1 00:00:00,600 --> 00:00:04,840 Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud or 2 00:00:04,880 --> 00:00:08,600 Speaker 1: the Order Kerni Whaltbury and a waddery woman. And before 3 00:00:08,600 --> 00:00:11,080 Speaker 1: we get started on She's on the Money podcast, I 4 00:00:11,119 --> 00:00:14,240 Speaker 1: would like to acknowledge the traditional custodians of the land 5 00:00:14,360 --> 00:00:17,599 Speaker 1: of which this podcast is recorded on a wondery country, 6 00:00:18,079 --> 00:00:22,200 Speaker 1: acknowledging the elders, the ancestors and the next generation coming 7 00:00:22,239 --> 00:00:26,880 Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing 8 00:00:27,000 --> 00:00:30,040 Speaker 1: and the storytelling of you to make a difference for 9 00:00:30,160 --> 00:00:33,040 Speaker 1: today and lasting impact for tomorrow. 10 00:00:33,240 --> 00:00:34,120 Speaker 2: Let's get into it. 11 00:00:34,280 --> 00:00:38,280 Speaker 3: She's on the Money. She's on the Money. 12 00:00:57,080 --> 00:01:00,200 Speaker 2: Hello, and welcome to She's on the Money, the podcasts 13 00:01:00,240 --> 00:01:02,800 Speaker 2: that lets you get pervy on other people's money stories 14 00:01:02,920 --> 00:01:06,800 Speaker 2: for educational purposes of course, Welcome back to another one 15 00:01:06,840 --> 00:01:09,160 Speaker 2: of our money diaries where we get to talk with 16 00:01:09,200 --> 00:01:11,920 Speaker 2: one of our incredible She's on the Money community members 17 00:01:12,080 --> 00:01:14,840 Speaker 2: all about their journey. Let's jump straight into it. We 18 00:01:14,959 --> 00:01:18,600 Speaker 2: got a message this week and it went like this, Dear, 19 00:01:18,680 --> 00:01:21,840 Speaker 2: She's on the Money. After a few brutal breakups and 20 00:01:21,880 --> 00:01:25,160 Speaker 2: falling victim to a scam, I've had to start over 21 00:01:25,280 --> 00:01:30,119 Speaker 2: from zero, not once, not twice, but three times. It's 22 00:01:30,160 --> 00:01:33,479 Speaker 2: been a roller coaster of setbacks and grit, But through 23 00:01:33,520 --> 00:01:36,680 Speaker 2: it all, I've never lost my determination to make it 24 00:01:36,800 --> 00:01:40,160 Speaker 2: work as a single mum to my amazing seven year 25 00:01:40,200 --> 00:01:44,280 Speaker 2: old son. I've done whatever it takes, working multiple jobs, 26 00:01:44,480 --> 00:01:46,959 Speaker 2: driving Uber Eats, and even moving back in with my 27 00:01:47,080 --> 00:01:49,680 Speaker 2: mum to share a room with my boy, all to 28 00:01:49,760 --> 00:01:53,320 Speaker 2: rebuild my savings. And now I'm proud to say I've 29 00:01:53,440 --> 00:01:56,800 Speaker 2: just bought my first property using the two percent scheme. 30 00:01:57,200 --> 00:02:00,320 Speaker 2: I'm also completing my real estate license and diving head 31 00:02:00,360 --> 00:02:03,760 Speaker 2: first into my passion for property investing. My dream is 32 00:02:03,800 --> 00:02:07,200 Speaker 2: to build a buyer's agency that helps others find stability 33 00:02:07,320 --> 00:02:10,960 Speaker 2: and security, the kind of foundation I fought so hard 34 00:02:11,000 --> 00:02:14,320 Speaker 2: to create for myself and my son. Money dorist, What 35 00:02:14,400 --> 00:02:17,280 Speaker 2: the heck? Three times and you're buying your own property? 36 00:02:17,440 --> 00:02:17,680 Speaker 3: Yes? 37 00:02:18,680 --> 00:02:21,400 Speaker 2: Are you insanely proud of yourself? Because, like, I'm really 38 00:02:21,480 --> 00:02:22,000 Speaker 2: proud of you. 39 00:02:23,440 --> 00:02:24,959 Speaker 3: It's probably something I would say. 40 00:02:24,960 --> 00:02:28,640 Speaker 4: That's when my weakness is giving myself some credit, Like 41 00:02:28,720 --> 00:02:33,160 Speaker 4: I just constantly push and don't. Yeah, Like I have 42 00:02:33,240 --> 00:02:35,040 Speaker 4: friends say it to me that like, oh my goodness, 43 00:02:35,080 --> 00:02:37,440 Speaker 4: I'm really proud of you, And then I think I 44 00:02:37,520 --> 00:02:39,120 Speaker 4: need to sort of pat myself. 45 00:02:38,760 --> 00:02:39,240 Speaker 3: On the back. 46 00:02:39,480 --> 00:02:43,160 Speaker 2: Yes, you do, like it's cool for me to be proud. Great, 47 00:02:43,200 --> 00:02:45,720 Speaker 2: but I actually didn't do any of the stuff like 48 00:02:45,919 --> 00:02:48,120 Speaker 2: you did all of that, and you're the one that 49 00:02:48,200 --> 00:02:51,680 Speaker 2: has to be proud of that. So definitely need to 50 00:02:52,120 --> 00:02:55,080 Speaker 2: Let's start the diary as we always do, money dress. 51 00:02:55,160 --> 00:02:56,560 Speaker 2: I want to know what great would you give your 52 00:02:56,560 --> 00:02:58,120 Speaker 2: money habits if I asked you to give them a 53 00:02:58,160 --> 00:02:59,400 Speaker 2: grade from A three to. 54 00:02:59,480 --> 00:03:03,760 Speaker 3: F, say currently like a B to a C. 55 00:03:04,320 --> 00:03:06,840 Speaker 2: Okay, all right, I'm not going to argue with you yet, 56 00:03:06,919 --> 00:03:09,280 Speaker 2: but we'll get there. I want to know a bit 57 00:03:09,280 --> 00:03:11,680 Speaker 2: more about your money story. Can we dive head first? 58 00:03:11,840 --> 00:03:15,000 Speaker 3: Okay? Amazing? So where would I start? 59 00:03:15,040 --> 00:03:18,519 Speaker 4: So when I was about my first relationship I had, 60 00:03:19,280 --> 00:03:23,360 Speaker 4: I was about twenty one, and my partner left me 61 00:03:23,880 --> 00:03:27,000 Speaker 4: with like a nice beautiful loan, and I went to 62 00:03:27,040 --> 00:03:28,200 Speaker 4: the mines and I. 63 00:03:28,160 --> 00:03:30,160 Speaker 3: Paid it all off as about my twenty five. 64 00:03:30,040 --> 00:03:32,440 Speaker 2: Grand, oh my god, And I paid. 65 00:03:32,160 --> 00:03:36,520 Speaker 4: It all off, walked away with about twenty It was 66 00:03:36,520 --> 00:03:38,720 Speaker 4: about twenty five grand when I was about twenty two 67 00:03:38,720 --> 00:03:40,640 Speaker 4: to twenty three, paid it all off and then had 68 00:03:40,640 --> 00:03:41,720 Speaker 4: that in savings. 69 00:03:42,120 --> 00:03:43,080 Speaker 3: Then I got with my. 70 00:03:43,160 --> 00:03:48,240 Speaker 4: Son's father, and I had that money still and then 71 00:03:48,280 --> 00:03:52,440 Speaker 4: we separated and I walked away, I think with about 72 00:03:52,480 --> 00:03:53,000 Speaker 4: two grand. 73 00:03:53,480 --> 00:03:54,960 Speaker 2: Why did he get so much of it? 74 00:03:55,200 --> 00:03:59,040 Speaker 3: Well, he wasn't very good with money. I was the money. 75 00:03:59,160 --> 00:04:01,400 Speaker 4: Like in the relationship, there's usually one that's better than 76 00:04:01,440 --> 00:04:04,400 Speaker 4: the other, and I was the one that was. Yeah, 77 00:04:04,480 --> 00:04:07,840 Speaker 4: I've always ended up being better alone financially for some reason. 78 00:04:08,040 --> 00:04:11,960 Speaker 4: And then I saved up over two three years, sacrificed 79 00:04:12,000 --> 00:04:17,200 Speaker 4: a lot work weekends, like hustled hard, politely said, and 80 00:04:17,320 --> 00:04:20,320 Speaker 4: saved and invested about thirty eight grand. 81 00:04:20,120 --> 00:04:22,840 Speaker 2: Into Oh my god, yeah yeah. 82 00:04:22,440 --> 00:04:26,719 Speaker 4: So like live paid rent everything. Oh it was during COVID. 83 00:04:26,760 --> 00:04:30,920 Speaker 4: I actually invested in shares with comsex and then I 84 00:04:30,960 --> 00:04:35,200 Speaker 4: also bought into bitcoin and then I had like term 85 00:04:35,240 --> 00:04:38,680 Speaker 4: investment with some of my savings. And then I put 86 00:04:38,720 --> 00:04:42,799 Speaker 4: an offer on a property and it fell through. And 87 00:04:42,839 --> 00:04:47,640 Speaker 4: then I saw a Facebook link about investing in day trading, 88 00:04:47,640 --> 00:04:49,360 Speaker 4: and I was like, oh, I understand a bit of 89 00:04:49,400 --> 00:04:52,320 Speaker 4: day trading, not a problem. And then I invested a 90 00:04:52,320 --> 00:04:54,840 Speaker 4: little bit of money and then saw a bit of 91 00:04:54,839 --> 00:04:56,880 Speaker 4: a return and I was like fantastic. Then I invested 92 00:04:56,880 --> 00:04:59,159 Speaker 4: a little bit more money, so a return that like 93 00:04:59,160 --> 00:05:00,760 Speaker 4: if you put more money, and I was like, okay, 94 00:05:01,120 --> 00:05:03,479 Speaker 4: well the property marketer might just wait another few months. 95 00:05:03,480 --> 00:05:04,720 Speaker 3: I'll just put my money into it. 96 00:05:04,839 --> 00:05:08,240 Speaker 4: Oh no, little did I know it was offshore and 97 00:05:08,360 --> 00:05:09,520 Speaker 4: the whole platform. 98 00:05:09,120 --> 00:05:11,760 Speaker 2: Was fake, and they like lulled you into a false 99 00:05:11,760 --> 00:05:14,719 Speaker 2: sense of security by giving you some small returns when 100 00:05:14,720 --> 00:05:16,640 Speaker 2: you were doing small things. Then when you did a 101 00:05:16,640 --> 00:05:18,800 Speaker 2: big amount, they were like catcher gotcha. 102 00:05:19,240 --> 00:05:24,120 Speaker 4: Literally like no, the whole thing was fake. Lost thirty 103 00:05:24,120 --> 00:05:29,400 Speaker 4: eight grand. No, like yeah, so the best thing, what 104 00:05:29,480 --> 00:05:30,000 Speaker 4: do you say? 105 00:05:30,000 --> 00:05:30,480 Speaker 3: The best thing? 106 00:05:30,520 --> 00:05:34,000 Speaker 4: But like got a tax exemption for that with ATO 107 00:05:34,240 --> 00:05:37,560 Speaker 4: as a loss, and then had to start all over again. 108 00:05:37,480 --> 00:05:38,719 Speaker 3: With my son. 109 00:05:38,760 --> 00:05:40,800 Speaker 4: I think it was about it was just about to 110 00:05:40,800 --> 00:05:47,840 Speaker 4: start school, so third time round. Then sacrificed again and 111 00:05:47,960 --> 00:05:51,560 Speaker 4: got into my current property now on the two percent scheme, 112 00:05:51,640 --> 00:05:53,640 Speaker 4: and moved in with my mom for six months to 113 00:05:53,720 --> 00:05:54,760 Speaker 4: save smart. 114 00:05:54,800 --> 00:05:57,000 Speaker 2: I feel like that's such a good support to have 115 00:05:57,080 --> 00:05:59,719 Speaker 2: in the background. Tell me about the two percent scheme 116 00:05:59,760 --> 00:06:02,200 Speaker 2: because so I feel like we've heard about it in 117 00:06:02,279 --> 00:06:05,000 Speaker 2: passing on the podcast, but we haven't ever spoken with 118 00:06:05,040 --> 00:06:07,480 Speaker 2: somebody who's done it. So how did that work? How 119 00:06:07,480 --> 00:06:09,800 Speaker 2: did you get involved in the two percent scheme and like, 120 00:06:10,240 --> 00:06:11,919 Speaker 2: why did you go? This is for me? 121 00:06:12,240 --> 00:06:14,800 Speaker 3: So I'm currently based on the Gold Coast and the 122 00:06:14,839 --> 00:06:15,839 Speaker 3: market is wild. 123 00:06:16,080 --> 00:06:19,120 Speaker 2: It is so like the price. 124 00:06:18,960 --> 00:06:21,520 Speaker 4: Difference of renting and owning. To be honest here is 125 00:06:21,560 --> 00:06:24,159 Speaker 4: not much different as in price depends obviously what you're 126 00:06:24,320 --> 00:06:26,760 Speaker 4: living in. So I went down the two percent scheme 127 00:06:26,800 --> 00:06:29,360 Speaker 4: because I was like looking at the market and going 128 00:06:29,480 --> 00:06:31,560 Speaker 4: the longer I'm out of it, the harder it's going 129 00:06:31,600 --> 00:06:34,320 Speaker 4: to be for me to get in, And what is 130 00:06:34,360 --> 00:06:37,640 Speaker 4: the quickest way that I can get in? So I 131 00:06:37,680 --> 00:06:41,800 Speaker 4: went to a broker and they went over my salary. 132 00:06:41,920 --> 00:06:44,520 Speaker 4: They went over just like putting through an application, but 133 00:06:44,560 --> 00:06:47,080 Speaker 4: a lot of lenders can be it narrows down your 134 00:06:47,160 --> 00:06:49,880 Speaker 4: lenders as a single parent and looking at like your 135 00:06:49,880 --> 00:06:52,560 Speaker 4: tax a tax b as a source of income as well. 136 00:06:53,040 --> 00:06:57,280 Speaker 4: But yeah, submit an application and then yeah, got to 137 00:06:57,400 --> 00:07:00,160 Speaker 4: prove for it and had about three months to find something, 138 00:07:00,560 --> 00:07:04,600 Speaker 4: and in a market that's also not much stock and price, 139 00:07:05,120 --> 00:07:08,719 Speaker 4: managed to get in which a bit more perseperence found something. 140 00:07:08,920 --> 00:07:12,280 Speaker 2: So I love that. That's actually so exciting. And now 141 00:07:12,320 --> 00:07:14,840 Speaker 2: you want to start your own buyers agency? Tell me 142 00:07:14,880 --> 00:07:15,240 Speaker 2: about that. 143 00:07:15,400 --> 00:07:17,760 Speaker 3: Yeah, So I've just completed my real estate license. 144 00:07:18,200 --> 00:07:21,880 Speaker 4: I am an active renovator, so I renovate also while 145 00:07:22,040 --> 00:07:26,240 Speaker 4: owning living in renovations can be a juggle at the 146 00:07:26,280 --> 00:07:28,920 Speaker 4: same time, but I love it and at the end 147 00:07:28,920 --> 00:07:30,800 Speaker 4: of the day, I look at it as everyone needs 148 00:07:30,800 --> 00:07:31,440 Speaker 4: somewhere to live. 149 00:07:32,160 --> 00:07:35,120 Speaker 3: To me, it's an essential. You can't compensate a roof 150 00:07:35,120 --> 00:07:36,080 Speaker 3: over your head for anything. 151 00:07:36,280 --> 00:07:39,280 Speaker 2: So yeah, no, I agree. I agree. So talk me 152 00:07:39,360 --> 00:07:41,600 Speaker 2: through what you do now for work and how much 153 00:07:41,680 --> 00:07:43,360 Speaker 2: money you earn, because I feel like you've had a 154 00:07:43,360 --> 00:07:46,240 Speaker 2: colorful history of like literally doing everything that you could 155 00:07:46,240 --> 00:07:49,040 Speaker 2: possibly do. What do you do now? What do you earn? 156 00:07:49,200 --> 00:07:52,560 Speaker 4: So I'm a marketing manager for two businesses in construction, 157 00:07:53,280 --> 00:07:56,520 Speaker 4: and I earn sixty five grand a year and I 158 00:07:56,560 --> 00:08:02,840 Speaker 4: work part time and then I so like occasionally help. 159 00:08:02,760 --> 00:08:04,480 Speaker 3: Like my brother or whatnot if he has a little 160 00:08:04,520 --> 00:08:05,840 Speaker 3: bit of tiling and whatnot. 161 00:08:06,120 --> 00:08:10,120 Speaker 4: But that's pretty much my primary income for the two 162 00:08:10,160 --> 00:08:11,239 Speaker 4: businesses in marketing. 163 00:08:11,440 --> 00:08:15,200 Speaker 2: And is that sixty five thousand dollars then pro rata 164 00:08:15,240 --> 00:08:17,320 Speaker 2: because you're part time or is that what you earn 165 00:08:17,960 --> 00:08:19,640 Speaker 2: after like doing just part time? 166 00:08:19,760 --> 00:08:22,800 Speaker 3: That's what I would earn just after part time? Yeah? 167 00:08:22,800 --> 00:08:26,720 Speaker 2: Cool, cool, that's pretty good. Yeah, yeah, that's not bad. 168 00:08:26,800 --> 00:08:29,040 Speaker 2: And so like what does part time look like for you? 169 00:08:29,120 --> 00:08:31,840 Speaker 2: You're doing like a couple of days, four days, Like, 170 00:08:31,880 --> 00:08:34,079 Speaker 2: what does it look like in terms of work life balance? 171 00:08:34,080 --> 00:08:35,840 Speaker 2: Because you're a single mum, there's lots going on. 172 00:08:36,000 --> 00:08:37,280 Speaker 3: There is a lot going on. 173 00:08:37,480 --> 00:08:40,720 Speaker 4: I would say I work five days a week and 174 00:08:40,760 --> 00:08:43,360 Speaker 4: then when my son's with his data work longer days, 175 00:08:43,880 --> 00:08:44,839 Speaker 4: which is fantastic. 176 00:08:45,000 --> 00:08:46,040 Speaker 3: So it works out. 177 00:08:46,080 --> 00:08:48,000 Speaker 2: Well, So what do you mean you work five days 178 00:08:48,000 --> 00:08:49,920 Speaker 2: by your part time? I feel like I'm a little 179 00:08:49,920 --> 00:08:51,959 Speaker 2: bit confused. Are you doing like half days? 180 00:08:52,200 --> 00:08:53,160 Speaker 3: Yeah? So it works. 181 00:08:53,280 --> 00:08:55,200 Speaker 2: Okay, that makes more sense. I was like, what what 182 00:08:55,240 --> 00:08:57,080 Speaker 2: do you mean five days part time? 183 00:08:57,200 --> 00:08:57,920 Speaker 3: Yeah? 184 00:08:58,000 --> 00:09:00,440 Speaker 4: So when when my son's with this data, work like 185 00:09:00,480 --> 00:09:03,959 Speaker 4: eight till four and then when I have him, I'll 186 00:09:04,000 --> 00:09:05,280 Speaker 4: work nine till two thirty. 187 00:09:05,400 --> 00:09:08,840 Speaker 2: Okay cool, Hey that's a good flexible workplace. Did you 188 00:09:08,880 --> 00:09:11,360 Speaker 2: have to negotiate that or like how did that come 189 00:09:11,360 --> 00:09:13,160 Speaker 2: to be? Because like that's the dream. 190 00:09:13,480 --> 00:09:17,720 Speaker 4: It's I think like being a parent. It's like it 191 00:09:17,800 --> 00:09:18,440 Speaker 4: is a marathon. 192 00:09:18,480 --> 00:09:18,880 Speaker 3: It's not a. 193 00:09:18,920 --> 00:09:23,079 Speaker 4: Race, and you've got to look at like your core values. 194 00:09:23,120 --> 00:09:26,720 Speaker 4: I think to sustain somewhat of a balance, and one 195 00:09:26,760 --> 00:09:28,960 Speaker 4: of my big core values is being there for my son. 196 00:09:29,240 --> 00:09:31,440 Speaker 4: Because I only have one, I'm not going to redo it, 197 00:09:31,559 --> 00:09:34,360 Speaker 4: and I get really sad if I can't be there 198 00:09:34,400 --> 00:09:36,880 Speaker 4: for him. So that was one of my things I 199 00:09:36,920 --> 00:09:39,560 Speaker 4: went in looking for employment. I was like, aligning with 200 00:09:39,559 --> 00:09:41,679 Speaker 4: my core values and I was like, I love construction, 201 00:09:41,800 --> 00:09:45,600 Speaker 4: I love building and being there for him. In flexible 202 00:09:45,600 --> 00:09:48,040 Speaker 4: work arrangement, it was like a non negotiable, rather take 203 00:09:48,040 --> 00:09:49,360 Speaker 4: a pay cut than. 204 00:09:49,280 --> 00:09:49,760 Speaker 3: Not have that. 205 00:09:49,960 --> 00:09:52,360 Speaker 2: Yeah, that's really cool, and I like that you are 206 00:09:52,400 --> 00:09:54,800 Speaker 2: talking about going and finding a job that really aligns 207 00:09:54,800 --> 00:09:56,679 Speaker 2: with your values. Like I know that a lot of 208 00:09:56,679 --> 00:09:59,120 Speaker 2: people will be like, well, I just need any job, 209 00:09:59,160 --> 00:10:02,520 Speaker 2: and that's really valid too, But being able to find 210 00:10:02,640 --> 00:10:05,079 Speaker 2: one that aligns with that means that you're going to 211 00:10:05,120 --> 00:10:07,280 Speaker 2: get the work life balance that you want. I feel 212 00:10:07,320 --> 00:10:09,720 Speaker 2: like so often we're like, yeah, just not putting that 213 00:10:09,760 --> 00:10:12,960 Speaker 2: cap on first. Talk to me about money goals. You've 214 00:10:13,040 --> 00:10:16,200 Speaker 2: just purchased, which is so exciting, But what are your 215 00:10:16,240 --> 00:10:18,720 Speaker 2: big money goals now? What are you currently working towards? 216 00:10:18,920 --> 00:10:22,319 Speaker 4: So my big money goal is my ultimate goal would 217 00:10:22,320 --> 00:10:24,679 Speaker 4: be so I'm thirty five, by the time I'm forty, 218 00:10:24,720 --> 00:10:25,960 Speaker 4: I don't want to have a mortgage. 219 00:10:26,000 --> 00:10:28,600 Speaker 2: Oh five years? What are you doing? That's crazy. 220 00:10:29,600 --> 00:10:32,640 Speaker 4: So there has been a unit in my block that 221 00:10:32,720 --> 00:10:35,760 Speaker 4: has just sold for two hundred gram more than Oh 222 00:10:35,760 --> 00:10:37,600 Speaker 4: it's on the market currently for two hundred grad more 223 00:10:37,600 --> 00:10:38,600 Speaker 4: than what I paid for mine. 224 00:10:39,480 --> 00:10:41,360 Speaker 3: So next step. 225 00:10:41,280 --> 00:10:45,320 Speaker 4: I'm looking out possibly getting another property or what the 226 00:10:45,640 --> 00:10:49,520 Speaker 4: step forward will be to using that moving forward? 227 00:10:49,880 --> 00:10:51,040 Speaker 2: Yeah, yeah, either. 228 00:10:50,880 --> 00:10:53,760 Speaker 4: Renting this out and then getting something, So that's sort 229 00:10:53,760 --> 00:10:56,280 Speaker 4: of where I'm at would be my next stepping stone. 230 00:10:56,440 --> 00:10:58,600 Speaker 2: That's really fun. And how are you planning on working 231 00:10:58,679 --> 00:11:00,240 Speaker 2: that out? Are you going to do it yourself to 232 00:11:00,280 --> 00:11:02,880 Speaker 2: get some advice? Like is it just like some maths 233 00:11:02,920 --> 00:11:05,520 Speaker 2: in the background, Like what's a process? Because I feel 234 00:11:05,520 --> 00:11:06,720 Speaker 2: like that could be overwhelming. 235 00:11:06,840 --> 00:11:10,160 Speaker 4: It is overwhelming, because yeah, I think it's definitely getting 236 00:11:10,200 --> 00:11:12,920 Speaker 4: advice talking to people that I want to be in 237 00:11:12,960 --> 00:11:16,080 Speaker 4: their position as well, because I ultimately would like to 238 00:11:16,120 --> 00:11:18,720 Speaker 4: probably buy and flip another couple more properties, but I 239 00:11:18,720 --> 00:11:22,320 Speaker 4: don't think many lenders like that, so that would probably 240 00:11:22,400 --> 00:11:23,839 Speaker 4: be the route that I'd be looking at, would be 241 00:11:23,880 --> 00:11:26,920 Speaker 4: speaking to the right people and seeing what can be done. 242 00:11:27,080 --> 00:11:30,880 Speaker 2: Yeah, totally. You mentioned before that you're renovating and oh 243 00:11:30,920 --> 00:11:34,480 Speaker 2: my gosh, I hate renovating like it is the worst 244 00:11:34,480 --> 00:11:36,320 Speaker 2: thing ever, but you're like, no, I'm living through it. 245 00:11:36,320 --> 00:11:40,160 Speaker 2: It's so fun Like it's obviously different horses for different courses, 246 00:11:40,200 --> 00:11:43,160 Speaker 2: Like I remember the journey like being real rocky, but 247 00:11:43,360 --> 00:11:47,320 Speaker 2: because I'm a finance girlie, like I had spreadsheets through 248 00:11:47,360 --> 00:11:49,440 Speaker 2: the kazoo right, like I was making sure that I 249 00:11:49,520 --> 00:11:52,560 Speaker 2: wasn't over capitalizing on my property and like that everything 250 00:11:52,640 --> 00:11:56,120 Speaker 2: made sense. How did you approach renovating, Like did you 251 00:11:56,160 --> 00:11:58,640 Speaker 2: purchase a place knowing, all right, well the bathrooms are 252 00:11:58,640 --> 00:11:59,840 Speaker 2: a bit how you go when I'm going to have 253 00:11:59,840 --> 00:12:02,520 Speaker 2: to blows out? Or like what was the thought pattern 254 00:12:02,720 --> 00:12:05,200 Speaker 2: and how did you work out what to renovate first 255 00:12:05,240 --> 00:12:07,680 Speaker 2: and live through it? Tell me more about this journey 256 00:12:07,679 --> 00:12:09,079 Speaker 2: because I'm so pervy. 257 00:12:08,800 --> 00:12:09,800 Speaker 3: So it's pretty funny. 258 00:12:09,920 --> 00:12:13,120 Speaker 4: So when I bought my place, like the main wall 259 00:12:13,320 --> 00:12:16,880 Speaker 4: was fluorescent orange, like almost the orange of your background 260 00:12:17,040 --> 00:12:20,000 Speaker 4: that you have, stunning. I was just like the contrast 261 00:12:20,040 --> 00:12:22,480 Speaker 4: with like a baby blue wall. It was insane. My 262 00:12:22,640 --> 00:12:25,200 Speaker 4: place needed to be like fully ripped out. 263 00:12:25,360 --> 00:12:26,720 Speaker 3: Yeah, okay, got it, Like. 264 00:12:26,880 --> 00:12:30,880 Speaker 4: Had the navy blue carpet, the kitchen cabinet tree was 265 00:12:30,920 --> 00:12:36,040 Speaker 4: falling apart, the sink was like leaking. So coming in, 266 00:12:36,920 --> 00:12:38,920 Speaker 4: I think it was like a little bit like rainbows 267 00:12:38,960 --> 00:12:41,520 Speaker 4: when I first bought, and then the reality of buying 268 00:12:41,559 --> 00:12:43,920 Speaker 4: it and living in it, I was like, I can't 269 00:12:44,000 --> 00:12:47,160 Speaker 4: actually use my sink, like I'm using the laundry sink. 270 00:12:48,760 --> 00:12:51,040 Speaker 2: And it's funny how quickly you just get used to 271 00:12:51,080 --> 00:12:54,040 Speaker 2: doing something that then you realize, oh, hold on, I 272 00:12:54,160 --> 00:12:55,640 Speaker 2: probably should fix this. 273 00:12:56,480 --> 00:12:58,160 Speaker 4: It's so true because even in my head, I was like, 274 00:12:58,160 --> 00:12:59,720 Speaker 4: if I get a plumber to come out to fix 275 00:12:59,720 --> 00:13:02,960 Speaker 4: my place, I'm ripping out my sink anyway, So like 276 00:13:03,480 --> 00:13:05,959 Speaker 4: that's money that I don't need to spend, so then 277 00:13:06,000 --> 00:13:08,520 Speaker 4: I just may do for a long time if that 278 00:13:08,600 --> 00:13:11,520 Speaker 4: made sense. And then it was quite funny because even 279 00:13:11,559 --> 00:13:13,880 Speaker 4: like one day I was used to going into the 280 00:13:13,960 --> 00:13:16,480 Speaker 4: laundry to use my sink, and then when my friends 281 00:13:16,559 --> 00:13:18,200 Speaker 4: was over and they're like what are you doing? 282 00:13:18,240 --> 00:13:20,040 Speaker 3: And I was like going to fill out my kettle. 283 00:13:20,160 --> 00:13:22,599 Speaker 3: I'm like right next to the brand new sink, and 284 00:13:22,720 --> 00:13:24,880 Speaker 3: they're like, what are you doing? 285 00:13:24,920 --> 00:13:26,400 Speaker 4: I was like going to fill out my kettle like 286 00:13:26,720 --> 00:13:29,720 Speaker 4: it was normal, like the pattern of it. But yeah, 287 00:13:29,760 --> 00:13:31,439 Speaker 4: like going in, I was like, okay, well I did 288 00:13:31,480 --> 00:13:35,440 Speaker 4: see the potential with it. It's solid bones in the sense 289 00:13:35,440 --> 00:13:38,319 Speaker 4: it's all brick. It's close to everything. So even if 290 00:13:38,360 --> 00:13:40,640 Speaker 4: I was to rent it out, the rent would cover 291 00:13:40,720 --> 00:13:43,520 Speaker 4: more than my mortgage, so like it'd be running at 292 00:13:43,520 --> 00:13:45,720 Speaker 4: a slight loss if I was to rent it out, 293 00:13:45,760 --> 00:13:49,079 Speaker 4: which is not a bad position to be in for. 294 00:13:49,120 --> 00:13:50,959 Speaker 3: Like a first year, if that makes sense. 295 00:13:51,480 --> 00:13:53,840 Speaker 4: So looking at that as a long term investment, I'm like, 296 00:13:54,160 --> 00:13:57,080 Speaker 4: and there's potential for development as there's like a commercial 297 00:13:57,600 --> 00:13:59,560 Speaker 4: block at the end of my street on the market 298 00:13:59,600 --> 00:14:03,040 Speaker 4: flight million, so I think it gives options, if that 299 00:14:03,080 --> 00:14:03,600 Speaker 4: makes sense. 300 00:14:04,000 --> 00:14:06,520 Speaker 2: Yeah, yeah, yeah, that's cool. I like that. I love 301 00:14:06,600 --> 00:14:09,120 Speaker 2: asking people perfect questions, like so what's this mean? How 302 00:14:09,120 --> 00:14:11,400 Speaker 2: does that work? Like this is my favorite job ever, 303 00:14:11,800 --> 00:14:14,160 Speaker 2: like getting to ask you like, so what does that mean? 304 00:14:14,200 --> 00:14:17,000 Speaker 2: Why did you do that? Oh? So good? I actually 305 00:14:17,040 --> 00:14:19,000 Speaker 2: have heaps more questions. Let's go to a really quick 306 00:14:19,040 --> 00:14:20,960 Speaker 2: break and on the flip side, I'm going to ask 307 00:14:21,040 --> 00:14:27,240 Speaker 2: even more so don't go anywhere, all right, money, dirist, 308 00:14:27,320 --> 00:14:30,280 Speaker 2: We are back and you have just purchased your first 309 00:14:30,280 --> 00:14:33,360 Speaker 2: home using the two percent deposit scheme, which is a 310 00:14:33,480 --> 00:14:37,920 Speaker 2: very cool scheme accessible to single parents here in Australia. 311 00:14:38,000 --> 00:14:41,240 Speaker 2: What I want to know. Have you ever invested, do 312 00:14:41,360 --> 00:14:44,200 Speaker 2: you currently invest what does that journey look like for you? 313 00:14:44,440 --> 00:14:48,040 Speaker 4: I have invested, Yes, I used to use Perla a lot. 314 00:14:48,280 --> 00:14:51,080 Speaker 4: I use the Perlast starter at the moment for my son, 315 00:14:51,240 --> 00:14:54,240 Speaker 4: it's like the kid's investment Mone, which is really cool 316 00:14:54,280 --> 00:14:58,560 Speaker 4: when he gets really excited over it. But currently moving forward, 317 00:14:58,640 --> 00:15:02,280 Speaker 4: majority of my money been going towards my renovations. But 318 00:15:02,480 --> 00:15:06,080 Speaker 4: in saying that, I definitely will invest once that chapters 319 00:15:06,120 --> 00:15:08,160 Speaker 4: sort of come closer to the end. 320 00:15:08,440 --> 00:15:10,800 Speaker 2: Yeah, totally. And I remember at the start of the 321 00:15:10,840 --> 00:15:13,640 Speaker 2: episode you said that you'd saved up thirty eight thousand 322 00:15:13,640 --> 00:15:16,640 Speaker 2: dollars and you had actually invested that and then you 323 00:15:16,640 --> 00:15:18,600 Speaker 2: took it out to buy property and then you got 324 00:15:18,640 --> 00:15:22,640 Speaker 2: it all taking away from you in that scam originally, 325 00:15:23,120 --> 00:15:26,120 Speaker 2: how were you investing that? Like what did that journey 326 00:15:26,160 --> 00:15:28,840 Speaker 2: look like? Is that same you were on Pearler and 327 00:15:28,960 --> 00:15:31,520 Speaker 2: like you've just come and gone from that platform over time, 328 00:15:31,600 --> 00:15:32,720 Speaker 2: or like what did that look like? 329 00:15:32,960 --> 00:15:35,800 Speaker 4: So I used when I'm very first on investing. I 330 00:15:35,840 --> 00:15:37,400 Speaker 4: don't think peerl was around. 331 00:15:37,640 --> 00:15:38,480 Speaker 2: Now it's pretty new. 332 00:15:38,640 --> 00:15:40,880 Speaker 4: Hey, yeah it is, and it's great. I love the 333 00:15:40,960 --> 00:15:43,600 Speaker 4: use of side of it. It's fantastic, and I think 334 00:15:43,600 --> 00:15:46,440 Speaker 4: it simplifies investing like immensely. 335 00:15:46,720 --> 00:15:47,480 Speaker 3: Not sponsored or. 336 00:15:47,480 --> 00:15:48,960 Speaker 2: Anything, No, no, of course not. 337 00:15:49,280 --> 00:15:51,960 Speaker 4: But I did listen to like a lot of podcasts 338 00:15:52,440 --> 00:15:55,680 Speaker 4: and read about shares and whatnot, and then I sort 339 00:15:55,720 --> 00:15:58,720 Speaker 4: of just diversified my money had it been bitcoin, because 340 00:15:58,720 --> 00:16:01,760 Speaker 4: I was, and then I still had money, Like I guess, 341 00:16:01,760 --> 00:16:03,680 Speaker 4: when you invest it, there is a slight risk, and. 342 00:16:03,680 --> 00:16:04,680 Speaker 3: I wanted to minimize it. 343 00:16:04,720 --> 00:16:07,000 Speaker 4: So I sort of spread a couple of my investments 344 00:16:07,000 --> 00:16:08,920 Speaker 4: out and then had cash there in case. 345 00:16:09,120 --> 00:16:11,960 Speaker 2: Yeah cool. I like being pervy about what people are 346 00:16:12,040 --> 00:16:14,840 Speaker 2: investing in or what they're not investing in. I want 347 00:16:14,840 --> 00:16:17,160 Speaker 2: to know what is your debt looking like? So you've 348 00:16:17,160 --> 00:16:19,040 Speaker 2: got your first mortgage. I need to know what you 349 00:16:19,080 --> 00:16:22,080 Speaker 2: purchase your property for. What is your current loanert? What 350 00:16:22,120 --> 00:16:23,960 Speaker 2: do you think the value of the property is. We 351 00:16:24,000 --> 00:16:24,400 Speaker 2: need to know. 352 00:16:24,640 --> 00:16:30,080 Speaker 4: Okay, So I purchased my property at it was three fifty, 353 00:16:30,360 --> 00:16:33,520 Speaker 4: and I think on at like three I haven't paid 354 00:16:33,600 --> 00:16:34,080 Speaker 4: much down. 355 00:16:34,080 --> 00:16:37,160 Speaker 3: It would be like three twenty or three thirty three twenty. 356 00:16:37,720 --> 00:16:40,280 Speaker 2: That's pretty good when you say I haven't paid much down, 357 00:16:40,360 --> 00:16:42,840 Speaker 2: like it's new. I wouldn't have expected any of that 358 00:16:42,880 --> 00:16:43,920 Speaker 2: to have been gone yet. 359 00:16:43,960 --> 00:16:48,560 Speaker 4: Yeah. Yeah, so it's gone down slightly, which is fantastic. 360 00:16:48,760 --> 00:16:53,640 Speaker 4: And then interesting enough, I've had agents come through going 361 00:16:53,680 --> 00:16:55,920 Speaker 4: you could easily sell it at like five hundred. I 362 00:16:55,920 --> 00:17:00,640 Speaker 4: could put people through what Yeah, because I've consider possibly 363 00:17:00,640 --> 00:17:03,280 Speaker 4: going if I don't renovate the bathroom, like the bathrooms 364 00:17:03,280 --> 00:17:05,960 Speaker 4: are full ripout, and I'm like looking at the cost 365 00:17:06,000 --> 00:17:10,159 Speaker 4: of time, slight inconvenience because obviously I'm going to have 366 00:17:10,160 --> 00:17:12,000 Speaker 4: to rip a share out toilet everything. 367 00:17:12,119 --> 00:17:14,320 Speaker 2: So yeah, yeah, and that takes a while. 368 00:17:14,440 --> 00:17:17,080 Speaker 4: It's a consideration. But then if I was to pay 369 00:17:17,080 --> 00:17:19,520 Speaker 4: for it, I could probably go. 370 00:17:19,560 --> 00:17:22,159 Speaker 3: Like an extra forty grand. 371 00:17:22,280 --> 00:17:25,800 Speaker 2: Then how cool? That is so interesting as well. So 372 00:17:25,920 --> 00:17:29,240 Speaker 2: talk me through how you landed very recently a property 373 00:17:29,280 --> 00:17:31,960 Speaker 2: that's what law. You paid three point fifty, which money 374 00:17:32,000 --> 00:17:34,600 Speaker 2: win for a property that is now worth five hundred. 375 00:17:34,720 --> 00:17:36,520 Speaker 2: How did you stumble across that one? 376 00:17:36,600 --> 00:17:39,520 Speaker 4: Funny enough, I've done a bit of research, and I 377 00:17:39,560 --> 00:17:41,280 Speaker 4: have lived on the coast my whole life. 378 00:17:41,359 --> 00:17:43,199 Speaker 3: A lot of people have gone, oh, you live in 379 00:17:43,200 --> 00:17:43,720 Speaker 3: that area. 380 00:17:43,960 --> 00:17:47,440 Speaker 4: But then I've also looked at the rental yield of 381 00:17:47,480 --> 00:17:50,320 Speaker 4: what even if I bought it and didn't do much 382 00:17:50,840 --> 00:17:54,840 Speaker 4: to it, it would be close to positively get not 383 00:17:54,960 --> 00:17:57,200 Speaker 4: far off, So I was like, okay, long term, that'd 384 00:17:57,200 --> 00:18:01,280 Speaker 4: be fantastic. Regardless, my primary focus was just getting housing 385 00:18:01,280 --> 00:18:03,159 Speaker 4: stability and just getting into the market. 386 00:18:03,400 --> 00:18:05,680 Speaker 2: Yeah okay, and it was just lucky that it's now 387 00:18:05,720 --> 00:18:08,040 Speaker 2: worth a bit more. But you were originally So did 388 00:18:08,080 --> 00:18:09,879 Speaker 2: you find it on real estate dot Com or did 389 00:18:09,920 --> 00:18:10,960 Speaker 2: you have a buias agent? 390 00:18:11,160 --> 00:18:11,240 Speaker 4: Like? 391 00:18:11,400 --> 00:18:13,960 Speaker 2: What was the process? Because I feel like when you're 392 00:18:13,960 --> 00:18:16,640 Speaker 2: going through the two percent scheme, the second you get approved, 393 00:18:16,640 --> 00:18:19,840 Speaker 2: you basically have like three months to purchase a property, 394 00:18:19,960 --> 00:18:22,600 Speaker 2: like you get a timeframe and that could be really stressful. 395 00:18:22,640 --> 00:18:25,520 Speaker 2: So like when you got approved, obviously very exciting, but 396 00:18:25,560 --> 00:18:27,800 Speaker 2: then you have to find the property. How did you 397 00:18:27,880 --> 00:18:28,119 Speaker 2: do that? 398 00:18:28,359 --> 00:18:31,040 Speaker 4: So I pretty much went on real estate dot Com 399 00:18:31,280 --> 00:18:33,680 Speaker 4: and like there was a lot of pressure trying to 400 00:18:33,720 --> 00:18:35,480 Speaker 4: find something before it expired. 401 00:18:35,720 --> 00:18:38,200 Speaker 3: So I hounded a lot. 402 00:18:38,040 --> 00:18:42,280 Speaker 4: Of agents like weekly, I went on every single night, 403 00:18:42,640 --> 00:18:45,040 Speaker 4: and then I also contact them to be like, hey, 404 00:18:45,080 --> 00:18:46,200 Speaker 4: do you have anything coming up. 405 00:18:46,680 --> 00:18:48,240 Speaker 3: I also did a letterbox drop. 406 00:18:48,280 --> 00:18:50,320 Speaker 4: I went to one area and I did a little 407 00:18:50,359 --> 00:18:52,800 Speaker 4: slip and put it in and actually had a lady 408 00:18:52,840 --> 00:18:55,920 Speaker 4: did contact me ironically, which was great, but it was 409 00:18:55,960 --> 00:18:57,480 Speaker 4: a little bit out of my price range. She goes, 410 00:18:57,520 --> 00:19:00,000 Speaker 4: I do have someone potentially looking in a few months, 411 00:19:00,080 --> 00:19:01,919 Speaker 4: and I was like, well, I can't really be in 412 00:19:01,920 --> 00:19:02,560 Speaker 4: a gray zone. 413 00:19:02,560 --> 00:19:03,400 Speaker 3: I need like. 414 00:19:03,600 --> 00:19:04,960 Speaker 2: Yeah, I need stability now. 415 00:19:05,359 --> 00:19:05,560 Speaker 3: Yeah. 416 00:19:05,640 --> 00:19:10,240 Speaker 4: And then I actively also, which I reckon was probably 417 00:19:10,240 --> 00:19:12,760 Speaker 4: like one of the best tips was during Christmas, a 418 00:19:12,800 --> 00:19:15,159 Speaker 4: lot of people have their quiet period and they're not 419 00:19:15,240 --> 00:19:19,760 Speaker 4: actively pursuing property. And I actually looked at this property. 420 00:19:19,880 --> 00:19:22,120 Speaker 4: It was on the twenty eighth of December last year, 421 00:19:22,840 --> 00:19:25,720 Speaker 4: so I knew not a lot of people would be looking. 422 00:19:25,920 --> 00:19:29,000 Speaker 2: Oh my gosh, yeah, so many people would have hung 423 00:19:29,080 --> 00:19:30,879 Speaker 2: up their boots for that period of time. 424 00:19:31,080 --> 00:19:34,280 Speaker 4: It's almost like it reduced the competition of people viewing 425 00:19:34,280 --> 00:19:37,240 Speaker 4: because I went to one and there was like about 426 00:19:37,280 --> 00:19:39,800 Speaker 4: fifty to sixty people were in a queue to go 427 00:19:39,920 --> 00:19:43,840 Speaker 4: view this property. And so I was like, okay, well 428 00:19:43,840 --> 00:19:45,320 Speaker 4: what else can I do? And I was like, well, 429 00:19:45,320 --> 00:19:47,840 Speaker 4: I can go when people are on holidays and go 430 00:19:47,880 --> 00:19:51,320 Speaker 4: look at properties that was in the area, at what 431 00:19:51,400 --> 00:19:54,119 Speaker 4: they've sold at, and see what's a realistic number to 432 00:19:54,119 --> 00:19:56,320 Speaker 4: put forward. And I actually did put an offer on 433 00:19:56,359 --> 00:19:59,119 Speaker 4: this with site unseen, and then the agent said if 434 00:19:59,160 --> 00:20:01,480 Speaker 4: you came to the property and you're happy with it, 435 00:20:01,520 --> 00:20:03,680 Speaker 4: will propose it to the owner straight away. 436 00:20:03,760 --> 00:20:04,840 Speaker 3: You can be the first person. 437 00:20:05,000 --> 00:20:07,320 Speaker 2: Oh good. So it all worked out. 438 00:20:07,440 --> 00:20:09,480 Speaker 4: So it did work out, and I was really glad 439 00:20:09,520 --> 00:20:11,879 Speaker 4: because there was quite a few people coming through. There 440 00:20:11,960 --> 00:20:14,639 Speaker 4: was maybe like a handful, but I already put my 441 00:20:14,720 --> 00:20:17,240 Speaker 4: office through before these people, which was great, I think, 442 00:20:17,280 --> 00:20:19,680 Speaker 4: which also worked my advantage. It was a little bit risky, 443 00:20:19,720 --> 00:20:22,040 Speaker 4: but I was also like, what's the worst case scenario? 444 00:20:22,080 --> 00:20:24,720 Speaker 2: I don't get it. Yeah, oh my gosh, I love that. 445 00:20:24,840 --> 00:20:27,240 Speaker 2: All right, So talk to me about money habits, because 446 00:20:27,280 --> 00:20:30,239 Speaker 2: having had to start over three times, not once, not 447 00:20:30,280 --> 00:20:33,359 Speaker 2: to expect there are three times, you probably have some 448 00:20:33,480 --> 00:20:35,840 Speaker 2: good money habits to share. So I want to know 449 00:20:36,200 --> 00:20:38,480 Speaker 2: what do you think is your best money habit? 450 00:20:38,600 --> 00:20:42,000 Speaker 4: My best money habit, I would say, I think tracking, 451 00:20:42,160 --> 00:20:45,359 Speaker 4: like I do have a spreadsheet of my expenses, food 452 00:20:45,480 --> 00:20:46,440 Speaker 4: budget allocation. 453 00:20:47,440 --> 00:20:48,639 Speaker 3: And also. 454 00:20:50,440 --> 00:20:52,800 Speaker 4: I can have a tendency where I'm too strict at 455 00:20:52,840 --> 00:20:57,800 Speaker 4: times where I will sacrifice fun. So also having I 456 00:20:57,840 --> 00:21:00,679 Speaker 4: guess like somewhat of healthy balance to suspect daying to 457 00:21:00,920 --> 00:21:05,000 Speaker 4: have long term goals, like even planning something small like 458 00:21:05,280 --> 00:21:09,720 Speaker 4: financially to help you bill other cups of your life 459 00:21:09,760 --> 00:21:11,240 Speaker 4: in order to get to the big goals. 460 00:21:11,280 --> 00:21:12,200 Speaker 3: I think it's a big thing. 461 00:21:12,480 --> 00:21:15,000 Speaker 2: Yeah, and what does the flip side look like? Have 462 00:21:15,080 --> 00:21:18,240 Speaker 2: you got any bad money habits that you could share 463 00:21:18,280 --> 00:21:19,000 Speaker 2: with the fam? 464 00:21:19,080 --> 00:21:21,159 Speaker 3: At times, I could be too tight with money. 465 00:21:21,440 --> 00:21:22,320 Speaker 2: Yeah, that's hard. 466 00:21:22,800 --> 00:21:27,200 Speaker 4: Yeah, Like I feel bad at times spending money on myself. 467 00:21:27,600 --> 00:21:30,679 Speaker 4: So I think that's why I've sort of allocated some 468 00:21:30,840 --> 00:21:34,280 Speaker 4: money for myself, like small rewards or if you hit 469 00:21:34,359 --> 00:21:37,239 Speaker 4: like a little milestone, you're like, Okay, I can go 470 00:21:37,280 --> 00:21:39,359 Speaker 4: get a facial done. Oh, I can go out for 471 00:21:39,440 --> 00:21:42,119 Speaker 4: lunch or yeah, small rewards. 472 00:21:42,240 --> 00:21:44,560 Speaker 2: And I think that that's important because so many times 473 00:21:44,600 --> 00:21:47,359 Speaker 2: we don't look after ourselves and then everything kind of 474 00:21:47,440 --> 00:21:50,280 Speaker 2: goes down the drain, which is not positive at all. 475 00:21:50,880 --> 00:21:53,119 Speaker 2: Tell me a bit more before you know. I know 476 00:21:53,240 --> 00:21:55,640 Speaker 2: that I'm running out of time here, But when you 477 00:21:55,640 --> 00:21:57,920 Speaker 2: wrote in you said that you had to like restart 478 00:21:57,960 --> 00:22:01,000 Speaker 2: three times. And it's been a massive role coaster of setbacks, 479 00:22:01,000 --> 00:22:02,960 Speaker 2: and I'm sure that there are people listening going, oh 480 00:22:03,000 --> 00:22:05,720 Speaker 2: my god, that's so relatable. That has been me. I 481 00:22:05,720 --> 00:22:07,800 Speaker 2: feel like I am finally on top of it and 482 00:22:07,840 --> 00:22:10,560 Speaker 2: then it all just comes crashing down again. How have 483 00:22:10,640 --> 00:22:13,840 Speaker 2: you maintained your grit, Like, how have you, you know, 484 00:22:14,119 --> 00:22:16,800 Speaker 2: not lost your determination? Because do you know what a 485 00:22:16,840 --> 00:22:18,439 Speaker 2: lot of people would have They would have been like 486 00:22:18,680 --> 00:22:20,960 Speaker 2: maybe I'm just really bad at this and I quit. 487 00:22:21,119 --> 00:22:23,880 Speaker 2: Like I can see how so many people would bury 488 00:22:23,920 --> 00:22:26,600 Speaker 2: their heads in the sand, Like especially after two times 489 00:22:26,640 --> 00:22:29,200 Speaker 2: you're like no, no, thank you, but it happened three 490 00:22:29,240 --> 00:22:33,040 Speaker 2: Like how have you maintained this positive energy to just 491 00:22:33,200 --> 00:22:34,679 Speaker 2: be like no, I can get back up and do 492 00:22:34,720 --> 00:22:35,600 Speaker 2: it again. I'm all good? 493 00:22:35,840 --> 00:22:39,680 Speaker 4: Like what I think I'd look at things as lessons? 494 00:22:40,520 --> 00:22:43,000 Speaker 3: How can you learn from them and do different? But 495 00:22:43,680 --> 00:22:47,840 Speaker 3: life is short, so you picked your heart. 496 00:22:47,840 --> 00:22:51,920 Speaker 4: Like I see constantly single moms going, look, I'm trying 497 00:22:51,920 --> 00:22:52,280 Speaker 4: to find a. 498 00:22:52,280 --> 00:22:54,160 Speaker 3: Home, like Malise is running out. 499 00:22:54,400 --> 00:22:58,800 Speaker 4: I've had three units sell underneath us, so like I've 500 00:22:58,840 --> 00:23:01,800 Speaker 4: been there, and a part of me is just like 501 00:23:02,200 --> 00:23:06,439 Speaker 4: you're either hungry to fail, hungry to succeed, and no 502 00:23:06,480 --> 00:23:09,080 Speaker 4: one's going to rescue you, Like you can't hope that 503 00:23:09,160 --> 00:23:12,359 Speaker 4: someone's going to come along and fix everything because end 504 00:23:12,440 --> 00:23:15,000 Speaker 4: of the day, especially when you have children, like I 505 00:23:15,040 --> 00:23:16,960 Speaker 4: look at myself as a role model as well, not 506 00:23:17,080 --> 00:23:19,400 Speaker 4: just so I want to do the best I can 507 00:23:19,800 --> 00:23:21,840 Speaker 4: and my son see that and go, oh, mom did it? 508 00:23:22,280 --> 00:23:25,439 Speaker 4: Like it's pretty funny, like what he even thinks of, 509 00:23:25,520 --> 00:23:28,320 Speaker 4: like renovations and owning and him seeing me do that, 510 00:23:28,480 --> 00:23:32,120 Speaker 4: it's somewhat aspiring. I think he'll probably realize that as 511 00:23:32,119 --> 00:23:34,119 Speaker 4: he gets a bit older. But just no one's going 512 00:23:34,200 --> 00:23:37,520 Speaker 4: to come rescue you, Like you can sit there and 513 00:23:38,040 --> 00:23:41,200 Speaker 4: like it's pretty devastating losing a third time. 514 00:23:41,520 --> 00:23:43,760 Speaker 3: And we saw for sale signs. My son's like, Mom, 515 00:23:43,840 --> 00:23:46,040 Speaker 3: maybe we can buy that, And I was. 516 00:23:46,080 --> 00:23:50,360 Speaker 4: Like like holding back the tears because as a parent, 517 00:23:50,359 --> 00:23:52,880 Speaker 4: alls you want a stability, but you can't just hope 518 00:23:52,920 --> 00:23:56,159 Speaker 4: something's going to happen. Yeah, that's the best way of 519 00:23:56,200 --> 00:23:57,720 Speaker 4: looking at it. It's like pick your heart. 520 00:23:58,040 --> 00:24:00,640 Speaker 2: Pick your heart is kind of fun. Won't say fun, 521 00:24:00,680 --> 00:24:03,159 Speaker 2: it's just kind of like it's a smart way of 522 00:24:03,200 --> 00:24:05,439 Speaker 2: looking at it and just being so like nope, like 523 00:24:05,480 --> 00:24:07,400 Speaker 2: no one's going to come and save you. You actually 524 00:24:07,400 --> 00:24:09,600 Speaker 2: have to do it yourself and pull your finger out 525 00:24:09,640 --> 00:24:11,760 Speaker 2: and like you don't have an option. You actually have 526 00:24:11,800 --> 00:24:13,639 Speaker 2: to get back up and do it again. And I 527 00:24:13,640 --> 00:24:15,800 Speaker 2: guess that's what grit is, right, Like, grit is one 528 00:24:15,840 --> 00:24:18,359 Speaker 2: of my favorite concepts, and that's just the idea that 529 00:24:18,720 --> 00:24:20,560 Speaker 2: you don't have to be the smartest, you don't have 530 00:24:20,640 --> 00:24:22,480 Speaker 2: to be the richest, you don't have to be the best, 531 00:24:22,560 --> 00:24:23,920 Speaker 2: but you have to be the one that just got 532 00:24:24,000 --> 00:24:27,880 Speaker 2: up again and again, and that is what makes somebody successful. 533 00:24:28,040 --> 00:24:30,560 Speaker 2: And I just think that's so true because you see 534 00:24:30,560 --> 00:24:32,879 Speaker 2: it in our community time and time again, people like 535 00:24:32,960 --> 00:24:36,520 Speaker 2: you who are like, nah, I'm just gonna get up 536 00:24:36,520 --> 00:24:39,040 Speaker 2: and try again, and then you know at some point 537 00:24:39,080 --> 00:24:41,399 Speaker 2: you will succeed because you've been so tenacious. And I 538 00:24:41,400 --> 00:24:43,840 Speaker 2: think that that's so beautiful, Like it's my favorite thing 539 00:24:43,880 --> 00:24:46,439 Speaker 2: about our community. We've just got stuff to do and 540 00:24:46,480 --> 00:24:50,880 Speaker 2: you're just gonna do it, get it done exactly, money darist. 541 00:24:50,960 --> 00:24:53,719 Speaker 2: At the start, you said that you were like a 542 00:24:53,760 --> 00:24:56,199 Speaker 2: B or A C. And I want to know, like 543 00:24:56,480 --> 00:24:58,680 Speaker 2: you're obviously working your butt off to be a good 544 00:24:58,720 --> 00:25:01,280 Speaker 2: role model for your sign. You've got first home, like 545 00:25:01,280 --> 00:25:04,520 Speaker 2: you're back on the savings train, Like do you think 546 00:25:04,560 --> 00:25:08,240 Speaker 2: that B two C is applicable right now? But then also, 547 00:25:08,520 --> 00:25:10,280 Speaker 2: what does it mean to be an A to you? 548 00:25:10,320 --> 00:25:13,000 Speaker 2: Like what would it take in your money life to 549 00:25:13,040 --> 00:25:13,960 Speaker 2: get to being an A? 550 00:25:14,359 --> 00:25:14,879 Speaker 3: Being an A? 551 00:25:15,200 --> 00:25:20,040 Speaker 4: I think perhaps like having more of a buffer financially 552 00:25:20,640 --> 00:25:21,760 Speaker 4: and being able to. 553 00:25:22,520 --> 00:25:24,800 Speaker 3: Understand a lot of people go like, you live off 554 00:25:24,840 --> 00:25:25,760 Speaker 3: like you're fifty. 555 00:25:25,440 --> 00:25:28,560 Speaker 4: Percent, then you save like twenty and like the ratios 556 00:25:28,720 --> 00:25:29,880 Speaker 4: is like having. 557 00:25:29,680 --> 00:25:31,560 Speaker 3: That little bit more of a buffer on those ratios 558 00:25:31,560 --> 00:25:34,440 Speaker 3: would be fantastic. I think that would be the best 559 00:25:34,440 --> 00:25:36,920 Speaker 3: way of looking at it, because I look at money 560 00:25:36,960 --> 00:25:37,800 Speaker 3: as a long game. 561 00:25:37,680 --> 00:25:40,399 Speaker 4: Not a short game. So yeah, that would be the 562 00:25:40,400 --> 00:25:43,480 Speaker 4: best way. I'd probably say an increasing my income. 563 00:25:43,720 --> 00:25:46,359 Speaker 2: So I like it, And that's something so achievable, Like 564 00:25:46,400 --> 00:25:48,600 Speaker 2: you're on track. It's not something that you're like, yeah, 565 00:25:48,600 --> 00:25:50,960 Speaker 2: I'd have to be a completely different person like that, 566 00:25:51,000 --> 00:25:53,440 Speaker 2: I have to change myself entirely. I feel like you're 567 00:25:53,480 --> 00:25:55,199 Speaker 2: on track and you're going to do that, which is 568 00:25:55,240 --> 00:25:58,800 Speaker 2: so exciting. Money Darrest. Now that we've had a chat, 569 00:25:58,880 --> 00:26:00,560 Speaker 2: I just I mean, ah, I think that you have 570 00:26:00,680 --> 00:26:03,120 Speaker 2: done such a good job, like you're setting this good 571 00:26:03,119 --> 00:26:05,560 Speaker 2: example for your son. I love that when you spoke 572 00:26:05,600 --> 00:26:07,360 Speaker 2: about your job, you're like, no, no, no, I really thought 573 00:26:07,359 --> 00:26:09,280 Speaker 2: about my values and what I wanted to do, and 574 00:26:09,320 --> 00:26:11,920 Speaker 2: like what type of income i'd have, And you've bought 575 00:26:11,960 --> 00:26:14,400 Speaker 2: your first property and you've just you've got so much 576 00:26:14,440 --> 00:26:16,480 Speaker 2: grit and I adore it. So I just know that 577 00:26:16,520 --> 00:26:18,080 Speaker 2: people are going to listen to this and be like, 578 00:26:18,160 --> 00:26:21,000 Speaker 2: she's a queen, Like what an icon? And also like, 579 00:26:21,359 --> 00:26:25,280 Speaker 2: how many single mums in that situation are going to go, oh, 580 00:26:25,320 --> 00:26:28,200 Speaker 2: that's so relatable. Like I love that she shared that story. 581 00:26:28,280 --> 00:26:30,040 Speaker 2: So thank you for that because I know that there 582 00:26:30,040 --> 00:26:31,840 Speaker 2: are so many people they're going to be like, this 583 00:26:32,000 --> 00:26:34,200 Speaker 2: was great, Like I feel like I can do it too, 584 00:26:34,400 --> 00:26:36,720 Speaker 2: and that's what we want to get out of the community, right, 585 00:26:36,800 --> 00:26:38,800 Speaker 2: So thank you so much for that. I've adored it. 586 00:26:38,920 --> 00:26:41,280 Speaker 3: Oh, thank you, my total pleasure. Thank you for having me. 587 00:26:41,520 --> 00:26:43,400 Speaker 2: Of course, thank you so much. 588 00:26:49,760 --> 00:26:51,879 Speaker 5: The ID I shared on She's on the Money is 589 00:26:51,960 --> 00:26:55,560 Speaker 5: general in nature and does not consider your individual circumstances. 590 00:26:55,920 --> 00:26:59,320 Speaker 5: She's on the Money exists purely for educational purposes and 591 00:26:59,359 --> 00:27:01,800 Speaker 5: should not be relied upon to make an investment or 592 00:27:01,880 --> 00:27:05,480 Speaker 5: financial decision. If you do choose to buy a financial product, 593 00:27:05,560 --> 00:27:09,400 Speaker 5: read the PDS TMD and obtain appropriate financial advice. 594 00:27:09,119 --> 00:27:10,479 Speaker 2: Tailored towards your needs. 595 00:27:10,840 --> 00:27:14,800 Speaker 5: Victoria Divine and Sheese on the Money are authorized representatives 596 00:27:14,800 --> 00:27:17,359 Speaker 5: of Money sherper P t y lt D A b 597 00:27:17,520 --> 00:27:20,600 Speaker 5: N three two one six four nine two seven seven 598 00:27:20,720 --> 00:27:30,040 Speaker 5: zero eight AFSL four five one two eight nine