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Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud Yr

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Speaker 1: the Order Kerni Whaltbury and a waddery woman. And before

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Speaker 1: we get started on She's on the Money podcast, I

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Speaker 1: would like to acknowledge the traditional custodians of the land

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Speaker 1: of which this podcast is recorded on a wondery country,

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Speaker 1: acknowledging the elders, the ancestors and the next generation coming

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Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing

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Speaker 1: and the storytelling of you to make a difference for

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Speaker 1: today and lasting impact for tomorrow.

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Speaker 2: Let's get into it.

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Speaker 3: She's on the Money, She's on the Money.

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Speaker 2: Hello, and welcome to She's on the Money the podcast

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Speaker 2: you be pervy about other people's money stories for educational

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Speaker 2: purposes of course, Welcome back to another one of our

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Speaker 2: Money Diaries episodes where I get the absolute pleasure of

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Speaker 2: sitting down with one of our beautiful She's on the

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Speaker 2: Money community members and chatting to them all about their journey.

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Speaker 2: Let's jump straight into it, because this week I got

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Speaker 2: a message and it sounded exactly like this, Hi, she

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Speaker 2: Is on the Money. I recently found your podcast and

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Speaker 2: have become a little bit obsessed with it. It's become

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Speaker 2: my ADHD hyperfocus. If you know, you know, I have

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Speaker 2: a budget and even a fancy spreadsheet in it. We've

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Speaker 2: allocated seven hundred dollars per fortnight between my husband and

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Speaker 2: I to spend on whatever we like, but I normally

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Speaker 2: spend ninety five percent of that, plus about another five

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Speaker 2: hundred dollars that I hide from my husband. I am

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Speaker 2: full of shame, but the dovermine chasing is real, and

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Speaker 2: I just don't know how to switch my thinking and

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Speaker 2: focus on paying down my mortgage, which is actually our

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Speaker 2: main goal. Money Diarist, I am so excited to be

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Speaker 2: talking about this because I think that some people are

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Speaker 2: listening to this going, oh my god, relatable, Like I've

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Speaker 2: got questions. But as always, I'm going to start the

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Speaker 2: money dory in the same way I always do. Money Doris.

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Speaker 2: If I asked you to give your money habits a

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Speaker 2: grade from A through to F, what grade do you

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Speaker 2: think we would give them?

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Speaker 4: Actually think at the moment I've risen a little at

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Speaker 4: an as.

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Speaker 2: Still an a minus. All right, money Doris, I need

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Speaker 2: to know tell me a little bit more about your

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Speaker 2: money story.

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Speaker 4: So, growing up, my family was very frugal, like walking

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Speaker 4: around the shopping center with a calculator, just making sure

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Speaker 4: we didn't go over budget. I was always told we

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Speaker 4: didn't have very much money, so I never asked for anything.

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Speaker 4: What that sort of caused is as I became an adult,

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Speaker 4: all of a sudden, I had things, and I was

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Speaker 4: never really taught to manage my money particularly well. But

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Speaker 4: I met my husband when I was seventeen.

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Speaker 2: Oh my god, cut We've been together for twenty years now,

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Speaker 2: no stop it.

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Speaker 4: And he was always really good with money, so I

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Speaker 4: tried to learn from him. In twenty eighteen, we built

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Speaker 4: our first house after saving really hard. And then a

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Speaker 4: few years ago I approached a financial advisor just because

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Speaker 4: I felt like, you know, we had no insurances, had

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Speaker 4: no will, My super was a mess. So I engaged

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Speaker 4: with them, and I hated every minute of it. In

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Speaker 4: the sense that they were wonderful, but they took my

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Speaker 4: control away, and it was everything they were telling me

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Speaker 4: was right. It was just that I didn't want to

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Speaker 4: be told how much I could spend. I didn't want accountability.

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Speaker 2: That's very adhd of you.

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Speaker 4: I was paying them a lot of money to give

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Speaker 4: me that, so they did my will they changed my

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Speaker 4: super they put me on Income Protection Insurance TPD, basically

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Speaker 4: just secured my life for me. And then at the

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Speaker 4: start of last year, I became very mentally unwell and

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Speaker 4: I required six weeks of hospitalization. While I was in

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Speaker 4: that hospital, my financial advisor just put on a cape

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Speaker 4: just like looked after me and my family, and he

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Speaker 4: did all the paperwork and I don't only ever have

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Speaker 4: something slid under me for a signature. And I ended

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Speaker 4: up getting nine months of income protection because of him,

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Speaker 4: and we would have been an absolute strife without that.

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Speaker 4: Then I was able to return to work November last year,

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Speaker 4: where actually now we've sold our old house and we're

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Speaker 4: building our dream house. Oh yeah, so in the past

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Speaker 4: twelve months it's been really turbulent. But come out the

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Speaker 4: other side.

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Speaker 2: Oh my goodness, how are you feeling now, because that

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Speaker 2: feels like a whirlwind. And I mean, I don't think

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Speaker 2: anyone is ever prepared for, like mental illness to take

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Speaker 2: us kind of take us down like that, like six

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Speaker 2: weeks out for the count, Like that's big. You can't

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Speaker 2: plan these things. So like, how's life now?

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Speaker 4: I still have some of the I guess scars you

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Speaker 4: could say my feelings can get hurt a little bit easily.

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Speaker 4: I don't have the resilience that I used to, but

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Speaker 4: I'm also a loe stronger in a lot of ways.

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Speaker 4: I know that I can come from essentially not wanting

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Speaker 4: to be alive to thriving. And I'm really proud of

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Speaker 4: myself for that.

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Speaker 2: I am so proud of you. We haven't met in person,

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Speaker 2: but I already know I've obsaysed with you. But also

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Speaker 2: this self awareness, like for someone to be able to say, yeah, look,

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Speaker 2: my resilience is really down, like I'm sorry. People don't

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Speaker 2: usually have that level of self awareness about themselves to

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Speaker 2: be like, look, my feelings can be hurt a little

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Speaker 2: bit easier, Like most people just deny until they like

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Speaker 2: that is not something that people are willingly going to

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Speaker 2: admit most of the time, and if they do, it's

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Speaker 2: after like twenty years of therapy, babe, Like they're like, yeah, actually,

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Speaker 2: maybe my therapist was right, Like my feelings do get

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Speaker 2: hurt a little bit easier, Like do you know what

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Speaker 2: I mean? Like that self awareness that's iconics. I adore that,

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Speaker 2: and I mean I don't adore that you went through that,

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Speaker 2: but I feel like you are definitely on the right

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Speaker 2: path and doing things that you know are hopefully making

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Speaker 2: sure that you are thriving into the future. Now you

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Speaker 2: said that you've recently discovered the podcast Welcome to the Family.

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Speaker 2: I'm very glad that you are here. But you're also

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Speaker 2: an ADHD queen, and I get that, Like when I

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Speaker 2: find a new podcast that I am obsessed with. I'm

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Speaker 2: not so much a money girl, because like I was

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Speaker 2: a financial advisor, I'm like a true crime girl. But

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Speaker 2: you best believe I'm listening to every single one of

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Speaker 2: those seven hundred episodes that that place has. It's basically

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Speaker 2: all I'm going to live and breathe until it's done.

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Speaker 2: So I kind of get that. But talk to me

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Speaker 2: about your budget and your spreadsheet because I kind of

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Speaker 2: want to slip into the conversation about how you managed

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Speaker 2: to find five hundred bucks to hide from your husband.

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Speaker 2: I just need to know, you know, asking for a friend.

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Speaker 2: I suppose my.

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Speaker 4: Husband leaves one hundred percent of the finances to me

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Speaker 4: to pay the bills, so he never checks.

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Speaker 2: He trusts me, so it's not really hiding it from him.

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Speaker 4: Yes, it's easy to hide when he ate checking.

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Speaker 2: Yeah exactly.

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Speaker 4: So, Yeah, that was definitely a feeder of my shame.

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Speaker 4: And I've actually I had an appointment with my therapist

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Speaker 4: about three weeks ago and she said, we need to

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Speaker 4: like weaponize your ADHD.

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Speaker 2: So in seve hundred percent.

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Speaker 4: Chasing the dopamine change for spending, I'm going to say

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Speaker 4: that I don't think you can save for six weeks.

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Speaker 4: I think that you're going to buy shoes and you're

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Speaker 4: going to buy clothes, and I don't believe you can

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Speaker 4: do it.

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Speaker 2: And I was like, right, this woman is using reverse

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Speaker 2: psychology and goal it is working.

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Speaker 4: I knew I was being manipulated, but I have not

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Speaker 4: purchased one thing discretionary in three weeks.

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Speaker 2: I'm obsessed. And then it just becomes a hyperfocus.

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Speaker 4: Yes it has. And the issue with that is I'm

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Speaker 4: such an all or nothing person. Now I'm like, do

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Speaker 4: we really need that extra bag of peas?

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Speaker 5: Yeah?

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Speaker 2: Isn't it crazy how far you go? Like I feel

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Speaker 2: like it is very hard to explain to somebody who

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Speaker 2: doesn't have it when we say we're all or nothing,

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Speaker 2: like it can be to our detriment, Like we're not

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Speaker 2: just like, oh yeah, we can like lock in on

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Speaker 2: a savings goal. Well, we can but we're also not

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Speaker 2: eating for the week like we can. But also, I

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Speaker 2: just sorry I sold our house, Like there's so many

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Speaker 2: things that just like it's likely spiral, but like in

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Speaker 2: the wrong direction to achieve the goal. So we might

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Speaker 2: have achieved the goal, but like, sorry, we actually have

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Speaker 2: nowhere to live and I sold all our furniture on

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Speaker 2: Facebook marketplace. But we did save, and I did what

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Speaker 2: I told you I was going to do exactly. So

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Speaker 2: money Diarist, talk to me about that seven hundred dollars

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Speaker 2: per fortnite, Like, how did you come up with that?

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Speaker 2: Because clearly it wasn't enough.

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Speaker 4: It was actually my financial advisor came up with it,

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Speaker 4: doing the percentages of how much myself and my husband earned,

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Speaker 4: and that's what he decided was enough. And honestly, when

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Speaker 4: I'm not being silly, it is more than enough. And

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Speaker 4: we roll over to the next fortnite and we're able

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Speaker 4: to save. But it just shiny things and new things

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Speaker 4: and that lifestyle creep, which I've learned about through your podcasts.

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Speaker 4: The new job I got in November was a significant

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Speaker 4: pay increase, and all of a sudden, my skin care,

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Speaker 4: my clothes, everything has followed it. So I'm really trying

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Speaker 4: to pull that in.

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Speaker 2: So tell me a bit more about you. You told

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Speaker 2: me that you went back to work in November twenty

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Speaker 2: twenty four. What do you do for work? How much

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Speaker 2: money do you win?

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Speaker 4: I'm a social worker and I specialize in domestic violence

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Speaker 4: and sexual assault.

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Speaker 2: Oh, my goodnurse, no wonder, she's so self aware. Oh

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Speaker 2: special human being.

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Speaker 4: Yes, when they say at least to burnout, they're not joking.

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Speaker 4: I earn one hundred and seventeen thousand a year.

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Speaker 2: Wow. And is that what most social workers in that

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Speaker 2: space are getting paid? Or Yeah, I know you've been

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Speaker 2: in the workforce for a while, Like how long did

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Speaker 2: it take you to achieve that income?

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Speaker 4: Yeah, it's definitely not. Social workers aren't paid great, generally,

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Speaker 4: more around the eighty mark. But I've been in the

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Speaker 4: space for twelve years now, so I've worked my way

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Speaker 4: up a little.

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Speaker 2: Yeah. And I'm assuming that when you said, look, I

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Speaker 2: had like a mental health crisis, I'm assuming that burnout

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Speaker 2: helped lead to all of that.

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Speaker 4: Yes, it did. One of my clients died and I

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Speaker 4: just I was so disempowered and so sad that women

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Speaker 4: keep dying. And I was working as hard as I

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Speaker 4: possibly could, and it kept happening and I just hit

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Speaker 4: a wall and it took a really, really long time

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Speaker 4: for me to come back with any kind of passion

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Speaker 4: because it just feels like you're running up a hill

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Speaker 4: and you can never reach the peak. Yeah.

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Speaker 2: Wow, I'm listening to you talk and I'm just like,

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Speaker 2: I've like got goosebumps because I'm like, oh, I like

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Speaker 2: I'm not on the frontline of that, right, Like I

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Speaker 2: am so privileged to get to hear these stories and

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Speaker 2: you know, be part of supporting our community and we

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Speaker 2: hear parts of it, and we definitely are replaced where

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Speaker 2: people do feel safe to ask us questions about these

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Speaker 2: things that they're experiencing, and we have this beautiful panel

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Speaker 2: of people that we refer to. But like, you are

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Speaker 2: such a special person to be in this position, to

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Speaker 2: be able to give this advice and work in the

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Speaker 2: domestic violin and sexual assault space and that would have

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Speaker 2: been so traumatic, but the fact that you care so much. Oh,

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Speaker 2: I can't think of a better person to be in

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Speaker 2: this space. Like, can you imagine if after twelve years

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Speaker 2: that didn't impact you, Like I would not want to

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Speaker 2: be that person. Like you are an icon and the

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Speaker 2: fact that you're back there, girl, be for real, Like

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Speaker 2: you're like, okay, cool, I've gotten over that. I have

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Speaker 2: work to do, i have people to help, like you

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Speaker 2: are one of the best people. I adore that. Like,

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Speaker 2: I'm just so excited to have met you. Thank you.

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Speaker 2: Tell me a bit more. Obviously, thankfully you had income

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Speaker 2: protection during that period of time that you were off work.

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Speaker 2: But what are you currently when it comes to finances?

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Speaker 2: What are currently your big goals? What are you working towards.

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Speaker 4: My goal is to pay off our mortgage, which is

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Speaker 4: currently one point one four five million, and I want

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Speaker 4: to pay that off in fifteen years. So that's going

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Speaker 4: to work out to be around seventy grand a year

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Speaker 4: on top of the mortgage.

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Speaker 2: Need to know more because a one point one million

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Speaker 2: dollar mortgage is a lot of money. Does your husband

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Speaker 2: or partner have a similar income?

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Speaker 4: Yeah, he's on one hundred and forty.

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Speaker 2: Oh very nice.

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Speaker 4: Yeah, so we're just you know, I have all my spreadsheets.

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Speaker 4: My spreadsheets even have pie charts. They really help me

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Speaker 4: to stay focused. And we've got little mini goals along

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Speaker 4: the way, because one point one million dollars is a

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Speaker 4: really that's a long goal. So we have like every

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Speaker 4: five years we want to go on a really big

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Speaker 4: international holiday. Every one year we want to go, like

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Speaker 4: to the Gold Coast or something like that. And I

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Speaker 4: really want a Louis Vuitton never fool.

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Speaker 2: Oh, I get it. I get it.

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Speaker 4: So it's just about getting that across the line somehow.

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Speaker 2: Oh, it'll get across the line at some point. Like

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Speaker 2: it's an investment, Like the price of those keeps going up.

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Speaker 2: So if I buy it now, I'm actually saving money

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Speaker 2: in the future by not buying it in the future,

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Speaker 2: because it would be way more expensive. Right, exactly, go math,

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Speaker 2: give me your husband's number. I'll call the man up.

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Speaker 2: I'll let him know. We're basically making money here.

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Speaker 4: Exactly.

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Speaker 2: So money, darst. Are there any other big goals that

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Speaker 2: you have in mind? I'm making the grand assumption that

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Speaker 2: you don't have children.

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Speaker 4: I do.

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Speaker 2: Oh, we haven't talked about them yet, and we don't

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Speaker 2: have to talk about them specifically. I'm just interested in

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Speaker 2: your cash flow. So I was like, are they double income?

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Speaker 2: No kids? Do they have kids? Like, how aggressive can

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Speaker 2: we be on smashing this mortgage down? Like I'm just

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Speaker 2: being pervy? Yes, I have a six and a ten

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Speaker 2: year old, gorgeous.

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Speaker 4: The six year old is a boy and is currently

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Speaker 4: eating my house out. It's unbelievable how much boys eat.

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Speaker 4: We have like seven hundred dollars a fortnight for groceries,

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Speaker 4: two thousand dollars a fortnight for bills. Yeah, the seven

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Speaker 4: hundred for splurge, and then I've just started investing fortnightly too.

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Speaker 2: Who are you? Tell me? I need to know a

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Speaker 2: little bit more about groceries because I feel like groceries

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Speaker 2: a hot topic at the moment, and I mean, we're

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Speaker 2: all feeling the pinched when we come to the checkout.

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Speaker 2: Tell me a bit more about a seven hundred dollar

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Speaker 2: per fortnite grocery budget, Like is that for you? Guys?

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Speaker 2: Is that bougie? Is that, you know, just cutting it

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Speaker 2: fine and getting enough week bix to fuel a six

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Speaker 2: year old?

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Speaker 1: Like?

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Speaker 2: What does that look like?

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Speaker 4: It was just enough, but since I was rudely challenged

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Speaker 4: by my therapist, it has become more than enough, so

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Speaker 4: where I'm currently doing my full weekly shop for about

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Speaker 4: one hundred and fifty dollars a week feeding all for people.

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Speaker 2: Excuse me? Who are you?

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Speaker 4: We shop predominantly at Audi, of course, and just like

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Speaker 4: little things like butchering your own chicken. That saved us

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Speaker 4: heaps of money and it was not something I ever

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Speaker 4: ever occurred to me. So and just making lunch box

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Speaker 4: snacks at home rather than buying them, and just trying

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Speaker 4: to be really creative.

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Speaker 2: Tell me where did you get these tips and tricks?

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Speaker 2: Because like, obviously your your therapist sounds like an icon

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Speaker 2: and was like, oh, I bet you can't do it,

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Speaker 2: and you're like, oh damn it. Now I have to

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Speaker 2: prove you wrong. So how did you learn about butchering

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Speaker 2: your own ches? Because I feel like those things. Lots

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Speaker 2: of people are like, oh, I can't save you that much,

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Speaker 2: but I actually can. Who taught you that? Or did

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Speaker 2: you just decide that was a thing? No?

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Speaker 4: I follow this Instagram page called that money Mum.

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Speaker 2: Oh no, let's go find her, and.

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Speaker 4: She just basically talks about how she saves money and

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Speaker 4: does like fifty dollars a week challenges and gets you

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Speaker 4: to follow along. So I can't do fifty dollars a week, absolutely,

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Speaker 4: dairy milk doesn't allow that.

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Speaker 2: And we've got it, like, sorry, that's for our mental health.

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Speaker 4: Yes exactly, but yeah, we've halved our bill just by

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Speaker 4: being mindful and eating before we go shopping. Because if

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Speaker 4: my husband goes out shopping, he always gets LCMS. It's

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Speaker 4: like the warning sign that we need to leave him

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Speaker 4: reaching for LCMS.

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Speaker 2: I feel like that's a good thing, like you clearly

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Speaker 2: know this man well, like mine's a slippery slope. If

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Speaker 2: I take my husband shopping to the supermarket, like we're

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Speaker 2: buying everything, like not in a good way, He'll be like, oh, yeah,

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Speaker 2: we should get a roast chicken. I'll be like, we

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Speaker 2: don't need a roast chicken. Oh yeah, we do. Anyway,

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Speaker 2: let's go to a really quick break because on the

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Speaker 2: flip side, I have a lot of questions because you

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Speaker 2: told me just before that you are investing, and I

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Speaker 2: want to know about that debt. I need to know

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Speaker 2: how much your house costs to begin with, and then

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Speaker 2: we're going to talk about your best and worse money habits.

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Speaker 2: So guys, don't go anywhere. Are at money dist We

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Speaker 2: are back and before you mentioned that you've got you know,

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Speaker 2: I think you said seven hundred dollars in groceries, two

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Speaker 2: thousand dollars in bills every fortnight. Then you've got like

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Speaker 2: your seven hundred dollars in splurge every fortnite. But then

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Speaker 2: you've started investing how much and in what? And how

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Speaker 2: did you start that journey?

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Speaker 4: So we very first started investing with my financial advisor

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Speaker 4: through Hub twenty four.

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Speaker 2: Oh yeah, and.

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Speaker 4: He recycled debt through our mortgage and we got a

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Speaker 4: one hundred thousand dollars investment loan and he invested that

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Speaker 4: for us through Hub twenty four. But once we wanted

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Speaker 4: to buy this new house, he pivoted and said, we

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Speaker 4: really need to get this mortgage down, so we took

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Speaker 4: that out. And it's only been since listening to you

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Speaker 4: that I dabbled in Chersias a little bit, but I

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Speaker 4: didn't love it, and I was trying to find a

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Speaker 4: platform that worked for me, and then I found Vanguard.

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Speaker 4: So now I invest five hundred dollars a fortnite into

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Speaker 4: Vanguard all growth.

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Speaker 2: Oh, I love this for you? And how did you

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Speaker 2: choose that? Like, I'm just being really pervy, So we

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Speaker 2: do apologize, Bill, you can't be like I investing Vanguard

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Speaker 2: or Growth, Like how did you pick that?

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Speaker 4: I did a few quizzes on my risk profile, and

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Speaker 4: since I've become much more educated on finance, my risk

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Speaker 4: profile is actually pretty high. I have a really high tolerance.

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Speaker 4: And then I just did a little bit of googling

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Speaker 4: and listened to a few podcasts and lots of people

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Speaker 4: were speaking about Vanguard and that they quite trusted They've

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Speaker 4: been in the game a really long time. So I

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Speaker 4: went on their website and just went with all growth

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Speaker 4: and I made twelve dollars today, I logged on it's

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Speaker 4: just gone up twelve bucks because I'm good changes in tariffs.

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Speaker 2: So that's a money win. I love that for us.

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Speaker 2: I feel like Trump at the moment is definitely just

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Speaker 2: playing like roller coasters with our share markets. Like the

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Speaker 2: impact of this man is having is making me feel

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Speaker 2: sick like it is actually terrifying. Anyway, we will not

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Speaker 2: go on about that because it will take our way

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Speaker 2: the rest of the episode. I need to go back

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Speaker 2: to your mortgage because I think for a lot of people,

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Speaker 2: hearing our mortgage is at one point one four five

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Speaker 2: would make a lot of people sick like and that's cool,

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Speaker 2: but I need to know how much did you purchase for?

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Speaker 2: How much of a deposit did you need to purchase

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Speaker 2: a house that big?

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Speaker 4: We purchased it for one point five?

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Speaker 2: Oh okay, Queen.

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Speaker 4: And we used the proceeds from the house that we

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Speaker 4: sold as a deposit. So it's just amazing how big

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Speaker 4: prices have gotten. We built house and land in Adelaide

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Speaker 4: in twenty eighteen for five hundred thousand, and now I

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Speaker 4: live in Canberra and the prices are just astronomical. So

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Speaker 4: we're building again, but it's one point five seems to

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Speaker 4: be like a discount in this state.

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Speaker 2: I feel like this is now the way of getting

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Speaker 2: into property and like building our dream home. And you

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Speaker 2: said earlier, like, oh, my husband and I building our

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Speaker 2: dream home, and that is so flipping exciting. But I

396
00:19:20,760 --> 00:19:23,200
Speaker 2: need to know more about the journey because like these days,

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Speaker 2: it's not like back in the seventies and eighties where

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Speaker 2: our parents could just purchase their dream home off the

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Speaker 2: bat and be like, oh, well, we tick tat box,

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Speaker 2: We've got a family home. Like nowadays, we're having to

401
00:19:32,920 --> 00:19:35,320
Speaker 2: purchase a house, you know, wait for it to increase

402
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Speaker 2: in value a little bit, using the proceeds of that

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Speaker 2: to get into a bigger house. And like, I own

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00:19:39,200 --> 00:19:41,640
Speaker 2: a mortgage breaking business, so I see these literally every

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Speaker 2: day people going okay, we're going from an apartment to

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Speaker 2: a townhouse from a townhouse to our dream house, Like

407
00:19:47,040 --> 00:19:49,600
Speaker 2: it's not a linear pathway of like, yep, I'll just

408
00:19:49,960 --> 00:19:52,919
Speaker 2: go to Victoria's business and get some finance. Talk to

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Speaker 2: me about this house and land package that you purchased.

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Speaker 2: First you said it was five hundred thousand dollars, So

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Speaker 2: tell me you purchase for five hundred thousand dollars when

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Speaker 2: and then what did you sell it for?

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Speaker 4: So we purchased for five twenty eighteen and then we

414
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Speaker 4: sold at the start of this year for eight forty five.

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Speaker 2: Oh my goodness. And was that when you were building

416
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Speaker 2: your house at the time, were you like, this is

417
00:20:18,720 --> 00:20:20,399
Speaker 2: our dream home or were you like this is a

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00:20:20,440 --> 00:20:23,119
Speaker 2: stepping stone? Like what was the thought process of like

419
00:20:23,200 --> 00:20:26,200
Speaker 2: picking that location in that particular house and land package.

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Speaker 4: It was just a really nice place to raise children

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Speaker 4: and it was a little bit country like right on

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Speaker 4: the cusp of the city. And we never ever thought

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Speaker 4: we would sell. But then my husband got moved to

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Speaker 4: Canberra for work. We've been renting while renting out that

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Speaker 4: home and we're renting it for six fifty a week,

426
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Speaker 4: which was, you know, more than we ever thought we

427
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Speaker 4: would get out of it. But we're just tired of

428
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Speaker 4: renting and want a house where we can put holes

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Speaker 4: in the wall and do all that stuff. So we

430
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Speaker 4: sat down with our financial advisor and just said, like,

431
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Speaker 4: can we afford to do this? And he said yes,

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Speaker 4: and it kind of went from there.

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Speaker 2: But we're going to have to dispose of that asset

434
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Speaker 2: and flip this over here and do a little bit

435
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Speaker 2: of a backflip and then we can.

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Speaker 4: Yes. Bless him.

437
00:21:11,160 --> 00:21:13,040
Speaker 2: It sounds like he's got his head screwed on. Like

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Speaker 2: when you said, yap, he was doing debt recycling, I

439
00:21:15,440 --> 00:21:17,439
Speaker 2: was thinking, oh, that feels a bit risky for that

440
00:21:17,520 --> 00:21:19,440
Speaker 2: level of mortgage. After you told me your income and

441
00:21:19,480 --> 00:21:22,080
Speaker 2: I'm thinking okay, like no judgment, I haven't seen your plan.

442
00:21:22,119 --> 00:21:24,199
Speaker 2: And then you said yes but my advisor told me

443
00:21:24,240 --> 00:21:26,400
Speaker 2: to extinguish this to do this, I'm like, oh, okay,

444
00:21:26,520 --> 00:21:28,640
Speaker 2: Like he sounds smart. And then when you said Hub

445
00:21:28,680 --> 00:21:30,280
Speaker 2: twenty four, I was like, yeah, I used to use

446
00:21:30,280 --> 00:21:32,719
Speaker 2: that platform as well when I was an advisor. And

447
00:21:32,760 --> 00:21:35,320
Speaker 2: for those of you, I guess playing along at home.

448
00:21:35,560 --> 00:21:38,919
Speaker 2: Hub twenty four is basically a commercial version of like

449
00:21:38,960 --> 00:21:43,679
Speaker 2: a sharesis or a vanguard, where your financial advisor will say, oh,

450
00:21:43,760 --> 00:21:47,239
Speaker 2: invest on Hub twenty four, and your financial advisor can

451
00:21:47,320 --> 00:21:49,280
Speaker 2: essentially log into the back end and I could see

452
00:21:49,320 --> 00:21:51,520
Speaker 2: all your reporting and you know, make trades and stuff

453
00:21:51,560 --> 00:21:53,920
Speaker 2: on your behalf. But then there's the client side, which

454
00:21:54,160 --> 00:21:56,560
Speaker 2: our money direst would have been able to see. So like,

455
00:21:56,600 --> 00:21:58,240
Speaker 2: it's not something that you're like, oh my god, should

456
00:21:58,280 --> 00:22:00,880
Speaker 2: I have that. It's more just a like that's usually

457
00:22:00,880 --> 00:22:03,680
Speaker 2: what advisors use because it has that back end access

458
00:22:04,400 --> 00:22:06,560
Speaker 2: money dost I want to know a little bit more

459
00:22:06,560 --> 00:22:09,399
Speaker 2: about debts. So you just have the mortgage that you

460
00:22:09,440 --> 00:22:11,040
Speaker 2: have at the moment, and the plan is to get

461
00:22:11,040 --> 00:22:13,840
Speaker 2: out of it, ideally in fifteen years. Yes, that is

462
00:22:13,960 --> 00:22:16,080
Speaker 2: very exciting. Do you have any other debts? Have you

463
00:22:16,119 --> 00:22:17,280
Speaker 2: ever been in other debt?

464
00:22:17,320 --> 00:22:19,880
Speaker 4: When I was nineteen, I got a five thousand dollar

465
00:22:19,960 --> 00:22:24,440
Speaker 4: loan to travel overseas that was really tricky to pay down.

466
00:22:24,560 --> 00:22:27,159
Speaker 4: I just didn't understand interest. I didn't understand any of it.

467
00:22:27,240 --> 00:22:29,359
Speaker 4: I just wanted to go overseas, which I know you

468
00:22:29,400 --> 00:22:31,040
Speaker 4: can emphasize.

469
00:22:30,560 --> 00:22:33,640
Speaker 2: In Oh, absolutely I can. Like, what do you mean

470
00:22:33,760 --> 00:22:37,399
Speaker 2: compound interest is basically what happens with debt. That's a

471
00:22:37,440 --> 00:22:40,159
Speaker 2: bit rude, Yes, and dishonor fees.

472
00:22:40,560 --> 00:22:43,000
Speaker 4: I was getting smashed with them all the time. But

473
00:22:43,160 --> 00:22:46,240
Speaker 4: my husband helped me pay that down, and then you know,

474
00:22:46,280 --> 00:22:48,960
Speaker 4: we've bought a secondhand car here and there. But I've

475
00:22:48,960 --> 00:22:51,919
Speaker 4: never had a credit card. My family always instilled in

476
00:22:52,000 --> 00:22:53,960
Speaker 4: me that if you don't have the money, then you

477
00:22:54,000 --> 00:22:57,560
Speaker 4: can't afford it. So I've never had that and I've

478
00:22:57,840 --> 00:22:59,760
Speaker 4: we haven't got any debt except for the house.

479
00:22:59,800 --> 00:23:02,399
Speaker 2: Now, that is a good position to be in. I

480
00:23:02,440 --> 00:23:05,800
Speaker 2: feel like having ADHD not having a credit card is

481
00:23:05,840 --> 00:23:08,560
Speaker 2: probably a very good thing because like when you're chasing

482
00:23:08,600 --> 00:23:11,080
Speaker 2: that dopamine high, Wait, you mean I can tap it

483
00:23:11,119 --> 00:23:13,520
Speaker 2: and it's not even coming out of my bank account either,

484
00:23:13,680 --> 00:23:15,719
Speaker 2: Like that five hundred dollars that you and I were

485
00:23:15,760 --> 00:23:19,240
Speaker 2: talking about before that your husband doesn't see like that

486
00:23:19,359 --> 00:23:21,960
Speaker 2: literally being on a credit card would be the worst

487
00:23:22,040 --> 00:23:22,480
Speaker 2: thing for you.

488
00:23:22,560 --> 00:23:24,600
Speaker 4: I think Apple pay is the worst thing that ever

489
00:23:24,640 --> 00:23:27,240
Speaker 4: happened to my bank account, just to double click on

490
00:23:27,240 --> 00:23:28,919
Speaker 4: the side of the phone and boom.

491
00:23:29,040 --> 00:23:32,280
Speaker 2: You need to completely disconnect it because, as a fellow

492
00:23:32,400 --> 00:23:35,440
Speaker 2: adhdre if you make it really hard, then I don't

493
00:23:35,480 --> 00:23:37,320
Speaker 2: even want to do it. Like if I have to

494
00:23:37,320 --> 00:23:39,640
Speaker 2: go get my credit card, then I have to face

495
00:23:39,680 --> 00:23:42,000
Speaker 2: the reality that I probably didn't want that because it

496
00:23:42,040 --> 00:23:44,560
Speaker 2: wasn't worth going and finding my credit card for. Yeah,

497
00:23:44,600 --> 00:23:47,679
Speaker 2: you're right, slippery slope though, because this genius now knows

498
00:23:47,760 --> 00:23:50,440
Speaker 2: oh credit card numbers and no CVC like the back

499
00:23:50,480 --> 00:23:54,720
Speaker 2: of her hand. Yes, me too, slippery slippery slope. Money

500
00:23:54,760 --> 00:23:56,840
Speaker 2: direst I need to know, though, what is your best

501
00:23:56,880 --> 00:23:57,520
Speaker 2: money habit?

502
00:23:57,960 --> 00:24:01,040
Speaker 4: My best money habit is that when I have a

503
00:24:01,119 --> 00:24:05,000
Speaker 4: clear goal, I am a machine at saving. After I

504
00:24:05,040 --> 00:24:08,240
Speaker 4: had my children, I had significant ab separation and I

505
00:24:08,280 --> 00:24:11,680
Speaker 4: needed to have surgery to repair it, but Medicare didn't

506
00:24:11,720 --> 00:24:13,879
Speaker 4: cover it, so it was going to cost sixty thousand dollars.

507
00:24:14,119 --> 00:24:18,080
Speaker 4: What I know, Tony Abbot said, women just want free

508
00:24:18,119 --> 00:24:20,000
Speaker 4: tummy tucks, so we took it off Medicare.

509
00:24:20,119 --> 00:24:23,920
Speaker 2: Oh yeah, that's totally it, Tony Abbitt, you absolutely honestly.

510
00:24:24,800 --> 00:24:28,240
Speaker 4: So in eighteen months, I saved sixty thousand dollars and

511
00:24:28,400 --> 00:24:30,959
Speaker 4: I was earning about sixty thousand dollars.

512
00:24:31,119 --> 00:24:33,400
Speaker 2: So we need more info, like how do you save

513
00:24:33,480 --> 00:24:36,399
Speaker 2: sixty grand in a short period of time? Like are

514
00:24:36,400 --> 00:24:39,080
Speaker 2: you hustling? Are you doing side hustles? Are you selling

515
00:24:39,119 --> 00:24:43,800
Speaker 2: your entire contents of your house on marketplace? What's going on? It?

516
00:24:43,880 --> 00:24:47,240
Speaker 4: Was just sheer determination of like we don't need the

517
00:24:47,240 --> 00:24:49,680
Speaker 4: heater on, put a jumper on. We don't need to

518
00:24:49,720 --> 00:24:52,119
Speaker 4: go visit our friends. That's going to cost fuel. Like

519
00:24:52,359 --> 00:24:55,280
Speaker 4: we just locked down, and I was in a lot

520
00:24:55,320 --> 00:24:57,879
Speaker 4: of discomfort a lot of the time, and it was

521
00:24:57,960 --> 00:25:00,520
Speaker 4: just a daily reminder of why we need to save,

522
00:25:00,920 --> 00:25:03,960
Speaker 4: and so we just put our heads down and every

523
00:25:04,040 --> 00:25:06,000
Speaker 4: way we could think to save money, we did it.

524
00:25:06,040 --> 00:25:09,800
Speaker 4: We had no streaming services, like we're making our pet

525
00:25:09,800 --> 00:25:12,399
Speaker 4: food at home. We were doing everything we could think of.

526
00:25:12,640 --> 00:25:16,280
Speaker 2: I am so impressed and also just like so happy

527
00:25:16,320 --> 00:25:18,360
Speaker 2: that you got that, but like, I'm not gonna lie.

528
00:25:18,760 --> 00:25:21,600
Speaker 2: I did not know that those surgeries were so expensive,

529
00:25:22,440 --> 00:25:26,200
Speaker 2: Like had no idea. In fact, I am quite mad

530
00:25:26,320 --> 00:25:28,919
Speaker 2: that that's the case, because it's like, sorry, that to

531
00:25:28,960 --> 00:25:33,040
Speaker 2: me sounds like an essential surgery. I know, like that sorry,

532
00:25:33,119 --> 00:25:36,080
Speaker 2: you just said that you were uncomfortable the whole time, Like,

533
00:25:36,200 --> 00:25:38,439
Speaker 2: and that was one of your motivations to save. Is

534
00:25:38,440 --> 00:25:41,040
Speaker 2: that not a required surgery in that case? To me?

535
00:25:41,320 --> 00:25:42,080
Speaker 4: I agree?

536
00:25:42,280 --> 00:25:44,600
Speaker 2: Anyway, I need to know, let's flip this, what is

537
00:25:44,600 --> 00:25:45,720
Speaker 2: your worst money habit?

538
00:25:45,840 --> 00:25:50,960
Speaker 4: My impulsivity Instagram is she just reads my mind and

539
00:25:51,240 --> 00:25:53,320
Speaker 4: I might be talking about slippers, and then slippers will

540
00:25:53,320 --> 00:25:55,000
Speaker 4: pop up, and then I have to have those slippers.

541
00:25:55,480 --> 00:25:59,440
Speaker 4: So I'm just really impulsive. I've tried doing that twenty

542
00:25:59,480 --> 00:26:01,440
Speaker 4: four hour thing that he goes, I can't do it

543
00:26:01,880 --> 00:26:05,960
Speaker 4: because I so badly need it right now, and so

544
00:26:06,040 --> 00:26:07,560
Speaker 4: that's something that I'm really working on.

545
00:26:07,760 --> 00:26:10,679
Speaker 2: I feel like, if you're in that position, I know

546
00:26:10,760 --> 00:26:12,760
Speaker 2: that it's like, oh, just don't do it for twenty

547
00:26:12,760 --> 00:26:15,280
Speaker 2: four hours. Go put it in your note section of

548
00:26:15,320 --> 00:26:18,000
Speaker 2: your phone, or put an alarm on your phone so

549
00:26:18,040 --> 00:26:19,840
Speaker 2: that it doesn't feel like you're going to miss out.

550
00:26:19,880 --> 00:26:22,520
Speaker 2: Because I think they're with Adhd as well. We know

551
00:26:22,640 --> 00:26:25,200
Speaker 2: that we're going to forget, like we know that that's

552
00:26:25,200 --> 00:26:26,920
Speaker 2: something and you kind of I think that's a lot

553
00:26:26,960 --> 00:26:29,960
Speaker 2: of our impulsivity because we know that if we don't

554
00:26:29,960 --> 00:26:31,600
Speaker 2: do it right now, it's probably not going to happen.

555
00:26:31,920 --> 00:26:34,439
Speaker 2: So like, put an alarm in your phone at the

556
00:26:34,480 --> 00:26:37,040
Speaker 2: same time tomorrow to remind you to go look at

557
00:26:37,080 --> 00:26:39,240
Speaker 2: those slippers again and see if you want them. Like

558
00:26:39,400 --> 00:26:41,920
Speaker 2: that way, maybe you don't feel as much like you're

559
00:26:41,920 --> 00:26:44,960
Speaker 2: going to miss out. And that has historically helped me

560
00:26:45,080 --> 00:26:46,880
Speaker 2: a little bit, and I'm much better at it now,

561
00:26:46,920 --> 00:26:50,400
Speaker 2: but it is very hard to manage sometimes, especially when

562
00:26:50,440 --> 00:26:53,840
Speaker 2: you get that dopamine high, Like, how do we redirect that?

563
00:26:53,880 --> 00:26:56,760
Speaker 2: Why can't it be like a dopamine high from cleaning

564
00:26:56,760 --> 00:27:01,600
Speaker 2: my fridge out? Why so rude money darist? At the

565
00:27:01,680 --> 00:27:03,560
Speaker 2: start of this episode, you said, I reckon, I'm an

566
00:27:03,560 --> 00:27:06,760
Speaker 2: A mins. What makes you an ans? Like? What would

567
00:27:06,880 --> 00:27:09,479
Speaker 2: make you an A plus? Because it sounds like, honestly,

568
00:27:09,480 --> 00:27:11,439
Speaker 2: you've got it pretty together. I know that you're spending

569
00:27:11,480 --> 00:27:14,199
Speaker 2: a bit more than your husband realizes you're spending, but

570
00:27:14,320 --> 00:27:17,160
Speaker 2: you're still on track to pay off your mortgage early.

571
00:27:17,440 --> 00:27:20,159
Speaker 2: You are still investing, and you seem to have a

572
00:27:20,200 --> 00:27:22,679
Speaker 2: really good handle of your budget and cash flow, Like

573
00:27:23,080 --> 00:27:24,879
Speaker 2: I don't think it's as bad as I thought it

574
00:27:24,960 --> 00:27:26,720
Speaker 2: might be from your diary entry.

575
00:27:26,800 --> 00:27:29,280
Speaker 4: I think to be an A plus it would be

576
00:27:29,280 --> 00:27:32,639
Speaker 4: being able to trust myself with my money and know

577
00:27:32,800 --> 00:27:36,280
Speaker 4: that that dopamine is not more important than my values,

578
00:27:36,760 --> 00:27:39,919
Speaker 4: because that's something that really that was the instigator of

579
00:27:39,920 --> 00:27:44,280
Speaker 4: me messaging you, listening to an episode about values and

580
00:27:44,680 --> 00:27:47,280
Speaker 4: looking at my bank and seeing that all the things

581
00:27:47,280 --> 00:27:49,800
Speaker 4: that I buy did in align with them, and what

582
00:27:49,920 --> 00:27:52,080
Speaker 4: I really want is a safe and beautiful home for

583
00:27:52,200 --> 00:27:54,600
Speaker 4: my family and to be able to afford to send

584
00:27:54,640 --> 00:27:56,560
Speaker 4: my kids on school camp and all that sort of stuff,

585
00:27:56,560 --> 00:27:59,199
Speaker 4: And what I was doing was going against all of that.

586
00:27:59,480 --> 00:28:02,959
Speaker 4: So yeah, to become an aplus would be to trust

587
00:28:03,040 --> 00:28:05,480
Speaker 4: myself and stick to my values.

588
00:28:05,680 --> 00:28:07,720
Speaker 2: I'm excited for that because I think that you're on

589
00:28:07,760 --> 00:28:09,680
Speaker 2: the track to do that. Like it sounds like you've

590
00:28:09,680 --> 00:28:11,560
Speaker 2: got a lot of good people on your team that

591
00:28:11,640 --> 00:28:14,240
Speaker 2: support you, whether that is your family or like your therapist,

592
00:28:14,440 --> 00:28:16,720
Speaker 2: Like you're going to get it, and obviously your therapist

593
00:28:16,720 --> 00:28:19,200
Speaker 2: knows how to push the right buttons on you, and

594
00:28:19,400 --> 00:28:22,320
Speaker 2: like I have met therapists before who just don't know

595
00:28:22,320 --> 00:28:24,359
Speaker 2: what to do with me. So I'll call you after

596
00:28:24,480 --> 00:28:27,040
Speaker 2: and I think I might need her details money test.

597
00:28:27,400 --> 00:28:30,000
Speaker 2: This has been beautiful. I feel like this episode is

598
00:28:30,040 --> 00:28:31,679
Speaker 2: going to really resonate with a lot of people in

599
00:28:31,720 --> 00:28:35,000
Speaker 2: our community, like not just the ADHD, but just like

600
00:28:35,320 --> 00:28:38,240
Speaker 2: the sneaky spending, like maybe being able to hype a

601
00:28:38,320 --> 00:28:41,240
Speaker 2: focus on things. But then also thank you so much

602
00:28:41,280 --> 00:28:44,400
Speaker 2: for sharing so much information and just like parts of

603
00:28:44,440 --> 00:28:47,840
Speaker 2: your journey of like having to be hospitalized for mental health,

604
00:28:47,880 --> 00:28:49,560
Speaker 2: because I think we need to talk about this so

605
00:28:49,640 --> 00:28:53,360
Speaker 2: much more often. Because like, it is challenging, but it

606
00:28:53,440 --> 00:28:56,560
Speaker 2: is a reality of our situation. And I'm obsessed that

607
00:28:56,600 --> 00:28:59,120
Speaker 2: your financial advisor came in and was like, write, sit down,

608
00:28:59,200 --> 00:29:02,719
Speaker 2: I will organize all of this, because not many and

609
00:29:02,760 --> 00:29:05,440
Speaker 2: this is so good, but not many people get to

610
00:29:05,440 --> 00:29:08,800
Speaker 2: see their financial advisor actually in action, like you would

611
00:29:08,840 --> 00:29:11,440
Speaker 2: probably remember sitting down with them in initial consults and

612
00:29:11,440 --> 00:29:13,640
Speaker 2: then being like, look, if anything happened, i'd come in

613
00:29:13,640 --> 00:29:15,760
Speaker 2: and make sure you're okay, and you're like, yeah, but cool.

614
00:29:16,280 --> 00:29:19,480
Speaker 2: But they do right, Like they just fly in and go, okay, cool,

615
00:29:19,480 --> 00:29:21,040
Speaker 2: We're going to sort this, this, this and this, and

616
00:29:21,080 --> 00:29:22,480
Speaker 2: I need you to sign here so that we can

617
00:29:22,520 --> 00:29:24,560
Speaker 2: get this done and I'll call you if I need anything.

618
00:29:25,120 --> 00:29:27,600
Speaker 4: Yeah, I've told him. I sent him an email and said,

619
00:29:27,600 --> 00:29:30,880
Speaker 4: I think that you saved my life because without that

620
00:29:30,960 --> 00:29:34,880
Speaker 4: income and without him just taking it all, it wouldn't

621
00:29:34,880 --> 00:29:37,480
Speaker 4: have got done, and I would have felt like I

622
00:29:37,520 --> 00:29:41,200
Speaker 4: was hurting my family. So I'll be forever grateful for him.

623
00:29:41,320 --> 00:29:44,280
Speaker 2: I'm obsessed. Well, thank you so much for sharing your journey.

624
00:29:44,320 --> 00:29:46,920
Speaker 2: I'm very very grateful that I got to hear a

625
00:29:46,960 --> 00:29:49,000
Speaker 2: small part of it. And I know that our community

626
00:29:49,120 --> 00:29:50,640
Speaker 2: is going to feel exactly the same way.

627
00:29:50,760 --> 00:29:51,520
Speaker 4: Thanks Victoria.

628
00:29:57,880 --> 00:30:00,320
Speaker 5: If I shared on cheese on the Money is general

629
00:30:00,360 --> 00:30:04,200
Speaker 5: in nature and does not consider your individual circumstances. She's

630
00:30:04,240 --> 00:30:07,640
Speaker 5: on the Money exists purely for educational purposes and should

631
00:30:07,720 --> 00:30:10,880
Speaker 5: not be relied upon to make an investment or financial decision.

632
00:30:11,280 --> 00:30:13,720
Speaker 5: If you do choose to buy a financial product, read

633
00:30:13,760 --> 00:30:17,920
Speaker 5: the PDS TMD and obtain appropriate financial advice tailored towards

634
00:30:17,920 --> 00:30:21,200
Speaker 5: your needs. Victoria, Divine and She's on the Money are

635
00:30:21,280 --> 00:30:26,040
Speaker 5: authorized representatives of money. Sheper Pty Ltd a BN three

636
00:30:26,080 --> 00:30:29,320
Speaker 5: two one six four nine two seven seven zero eight

637
00:30:29,640 --> 00:30:38,040
Speaker 5: AFSL four five one two eight nine