the forty dollars steak, and I just 237 00:11:25,920 --> 00:11:28,000 Speaker 2: know that I'll love the steak more, and I go, 238 00:11:28,120 --> 00:11:31,200 Speaker 2: what the heck, like, I'll just buy the steak. What 239 00:11:31,520 --> 00:11:34,600 Speaker 2: about your money mindset? Do you think means that you're 240 00:11:34,720 --> 00:11:37,160 Speaker 2: very happy to lean towards the cheaper option, even if 241 00:11:37,200 --> 00:11:39,520 Speaker 2: there's maybe an option on the menu that you're like, yeah, Like, 242 00:11:39,720 --> 00:11:41,920 Speaker 2: you're right, if both of them were twenty dollars, I'd 243 00:11:41,960 --> 00:11:44,920 Speaker 2: probably pick the steak. But it's not How do you 244 00:11:45,000 --> 00:11:48,840 Speaker 2: make those decisions so consistently that are putting future you 245 00:11:48,960 --> 00:11:52,880 Speaker 2: first without leaning into all ways being instant gratification. 246 00:11:53,280 --> 00:11:56,040 Speaker 4: I think having goals is the most important thing for me, 247 00:11:56,240 --> 00:11:58,480 Speaker 4: Like I talk to my partner about this quite often, 248 00:11:59,200 --> 00:12:01,400 Speaker 4: having a goal of what we're working toward, because then 249 00:12:01,400 --> 00:12:04,360 Speaker 4: when I go out for dinner, I go, Okay, yeah, 250 00:12:04,400 --> 00:12:06,120 Speaker 4: I would love the steak, but I'm going to have 251 00:12:06,160 --> 00:12:08,640 Speaker 4: the burger because then that twenty dollars that I could 252 00:12:08,640 --> 00:12:12,400 Speaker 4: have spent I'm going to put towards my future wedding, 253 00:12:12,480 --> 00:12:15,320 Speaker 4: for instance. And then I go, Okay, that's going to 254 00:12:15,320 --> 00:12:17,760 Speaker 4: be more worthwhile for me, and it's going to get 255 00:12:17,760 --> 00:12:21,200 Speaker 4: me closer to my goal than the steak in this moment. 256 00:12:21,600 --> 00:12:24,360 Speaker 2: Yeah, I love that, But it's also so important to 257 00:12:24,360 --> 00:12:26,920 Speaker 2: have these conversations because I'm the same Like I used 258 00:12:26,920 --> 00:12:29,480 Speaker 2: to be the steak girly and always pick like, oh, 259 00:12:29,559 --> 00:12:32,040 Speaker 2: the most expensive thing, but now I'm like, ah, you 260 00:12:32,040 --> 00:12:34,280 Speaker 2: know it's a Wednesday. Yeah, we are out with my friends, 261 00:12:34,320 --> 00:12:36,040 Speaker 2: Like I don't need an expense. You're like, we're not 262 00:12:36,080 --> 00:12:39,800 Speaker 2: celebrating anything like pipe down Victoria. I feel like the 263 00:12:39,840 --> 00:12:42,280 Speaker 2: one thing that we struggle with is not comprehending the 264 00:12:42,320 --> 00:12:44,600 Speaker 2: fact that we need to save or the fact that 265 00:12:44,600 --> 00:12:46,760 Speaker 2: we should invest, especially if people are listening to this 266 00:12:46,800 --> 00:12:49,640 Speaker 2: podcast right like they're in the right place. It's the 267 00:12:49,760 --> 00:12:52,760 Speaker 2: in the moment decisions. It's the feeling like you're missing out. 268 00:12:52,880 --> 00:12:56,520 Speaker 2: It's the analysis. Paralysis is the comparison. Do you find 269 00:12:56,520 --> 00:12:59,440 Speaker 2: yourself looking at your friends who have maybe nicer cars 270 00:12:59,720 --> 00:13:03,080 Speaker 2: or bougier experiences and going, oh, I'm go anna bit envious? 271 00:13:03,160 --> 00:13:05,079 Speaker 2: Or are you just running your own race and you're 272 00:13:05,120 --> 00:13:05,720 Speaker 2: very cool with it. 273 00:13:05,840 --> 00:13:08,840 Speaker 4: I think I definitely youth do back when I was 274 00:13:08,920 --> 00:13:10,880 Speaker 4: nineteen and I was saving all this money and I 275 00:13:10,880 --> 00:13:13,600 Speaker 4: felt like it wasn't going towards anything. At the time, 276 00:13:13,960 --> 00:13:16,440 Speaker 4: I definitely compared myself as you do, try and keep 277 00:13:16,520 --> 00:13:19,240 Speaker 4: up with trends and where people are at who are 278 00:13:19,640 --> 00:13:21,880 Speaker 4: similar to you and in the same stage of life. 279 00:13:22,280 --> 00:13:24,959 Speaker 4: And I definitely have friends who have like nice new 280 00:13:25,000 --> 00:13:27,560 Speaker 4: cars and they go on big holidays, and I'm going, oh, 281 00:13:27,640 --> 00:13:29,760 Speaker 4: I would really love that for myself. But I know 282 00:13:29,840 --> 00:13:32,000 Speaker 4: that's coming in due time, Like I know that if 283 00:13:32,040 --> 00:13:34,280 Speaker 4: I put my mind to it, I can get there too. 284 00:13:34,679 --> 00:13:37,080 Speaker 4: And I also recognize I am in a different stage 285 00:13:37,080 --> 00:13:40,880 Speaker 4: of life as other people, and I recognize that it's 286 00:13:40,920 --> 00:13:44,559 Speaker 4: all about creating wealth for my future and making sure 287 00:13:44,600 --> 00:13:46,760 Speaker 4: that I'm in the best possible position I can be. 288 00:13:47,480 --> 00:13:50,400 Speaker 4: And I really resonate with when you talk about financial 289 00:13:50,480 --> 00:13:53,200 Speaker 4: freedom because that's something that I really want myself as well. 290 00:13:53,320 --> 00:13:56,480 Speaker 2: I love this tell me more about today because I 291 00:13:56,520 --> 00:13:59,120 Speaker 2: can see you nobody else can, which is an absolute 292 00:13:59,120 --> 00:14:02,680 Speaker 2: privilege money, Doris, that is a very nice engagement ring. 293 00:14:02,880 --> 00:14:05,160 Speaker 2: So where are we at with life? If I see 294 00:14:05,200 --> 00:14:08,400 Speaker 2: something sparkly like my eyes light up, I am a 295 00:14:08,480 --> 00:14:11,560 Speaker 2: dower bird at heart. So I feel like you know 296 00:14:11,760 --> 00:14:14,720 Speaker 2: from fourteen macas buying your first home, You've just bought 297 00:14:14,760 --> 00:14:17,560 Speaker 2: your first property. I feel like life's happening around this. 298 00:14:17,840 --> 00:14:19,120 Speaker 2: So tell me a bit more about that. 299 00:14:19,400 --> 00:14:21,920 Speaker 4: Yes, So at nineteen years old, when I bought that 300 00:14:22,000 --> 00:14:25,160 Speaker 4: first townhouse the same year I met my current fiance. 301 00:14:25,840 --> 00:14:28,560 Speaker 4: I met him in June that year, and then I 302 00:14:28,640 --> 00:14:31,600 Speaker 4: bought the cowhouse in December, and so we don't live 303 00:14:31,640 --> 00:14:34,080 Speaker 4: in together for six months, and I said to him, 304 00:14:34,400 --> 00:14:36,160 Speaker 4: you know, would you like to move in with me? 305 00:14:36,240 --> 00:14:38,440 Speaker 4: And I knew it was very early in our relationship, 306 00:14:38,960 --> 00:14:41,160 Speaker 4: but at the time I didn't have anyone off, but 307 00:14:41,200 --> 00:14:44,120 Speaker 4: I really wanted to be with and or live with, 308 00:14:44,400 --> 00:14:46,840 Speaker 4: and so he said yes, and we moved in together 309 00:14:47,200 --> 00:14:49,600 Speaker 4: and we've been together ever since. We got engaged this 310 00:14:49,720 --> 00:14:53,400 Speaker 4: year in April, and he's the one who, yeah, helped 311 00:14:53,400 --> 00:14:56,280 Speaker 4: save the deposit and we bought this house that we're 312 00:14:56,280 --> 00:14:57,320 Speaker 4: living in together now. 313 00:14:57,800 --> 00:14:59,120 Speaker 2: So I'm very, very lucky. 314 00:14:59,120 --> 00:15:03,200 Speaker 4: He's really great, and he's really helped navigate our goals together. 315 00:15:03,320 --> 00:15:05,240 Speaker 4: We come up with the goals list together and what 316 00:15:05,280 --> 00:15:07,520 Speaker 4: we want for our future, and he's really on board 317 00:15:08,040 --> 00:15:11,200 Speaker 4: and he really like worked towards saving for the same 318 00:15:11,440 --> 00:15:13,640 Speaker 4: goals as meat, which is really great and I really 319 00:15:13,760 --> 00:15:14,280 Speaker 4: value that. 320 00:15:14,320 --> 00:15:16,320 Speaker 2: I love that, and I love asking about people's love 321 00:15:16,360 --> 00:15:18,120 Speaker 2: lives as well. I'm like, oh, who's your partner, have 322 00:15:18,160 --> 00:15:19,800 Speaker 2: you got a partner or do you want that like, 323 00:15:19,800 --> 00:15:23,600 Speaker 2: what's going on? So tell me about today, Like, you know, 324 00:15:23,840 --> 00:15:26,480 Speaker 2: you got engaged in April twenty twenty five, which is 325 00:15:26,520 --> 00:15:28,520 Speaker 2: so exciting. What do you do for work? How much 326 00:15:28,560 --> 00:15:29,560 Speaker 2: money are you earning now? 327 00:15:29,800 --> 00:15:32,960 Speaker 4: Yeah, so I work as a pharmacist. I'm currently earning 328 00:15:33,000 --> 00:15:37,440 Speaker 4: one hundred and fifteen thousand a year. And yeah, today 329 00:15:37,560 --> 00:15:41,560 Speaker 4: we are currently working towards going on holidays, and we 330 00:15:41,720 --> 00:15:45,160 Speaker 4: also are saving towards our wedding as well. So I'm 331 00:15:45,200 --> 00:15:48,760 Speaker 4: going Gigpan next year in March, and then we're getting 332 00:15:48,760 --> 00:15:52,320 Speaker 4: married in September twenty twenty seven, which is really exciting. 333 00:15:52,800 --> 00:15:55,080 Speaker 4: And we've come up with like a little savings plan 334 00:15:55,320 --> 00:15:57,880 Speaker 4: so that we can put money away every week towards 335 00:15:57,880 --> 00:16:02,200 Speaker 4: our wedding. Because I recognize that weddings are quite expensive, 336 00:16:02,760 --> 00:16:05,120 Speaker 4: but I am similar to you, Victoria, where I would 337 00:16:05,160 --> 00:16:07,200 Speaker 4: love the traditional wedding and I want to be able 338 00:16:07,280 --> 00:16:09,440 Speaker 4: to enjoy that with all of our family and friends. 339 00:16:09,520 --> 00:16:11,520 Speaker 2: Yeah, and you have to start saving. Sorry, you just 340 00:16:11,560 --> 00:16:13,920 Speaker 2: have to, like gets so expensive and it piles up. 341 00:16:13,960 --> 00:16:15,600 Speaker 2: But I'm so glad when you said I'm getting married 342 00:16:15,640 --> 00:16:18,320 Speaker 2: September twenty twenty seven, I was like, Queen, You've got 343 00:16:18,360 --> 00:16:21,040 Speaker 2: so much time and then you Sorry, what a smart 344 00:16:21,120 --> 00:16:24,720 Speaker 2: queen as well a pharmacist at twenty five earning more 345 00:16:24,720 --> 00:16:26,760 Speaker 2: than one hundred grand. Sorry, what the heck? 346 00:16:27,080 --> 00:16:30,120 Speaker 4: Yes, yes, I try, I try so. My pharmacy degree 347 00:16:30,880 --> 00:16:34,320 Speaker 4: is very rewarding, and I'm very lucky that I work 348 00:16:34,440 --> 00:16:36,200 Speaker 4: in an industry where I can give back to the 349 00:16:36,240 --> 00:16:39,960 Speaker 4: community and have an impact on other people's lives. And yeah, 350 00:16:39,960 --> 00:16:40,680 Speaker 4: I really love that. 351 00:16:41,040 --> 00:16:43,520 Speaker 2: Stop it. You are an absolute angel, all right, So 352 00:16:43,600 --> 00:16:45,280 Speaker 2: tell me a bit more. You said you and your 353 00:16:45,280 --> 00:16:49,000 Speaker 2: partner have some big money goals. You've bought your property 354 00:16:49,040 --> 00:16:52,800 Speaker 2: this year. What are the other goals you're working towards? 355 00:16:53,160 --> 00:16:55,880 Speaker 2: The wedding I'm assuming is on there. Japan is probably 356 00:16:55,920 --> 00:16:57,280 Speaker 2: on there. What else have we got? 357 00:16:57,400 --> 00:17:00,240 Speaker 4: Yeah, so I'm heading over to Japan in March. And 358 00:17:00,280 --> 00:17:02,920 Speaker 4: we have been saving since we bought this house last year. 359 00:17:03,000 --> 00:17:05,960 Speaker 4: So last year in May, when we bought this current house, 360 00:17:06,520 --> 00:17:09,800 Speaker 4: we have been putting away money for Japan every week, 361 00:17:09,960 --> 00:17:12,600 Speaker 4: and we also put the same amount of money away 362 00:17:12,680 --> 00:17:14,800 Speaker 4: of our home loan, so we make extra payment of 363 00:17:14,920 --> 00:17:17,760 Speaker 4: the loan as well, and that's the deal. We put 364 00:17:18,040 --> 00:17:21,320 Speaker 4: equal announce away every week, and then we eventually saved 365 00:17:21,400 --> 00:17:23,320 Speaker 4: up enough money so over the last year to go 366 00:17:23,400 --> 00:17:25,600 Speaker 4: to Japan, so we booked that so much next year, 367 00:17:25,600 --> 00:17:27,960 Speaker 4: which is kind of like our reward to say, you know, 368 00:17:28,040 --> 00:17:30,040 Speaker 4: you can have the house and you can have the built, 369 00:17:30,080 --> 00:17:32,160 Speaker 4: but you can also save for a holiday. It may 370 00:17:32,200 --> 00:17:35,080 Speaker 4: take a bit longer than you know other people, but 371 00:17:35,359 --> 00:17:38,399 Speaker 4: we are working throward that. And the last thing I 372 00:17:38,440 --> 00:17:40,399 Speaker 4: wanted was to go into debt for a holiday or 373 00:17:40,480 --> 00:17:42,480 Speaker 4: a wedding. So that's why we booked our wedding for 374 00:17:42,520 --> 00:17:45,639 Speaker 4: twenty twenty seven. And we've got a plan where we're 375 00:17:45,680 --> 00:17:48,480 Speaker 4: putting both putting money away every week towards that as well, 376 00:17:48,600 --> 00:17:50,880 Speaker 4: So we're kind of putting our things in all the buffets. 377 00:17:50,880 --> 00:17:53,399 Speaker 2: At the moment, you are a woman after my own heart. 378 00:17:53,520 --> 00:17:56,040 Speaker 2: Now let me be pervy. What type of job does 379 00:17:56,080 --> 00:17:57,879 Speaker 2: your partner have and what type of income are we 380 00:17:57,960 --> 00:17:58,600 Speaker 2: playing with their? 381 00:17:58,920 --> 00:18:02,240 Speaker 4: Yes, so he's an area sales manager. He earns ninety 382 00:18:02,240 --> 00:18:06,040 Speaker 4: thousand dollars a year. Buddy also gets the fringe benefit tax. 383 00:18:06,320 --> 00:18:09,920 Speaker 4: Oh very nice, yeah, yeah, yeah, how good. 384 00:18:10,160 --> 00:18:12,320 Speaker 2: So between you you've got a pretty good income, like 385 00:18:12,359 --> 00:18:14,879 Speaker 2: two hundred grand plus. But at the same time, you 386 00:18:14,920 --> 00:18:18,000 Speaker 2: are children in my head, like anyone who's under thirty 387 00:18:18,280 --> 00:18:20,959 Speaker 2: instantly a child still like you're just a baby, but 388 00:18:21,000 --> 00:18:24,159 Speaker 2: you seem to have your goals very outlined. Can I 389 00:18:24,240 --> 00:18:27,240 Speaker 2: be really perfey? I love shiny things. I love a wedding. 390 00:18:28,040 --> 00:18:31,080 Speaker 2: Have you decided on your wedding budget? If so, what 391 00:18:31,160 --> 00:18:33,920 Speaker 2: does that kind of look like? What are we saving towards? 392 00:18:34,359 --> 00:18:38,760 Speaker 4: Yeah, so I actually use your wedding budget tool that 393 00:18:39,000 --> 00:18:40,800 Speaker 4: you live a spreadsheet that you created. 394 00:18:40,920 --> 00:18:43,000 Speaker 2: It's free, by the way, guys, just download on my 395 00:18:43,040 --> 00:18:44,919 Speaker 2: website Wedding budgeting spreadsheet. 396 00:18:45,000 --> 00:18:48,840 Speaker 4: Absolutely. So I went through your wedding budget spreadsheet and 397 00:18:48,880 --> 00:18:51,560 Speaker 4: I also got quote from vendors that I thought I 398 00:18:51,640 --> 00:18:53,639 Speaker 4: might want to use, And I've got a few different 399 00:18:53,720 --> 00:18:56,520 Speaker 4: quotes and I've plunked them in there. And I'm hoping 400 00:18:56,560 --> 00:18:59,880 Speaker 4: to do my wedding for around thirty thousand dollars. I know, 401 00:19:00,000 --> 00:19:02,480 Speaker 4: so that that might be expensive to some or and 402 00:19:02,600 --> 00:19:06,119 Speaker 4: expensive to others, but that's the budget I'm currently working 403 00:19:06,160 --> 00:19:08,199 Speaker 4: in so by my partner, and I'm putting away one 404 00:19:08,240 --> 00:19:11,080 Speaker 4: hundred and sixty dollars late each week between now and 405 00:19:11,600 --> 00:19:14,439 Speaker 4: August next year. We will have money in there to 406 00:19:14,440 --> 00:19:15,240 Speaker 4: pay for the wedding. 407 00:19:15,359 --> 00:19:17,920 Speaker 2: Yeah, and tell me, because like I know that everybody's 408 00:19:17,920 --> 00:19:20,320 Speaker 2: wedding budget is different, right, and like someone will be 409 00:19:20,320 --> 00:19:23,040 Speaker 2: like thirty thousand, I would never and then to be honest, 410 00:19:23,160 --> 00:19:26,000 Speaker 2: like thirty thousand for the wedding I wanted absolutely not enough. 411 00:19:26,000 --> 00:19:29,040 Speaker 2: I'm so sorry, And that's okay. What style of wedding 412 00:19:29,040 --> 00:19:31,840 Speaker 2: are we going for? Like, you know, you've obviously already 413 00:19:31,880 --> 00:19:33,920 Speaker 2: done the budget and kind of worked out on average 414 00:19:33,960 --> 00:19:35,720 Speaker 2: we need this, and I'm sure you're probably going to 415 00:19:35,760 --> 00:19:38,239 Speaker 2: work out a buffer and whatnot as well, But like, 416 00:19:38,440 --> 00:19:40,120 Speaker 2: what kind of wedding are we having? Are we having 417 00:19:40,320 --> 00:19:41,679 Speaker 2: five million people turn up? 418 00:19:41,840 --> 00:19:45,159 Speaker 4: No, definitely not. We're thinking about sixty people. We actually 419 00:19:45,160 --> 00:19:49,679 Speaker 4: have our engagement party next weekend, so exciting. Yeah, so 420 00:19:49,920 --> 00:19:52,400 Speaker 4: the people who were coming to our engagement party, we're 421 00:19:52,480 --> 00:19:55,760 Speaker 4: hoping we'll still be the people that will attend our wedding. 422 00:19:56,080 --> 00:19:58,800 Speaker 4: So we're thinking about sixty people would be ideal for 423 00:19:58,840 --> 00:19:59,280 Speaker 4: our wedding. 424 00:19:59,400 --> 00:20:01,840 Speaker 2: Yeah, and what so you want a traditional wedding, does 425 00:20:01,880 --> 00:20:05,120 Speaker 2: that involve a church or like what kind of semantics 426 00:20:05,160 --> 00:20:06,000 Speaker 2: does that involve? 427 00:20:06,240 --> 00:20:09,000 Speaker 4: Yeah, so we're not going to have a church our wedding. 428 00:20:09,359 --> 00:20:11,560 Speaker 4: We've actually booked a venue which is on top of 429 00:20:11,600 --> 00:20:14,560 Speaker 4: the mountains, so we'll have like a mountain style wedding 430 00:20:14,880 --> 00:20:19,040 Speaker 4: with a reception hall on the same property, so I 431 00:20:19,080 --> 00:20:22,520 Speaker 4: think it's a private property, so it's at DIY type wedding. 432 00:20:22,560 --> 00:20:24,840 Speaker 4: So we bring all of our vendors to the venue, 433 00:20:24,840 --> 00:20:26,000 Speaker 4: which would be really exciting. 434 00:20:26,080 --> 00:20:28,880 Speaker 2: Adore. That's what we did for our wedding. I mean, 435 00:20:28,960 --> 00:20:31,439 Speaker 2: not the same style, but like making sure that the 436 00:20:31,680 --> 00:20:33,960 Speaker 2: ceremony was at the same place as the reception meant 437 00:20:34,000 --> 00:20:36,280 Speaker 2: our guests didn't have to travel. But then also because 438 00:20:36,280 --> 00:20:38,760 Speaker 2: we've just booked the reception, they didn't charge us to 439 00:20:38,800 --> 00:20:41,080 Speaker 2: get married at the venue, so like that was a 440 00:20:41,080 --> 00:20:41,840 Speaker 2: bit of a money win. 441 00:20:42,040 --> 00:20:46,000 Speaker 4: Absolutely, And this private venue they have like a huge 442 00:20:46,040 --> 00:20:48,320 Speaker 4: house that sleeps like twelve people, so we can have 443 00:20:48,440 --> 00:20:51,480 Speaker 4: all of our family and like closest to us stay, 444 00:20:52,040 --> 00:20:54,280 Speaker 4: which is really important to us because we're very close 445 00:20:54,280 --> 00:20:56,000 Speaker 4: to our family and friends. So we wanted to have 446 00:20:56,040 --> 00:20:58,720 Speaker 4: a wedding where everyone could be involved and be a 447 00:20:58,760 --> 00:21:01,080 Speaker 4: part of. Yeah, our special moment. 448 00:21:01,720 --> 00:21:03,959 Speaker 2: That's so special. I'm so glad. I asked, all right, 449 00:21:04,000 --> 00:21:05,760 Speaker 2: let's go to a really quick break because we'll dive 450 00:21:05,800 --> 00:21:07,280 Speaker 2: back into more of the money stuff. I want to 451 00:21:07,320 --> 00:21:10,560 Speaker 2: talk about your investing strategy, more about debt and then 452 00:21:10,600 --> 00:21:12,640 Speaker 2: your best and worst money habits. So guys, if don't 453 00:21:12,680 --> 00:21:18,920 Speaker 2: go anywhere, all right, money dirist, We are back and 454 00:21:18,960 --> 00:21:21,240 Speaker 2: I want to talk investing. When it comes to property, 455 00:21:21,280 --> 00:21:23,640 Speaker 2: you're really good at that. You bought your first property 456 00:21:23,680 --> 00:21:25,840 Speaker 2: in twenty nineteen for two hundred and fifty thousand dollars, 457 00:21:26,040 --> 00:21:27,720 Speaker 2: and last year when you got a bank val it 458 00:21:27,760 --> 00:21:30,800 Speaker 2: was worth six hundred and fifty. Like I would love 459 00:21:30,800 --> 00:21:32,800 Speaker 2: all your tips and tricks, I just feel like that's 460 00:21:32,840 --> 00:21:36,240 Speaker 2: a really good flipping deal. Are you investing in any 461 00:21:36,280 --> 00:21:37,440 Speaker 2: other way, shape or form. 462 00:21:37,520 --> 00:21:40,600 Speaker 4: I'm currently not investing in any other way at the moment. 463 00:21:41,200 --> 00:21:43,960 Speaker 4: I've been listening to your podcast, and I've been interested 464 00:21:43,960 --> 00:21:48,280 Speaker 4: in shares, and I'm also thinking about potentially investing in 465 00:21:48,320 --> 00:21:51,840 Speaker 4: a pharmacy. So they're all things that I'm thinking about 466 00:21:51,960 --> 00:21:54,320 Speaker 4: because we've got the equity in both property. If now 467 00:21:54,359 --> 00:21:57,200 Speaker 4: I'm going do we buy another property? Do I put 468 00:21:57,200 --> 00:21:59,880 Speaker 4: money in shares? Do I buy a business. I'm kind 469 00:21:59,880 --> 00:22:02,800 Speaker 4: of in a stage where I'm unsure which way is 470 00:22:02,840 --> 00:22:05,560 Speaker 4: the best to go, but I'm definitely interested in having 471 00:22:05,840 --> 00:22:08,560 Speaker 4: a potential furred investment. 472 00:22:08,160 --> 00:22:11,879 Speaker 2: That is so exciting. Can I be real pervy to 473 00:22:12,040 --> 00:22:15,280 Speaker 2: own a pharmacy. You are a pharmacist, so that makes 474 00:22:15,280 --> 00:22:19,320 Speaker 2: sense natural extension. How does that work? Like do you 475 00:22:19,720 --> 00:22:22,199 Speaker 2: have to find the location? Do you go call up 476 00:22:22,240 --> 00:22:24,640 Speaker 2: Amcow and say, hey, I'd like a location? Like how 477 00:22:24,640 --> 00:22:26,960 Speaker 2: does buying a pharmacy work. 478 00:22:27,280 --> 00:22:30,000 Speaker 4: I'm still in the very early days of like deciding 479 00:22:30,119 --> 00:22:34,000 Speaker 4: so as fire them aware there are your big franchises 480 00:22:34,080 --> 00:22:38,200 Speaker 4: that will offer some type of funding when you purchase 481 00:22:38,200 --> 00:22:42,160 Speaker 4: a pharmacy with them, but there are lots of legal restrictions, 482 00:22:42,200 --> 00:22:45,200 Speaker 4: particularly in Queensland. You can only have like I think 483 00:22:45,200 --> 00:22:48,879 Speaker 4: it's a maximum of six pharmacies, and you have to 484 00:22:49,040 --> 00:22:51,879 Speaker 4: be a certain distance apart as well, you can't be 485 00:22:52,200 --> 00:22:55,879 Speaker 4: side by side with another pharmacy retailer, so there's like 486 00:22:56,000 --> 00:22:59,680 Speaker 4: certain laws around that that it has to navigate. And 487 00:23:00,119 --> 00:23:03,560 Speaker 4: no one in my family own a kind of retail business, 488 00:23:04,200 --> 00:23:07,000 Speaker 4: so it's all very new to me. I don't know 489 00:23:07,080 --> 00:23:11,440 Speaker 4: much about it, but I'm definitely interested in having conversations 490 00:23:11,480 --> 00:23:14,040 Speaker 4: about business. I feel like that might be the next 491 00:23:14,080 --> 00:23:14,800 Speaker 4: set for us. 492 00:23:15,000 --> 00:23:17,560 Speaker 2: That would be a very I'm given you're so young 493 00:23:17,640 --> 00:23:20,440 Speaker 2: that I mean, business is obviously risky, like any type 494 00:23:20,480 --> 00:23:23,840 Speaker 2: of investment, but given you have the background and maybe 495 00:23:23,880 --> 00:23:26,200 Speaker 2: you find a location that works really well for you, 496 00:23:26,440 --> 00:23:29,760 Speaker 2: Like that feels like kind of an essential service business. 497 00:23:29,960 --> 00:23:31,639 Speaker 2: Like that feels like a bit of a no brainer 498 00:23:31,640 --> 00:23:33,760 Speaker 2: in a way. If you've got the funds and access 499 00:23:33,800 --> 00:23:35,840 Speaker 2: to be able to do something like that, that's cool. 500 00:23:36,080 --> 00:23:37,880 Speaker 4: Yeah. I feel like I'm the kind of person who 501 00:23:37,880 --> 00:23:40,920 Speaker 4: if I put my mind to something and I keep pushing, 502 00:23:41,080 --> 00:23:43,320 Speaker 4: like I can get there. I just need to believe 503 00:23:43,359 --> 00:23:46,040 Speaker 4: in myself. And I know that I'm twenty five, so 504 00:23:46,119 --> 00:23:48,520 Speaker 4: I've got some years in me where I can really 505 00:23:48,600 --> 00:23:52,280 Speaker 4: invest and put a lot of hard work into potentially 506 00:23:52,359 --> 00:23:55,000 Speaker 4: owning a pharmacy and building that business up. 507 00:23:55,080 --> 00:23:57,160 Speaker 2: I can already say that you do the hard work girlfriend, 508 00:23:57,359 --> 00:24:00,119 Speaker 2: like I can already see this working for your personality. 509 00:24:00,680 --> 00:24:03,600 Speaker 2: That's crazy cool. I love it. So tell me about debt. 510 00:24:03,640 --> 00:24:06,160 Speaker 2: I want to dive back into this property conversation. So 511 00:24:06,200 --> 00:24:08,840 Speaker 2: you have your first investment property. You purchased it for 512 00:24:08,880 --> 00:24:13,320 Speaker 2: two hundred and fifty K. What's owing on that mortgage currently? 513 00:24:13,600 --> 00:24:16,120 Speaker 4: Yeah? So, like I said, we had you, I drew 514 00:24:16,480 --> 00:24:19,240 Speaker 4: the equity out of that property to purchase the next property. 515 00:24:19,680 --> 00:24:22,520 Speaker 4: Did we currently owe three hundred and twenty thousand on 516 00:24:22,600 --> 00:24:23,200 Speaker 4: that property? 517 00:24:23,320 --> 00:24:25,480 Speaker 2: Yeah? Cool? That makes a lot of sense. It's still 518 00:24:25,480 --> 00:24:28,400 Speaker 2: worth six fifty, so that's a good deal. And now 519 00:24:28,480 --> 00:24:31,120 Speaker 2: tell me about your second property. I believe you said 520 00:24:31,119 --> 00:24:33,920 Speaker 2: you purchased it for seven hundred and forty five thousand dollars. 521 00:24:34,160 --> 00:24:35,919 Speaker 2: What's the mortgage look like on that. 522 00:24:36,119 --> 00:24:39,919 Speaker 4: We currently owe five hundred and twenty thousand, So a 523 00:24:39,960 --> 00:24:43,160 Speaker 4: year ago when we bought it we owed five sixty 524 00:24:43,640 --> 00:24:46,120 Speaker 4: but with then paying money off every week as well 525 00:24:46,160 --> 00:24:50,160 Speaker 4: as making the minimum payments. So yeah, we've paid forty 526 00:24:50,160 --> 00:24:52,600 Speaker 4: thousand dollars off in the last year, which is really nice. 527 00:24:52,640 --> 00:24:55,679 Speaker 2: Look at you, guys, go and is property something that 528 00:24:55,720 --> 00:24:57,960 Speaker 2: you're going to continue to invest in and you're looking 529 00:24:57,960 --> 00:24:59,920 Speaker 2: at it going, oh, once we get a bit more equity, 530 00:25:00,080 --> 00:25:02,760 Speaker 2: like with another property, or is this where that business 531 00:25:02,800 --> 00:25:06,360 Speaker 2: conversation kind of comes in, because obviously you could potentially 532 00:25:06,440 --> 00:25:09,200 Speaker 2: use some of that equity to purchase a pharmacy exactly. 533 00:25:09,359 --> 00:25:11,840 Speaker 4: So at the moment, we're not too sure. I do 534 00:25:12,000 --> 00:25:14,520 Speaker 4: love buying property, and I think it's a good investment, 535 00:25:14,560 --> 00:25:17,760 Speaker 4: and obviously we've already got one, so I kind of 536 00:25:17,800 --> 00:25:20,199 Speaker 4: know what to do and what it's about now. But 537 00:25:21,160 --> 00:25:23,959 Speaker 4: the only thing is the property market has increased so 538 00:25:24,119 --> 00:25:28,400 Speaker 4: much since the first investment. I don't know that if 539 00:25:28,400 --> 00:25:31,119 Speaker 4: I purchase again it will have as good of a 540 00:25:31,200 --> 00:25:34,560 Speaker 4: luck as the first fund did. So we're just kind 541 00:25:34,600 --> 00:25:37,160 Speaker 4: of pussing us at the moment. I'm in that bitter 542 00:25:37,200 --> 00:25:40,080 Speaker 4: space where we're like, we just keep paying extra money 543 00:25:40,080 --> 00:25:43,880 Speaker 4: off our mortgage. Bring that down. Hopefully the equity will 544 00:25:43,920 --> 00:25:46,720 Speaker 4: increase and then we can look at maybe a business 545 00:25:46,760 --> 00:25:50,520 Speaker 4: instead of and another investment. At the moment, no, I 546 00:25:50,600 --> 00:25:52,439 Speaker 4: love that, and that's why I was asking. But at 547 00:25:52,520 --> 00:25:54,199 Speaker 4: least you know what you've got your head screwed on. 548 00:25:54,240 --> 00:25:56,080 Speaker 4: You're like, I don't know if it'll worked the same 549 00:25:56,080 --> 00:25:59,720 Speaker 4: way it did in twenty nineteen. It's worth some investigating, though. 550 00:26:00,600 --> 00:26:03,600 Speaker 4: Tell me, are there any other outstanding debts that you have? 551 00:26:03,880 --> 00:26:05,120 Speaker 4: I only have a hex step. 552 00:26:05,240 --> 00:26:07,959 Speaker 2: That is cool. How much does a pharmacy degree cost? 553 00:26:08,400 --> 00:26:11,199 Speaker 4: Yeah, not chief. It was about forty five thousand dollars, 554 00:26:11,520 --> 00:26:14,359 Speaker 4: So I currently have a thirty seven thousand dollars hex stet. 555 00:26:14,440 --> 00:26:16,920 Speaker 2: Hey, that's not too bad, especially with your income. That's 556 00:26:16,960 --> 00:26:19,800 Speaker 2: just going to tick away over time. And obviously your 557 00:26:19,840 --> 00:26:23,200 Speaker 2: income over time will increase as well, which is very nice. 558 00:26:23,280 --> 00:26:25,919 Speaker 2: And it could completely go off the Richter scale. If 559 00:26:25,920 --> 00:26:29,480 Speaker 2: you start becoming a business owner and that changes how fun. 560 00:26:29,840 --> 00:26:33,919 Speaker 2: Absolutely absolutely so tell me, now, do you have a 561 00:26:33,960 --> 00:26:35,800 Speaker 2: really good money habit? I feel like you've had really 562 00:26:35,840 --> 00:26:38,159 Speaker 2: good money habits this entire time. I'm not going to lie. 563 00:26:38,200 --> 00:26:40,720 Speaker 2: I'm looking at this being like, mate, if I was 564 00:26:40,960 --> 00:26:43,600 Speaker 2: nineteen and you were my friend, I would have been 565 00:26:43,720 --> 00:26:46,680 Speaker 2: so envious. Tell me, what do you think is your 566 00:26:46,760 --> 00:26:47,720 Speaker 2: best money habit. 567 00:26:47,920 --> 00:26:52,680 Speaker 4: My best money habit would probably be my ability to budget. 568 00:26:53,760 --> 00:26:56,520 Speaker 4: I think that putting that money away every week is 569 00:26:56,560 --> 00:26:59,320 Speaker 4: definitely something that I'm good at, and I'm good at 570 00:26:59,320 --> 00:27:03,040 Speaker 4: holding myself accountable and making sure that I do it consistently. 571 00:27:03,720 --> 00:27:06,280 Speaker 4: So I definitely say that is my best money habit. 572 00:27:06,400 --> 00:27:07,720 Speaker 2: What's your worst though. 573 00:27:07,720 --> 00:27:11,280 Speaker 4: I'd say probably spending money on clothes. I do love 574 00:27:11,280 --> 00:27:15,960 Speaker 4: a good shopping hall, especially when my favorite retailers send 575 00:27:16,000 --> 00:27:18,119 Speaker 4: me a text message and say that having a flash 576 00:27:18,160 --> 00:27:20,199 Speaker 4: sale and I'm like, oh my gosh, you guys know 577 00:27:20,240 --> 00:27:23,399 Speaker 4: how to get me. So I'll probably say that's my 578 00:27:23,520 --> 00:27:28,080 Speaker 4: worst money habit where I'd buy clothes online clothes is 579 00:27:28,119 --> 00:27:31,919 Speaker 4: my worst. I'll buy clothes and I'll do like a 580 00:27:31,960 --> 00:27:34,080 Speaker 4: hall of clothes maybe once a while. 581 00:27:34,080 --> 00:27:35,680 Speaker 2: Well, you can FaceTime me. I would love to see 582 00:27:35,680 --> 00:27:37,919 Speaker 2: your halls. Like, don't get me wrong, I feel like 583 00:27:37,960 --> 00:27:41,840 Speaker 2: you're still probably is that blowing the budget? Like is 584 00:27:41,920 --> 00:27:43,840 Speaker 2: that blowing it out? Or are you just like, no, 585 00:27:43,960 --> 00:27:45,639 Speaker 2: it's not, but I really shouldn't be. 586 00:27:46,200 --> 00:27:48,560 Speaker 4: Yeah, it's not blowing the budget. But there are from 587 00:27:48,560 --> 00:27:52,640 Speaker 4: weeks where I would do a clothing buy and I'd 588 00:27:52,680 --> 00:27:55,640 Speaker 4: really cut myself fine for the week. You know, where 589 00:27:55,640 --> 00:27:58,359 Speaker 4: you leave yourself with that last five ten dollars and 590 00:27:58,359 --> 00:27:59,919 Speaker 4: you go, You're gonna have to make this look this 591 00:28:00,040 --> 00:28:01,440 Speaker 4: that you're the one that did the order. 592 00:28:01,720 --> 00:28:04,160 Speaker 2: Yeah, you did this to you, You did this to you. 593 00:28:04,200 --> 00:28:05,919 Speaker 4: Literally, I'm like, now I got a little bit of. 594 00:28:05,880 --> 00:28:09,160 Speaker 2: It, so I can absolutely resonate with that. In fact, 595 00:28:09,440 --> 00:28:12,120 Speaker 2: I like still have my emergency funds and stuff. Sometimes 596 00:28:12,119 --> 00:28:17,520 Speaker 2: I'm like, oh, there's not many fun money left. Let's 597 00:28:17,680 --> 00:28:21,200 Speaker 2: just see how this week pans out. Tell me, now, 598 00:28:21,280 --> 00:28:23,000 Speaker 2: at the very start, you said, I reckon I'm a 599 00:28:23,000 --> 00:28:26,200 Speaker 2: B minus or a bee. What do you think given 600 00:28:26,320 --> 00:28:29,720 Speaker 2: everything you've told me, what do you think I think 601 00:28:30,119 --> 00:28:32,879 Speaker 2: A firstly? And then what do you think it would 602 00:28:32,880 --> 00:28:34,840 Speaker 2: take for you to get to being an A or 603 00:28:34,840 --> 00:28:35,840 Speaker 2: an A plus? 604 00:28:36,119 --> 00:28:41,160 Speaker 4: You're probably thinking maybe I'm more of a minus B 605 00:28:41,320 --> 00:28:42,320 Speaker 4: plus kind of girl. 606 00:28:42,600 --> 00:28:46,560 Speaker 2: I would say much better than that. Yes, okay, well 607 00:28:46,560 --> 00:28:48,720 Speaker 2: thank you, that's very night. But like, look what you've done, 608 00:28:48,800 --> 00:28:51,920 Speaker 2: You're still a child. Thank you. 609 00:28:53,240 --> 00:28:58,320 Speaker 4: I would probably say maybe maybe like a B plus, 610 00:28:58,880 --> 00:29:00,040 Speaker 4: maybe a B plus. 611 00:28:59,760 --> 00:29:01,880 Speaker 2: But what would it take to get to a plus? 612 00:29:02,160 --> 00:29:06,200 Speaker 4: I think more knowledge. I think I need to learn 613 00:29:06,240 --> 00:29:09,880 Speaker 4: more about different perhaps of investment, which is I think 614 00:29:10,000 --> 00:29:12,640 Speaker 4: if I can learn more about where I can put 615 00:29:12,640 --> 00:29:14,400 Speaker 4: my money, I can make better choices. 616 00:29:14,560 --> 00:29:16,360 Speaker 2: I can help you with that. We can be best 617 00:29:16,520 --> 00:29:17,560 Speaker 2: is when it comes to money. 618 00:29:17,640 --> 00:29:20,120 Speaker 4: That's why I love your podcast. I'm a religious listener, 619 00:29:20,400 --> 00:29:22,920 Speaker 4: and I've been going back and listening to old episodes 620 00:29:22,960 --> 00:29:25,160 Speaker 4: as well, because I saw that you have your playlist 621 00:29:25,200 --> 00:29:28,080 Speaker 4: with like how I listened to the Property Playbook, and 622 00:29:28,080 --> 00:29:30,720 Speaker 4: then I listen to like how to save for Christmas 623 00:29:30,760 --> 00:29:32,720 Speaker 4: and how to save for travel now that we've got 624 00:29:32,720 --> 00:29:36,040 Speaker 4: travel coming, so I can make better choices. 625 00:29:36,320 --> 00:29:39,120 Speaker 2: Yeah, Love, I'm so excited for you, girlfriend. I'm so 626 00:29:39,200 --> 00:29:41,600 Speaker 2: excited that you're in my community. You're twenty five, you 627 00:29:41,640 --> 00:29:45,080 Speaker 2: are absolutely smashing it. You are going to retire, so happy, 628 00:29:45,200 --> 00:29:49,480 Speaker 2: so healthy, so just everything Like I find this so inspirational, 629 00:29:50,000 --> 00:29:52,600 Speaker 2: like so many people might be like geez, Louise, I'm 630 00:29:52,640 --> 00:29:54,720 Speaker 2: twenty five, and that's just not possible for me. And 631 00:29:54,760 --> 00:29:57,920 Speaker 2: the reality is it is like you just have to 632 00:29:57,960 --> 00:30:00,760 Speaker 2: pull your finger out and do some work. Start small, 633 00:30:01,000 --> 00:30:03,680 Speaker 2: and we're not talking about buying our first home for 634 00:30:03,720 --> 00:30:06,440 Speaker 2: a million dollars like you purchase first for two hundred 635 00:30:06,480 --> 00:30:09,040 Speaker 2: and fifty thousand. And don't get me wrong, I don't 636 00:30:09,080 --> 00:30:11,200 Speaker 2: know a lot of properties nowadays that are two hundred 637 00:30:11,240 --> 00:30:14,920 Speaker 2: and fifty thousand. But it's not like opportunities like that 638 00:30:15,000 --> 00:30:19,280 Speaker 2: don't exist, but they are only going to become opportunities 639 00:30:19,280 --> 00:30:21,960 Speaker 2: you could engage in if you have the savings and 640 00:30:22,000 --> 00:30:24,400 Speaker 2: you have the discipline and you've been working towards it. 641 00:30:24,440 --> 00:30:27,200 Speaker 2: I think that getting off track these days is so 642 00:30:27,240 --> 00:30:29,840 Speaker 2: easy because you just go I'm disheartened, I can't be bothered. 643 00:30:29,840 --> 00:30:32,800 Speaker 2: Why would I even start saving? But like from little things, 644 00:30:32,800 --> 00:30:35,680 Speaker 2: big things grow money direst you are a perfect example 645 00:30:35,800 --> 00:30:36,120 Speaker 2: of that. 646 00:30:36,320 --> 00:30:37,960 Speaker 4: Like how good. 647 00:30:37,760 --> 00:30:39,560 Speaker 2: I'm just I'm so excited I get to share this 648 00:30:39,640 --> 00:30:42,280 Speaker 2: with my community. Thank you, thank you so much. 649 00:30:42,640 --> 00:30:46,440 Speaker 4: And I have friends who are in situations where they're 650 00:30:46,440 --> 00:30:50,400 Speaker 4: saving for houses and they're struggling because the housing market 651 00:30:50,440 --> 00:30:54,240 Speaker 4: is so bulletowed and women and prices are so expensive 652 00:30:54,240 --> 00:30:57,160 Speaker 4: compared to what they were. So I definitely recognize that 653 00:30:57,400 --> 00:30:59,680 Speaker 4: I got very lucky at the time that I purchase 654 00:31:00,480 --> 00:31:04,840 Speaker 4: the townhouse. But I do hope that people can listen 655 00:31:04,880 --> 00:31:08,320 Speaker 4: to this and potentially feel inspired that you can do 656 00:31:08,400 --> 00:31:11,280 Speaker 4: it on your own. Like I was just nineteen and that, 657 00:31:11,440 --> 00:31:14,600 Speaker 4: like I, all I did was consistently saved, and I 658 00:31:14,720 --> 00:31:16,400 Speaker 4: just had to keep putting that money away. And at 659 00:31:16,440 --> 00:31:18,520 Speaker 4: the time that was maybe one hundred dollars or two 660 00:31:18,600 --> 00:31:20,920 Speaker 4: hundred dollars a week, but like you said, it grew 661 00:31:20,960 --> 00:31:23,480 Speaker 4: into thirty thousand dollars, which was a lot for me 662 00:31:23,720 --> 00:31:25,920 Speaker 4: at the time, and I was like, oh my gosh, 663 00:31:26,040 --> 00:31:28,200 Speaker 4: I need to put this money into something so that 664 00:31:28,280 --> 00:31:31,600 Speaker 4: I can actually see my money is going somewhere. And 665 00:31:31,680 --> 00:31:34,600 Speaker 4: then yeah, from little things, big things grow. And I 666 00:31:34,640 --> 00:31:38,720 Speaker 4: just hope that maybe someone out there who thinks it's 667 00:31:38,800 --> 00:31:42,160 Speaker 4: too hard can listen and be like, actually, all I 668 00:31:42,200 --> 00:31:44,000 Speaker 4: need to do is just start somewhere. 669 00:31:44,160 --> 00:31:46,000 Speaker 2: Just start one hundred percent. You have to start with 670 00:31:46,040 --> 00:31:49,320 Speaker 2: the foundations, because yes, property might become a part of 671 00:31:49,320 --> 00:31:51,840 Speaker 2: the strategy, or the share market might be or there 672 00:31:51,880 --> 00:31:55,040 Speaker 2: might be other opportunities, but if you don't create the base, 673 00:31:55,080 --> 00:31:57,120 Speaker 2: and you don't have the foundations, and you don't have 674 00:31:57,160 --> 00:32:00,000 Speaker 2: savings and you don't have an emergency fund, the opportunity 675 00:32:00,080 --> 00:32:02,840 Speaker 2: aren't coming because even if they come, you can't seize them, 676 00:32:02,880 --> 00:32:05,920 Speaker 2: you can't do them. So it's just it's something that 677 00:32:06,000 --> 00:32:08,920 Speaker 2: I'm obviously wildly passionate about and have been talking about 678 00:32:08,960 --> 00:32:12,680 Speaker 2: it since twenty nineteen actually, so we're right on par together. 679 00:32:13,160 --> 00:32:15,360 Speaker 2: But I'm just so excited that stories like this are 680 00:32:15,400 --> 00:32:17,320 Speaker 2: coming out of my community, and you're so happy to 681 00:32:17,360 --> 00:32:20,000 Speaker 2: share so that other people can learn. You're an icon. 682 00:32:20,120 --> 00:32:23,680 Speaker 4: Thank you, Thank you, And I recognize that my parents 683 00:32:24,240 --> 00:32:27,280 Speaker 4: taught me very similarly to how you speak with the community, 684 00:32:27,360 --> 00:32:29,280 Speaker 4: and that's why I was like, I really would love 685 00:32:29,320 --> 00:32:31,720 Speaker 4: the opportunity to come on here, because I feel like 686 00:32:32,400 --> 00:32:35,160 Speaker 4: more people need to hear about the way the budget 687 00:32:35,160 --> 00:32:37,360 Speaker 4: and the way to save. And I was very lucky 688 00:32:37,400 --> 00:32:39,520 Speaker 4: with the upbringing that I had, but I recognize it 689 00:32:39,520 --> 00:32:40,800 Speaker 4: and that a lot of people had that. 690 00:32:41,000 --> 00:32:43,440 Speaker 2: No they didn't, but they can create it resources like 691 00:32:43,480 --> 00:32:45,400 Speaker 2: Shees on the Money, and there are a million different 692 00:32:45,440 --> 00:32:48,400 Speaker 2: other pieces of content out there. You could engage in. Yes, 693 00:32:48,560 --> 00:32:52,200 Speaker 2: if you had parents, you were more privileged one hundred percent. 694 00:32:52,440 --> 00:32:56,080 Speaker 2: But a lot of privileged people do not make the 695 00:32:56,120 --> 00:32:58,360 Speaker 2: most of the situations that they were in, are in 696 00:32:58,720 --> 00:33:01,840 Speaker 2: far worse positions than you would expect of them, just 697 00:33:01,880 --> 00:33:04,120 Speaker 2: because we don't know what we don't know, and we 698 00:33:04,200 --> 00:33:06,760 Speaker 2: maybe don't seize opportunities in the ways that we could. 699 00:33:07,040 --> 00:33:09,400 Speaker 2: And I think that, whilst yes, it is so beautiful 700 00:33:09,440 --> 00:33:11,560 Speaker 2: that you're like, yeah, I want to acknowledge my privilege here. 701 00:33:11,960 --> 00:33:14,680 Speaker 2: I love that, I really really do, I also want 702 00:33:14,720 --> 00:33:17,480 Speaker 2: to acknowledge that it wasn't just privilege that got you there. 703 00:33:17,520 --> 00:33:19,280 Speaker 2: It was hard work and you had to do that 704 00:33:19,600 --> 00:33:21,480 Speaker 2: because you could have just been like, it's pretty easy 705 00:33:21,520 --> 00:33:22,960 Speaker 2: living at home. Hey, I'm going to spend all my 706 00:33:23,000 --> 00:33:24,719 Speaker 2: money on clothes and shoes and makeup and I want 707 00:33:24,760 --> 00:33:28,120 Speaker 2: a new cup. Those are easy decisions to make. But 708 00:33:28,480 --> 00:33:30,440 Speaker 2: a lot of what has happened in your life is 709 00:33:30,480 --> 00:33:33,040 Speaker 2: not due to luck, My love, it is. Yes, we 710 00:33:33,200 --> 00:33:36,360 Speaker 2: started ahead of the race, that's fantastic, but you still 711 00:33:36,360 --> 00:33:37,160 Speaker 2: had to do the race. 712 00:33:37,480 --> 00:33:39,080 Speaker 4: Yeah that's true, that's true. 713 00:33:39,360 --> 00:33:41,840 Speaker 2: Well I'll let you go, but thank you so much. 714 00:33:41,960 --> 00:33:43,479 Speaker 2: This has been an absolute pleasure. 715 00:33:43,720 --> 00:33:46,000 Speaker 4: Thank you so much for having me. I really appreciate it. 716 00:33:52,360 --> 00:33:54,920 Speaker 5: The advice shared on She's on the Money is general 717 00:33:54,960 --> 00:33:58,800 Speaker 5: in nature and does not consider your individual circumstances. She's 718 00:33:58,840 --> 00:34:01,960 Speaker 5: on the Money it exists purely for educational purposes and 719 00:34:02,000 --> 00:34:04,440 Speaker 5: should not be relied upon to make an investment or 720 00:34:04,520 --> 00:34:05,520 Speaker 5: financial decision. 721 00:34:05,920 --> 00:34:08,160 Speaker 2: If you do choose to buy a financial. 722 00:34:07,720 --> 00:34:11,720 Speaker 5: Product, read the PDS TMD and obtain appropriate financial. 723 00:34:11,280 --> 00:34:13,080 Speaker 2: Advice tailored towards your needs. 724 00:34:13,440 --> 00:34:17,400 Speaker 5: Victoria Divine and Sheese on the Money are authorized representatives 725 00:34:17,440 --> 00:34:21,160 Speaker 5: of Money Sherper Pty Ltd a BN three two one 726 00:34:21,239 --> 00:34:24,919 Speaker 5: IS six four nine two seven seven zero eight AFSL 727 00:34:25,080 --> 00:34:31,080 Speaker 5: four five one two eight nine